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Side-by-side financial comparison of VALMONT INDUSTRIES INC (VMI) and Voya Financial, Inc. (VOYA). Click either name above to swap in a different company.

VALMONT INDUSTRIES INC is the larger business by last-quarter revenue ($1.0B vs $603.0M, roughly 1.7× Voya Financial, Inc.). Voya Financial, Inc. runs the higher net margin — 23.2% vs 10.5%, a 12.7% gap on every dollar of revenue. On growth, Voya Financial, Inc. posted the faster year-over-year revenue change (7.5% vs 6.2%). Over the past eight quarters, Voya Financial, Inc.'s revenue compounded faster (7.8% CAGR vs -0.5%).

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.

Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

VMI vs VOYA — Head-to-Head

Bigger by revenue
VMI
VMI
1.7× larger
VMI
$1.0B
$603.0M
VOYA
Growing faster (revenue YoY)
VOYA
VOYA
+1.3% gap
VOYA
7.5%
6.2%
VMI
Higher net margin
VOYA
VOYA
12.7% more per $
VOYA
23.2%
10.5%
VMI
Faster 2-yr revenue CAGR
VOYA
VOYA
Annualised
VOYA
7.8%
-0.5%
VMI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
VMI
VMI
VOYA
VOYA
Revenue
$1.0B
$603.0M
Net Profit
$108.0M
$140.0M
Gross Margin
30.8%
Operating Margin
15.1%
28.0%
Net Margin
10.5%
23.2%
Revenue YoY
6.2%
7.5%
Net Profit YoY
23.8%
44.3%
EPS (diluted)
$5.51
$1.41

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
VMI
VMI
VOYA
VOYA
Q1 26
$1.0B
Q4 25
$1.0B
$603.0M
Q3 25
$1.0B
$572.0M
Q2 25
$1.1B
$542.0M
Q1 25
$969.3M
$538.0M
Q4 24
$1.0B
$561.0M
Q3 24
$1.0B
$542.0M
Q2 24
$1.0B
$528.0M
Net Profit
VMI
VMI
VOYA
VOYA
Q1 26
$108.0M
Q4 25
$168.0M
$140.0M
Q3 25
$99.0M
$192.0M
Q2 25
$-4.0M
$166.0M
Q1 25
$87.3M
$156.0M
Q4 24
$77.7M
$97.0M
Q3 24
$83.1M
$114.0M
Q2 24
$99.7M
$205.0M
Gross Margin
VMI
VMI
VOYA
VOYA
Q1 26
30.8%
Q4 25
29.8%
Q3 25
30.4%
Q2 25
30.6%
Q1 25
30.0%
Q4 24
30.2%
Q3 24
29.6%
Q2 24
30.8%
Operating Margin
VMI
VMI
VOYA
VOYA
Q1 26
15.1%
Q4 25
11.2%
28.0%
Q3 25
13.5%
53.7%
Q2 25
2.8%
34.7%
Q1 25
13.2%
32.2%
Q4 24
11.6%
21.4%
Q3 24
12.3%
21.4%
Q2 24
14.2%
52.3%
Net Margin
VMI
VMI
VOYA
VOYA
Q1 26
10.5%
Q4 25
16.2%
23.2%
Q3 25
9.5%
33.6%
Q2 25
-0.4%
30.6%
Q1 25
9.0%
29.0%
Q4 24
7.5%
17.3%
Q3 24
8.1%
21.0%
Q2 24
9.6%
38.8%
EPS (diluted)
VMI
VMI
VOYA
VOYA
Q1 26
$5.51
Q4 25
$9.02
$1.41
Q3 25
$4.98
$1.80
Q2 25
$-1.53
$1.66
Q1 25
$4.32
$1.42
Q4 24
$3.85
$0.99
Q3 24
$4.11
$0.98
Q2 24
$4.91
$1.96

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
VMI
VMI
VOYA
VOYA
Cash + ST InvestmentsLiquidity on hand
$160.2M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$1.7B
$5.0B
Total Assets
$3.4B
$178.9B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VMI
VMI
VOYA
VOYA
Q1 26
$160.2M
Q4 25
$187.1M
Q3 25
$226.1M
Q2 25
$208.5M
Q1 25
$184.4M
Q4 24
$164.3M
Q3 24
$200.5M
Q2 24
$163.1M
Total Debt
VMI
VMI
VOYA
VOYA
Q1 26
Q4 25
$795.7M
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$730.6M
$2.5B
Q3 24
$2.5B
Q2 24
$2.1B
Stockholders' Equity
VMI
VMI
VOYA
VOYA
Q1 26
$1.7B
Q4 25
$1.6B
$5.0B
Q3 25
$1.6B
$5.0B
Q2 25
$1.5B
$4.6B
Q1 25
$1.6B
$4.4B
Q4 24
$1.5B
$4.0B
Q3 24
$1.5B
$4.7B
Q2 24
$1.5B
$4.0B
Total Assets
VMI
VMI
VOYA
VOYA
Q1 26
$3.4B
Q4 25
$3.4B
$178.9B
Q3 25
$3.4B
$177.4B
Q2 25
$3.3B
$172.4B
Q1 25
$3.4B
$163.9B
Q4 24
$3.3B
$163.9B
Q3 24
$3.5B
$166.9B
Q2 24
$3.5B
$161.3B
Debt / Equity
VMI
VMI
VOYA
VOYA
Q1 26
Q4 25
0.49×
0.42×
Q3 25
0.42×
Q2 25
0.45×
Q1 25
0.48×
Q4 24
0.47×
0.62×
Q3 24
0.53×
Q2 24
0.52×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
VMI
VMI
VOYA
VOYA
Operating Cash FlowLast quarter
$557.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.98×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VMI
VMI
VOYA
VOYA
Q1 26
Q4 25
$111.2M
$557.0M
Q3 25
$112.5M
$168.0M
Q2 25
$167.6M
$742.0M
Q1 25
$65.1M
$-179.0M
Q4 24
$193.4M
$79.0M
Q3 24
$225.1M
$719.0M
Q2 24
$130.8M
$316.0M
Free Cash Flow
VMI
VMI
VOYA
VOYA
Q1 26
Q4 25
$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
VMI
VMI
VOYA
VOYA
Q1 26
Q4 25
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
VMI
VMI
VOYA
VOYA
Q1 26
Q4 25
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
VMI
VMI
VOYA
VOYA
Q1 26
Q4 25
0.66×
3.98×
Q3 25
1.14×
0.88×
Q2 25
4.47×
Q1 25
0.75×
-1.15×
Q4 24
2.49×
0.81×
Q3 24
2.71×
6.31×
Q2 24
1.31×
1.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

VMI
VMI

Infrastructure$803.2M78%
Agriculture$226.0M22%

VOYA
VOYA

Other$295.0M49%
Investment Management Segment$274.0M45%
Distribution Fees Member$34.0M6%

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