Filing Flows › Valmont Industries (VMI) › Q4 2025
Valmont Industries (VMI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Valmont Industries (VMI) reported revenue of $1.0B for the fourth quarter 2025 (Q4 2025), +0.1% from a year earlier and -0.7% from the quarter before. Operating margin was 11.2%, net earnings $168M (16.2% of revenue).
Valmont Industries, Q4 2025: revenue $1.0B (+0.1% year over year), operating margin 11.2%, net earnings $168M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -0.7% | +0.1% |
| Gross profit | $309M | -3% | -1% |
| Operating profit | $117M | -18% | -3% |
| Net earnings | $168M | +70% | +116% |
| Operating cash flow | $111M | -1% | -42% |
| Free cash flow | $70.4M | -0.2% | -58% |
What changed
Revenue was $1.0B in Q4 2025, roughly flat year over year and down 1% from the previous quarter. Utility was the largest line at 41% of revenue.
Gross margin was 29.8%, down 0.4 points from a year earlier. Operating profit was $0.12B, a 11.2% margin (down 0.3 points year over year). Operating profit fell $3.5M even though revenue rose $1.0M versus a year earlier, so costs grew faster than sales. Operating expenses fell 0% while revenue was flat. Net earnings were $0.17B, up 116% year over year. The effective tax rate was -54.7%.
Operating cash flow was $0.11B (down 42% year over year), 66% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.04B left free cash flow of $0.07B.
Questions
What was Valmont Industries' revenue in the fourth quarter 2025?
Valmont Industries (VMI) reported revenue of $1.0B for the fourth quarter 2025 (Q4 2025), +0.1% from a year earlier and -0.7% from the quarter before.
Was Valmont Industries profitable in the fourth quarter 2025?
Operating profit was $117M (11.2% of revenue) and net earnings $168M.
Source: Valmont Industries 10-K on SEC EDGAR.