Saturday 17 October 2026 Export TX’s income statement to Excel — free account

Ternium S.A.

Ternium S.A.’s revenue for fiscal 2025 (year ended December 2025) was $15.6 billion, down 11.6% from fiscal 2024. In the quarter to June 2026, revenue grew 9.97%, EPS grew 59.1%, free cash flow fell 174.7% and total debt rose 19.1%, each against the same quarter a year earlier.

57.10 0.22 +0.39%

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Market cap: $11.2B
P/E: 16.0×
Fwd P/E: 9.2×
Dividend yield: 3.85%
F-score: 5/9
Altman Z: 2.44
Beneish M: −2.85
Dividend safety: 20/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.01%

Capital & Financial Ratios $m

Market Cap 11,170.00

Revenue 16,003.60

Net Income 738.37

Free Cash Flow (470.04)

Net Debt 246.13

Current Ratio 2.58

Debt/Equity 0.18

P/E ratio 16.04

Fwd P/E 9.17

P/S ratio 0.70

P/B ratio 0.67

Past 5Y EPS Growth (11.38%)

This Y EPS Growth 184.29%

Next Y EPS Growth 18.43%

Next Y revenue growth 11.56%

Next 5Y EPS Growth 53.99%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 82.05%

10-year low 10-year high

P/S against its own 10 years 88.20%

10-year low 10-year high

P/B against its own 10 years 59.01%

10-year low 10-year high

EV/Sales against its own 10 years 72.91%

10-year low 10-year high

Dividends

Payout Ratio 0.62

Annual Dividend Rate 2.20

Annual Dividend Yield 3.85%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.64	1.30
2025	2.70	1.80 0.90
2024	3.10	2.20 0.90
2023	2.90	1.80 1.10
2022	2.70	1.80 0.90
2021	2.90	2.10 0.80
2020	1.20	1.20
2019	1.20	1.20
2018	1.10	1.10
2017	1.00	1.00
2016	0.90	0.90

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	3,837	3,856	3,174	2,758
Receivables	2,752	2,335	2,358	2,647
Inventory	4,948	4,751	4,094	4,395
Other	493	137	171	75
	12,031	11,078	9,796	9,876

	2023	2024	2025	Q'26
Payables	2,233	1,926	2,073	2,036
ST’ Debt	940	670	604	638
Other	438	1,090	1,168	1,039
	3,801	3,839	3,934	3,823

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,934	4,340	—	—	—
’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	—	—	—
’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)	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.09	1.75	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	10.28	22.17	25.52	16.12	9.59	26.41	26.01	29.60	28.40	24.00	Analyst estimates 2026–2028 Powerpack
	High	27.00	33.39	42.43	32.26	31.42	56.86	50.36	45.81	44.44	39.00
People
People	Employees	16,725	21,255	20,660	20,061	20,173	20,142	20,510	34,458	33,949	33,253
	Revenue/emp, $m	0.43	0.46	0.55	0.51	0.43	0.80	0.80	0.51	0.52	0.47
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
	Gross margin, %	25.46	23.68	25.94	17.07	18.72	38.50	23.93	20.21	16.37	15.08
	EBT	1,118	1,360	2,032	827	1,159	5,764	2,667	1,321	728	648
	EBT margin, %	15.48	14.02	17.74	8.11	13.27	35.82	16.24	7.50	4.12	4.15
	Net income	707	1,023	1,662	630	868	4,367	2,093	986	174	303
	Depreciation	407	474	589	661	631	592	616	658	743	788
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
	Earnings	3.03	4.51	7.67	2.87	3.97	19.49	9.00	3.44	(0.27)	2.17
	Cash flow	5.60	1.96	8.86	8.39	8.97	13.64	14.02	12.74	9.71	11.79
	Capex	(2.21)	(2.08)	(2.65)	(5.36)	(2.85)	(2.66)	(2.95)	(7.43)	(9.49)	(12.72)
	Free cash flow	3.39	(0.12)	6.21	3.04	6.12	10.98	11.08	5.31	0.22	(0.93)
	Book value	26.32	29.81	38.13	39.30	43.01	62.33	70.14	85.64	82.18	82.26
	Shares, m	196	196	196	196	196	196	196	196	196	196
Valuation, ×
Valuation, ×	P/E	8.08	7.25	3.45	7.72	7.34	2.23	3.33	12.10	0.00	17.68
	P/S	0.67	0.66	0.46	0.42	0.65	0.53	0.36	0.46	0.32	0.48
	P/B	0.93	1.10	0.71	0.56	0.68	0.70	0.43	0.49	0.35	0.46
	EV/Sales	0.79	0.95	0.62	0.60	0.72	0.48	0.22	0.38	0.24	0.44
	EV/FCF	8.56	(378.12)	5.84	10.19	5.27	3.56	1.64	6.40	98.47	(37.58)
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
	Capex	(434)	(408)	(519)	(1,051)	(559)	(522)	(579)	(1,458)	(1,863)	(2,497)
	Free cash flow	665	(24)	1,220	596	1,202	2,155	2,174	1,043	43	(183)
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
	Total debt	1,219	3,291	2,103	2,487	1,975	1,694	1,222	2,335	2,394	2,557
	Net debt	890	2,818	1,807	1,753	622	(877)	(2,307)	(1,502)	(1,462)	(617)
	Shareholders’ equity	5,167	5,853	7,485	7,715	8,443	12,235	13,768	16,812	16,132	16,148
Returns, %
Returns, %	ROA	7.27	8.67	12.21	4.43	6.04	25.54	10.22	3.24	(0.23)	1.82
	ROIC	11.78	10.50	14.18	5.71	7.44	29.01	14.72	8.97	5.38	2.84
	ROE	11.95	16.08	22.59	7.42	9.64	37.00	13.59	4.42	(0.33)	2.63

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NUE Nucor Corporation	$57.8B	20.4×	16.9×	+22.95% (above 0%: growing)	+94.23% (above 0%: growing)	+549.46% (above 0%: growing)	19.56%	15.67%	Compare
MT ArcelorMittal	$48.0B	26.4×	14.7×	+5.24% (above 0%: growing)	−61.70% (below 0%: shrinking)	−126.60% (below 0%: shrinking)	10.95%	6.29%	Compare
STLD Steel Dynamics, Inc.	$34.5B	21.7×	17.8×	+33.44% (above 0%: growing)	+84.58% (above 0%: growing)	+2,189.86% (above 0%: growing)	15.74%	11.50%	Compare
RS Reliance, Inc.	$20.8B	23.8×	20.2×	+26.51% (above 0%: growing)	+42.57% (above 0%: growing)	−45.43% (below 0%: shrinking)	28.09%	9.54%	Compare
PKX POSCO Holdings Inc.	$16.7B	20.8×	—	+9.70% (above 0%: growing)	+271.43% (above 0%: growing)	−156.79% (below 0%: shrinking)	8.62%	4.25%	Compare
TX Ternium S.A.	$11.2B	16.0×	9.2×	+9.97% (above 0%: growing)	+59.09% (above 0%: growing)	−174.72% (below 0%: shrinking)	21.68%	12.17%
CLF Cleveland-Cliffs Inc.	$6.9B	— (loss-making)	— (loss-making)	+5.92% (above 0%: growing)	n/m	+208.96% (above 0%: growing)	2.53%	(0.94%)	Compare
GGB Gerdau S.A.	$6.3B	21.8×	—	+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.	$4.6B	23.3×	28.5×	+29.60% (above 0%: growing)	n/m	+51.13% (above 0%: growing)	24.99%	15.91%	Compare
Median of peers	$18.7B	21.8×	17.8×	+18.64%	+86.04%	+111.56%	15.79%	10.52%

All 21 Steel stocks →

Ternium S.A. (TX) key facts

Concern: Ternium S.A.’s revenue for fiscal 2025 (year ended December 2025) was $15.6 billion, down 11.6% from fiscal 2024.
Strength: Net income was $303.1 million, or $2.17 per share (basic), a net margin of 2.72%.
Ternium S.A. (TX) is a Steel company in the Basic Materials sector, traded in the US as an ADR.
As of October 16, 2026, TX traded at $57.10, a market capitalization of $11.2 billion.
At that price the stock trades at 16.0× trailing-twelve-month earnings and 0.7× sales; its P/E is higher than 82% of its own readings over the past ten years.
Ternium S.A. pays an annual dividend of $2.20 per share, a yield of 3.85%, with a payout ratio of 61.8%.
Return on equity was 2.63% and debt-to-equity 0.18.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.44 (grey zone) for fiscal 2025.