Friday 6 November 2026 Export TEX’s income statement to Excel — free account

Terex Corporation

TEX Industrials Farm & Heavy Construction Machinery

Terex Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, up 5.73% from fiscal 2024.

Revenue: +58.4%
EPS: +1.64%
Free cash flow: +61.5%
Total debt: −0.58%

Quarter to September 2026, against a year earlier

Dividend growth 3 yrs

54.81 2.75 −4.78%

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Market cap: $6.1B
P/E: 27.3×
Fwd P/E: 27.6×
Dividend yield: 1.24%
F-score: 6/9
Altman Z: 2.45
Beneish M: −2.58
Dividend safety: 64/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Terex Corporation (TEX) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Aerials	2,060	38.00%
ES	1,691	31.19%
MP	1,681	31.01%
Gross margin		19.39%
Operating margin		8.76%
Pre-tax margin		5.39%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Aerials	1,725 31.82%	2,032 39.63%	2,037 39.54%	1,800 40.74%	1,613 41.51%	1,236 40.17%	1,915 43.99%	2,132 47.20%	1,721 45.36%	1,639 36.88%
Environmental Solutions Equipment	1,589 29.31%	793 15.47%	575 11.16%	466 10.55%	381 9.81%	352 11.45%	419 9.63%	—	—	—
Materials Processing Equipment	1,075 19.83%	1,238 24.15%	1,412 27.41%	1,156 26.17%	997 25.66%	761 24.72%	895 20.57%	877 19.41%	728 19.18%	641 14.42%
Specialty Equipment	605 11.16%	664 12.95%	815 15.82%	782 17.70%	696 17.90%	495 16.09%	705 16.20%	667 14.77%	376 9.92%	—
Other	427 7.88%	400 7.80%	313 6.08%	214 4.84%	199 5.13%	233 7.57%	418 9.61%	841 18.61%	936 24.67%	1,136 25.56%
Compact Construction Equipment	—	—	—	—	—	—	—	—	33 0.88%	275 6.20%
Mobile Cranes	—	—	—	—	—	—	—	—	—	753 16.94%
Revenue	5,421	5,127	5,152	4,418	3,887	3,076	4,353	4,517	3,794	4,443

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Aerials	2,060 38.00%	2,410 47.01%	2,352 45.65%	—	—	—	—	—	—	—	—	—	—	—	—	—
ES	1,691 31.19%	822 16.03%	578 11.22%	—	—	—	—	—	—	—	—	—	—	—	—	—
MP	1,681 31.01%	1,902 37.10%	2,227 43.23%	1,942 43.96%	1,692 43.53%	1,257 40.85%	1,603 36.82%	1,577 34.91%	945 21.26%	940 18.72%	939 17.12%	628 8.87%	662 9.47%	683 11.09%	533 12.07%	354 9.16%
Aerial Work Platforms	—	—	—	2,484 56.22%	2,179 56.06%	1,783 57.95%	2,727 62.64%	2,950 65.31%	1,978 44.51%	2,246 44.73%	2,403 43.82%	2,131 30.08%	1,742 24.95%	1,425 23.14%	1,076 24.36%	845 21.91%
Environmental Solutions Group (ESG)	—	—	—	0 0.00%	—	—	—	—	—	—	—	—	—	—	—	—
Cranes Member	—	—	—	—	—	—	—	—	1,275 28.68%	1,567 31.19%	1,657 30.21%	1,926 27.18%	1,988 28.47%	1,937 31.45%	1,419 32.12%	1,891 49.01%
Material reconciling items [member]	—	—	—	—	—	—	—	—	—	269 5.36%	485 8.85%	(119) (1.68%)	(103) (1.48%)	(106) (1.72%)	(56) (1.27%)	(64) (1.67%)
Material Handling & Port Solutions	—	—	—	—	—	—	—	—	—	—	—	1,699 23.98%	1,742 24.95%	1,037 16.84%	364 8.25%	0 0.00%
Construction Member	—	—	—	—	—	—	—	—	—	—	—	820 11.58%	952 13.64%	1,183 19.21%	1,081 24.47%	833 21.59%
Other, not broken out	—	—	—	—	—	37 1.19%	24 0.55%	—	246 5.54%	—	—	—	—	—	—	—
Revenue	5,421	5,127	5,152	4,418	3,887	3,076	4,353	4,517	4,443	5,022	5,484	7,084	6,982	6,158	4,418	3,858

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
ES	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
MP	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aerials	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aerial Work Platforms	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Environmental Solutions Group (ESG)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Cranes Member	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Material reconciling items [member]	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Construction Member	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Material Handling & Port Solutions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
North America	2,259 50.84%	—	—	—	—	—	—	—
Western Europe	1,195 26.89%	—	—	—	—	—	—	—
Asia-Pacific	556 12.50%	—	—	—	—	—	—	—
Rest of World	434 9.77%	—	—	—	—	—	—	—
UNITED STATES	—	2,420 48.19%	2,553 46.55%	2,592 36.59%	2,260 32.37%	1,795 29.14%	1,192 26.97%	1,008 26.13%
Other Foreign Countries	—	1,241 24.72%	1,426 26.01%	2,397 33.83%	2,455 35.17%	2,230 36.21%	1,818 41.15%	1,328 34.42%
Europe	—	714 14.22%	848 15.47%	1,227 17.32%	1,344 19.24%	1,294 21.01%	—	—
United Kingdom	—	402 8.01%	346 6.31%	247 3.49%	264 3.78%	259 4.21%	204 4.61%	247 6.40%
Germany	—	244 4.85%	311 5.66%	621 8.77%	659 9.44%	581 9.43%	313 7.09%	337 8.74%
Other European Countries	—	—	—	—	—	—	891 20.17%	938 24.31%
Revenue	4,443	5,022	5,484	7,084	6,982	6,158	4,418	3,858

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Backlog	Q3 FY2026	$7.0B	—	—
Bookings	Q3 FY2026	$2.3B	—	—
Bookings growth	Q3 FY2026	53.0%	57.0%	—
Book to bill	Q3 FY2026	103.0%	72.0%	—
Net working capital efficiency	Q3 FY2026	15.0%	—	—
Remaining performance obligations	Q3 FY2026	$3.5B	$37.0M	+9,443.24%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024
Backlog	‡	‡	‡	‡	‡	‡	‡	‡
Bookings	‡	‡	‡	‡	‡	‡	‡	‡
Bookings growth	‡	‡	‡	‡	‡	‡	‡	‡
Book to bill	‡	‡	‡	‡	‡	‡	‡	‡
Net working capital efficiency	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.