Filing Flows › Valmont Industries (VMI) › How it makes money
How Valmont Industries (VMI) makes money
Valmont Industries (VMI) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Product sales brought in $982M (89%); North America Coatings brought in $67.2M (6%); North America Telecommunications brought in $54.9M (5%). Of every dollar of revenue, 30¢ was left as gross profit, 16¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product sales | $982M | 88.9% | -1% | +9% |
| ↳ North America Utility | $470M | 42.5% | +3% | +23% |
| ↳ Agriculture | $224M | 20.3% | -7% | -6% |
| ↳ International Infrastructure and Solar | $160M | 14.5% | -3% | +5% |
| ↳ North America Lighting and Transportation | $127M | 11.5% | -2% | -2% |
| North America Coatings | $67.2M | 6.1% | +0.6% | +13% |
| North America Telecommunications | $54.9M | 5.0% | -4% | -34% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.1B | 100.0% |
| Cost of revenue | $772M | 70.0% |
| Gross profit | $331M | 30.0% |
| Operating expenses | $159M | 14.4% |
| Operating profit | $173M | 15.7% |
| Income tax | $41.8M | 3.8% |
| Net earnings | $121M | 11.0% |
| Operating cash flow | $100M | 9.1% |
| Free cash flow | $54.9M | 5.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.1B | +6% |
| Q2 2026 | $1.1B | +6% |
| Q1 2026 | $1.0B | +6% |
| Q4 2025 | $1.0B | +0.1% |
| Q3 2025 | $1.0B | +2% |
| Q2 2025 | $1.1B | +1% |
| Q1 2025 | $969M | -0.9% |
From Valmont Industries' 10-Q filed Oct 27, 2026 (on EDGAR).
Questions
How does Valmont Industries make money?
Valmont Industries (VMI) made $1.1B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Product sales brought in $982M (89%); North America Coatings brought in $67.2M (6%); North America Telecommunications brought in $54.9M (5%). Of every dollar of revenue, 30¢ was left as gross profit, 16¢ was left as operating profit, 11¢ was left as net earnings.
What is Valmont Industries' biggest business?
Product sales: $982M in the third quarter 2026, 89% of revenue, +9% from a year earlier.
What is Valmont Industries' profit margin?
Net earnings were $121M, 11.0% of revenue, in the third quarter 2026; the operating margin was 15.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.