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Side-by-side financial comparison of Diversified Energy Co (DEC) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
VALMONT INDUSTRIES INC is the larger business by last-quarter revenue ($1.0B vs $666.5M, roughly 1.5× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 10.5%, a 18.8% gap on every dollar of revenue.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
DEC vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $666.5M | $1.0B |
| Net Profit | $195.5M | $108.0M |
| Gross Margin | — | 30.8% |
| Operating Margin | 37.6% | 15.1% |
| Net Margin | 29.3% | 10.5% |
| Revenue YoY | — | 6.2% |
| Net Profit YoY | — | 23.8% |
| EPS (diluted) | — | $5.51 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $666.5M | $1.0B | ||
| Q3 25 | $499.8M | $1.0B | ||
| Q2 25 | $600.3M | $1.1B | ||
| Q1 25 | — | $969.3M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $195.5M | $168.0M | ||
| Q3 25 | $171.1M | $99.0M | ||
| Q2 25 | $297.7M | $-4.0M | ||
| Q1 25 | — | $87.3M | ||
| Q4 24 | — | $77.7M | ||
| Q3 24 | — | $83.1M | ||
| Q2 24 | — | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | 44.7% | 30.6% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 37.6% | 11.2% | ||
| Q3 25 | 36.2% | 13.5% | ||
| Q2 25 | 48.5% | 2.8% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 29.3% | 16.2% | ||
| Q3 25 | 34.2% | 9.5% | ||
| Q2 25 | 49.6% | -0.4% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | — | $9.02 | ||
| Q3 25 | $2.14 | $4.98 | ||
| Q2 25 | $3.67 | $-1.53 | ||
| Q1 25 | — | $4.32 | ||
| Q4 24 | — | $3.85 | ||
| Q3 24 | — | $4.11 | ||
| Q2 24 | — | $4.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $160.2M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $984.1M | $1.7B |
| Total Assets | $6.2B | $3.4B |
| Debt / EquityLower = less leverage | 2.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $29.7M | $187.1M | ||
| Q3 25 | — | $226.1M | ||
| Q2 25 | $23.7M | $208.5M | ||
| Q1 25 | — | $184.4M | ||
| Q4 24 | — | $164.3M | ||
| Q3 24 | — | $200.5M | ||
| Q2 24 | — | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $984.1M | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $727.7M | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $6.2B | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $5.7B | $3.3B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | 2.76× | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | ||
|---|---|---|
| Operating Cash FlowLast quarter | $464.6M | — |
| Free Cash FlowOCF − Capex | $280.0M | — |
| FCF MarginFCF / Revenue | 42.0% | — |
| Capex IntensityCapex / Revenue | 27.7% | — |
| Cash ConversionOCF / Net Profit | 2.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $464.6M | $111.2M | ||
| Q3 25 | — | $112.5M | ||
| Q2 25 | $264.1M | $167.6M | ||
| Q1 25 | — | $65.1M | ||
| Q4 24 | — | $193.4M | ||
| Q3 24 | — | $225.1M | ||
| Q2 24 | — | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | $280.0M | $70.4M | ||
| Q3 25 | — | $70.6M | ||
| Q2 25 | — | $135.6M | ||
| Q1 25 | — | $34.8M | ||
| Q4 24 | — | $167.8M | ||
| Q3 24 | — | $204.6M | ||
| Q2 24 | — | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | 42.0% | 6.8% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | — | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 27.7% | 3.9% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.38× | 0.66× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | 0.89× | — | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 2.49× | ||
| Q3 24 | — | 2.71× | ||
| Q2 24 | — | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEC
Segment breakdown not available.
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |