Valmont Industries, Inc. (VMI) Key Metrics
VMI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $8.63B
- Enterprise value
- $9.83B
- P/E (TTM)
- 17.4 10-yr median 26.5
- Forward P/E
- 18.3
- PEG ratio
- 0.96
- Price / sales
- 2.0 10-yr median 1.3
- Price / book
- 5.3 10-yr median 3.5
- EV / EBITDA
- 14.5 10-yr median 12.5
- Dividend yield
- 0.69% $3.08 a year
- Beta
- 1.35
VMI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVMI valuation Price multiples at each fiscal year-end price.
VMI returns How much profit the business earns on the capital it uses.
VMI per-share figures Results divided by the shares outstanding at year-end.
VMI financial health Debt, liquidity and how easily interest is covered.
VMI efficiency & capital use Working capital cycle and where the cash goes.
VMI valuation history
VMI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VMI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VMI cash returned to shareholders
VMI price vs earnings per share
VMI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.02B | $6.21B | $4.94B | $7.14B | $5.38B | $3.75B | $3.26B | $2.49B | $3.77B | $3.20B |
| Enterprise value | $8.76B | $6.92B | $6.01B | $7.98B | $6.32B | $4.19B | $3.78B | $2.93B | $4.03B | $3.56B |
| P/E ratio | 22.9 | 17.8 | 34.4 | 28.4 | 27.5 | 26.6 | 22.3 | 26.4 | 32.4 | 18.5 |
| Price / sales | 2.0 | 1.5 | 1.2 | 1.6 | 1.5 | 1.3 | 1.2 | 0.9 | 1.4 | 1.3 |
| Price / book | 4.9 | 4.0 | 3.6 | 4.5 | 3.9 | 3.2 | 2.8 | 2.3 | 3.4 | 3.4 |
| Price / free cash flow | 25.8 | 12.6 | 23.5 | 30.6 | — | 17.9 | 15.5 | 30.7 | 41.7 | 19.8 |
| Price / operating cash flow | 17.6 | 10.8 | 16.1 | 21.9 | 81.7 | 11.8 | 10.6 | 16.3 | 25.9 | 14.6 |
| EV / sales | 2.1 | 1.7 | 1.4 | 1.8 | 1.8 | 1.4 | 1.4 | 1.1 | 1.5 | 1.4 |
| EV / EBITDA | 17.3 | 11.1 | 15.3 | 15.7 | 16.0 | 13.2 | 11.7 | 10.5 | 11.3 | 10.2 |
| EV / free cash flow | 28.1 | 14.0 | 28.6 | 34.3 | — | 20.0 | 18.0 | 36.2 | 44.6 | 22.1 |
| Earnings yield | 4.4% | 5.6% | 2.9% | 3.5% | 3.6% | 3.8% | 4.5% | 3.8% | 3.1% | 5.4% |
| Free cash flow yield | 3.9% | 7.9% | 4.3% | 3.3% | −0.8% | 5.6% | 6.4% | 3.3% | 2.4% | 5.0% |
| Dividend yield | 0.7% | 0.8% | 1.0% | 0.6% | 0.8% | 1.0% | 1.0% | 1.4% | 0.9% | 1.1% |
| Shareholder yield (dividends + buybacks) | 3.1% | 1.9% | 8.0% | 1.2% | 1.3% | 2.5% | 2.9% | 6.0% | 1.6% | 2.7% |
| Share price at fiscal year-end | $402.32 | $306.67 | $233.51 | $330.67 | $250.50 | $174.93 | $149.78 | $110.95 | $165.85 | $140.90 |
| Per share | ||||||||||
| Revenue per share | $205.85 | $201.13 | $197.30 | $201.36 | $162.92 | $135.14 | $127.11 | $122.83 | $120.77 | $111.04 |
| Earnings per share | $17.57 | $17.19 | $6.78 | $11.62 | $9.10 | $6.57 | $6.73 | $4.20 | $5.11 | $7.63 |
| Operating cash flow per share | $22.90 | $28.27 | $14.50 | $15.12 | $3.07 | $14.76 | $14.13 | $6.82 | $6.41 | $9.65 |
| Free cash flow per share | $15.62 | $24.34 | $9.93 | $10.80 | −$1.95 | $9.78 | $9.66 | $3.61 | $3.98 | $7.10 |
| Cash per share | $9.39 | $8.11 | $9.60 | $8.59 | $8.25 | $18.70 | $16.24 | $13.95 | $21.67 | $17.61 |
| Book value per share | $81.90 | $76.11 | $64.00 | $73.26 | $64.53 | $55.17 | $52.57 | $47.21 | $48.94 | $41.55 |
| Tangible book value per share | $47.17 | $38.70 | $26.97 | $30.79 | $23.40 | $27.28 | $24.79 | $22.21 | $27.99 | $21.05 |
| Dividends per share | $2.63 | $2.39 | $2.34 | $2.12 | $1.93 | $1.72 | $1.50 | $1.50 | $1.49 | $1.50 |
| Capex per share | $7.27 | $3.92 | $4.57 | $4.32 | $5.02 | $4.98 | $4.48 | $3.21 | $2.43 | $2.55 |
| Debt per share | $46.43 | $42.78 | $60.24 | $47.89 | $51.79 | $39.51 | $40.12 | $33.56 | $33.20 | $33.31 |
| Shares outstanding | 19.9M | 20.3M | 21.2M | 21.6M | 21.5M | 21.4M | 21.8M | 22.4M | 22.7M | 22.7M |
| Change in shares outstanding | −1.6% | −4.2% | −2.0% | +0.4% | +0.3% | −1.6% | −3.0% | −1.3% | +0.1% | −3.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 22.1% | 24.0% | 9.8% | 16.9% | 15.2% | 12.1% | 13.3% | 8.7% | 11.3% | 18.6% |
| Return on invested capital (ROIC) | 21.2% | 16.8% | 7.4% | 12.8% | 11.1% | 10.2% | 11.0% | 10.6% | 10.7% | 15.1% |
| Return on assets (ROA) | 10.5% | 10.2% | 4.1% | 7.2% | 6.1% | 4.9% | 5.5% | 3.7% | 4.7% | 7.2% |
| Return on tangible assets | 13.1% | 13.5% | 5.3% | 9.5% | 7.6% | 6.0% | 6.8% | 4.8% | 5.5% | 9.0% |
| Free cash flow margin | 7.6% | 12.1% | 5.0% | 5.4% | −1.2% | 7.2% | 7.6% | 2.9% | 3.3% | 6.4% |
| Income quality (OCF / net income) | 1.30 | 1.64 | 2.14 | 1.30 | 0.34 | 2.25 | 2.10 | 1.62 | 1.25 | 1.27 |
| Financial health | ||||||||||
| Total debt | $925.7M | $866.8M | $1.27B | $1.03B | $1.11B | $846.5M | $873.3M | $753.3M | $755.0M | $756.4M |
| Cash & short-term investments | $187.1M | $164.3M | $203.0M | $185.4M | $177.2M | $400.7M | $353.5M | $313.2M | $492.8M | $399.9M |
| Net debt | $738.5M | $702.5M | $1.07B | $848.0M | $935.9M | $445.8M | $519.8M | $440.1M | $262.2M | $356.4M |
| Debt / equity | 0.57 | 0.56 | 0.94 | 0.65 | 0.80 | 0.72 | 0.76 | 0.71 | 0.68 | 0.80 |
| Debt / assets | 0.27 | 0.26 | 0.37 | 0.29 | 0.32 | 0.29 | 0.32 | 0.30 | 0.29 | 0.32 |
| Net debt / EBITDA | 1.46 | 1.13 | 2.73 | 1.67 | 2.37 | 1.41 | 1.61 | 1.57 | 0.73 | 1.03 |
| Current ratio | 2.35 | 2.07 | 2.47 | 2.21 | 2.24 | 2.32 | 2.70 | 3.28 | 3.65 | 3.58 |
| Quick ratio | 1.58 | 1.35 | 1.56 | 1.31 | 1.28 | 1.65 | 1.97 | 2.34 | 2.61 | 2.58 |
| Interest coverage | 12.9 | 8.9 | 5.1 | 9.1 | 6.7 | 5.5 | 5.7 | 4.8 | 6.0 | 5.5 |
| Working capital | $988.0M | $872.0M | $1.06B | $976.6M | $946.9M | $887.2M | $874.6M | $931.6M | $1.07B | $903.4M |
| Invested capital | $2.37B | $2.24B | $2.43B | $2.43B | $2.32B | $1.63B | $1.66B | $1.50B | $1.38B | $1.30B |
| Tangible asset value | $950.0M | $835.7M | $633.4M | $725.2M | $529.7M | $616.2M | $541.3M | $574.4M | $675.5M | $517.1M |
| Net current asset value | −$7.4M | −$53.0M | −$272.7M | −$134.7M | −$320.9M | −$184.8M | −$229.1M | −$54.1M | $22.1M | −$155.9M |
| Graham number | $179.93 | $171.57 | $98.82 | $138.42 | $114.95 | $90.29 | $89.19 | $66.82 | $75.03 | $84.45 |
| Graham net-net per share | −$29.35 | −$31.87 | −$42.64 | −$36.21 | −$44.19 | −$30.05 | −$27.81 | −$19.56 | −$15.33 | −$22.01 |
| Capital allocation | ||||||||||
| Dividends paid | $52.5M | $48.4M | $49.5M | $45.8M | $41.4M | $36.9M | $32.6M | $33.7M | $33.9M | $34.1M |
| Share buybacks (net) | $198.1M | $70.1M | $345.3M | $40.5M | $26.1M | $56.5M | $62.9M | $114.8M | $26.2M | $53.8M |
| Dividend payout ratio | 15.0% | 13.9% | 34.5% | 18.3% | 21.2% | 26.2% | 22.3% | 35.7% | 29.1% | 19.7% |
| Dividends + buybacks / free cash flow | 80.5% | 24.0% | 188.0% | 37.0% | — | 44.6% | 45.5% | 183.3% | 66.4% | 54.5% |
| Capex / revenue | 3.5% | 1.9% | 2.3% | 2.1% | 3.1% | 3.7% | 3.5% | 2.6% | 2.0% | 2.3% |
| Capex / operating cash flow | 31.8% | 13.9% | 31.5% | 28.6% | 163.5% | 33.7% | 31.7% | 47.0% | 37.9% | 26.4% |
| Capex / depreciation | 1.64 | 0.83 | 0.98 | 0.96 | 1.16 | 1.29 | 1.18 | 0.87 | 0.65 | 0.70 |
| Stock-based compensation / revenue | 0.6% | 0.7% | 0.9% | 1.0% | 0.8% | 0.5% | 0.4% | 0.4% | 0.4% | 0.4% |
| R&D / revenue | — | 1.4% | 1.3% | 1.1% | 1.1% | 0.7% | 0.5% | 0.4% | 0.4% | 0.3% |
| SG&A / revenue | 17.5% | 17.6% | 18.4% | 15.9% | 16.9% | 18.1% | 15.9% | 15.5% | 14.7% | 16.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 77.2 | 75.1 | 70.5 | 63.1 | 70.8 | 79.6 | 81.1 | 75.0 | 65.0 | 66.0 |
| Days of inventory on hand | 73.7 | 80.4 | 86.2 | 82.6 | 82.1 | 70.6 | 66.4 | 70.3 | 68.2 | 67.6 |
| Days payables outstanding | 46.6 | 47.0 | 44.6 | 40.1 | 42.9 | 39.9 | 36.4 | 39.0 | 35.8 | 35.0 |
| Cash conversion cycle (days) | 104.3 | 108.4 | 112.0 | 105.6 | 110.0 | 110.3 | 111.0 | 106.3 | 97.3 | 98.6 |
| Receivables turnover | 4.73 | 4.86 | 5.18 | 5.79 | 5.16 | 4.58 | 4.50 | 4.87 | 5.62 | 5.53 |
| Payables turnover | 7.83 | 7.76 | 8.18 | 9.09 | 8.50 | 9.14 | 10.02 | 9.37 | 10.18 | 10.44 |
| Inventory turnover | 4.95 | 4.54 | 4.24 | 4.42 | 4.45 | 5.17 | 5.50 | 5.19 | 5.35 | 5.40 |
| Asset turnover | 1.23 | 1.20 | 1.19 | 1.24 | 1.09 | 1.01 | 1.05 | 1.07 | 1.10 | 1.05 |
| Average receivables | $868.5M | $838.0M | $806.6M | $750.9M | $679.1M | $631.7M | $614.7M | $566.2M | $488.6M | $456.2M |
| Average payables | $365.9M | $365.3M | $359.3M | $354.1M | $308.0M | $233.0M | $208.0M | $223.0M | $202.7M | $178.7M |
| Average inventory | $578.3M | $624.3M | $693.6M | $728.8M | $588.9M | $411.8M | $379.1M | $402.3M | $385.5M | $345.4M |
| Intangibles / total assets | 20.5% | 22.8% | 22.5% | 25.8% | 25.6% | 20.2% | 21.9% | 22.2% | 18.3% | 19.5% |
Computed from VMI's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
VMI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Valmont Industries traded at 22.9 times earnings, against a 10-year median of 26.5. Based on the latest twelve months, the trailing P/E is 17.4 and the forward P/E is 18.3. Valmont Industries earned a return on equity of 22.1% and a return on invested capital of 21.2% in fiscal 2025. It ended the year with $925.7 million of debt and $187.1 million in cash and short-term investments, net debt of $738.5 million. It returned $250.6 million to shareholders: $52.5 million in dividends and $198.1 million in share buybacks, 80% of free cash flow. The share count fell 12.2% from 22.7M to 19.9M over 9 years.
See the VMI income statement, the VMI chart for price history, or the VMI stock overview for the latest quote and news.
VMI key metrics FAQ
What is Valmont Industries's P/E ratio?
Valmont Industries's trailing P/E ratio is 17.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 18.3. At the end of fiscal 2025 it was 22.9, compared with a 10-year median of 26.5.
What is Valmont Industries's EV/EBITDA?
Valmont Industries's enterprise value was 17.3 times EBITDA at the end of fiscal 2025 (enterprise value $8.8 billion, EBITDA $506.6 million); the current EV/EBITDA is 14.5.
What is Valmont Industries's return on equity?
Valmont Industries's return on equity (ROE) was 22.1% in fiscal 2025: net income of $350.3 million on average shareholders' equity of $1.6 billion.
What is Valmont Industries's ROIC?
Valmont Industries's return on invested capital was 21.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Valmont Industries have?
Valmont Industries had total debt of $925.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.57 and $738.5 million of net debt (1.46 times EBITDA).
What is Valmont Industries's dividend yield?
Valmont Industries's forward dividend yield is 0.69%. Valmont Industries paid $52.5 million in dividends in fiscal 2025 ($2.63 per share), a payout ratio of 15.0%.
Does Valmont Industries buy back its shares?
Yes. Valmont Industries spent $198.1 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.6% over the year, to 19.9M..
What is Valmont Industries's free cash flow yield?
Valmont Industries generated $311.4 million of free cash flow in fiscal 2025, a free cash flow yield of 3.9% on its market value at year-end ($8.0 billion).
What is Valmont Industries's current ratio?
Valmont Industries's current ratio was 2.35 at the end of fiscal 2025: current assets were 2.35 times current liabilities.