TEXNYSEIndustrial Trucks, Tractors, Trailors & StackersFiscal year ends December 31
TEREX CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$50.76−0.23 (-0.45%)
Close on Oct 19, 2026
- Market cap
- $5.80B
- P/E (TTM)
- 25.9
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
19.4%+1.9 pts over 5 years
Operating margin
8.8%+6.5 pts over 5 years
Net margin
4.1%+4.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.7% | +7.1% | +12.0% | +0.8% | |
| Gross profit | -1.6% | +6.5% | +14.3% | +0.8% | |
| Operating income | -9.7% | +4.2% | +47.3% | +3.9% | |
| Net income | -34.0% | -9.7% | – | +4.2% | |
| EPS, diluted | -32.9% | -8.3% | – | +9.6% | |
| Free cash flow | +70.4% | +28.7% | +14.9% | +8.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -10.5% | – | – | |
| Return on assets | -3.3% | -0.3% | 3.7% | |
| Current ratio | 1.92 | 2.60 | 2.30 | |
| Debt to equity | 1.06 | – | – | |
| Net debt to EBITDA | -17.00× | 4.31× | 2.87× | |
| Interest coverage | -1.4× | 1.0× | 2.7× | |
| Inventory turnover | 3.9× | 3.5× | 3.9× | |
| Capex to revenue | 1.3% | 2.1% | 2.2% | |
| Diluted shares | 108M | 70M | 66M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Terex generated $1.78B from operations and spent $1.03B on capital expenditure, dividends and share buybacks. 54% of that went back into the business.
Generated
$1.78B
Used
$1.03B
Capital expenditure$551.70M54%Dividends$203.50M20%Share buybacks$272.00M26%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.2%
×Asset turnover1.30×
×Equity multiplier3.73×
=Return on equity, FY20196.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2019 | 1.2% | 1.30× | 3.73× | 6.1% |
| FY2018 | 2.5% | 1.30× | 3.34× | 10.9% |
| FY2017 | 3.4% | 0.90× | 3.13× | 9.5% |
| FY2016 | -4.0% | 0.84× | 3.16× | -10.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$221.00M
- Cash generatingOperating cash flow above zero$440.00M
- Return on assets improvedROA up on the prior year9.3% → 3.9%
- Earnings backed by cashOperating cash flow above net income$440.00M vs $221.00M
- Less leverageLong-term debt to assets fell45.0% → 42.0%
- Better liquidityCurrent ratio rose2.16 → 2.30
- No dilutionShare count did not rise68M → 66M
- Gross margin improvedGross margin up on the prior year20.83% → 19.39%
- More efficientAsset turnover rose1.42 → 0.95