NYSE : TEX
Terex Corporation — Financial statements
Industrials · Farm & Heavy Construction Machinery · United States
Last price 56.15 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.31B
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Financial statements
Terex Corporation (TEX) reported revenue of 7.49B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 7.49B | 5.42B | 5.13B | 5.15B | 4.42B | 3.89B |
| Cost of Revenue | 6.25B | 4.37B | 4.06B | 3.98B | 3.55B | 3.13B |
| Gross Profit | 1.24B | 1.05B | 1.07B | 1.18B | 871.00M | 757.40M |
| Selling, General & Admin | 706.00M | 540.00M | 517.00M | 512.00M | 429.00M | 377.80M |
| Research & Development | 39.00M | 39.00M | 25.00M | 28.00M | 22.00M | 52.20M |
| Operating Expenses | 841.00M | 579.00M | 542.00M | 540.00M | 451.00M | 430.00M |
| Operating Income | 401.00M | 472.00M | 526.00M | 637.00M | 420.00M | 327.40M |
| Interest Expense | -192.00M | -177.00M | -89.00M | -63.00M | -49.00M | -51.50M |
| Interest & Investment Income | 19.00M | 12.00M | 13.00M | 7.00M | 3.00M | 3.70M |
| Currency Exchange Gain (Loss) | 500.00K | |||||
| Other Non Operating Income (Expenses) | -14.00M | -10.00M | -17.00M | -1.00M | -7.00M | 13.00M |
| EBT Excluding Unusual Items | 214.00M | 297.00M | 433.00M | 580.00M | 367.00M | 293.10M |
| Merger & Restructuring Charges | -58.00M | -39.00M | -25.00M | |||
| Gain (Loss) on Sale of Investments | 3.00M | 3.00M | ||||
| Gain (Loss) on Sale of Assets | 41.00M | 41.00M | 6.40M | |||
| Asset Writedown | -6.30M | |||||
| Legal Settlements | -10.00M | -10.00M | ||||
| Other Unusual Items | 40.00M | -29.40M | ||||
| Pretax Income | 230.00M | 292.00M | 408.00M | 580.00M | 367.00M | 263.80M |
| Income Tax Expense | 36.00M | 71.00M | 73.00M | 63.00M | 67.00M | 46.30M |
| Earnings From Continuing Operations | 194.00M | 221.00M | 335.00M | 517.00M | 300.00M | 217.50M |
| Earnings From Discontinued Operations | 4.00M | 1.00M | 3.40M | |||
| Net Income to Company | 198.00M | 221.00M | 335.00M | 518.00M | 300.00M | 220.90M |
| Net Income | 198.00M | 221.00M | 335.00M | 518.00M | 300.00M | 220.90M |
| Net Income to Common | 198.00M | 221.00M | 335.00M | 518.00M | 300.00M | 220.90M |
| Shares Outstanding (Basic) | 97.00M | 65.80M | 67.00M | 67.50M | 68.50M | 69.70M |
| Shares Outstanding (Diluted) | 97.72M | 66.30M | 67.60M | 68.30M | 69.40M | 70.90M |
| EPS (Basic) | 2.04 | 3.36 | 5.00 | 7.67 | 4.38 | 3.17 |
| EPS (Diluted) | 2.02 | 3.33 | 4.96 | 7.57 | 4.32 | 3.12 |
| Free Cash Flow | 419.00M | 322.00M | 189.00M | 332.00M | 151.00M | 233.70M |
| Free Cash Flow Per Share | 4.29 | 4.86 | 2.80 | 4.86 | 2.18 | 3.30 |
| Dividend Per Share | 0.68 | 0.68 | 0.68 | 0.64 | 0.52 | 0.48 |
| Gross Margin | 16.59% | 19.39% | 20.83% | 22.84% | 19.71% | 19.49% |
| Operating Margin | 5.36% | 8.71% | 10.26% | 12.36% | 9.51% | 8.42% |
| Profit Margin | 2.65% | 4.08% | 6.53% | 10.05% | 6.79% | 5.68% |
| Free Cash Flow Margin | 5.60% | 5.94% | 3.69% | 6.44% | 3.42% | 6.01% |
| EBITDA | 692.00M | 630.00M | 608.00M | 693.00M | 467.00M | 377.60M |
| EBITDA Margin | 9.24% | 11.62% | 11.86% | 13.45% | 10.57% | 9.71% |
| D&A For EBITDA | 291.00M | 158.00M | 82.00M | 56.00M | 47.00M | 50.20M |
| EBIT | 401.00M | 472.00M | 526.00M | 637.00M | 420.00M | 327.40M |
| EBIT Margin | 5.36% | 8.71% | 10.26% | 12.36% | 9.51% | 8.42% |
| Effective Tax Rate | 15.65% | 24.32% | 17.89% | 10.86% | 18.26% | 17.55% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 407.00M | 772.00M | 388.00M | 371.00M | 304.10M | 266.90M |
| Cash & Short-Term Investments | 407.00M | 772.00M | 388.00M | 371.00M | 304.10M | 266.90M |
| Accounts Receivable | 1.01B | 712.00M | 643.00M | 548.00M | 547.50M | 507.70M |
| Other Receivables | 109.00M | 18.00M | 27.00M | 11.00M | 14.70M | 52.40M |
| Receivables | 1.12B | 730.00M | 670.00M | 559.00M | 562.20M | 560.10M |
| Inventory | 1.63B | 1.11B | 1.15B | 1.19B | 988.40M | 813.50M |
| Prepaid Expenses | 183.00M | 114.00M | 115.00M | 125.00M | 105.30M | 122.40M |
| Other Current Assets | 53.00M | 4.00M | 2.00M | 4.90M | ||
| Total Current Assets | 3.40B | 2.73B | 2.32B | 2.25B | 1.96B | 1.77B |
| Property, Plant & Equipment | 966.00M | 886.00M | 850.00M | 696.00M | 555.00M | 528.80M |
| Goodwill | 2.51B | 1.09B | 1.09B | 295.00M | 284.40M | 280.10M |
| Other Intangible Assets | 2.90B | 1.03B | 1.11B | 16.00M | 17.40M | 13.40M |
| Long-Term Deferred Charges | 39.00M | 45.00M | 8.00M | 9.50M | 12.00M | |
| Other Long-Term Assets | 367.00M | 371.00M | 315.00M | 355.00M | 289.80M | 261.40M |
| Total Assets | 10.30B | 6.14B | 5.73B | 3.62B | 3.12B | 2.86B |
| Accounts Payable | 986.00M | 683.00M | 580.00M | 703.00M | 624.60M | 537.70M |
| Accrued Expenses | 172.00M | 123.00M | 117.00M | 138.00M | 106.30M | 111.60M |
| Current Portion of Long-Term Debt | 24.00M | 6.00M | 4.00M | 3.00M | 1.90M | 5.60M |
| Current Portion of Leases | 33.00M | 31.00M | 28.00M | 26.30M | 20.20M | |
| Current Unearned Revenue | 21.00M | 20.00M | 5.00M | |||
| Other Current Liabilities | 747.00M | 321.00M | 321.00M | 242.00M | 239.50M | 234.80M |
| Total Current Liabilities | 1.93B | 1.19B | 1.07B | 1.12B | 998.60M | 909.90M |
| Long-Term Debt | 2.54B | 2.57B | 2.57B | 611.00M | 769.40M | 665.00M |
| Long-Term Leases | 11.00M | 107.00M | 115.00M | 101.00M | 67.00M | 76.60M |
| Long-Term Unearned Revenue | 20.00M | 16.00M | 4.00M | |||
| Pension & Post-Retirement Benefits | 45.00M | 46.10M | 56.20M | |||
| Other Long-Term Liabilities | 444.00M | 163.00M | 126.00M | 63.00M | 55.80M | 46.20M |
| Total Liabilities | 5.34B | 4.04B | 3.90B | 1.94B | 1.94B | 1.75B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 900.00K | 900.00K |
| Additional Paid-In Capital | 3.83B | 942.00M | 921.00M | 906.00M | 881.60M | 860.00M |
| Retained Earnings | 2.22B | 2.14B | 1.96B | 1.68B | 1.20B | 936.90M |
| Treasury Stock | -812.00M | -722.00M | -672.00M | -623.00M | -560.30M | -459.70M |
| Comprehensive Income & Other | -276.00M | -265.00M | -382.00M | -287.00M | -341.60M | -228.50M |
| Total Common Equity | 4.96B | 2.10B | 1.83B | 1.67B | 1.18B | 1.11B |
| Shareholders' Equity | 4.96B | 2.10B | 1.83B | 1.67B | 1.18B | 1.11B |
| Total Liabilities & Equity | 10.30B | 6.14B | 5.73B | 3.62B | 3.12B | 2.86B |
| Total Debt | 2.58B | 2.71B | 2.72B | 743.00M | 864.60M | 767.40M |
| Net Cash (Debt) | -2.17B | -1.94B | -2.33B | -372.00M | -560.50M | -500.50M |
| Net Cash Per Share | -22.22 | -29.28 | -34.47 | -5.45 | -8.08 | -7.06 |
| Filing Date Shares Outstanding | 112.40M | 113.70M | 66.40M | 67.00M | 67.50M | 69.70M |
| Total Common Shares Outstanding | 112.40M | 64.90M | 65.70M | 66.10M | 66.80M | 69.20M |
| Working Capital | 1.47B | 1.54B | 1.25B | 1.13B | 963.40M | 857.90M |
| Book Value Per Share | 44.11 | 32.28 | 27.88 | 25.30 | 17.68 | 16.03 |
| Tangible Book Value | -456.00M | -23.00M | -368.00M | 1.36B | 879.40M | 816.10M |
| Tangible Book Value Per Share | -4.06 | -0.35 | -5.60 | 20.59 | 13.16 | 11.79 |
| Machinery | 814.00M | 1.04B | 935.00M | 794.00M | 665.70M | 686.80M |
| Construction In Progress | 78.00M | 79.00M | 111.00M | 74.00M | 92.90M | 26.90M |
| Leasehold Improvements | 67.00M | 63.00M | 60.00M | 52.00M | 49.90M | 50.00M |
| Order Backlog | 2.35B | 2.29B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 198.00M | 221.00M | 335.00M | 518.00M | 300.00M | 220.90M |
| Depreciation & Amortization | 291.00M | 158.00M | 82.00M | 56.00M | 47.00M | 50.20M |
| Loss (Gain) From Sale of Assets | -41.00M | -41.00M | ||||
| Stock-Based Compensation | 70.00M | 32.00M | 30.00M | 44.00M | 30.00M | 33.10M |
| Other Operating Activities | 37.00M | -8.00M | 12.00M | -30.00M | 11.00M | 44.00M |
| Change in Accounts Receivable | -134.00M | -46.00M | 16.00M | 11.00M | -55.00M | -139.00M |
| Change in Inventory | 64.00M | 39.00M | 77.00M | -200.00M | -206.00M | -229.50M |
| Change in Accounts Payable | 114.00M | 118.00M | -241.00M | 58.00M | 96.00M | 173.00M |
| Change in Other Net Operating Assets | -56.00M | -33.00M | 15.00M | 2.00M | 38.00M | 140.70M |
| Operating Cash Flow | 543.00M | 440.00M | 326.00M | 459.00M | 261.00M | 293.40M |
| Capital Expenditures | -124.00M | -118.00M | -137.00M | -127.00M | -110.00M | -59.70M |
| Sale of Property, Plant & Equipment | 3.00M | 3.00M | 1.00M | 34.00M | 1.90M | |
| Cash Acquisitions | -467.00M | -2.00B | -24.00M | -50.00M | -42.70M | |
| Divestitures | 109.00M | 109.00M | ||||
| Other Investing Activities | 36.00M | 38.00M | 10.00M | 3.00M | 6.00M | -1.70M |
| Investing Cash Flow | -443.00M | 32.00M | -2.13B | -114.00M | -154.00M | -102.20M |
| Long-Term Debt Issued | 97.00M | 2.22B | 243.00M | 321.00M | 600.10M | |
| Long-Term Debt Repaid | -104.00M | -222.00M | -402.00M | -224.00M | -1.10B | |
| Net Debt Issued (Repaid) | -21.00M | -7.00M | 2.00B | -159.00M | 97.00M | -503.40M |
| Repurchase of Common Stock | -76.00M | -56.00M | -49.00M | -63.00M | -101.00M | -3.00M |
| Common Dividends Paid | -69.00M | -45.00M | -46.00M | -43.00M | -36.00M | -33.50M |
| Other Financing Activities | -36.00M | -15.00M | -63.00M | -23.00M | -15.00M | -40.20M |
| Financing Cash Flow | -202.00M | -123.00M | 1.84B | -288.00M | -55.00M | -580.10M |
| Foreign Exchange Rate Adjustments | 35.00M | -19.00M | 10.00M | -15.00M | -14.30M | |
| Net Cash Flow | -102.00M | 384.00M | 17.00M | 67.00M | 37.00M | -403.20M |
| Free Cash Flow | 419.00M | 322.00M | 189.00M | 332.00M | 151.00M | 233.70M |
| Free Cash Flow Margin | 5.60% | 5.94% | 3.69% | 6.44% | 3.42% | 6.01% |
| Free Cash Flow Per Share | 4.29 | 4.86 | 2.80 | 4.86 | 2.18 | 3.30 |
| Levered Free Cash Flow | 253.62M | 345.38M | 140.12M | 233.25M | 128.18M | 103.14M |
| Unlevered Free Cash Flow | 373.62M | 456.00M | 195.75M | 272.62M | 158.80M | 135.32M |
| Cash Interest Paid | 156.00M | 156.00M | 53.00M | 39.00M | 37.00M | 51.30M |
| Cash Income Tax Paid | 43.00M | 43.00M | 79.00M | 86.00M | 20.00M | 28.40M |
| Change in Working Capital | -12.00M | 78.00M | -133.00M | -129.00M | -127.00M | -54.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.48B | 3.50B | 3.09B | 3.87B | 2.86B | 3.07B |
| Enterprise Value | 8.65B | 5.59B | 3.36B | 4.31B | 3.45B | 3.41B |
| Last Close Price | 57.68 | 52.96 | 45.16 | 55.47 | 40.76 | 41.36 |
| PE Ratio | 28.50 | 15.85 | 9.22 | 7.46 | 9.53 | 13.89 |
| Forward PE | 10.29 | 9.91 | 9.63 | 8.25 | 9.19 | 11.96 |
| PS Ratio | 0.87 | 0.65 | 0.60 | 0.75 | 0.65 | 0.79 |
| PB Ratio | 1.31 | 1.67 | 1.69 | 2.31 | 2.42 | 2.77 |
| P/TBV Ratio | 2.84 | 3.25 | 3.76 | |||
| P/FCF Ratio | 15.47 | 10.88 | 16.34 | 11.65 | 18.93 | 13.13 |
| P/OCF Ratio | 11.94 | 7.96 | 9.47 | 8.43 | 10.95 | 10.46 |
| PEG Ratio | 0.94 | 4.89 | 4.71 | 0.43 | 0.52 | 0.05 |
| EV/Sales Ratio | 1.16 | 1.03 | 0.66 | 0.84 | 0.78 | 0.88 |
| EV/EBITDA Ratio | 12.51 | 8.87 | 5.53 | 6.23 | 7.39 | 9.03 |
| EV/EBIT Ratio | 21.58 | 11.83 | 6.39 | 6.77 | 8.22 | 10.41 |
| EV/FCF Ratio | 20.65 | 17.35 | 17.80 | 13.00 | 22.87 | 14.59 |
| Debt / Equity Ratio | 0.52 | 1.29 | 1.48 | 0.44 | 0.73 | 0.69 |
| Debt / EBITDA Ratio | 3.46 | 3.97 | 4.12 | 1.00 | 1.70 | 1.84 |
| Debt / FCF Ratio | 6.15 | 8.43 | 14.38 | 2.24 | 5.73 | 3.28 |
| Net Debt / Equity Ratio | 0.44 | 0.93 | 1.27 | 0.22 | 0.47 | 0.45 |
| Net Debt / EBITDA Ratio | 3.14 | 3.08 | 3.83 | 0.54 | 1.20 | 1.32 |
| Net Debt / FCF Ratio | 5.18 | 6.03 | 12.33 | 1.12 | 3.71 | 2.14 |
| Asset Turnover | 0.91 | 0.91 | 1.10 | 1.53 | 1.48 | 1.32 |
| Inventory Turnover | 4.40 | 3.87 | 3.48 | 3.66 | 3.94 | 4.40 |
| Quick Ratio | 0.79 | 1.26 | 0.99 | 0.83 | 0.87 | 0.91 |
| Current Ratio | 1.76 | 2.30 | 2.16 | 2.01 | 1.97 | 1.94 |
| Return on Equity (ROE) | 5.56% | 11.25% | 19.12% | 36.24% | 26.19% | 21.42% |
| Return on Assets (ROA) | 3.04% | 4.97% | 7.04% | 11.83% | 8.78% | 6.94% |
| Return on Invested Capital (ROIC) | 4.72% | 8.71% | 13.92% | 30.00% | 20.49% | 17.13% |
| Return on Capital Employed (ROCE) | 4.80% | 9.50% | 11.30% | 25.50% | 19.80% | 16.80% |
| Earnings Yield | 3.51% | 6.31% | 10.85% | 13.40% | 10.50% | 7.20% |
| FCF Yield | 6.46% | 9.20% | 6.12% | 8.58% | 5.28% | 7.62% |
| Dividend Yield | 1.18% | 1.26% | 1.45% | 1.09% | 1.21% | 1.08% |
| Payout Ratio | 33.60% | 20.36% | 13.73% | 8.30% | 12.00% | 15.17% |
| Buyback Yield / Dilution | -46.68% | 1.92% | 1.03% | 1.58% | 2.12% | -1.14% |
| Total Shareholder Return | -45.50% | 3.18% | 2.47% | 2.68% | 3.33% | -0.06% |