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Side-by-side financial comparison of Fabrinet (FN) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× VALMONT INDUSTRIES INC). VALMONT INDUSTRIES INC runs the higher net margin — 10.5% vs 9.9%, a 0.6% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 6.2%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -0.5%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs VMI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.0B |
| Net Profit | $112.6M | $108.0M |
| Gross Margin | 12.2% | 30.8% |
| Operating Margin | 10.1% | 15.1% |
| Net Margin | 9.9% | 10.5% |
| Revenue YoY | 35.9% | 6.2% |
| Net Profit YoY | 30.0% | 23.8% |
| EPS (diluted) | $3.11 | $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 | $1.1B | $1.0B | ||
| Q3 25 | $978.1M | $1.0B | ||
| Q2 25 | $909.7M | $1.1B | ||
| Q1 25 | $871.8M | $969.3M | ||
| Q4 24 | $833.6M | $1.0B | ||
| Q3 24 | $804.2M | $1.0B | ||
| Q2 24 | $753.3M | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $112.6M | $168.0M | ||
| Q3 25 | $95.9M | $99.0M | ||
| Q2 25 | $87.2M | $-4.0M | ||
| Q1 25 | $81.3M | $87.3M | ||
| Q4 24 | $86.6M | $77.7M | ||
| Q3 24 | $77.4M | $83.1M | ||
| Q2 24 | $81.1M | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | 12.2% | 29.8% | ||
| Q3 25 | 11.9% | 30.4% | ||
| Q2 25 | 12.2% | 30.6% | ||
| Q1 25 | 11.7% | 30.0% | ||
| Q4 24 | 12.1% | 30.2% | ||
| Q3 24 | 12.3% | 29.6% | ||
| Q2 24 | 12.3% | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 10.1% | 11.2% | ||
| Q3 25 | 9.6% | 13.5% | ||
| Q2 25 | 9.8% | 2.8% | ||
| Q1 25 | 9.0% | 13.2% | ||
| Q4 24 | 9.5% | 11.6% | ||
| Q3 24 | 9.6% | 12.3% | ||
| Q2 24 | 9.7% | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 9.9% | 16.2% | ||
| Q3 25 | 9.8% | 9.5% | ||
| Q2 25 | 9.6% | -0.4% | ||
| Q1 25 | 9.3% | 9.0% | ||
| Q4 24 | 10.4% | 7.5% | ||
| Q3 24 | 9.6% | 8.1% | ||
| Q2 24 | 10.8% | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | $3.11 | $9.02 | ||
| Q3 25 | $2.66 | $4.98 | ||
| Q2 25 | $2.41 | $-1.53 | ||
| Q1 25 | $2.25 | $4.32 | ||
| Q4 24 | $2.38 | $3.85 | ||
| Q3 24 | $2.13 | $4.11 | ||
| Q2 24 | $2.22 | $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 | $960.8M | $160.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $1.7B |
| Total Assets | $3.3B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $960.8M | $187.1M | ||
| Q3 25 | $968.8M | $226.1M | ||
| Q2 25 | $934.2M | $208.5M | ||
| Q1 25 | $950.7M | $184.4M | ||
| Q4 24 | $934.6M | $164.3M | ||
| Q3 24 | $908.9M | $200.5M | ||
| Q2 24 | $858.6M | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.7B | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $3.3B | $3.4B | ||
| Q3 25 | $3.0B | $3.4B | ||
| Q2 25 | $2.8B | $3.3B | ||
| Q1 25 | $2.6B | $3.4B | ||
| Q4 24 | $2.5B | $3.3B | ||
| Q3 24 | $2.4B | $3.5B | ||
| Q2 24 | $2.3B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 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 | $46.3M | — |
| Free Cash FlowOCF − Capex | $-5.3M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | 4.6% | — |
| Cash ConversionOCF / Net Profit | 0.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $46.3M | $111.2M | ||
| Q3 25 | $102.6M | $112.5M | ||
| Q2 25 | $55.1M | $167.6M | ||
| Q1 25 | $74.2M | $65.1M | ||
| Q4 24 | $115.9M | $193.4M | ||
| Q3 24 | $83.2M | $225.1M | ||
| Q2 24 | $83.1M | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-5.3M | $70.4M | ||
| Q3 25 | $57.3M | $70.6M | ||
| Q2 25 | $4.7M | $135.6M | ||
| Q1 25 | $45.7M | $34.8M | ||
| Q4 24 | $94.0M | $167.8M | ||
| Q3 24 | $62.9M | $204.6M | ||
| Q2 24 | $70.4M | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | 6.8% | ||
| Q3 25 | 5.9% | 6.7% | ||
| Q2 25 | 0.5% | 12.9% | ||
| Q1 25 | 5.2% | 3.6% | ||
| Q4 24 | 11.3% | 16.2% | ||
| Q3 24 | 7.8% | 20.1% | ||
| Q2 24 | 9.3% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 3.9% | ||
| Q3 25 | 4.6% | 4.0% | ||
| Q2 25 | 5.5% | 3.0% | ||
| Q1 25 | 3.3% | 3.1% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 2.5% | 2.0% | ||
| Q2 24 | 1.7% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | 0.66× | ||
| Q3 25 | 1.07× | 1.14× | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.91× | 0.75× | ||
| Q4 24 | 1.34× | 2.49× | ||
| Q3 24 | 1.07× | 2.71× | ||
| Q2 24 | 1.02× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
