Is the business good?
How good a business is VMI?
Valmont Industries, Inc. earns 15% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
15%
Return on invested capital · cost of capital 9.0% · 6.2 points above what the capital costs: growth creates value
- Operating margin
- 11%
Operating margin · Conglomerates median 12% · 12 months to Q1 2026
- Cash conversion
- 0.92×
Cash conversion · 1.49× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −2.9%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 7.8% |
| FY2021 | 8.2% |
| FY2022 | 10.0% |
| FY2023 | 7.0% |
| FY2024 | 13% |
| FY2025 | 10% |
Details›
- Gross margin12 months to Q1 2026
- 30%
- Operating margin12 months to Q1 2026
- 11%
- Net margin12 months to Q1 2026
- 9.0%
- Free cash flow margin
- 8.3%
- Revenue, trailing twelve months
- $4.16B
- Free cash flow, trailing twelve months
- $346M
- Net income, trailing twelve months
- $375M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 15%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.