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Valmont Industries vs Innovate: VMI and VATE compared
Valmont Industries is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $422M for Innovate (Q2 2026). Innovate is growing faster (+74% against +6% a year earlier). Valmont Industries is more profitable, with an operating margin of 15.7% against 8.2%.
Where the money goes: VMI and VATE
Valmont Industries (VMI) · Q3 2026
Valmont Industries, Q3 2026: revenue $1.1B (+6% year over year), operating margin 15.7%, net earnings $121M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
Innovate (VATE) · Q2 2026
Innovate, Q2 2026: revenue $422M (+74% year over year), operating margin 8.2%, net earnings $10.7M, operating cash flow −$24.6M. The chart follows the revenue to costs, profit and cash.
| Valmont Industries (VMI) | Innovate (VATE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.1B | $422M |
| Revenue growth, Y/Y | +6% | +74% |
| Gross margin | 30.0% | 18.9% |
| Operating margin | 15.7% | 8.2% |
| Net earnings | $121M | $10.7M |
| Net margin | 11.0% | 2.5% |
| Operating cash flow | $100M | −$24.6M |
| Free cash flow | $54.9M | — |
| Market value | $7.8B | $73.5M |
| P/E | 15.0× | — |
| Analysts’ mean target | $610.75 | — |
Where the revenue comes from
Valmont Industries
- Product sales: $982M (89%)
- North America Coatings: $67.2M (6%)
- North America Telecommunications: $54.9M (5%)
Innovate
- Infrastructure: $414M (98%)
- Spectrum Segment: $5.4M (1%)
- Life Sciences: $2.2M (1%)
Questions
Which is bigger, Valmont Industries or Innovate?
Valmont Industries is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $422M for Innovate (Q2 2026).
Is Valmont Industries or Innovate growing faster?
Innovate is growing faster (+74% against +6% a year earlier).
Which is more profitable, Valmont Industries or Innovate?
Valmont Industries is more profitable, with an operating margin of 15.7% against 8.2%.
More: Valmont Industries earnings · how Valmont Industries makes money · Innovate earnings · how Innovate makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.