Alamo Group Inc. manufactures and sells industrial and vegetation management equipment for governmental, industrial, and agricultural uses worldwide. It operates in two segments, Vegetation Management and Industrial Equipment. The Vegetation Management segment offers tractor powered equipment such as rotary, finishing, flail, and disc mowers; rotary cutters; front end loaders, backhoes, tillers, posthole diggers, scraper blades, cultivators, subsoilers, and other tractor attachments and implements. This segment also provides commercial and residential zero turn mowers; hydraulic and mechanical boom and reach mowers; hedge and hedgerow cutters; industrial grass mowers; seedbed preparation equipment; and forestry and tree care tools, including chippers, stump grinders, mulchers, brush cutters, flails, and debarkers, as well as remote control mowers and related replacement parts. Its Industrial Equipment segment offers hydraulic telescoping booms; catch basin and roadway debris vacuum systems; sewer cleaners; vacuum trucks, combination sewer cleaners, hydro excavators, trenchers, and high pressure cleaning systems; truck mounted snow plows, blowers, dump bodies, spreaders, deicers, brine sprayers, snow throwers, and wing systems; salt spreaders; street sweepers, including mechanical broom and regenerative air models; leaf and debris collection equipment and replacement brooms; solid waste and recycling equipment; municipal tractors and attachments; asphalt patchers; underground construction forms; traffic control and crash attenuator trucks; industrial vacuum excavation units; trailer mounted and custom truck mounted systems; and related accessories and truck up fitting services. The company serves the infrastructure building and maintenance, industrial construction, public works, land maintenance, agriculture, and tree care markets. Alamo Group Inc. was founded in 1955 and is headquartered in Seguin, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.6B | $210M | $104M | $145M | 9.0% | -1.5% | -10.5% |
| 2024 | $1.6B | $223M | $116M | $185M | 11.4% | -3.6% | -14.9% |
| 2023 | $1.7B | $249M | $136M | $93M | 14.6% | 11.6% | 33.6% |
| 2022 | $1.5B | $195M | $102M | $-17M | 13.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,513.62 | 1,689.65 | 1,628.51 | 1,603.72 |
| Operating Revenue | - | 1,513.62 | 1,689.65 | 1,628.51 | 1,603.72 |
| Cost Of Revenue | - | 1,137.10 | 1,236.01 | 1,216.03 | 1,205.90 |
| Gross Profit | - | 376.52 | 453.64 | 412.49 | 397.82 |
| Operating Expense | - | 227.93 | 255.68 | 247.68 | 246.20 |
| Selling General And Administration | - | 212.65 | 240.16 | 231.45 | 229.66 |
| Total Expenses | - | 1,365.02 | 1,491.68 | 1,463.70 | 1,452.10 |
| Operating Income | - | 148.59 | 197.97 | 164.81 | 151.61 |
| Total Operating Income As Reported | - | 148.59 | 197.97 | 164.81 | 151.61 |
| EBITDA | - | 195.36 | 249.19 | 223.26 | 209.76 |
| Normalized EBITDA | - | 195.36 | 249.19 | 223.26 | 209.76 |
| EBIT | - | 148.67 | 201.21 | 170.18 | 154.39 |
| Interest Income | - | 0.75 | 1.48 | 2.64 | 5.57 |
| Interest Expense | - | 14.36 | 26.09 | 20.55 | 14.88 |
| Net Interest Income | - | -13.61 | -24.61 | -17.91 | -9.31 |
| Other Non Operating Income Expenses | - | -0.67 | 1.76 | 2.73 | -2.79 |
| Other Income Expense | - | -0.67 | 1.76 | 2.73 | -2.79 |
| Interest Income Non Operating | - | 0.75 | 1.48 | 2.64 | 5.57 |
| Interest Expense Non Operating | - | 14.36 | 26.09 | 20.55 | 14.88 |
| Net Non Operating Interest Income Expense | - | -13.61 | -24.61 | -17.91 | -9.31 |
| Pretax Income | - | 134.31 | 175.12 | 149.63 | 139.51 |
| Tax Provision | - | 32.38 | 38.96 | 33.70 | 35.71 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 101.93 | 136.16 | 115.93 | 103.80 |
| Net Income From Continuing And Discontinued Operation | - | 101.93 | 136.16 | 115.93 | 103.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 101.93 | 136.16 | 115.93 | 103.80 |
| Net Income | - | 101.93 | 136.16 | 115.93 | 103.80 |
| Net Income Common Stockholders | - | 101.93 | 136.16 | 115.93 | 103.80 |
| Net Income Including Noncontrolling Interests | - | 101.93 | 136.16 | 115.93 | 103.80 |
| Normalized Income | - | 101.93 | 136.16 | 115.93 | 103.80 |
| Diluted NI Availto Com Stockholders | - | 101.93 | 136.16 | 115.93 | 103.80 |
| Basic Average Shares | - | 11.88 | 11.92 | 11.97 | 12.02 |
| Diluted Average Shares | - | 11.93 | 11.99 | 12.04 | 12.08 |
| Reconciled Depreciation | - | 46.69 | 47.97 | 53.08 | 55.37 |
| Reconciled Cost Of Revenue | - | 1,105.69 | 1,203.55 | 1,179.17 | 1,167.07 |
| Depreciation Amortization Depletion Income Statement | - | 15.28 | 15.52 | 16.23 | 16.55 |
| Depreciation And Amortization In Income Statement | - | 15.28 | 15.52 | 16.23 | 16.55 |
| Amortization | - | 15.28 | 15.52 | 16.23 | 16.55 |
| Amortization Of Intangibles Income Statement | - | 15.28 | 15.52 | 16.23 | 16.55 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Alamo Group Inc.this co. | ALG | $1.8B | 17.78β premium | 1.61 | 9.0% | 8.33 |
| Werner Enterprises, Inc. | WERN | $2.6B | - | 1.90 | -1.1% | 10.78 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.23 | 2.40 | 23.5% | 8.20 |
| Kennametal Inc. | KMT | $2.5B | 26.92 | 1.95 | 7.3% | 10.26 |
| DXP Enterprises, Inc. | DXPE | $2.5B | 28.20 |
| - |
| - |
| - |
| - |
| - |
| 5.02 |
| 17.8% |
| 14.18 |
| DNOW Inc. | DNOW | $2.5B | -27.69 | 1.10 | -4.0% | -99.50 |
| ABM Industries Incorporated | ABM | $2.3B | 14.37 | 1.31 | 9.1% | 9.26 |
| CoreCivic, Inc. | CXW | $2.3B | 19.57 | 1.62 | 8.3% | 10.14 |
| Pitney Bowes Inc. | PBI | $2.3B | 15.67 | -2.83 | -18.0% | 10.12 |
| Peer Median | - | 15.67 | 1.76 | 7.8% | 10.13 | |