TEX

MKT CAP:$4B

Terex Corporation

Market Cap

$4B

Industrials·Agricultural - Machinery·🇺🇸 United States·NYSE

Industrials·Agricultural·🇺🇸·NYSE

Stock Price

$62.35+$7.32 (+13.30%)

Apr 24, 2026

Company Details

Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, serv...

CEO

Simon A. Meester

IPO Date

Mar 19, 1980

Website

www.terex.com

Key Metrics TTM

Revenue

$5.4B

+5.7% YoY

Net Income

$221M

EPS (Diluted)

$3.34

Free Cash Flow

$322M

Revenue / Share

$81.76

Gross Margin

19.4%

Operating Margin

8.8%

Net Margin

4.1%

FCF Margin

5.9%

P/S

0.8x

P/E

18.6x

Earnings Reports

Q1 2026

May 1, 2026

PENDING

FY 2025

Feb 13, 2026

$5.4B+5.7%EPS $3.33

Q4 2025

Feb 13, 2026

$1.3B+6.2%EPS $0.95

Q3 2025

Oct 31, 2025

$1.4B+14.4%EPS $0.99

Q2 2025

Jul 31, 2025

$1.5B+7.6%EPS $1.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1.0B	$186M	$75M
Q2 22	$1.1B	$213M	$104M
Q3 22	$1.1B	$237M	$121M
Q4 22	$1.2B	$235M	$121M
Q1 23	$1.2B	$279M	$148M
Q2 23	$1.4B	$343M	$210M
Q3 23	$1.3B	$292M	$163M
Q4 23	$1.2B	$263M	$116M
Q1 24	$1.3B	$297M	$158M
Q2 24	$1.4B	$328M	$193M
Q3 24	$1.2B	$245M	$122M
Q4 24	$1.2B	$197M	$53M
Q1 25	$1.2B	$230M	$69M
Q2 25	$1.5B	$292M	$130M
Q3 25	$1.4B	$282M	$140M
Q4 25	$1.3B	$248M	$137M

Valuation

Quarter	P/S	P/E
Q1 22	1.0x	17.6x
Q2 22	1.0x	17.6x
Q3 22	1.0x	15.4x
Q4 22	0.9x	13.7x
Q1 23	0.9x	11.4x
Q2 23	0.8x	9.2x
Q3 23	0.8x	8.5x
Q4 23	0.8x	7.9x
Q1 24	0.8x	8.0x
Q2 24	0.8x	8.3x
Q3 24	0.8x	8.8x
Q4 24	0.8x	12.2x
Q1 25	0.8x	16.6x
Q2 25	0.8x	22.9x
Q3 25	0.8x	26.3x
Q4 25	0.8x	18.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$52M	-$72M
Q2 22	$71M	$44M
Q3 22	$85M	$53M
Q4 22	$157M	$126M
Q1 23	$9M	-$11M
Q2 23	$121M	$102M
Q3 23	$139M	$106M
Q4 23	$191M	$135M
Q1 24	-$34M	-$69M
Q2 24	$67M	$43M
Q3 24	$116M	$87M
Q4 24	$177M	$128M
Q1 25	-$21M	-$57M
Q2 25	$102M	$78M
Q3 25	$154M	$130M
Q4 25	$205M	$171M

Capital Expenditures

Quarter	CapEx
Q1 22	$20M
Q2 22	$27M
Q3 22	$32M
Q4 22	$31M
Q1 23	$20M
Q2 23	$19M
Q3 23	$33M
Q4 23	$56M
Q1 24	$35M
Q2 24	$24M
Q3 24	$29M
Q4 24	$49M
Q1 25	$36M
Q2 25	$24M
Q3 25	$24M
Q4 25	$34M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+16.0%	+15.6%
Q2 22	+3.7%	+6.2%
Q3 22	+12.7%	+8.7%
Q4 22	+23.0%	+19.2%
Q1 23	+23.3%	+17.2%
Q2 23	+30.3%	+22.6%
Q3 23	+15.1%	+12.7%
Q4 23	+0.4%	+0.9%
Q1 24	+4.6%	+4.2%
Q2 24	-1.5%	-0.4%
Q3 24	-6.0%	-3.3%
Q4 24	+1.5%	+7.3%
Q1 25	-4.9%	+2.3%
Q2 25	+7.6%	+14.2%
Q3 25	+14.4%	+14.4%
Q4 25	+6.2%	-0.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$9M	0.9%
Q2 22	$7M	0.6%
Q3 22	$7M	0.6%
Q4 22	$7M	0.6%
Q1 23	$8M	0.6%
Q2 23	$10M	0.7%
Q3 23	$9M	0.7%
Q4 23	$18M	1.5%
Q1 24	$10M	0.8%
Q2 24	$8M	0.6%
Q3 24	$5M	0.4%
Q4 24	$7M	0.6%
Q1 25	$0	0.0%
Q2 25	$18M	1.2%
Q3 25	$7M	0.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	—	$111M
Q2 22	—	$109M
Q3 22	—	$116M
Q4 22	$56M	$57M
Q1 23	—	$132M
Q2 23	—	$134M
Q3 23	—	$130M
Q4 23	$28M	$121M
Q1 24	—	$139M
Q2 24	—	$137M
Q3 24	—	$124M
Q4 24	$25M	$119M
Q1 25	—	$161M
Q2 25	—	$162M
Q3 25	—	$142M
Q4 25	—	$111M

Revenue Segments

Quarter	Aerial Work Platforms Products	Materials Processing Equipment	Other Products And Services	Specialty Equipment	Utility Products	ESG Equipment
Q1 22	$403M	$268M	$36M	$185M	$111M	—
Q2 22	$437M	$282M	$45M	$199M	$115M	—
Q3 22	$506M	$277M	$41M	$180M	$117M	—
Q4 22	$454M	$328M	$93M	$219M	$123M	—
Q1 23	$485M	$334M	$72M	$216M	$128M	—
Q2 23	$586M	$338M	$83M	$240M	$157M	—
Q3 23	$528M	$371M	$78M	$170M	$143M	—
Q4 23	$438M	$369M	$81M	$189M	$146M	—
Q1 24	$543M	$357M	$80M	$163M	$150M	—
Q2 24	$625M	$331M	$107M	$168M	$151M	—
Q3 24	$506M	$273M	$113M	$171M	$149M	—
Q1 25	$386M	$237M	$86M	$145M	$132M	$243M
Q2 25	$500M	$281M	$129M	$173M	$157M	$247M

Revenue by Geography

Quarter	Asia Pacific	North America	Other Geographic Areas	Western Europe
Q1 22	$142M	$534M	$75M	$253M
Q2 22	$142M	$624M	$75M	$237M
Q3 22	$161M	$642M	$81M	$236M
Q4 22	$168M	$698M	$123M	$229M
Q1 23	$153M	$684M	$108M	$291M
Q2 23	$160M	$848M	$107M	$288M
Q3 23	$170M	$781M	$94M	$246M
Q4 23	$179M	$718M	$107M	$219M
Q1 24	$147M	$794M	$89M	$262M
Q2 24	$141M	$893M	$100M	$248M
Q3 24	$130M	$809M	$82M	$191M
Q4 24	$138M	$871M	$77M	$156M
Q1 25	$102M	$898M	$67M	$162M
Q2 25	$110M	$1.1B	$75M	$215M
Q3 25	$120M	$996M	$74M	$197M
Q4 25	$122M	$937M	$91M	$168M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$218M	$0	$218M
Q2 22	$253M	$0	$253M
Q3 22	$232M	$0	$232M
Q4 22	$304M	$0	$304M
Q1 23	$254M	$0	$254M
Q2 23	$298M	$0	$298M
Q3 23	$352M	$0	$352M
Q4 23	$371M	$0	$371M
Q1 24	$365M	$0	$365M
Q2 24	$319M	$0	$319M
Q3 24	$352M	$0	$352M
Q4 24	$388M	$0	$388M
Q1 25	$298M	$0	$298M
Q2 25	$374M	$0	$374M
Q3 25	$509M	$0	$509M
Q4 25	$772M	$0	$772M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	71M	0.0%	+0.1%
Q2 22	69M	-2.3%	-2.3%
Q3 22	68M	-1.3%	-3.5%
Q4 22	69M	+0.3%	-3.2%
Q1 23	69M	+0.3%	-3.0%
Q2 23	68M	-1.0%	-1.7%
Q3 23	68M	+0.1%	-0.3%
Q4 23	68M	-0.1%	-0.7%
Q1 24	68M	-0.3%	-1.3%
Q2 24	68M	-0.3%	-0.6%
Q3 24	67M	-0.4%	-1.2%
Q4 24	67M	0.0%	-1.0%
Q1 25	68M	+0.3%	-0.4%
Q2 25	66M	-2.5%	-2.7%
Q3 25	66M	0.0%	-2.2%
Q4 25	66M	+0.6%	-1.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$116.6K	9K
Q2 22	$125.2K	9K
Q3 22	$130.3K	9K
Q4 22	$130.9K	9K
Q1 23	$132.9K	9K
Q2 23	$150.9K	9K
Q3 23	$138.7K	9K
Q4 23	$119.9K	10K
Q1 24	$126.7K	10K
Q2 24	$135.5K	10K
Q3 24	$118.8K	10K
Q4 24	$108.9K	11K
Q1 25	$107.8K	11K
Q2 25	$130.4K	11K
Q3 25	$121.7K	11K
Q4 25	$231.2K	6K

Revenue / Employee