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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

Bigger by revenue
VMI
VMI
1.5× larger
VMI
$1.0B
$666.5M
DEC
Higher net margin
DEC
DEC
18.8% more per $
DEC
29.3%
10.5%
VMI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DEC
DEC
VMI
VMI
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.

Revenue
DEC
DEC
VMI
VMI
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
Net Profit
DEC
DEC
VMI
VMI
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
Gross Margin
DEC
DEC
VMI
VMI
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%
Operating Margin
DEC
DEC
VMI
VMI
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%
Net Margin
DEC
DEC
VMI
VMI
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%
EPS (diluted)
DEC
DEC
VMI
VMI
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
DEC
DEC
VMI
VMI
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.

Cash + ST Investments
DEC
DEC
VMI
VMI
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
Total Debt
DEC
DEC
VMI
VMI
Q1 26
Q4 25
$2.7B
$795.7M
Q3 25
Q2 25
Q1 25
Q4 24
$730.6M
Q3 24
Q2 24
Stockholders' Equity
DEC
DEC
VMI
VMI
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
Total Assets
DEC
DEC
VMI
VMI
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
Debt / Equity
DEC
DEC
VMI
VMI
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
DEC
DEC
VMI
VMI
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.

Operating Cash Flow
DEC
DEC
VMI
VMI
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
Free Cash Flow
DEC
DEC
VMI
VMI
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
FCF Margin
DEC
DEC
VMI
VMI
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%
Capex Intensity
DEC
DEC
VMI
VMI
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%
Cash Conversion
DEC
DEC
VMI
VMI
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
DEC

Segment breakdown not available.

VMI
VMI

Infrastructure$803.2M78%
Agriculture$226.0M22%

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