TEX Financials Terex Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:32 UTC Overview →

Growth & profitability

Revenue has grown 12.0% per year over the past 5 years.
Operating margin has expanded, at 8.8% in the latest year.
Free cash flow has grown 14.9% per year over the past 5 years.

Financial health

Total debt ($2.6B) exceeds cash ($772M); net debt is $1.8B.
Total debt has grown faster than revenue (17.2% vs 12.0% per year).
Operating income covered interest expense 2.7× in the latest year, up from 1.0× 5 years ago.
Total debt is 4.1× EBITDA.

Shareholder returns

Dividends have been paid for 13 consecutive years, consuming 20.4% of earnings and 14.0% of free cash flow.
The dividend has grown 39.9% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$5.4B	$221M	19.4%	8.8%	10.5%	3.6%	$322M	$2.6B	$772M
2024	$5.1B	$335M	20.8%	10.3%	18.3%	5.8%	$189M	$2.6B	$388M
2023	$5.2B	$518M	22.8%	12.4%	—	14.3%	$332M	$601M	$371M
2022	$4.4B	$300M	19.7%	9.5%	—	9.6%	$151M	$777M	$304M
2021	$3.9B	$221M	19.5%	8.4%	—	7.7%	$234M	$674M	$267M
2020	$3.1B	-$11M	17.5%	2.2%	—	-0.3%	$161M	$1.2B	$665M
2019	$4.4B	$54M	20.4%	7.7%	5.8%	1.7%	$68M	$1.2B	$535M
2018	$4.5B	$114M	21.3%	9.1%	13.2%	3.3%	$3M	$1.2B	$340M
2017	$3.8B	$129M	20.2%	6.0%	10.5%	3.7%	$121M	$985M	$572M
2016	—	-$176M	—	—	-11.9%	-3.5%	$319M	$1.6B	$429M
2015	—	$146M	—	—	7.8%	2.6%	$146M	$1.8B	$371M
2014	—	$319M	—	—	15.9%	5.4%	$372M	$1.8B	$393M
2013	—	$226M	—	—	10.3%	3.5%	$109M	$2.0B	$408M
2012	—	$106M	—	—	5.3%	1.6%	$211M	$2.1B	$678M
2011	—	$45M	—	—	2.4%	0.6%	-$55M	$2.3B	$774M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$2.2B	$114M	19.8%	8.3%	2.3%	1.1%	—	$2.6B	$407M
Jun '26	$2.2B	$110M	19.8%	8.4%	2.2%	1.1%	—	$2.7B	$407M
Mar '26	$1.7B	-$89M	11.9%	-4.7%	-1.8%	-0.9%	-$57M	$2.7B	$392M
Dec '25	$1.3B	$63M	18.8%	10.4%	3.0%	1.0%	$171M	$2.6B	$772M
Sep '25	$1.4B	$65M	21.6%	10.1%	3.2%	1.1%	$130M	$2.6B	$509M
Jun '25	$1.5B	$72M	20.7%	8.7%	3.7%	1.2%	$78M	$2.6B	$374M
Mar '25	$1.2B	$21M	20.1%	5.6%	1.1%	0.4%	-$57M	$2.6B	$298M
Dec '24	$1.2B	-$2M	15.9%	4.3%	-0.1%	-0.0%	$128M	$2.6B	$388M
Sep '24	$1.2B	$88M	20.2%	10.1%	—	2.3%	$87M	$624M	$352M
Jun '24	$1.4B	$141M	23.8%	14.0%	—	3.7%	$43M	$662M	$319M
Mar '24	$1.3B	$109M	23.0%	12.2%	—	2.9%	-$69M	$721M	$365M
Dec '23	$1.2B	$127M	21.5%	9.5%	—	3.5%	—	$601M	$371M
Sep '23	$1.3B	$119M	22.6%	12.6%	—	3.4%	—	$706M	$352M
Jun '23	$1.4B	$159M	24.4%	15.0%	—	4.7%	—	$734M	$298M
Mar '23	$1.2B	$113M	22.6%	12.0%	—	3.4%	—	$775M	$254M
Dec '22	$1.2B	$92M	19.3%	9.9%	—	3.0%	—	$777M	$304M
Sep '22	$1.1B	$82M	21.2%	10.8%	—	2.7%	—	$825M	$232M
Jun '22	$1.1B	$74M	19.8%	9.6%	—	2.5%	—	$826M	$253M
Mar '22	$1.0B	$52M	18.5%	7.4%	—	1.8%	—	$738M	$218M
Dec '21	$990M	$59M	17.4%	7.0%	—	2.1%	—	$674M	$267M

Valuation over time

How the market has priced TEX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 18.1× (Mar '23) to 29.3× (Nov '26).
The price-to-sales ratio has fallen from 1.2× (Mar '23) to 1.2× (Nov '26).
The dividend yield has risen from 0.7% (Mar '23) to 0.7% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is TEX growing its revenue and profit?

Over the past 5 years, Terex Corp's revenue has grown 12.0% per year. These are computed facts, not advice.

How much debt does TEX have?

As of FY2025, Terex Corp reported $2.6B of total debt against $772M of cash; operating income covered interest expense 2.7×.

What is TEX's profit margin?

In FY2025, gross margin was 19.4%, operating margin 8.8%, and net margin 4.1%.

What is TEX's P/E ratio?

Terex Corp's P/E (TTM) is 32.68 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the TEX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 29.3× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.