InsiderClue
Stocks · Industrials · Fabricated Structural Metal Products

VALMONT INDUSTRIES INC

VMI Clue Score58
United States Fiscal year ends December CIK 0000102729
$467.81 -0.19% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $467.81 +103.06% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2,746.0Operating income267.1Net income122.3EPS, diluted5.11Fiscal year 2018Revenue2,757.1 +0.4%Operating income212.2Net income107.7 −11.9%EPS, diluted4.53 −11.4%Fiscal year 2019Revenue2,767.0 +0.4%Operating income227.9Net income152.1 +41.2%EPS, diluted6.73 +48.6%Fiscal year 2020Revenue2,895.4 +4.6%Operating income226.0Net income142.1 −6.5%EPS, diluted6.57 −2.4%Fiscal year 2021Revenue3,501.6 +20.9%Operating income286.8Net income195.6 +37.6%EPS, diluted9.10 +38.5%Fiscal year 2022Revenue4,345.3 +24.1%Operating income433.2Fiscal year 2022Revenue4,345.3 +0.0%Operating income433.2Net income250.9EPS, diluted11.62Fiscal year 2023Revenue4,174.6 −3.9%Operating income291.6Net income150.8 −39.9%EPS, diluted6.78 −41.7%Fiscal year 2024Revenue4,075.0 −2.4%Operating income524.6Net income348.3 +130.9%EPS, diluted17.19 +153.5%Fiscal year 2025Revenue4,104.1 +0.7%Operating income415.6Net income350.3 +0.6%EPS, diluted16.79 −2.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2022FY2023FY2024FY2025
Revenue 2,746.0 2,757.1 2,767.0 2,895.4 3,501.6 4,345.3 4,345.3 4,174.6 4,075.0 4,104.1
Growth +0.4% +0.4% +4.6% +20.9% +24.1% +0.0% −3.9% −2.4% +0.7%
Operating income 267.1 212.2 227.9 226.0 286.8 433.2 433.2 291.6 524.6 415.6
Net income 122.3 107.7 152.1 142.1 195.6 n/a 250.9 150.8 348.3 350.3
Growth −11.9% +41.2% −6.5% +37.6% −39.9% +130.9% +0.6%
EPS, diluted 5.11 4.53 6.73 6.57 9.10 n/a 11.62 6.78 17.19 16.79
Growth −11.4% +48.6% −2.4% +38.5% −41.7% +153.5% −2.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin24.8%Operating margin9.7%Net margin4.5%Free cash flow margin2.8%Fiscal year 2018Gross margin24.2%Operating margin7.7%Net margin3.9%Free cash flow margin2.9%Fiscal year 2019Gross margin24.7%Operating margin8.2%Net margin5.5%Free cash flow margin7.6%Fiscal year 2020Gross margin26.4%Operating margin7.8%Net margin4.9%Free cash flow margin7.2%Fiscal year 2021Gross margin25.2%Operating margin8.2%Net margin5.6%Free cash flow margin−1.2%Fiscal year 2022Operating margin10.0%Fiscal year 2022Gross margin25.9%Operating margin10.0%Net margin5.8%Free cash flow margin5.4%Fiscal year 2023Gross margin29.6%Operating margin7.0%Net margin3.6%Free cash flow margin5.0%Fiscal year 2024Gross margin30.5%Operating margin12.9%Net margin8.5%Free cash flow margin12.1%Fiscal year 2025Gross margin30.2%Operating margin10.1%Net margin8.5%Free cash flow margin7.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2022FY2023FY2024FY2025
Gross margin 24.8% 24.2% 24.7% 26.4% 25.2% n/a 25.9% 29.6% 30.5% 30.2%
Operating margin 9.7% 7.7% 8.2% 7.8% 8.2% 10.0% 10.0% 7.0% 12.9% 10.1%
Net margin 4.5% 3.9% 5.5% 4.9% 5.6% n/a 5.8% 3.6% 8.5% 8.5%
Free cash flow margin 2.8% 2.9% 7.6% 7.2% −1.2% n/a 5.4% 5.0% 12.1% 7.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow133.1Capital expenditure−55.3Free cash flow77.9Buybacks0.0Dividends paid−33.9Fiscal year 2018Operating cash flow153.0Capital expenditure−72.0Free cash flow81.0 +4.0%Buybacks−114.8Dividends paid−33.7Fiscal year 2019Operating cash flow307.6Capital expenditure−97.4Free cash flow210.2 +159.4%Buybacks−62.9Dividends paid−32.6Fiscal year 2020Operating cash flow316.3Capital expenditure−106.7Free cash flow209.6 −0.3%Buybacks−56.5Dividends paid−36.9Fiscal year 2021Operating cash flow65.9Capital expenditure−107.8Free cash flow−41.9 −120.0%Buybacks−26.1Dividends paid−41.4Fiscal year 2022Fiscal year 2022Operating cash flow326.3Capital expenditure−93.3Free cash flow233.0Buybacks−40.5Dividends paid−45.8Fiscal year 2023Operating cash flow306.8Capital expenditure−96.8Free cash flow210.0 −9.9%Buybacks−345.3Dividends paid−49.5Fiscal year 2024Operating cash flow572.7Capital expenditure−79.5Free cash flow493.2 +134.9%Buybacks−70.1Dividends paid−48.4Fiscal year 2025Operating cash flow456.5Capital expenditure−145.0Free cash flow311.4 −36.9%Buybacks−198.1Dividends paid−52.5
FY2017FY2018FY2019FY2020FY2021FY2022FY2022FY2023FY2024FY2025
Operating cash flow 133.1 153.0 307.6 316.3 65.9 n/a 326.3 306.8 572.7 456.5
Capital expenditure −55.3 −72.0 −97.4 −106.7 −107.8 n/a −93.3 −96.8 −79.5 −145.0
Free cash flow 77.9 81.0 210.2 209.6 −41.9 n/a 233.0 210.0 493.2 311.4
Growth +4.0% +159.4% −0.3% −120.0% −9.9% +134.9% −36.9%
Buybacks 0.0 −114.8 −62.9 −56.5 −26.1 n/a −40.5 −345.3 −70.1 −198.1
Dividends paid −33.9 −33.7 −32.6 −36.9 −41.4 n/a −45.8 −49.5 −48.4 −52.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash492.8Total debt754.9Net cash (debt)−262.0Shareholders’ equity1,112.8Debt to equity0.68Fiscal year 2018Cash313.2Total debt742.6Net cash (debt)−429.4Shareholders’ equity1,059.8Debt to equity0.70Fiscal year 2019Cash353.5Total debt765.7Net cash (debt)−412.2Shareholders’ equity1,144.3Debt to equity0.67Fiscal year 2020Cash400.7Total debt731.2Net cash (debt)−330.5Shareholders’ equity1,182.1Debt to equity0.62Fiscal year 2021Cash177.2Total debt952.0Net cash (debt)−774.7Shareholders’ equity1,386.8Debt to equity0.69Fiscal year 2022Cash185.4Total debt872.1Net cash (debt)−686.7Shareholders’ equity1,580.8Debt to equity0.55Fiscal year 2022Cash185.4Total debt872.1Net cash (debt)−686.7Shareholders’ equity1,580.8Debt to equity0.55Fiscal year 2023Cash203.0Total debt1,108.6Net cash (debt)−905.6Shareholders’ equity1,354.3Debt to equity0.82Fiscal year 2024Cash164.3Total debt730.6Net cash (debt)−566.3Shareholders’ equity1,542.1Debt to equity0.47Fiscal year 2025Cash187.1Total debt795.7Net cash (debt)−608.5Shareholders’ equity1,632.8Debt to equity0.49
FY2017FY2018FY2019FY2020FY2021FY2022FY2022FY2023FY2024FY2025
Cash 492.8 313.2 353.5 400.7 177.2 185.4 185.4 203.0 164.3 187.1
Total debt 754.9 742.6 765.7 731.2 952.0 872.1 872.1 1,108.6 730.6 795.7
Net cash (debt) −262.0 −429.4 −412.2 −330.5 −774.7 −686.7 −686.7 −905.6 −566.3 −608.5
Shareholders’ equity 1,112.8 1,059.8 1,144.3 1,182.1 1,386.8 1,580.8 1,580.8 1,354.3 1,542.1 1,632.8
Debt to equity 0.68 0.70 0.67 0.62 0.69 0.55 0.55 0.82 0.47 0.49

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 30 Dec 2017 FY2018 29 Dec 2018 FY2019 28 Dec 2019 FY2020 26 Dec 2020 FY2021 25 Dec 2021 FY2022 24 Dec 2022 FY2022 31 Dec 2022 FY2023 30 Dec 2023 FY2024 28 Dec 2024 FY2025 27 Dec 2025
Margins
26.0% 24.8% 24.2% 24.7% 26.4% 25.2% n/a 25.9% 29.6% 30.5% 30.2%
9.7% 9.7% 7.7% 8.2% 7.8% 8.2% 10.0% 10.0% 7.0% 12.9% 10.1%
8.7% 8.3% 5.6% 7.2% 6.7% 7.4% n/a 8.4% 5.7% 11.5% 9.2%
7.1% 4.5% 3.9% 5.5% 4.9% 5.6% n/a 5.8% 3.6% 8.5% 8.5%
6.9% 2.8% 2.9% 7.6% 7.2% −1.2% n/a 5.4% 5.0% 12.1% 7.6%
Spending
0.3% 0.4% 0.4% 0.5% 0.7% 1.1% n/a 1.1% 1.3% 1.4% 0.8%
16.3% 15.1% 16.0% 16.4% 18.1% 16.9% n/a 15.9% 18.4% 17.6% 17.5%
2.3% 2.0% 2.6% 3.5% 3.7% 3.1% n/a 2.1% 2.3% 1.9% 3.5%
19.1% 46.5% 29.7% 23.9% 25.7% 23.6% n/a 29.9% 38.1% 25.2% 6.3%
Returns
18.9% 11.0% 10.2% 13.3% 12.0% 14.1% n/a 15.9% 11.1% 22.6% 21.5%
7.5% 4.7% 4.2% 5.4% 4.8% 5.7% n/a 7.1% 4.3% 10.5% 10.4%
Balance and payout
0.80 0.68 0.70 0.67 0.62 0.69 0.55 0.55 0.82 0.47 0.49
n/a n/a n/a n/a n/a n/a 53.8% 53.8% 59.2% 52.1% 51.3%
19.1% 27.7% 31.3% 21.5% 26.0% 21.2% n/a 18.3% 32.8% 13.9% 15.0%
50.2% 43.5% 183.3% 45.5% 44.6% n/a n/a 37.0% 188.0% 24.0% 80.5%