HIGHOutside partyCommodity
50%
steel
“10-K Item 1A: 'the cost of steel has accounted for approximately 50% of net sales on average'”
VMI · Concentration risk · 10-K extracted
Valmont Industries (VMI) concentration risks
Updated
The most significant concentration Valmont Industries discloses is steel at 50%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Valmont Industries’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
28%
international sales
“10-K Item 1A: 'approximately 28% of our fiscal 2025 net sales occurring outside the U.S.'”
MEDIUMBuilt-inCustomer
U.S. electric utility industry
“10-K Item 1A: 'a significant portion of our sales ... In fiscal 2025, our sales to the U.S. electric utility industry were approximately $1.5 billion'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile spans input costs, customer mix, and geography, with commodity exposure representing the most prominent single dimension. The cost of steel has accounted for approximately 50% of net sales on average — a high-share input cost dependency by disclosed size. Because steel is a commodity subject to significant price swings driven by tariffs, trade policy, and global supply-demand cycles, this level of cost exposure means that margin compression or expansion from steel pricing can move materially through to results, making the company's ability to pass through cost changes to customers a critical monitoring variable. On the customer side, fiscal 2025 sales to the U.S. electric utility industry were approximately $1.5 billion, representing a medium-share structural concentration — the electric utility sector is a significant end-market, and its capital spending cycle, which moves with regulatory rate cases and grid investment priorities, drives a meaningful portion of demand. The character is structural because the company's products are embedded in long-cycle utility infrastructure rather than discretionary purchasing. Geographically, approximately 28% of fiscal 2025 net sales occurred outside the U.S. — a medium-share international exposure, also structural. On balance, the interaction of high commodity cost sensitivity and medium-share customer concentration in a rate-regulated utility end-market are the key variables; steel pricing and utility capital budgets are the primary drivers to monitor.
For the engine’s reasoning on VMI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Conglomerates
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| HON | Honeywell International Inc. | 2 | 0 | 0 | 2 |
| OTTR | Otter Tail Corporation | 1 | 3 | 1 | 5 |
| VMI● | Valmont Industries, Inc. | 1 | 2 | 0 | 3 |
| MMM | 3M Company | 0 | 0 | 0 | 0 |
| SEB | Seaboard Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.