Sunday 11 October 2026
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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. In the quarter to June 2026, revenue grew 50.5%, EPS fell 11.8%, free cash flow grew 21.8% and total debt rose 3.63%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
50.67
1.68
−3.21%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 13.62 | 28.67 | 25.47 | 22.84 | 11.54 | 33.96 | 26.64 | 41.69 | 44.43 | 31.53 |
Analyst estimates 2026–2028 Powerpack |
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| High | 33.17 | 48.90 | 50.17 | 38.57 | 36.92 | 55.60 | 47.49 | 65.64 | 68.08 | 58.66 | |||||
| People | |||||||||||||||
| People | Employees | 11,300 | 10,700 | 11,700 | 9,500 | 8,200 | 8,600 | 9,300 | 10,200 | 11,400 | 10,700 | ||||
| Revenue/emp, $m | 0.39 | 0.35 | 0.39 | 0.46 | 0.38 | 0.45 | 0.48 | 0.51 | 0.45 | 0.51 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 4,443 | 3,794 | 4,517 | 4,353 | 3,076 | 3,887 | 4,418 | 5,152 | 5,127 | 5,421 | ||||
| Gross margin, % | 16.03 | 20.23 | 21.29 | 20.39 | 17.53 | 19.49 | 19.71 | 22.85 | 20.83 | 19.39 | |||||
| EBT | (271) | 163 | 287 | 248 | 11 | 264 | 367 | 580 | 408 | 292 | |||||
| EBT margin, % | (6.09) | 4.31 | 6.36 | 5.69 | 0.36 | 6.79 | 8.31 | 11.26 | 7.96 | 5.39 | |||||
| Net income | (175) | 129 | 114 | 54 | (11) | 221 | 300 | 518 | 335 | 221 | |||||
| Depreciation | 97 | 67 | 60 | 50 | 50 | 50 | 47 | 56 | 82 | 158 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 41.18 | 40.88 | 59.91 | 61.23 | 44.20 | 55.76 | 64.50 | 76.33 | 76.52 | 82.39 | ||||
| Earnings | (1.63) | 1.39 | 1.51 | 0.77 | (0.15) | 3.17 | 4.38 | 7.67 | 5.00 | 3.36 | |||||
| Cash flow | 3.49 | 1.65 | 1.25 | 2.44 | 3.24 | 4.21 | 3.81 | 6.80 | 4.87 | 6.69 | |||||
| Capex | (0.05) | (0.25) | (1.34) | (1.47) | (0.93) | (0.83) | (1.61) | (1.38) | (2.03) | (1.75) | |||||
| Free cash flow | 3.44 | 1.40 | (0.09) | 0.97 | 2.31 | 3.38 | 2.20 | 5.42 | 2.84 | 4.94 | |||||
| Book value | 14.10 | 13.17 | 11.42 | 13.11 | 13.24 | 15.92 | 17.24 | 24.77 | 27.34 | 31.84 | |||||
| Shares, m | 108 | 93 | 75 | 71 | 70 | 70 | 69 | 68 | 67 | 66 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 35.73 | 18.76 | 39.71 | 0.00 | 13.86 | 9.54 | 7.53 | 9.26 | 15.84 | ||||
| P/S | 0.78 | 1.19 | 0.46 | 0.49 | 0.79 | 0.79 | 0.65 | 0.76 | 0.60 | 0.65 | |||||
| P/B | 2.27 | 3.69 | 2.41 | 2.27 | 2.64 | 2.76 | 2.43 | 2.34 | 1.69 | 1.68 | |||||
| EV/Sales | 1.03 | 1.28 | 0.65 | 0.63 | 0.95 | 0.89 | 0.76 | 0.81 | 1.03 | 0.98 | |||||
| EV/FCF | 12.33 | 37.49 | (433.81) | 40.09 | 18.25 | 14.73 | 22.16 | 11.36 | 27.86 | 16.38 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 377 | 153 | 94 | 173 | 225 | 293 | 261 | 459 | 326 | 440 | ||||
| Capex | (6) | (23) | (101) | (105) | (64) | (58) | (110) | (93) | (136) | (115) | |||||
| Free cash flow | 371 | 130 | (7) | 69 | 161 | 236 | 151 | 366 | 190 | 325 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 1,294 | 1,348 | 1,208 | 1,147 | 1,155 | 858 | 963 | 1,126 | 1,247 | 1,538 | ||||
| Total debt | 1,576 | 985 | 1,215 | 1,176 | 1,174 | 674 | 776 | 623 | 2,584 | 2,584 | |||||
| Net debt | 1,148 | 358 | 875 | 641 | 509 | 407 | 471 | 252 | 2,196 | 1,812 | |||||
| Shareholders’ equity | 1,521 | 1,223 | 861 | 932 | 922 | 1,110 | 1,181 | 1,672 | 1,832 | 2,095 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (3.32) | 3.04 | 3.27 | 1.63 | (0.34) | 7.49 | 10.03 | 15.39 | 7.17 | 3.72 | ||||
| ROIC | (3.32) | 9.02 | 14.85 | 13.31 | 2.99 | 13.52 | 15.88 | 20.69 | 8.16 | 7.60 | |||||
| ROE | (10.26) | 9.38 | 10.91 | 6.07 | (1.14) | 21.75 | 26.19 | 36.31 | 19.12 | 11.26 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Terex Corporation vs peers in Farm & Heavy Construction Machinery (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CNH CNH Industrial N.V. | $15.0B | 45.7× | 27.5× | +1.95% (above 0%: growing) | −35.29% (below 0%: shrinking) | −124.62% (below 0%: shrinking) | 29.29% | 13.66% | Compare |
| OSK Oshkosh Corporation | $7.9B | 14.2× | 12.2× | +6.70% (above 0%: growing) | −7.57% (below 0%: shrinking) | +814.92% (above 0%: growing) | 16.48% | 8.34% | Compare |
| AGCO AGCO Corporation | $7.6B | 14.3× | 20.4× | −0.96% (below 0%: shrinking) | −74.41% (below 0%: shrinking) | −66.49% (below 0%: shrinking) | 24.75% | 5.39% | Compare |
| FSS Federal Signal Corporation | $6.9B | 24.3× | 21.5× | +18.70% (above 0%: growing) | +19.49% (above 0%: growing) | +92.75% (above 0%: growing) | 30.41% | 17.64% | Compare |
| TEX Terex Corporation | $6.0B | 25.5× | 17.6× | +50.50% (above 0%: growing) | −11.82% (below 0%: shrinking) | +21.79% (above 0%: growing) | 19.84% | 8.36% | |
| ALG Alamo Group, Inc. | $1.9B | 18.2× | 14.3× | +7.55% (above 0%: growing) | −0.77% (below 0%: shrinking) | +147.74% (above 0%: growing) | 24.59% | 10.15% | Compare |
| BLBD Blue Bird Corporation | $1.8B | 6.7× | 14.9× | +29.94% (above 0%: growing) | +366.38% (above 0%: growing) | −58.60% (below 0%: shrinking) | 19.99% | 12.12% | Compare |
| LNN Lindsay Corporation | $1.2B | 21.4× | 22.2× | −5.13% (below 0%: shrinking) | −14.44% (below 0%: shrinking) | −105.43% (below 0%: shrinking) | 29.75% | 11.52% | Compare |
| ASTE Astec Industries, Inc. | $892.9M | 45.0× | 21.3× | +23.55% (above 0%: growing) | −36.99% (below 0%: shrinking) | −44.57% (below 0%: shrinking) | 26.17% | 5.00% | Compare |
| Median of peers | $4.4B | 19.8× | 20.9× | +7.13% | −11.01% | −51.58% | 25.46% | 10.84% |
Terex Corporation (TEX) key facts
- Strength: Terex Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, up 5.73% from fiscal 2024.
- Terex Corporation (TEX) is a Farm & Heavy Construction Machinery company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 9, 2026, TEX traded at $50.67, a market capitalization of $6.0 billion.
- Terex Corporation pays an annual dividend of $0.68 per share, a yield of 1.34%, with a payout ratio of 34.7%.
- Return on equity was 11.3% and debt-to-equity 0.55.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.45 (grey zone) for fiscal 2025.