8. Valmont Industries (VMI)
Revenue Growth (5Y): 7.8%

Free Cash Flow Growth (5Y): 12.7%

ROIC: 16.4%

LTM P/E: 20.2

Another company headquartered in the Midwest with business segments in infrastructure and agriculture. Valmont is more exposed to commodity (steel) prices and the economic cycle, but targets high-teens returns on capital and >100% net income to free cash flow conversion. That is a sign of quality earnings and advantageous working capital to the benefit of shareholders.