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Ternium S.A.

TX Basic Materials Steel

Ternium S.A.’s revenue for fiscal 2025 (year ended December 2025) was $15.6 billion, down 11.6% from fiscal 2024.

Revenue
+17.4%
EPS
+1,773.0%
Free cash flow
+224.5%
Total debt
+48.1%

Quarter to September 2026, against a year earlier

48.74 2.66 −5.18%
Market cap
$9.6B
P/E
9.1×
Fwd P/E
8.3×
Dividend yield
4.51%
F-score
5/9
Altman Z
2.44
Beneish M
−2.85
Dividend safety
20/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.10%

Capital & Financial Ratios $m

Size
Market Cap 9,550.00
Revenue ttm 16,693.04
Net income ttm 1,376.32
Free cash flow ttm (84.27)
Net debt Q 147.00
Valuation
P/E 9.14
Forward P/E 8.34
Price / sales 0.57
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.57
Financial health
Current ratio Q 2.55 (at or above 1.5: strong)
Debt / equity Q 0.19 (at or below 0.5: strong)
Interest coverage Q 10.89
Growth
Revenue growth Q +17.43% (above 0%: growing)
Operating income growth Q +167.87% (above 0%: growing)
EPS, this year +188.13% (at or above 15%: strong)
EPS, next year A +17.64% (at or above 15%: strong)
Revenue, next year A +11.86% (at or above 10%: strong)
EPS, past 5 yrs −11.38% (below 0%: weak)
EPS, next 5 yrs A +53.25% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.6×, against a ten-year median of 0.5×; over the ten years it ranged from 0.2× in 2022 to 1.0× in 2017.
P/E against its own 10 years 62.01%
10-year low 10-year high
P/S against its own 10 years 69.05%
10-year low 10-year high
P/B against its own 10 years 48.59%
10-year low 10-year high
EV/Sales against its own 10 years 56.44%
10-year low 10-year high

Dividends

Yield
4.51%
Annual rate
2.20
Payout ratio
41.3%
Growth, 2017–25
+13.2%/yr
  1. 1.00 ’17
  2. 1.10 ’18 +10
  3. 1.20 ’19 +9
  4. 1.20 ’20 +0
  5. 2.90 ’21 +142
  6. 2.70 ’22 −7
  7. 2.90 ’23 +7
  8. 3.10 ’24 +7
  9. 2.70 ’25 −13
  10. 2.66 ’26e −2
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,837 3,856 3,174 3,122
Receivables 2,752 2,335 2,358 2,817
Inventory 4,948 4,751 4,094 4,483
Other 493 137 171 —
12,031 11,078 9,796 10,423
2023 2024 2025 Q'26
Payables 2,233 1,926 2,073 2,013
ST’ Debt 940 670 604 787
Other 438 1,090 1,168 1,105
3,801 3,839 3,934 4,081

Compound Annual Growth %

10y 5y 3y
Sales 7.08% 12.31% (1.66%)
Cash Flow 5.74% 5.61% (5.63%)
Earnings 48.55% (11.39%) (37.81%)
Book Value 12.89% 13.85% 5.46%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 1.89 Actual 1.42

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.77 0.62 Miss by 0.15
Mar 2026 0.86 1.09 Beat by 0.23
Jun 2026 1.29 1.75 Beat by 0.46
Sep 2026 1.89 1.42 Miss by 0.47
Dec 2026 1.72 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.09 1.75 1.87 — —
’25 0.34 1.10 0.10 0.62 2.17
’24 1.84 (3.71) 0.16 1.43 (0.27)
’23 1.91 3.19 (3.77) 2.11 3.44
’22 3.95 4.07 0.78 0.20 9.00
’21 3.07 5.21 6.12 5.08 19.49
’20 (0.06) 0.22 0.74 3.06 3.97
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3,934 4,340 4,644 — —
’25 3,933 3,947 3,955 3,775 15,609
’24 4,778 4,514 4,480 3,876 17,649
’23 3,623 3,871 5,185 4,931 17,610
’22 4,305 4,438 4,125 3,546 16,414
’21 3,249 3,920 4,592 4,330 16,091
’20 2,271 1,746 2,139 2,580 8,735
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 217 256 613 — —
’25 207 1,044 535 528 2,314
’24 475 656 303 472 1,906
’23 636 127 1,020 718 2,501
’22 692 (5) 1,034 1,032 2,753
’21 328 628 586 1,135 2,677
’20 443 504 460 355 1,761
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (188) (175) 214 — —
’25 (310) 234 (172) 65 (183)
’24 27 248 (143) (89) 43
’23 433 (103) 591 122 1,043
’22 568 (166) 898 874 2,174
’21 199 467 476 1,014 2,155
’20 185 393 389 235 1,202
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 7,224 9,700 11,455 10,193 8,735 16,091 16,414 17,610 17,649 15,609 16,693 +8.9% 17,460 18,399 18,768 +6.3%
Gross margin, % 25.46 23.68 25.94 17.07 18.72 38.50 23.93 20.21 16.37 15.08 19.57 (10.4) pt
EBT 1,118 1,360 2,032 827 1,159 5,764 2,667 1,321 728 648 1,504 (5.9%)
EBT margin, % 15.48 14.02 17.74 8.11 13.27 35.82 16.24 7.50 4.12 4.15 9.01 (11.3) pt
Net income 707 1,023 1,662 630 868 4,367 2,093 986 174 303 1,376 (9.0%)
Per share, $
Per share, $ Revenue 36.80 49.41 58.35 51.92 44.50 81.97 83.62 89.71 89.91 79.51 84.96 +8.9%
Earnings 3.03 4.51 7.67 2.87 3.97 19.49 9.00 3.44 (0.27) 2.17 5.33 (3.6%)
Cash flow 5.60 1.96 8.86 8.39 8.97 13.64 14.02 12.74 9.71 11.79 8.21 +8.6%
Capex (2.21) (2.08) (2.65) (5.36) (2.85) (2.66) (2.95) (7.43) (9.49) (12.72) (8.64) +21.5%
Free cash flow 3.39 (0.12) 6.21 3.04 6.12 10.98 11.08 5.31 0.22 (0.93) (0.43) n/m
Book value 26.32 29.81 38.13 39.30 43.01 62.33 70.14 85.64 82.18 82.26 86.82 +13.5%
Shares, m 196 196 196 196 196 196 196 196 196 196 196 0.0%
Valuation, ×
Valuation, × P/E 8.08 7.25 3.45 7.72 7.34 2.23 3.33 12.10 0.00 17.68 9.14 6.9
P/S 0.67 0.66 0.46 0.42 0.65 0.53 0.36 0.46 0.32 0.48 0.57 0.5
P/B 0.93 1.10 0.71 0.56 0.68 0.70 0.43 0.49 0.35 0.46 0.57 0.6
EV/Sales 0.79 0.95 0.62 0.60 0.72 0.48 0.22 0.38 0.24 0.44 0.58 0.5
EV/FCF 8.56 (378.12) 5.84 10.19 5.27 3.56 1.64 6.40 98.47 (37.58) (115.39) (27.6)
Cash, $m
Cash, $m Operating cash flow 1,100 384 1,739 1,648 1,761 2,677 2,753 2,501 1,906 2,314 1,614 +8.6%
Capex (434) (408) (519) (1,051) (559) (522) (579) (1,458) (1,863) (2,497) (1,698) +21.5%
Free cash flow 665 (24) 1,220 596 1,202 2,155 2,174 1,043 43 (183) (84) n/m
Balance, $m
Balance, $m Working capital 859 1,565 2,597 2,408 2,708 5,391 6,627 8,230 7,239 5,862 6,342 +23.8%
Net debt 890 2,818 1,807 1,753 622 (877) (2,307) (1,502) (1,462) (617) 147 n/m
Shareholders’ equity 5,167 5,853 7,485 7,715 8,443 12,235 13,768 16,812 16,132 16,148 17,058 +13.5%
Returns, %
Returns, % ROA 7.27 8.67 12.21 4.43 6.04 25.54 10.22 3.24 (0.23) 1.82 3.93 (5.4) pt
ROIC 11.78 10.50 14.18 5.71 7.44 29.01 14.72 8.97 5.38 2.84 5.65 (8.9) pt
ROE 11.95 16.08 22.59 7.42 9.64 37.00 13.59 4.42 (0.33) 2.63 0.00 (9.3) pt
People
People Employees 16,725 21,255 20,660 20,061 20,173 20,142 20,510 34,458 33,949 33,253 — +7.9%
Revenue/emp, $m 0.43 0.46 0.55 0.51 0.43 0.80 0.80 0.51 0.52 0.47 — +0.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Ternium S.A. vs peers in Steel (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
MT ArcelorMittal $45.6B 25.3× 19.6× +5.24% (above 0%: growing) −61.70% (below 0%: shrinking) −126.60% (below 0%: shrinking) 10.95% 6.29% Compare
STLD Steel Dynamics, Inc. $31.6B 16.4× 14.2× +34.82% (above 0%: growing) +92.36% (above 0%: growing) +25.01% (above 0%: growing) 19.70% 15.46% Compare
RS Reliance, Inc. $21.1B 19.2× 16.3× +42.78% (above 0%: growing) +118.84% (above 0%: growing) −26.28% (below 0%: shrinking) 27.89% 10.59% Compare
PKX POSCO Holdings Inc. $14.7B 15.8× — +9.70% (above 0%: growing) +352.74% (above 0%: growing) −156.79% (below 0%: shrinking) 8.62% 4.25% Compare
TX Ternium S.A. $9.6B 9.1× 8.3× +17.43% (above 0%: growing) +1,773.00% (above 0%: growing) +224.47% (above 0%: growing) 22.31% 12.42%
CLF Cleveland-Cliffs Inc. $6.4B — (loss-making) 216× +18.55% (above 0%: growing) n/m +124.00% (above 0%: growing) 8.29% 5.54% Compare
GGB Gerdau S.A. $5.5B 19.2× — +14.33% (above 0%: growing) +87.50% (above 0%: growing) +171.99% (above 0%: growing) 15.83% 13.05% Compare
SIM Grupo Simec, S.A. de C.V. $4.3B 20.7× 28.5× +17.46% (above 0%: growing) +38.87% (above 0%: growing) +96.72% (above 0%: growing) 24.99% 15.91% Compare
WS Worthington Steel, Inc. $1.8B — (loss-making) 8.7× +212.36% (above 0%: growing) n/m −42.57% (below 0%: shrinking) 9.58% 2.05% Compare
Median of peers $10.6B 19.2× 18.0× +18.01% +89.93% −0.63% 13.39% 8.44%

All 19 Steel stocks →

Ternium S.A. (TX) Latest News

4 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript

3 Nov

Impact 3 · · ACCESS Newswire

12 Oct

Impact 3 · · Zacks

30 Sep

Impact 4 · · Zacks
Impact 3 · · Zacks

14 Sep

Impact 3 ·

12 Aug

Impact 3 · · The Motley Fool transcript

9 Aug

Impact 3 · · MarketBeat

5 Aug

Impact 4 ·

4 Aug

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31 Jul

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26 Jul

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17 Jul

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6 May

Impact 4 · · The Motley Fool transcript

5 May

Impact 3 · · Zacks
Impact 3 · · ACCESS Newswire

15 Apr

Impact 4 · · ACCESS Newswire

27 Feb

Impact 3 · · Simply Wall St.

19 Feb

Impact 3 · · MarketBeat

18 Feb

Impact 4 · · GuruFocus.com
Impact 4 · · ZacksMT NewswiresZacksSimply Wall St.ZacksZacksZacks
Impact 4 · · ACCESS Newswire

10 Feb

Impact 4 · · ACCESS Newswire

20 Jan

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

9 Jan

Impact 4 · · Zacks

30 Dec

Impact 3 · · Zacks

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17 Dec

Impact 3 · · ZacksZacksZacksZacks

TX metrics, ten years each

stockrow.com/TX · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com