VMI
Valmont Industries, Inc.
VMI's fundamentals are strong and it looks cheap: trading at 16x earnings, below its usual 26x. Analysts expect strong earnings growth.
VMI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Stable | |
| Healthy |
VMI's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
VMI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 16x | $423 | — |
| Forward | 17x | $423 | — |
| Cheap | 19x | $510 | +21% |
| Fair | 26x | $711 | +68% |
| Expensive | 34x | $911 | +116% |
Historical ranges are pointers, not guarantees.
VMI's PE is in its cheap range at 16x. On analysts' estimates for next year's earnings, today's price would be 17x.
VMI Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for VMI, with profitability improving.
VMI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $25.44 | -5.5% |
| Q3 2026 | $26.91 | +132% |
| Q2 2026 | $25.65 | +139% |
| Q1 2026 | $17.98 | +4.6% |
| Q4 2025 | $16.79 | -2.3% |
| Q3 2025 | $11.62 | -21% |
| Q2 2025 | $10.75 | +29% |
| Q1 2025 | $17.19 | +125% |
| Q4 2024 | $17.19 | +154% |
VMI earned $26.91 per share over the past year, up 132% from the year before.
VMI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +5.5% |
| Q2 2026 | $1.1B | +6.5% |
| Q1 2026 | $1B | +6.2% |
| Q4 2025 | $1B | +0.1% |
| Q3 2025 | $1B | +2.5% |
| Q2 2025 | $1.1B | +1% |
| Q1 2025 | $969.3M | -0.9% |
| Q4 2024 | $1B | +2.1% |
VMI's revenue has grown year over year for six quarters in a row: $1.1B last quarter, up 5.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +2.1 points |
| Q2 2026 | 15% | +12 points |
| Q1 2026 | 15% | +1.9 points |
| Q4 2025 | 11% | -0.3 points |
| Q3 2025 | 14% | +1.2 points |
| Q2 2025 | 2.8% | -11 points |
| Q1 2025 | 13% | -0.2 points |
| Q4 2024 | 12% | +5.3 points |
VMI's operating margin was 16% last quarter, up 2.1 points from the same quarter a year ago, near the top of its range since 2019.
VMI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $54.9M | -22% |
| Q2 2026 | $112.2M | -17% |
| Q1 2026 | $68.9M | +98% |
| Q4 2025 | $70.4M | -58% |
| Q3 2025 | $70.6M | -66% |
| Q2 2025 | $135.6M | +21% |
| Q1 2025 | $34.8M | +318% |
| Q4 2024 | $167.8M | +86% |
VMI still generates free cash flow, though less than at its 2024 peak: $306M over the past year.
VMI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -129K shares |
| 1 year | -2.4% | -485K shares |
| 3 years | -9.9% | -2.1M shares |
| 5 years | -9.5% | -2M shares |
| Available history | -11% | -2.4M shares |
VMI has 19M diluted shares, down 2.4% from a year ago, with $272M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $82.3M |
| Q2 2026 | $60M |
| Q1 2026 | $57.6M |
| Q4 2025 | $72.3M |
| Q3 2025 | $25.8M |
| Q4 2024 | $15M |
| Q3 2024 | $40.1M |
| Q4 2023 | $178.6M |
VMI spent $272M buying back its own shares over the past year.
VMI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.0x | Very low |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 0.9x | Very low |
VMI's net debt is less than a year of its operating earnings (EBITDA).
VMI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.2 | Neutral |
| Stochastic | 11.5 | Oversold |
VMI's weekly RSI is 37 (neutral) and its Stochastic is 12 (oversold).
VMI PE vs Industrials Sector
| Metric | VMI | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 24x | 35% below |
| PE % | 5 | 58 | 53 pts below |
VMI is trading at 16x earnings, a 35% discount to the Industrials sector's median of 24x.
VMI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $442.8 | 4.5% below |
| 20 week MA | $476.7 | 11% below |
| 50 week MA | $467.5 | 9.6% below |
| 100 week MA | $405.4 | 4.3% above |
| 200 week MA | $336.6 | 26% above |
VMI has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 26% above its 200-week average.
VMI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $150.4 | $172.1 | +14% |
| 2021 | $172.1 | $244.8 | +42% |
| 2022 | $244.8 | $335.1 | +37% |
| 2023 | $335.1 | $233.5 | -30% |
| 2024 | $233.5 | $306.5 | +31% |
| 2025 | $306.5 | $412.2 | +34% |
| 2026 YTD | $412.2 | $422.7 | +2.5% |
VMI has finished higher in five of the last six years. It's up 2.5% so far in 2026.