Terex (TEX) Financials

$64.08 +0.48 (+0.76%)

Closing price 03:59 PM Eastern

Extended Trading

$64.24 +0.16 (+0.24%)

As of 08:00 PM Eastern

Annual Income Statements for Terex

This table shows Terex's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	146	-176	129	114	54	-11	221	300	518	335	221
Consolidated Net Income / (Loss)	149	-176	129	114	54	-11	221	300	518	335	221
Net Income / (Loss) Continuing Operations	128	-193	111	242	210	9.00	218	300	517	335	221
Total Pre-Tax Income	196	-271	163	287	248	11	264	367	580	408	292
Total Operating Income	324	-142	228	413	335	68	328	420	637	526	475
Total Gross Profit	971	712	767	962	888	539	757	871	1,177	1,068	1,051
Total Revenue	5,022	4,443	3,794	4,517	4,353	3,076	3,887	4,418	5,152	5,127	5,421
Operating Revenue	5,022	4,443	3,794	4,517	4,353	3,076	3,887	4,418	5,152	5,127	5,421
Total Cost of Revenue	4,051	3,731	3,026	3,555	3,465	2,537	3,129	3,547	3,975	4,059	4,370
Operating Cost of Revenue	4,051	3,731	3,026	3,555	3,465	2,537	3,129	3,547	3,975	4,059	4,370
Total Operating Expenses	648	854	539	549	553	471	429	451	540	542	576
Selling, General & Admin Expense	648	678	539	549	553	471	429	451	540	542	576
Total Other Income / (Expense), net	-128	-129	-65	-125	-88	-57	-64	-53	-57	-118	-183
Interest Expense	108	102	120	74	88	66	81	49	63	89	177
Interest & Investment Income	3.80	4.30	6.30	8.70	6.50	3.60	3.70	3.00	7.00	13	12
Other Income / (Expense), net	-24	-31	49	-61	-6.10	4.90	13	-7.00	-1.00	-42	-18
Income Tax Expense	68	-77	52	45	38	2.00	46	67	63	73	71
Other Adjustments to Consolidated Net Income / (Loss)	3.40	3.50	67	2.40	0.10	-	-	0.00	1.00	-	0.00
Basic Earnings per Share	$1.36	($1.63)	$1.39	$1.51	$0.77	($0.15)	$3.17	$4.38	$7.67	$5.00	$3.36
Weighted Average Basic Shares Outstanding	107.40M	107.90M	92.80M	75.40M	71.10M	69.60M	69.70M	68.50M	67.50M	67M	65.80M
Diluted Earnings per Share	$1.33	($1.63)	$1.36	$1.48	$0.76	($0.15)	$3.12	$4.32	$7.58	$4.96	$3.33
Weighted Average Diluted Shares Outstanding	109.60M	107.90M	94.90M	76.90M	71.80M	70.10M	70.90M	69.40M	68.30M	67.60M	66.30M
Weighted Average Basic & Diluted Shares Outstanding	107.30M	108M	92.60M	75.30M	70.70M	69.40M	69.70M	67.50M	67M	66.40M	113.70M
Cash Dividends to Common per Share	$0.06	$0.07	$0.32	$0.40	$0.44	$0.12	$0.48	$0.52	$0.64	$0.68	$0.68

This table shows Terex's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	119	127	109	141	88	-2.20	21	72	65	63	-89
Consolidated Net Income / (Loss)	119	127	109	141	88	-2.20	21	72	65	63	-89
Net Income / (Loss) Continuing Operations	119	128	109	141	88	-2.20	21	72	65	63	-93
Total Pre-Tax Income	149	106	137	174	99	-1.60	26	89	94	83	-126
Total Operating Income	163	116	158	193	122	53	69	129	140	137	-82
Total Gross Profit	292	263	297	329	245	197	247	291	282	248	206
Total Revenue	1,290	1,223	1,292	1,382	1,212	1,241	1,229	1,487	1,387	1,318	1,734
Operating Revenue	1,290	1,223	1,292	1,382	1,212	1,241	1,229	1,487	1,387	1,318	1,734
Total Cost of Revenue	998	960	995	1,053	967	1,044	982	1,196	1,105	1,070	1,528
Operating Cost of Revenue	998	960	995	1,053	967	1,044	982	1,196	1,105	1,070	1,528
Total Operating Expenses	129	147	139	136	123	145	178	162	142	111	288
Selling, General & Admin Expense	129	147	139	136	123	145	161	162	142	111	241
Amortization Expense	-	-	-	-	-	-	17	-	-	-	47
Total Other Income / (Expense), net	-14	-10	-21	-19	-23	-54	-43	-40	-46	-54	-44
Interest Expense	17	16	15	15	13	45	43	44	45	45	47
Interest & Investment Income	2.00	1.90	4.00	2.00	3.00	4.40	2.00	2.00	3.00	5.00	4.00
Other Income / (Expense), net	1.00	3.40	-10	-6.00	-13	-13	-2.00	2.00	-4.00	-14	-1.00
Income Tax Expense	30	-22	28	33	11	0.60	5.00	17	29	20	-33
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	0.00	-	-	-	4.00
Basic Earnings per Share	$1.77	$1.88	$1.62	$2.09	$1.32	($0.03)	$0.32	$1.10	$0.99	$0.95	($0.93)
Weighted Average Basic Shares Outstanding	67.40M	67.50M	67M	67.20M	66.90M	67M	66.30M	65.60M	65.60M	65.80M	96.10M
Diluted Earnings per Share	$1.75	$1.85	$1.60	$2.08	$1.31	($0.03)	$0.31	$1.09	$0.98	$0.95	($0.93)
Weighted Average Diluted Shares Outstanding	68.20M	68.30M	67.90M	67.70M	67.40M	67.60M	66.90M	65.90M	66.20M	66.30M	96.10M
Weighted Average Basic & Diluted Shares Outstanding	67.30M	67M	67.30M	66.90M	66.80M	66.40M	65.60M	65.60M	65.60M	113.70M	114.20M
Cash Dividends to Common per Share	$0.17	-	$0.17	$0.17	$0.17	-	$0.17	$0.17	$0.17	-	$0.17

This table details how cash moves in and out of Terex's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-12	35	82	-258	168	130	-403	37	67	17	384
Net Cash From Operating Activities	228	377	153	94	173	225	293	261	459	326	440
Net Cash From Continuing Operating Activities	205	377	153	94	173	225	293	261	459	326	440
Net Income / (Loss) Continuing Operations	149	-176	129	114	54	-11	221	300	518	335	221
Consolidated Net Income / (Loss)	149	-176	129	114	54	-11	221	300	518	335	221
Depreciation Expense	132	97	67	60	50	50	50	47	56	82	158
Non-Cash Adjustments To Reconcile Net Income	103	335	6.70	140	164	74	73	53	53	55	-2.00
Changes in Operating Assets and Liabilities, net	-157	121	-49	-219	-95	112	-50	-139	-168	-146	63
Net Cash From Investing Activities	-173	-12	1,536	-86	104	-39	-102	-154	-114	-2,127	32
Net Cash From Continuing Investing Activities	-173	-12	1,536	-86	104	-39	-102	-154	-114	-2,127	32
Purchase of Property, Plant & Equipment	-104	-73	-44	-104	-109	-65	-60	-110	-127	-137	-118
Acquisitions	-71	-7.00	-	-	0.00	0.00	-43	-50	-24	-2,001	0.00
Sale of Property, Plant & Equipment	3.10	67	803	22	35	-	1.90	0.00	34	1.00	3.00
Divestitures	-	3.50	776	2.50	178	16	-	-	0.00	0.00	109
Other Investing Activities, net	-0.60	-2.50	0.00	-6.70	-	10	-1.70	6.00	3.00	10	38
Net Cash From Financing Activities	-29	-310	-1,607	-245	-104	-83	-580	-55	-288	1,837	-123
Net Cash From Continuing Financing Activities	-29	-310	-1,607	-245	-104	-83	-580	-55	-288	1,837	-123
Repayment of Debt	-1,415	-1,295	-1,663	-1,170	-1,682	-188	-1,144	-239	-425	-285	-119
Repurchase of Common Equity	-51	-83	-925	-428	-7.40	-56	-3.00	-101	-63	-49	-56
Payment of Dividends	-26	-30	-30	-30	-31	-8.40	-34	-36	-43	-46	-45
Issuance of Debt	1,463	1,098	1,011	1,382	1,617	170	600	321	243	2,217	97
Effect of Exchange Rate Changes	-38	-20	-	-21	-5.50	26	-14	-15	10	-19	35

This table details how cash moves in and out of Terex's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	54	19	-6.00	-46	32	36	-90	76	135	263	-380
Net Cash From Operating Activities	139	190	-34	67	116	177	-21	102	154	205	-31
Net Cash From Continuing Operating Activities	139	190	-34	67	116	177	-21	102	154	205	-31
Net Income / (Loss) Continuing Operations	119	127	109	141	88	-2.00	21	72	65	63	-89
Consolidated Net Income / (Loss)	119	127	109	141	88	-2.00	21	72	65	63	-89
Depreciation Expense	12	19	15	15	15	37	39	40	41	38	77
Non-Cash Adjustments To Reconcile Net Income	11	15	28	14	3.30	9.00	12	6.00	27	-47	146
Changes in Operating Assets and Liabilities, net	-2.80	29	-186	-104	10	133	-93	-16	21	151	-165
Net Cash From Investing Activities	-33	-60	-36	-16	-29	-2,047	-26	-12	-6.00	76	-467
Net Cash From Continuing Investing Activities	-33	-60	-36	-16	-29	-2,047	-26	-12	-6.00	76	-467
Purchase of Property, Plant & Equipment	-33	-55	-35	-24	-29	-49	-36	-24	-24	-34	-26
Acquisitions	-0.20	-8.00	-2.00	-	-0.20	-1,999	-2.00	-	-	-	-467
Other Investing Activities, net	-0.40	3.00	1.00	8.60	0.40	-	12	12	18	-2.00	26
Net Cash From Financing Activities	-42	-127	71	-94	-66	1,925	-50	-34	-14	-25	122
Net Cash From Continuing Financing Activities	-42	-127	71	-94	-66	1,925	-50	-34	-14	-25	122
Repayment of Debt	-30	-144	-42	-67	-46	-130	-68	-26	-10	-15	-94
Repurchase of Common Equity	-0.60	-27	-3.00	-19	-13	-15	-32	-23	-	-1.00	0.00
Payment of Dividends	-12	-11	-11	-11	-11	-12	-11	-11	-12	-11	-19
Issuance of Debt	0.30	55	127	3.80	4.00	2,082	61	26	8.00	2.00	235
Effect of Exchange Rate Changes	-9.80	16	-7.00	-3.00	10	-19	7.00	-	-	7.00	-4.00

This table presents Terex's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	5,616	5,007	3,463	3,486	3,196	3,032	2,864	3,118	3,615	5,730	6,139
Total Current Assets	3,140	2,701	2,383	2,423	2,020	1,879	1,768	1,962	2,245	2,320	2,725
Cash & Equivalents	371	429	627	340	535	665	267	304	371	388	772
Accounts Receivable	703	513	580	535	402	381	508	548	548	643	712
Inventories, net	1,064	854	970	919	848	610	814	988	1,186	1,147	1,109
Prepaid Expenses	253	173	207	170	235	222	180	122	140	142	132
Plant, Property, & Equipment, net	372	305	311	317	389	407	430	466	570	714	760
Total Noncurrent Assets	2,104	2,002	769	746	787	747	666	691	800	2,696	2,654
Goodwill	459	260	274	265	270	275	280	284	295	1,093	1,091
Intangible Assets	23	18	14	11	9.70	8.30	13	17	16	1,107	1,027
Other Noncurrent Operating Assets	462	552	481	401	507	463	373	389	489	496	536
Total Liabilities & Shareholders' Equity	5,616	5,007	3,463	3,486	3,196	3,032	2,864	3,118	3,615	5,730	6,139
Total Liabilities	3,704	3,486	2,240	2,625	2,263	2,110	1,754	1,937	1,943	3,898	4,044
Total Current Liabilities	1,459	1,407	1,036	1,215	872	723	910	999	1,119	1,073	1,187
Short-Term Debt	66	14	5.20	4.10	6.90	7.60	5.60	1.90	3.00	4.00	6.00
Accounts Payable	561	523	592	687	508	370	538	625	703	580	683
Current Deferred Revenue	-	-	-	-	-	-	-	-	-	-	44
Current Employee Benefit Liabilities	129	125	160	123	100	86	109	103	135	117	123
Other Current Liabilities	206	230	278	221	216	212	258	269	278	372	331
Total Noncurrent Liabilities	2,245	2,079	1,205	1,410	1,391	1,387	844	938	824	2,825	2,857
Long-Term Debt	1,730	1,562	980	1,211	1,169	1,166	669	774	620	2,580	2,578
Noncurrent Deferred Revenue	-	-	-	-	-	-	-	-	-	-	20
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	8.00
Other Noncurrent Operating Liabilities	60	51	74	113	222	221	176	165	204	245	251
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,912	1,521	1,223	861	932	922	1,110	1,181	1,672	1,832	2,095
Total Preferred & Common Equity	1,877	1,485	1,222	861	932	922	1,110	1,181	1,672	1,832	2,095
Total Common Equity	1,877	1,485	1,222	861	932	922	1,110	1,181	1,672	1,832	2,095
Common Stock	1,275	1,301	1,323	798	825	839	861	883	907	922	943
Retained Earnings	2,105	1,898	1,996	749	771	750	937	1,201	1,675	1,964	2,139
Treasury Stock	-852	-935	-1,858	-402	-407	-459	-460	-560	-623	-672	-722
Accumulated Other Comprehensive Income / (Loss)	-650	-779	-240	-285	-258	-208	-229	-342	-287	-382	-265

This table presents Terex's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,977	3,281	3,415	3,461	3,760	3,780	3,781	5,840	6,152	6,166	10,188
Total Current Assets	1,867	2,090	2,218	2,245	2,390	2,402	2,381	2,436	2,684	2,743	3,171
Cash & Equivalents	232	254	298	352	365	319	352	298	374	509	392
Accounts Receivable	531	630	681	645	685	719	670	783	904	821	970
Inventories, net	981	1,083	1,122	1,117	1,218	1,233	1,222	1,204	1,255	1,207	1,656
Prepaid Expenses	123	123	117	130	122	130	137	151	151	206	153
Plant, Property, & Equipment, net	450	479	491	501	574	575	602	720	742	738	935
Total Noncurrent Assets	659	712	707	716	797	803	798	2,684	2,726	2,685	6,082
Goodwill	273	287	291	285	292	291	301	1,086	1,102	1,089	2,539
Intangible Assets	18	17	17	16	15	14	14	1,088	1,068	1,048	2,986
Other Noncurrent Operating Assets	369	408	399	416	490	498	483	510	556	548	557
Total Liabilities & Shareholders' Equity	2,977	3,281	3,415	3,461	3,760	3,780	3,781	5,840	6,152	6,166	10,188
Total Liabilities	1,942	1,987	1,983	1,965	2,028	1,956	1,824	3,996	4,187	4,149	5,366
Total Current Liabilities	953	1,051	1,074	1,062	1,105	1,088	996	1,153	1,293	1,275	1,724
Short-Term Debt	1.90	2.10	2.40	2.40	3.20	3.40	4.00	4.00	10	13	4.00
Accounts Payable	589	687	690	668	699	704	593	668	766	696	931
Current Deferred Revenue	-	-	-	-	-	-	-	-	-	-	215
Current Employee Benefit Liabilities	-	-	-	-	-	99	109	117	120	127	168
Other Current Liabilities	314	362	381	391	403	282	290	364	397	439	406
Total Noncurrent Liabilities	989	936	909	903	923	868	828	2,843	2,894	2,874	3,642
Long-Term Debt	825	775	734	706	721	662	624	2,582	2,583	2,580	2,745
Noncurrent Deferred Revenue	-	-	-	-	-	-	-	-	-	-	198
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	398
Other Noncurrent Operating Liabilities	165	161	175	197	202	206	204	261	311	294	301
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,035	1,295	1,432	1,496	1,732	1,824	1,957	1,844	1,965	2,017	4,822
Total Preferred & Common Equity	1,035	1,295	1,432	1,496	1,732	1,824	1,957	1,844	1,965	2,017	4,822
Total Common Equity	1,035	1,295	1,432	1,496	1,732	1,824	1,957	1,844	1,965	2,017	4,822
Common Stock	875	870	880	889	901	910	915	920	928	935	3,802
Retained Earnings	1,117	1,303	1,452	1,560	1,772	1,901	1,977	1,974	2,035	2,087	2,031
Treasury Stock	-556	-563	-595	-595	-625	-644	-656	-700	-722	-721	-734
Accumulated Other Comprehensive Income / (Loss)	-401	-315	-305	-357	-316	-343	-279	-350	-276	-284	-277

This table displays calculated financial ratios and metrics derived from Terex's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.43%	-11.52%	-14.62%	19.07%	-3.63%	-29.33%	26.34%	13.67%	16.61%	-0.49%	5.73%
EBITDA Growth	-22.88%	-117.55%	552.44%	19.86%	-8.04%	-67.50%	218.05%	17.59%	50.43%	-18.21%	8.66%
EBIT Growth	-24.08%	-157.51%	260.43%	27.09%	-6.54%	-77.71%	365.21%	21.11%	54.00%	-23.90%	-5.58%
NOPAT Growth	-41.39%	-146.81%	256.18%	124.02%	-18.27%	-80.28%	383.23%	26.95%	65.39%	-23.94%	-16.76%
Net Income Growth	-53.36%	-217.79%	173.33%	-11.66%	-52.15%	-119.49%	2,183.96%	35.81%	72.67%	-35.33%	-34.03%
EPS Growth	-52.33%	-222.56%	183.44%	8.82%	-48.65%	-119.74%	2,180.00%	38.46%	75.46%	-34.56%	-32.86%
Operating Cash Flow Growth	-44.61%	65.76%	-59.43%	-38.43%	84.08%	29.99%	30.17%	-11.04%	75.86%	-28.98%	34.97%
Free Cash Flow Firm Growth	83.83%	-61.02%	-80.73%	334.56%	-59.18%	7.19%	-7.37%	12.83%	42.83%	-664.12%	128.74%
Invested Capital Growth	-35.18%	-29.53%	3.31%	-6.74%	6.69%	-9.07%	6.05%	8.95%	16.42%	109.36%	-3.00%
Revenue Q/Q Growth	20.76%	3.42%	-11.25%	14.00%	-3.63%	-3.10%	5.52%	5.44%	0.11%	0.35%	1.44%
EBITDA Q/Q Growth	-3.42%	-128.19%	1,260.14%	-14.41%	-2.25%	18.61%	12.16%	8.98%	1.18%	-9.90%	15.82%
EBIT Q/Q Growth	-0.20%	-208.42%	383.71%	-15.75%	-1.62%	29.96%	14.62%	10.22%	0.19%	-14.15%	22.19%
NOPAT Q/Q Growth	-28.31%	-124.40%	274.10%	22.60%	-14.23%	33.92%	16.27%	15.03%	6.78%	-18.82%	22.79%
Net Income Q/Q Growth	-30.18%	-263.26%	215.95%	-5.25%	1,854.84%	-178.95%	22.86%	12.53%	7.20%	-27.83%	42.58%
EPS Q/Q Growth	-30.37%	-268.04%	270.00%	-6.33%	3,700.00%	-150.00%	22.83%	12.79%	7.52%	-27.49%	41.70%
Operating Cash Flow Q/Q Growth	-4.21%	-1.90%	-30.64%	-50.32%	-9.78%	22.57%	-36.30%	255.10%	7.75%	-3.92%	6.80%
Free Cash Flow Firm Q/Q Growth	162.54%	-70.33%	-57.07%	67.47%	-66.38%	133.63%	-48.99%	246.60%	-3.97%	-1,202.94%	130.50%
Invested Capital Q/Q Growth	-38.35%	-27.21%	-10.68%	-17.27%	0.69%	-5.83%	9.05%	1.42%	3.85%	80.39%	-4.73%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.34%	16.03%	20.23%	21.29%	20.39%	17.53%	19.49%	19.71%	22.85%	20.83%	19.39%
EBITDA Margin	8.61%	-1.71%	9.05%	9.11%	8.70%	4.00%	10.06%	10.41%	13.43%	11.04%	11.34%
Operating Margin	6.45%	-3.19%	6.02%	9.13%	7.70%	2.22%	8.44%	9.51%	12.36%	10.26%	8.76%
EBIT Margin	5.98%	-3.88%	7.30%	7.79%	7.56%	2.38%	8.77%	9.35%	12.34%	9.44%	8.43%
Profit (Net Income) Margin	2.97%	-3.95%	3.39%	2.52%	1.25%	-0.34%	5.68%	6.79%	10.05%	6.53%	4.08%
Tax Burden Percent	76.14%	64.83%	78.76%	39.60%	21.98%	-96.36%	83.74%	81.74%	89.31%	82.11%	75.68%
Interest Burden Percent	65.21%	156.84%	59.01%	81.59%	75.25%	15.01%	77.36%	88.86%	91.20%	84.30%	63.90%
Effective Tax Rate	34.49%	0.00%	32.07%	15.81%	15.27%	18.18%	17.55%	18.26%	10.86%	17.89%	24.32%
Return on Invested Capital (ROIC)	7.68%	-5.36%	9.97%	22.73%	18.63%	3.73%	18.35%	21.66%	31.75%	14.51%	9.06%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.35%	-62.17%	-4.37%	-25.35%	-17.97%	-7.86%	7.54%	11.80%	17.98%	6.60%	2.15%
Return on Net Nonoperating Assets (RNNOA)	-0.14%	-4.86%	-0.58%	-11.82%	-12.56%	-4.87%	3.40%	4.53%	4.56%	4.61%	2.19%
Return on Equity (ROE)	7.54%	-10.22%	9.38%	10.91%	6.07%	-1.14%	21.75%	26.19%	36.31%	19.12%	11.26%
Cash Return on Invested Capital (CROIC)	50.37%	29.28%	6.71%	29.71%	12.16%	13.22%	12.48%	13.10%	16.57%	-56.19%	12.11%
Operating Return on Assets (OROA)	5.20%	-3.25%	6.54%	10.13%	9.85%	2.35%	11.57%	13.81%	18.89%	10.36%	7.70%
Return on Assets (ROA)	2.58%	-3.30%	3.04%	3.27%	1.63%	-0.34%	7.49%	10.03%	15.39%	7.17%	3.72%
Return on Common Equity (ROCE)	7.41%	-10.01%	9.26%	10.91%	6.07%	-1.14%	21.75%	26.19%	36.31%	19.12%	11.26%
Return on Equity Simple (ROE_SIMPLE)	7.94%	-11.82%	10.53%	13.21%	5.84%	-1.15%	19.91%	25.40%	30.98%	18.29%	0.00%
Net Operating Profit after Tax (NOPAT)	212	-99	155	347	284	56	270	343	568	432	360
NOPAT Margin	4.22%	-2.23%	4.09%	7.69%	6.52%	1.82%	6.96%	7.77%	11.02%	8.42%	6.63%
Net Nonoperating Expense Percent (NNEP)	8.03%	56.81%	14.33%	48.08%	36.60%	11.58%	10.81%	9.86%	13.77%	7.92%	6.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	17.55%	24.74%	9.78%	7.68%
Cost of Revenue to Revenue	80.66%	83.97%	79.77%	78.71%	79.61%	82.47%	80.51%	80.29%	77.15%	79.17%	80.61%
SG&A Expenses to Revenue	12.89%	15.26%	14.21%	12.16%	12.70%	15.31%	11.05%	10.21%	10.48%	10.57%	10.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.89%	19.23%	14.21%	12.16%	12.70%	15.31%	11.05%	10.21%	10.48%	10.57%	10.63%
Earnings before Interest and Taxes (EBIT)	300	-173	277	352	329	73	341	413	636	484	457
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	433	-76	343	412	379	123	391	460	692	566	615
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.97	2.07	3.08	2.21	2.17	2.51	2.67	2.38	2.29	1.69	1.67
Price to Tangible Book Value (P/TBV)	1.30	2.54	4.02	3.26	3.09	3.63	3.63	3.20	2.81	0.00	0.00
Price to Revenue (P/Rev)	0.36	0.69	0.99	0.42	0.46	0.75	0.76	0.64	0.74	0.60	0.65
Price to Earnings (P/E)	12.47	0.00	29.20	16.74	37.12	0.00	13.41	9.39	7.38	9.22	15.84
Dividend Yield	1.43%	0.97%	0.72%	1.55%	1.55%	1.35%	1.13%	1.25%	1.13%	1.47%	1.27%
Earnings Yield	8.02%	0.00%	3.42%	5.97%	2.69%	0.00%	7.46%	10.65%	13.56%	10.85%	6.31%
Enterprise Value to Invested Capital (EV/IC)	1.51	2.78	2.60	1.88	1.69	1.97	2.22	1.99	2.12	1.31	1.36
Enterprise Value to Revenue (EV/Rev)	0.65	0.96	1.09	0.62	0.61	0.92	0.87	0.74	0.79	1.03	0.98
Enterprise Value to EBITDA (EV/EBITDA)	7.58	0.00	11.99	6.75	7.03	22.94	8.62	7.15	5.89	9.33	8.64
Enterprise Value to EBIT (EV/EBIT)	10.93	0.00	14.87	7.90	8.09	38.49	9.88	7.96	6.40	10.92	11.63
Enterprise Value to NOPAT (EV/NOPAT)	15.46	0.00	26.56	8.00	9.37	50.41	12.46	9.57	7.17	12.23	14.78
Enterprise Value to Operating Cash Flow (EV/OCF)	14.41	11.27	26.91	29.50	15.34	12.52	11.49	12.59	8.87	16.21	12.08
Enterprise Value to Free Cash Flow (EV/FCFF)	2.36	7.85	39.43	6.12	14.36	14.21	18.32	15.84	13.74	0.00	11.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.94	1.04	0.81	1.41	1.26	1.27	0.61	0.66	0.37	1.41	1.23
Long-Term Debt to Equity	0.90	1.03	0.80	1.41	1.25	1.27	0.60	0.65	0.37	1.41	1.23
Financial Leverage	0.40	0.08	0.13	0.47	0.70	0.62	0.45	0.38	0.25	0.70	1.02
Leverage Ratio	2.92	3.09	3.09	3.34	3.73	3.36	2.90	2.61	2.36	2.67	3.02
Compound Leverage Factor	1.91	4.85	1.82	2.72	2.80	0.50	2.25	2.32	2.15	2.25	1.93
Debt to Total Capital	48.44%	50.88%	44.62%	58.52%	55.77%	56.02%	37.79%	39.63%	27.15%	58.51%	55.23%
Short-Term Debt to Total Capital	1.79%	0.45%	0.24%	0.20%	0.33%	0.36%	0.31%	0.10%	0.13%	0.09%	0.13%
Long-Term Debt to Total Capital	46.65%	50.44%	44.38%	58.32%	55.45%	55.66%	37.48%	39.54%	27.02%	58.42%	55.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.93%	1.18%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.63%	47.94%	55.36%	41.46%	44.23%	43.98%	62.21%	60.37%	72.85%	41.49%	44.77%
Debt to EBITDA	4.15	-20.76	2.87	2.95	3.11	9.54	1.72	1.69	0.90	4.57	4.20
Net Debt to EBITDA	3.29	-15.12	1.04	2.13	1.69	4.14	1.04	1.02	0.36	3.88	2.95
Long-Term Debt to EBITDA	4.00	-20.58	2.85	2.94	3.09	9.48	1.71	1.68	0.90	4.56	4.19
Debt to NOPAT	8.47	-15.88	6.35	3.50	4.14	20.97	2.49	2.26	1.10	5.98	7.19
Net Debt to NOPAT	6.72	-11.56	2.31	2.52	2.26	9.09	1.51	1.37	0.44	5.08	5.04
Long-Term Debt to NOPAT	8.16	-15.74	6.32	3.49	4.12	20.84	2.47	2.25	1.09	5.97	7.17
Altman Z-Score	2.25	2.14	3.64	2.78	3.01	2.56	3.58	3.64	4.21	2.39	2.44
Noncontrolling Interest Sharing Ratio	1.72%	2.07%	1.35%	0.05%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.15	1.92	2.30	1.99	2.32	2.60	1.94	1.96	2.01	2.16	2.30
Quick Ratio	0.74	0.67	1.17	0.72	1.07	1.45	0.85	0.85	0.82	0.96	1.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,390	542	104	454	185	199	184	208	296	-1,672	481
Operating Cash Flow to CapEx	225.92%	6,501.72%	0.00%	115.30%	234.64%	349.46%	507.61%	237.27%	493.55%	239.71%	382.61%
Free Cash Flow to Firm to Interest Expense	12.85	5.29	0.87	6.17	2.11	3.01	2.27	4.24	4.70	-18.79	2.71
Operating Cash Flow to Interest Expense	2.10	3.68	1.28	1.28	1.97	3.42	3.63	5.33	7.29	3.66	2.49
Operating Cash Flow Less CapEx to Interest Expense	1.17	3.63	7.62	0.17	1.13	2.44	2.91	3.08	5.81	2.13	1.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.87	0.84	0.90	1.30	1.30	0.99	1.32	1.48	1.53	1.10	0.91
Accounts Receivable Turnover	5.61	7.31	6.95	8.10	9.29	7.86	8.75	8.37	9.41	8.61	8.00
Inventory Turnover	3.21	3.89	3.32	3.77	3.92	3.48	4.40	3.94	3.66	3.48	3.87
Fixed Asset Turnover	9.46	13.14	12.33	14.38	12.32	7.73	9.30	9.87	9.95	7.99	7.36
Accounts Payable Turnover	6.25	6.89	5.43	5.56	5.80	5.78	6.90	6.10	5.99	6.33	6.92
Days Sales Outstanding (DSO)	65.04	49.94	52.55	45.04	39.28	46.46	41.74	43.59	38.81	42.39	45.62
Days Inventory Outstanding (DIO)	113.74	93.80	109.96	96.94	93.04	104.88	83.04	92.71	99.83	104.90	94.22
Days Payable Outstanding (DPO)	58.43	53.00	67.24	65.68	62.95	63.16	52.93	59.80	60.95	57.69	52.75
Cash Conversion Cycle (CCC)	120.36	90.74	95.26	76.30	69.37	88.18	71.85	76.50	77.68	89.60	87.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,171	1,530	1,581	1,474	1,573	1,430	1,517	1,653	1,924	4,028	3,907
Invested Capital Turnover	1.82	2.40	2.44	2.96	2.86	2.05	2.64	2.79	2.88	1.72	1.37
Increase / (Decrease) in Invested Capital	-1,178	-641	51	-107	99	-143	87	136	271	2,104	-121
Enterprise Value (EV)	3,279	4,252	4,117	2,779	2,660	2,821	3,370	3,287	4,073	5,283	5,314
Market Capitalization	1,820	3,068	3,758	1,903	2,019	2,312	2,963	2,816	3,821	3,087	3,502
Book Value per Share	$17.30	$14.02	$14.53	$11.68	$13.08	$13.30	$15.90	$17.50	$24.84	$27.43	$31.94
Tangible Book Value per Share	$12.86	$11.39	$11.11	$7.92	$9.15	$9.20	$11.69	$13.03	$20.22	($5.51)	($0.35)
Total Capital	3,708	3,097	2,207	2,076	2,108	2,095	1,784	1,957	2,295	4,416	4,679
Total Debt	1,796	1,576	985	1,215	1,176	1,174	674	776	623	2,584	2,584
Total Long-Term Debt	1,730	1,562	980	1,211	1,169	1,166	669	774	620	2,580	2,578
Net Debt	1,425	1,147	358	875	641	509	407	471	252	2,196	1,812
Capital Expenditures (CapEx)	101	5.80	-760	82	74	65	58	110	93	136	115
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,377	879	726	873	619	498	597	661	758	863	772
Debt-free Net Working Capital (DFNWC)	1,748	1,307	1,353	1,212	1,154	1,163	864	965	1,129	1,251	1,544
Net Working Capital (NWC)	1,682	1,294	1,348	1,208	1,147	1,155	858	963	1,126	1,247	1,538
Net Nonoperating Expense (NNE)	63	76	26	234	229	67	50	43	50	97	139
Net Nonoperating Obligations (NNO)	259	9.00	358	613	641	509	407	471	252	2,196	1,812
Total Depreciation and Amortization (D&A)	132	97	67	60	50	50	50	47	56	82	158
Debt-free, Cash-free Net Working Capital to Revenue	27.42%	19.78%	19.14%	19.32%	14.22%	16.18%	15.35%	14.97%	14.71%	16.83%	14.24%
Debt-free Net Working Capital to Revenue	34.81%	29.42%	35.66%	26.84%	26.51%	37.80%	22.22%	21.85%	21.91%	24.40%	28.48%
Net Working Capital to Revenue	33.49%	29.11%	35.52%	26.75%	26.36%	37.55%	22.07%	21.81%	21.86%	24.32%	28.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.36	($1.63)	$1.39	$1.51	$0.77	($0.15)	$3.17	$4.38	$7.67	$5.00	$3.36
Adjusted Weighted Average Basic Shares Outstanding	107.40M	107.90M	92.80M	75.40M	71.10M	69.60M	69.70M	68.50M	67.50M	67M	65.80M
Adjusted Diluted Earnings per Share	$1.33	($1.63)	$1.36	$1.48	$0.76	($0.15)	$3.12	$4.32	$7.58	$4.96	$3.33
Adjusted Weighted Average Diluted Shares Outstanding	109.60M	107.90M	94.90M	76.90M	71.80M	70.10M	70.90M	69.40M	68.30M	67.60M	66.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	108.60M	105.90M	81M	70.40M	70.70M	69.40M	69.70M	67.50M	67M	66.40M	113.70M
Normalized Net Operating Profit after Tax (NOPAT)	212	24	155	347	284	56	270	343	568	432	360
Normalized NOPAT Margin	4.22%	0.54%	4.09%	7.69%	6.52%	1.82%	6.96%	7.77%	11.02%	8.42%	6.63%
Pre Tax Income Margin	3.90%	-6.09%	4.31%	6.36%	5.69%	0.36%	6.79%	8.31%	11.26%	7.96%	5.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.77	-1.69	2.31	4.79	3.74	1.11	4.22	8.43	10.10	5.44	2.58
NOPAT to Interest Expense	1.96	-0.97	1.29	4.72	3.23	0.85	3.34	7.01	9.01	4.85	2.03
EBIT Less CapEx to Interest Expense	1.84	-1.74	8.65	3.68	2.90	0.13	3.50	6.18	8.62	3.91	1.93
NOPAT Less CapEx to Interest Expense	1.03	-1.03	7.64	3.61	2.39	-0.13	2.63	4.76	7.54	3.32	1.38
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.32%	-17.09%	22.92%	26.39%	57.72%	-79.25%	15.17%	12.00%	8.30%	13.73%	20.36%
Augmented Payout Ratio	51.41%	-64.22%	741.57%	402.37%	71.32%	-607.55%	16.52%	45.67%	20.46%	28.36%	45.70%

This table displays calculated financial ratios and metrics derived from Terex's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	113,700,000.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	113,700,000.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.78
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.13%	0.44%	4.60%	-1.53%	-6.05%	1.44%	-4.88%	7.60%	14.44%	6.20%	41.09%
EBITDA Growth	34.02%	6.52%	2.91%	-7.36%	-29.59%	-44.96%	-34.97%	-15.35%	42.74%	109.09%	-105.66%
EBIT Growth	36.89%	1.18%	1.23%	-8.93%	-33.54%	-67.11%	-54.73%	-29.95%	24.77%	207.50%	-223.88%
NOPAT Growth	41.49%	34.92%	3.25%	-10.76%	-16.70%	-73.87%	-55.67%	-33.27%	-10.73%	180.29%	-203.00%
Net Income Growth	45.48%	37.74%	-3.64%	-11.73%	-26.05%	-101.73%	-80.73%	-48.94%	-26.14%	2,200.00%	-523.81%
EPS Growth	45.83%	40.15%	-2.44%	-11.11%	-25.14%	-101.62%	-80.63%	-47.60%	-25.19%	3,266.67%	-400.00%
Operating Cash Flow Growth	63.96%	21.17%	-472.53%	-44.90%	-16.38%	-6.84%	38.24%	52.24%	32.76%	15.82%	-47.62%
Free Cash Flow Firm Growth	36.61%	-315.91%	-148.37%	-97.11%	-192.68%	-1,483.90%	-1,241.40%	-1,238.99%	-551.28%	110.89%	-56.38%
Invested Capital Growth	13.69%	16.42%	15.06%	15.98%	20.53%	109.36%	97.60%	92.79%	83.65%	-3.00%	73.74%
Revenue Q/Q Growth	-8.06%	-5.18%	5.72%	6.90%	-12.28%	2.38%	-0.95%	20.99%	-6.72%	-4.97%	31.56%
EBITDA Q/Q Growth	-19.55%	-21.18%	17.63%	24.57%	-38.86%	-38.39%	38.74%	61.32%	3.51%	-9.04%	-103.73%
EBIT Q/Q Growth	-20.43%	-26.95%	23.97%	26.91%	-41.93%	-63.85%	70.05%	95.52%	3.82%	-9.56%	-167.48%
NOPAT Q/Q Growth	-25.56%	8.22%	-10.05%	24.02%	-30.51%	-66.05%	51.36%	87.26%	-7.24%	7.42%	-155.20%
Net Income Q/Q Growth	-25.35%	6.72%	-14.43%	29.68%	-37.46%	-102.50%	1,054.55%	242.86%	-9.72%	-3.08%	-241.27%
EPS Q/Q Growth	-25.21%	5.71%	-13.51%	30.00%	-37.02%	-102.29%	1,133.33%	251.61%	-10.09%	-3.06%	-197.89%
Operating Cash Flow Q/Q Growth	15.33%	36.49%	-117.78%	296.17%	75.04%	52.06%	-111.86%	585.71%	50.98%	33.12%	-115.12%
Free Cash Flow Firm Q/Q Growth	-28.13%	-40.46%	-11.76%	3.33%	-90.25%	-660.12%	3.97%	3.81%	7.24%	112.70%	-1,479.81%
Invested Capital Q/Q Growth	-0.99%	3.85%	8.64%	3.78%	2.89%	80.39%	2.58%	1.26%	-1.98%	-4.73%	83.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.64%	21.53%	23.00%	23.77%	20.21%	15.90%	18.71%	19.57%	20.33%	18.82%	11.88%
EBITDA Margin	13.65%	11.35%	12.60%	14.68%	10.23%	6.16%	8.62%	11.50%	12.76%	12.22%	-0.35%
Operating Margin	12.64%	9.52%	12.25%	13.98%	10.07%	4.24%	5.61%	8.68%	10.09%	10.39%	-4.73%
EBIT Margin	12.71%	9.79%	11.44%	13.58%	8.99%	3.18%	5.45%	8.81%	9.81%	9.33%	-4.79%
Profit (Net Income) Margin	9.22%	10.38%	8.39%	10.18%	7.26%	-0.18%	1.71%	4.84%	4.69%	4.78%	-5.13%
Tax Burden Percent	79.87%	119.81%	79.49%	80.82%	88.89%	137.50%	80.77%	80.90%	69.15%	75.90%	70.63%
Interest Burden Percent	90.85%	88.48%	92.29%	92.75%	90.83%	-4.06%	38.81%	67.94%	69.12%	67.48%	151.81%
Effective Tax Rate	20.13%	-21.04%	20.51%	19.18%	11.11%	0.00%	19.23%	19.10%	30.85%	24.10%	0.00%
Return on Invested Capital (ROIC)	29.83%	33.18%	25.95%	28.99%	22.38%	5.11%	7.38%	11.42%	11.78%	10.78%	-3.47%
ROIC Less NNEP Spread (ROIC-NNEP)	27.48%	29.34%	22.02%	25.08%	15.91%	1.92%	4.76%	8.90%	9.08%	8.74%	-4.83%
Return on Net Nonoperating Assets (RNNOA)	10.33%	7.44%	6.42%	6.05%	2.91%	1.34%	3.52%	6.02%	5.39%	8.92%	-3.37%
Return on Equity (ROE)	40.16%	40.62%	32.36%	35.04%	25.29%	6.46%	10.90%	17.44%	17.17%	19.70%	-6.83%
Cash Return on Invested Capital (CROIC)	17.73%	16.57%	15.26%	12.58%	7.42%	-56.19%	-53.91%	-53.53%	-49.74%	12.11%	-49.50%
Operating Return on Assets (OROA)	20.33%	14.99%	16.93%	19.59%	12.69%	3.48%	5.75%	9.17%	10.54%	8.52%	-3.54%
Return on Assets (ROA)	14.75%	15.89%	12.42%	14.68%	10.24%	-0.19%	1.80%	5.04%	5.04%	4.37%	-3.80%
Return on Common Equity (ROCE)	40.16%	40.62%	32.36%	35.04%	25.29%	6.46%	10.90%	17.44%	17.17%	19.70%	-6.83%
Return on Equity Simple (ROE_SIMPLE)	32.30%	0.00%	29.67%	27.15%	23.72%	0.00%	13.39%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	130	141	126	156	108	37	56	104	97	104	-57
NOPAT Margin	10.09%	11.52%	9.74%	11.29%	8.95%	2.97%	4.53%	7.02%	6.98%	7.89%	-3.31%
Net Nonoperating Expense Percent (NNEP)	2.35%	3.84%	3.93%	3.91%	6.47%	3.19%	2.62%	2.52%	2.70%	2.05%	1.36%
Return On Investment Capital (ROIC_SIMPLE)	-	6.14%	-	-	-	0.83%	1.26%	2.29%	2.10%	2.22%	-0.76%
Cost of Revenue to Revenue	77.36%	78.47%	77.00%	76.23%	79.79%	84.10%	81.29%	80.43%	79.67%	81.18%	88.12%
SG&A Expenses to Revenue	10.00%	12.02%	10.75%	9.79%	10.15%	11.66%	13.10%	10.89%	10.24%	8.42%	13.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.00%	12.02%	10.75%	9.79%	10.15%	11.66%	13.10%	10.89%	10.24%	8.42%	16.61%
Earnings before Interest and Taxes (EBIT)	164	120	148	188	109	39	67	131	136	123	-83
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	176	139	163	203	124	76	106	171	177	161	-6.00
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.56	2.29	2.49	2.02	1.81	1.69	1.36	1.56	1.67	1.67	1.39
Price to Tangible Book Value (P/TBV)	3.21	2.81	3.02	2.42	2.16	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.75	0.74	0.83	0.71	0.69	0.60	0.50	0.59	0.63	0.65	1.13
Price to Earnings (P/E)	7.94	7.38	8.38	7.43	7.63	9.22	10.16	17.21	21.71	15.84	60.54
Dividend Yield	1.05%	1.13%	1.03%	1.24%	1.29%	1.47%	1.80%	1.46%	1.33%	1.27%	1.15%
Earnings Yield	12.60%	13.56%	11.93%	13.46%	13.11%	10.85%	9.85%	5.81%	4.61%	6.31%	1.65%
Enterprise Value to Invested Capital (EV/IC)	2.26	2.12	2.23	1.86	1.71	1.31	1.16	1.26	1.33	1.36	1.26
Enterprise Value to Revenue (EV/Rev)	0.81	0.79	0.90	0.78	0.75	1.03	0.95	1.02	1.02	0.98	1.53
Enterprise Value to EBITDA (EV/EBITDA)	6.13	5.89	6.70	5.92	6.07	9.33	9.42	11.05	10.26	8.64	18.05
Enterprise Value to EBIT (EV/EBIT)	6.60	6.40	7.32	6.51	6.77	10.92	11.90	15.22	14.57	11.63	29.57
Enterprise Value to NOPAT (EV/NOPAT)	7.88	7.17	8.16	7.28	7.17	12.23	13.20	16.87	18.61	14.78	36.65
Enterprise Value to Operating Cash Flow (EV/OCF)	9.84	8.87	11.21	11.12	11.25	16.21	14.15	14.12	13.23	12.08	21.11
Enterprise Value to Free Cash Flow (EV/FCFF)	13.58	13.74	15.65	15.83	25.17	0.00	0.00	0.00	0.00	11.06	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.37	0.42	0.36	0.32	1.41	1.40	1.32	1.29	1.23	0.57
Long-Term Debt to Equity	0.47	0.37	0.42	0.36	0.32	1.41	1.40	1.31	1.28	1.23	0.57
Financial Leverage	0.38	0.25	0.29	0.24	0.18	0.70	0.74	0.68	0.59	1.02	0.70
Leverage Ratio	2.54	2.36	2.33	2.21	2.10	2.67	2.68	2.62	2.50	3.02	2.40
Compound Leverage Factor	2.31	2.09	2.15	2.05	1.90	-0.11	1.04	1.78	1.73	2.04	3.65
Debt to Total Capital	32.14%	27.15%	29.48%	26.74%	24.29%	58.51%	58.37%	56.89%	56.25%	55.23%	36.31%
Short-Term Debt to Total Capital	0.11%	0.13%	0.13%	0.14%	0.15%	0.09%	0.09%	0.22%	0.28%	0.13%	0.05%
Long-Term Debt to Total Capital	32.03%	27.02%	29.35%	26.60%	24.14%	58.42%	58.28%	56.67%	55.97%	55.10%	36.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.86%	72.85%	70.52%	73.26%	75.71%	41.49%	41.63%	43.11%	43.75%	44.77%	63.69%
Debt to EBITDA	1.04	0.90	1.04	0.98	1.00	4.57	5.08	5.42	4.88	4.20	5.47
Net Debt to EBITDA	0.52	0.36	0.52	0.51	0.44	3.88	4.50	4.64	3.92	2.95	4.69
Long-Term Debt to EBITDA	1.03	0.90	1.04	0.97	0.99	4.56	5.07	5.40	4.86	4.19	5.46
Debt to NOPAT	1.33	1.10	1.27	1.20	1.18	5.98	7.12	8.28	8.86	7.19	11.10
Net Debt to NOPAT	0.67	0.44	0.63	0.63	0.52	5.08	6.30	7.09	7.12	5.04	9.52
Long-Term Debt to NOPAT	1.33	1.09	1.26	1.20	1.17	5.97	7.10	8.25	8.81	7.17	11.09
Altman Z-Score	3.86	3.74	3.86	3.79	3.78	2.13	2.02	2.08	2.19	2.26	1.76
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.11	2.01	2.16	2.21	2.39	2.16	2.11	2.08	2.15	2.30	1.84
Quick Ratio	0.94	0.82	0.95	0.95	1.03	0.96	0.94	0.99	1.04	1.25	0.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-93	-131	-148	-143	-272	-2,067	-1,985	-1,909	-1,771	225	-3,104
Operating Cash Flow to CapEx	429.63%	345.45%	-96.86%	274.79%	402.77%	368.75%	-61.76%	425.00%	641.67%	602.94%	-119.23%
Free Cash Flow to Firm to Interest Expense	-5.47	-8.31	-9.86	-9.16	-20.92	-45.53	-46.17	-43.40	-39.36	5.00	-66.05
Operating Cash Flow to Interest Expense	8.19	12.10	-2.26	4.26	8.95	3.90	-0.49	2.32	3.42	4.56	-0.66
Operating Cash Flow Less CapEx to Interest Expense	6.28	8.60	-4.59	2.71	6.73	2.84	-1.28	1.77	2.89	3.80	-1.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.60	1.53	1.48	1.44	1.41	1.10	1.06	1.04	1.07	0.91	0.74
Accounts Receivable Turnover	8.75	9.41	7.92	7.41	7.77	8.61	6.90	6.37	7.17	8.00	6.76
Inventory Turnover	3.81	3.66	3.49	3.40	3.40	3.48	3.36	3.38	3.58	3.87	3.44
Fixed Asset Turnover	10.82	9.95	9.90	9.74	9.27	7.99	7.83	7.85	7.98	7.36	7.16
Accounts Payable Turnover	6.36	5.99	5.79	5.75	6.30	6.33	5.94	5.72	6.74	6.92	6.15
Days Sales Outstanding (DSO)	41.71	38.81	46.09	49.28	46.98	42.39	52.92	57.32	50.92	45.62	53.99
Days Inventory Outstanding (DIO)	95.79	99.83	104.63	107.27	107.38	104.90	108.77	107.95	102.05	94.22	106.17
Days Payable Outstanding (DPO)	57.42	60.95	63.03	63.50	57.91	57.69	61.42	63.77	54.15	52.75	59.36
Cash Conversion Cycle (CCC)	80.08	77.68	87.69	93.05	96.45	89.60	100.27	101.49	98.81	87.09	100.80
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,853	1,924	2,091	2,170	2,233	4,028	4,132	4,184	4,101	3,907	7,179
Invested Capital Turnover	2.96	2.88	2.67	2.57	2.50	1.72	1.63	1.63	1.69	1.37	1.05
Increase / (Decrease) in Invested Capital	223	271	274	299	380	2,104	2,041	2,014	1,868	-121	3,047
Enterprise Value (EV)	4,192	4,073	4,667	4,026	3,816	5,283	4,797	5,282	5,449	5,314	9,077
Market Capitalization	3,835	3,821	4,308	3,679	3,540	3,087	2,509	3,063	3,365	3,502	6,720
Book Value per Share	$22.20	$24.84	$25.85	$27.10	$29.25	$27.43	$27.77	$29.95	$30.75	$31.94	$42.41
Tangible Book Value per Share	$17.74	$20.22	$21.27	$22.56	$24.54	($5.51)	($4.97)	($3.13)	($1.83)	($0.35)	($6.18)
Total Capital	2,205	2,295	2,456	2,490	2,585	4,416	4,430	4,558	4,610	4,679	7,571
Total Debt	709	623	724	666	628	2,584	2,586	2,593	2,593	2,584	2,749
Total Long-Term Debt	706	620	721	662	624	2,580	2,582	2,583	2,580	2,578	2,745
Net Debt	356	252	359	346	276	2,196	2,288	2,219	2,084	1,812	2,357
Capital Expenditures (CapEx)	32	55	35	24	29	48	34	24	24	34	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	833	758	923	998	1,037	863	989	1,027	972	772	1,059
Debt-free Net Working Capital (DFNWC)	1,185	1,129	1,288	1,317	1,389	1,251	1,287	1,401	1,481	1,544	1,451
Net Working Capital (NWC)	1,182	1,126	1,284	1,314	1,385	1,247	1,283	1,391	1,468	1,538	1,447
Net Nonoperating Expense (NNE)	11	14	17	15	20	39	35	32	32	41	32
Net Nonoperating Obligations (NNO)	356	252	359	346	276	2,196	2,288	2,219	2,084	1,812	2,357
Total Depreciation and Amortization (D&A)	12	19	15	15	15	37	39	40	41	38	77
Debt-free, Cash-free Net Working Capital to Revenue	16.18%	14.71%	17.72%	19.24%	20.30%	16.83%	19.53%	19.87%	18.19%	14.24%	17.87%
Debt-free Net Working Capital to Revenue	23.02%	21.91%	24.72%	25.39%	27.19%	24.40%	25.41%	27.10%	27.71%	28.48%	24.49%
Net Working Capital to Revenue	22.98%	21.86%	24.66%	25.33%	27.11%	24.32%	25.34%	26.91%	27.47%	28.37%	24.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.77	$1.88	$1.62	$2.09	$1.32	($0.03)	$0.32	$1.10	$0.99	$0.95	($0.93)
Adjusted Weighted Average Basic Shares Outstanding	67.40M	67.50M	67M	67.20M	66.90M	67M	66.30M	65.60M	65.60M	65.80M	96.10M
Adjusted Diluted Earnings per Share	$1.75	$1.85	$1.60	$2.08	$1.31	($0.03)	$0.31	$1.09	$0.98	$0.95	($0.93)
Adjusted Weighted Average Diluted Shares Outstanding	68.20M	68.30M	67.90M	67.70M	67.40M	67.60M	66.90M	65.90M	66.20M	66.30M	96.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	67.30M	67M	67.30M	66.90M	66.80M	66.40M	65.60M	65.60M	65.60M	113.70M	114.20M
Normalized Net Operating Profit after Tax (NOPAT)	130	81	126	156	108	37	56	104	97	104	-57
Normalized NOPAT Margin	10.09%	6.66%	9.74%	11.29%	8.95%	2.97%	4.53%	7.02%	6.98%	7.89%	-3.31%
Pre Tax Income Margin	11.55%	8.67%	10.56%	12.60%	8.17%	-0.13%	2.12%	5.99%	6.78%	6.30%	-7.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.65	7.63	9.86	12.03	8.38	0.87	1.56	2.98	3.02	2.73	-1.77
NOPAT to Interest Expense	7.66	8.97	8.39	10.00	8.34	0.81	1.30	2.37	2.15	2.31	-1.22
EBIT Less CapEx to Interest Expense	7.74	4.13	7.53	10.48	6.16	-0.19	0.77	2.43	2.49	1.98	-2.32
NOPAT Less CapEx to Interest Expense	5.75	5.47	6.06	8.45	6.12	-0.25	0.51	1.83	1.62	1.56	-1.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.44%	8.30%	8.64%	9.23%	9.74%	13.73%	18.62%	25.28%	29.68%	20.36%	47.75%
Augmented Payout Ratio	16.87%	20.46%	20.78%	19.10%	22.84%	28.36%	50.20%	71.91%	74.84%	45.70%	69.37%

Financials Breakdown Chart

Key Financial Trends

MarketBeat (Terex Corp, TEX) — four-year look at quarterly statements shows a company with improving cash flow and a recovering profit trajectory, but with leverage to manage and cyclicality to watch.

Revenue trend shows a multi-year upcycle: quarterly operating revenue moved from roughly $1.12B in 2022 to around $1.49B in 2025 (noting a dip in some quarters). This indicates meaningful top-line growth across the period despite seasonality.
Gross margin has remained solid and broadly stable, typically in the 18%–21% range across the period, signaling consistent pricing power and cost discipline.
Operating cash flow improved in 2025: Q2 and Q3 produced positive cash from operations, with Q4 2025 showing a particularly strong run of roughly $100M+ in net cash from continuing operating activities, supporting liquidity and potential deleveraging.
Net income and earnings per share improved in 2025 versus 2024: quarterly net income (continuing operations) crept into positive territory in 2025 (e.g., around $65–72M per quarter) and diluted EPS moved above the $1.00 mark in several quarters, signaling a positive conversion in profitability.
Liquidity remains solid: cash & equivalents around $0.5B and current assets near $2.7B with current liabilities about $1.3B as of mid-2025, yielding a healthy current ratio well above 2x.
Debt and leverage sit at a meaningful level but are historically manageable given cash generation: long-term debt runs around $2.6B and total liabilities around $4.0–$4.2B, producing a debt load that investors should monitor relative to cash flow generation.
Investing cash flow remains a cash outflow due to ongoing capex and acquisitions, reflecting continued investment in capacity and growth opportunities, a normal pattern for a manufacturing equipment company.
Profitability can still be cyclical: some quarters (notably late 2024 and early 2025) show muted or negative net income before normalization in later 2025 periods, underscoring sensitivity to macro and demand cycles.
Sequential softness in late 2025: Q4 2025 revenue declined vs Q3 2025 (about $1.318B vs $1.389B), which points to ongoing seasonality or demand variability that investors should monitor.

05/11/26 06:15 PM ETAI Generated. May Contain Errors.

Terex Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Terex's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Terex's net income appears to be on an upward trend, with a most recent value of $221 million in 2025, rising from $149 million in 2015. The previous period was $335 million in 2024. Find out what analysts predict for Terex in the coming months.

Terex's total operating income in 2025 was $475 million, based on the following breakdown:

Total Gross Profit: $1.05 billion
Total Operating Expenses: $576 million

Over the last 10 years, Terex's total revenue changed from $5.02 billion in 2015 to $5.42 billion in 2025, a change of 8.0%.

Terex's total liabilities were at $4.04 billion at the end of 2025, a 3.7% increase from 2024, and a 9.2% increase since 2015.

In the past 10 years, Terex's cash and equivalents has ranged from $266.90 million in 2021 to $772 million in 2025, and is currently $772 million as of their latest financial filing in 2025.

Over the last 10 years, Terex's book value per share changed from 17.30 in 2015 to 31.94 in 2025, a change of 84.6%.

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Financial statements for NYSE:TEX last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Terex (TEX) Financials

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Terex (TEX) Financials

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Terex Financials - Frequently Asked Questions

When does Terex's financial year end?

How has Terex's net income changed over the last 10 years?

What is Terex's operating income?

How has Terex's revenue changed over the last 10 years?

How much debt does Terex have?

How much cash does Terex have?

How has Terex's book value per share changed over the last 10 years?

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