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Valmont Industries (VMI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 27, 2026 · Valmont Industries (VMI) Q3 2026 earnings results →

Q3 2026 Revenue up 6% year over year to $1.1B · 11¢ of every $1 of revenue kept as net profit · operating margin 15.7%

Valmont Industries made $1.1B in Q3 2026 (+6% Y/Y): Product sales $982M, North America Coatings $67.2M, North America Telecommunications $54.9M. Operating margin 15.7%, net earnings $121M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 27, 2026.

Revenue$1.1B

Year over year+6%

Operating margin15.7%

Net earnings$121M

Operating cash flow$100M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.1B in Q3 2026, up 6% year over year and down 1% from the previous quarter. North America Utility was the largest line at 43% of revenue. North America Utility added $0.09B year over year (up 23%), 152% of the total change. North America Telecommunications declined 34%.

Gross margin was 30.0%, down 0.4 points from Q3 2025. Operating profit was $0.17B, a 15.7% margin (up 2.1 points year over year). Of the extra revenue versus Q3 2025, 54% reached operating profit, above the 14% margin then. Operating expenses fell 10% while revenue rose 6%. Net earnings were $0.12B, up 22% year over year. The effective tax rate was 25.6%.

Operating cash flow was $0.10B (down 11% year over year), 83% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.05B left free cash flow of $0.05B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Oct 27, 2026	$1.1B	+6%	15.7%	$121M	$100M
Q2 2026	10-Q	Jul 28, 2026	$1.1B	+6%	14.8%	$120M	$148M
Q1 2026	10-Q	Apr 28, 2026	$1.0B	+6%	15.1%	$108M	$103M
Q4 2025	10-K	Feb 24, 2026	$1.0B	+0.1%	11.2%	$168M	$111M
Q3 2025	10-Q	Oct 28, 2025	$1.0B	+2%	13.5%	$99.0M	$113M
Q2 2025	10-Q	Jul 31, 2025	$1.1B	+1%	2.8%	−$3.3M	$168M
Q1 2025	10-Q	Apr 30, 2025	$969M	-0.9%	13.2%	$87.3M	$65.1M

Charts

Latest (Q3 2026): Y/Y +6%, Q/Q -1%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $121M, Operating cash flow $100M.

-6.9% since FY2020: buybacks shrank the count.

Cash $187M, short-term investments —, long-term debt $796M at 2025-12-27.

Fabricated Structural Metal Products; dot size is quarterly revenue; dashed lines are the industry's medians.