Valmont Industries, Inc. (VMI) Income Statement
VMI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVMI revenue and net income
Where VMI's revenue goes
2025Each bar shows an amount and its share of revenue. VMI kept 8.5% of revenue as net income.
VMI profit margins
VMI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.7% | −1.9% | +7.2% | +4.6% |
| Gross profit | −0.1% | +3.3% | +10.1% | +7.2% |
| Operating income | −0.4% | +6.4% | +18.2% | +14.8% |
| Net income | +0.6% | +11.8% | +20.0% | +24.2% |
| EPS (diluted) | +12.2% | +11.4% | +18.5% | +13.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VMI quarterly EPS vs estimates
Valmont Industries beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 20, 2026 (estimate $5.71).
VMI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.10B | $4.08B | $4.17B | $4.35B | $3.50B | $2.90B | $2.77B | $2.76B | $2.75B | $2.52B |
| Cost of revenue | $2.86B | $2.83B | $2.94B | $3.22B | $2.62B | $2.13B | $2.08B | $2.09B | $2.06B | $1.87B |
| Gross profit | $1.24B | $1.24B | $1.24B | $1.13B | $883.9M | $765.5M | $682.7M | $668.2M | $681.8M | $656.2M |
| Research & development | — | $59.0M | $55.0M | $46.0M | $37.0M | $21.4M | $13.9M | $11.5M | $11.6M | $8.3M |
| Sales, general & admin | $717.6M | $716.6M | $768.4M | $693.0M | $590.6M | $522.9M | $440.9M | $428.7M | $403.1M | $412.7M |
| Total operating expenses | $717.6M | $716.6M | $944.5M | $693.0M | $597.1M | $539.6M | $454.8M | $456.0M | $414.7M | $410.9M |
| Operating income | $522.3M | $524.6M | $291.6M | $433.2M | $286.8M | $226.0M | $227.9M | $212.2M | $267.1M | $245.4M |
| Interest income | $28.8M | $7.2M | $6.2M | $2.0M | $39.5M | $2.4M | $3.9M | $4.7M | $4.7M | $3.1M |
| Interest expense | $40.5M | $58.7M | $56.8M | $47.5M | $42.6M | $41.1M | $40.2M | $44.2M | $44.6M | $44.4M |
| Income before taxes | $377.6M | $468.7M | $235.0M | $362.9M | $259.1M | $191.8M | $199.9M | $153.3M | $228.5M | $220.5M |
| Income taxes | $23.9M | $118.0M | $90.1M | $108.7M | $61.4M | $49.6M | $47.8M | $43.1M | $106.1M | $42.1M |
| Net income | $350.3M | $348.3M | $143.5M | $250.9M | $195.6M | $140.7M | $146.4M | $94.4M | $116.2M | $173.2M |
| EBITDA | $506.6M | $622.8M | $392.0M | $508.6M | $395.3M | $316.7M | $322.3M | $280.4M | $358.1M | $347.3M |
| EPS (diluted) | $19.10 | $17.03 | $15.28 | $13.83 | $10.93 | $8.18 | $7.07 | $7.54 | $6.96 | $6.43 |
| Gross margin | 30.2% | 30.5% | 29.6% | 25.9% | 25.2% | 26.4% | 24.7% | 24.2% | 24.8% | 26.0% |
| Operating margin | 12.7% | 12.9% | 7.0% | 10.0% | 8.2% | 7.8% | 8.2% | 7.7% | 9.7% | 9.7% |
| Net margin | 8.5% | 8.5% | 3.4% | 5.8% | 5.6% | 4.9% | 5.3% | 3.4% | 4.2% | 6.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | $1.03B | $1.04B | $1.05B | $1.05B | $969.3M | $1.04B | $1.02B | $1.04B | $977.8M | $1.02B | $1.05B |
| Cost of revenue | $777.9M | $712.3M | $728.8M | $727.7M | $729.4M | $678.2M | $724.3M | $718.5M | $719.5M | $671.6M | $732.6M | $735.2M |
| Gross profit | $340.8M | $316.9M | $309.4M | $318.2M | $321.2M | $291.1M | $313.0M | $301.7M | $320.3M | $306.2M | $282.9M | $315.1M |
| Research & development | — | — | — | — | — | — | — | — | — | — | $55.0M | — |
| Sales, general & admin | $174.7M | $161.3M | $186.4M | $176.8M | $191.7M | $162.8M | $193.0M | $176.0M | $173.0M | $174.7M | $188.4M | $194.3M |
| Total operating expenses | $174.7M | $161.3M | $186.4M | $176.8M | $291.9M | $162.8M | $193.0M | $176.0M | $173.0M | $174.7M | $219.4M | $339.3M |
| Operating income | $166.1M | $155.6M | $123.0M | $141.5M | $29.3M | $128.3M | $120.0M | $125.7M | $147.3M | $131.6M | $63.5M | −$24.2M |
| Interest income | $1.3M | $1.4M | $7.7M | $1.6M | $6.6M | $3.4M | $1.8M | $2.1M | $1.5M | $1.8M | $1.7M | $3.2M |
| Interest expense | $9.4M | $9.4M | $10.1M | $9.7M | $10.5M | $10.1M | $12.3M | $14.3M | $15.8M | $16.2M | $15.3M | $13.5M |
| Income before taxes | $162.5M | $145.1M | $109.6M | $131.5M | $19.0M | $117.5M | $105.7M | $112.4M | $132.2M | $118.4M | $45.0M | −$34.9M |
| Income taxes | $42.0M | $37.1M | −$59.6M | $30.4M | $22.3M | $30.8M | $27.2M | $29.7M | $31.1M | $30.0M | $10.9M | $15.5M |
| Net income | $119.9M | $108.0M | $168.0M | $99.0M | −$30.3M | $87.3M | $77.7M | $83.1M | $99.7M | $87.8M | $28.6M | −$49.0M |
| EBITDA | $171.9M | $177.2M | $142.8M | $162.9M | $51.8M | $149.7M | $142.8M | $150.7M | $171.1M | $158.2M | $85.5M | $3.7M |
| EPS (diluted) | $6.14 | $5.51 | $4.92 | $4.98 | $4.88 | $4.32 | $3.84 | $4.11 | $4.76 | $4.32 | $3.18 | $4.12 |
| Gross margin | 30.5% | 30.8% | 29.8% | 30.4% | 30.6% | 30.0% | 30.2% | 29.6% | 30.8% | 31.3% | 27.9% | 30.0% |
| Operating margin | 14.8% | 15.1% | 11.9% | 13.5% | 2.8% | 13.2% | 11.6% | 12.3% | 14.2% | 13.5% | 6.3% | −2.3% |
| Net margin | 10.7% | 10.5% | 16.2% | 9.5% | −2.9% | 9.0% | 7.5% | 8.1% | 9.6% | 9.0% | 2.8% | −4.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VMI's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VMI financial results
In fiscal year 2025 (ended December 31, 2025), Valmont Industries reported revenue of $4.1 billion, up 0.7% from the year before. It had net income of $350.3 million (up 0.6%), a net profit margin of 8.5%. Diluted earnings per share came to $19.10. Over five years revenue grew at an average rate of 7.2% a year.
See the VMI stock overview for the latest quote and news, or the VMI chart for price history and technical indicators.
VMI income statement FAQ
What is Valmont Industries's annual revenue?
Valmont Industries reported total revenue of $4.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 0.7% from $4.1 billion the previous year.
Is Valmont Industries profitable?
Yes. Valmont Industries reported net income of $350.3 million in fiscal 2025, a net profit margin of 8.5%; its operating margin was 12.7%.
What is Valmont Industries's gross margin?
Valmont Industries's gross margin was 30.2% in fiscal 2025: for every $100 of revenue, Valmont Industries kept $30 after the direct cost of its products and services.
How fast is Valmont Industries growing?
Revenue grew 7.2% a year on average over the last five fiscal years, from $2.9 billion to $4.1 billion.
What are Valmont Industries's earnings per share?
Valmont Industries earned $19.10 per diluted share in fiscal 2025, compared with $17.03 a year earlier.
When will Valmont Industries report its next earnings?
Valmont Industries is expected to report results for the quarter ending September 30, 2026 on October 20, 2026 before the market opens.
When does Valmont Industries's fiscal year end?
Valmont Industries's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.