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Valmont Industries Inc key statistics and ratios

In fiscal 2025, Valmont Industries Inc had return on equity of 22.1%, an operating margin of 10.1%, debt equal to 48.7% of equity and a current ratio of 2.35. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Gross margin28.9%25.6%24.1%25.3%28.6%25.9%23.7%26.0%24.8%24.2%24.7%26.4%25.2%25.9%29.6%30.5%30.2%30.3%
Operating margin12.9%8.8%9.5%12.1%14.3%11.5%5.0%9.7%9.7%7.7%8.2%7.8%8.2%10.0%7.0%12.9%10.1%14.2%
Net margin8.2%4.6%8.2%7.4%8.4%5.9%1.5%6.9%4.2%3.7%5.3%4.9%5.6%5.8%3.6%8.5%8.5%12.1%
Free-cash-flow margin16.6%5.7%2.4%3.2%8.8%3.2%8.7%6.9%2.8%2.9%7.6%7.2%−1.2%5.4%5.0%12.1%7.6%7.1%
Return on equity19.1%11.1%22.1%18.7%19.4%13.5%3.8%18.6%11.3%9.4%13.3%12.1%15.2%16.9%10.3%24.0%22.1%30.5%
Return on assets11.6%5.6%10.4%9.6%10.4%6.7%1.6%7.2%4.7%3.9%5.4%4.9%6.1%7.2%4.3%10.2%10.5%15.0%
Asset turnover1.421.201.261.301.241.141.021.051.101.061.031.011.091.241.191.201.231.24
Current ratio2.793.153.073.463.663.513.353.583.653.282.792.312.242.212.472.072.352.41
Debt to equity20.4%51.2%41.4%35.0%31.0%63.9%82.5%80.1%67.8%70.1%66.9%61.9%68.6%55.2%81.9%47.4%48.7%43.0%
Interest cover (operating income ÷ interest)15.1x5.8x7.3x12.1x14.6x9.7x3.0x5.5x6.0x4.8x5.7x5.5x6.7x9.1x5.1x8.9x10.3x16.0x
Effective tax rate32.2%36.0%2.0%35.2%35.1%33.4%51.0%19.1%46.5%29.7%23.9%25.7%23.6%29.9%38.1%25.2%6.3%10.6%
R&D as % of revenue0.3%0.3%0.2%0.2%0.3%0.4%0.4%0.3%0.4%0.4%0.5%0.7%1.1%1.1%1.3%1.4%0.8%—
SG&A as % of revenue15.9%16.8%14.6%13.3%14.3%14.4%17.1%16.3%15.1%16.0%16.4%18.1%16.9%15.9%18.4%17.6%17.5%15.9%
Capital spending as % of revenue2.4%1.8%3.0%3.1%3.2%2.3%1.7%2.3%2.0%2.6%3.5%3.7%3.1%2.1%2.3%1.9%3.5%3.7%
Free cash flow ÷ net income202.8%123.0%29.2%42.7%104.0%54.9%565.3%101.0%67.0%79.6%143.6%149.0%−21.4%92.9%139.2%141.6%88.9%59.3%
Dividends ÷ net income9.8%17.6%8.0%9.2%9.1%17.6%88.1%19.7%29.1%33.1%22.3%26.2%21.2%18.3%32.8%13.9%15.0%10.9%
Dividends and buybacks ÷ free cash flow6.1%15.0%34.6%21.5%8.8%422.9%90.1%50.2%43.5%183.3%45.5%44.6%—37.0%188.0%24.0%80.5%107.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 7 checks passed · September 26, 2026
What it owns · $3.5bn
Short-term assets $1.8bnLonger-term assets $1.7bn
What it owes, and who funded it · $3.5bn
Short-term liabilities $761mLonger-term liabilities $1.0bnShareholders' equity $1.8bn
  • Short-term assets cover short-term liabilities $1.8bn of assets due within a year against $761m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.8bn short-term assets against $1.0bn of longer-dated liabilities.
  • More cash than debt $122m of cash against $756m of debt.
  • Debt below 40% of shareholders' equity Debt is 43% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 65% to 43% over five years.
  • A year's operating cash flow covers at least 20% of debt $463m of operating cash flow against $756m of debt.
  • Operating profit covers interest at least five times over Operating income of $611m against $38m of interest.

From Valmont Industries Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

62 /100

Moderate moat

How hard Valmont Industries's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 9 / 20

    Net income has been a median 6.3% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 26.1%, moving by 2.4 percentage points (standard deviation) across 10 years.

  • Durability 12 / 20

    Operating margin has been a median 8.8%; its worst year was 7.9%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 9 of 10 years, at a median 6.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 8.8% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Valmont Industries Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Valmont Industries Inc.