Valmont Industries (VMI)
Market Price (12/28/2025): $412.72 | Market Cap: $8.1 BilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Valmont Industries (VMI)
Market Price (12/28/2025): $412.72Market Cap: $8.1 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% | Trading close to highsDist 52W High is -3.4%, Dist 3Y High is -3.4% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5% |
| Attractive yieldFCF Yield is 5.0% | Weak multi-year price returns3Y Excs Rtn is -52% | Key risksVMI key risks include [1] significant margin pressure from volatile steel prices, Show more. |
| Low stock price volatilityVol 12M is 35% | ||
| Megatrend and thematic driversMegatrends include Water Infrastructure, 5G & Advanced Connectivity, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Attractive yieldFCF Yield is 5.0% |
| Low stock price volatilityVol 12M is 35% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, 5G & Advanced Connectivity, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Show more. |
| Trading close to highsDist 52W High is -3.4%, Dist 3Y High is -3.4% |
| Weak multi-year price returns3Y Excs Rtn is -52% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5% |
| Key risksVMI key risks include [1] significant margin pressure from volatile steel prices, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are the key points explaining the stock movement of Valmont Industries (VMI) for the approximate time period from August 31, 2025, to December 28, 2025:
<b>1. Strong Q3 2025 Earnings Beat:</b> Valmont Industries reported robust third-quarter 2025 financial results on October 21, 2025, significantly exceeding analyst expectations. The company announced diluted earnings per share (EPS) of $4.98, representing a 21.2% increase year-over-year, and comfortably surpassing the consensus estimate of $4.64. Net sales also rose by 2.5% to $1.05 billion, beating analyst forecasts.
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<b>2. Raised Full-Year 2025 Guidance:</b> Following the impressive third-quarter performance, Valmont Industries raised its full-year 2025 adjusted diluted earnings per share outlook. The new guidance range was set between $18.70 and $19.50, an increase from its previous outlook of $17.50 to $19.50, signaling management's confidence in sustained strong performance.
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<b>3. Robust Infrastructure Segment Performance:</b> The company's Infrastructure segment, which constitutes a significant portion of its sales, demonstrated solid growth during the quarter. Sales in this segment increased by 6.6% year-over-year to $808.3 million, driven primarily by strong demand in the utility market, which saw a 12.3% growth in sales, along with increased telecommunications sales and improvements in factory throughput and capacity expansion in North America. This strong performance in infrastructure helped offset declines in the agriculture and solar segments.
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<b>4. Increased Backlog:</b> Valmont Industries reported a significant increase in its backlog, which grew by $293.2 million, or 20.4%, since the end of 2024. This growth was mainly attributed to the continued strong demand within the utility market, providing a positive indicator for future revenue and sustained business activity.
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<b>5. Positive Analyst Sentiment and Price Target Increases:</b> Following the strong Q3 earnings report and updated guidance, several financial analysts reiterated or upgraded their ratings for Valmont Industries and increased their price targets. For example, Stifel Nicolaus raised its target price for Valmont Industries multiple times, reaching $491.00 by December 16, 2025. This positive re-evaluation by analysts reflected an optimistic outlook on the company's future prospects. The average analyst price target of $462.00 represented a forecasted upside of 11.89% from the stock's closing price of $412.92 on December 26, 2025.
Show moreStock Movement Drivers
Fundamental Drivers
The 7.3% change in VMI stock from 9/27/2025 to 12/27/2025 was primarily driven by a 6.7% change in the company's Net Income Margin (%).| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 384.24 | 412.20 | 7.28% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 4077.33 | 4103.14 | 0.63% |
| Net Income Margin (%) | 5.34% | 5.70% | 6.66% |
| P/E Multiple | 34.96 | 34.81 | -0.42% |
| Shares Outstanding (Mil) | 19.81 | 19.74 | 0.37% |
| Cumulative Contribution | 7.27% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VMI | 7.3% | |
| Market (SPY) | 4.3% | 74.1% |
| Sector (XLI) | 3.0% | 83.2% |
Fundamental Drivers
The 23.9% change in VMI stock from 6/28/2025 to 12/27/2025 was primarily driven by a 81.5% change in the company's P/E Multiple.| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 332.69 | 412.20 | 23.90% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 4066.52 | 4103.14 | 0.90% |
| Net Income Margin (%) | 8.55% | 5.70% | -33.39% |
| P/E Multiple | 19.18 | 34.81 | 81.49% |
| Shares Outstanding (Mil) | 20.05 | 19.74 | 1.55% |
| Cumulative Contribution | 23.87% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VMI | 23.9% | |
| Market (SPY) | 12.6% | 60.8% |
| Sector (XLI) | 7.5% | 70.7% |
Fundamental Drivers
The 35.5% change in VMI stock from 12/27/2024 to 12/27/2025 was primarily driven by a 70.4% change in the company's P/E Multiple.| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 304.15 | 412.20 | 35.52% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 4053.27 | 4103.14 | 1.23% |
| Net Income Margin (%) | 7.38% | 5.70% | -22.85% |
| P/E Multiple | 20.43 | 34.81 | 70.44% |
| Shares Outstanding (Mil) | 20.09 | 19.74 | 1.77% |
| Cumulative Contribution | 35.48% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VMI | 35.5% | |
| Market (SPY) | 17.0% | 57.3% |
| Sector (XLI) | 19.2% | 64.3% |
Fundamental Drivers
The 27.5% change in VMI stock from 12/28/2022 to 12/27/2025 was primarily driven by a 19.8% change in the company's P/E Multiple.| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 323.34 | 412.20 | 27.48% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 4177.01 | 4103.14 | -1.77% |
| Net Income Margin (%) | 5.68% | 5.70% | 0.21% |
| P/E Multiple | 29.06 | 34.81 | 19.82% |
| Shares Outstanding (Mil) | 21.33 | 19.74 | 7.48% |
| Cumulative Contribution | 26.77% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| VMI | 79.1% | |
| Market (SPY) | 48.0% | 47.5% |
| Sector (XLI) | 41.2% | 57.5% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VMI Return | 19% | 44% | 33% | -29% | 33% | 37% | 195% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| VMI Win Rate | 58% | 83% | 58% | 33% | 58% | 83% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| VMI Max Drawdown | -42% | -1% | -17% | -43% | -12% | -14% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See VMI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | VMI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -45.6% | -25.4% |
| % Gain to Breakeven | 83.8% | 34.1% |
| Time to Breakeven | 376 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -44.1% | -33.9% |
| % Gain to Breakeven | 78.8% | 51.3% |
| Time to Breakeven | 238 days | 148 days |
| 2018 Correction | ||
| % Loss | -39.7% | -19.8% |
| % Gain to Breakeven | 65.9% | 24.7% |
| Time to Breakeven | 722 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -68.0% | -56.8% |
| % Gain to Breakeven | 212.5% | 131.3% |
| Time to Breakeven | 1,239 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Valmont Industries's stock fell -45.6% during the 2022 Inflation Shock from a high on 12/2/2022. A -45.6% loss requires a 83.8% gain to breakeven.
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Valmont Industries, Inc. produces and sells fabricated metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products. The Utility Support Structures segment manufactures engineered steel and concrete pole structures for utility transmission, distribution, substations, and renewable energy generation equipment; and inspection services. The Coatings segment provides hot-dipped galvanizing, anodizing, and powder coating services to preserve and protect metal products. The Irrigation segment manufactures and distributes mechanical irrigation equipment, and related parts and services under the Valley brand name for the agricultural industry; and tubular products for industrial customers. This segment also provides water management solutions and technology for precision agriculture. The company serves municipalities and government entities, commercial lighting fixtures manufacturing companies, contractors, telecommunications and utility companies, and large farms, as well as the general manufacturing sector. Valmont Industries, Inc. was founded in 1946 and is headquartered in Omaha, Nebraska.
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Here are 1-3 brief analogies to describe Valmont Industries (VMI):
- John Deere for large-scale farm irrigation systems.
- A specialized Siemens or ABB for utility poles and essential physical infrastructure.
AI Analysis | Feedback
Here are the major products of Valmont Industries:- Utility Structures: Manufactures steel structures for utility transmission, distribution, and substations.
- Lighting & Traffic Structures: Produces poles and structures for street lighting, traffic control, and municipal applications.
- Communication Structures: Designs and fabricates communication towers and poles for wireless networks.
- Irrigation Equipment: Manufactures mechanized irrigation systems, primarily center pivot and linear move systems, for agriculture under the Valley brand.
- Coatings: Provides galvanizing and other coating services to protect steel and metal products from corrosion.
AI Analysis | Feedback
Valmont Industries (VMI) primarily sells its engineered products and services to other companies and governmental entities (Business-to-Business, or B2B).
The company's 2023 Annual Report on Form 10-K states that no single customer accounted for more than 10% of its net sales in 2023, 2022, or 2021. This indicates that Valmont has a diversified customer base and does not rely on a few dominant major customers, and therefore does not publicly disclose individual customer names.
However, based on its product segments, Valmont's customer base typically includes the following categories of companies:
- Electric Utilities and Infrastructure Providers: Companies that own and operate power transmission and distribution networks, or develop large-scale infrastructure projects. These are significant purchasers of Valmont's utility structures, poles, and related components.
- Telecommunication Companies: Providers of wireless and wireline communication services that utilize Valmont's communication structures and towers for network expansion and maintenance.
- Agricultural Equipment Dealers and Large Growers: Independent dealers who distribute Valmont's irrigation systems to farmers, and large-scale agricultural enterprises that purchase directly. These customers are primarily private companies or agricultural cooperatives, and specific names of major customers in this category are not publicly available.
- Original Equipment Manufacturers (OEMs), Industrial, and Construction Companies: Businesses across various industries that incorporate Valmont's tubing, fabricated tube products, and coated materials (e.g., galvanized components) into their own products, infrastructure, or construction projects. This is a very broad category, and specific public companies are not publicly identified as major customers by Valmont.
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Avner M. Applbaum, President & Chief Executive Officer
Avner M. Applbaum became President and Chief Executive Officer of Valmont in 2023, after joining the company in 2020 as Executive Vice President and Chief Financial Officer. Prior to Valmont, Mr. Applbaum held multiple CFO roles at private-equity-backed companies and also spent over 15 years in senior financial and operational positions at publicly traded manufacturers, including Ametek, Belden, and TE Connectivity (formerly Tyco Electronics). He began his career at Ernst & Young.
Thomas Liguori, Executive Vice President, Chief Financial Officer
Thomas Liguori joined Valmont as Executive Vice President and Chief Financial Officer in 2024, overseeing the company's global finance and accounting functions. He brings over three decades of financial leadership experience in public companies, having served as CFO for six public companies, including Avnet, a Fortune 200 semiconductor distributor. Before Valmont, he was also the CFO of Fortna LLC, a private-equity-backed company.
Darryl Matthews, Group President, Agriculture
Darryl Matthews is the Group President of Agriculture at Valmont, where he is responsible for leading the strategic direction of the company's Agriculture segment. His role involves advancing the Valley Irrigation brand, fostering strong dealer and customer partnerships, and integrating technology to drive agricultural productivity.
Chris Colwell, President, Infrastructure
Chris Colwell serves as the President of Infrastructure at Valmont.
Greg Turi, President, Infrastructure
Greg Turi is the President of Infrastructure at Valmont, leading the company's Telecom and international infrastructure businesses. He joined Valmont in 2010 and has since held various commercial and operational leadership positions within the company, including General Manager and Vice President roles in sales and international utility.
AI Analysis | Feedback
Valmont Industries (VMI) faces several key risks to its business operations and financial performance. The most significant risk is theVolatility in Raw Material Prices
. Valmont's manufacturing processes are heavily reliant on hot rolled steel coil and other carbon steel products, which constitute approximately one-third of its manufacturing costs. The prices of these raw materials are highly competitive and can be volatile, potentially increasing operating costs and reducing profitability. While Valmont aims to mitigate this by passing through raw material costs to customers, particularly in its long-cycle Utility and Telecommunications businesses, there remains an inherent exposure to these price fluctuations. Another important risk stems from theCyclical Nature of End Markets and Intense Industry Competition
. Valmont's products are sold to industries that are inherently cyclical, such as electric utilities, wireless communications, construction, and agriculture. These industries have experienced significant downturns in the past, and future downturns could adversely impact Valmont's sales. For instance, utilities may defer purchases due to unfavorable regulatory environments, slow economic conditions, or financing constraints, and the wireless communications industry has also shown historical cyclicality in spending. Intense competition within these markets can also pressure profit margins and limit the company's ability to maintain or increase market share. Finally, Valmont Industries is exposed toGlobal Market Dependence and Geopolitical Risks
. With extensive international operations, the company is susceptible to risks associated with geopolitical tensions, currency fluctuations, and varying economic conditions across different regions. Changes in foreign markets can directly impact Valmont's revenue and overall profitability.AI Analysis | Feedback
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Valmont Industries (VMI) operates in two main segments: Infrastructure and Agriculture, each with several key product and service areas. The addressable markets for these offerings are detailed below:
Infrastructure Segment
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Utility Structures (for electrical transmission, substation, and distribution):
- The global utility poles market was valued at approximately USD 43.75 billion in 2024 and is projected to reach USD 65.86 billion by 2033, growing at a compound annual growth rate (CAGR) of 4.65% from 2025 to 2033. North America is the highest shareholder in this market.
- The North America utility poles market generated USD 12,152.9 million in revenue in 2023 and is expected to reach US$ 14,395.9 million by 2030, with a CAGR of 2.4% from 2024 to 2030.
- The North America utility transmission pole market was valued at USD 2.86 billion in 2024 and is projected to grow to USD 4.15 billion by 2032, exhibiting a CAGR of 4.65%.
- The North America Energy and Utilities Construction market size was estimated at USD 54,098.08 million in 2024, representing over 40% of the global revenue, and is projected to grow at a CAGR of 6.1% from 2024 to 2031.
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Lighting and Transportation Structures (lighting poles, traffic signals, area lighting):
- The global lighting street pole market size was approximately USD 10 billion in 2023 and is projected to reach USD 16 billion by 2032, with a CAGR of 5.5%.
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Telecommunications Structures (towers, small cell structures):
- The global telecom tower market size was valued at USD 79.97 billion in 2024 and is projected to reach USD 231.02 billion by 2032, growing at a CAGR of 14.18%. North America is the largest market, holding approximately 40% of the global market share in 2024.
- The global telecom network infrastructure market was estimated at USD 99.48 billion in 2023 and is projected to reach USD 182.1 billion by 2033, exhibiting a CAGR of 6.23% from 2024 to 2033. North America held a dominant market position in 2023, capturing over 38% market share with revenues totaling USD 37.8 billion.
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Solar Structures (solar single-axis tracker products):
- The global solar tracker market size was valued at USD 50.1 billion in 2024 and is anticipated to grow to USD 111.4 billion in 2034, at a CAGR of 8.5%. North America dominates this market, holding over 32.0% market share in 2024.
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Coatings Services (galvanizing, anodizing, painting, and powder coating):
- The global industrial coatings market size was estimated at USD 93.63 billion in 2024 and is projected to reach USD 116.68 billion by 2030, growing at a CAGR of 3.8%. Asia Pacific dominated this market with the largest revenue share of 41.9% in 2024.
- The global protective coatings market was valued at USD 16.04 billion in 2024 and is projected to reach USD 28.12 billion by 2032, exhibiting a CAGR of 7.3%. Asia Pacific dominated the protective coatings market with a 44.38% share in 2023.
Agriculture Segment
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Irrigation Equipment (center pivot and linear irrigation equipment, components):
- The global irrigation equipment market size is projected to grow from USD 7.31 billion in 2024 to USD 11.44 billion in 2029, at a CAGR of 9.3%. North America was the largest region in the irrigation equipment market in 2024.
- The global irrigation equipment market is projected to reach $15.75 billion by 2031, at a CAGR of 9.3% from 2024 to 2031.
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Ag Tech / Precision Agriculture (technology solutions for precision agriculture, irrigation automation):
- The global precision irrigation market is projected to expand from USD 4.18 billion in 2024 to reach USD 6.29 billion by 2029, at a CAGR of 8.5%. The Asia Pacific region is expected to witness the fastest growth rate in this market.
- The global irrigation automation market size was estimated at USD 5,524.8 million in 2024 and is projected to reach USD 17,674.6 million by 2030, growing at a CAGR of 21.9%. Asia Pacific dominated this market with a revenue share of 28.9% in 2024.
AI Analysis | Feedback
Valmont Industries (VMI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Robust U.S. Utility Investment Cycle and Grid Modernization: Valmont is strategically positioned to benefit from a multi-year investment cycle in the U.S. utility sector. This growth is fueled by the need for increased grid resiliency and reliability, rising power load demands from electrification (including electric vehicles and data centers), and favorable government policies supporting the energy transition. The company is actively expanding its capacity, particularly in North America, to meet the sustained demand for engineered structures in transmission, distribution, and substations.
- Strong 5G Telecommunications Infrastructure Build-out: The ongoing deployment of 5G networks and fixed wireless rollouts by major carriers is a significant driver for Valmont's Infrastructure segment. The company has seen strong sales growth in its telecommunications business due to its well-aligned products and increased carrier spending in a stabilizing North American market.
- International Agriculture Market Strength and Technology Adoption: Despite some softness in the North American agriculture market, Valmont anticipates growth in its international agriculture segment, especially in regions like EMEA (Europe, Middle East, and Africa) and Brazil. This growth is driven by the global need for food security amidst population growth. Additionally, Valmont is leveraging technology, such as its e-commerce platform for aftermarket parts sales and the AgSense 365 app, to enhance irrigation management and drive growth in this segment.
- Strategic Capacity Expansion and Operational Efficiency: Valmont is making strategic capital investments to expand its utility production capacity and improve factory throughput. These investments, including projects at facilities in Brenham, Texas, and Tulsa, Oklahoma, are aimed at meeting customer demand, enhancing operational efficiency, and supporting future volume growth in revenue. The company is also focusing on improving its global cost structure and leveraging pricing discipline and a favorable product mix.
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Share Repurchases
- Valmont Industries authorized a new share repurchase program of up to $700 million in February 2025, adding to approximately $66 million remaining from a prior authorization as of December 28, 2024.
- In 2024, the company returned approximately $118 million to shareholders through dividends and share repurchases, including the completion of a $120 million Accelerated Share Repurchase (ASR) program initiated in late 2023.
- Since February 28, 2023, Valmont Industries repurchased approximately $399.97 million worth of shares.
Share Issuance
- Valmont Industries' policy is to issue shares upon the exercise of stock options or the vesting of restricted stock units from treasury shares held by the company.
Outbound Investments
- In August 2023, Valmont acquired HR Products, a leading wholesale supplier of irrigation parts in Australia, for approximately $36.465 million in cash.
- In June 2022, the company acquired approximately 51% of ConcealFab, Inc. for $39.287 million in cash, aiming to integrate innovative 5G infrastructure and passive intermodulation mitigation solutions.
- In fiscal 2021, Valmont acquired Prospera Technologies, Ltd., a provider of artificial intelligence and machine learning solutions for agronomic monitoring, to expand its technology capabilities for irrigation optimization and predictive analytics.
Capital Expenditures
- Valmont Industries invested approximately $79 million in capital expenditures in 2024, primarily focused on enhancing capacity and manufacturing capabilities in its Infrastructure business.
- For fiscal year 2025, the company's capital expenditures guidance is projected to be between $140 million and $160 million.
- Capital expenditures totaled $96.8 million in fiscal 2023 and $93.3 million in fiscal 2022.
Latest Trefis Analyses
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Trade Ideas
Select ideas related to VMI. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.3% | 18.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.5% | 5.5% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 7.1% | 7.1% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 5.7% | 5.7% | -0.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Valmont Industries
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 175.78 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 15.2% |
| Op Mgn 3Y Avg | 14.2% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 16.9% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 14.0% |
| FCF/Rev 3Y Avg | 13.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 158.8 |
| P/S | 3.2 |
| P/EBIT | 21.2 |
| P/E | 35.4 |
| P/CFO | 18.1 |
| Total Yield | 4.1% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.9% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.7% |
| 3M Rtn | 7.2% |
| 6M Rtn | 19.6% |
| 12M Rtn | 25.3% |
| 3Y Rtn | 76.2% |
| 1M Excs Rtn | -1.6% |
| 3M Excs Rtn | 2.9% |
| 6M Excs Rtn | 7.3% |
| 12M Excs Rtn | 9.1% |
| 3Y Excs Rtn | -6.2% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Infrastructure | 3,000 | 2,910 | 2,362 | ||
| Agriculture | 1,175 | 1,335 | 1,017 | ||
| Other | 100 | 123 | |||
| Coatings | 270 | 301 | |||
| Engineered Support Structures | 984 | 1,002 | |||
| Irrigation | 640 | 579 | |||
| Utility Support Structures | 1,002 | 886 | |||
| Total | 4,175 | 4,345 | 3,502 | 2,895 | 2,767 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Infrastructure | 396 | 354 | 274 | ||
| Agriculture | 17 | 179 | 137 | ||
| Unallocated corporate expenses | -122 | -103 | -84 | -66 | -48 |
| Other | 2 | -40 | |||
| Coatings | 43 | 51 | |||
| Engineered Support Structures | 65 | 66 | |||
| Irrigation | 83 | 72 | |||
| Utility Support Structures | 101 | 88 | |||
| Total | 292 | 433 | 287 | 226 | 228 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Infrastructure | 2,249 | 2,268 | 2,103 | ||
| Agriculture | 979 | 1,113 | 1,027 | ||
| Unallocated corporate expenses | 250 | 177 | 250 | 417 | 410 |
| Other | 0 | 68 | |||
| Coatings | 361 | 363 | |||
| Engineered Support Structures | 933 | 944 | |||
| Irrigation | 465 | 348 | |||
| Utility Support Structures | 778 | 742 | |||
| Total | 3,477 | 3,557 | 3,447 | 2,953 | 2,807 |
Price Behavior
Price Behavior
| Market Price | $412.20 | |
| Market Cap ($ Bil) | 8.1 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -3.4% | |
| 50 Days | 200 Days | |
| DMA Price | $408.17 | $354.40 |
| DMA Trend | up | up |
| Distance from DMA | 1.0% | 16.3% |
| 3M | 1YR | |
| Volatility | 23.6% | 35.5% |
| Downside Capture | 162.09 | 116.61 |
| Upside Capture | 163.57 | 128.73 |
| Correlation (SPY) | 70.0% | 57.4% |
VMI Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.41 | 1.32 | 1.44 | 1.35 | 1.04 | 1.00 |
| Up Beta | 1.27 | 0.83 | 1.23 | 1.27 | 0.94 | 0.96 |
| Down Beta | 1.77 | 1.25 | 0.97 | 1.14 | 0.96 | 0.95 |
| Up Capture | 136% | 165% | 193% | 172% | 136% | 92% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 10 | 24 | 36 | 66 | 121 | 376 |
| Down Capture | 141% | 137% | 158% | 133% | 111% | 103% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 10 | 18 | 27 | 60 | 128 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of VMI With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| VMI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 35.1% | 19.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 35.3% | 18.8% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.90 | 0.80 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 64.4% | 57.3% | 6.4% | 23.3% | 45.8% | 29.8% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of VMI With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| VMI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 19.7% | 13.8% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 32.1% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.62 | 0.65 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 61.2% | 50.6% | 6.1% | 19.0% | 40.8% | 24.0% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of VMI With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| VMI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 16.1% | 13.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 31.0% | 19.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.55 | 0.60 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 63.4% | 56.9% | 1.6% | 26.2% | 43.7% | 17.3% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/21/2025 | 1.4% | 1.5% | -5.4% |
| 7/22/2025 | 6.5% | 7.8% | 12.7% |
| 2/18/2025 | 17.5% | 6.9% | 0.5% |
| 10/23/2024 | -1.5% | -3.1% | 4.0% |
| 7/25/2024 | 1.0% | -2.5% | -3.6% |
| 5/2/2024 | 0.7% | 4.5% | 2.1% |
| 2/22/2024 | -0.0% | -3.3% | 0.6% |
| 10/26/2023 | -5.1% | 0.5% | 4.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 15 |
| # Negative | 7 | 8 | 4 |
| Median Positive | 1.4% | 4.5% | 4.1% |
| Median Negative | -0.5% | -2.8% | -5.3% |
| Max Positive | 17.5% | 9.3% | 13.7% |
| Max Negative | -5.1% | -12.2% | -31.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10282025 | 10-Q 9/27/2025 |
| 6302025 | 7312025 | 10-Q 6/28/2025 |
| 3312025 | 4302025 | 10-Q 3/29/2025 |
| 12312024 | 2252025 | 10-K 12/28/2024 |
| 9302024 | 10302024 | 10-Q 9/28/2024 |
| 6302024 | 7312024 | 10-Q 6/29/2024 |
| 3312024 | 5082024 | 10-Q 3/30/2024 |
| 12312023 | 2282024 | 10-K 12/30/2023 |
| 9302023 | 11062023 | 10-Q 9/30/2023 |
| 6302023 | 8012023 | 10-Q 7/1/2023 |
| 3312023 | 4262023 | 10-Q 4/1/2023 |
| 12312022 | 3012023 | 10-K 12/31/2022 |
| 9302022 | 11022022 | 10-Q 9/24/2022 |
| 6302022 | 7272022 | 10-Q 6/25/2022 |
| 3312022 | 4272022 | 10-Q 3/26/2022 |
| 12312021 | 2232022 | 10-K 12/25/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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