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Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 13
HOLD 15
SELL 3
STRONG
SELL
0
| PRICE TARGET: $81.33 DETAILS
HIGH: $100.00
LOW: $56.00
MEDIAN: $83.00
CONSENSUS: $81.33
UPSIDE: 39.29%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 5,421 5,127 5,152 4,418 3,886.8 3,076.4 4,353.1 4,517.2 3,793.7 4,443.1 5,021.7 5,484 7,084 6,982.2 6,504.6 4,418.2 4,043.1 9,889.6 9,137.7 7,647.6 6,380.4 5,019.8 3,897.1 2,797.4 1,812.5 2,068.7 1,856.6 1,233.2 842.3 678.5 1,030.2 786.8 670.3
Cost of Revenue 4,370 4,059 3,975 3,547 3,129.4 2,537.1 3,465.3 3,555.3 3,026.4 3,667 4,050.2 4,432.2 5,633.5 5,573.7 5,543.4 3,815.3 3,768.2 7,961.9 7,255.7 6,204.5 5,402.4 4,316.7 3,378.6 2,440.7 1,535.9 1,667.1 1,510.3 991.1 691 595.6 894.3 686.5 599.4
Gross Profit 1,051 1,068 1,177 871 757.4 539.3 887.8 961.9 767.3 776.1 971.5 1,051.8 1,450.5 1,408.5 961.2 602.9 274.9 1,927.7 1,882 1,443.1 978 703.1 518.5 356.7 276.6 401.6 346.3 242.1 151.3 82.9 135.9 100.3 70.9
Operating Expenses
R&D Expenses 0 25 28 22 52.2 58.9 72.4 63.2 55.6 86.2 89.7 102.3 131.5 71.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 576 521 518 429 377.8 407.8 480.3 535.8 478.8 541 556.7 548.9 875.1 942.9 879.1 676.7 734.8 1,065.2 920.6 733.6 599.7 488.5 393.7 288.1 172.4 165.3 138.4 103.8 68.5 64.1 83.3 72.4 77.7
Other Expenses 0 (4) (6) 0 (0.6) 4.2 0.1 (49.6) 4.7 290.7 1.4 0.6 24.8 0 0 0 0 0 0 0 3.3 0 51.3 0 3.8 41.5 32.2 18.4 14.3 13.7 27.7 17.1 22.4
Operating Expenses 576 542 540 451 429.4 470.9 552.8 549.4 539.1 917.9 647.8 651.8 1,031.4 1,116.8 879.1 676.7 734.8 1,065.2 920.6 733.6 603 488.5 445 288.1 176.2 206.8 170.6 122.2 82.8 77.8 111 89.5 100.1
Operating Income
Operating Income 475 526 637 420 328 68.4 335 412.5 228.2 (141.8) 323.7 400 419.1 393.9 82.1 (73.8) (459.9) 402.6 961.4 709.5 375 214.6 73.5 68.6 100.4 194.8 175.7 119.9 68.5 5.1 24.9 10.8 (29.2)
Interest Expense 177 89 63.3 49.1 51.5 65.9 87.9 73.1 67.5 102 108.1 122.7 134.6 190.5 134.9 145.4 119.4 103.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 12 13 7.6 2.8 3.7 3.6 6.5 8.9 6.9 4.3 3.8 6 6.7 8.8 14.3 9.8 4.9 22.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 633 579 699 463 365.5 126.6 385 419.6 297.1 (72) 436.2 566.8 569.7 443.9 327.1 11.9 (311) 266.8 1,037.6 782.5 446 289 140.7 113.6 148.7 236.3 207.9 138.3 82.8 18.8 52.6 27.9 (6.8)
EBIT 475 497 643 416 315.3 76.9 335.4 359.9 230.6 (168.7) 303.8 401.3 417.4 290.9 200.5 (92.9) (404.4) 186.5 961.4 709.5 370.4 214.6 58 68.6 108.4 194.8 175.7 119.9 68.5 5.1 24.9 10.8 (29.2)
Income Before Tax 292 408 580 367 263.8 11 247.5 287.1 163.4 (270.7) 195.7 278.6 291.3 126.3 85.4 (238.3) (581.7) 314.1 919.3 614.7 289.8 147.4 (35.3) (25.8) 24.6 159.6 98.4 74.5 31 (42.2) 11.8 2 (64.9)
Income Tax Expense 71 73 63 67 46.3 2 37.8 45.4 52.4 (77.4) 67.5 26.6 87.4 51.5 51.4 (26.8) (132.1) 242.2 305.4 218.2 101.3 (176.7) (9.8) (8.3) 7.9 55.7 (74.5) 1.7 0.7 12.1 60.1 0.8 0.2
Net Income 221 335 518 300 220.9 (10.6) 54.4 113.7 128.7 (176.1) 145.9 319 226 77 45.4 358.5 (385.8) 71.9 613.9 400.5 188.5 324.1 (25.5) (132.5) 12.8 95.1 172.9 34.5 15.5 47.7 (35.2) 0.5 (66.6)
Per Share Data
EPS (Basic) 3.36 5.00 7.66 4.38 3.12 0.13 2.95 3.21 1.20 -1.79 1.20 2.31 1.88 0.70 0.41 3.30 -3.88 0.73 6.00 3.97 1.89 3.30 -0.27 -0.70 0.09 0.67 3.57 0.84 0.33 0.53 -1.66 -0.26 -3.23
EPS (Diluted) 3.33 4.96 7.56 4.32 3.07 0.13 2.92 3.14 1.17 -1.79 1.17 2.22 1.79 0.68 0.41 3.30 -3.88 0.72 5.85 3.88 1.84 3.17 -0.27 -0.70 0.09 0.65 3.38 0.77 0.30 1.18 -0.87 -0.26 -3.23
Shares Outstanding 65.8 66.9 67.5 68.5 69.7 69.6 71.1 75.4 92.8 107.8 107.4 109.7 111.1 110.3 109.5 108.7 102.6 98.1 102.4 100.7 100 98 96.2 189.6 143 143 48.4 41.4 32.4 26.4 21.2 20.6 20.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 772 388 371 304.1 266.9 665 535.1 368 626.5 428.5 929.5 484.4 418.8 467.5 352.2 250.4 181.4 133.3 25.1 28.7 72 7.8 9.7 9.2
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 730 643 548 547.5 507.7 476.4 478.2 607 579.9 512.5 610 967.5 683.6 540.2 578.6 351.1 360.2 429.2 249.8 139.3 110.3 127.1 91.7 74
Inventory 1,109 1,147 1,186 988.4 813.5 610.4 847.7 1,212 969.6 853.8 1,418.5 2,234.8 1,281.3 1,009.7 1,106.3 704.8 598.1 665.6 472.8 232.1 190.6 249.3 164.2 163.8
Other Current Assets 114 142 15 16.7 57.3 126.8 158.7 496.1 0 732.9 956.6 354.2 263.4 176.6 184 76.7 102.7 87.2 23.9 26.4 17.3 42 12.6 10.3
Total Current Assets 2,725 2,320 2,245 1,962 1,767.8 1,878.6 2,019.7 2,423 2,383 2,700.5 3,914.6 4,040.9 2,647.1 2,194 2,221.1 1,383 1,242.4 1,315.3 771.6 426.5 390.2 426.2 278.2 257.3
Non-Current Assets
Property, Plant & Equipment 886 714 696 465.6 528.8 509.5 512.3 345.6 311 304.6 629.9 481.5 362.6 370.1 309.4 173.9 153.9 172.8 99.5 47.8 31.7 101.3 86.2 97.5
Goodwill 1,091 1,093 295 284.4 280.1 275.4 269.9 265.2 273.6 259.7 511.1 457 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,027 1,107 16 17.4 13.4 8.3 9.7 13.2 13.8 18.4 0 0 667.1 603.5 622.9 620.1 491.4 554.7 240.9 88.4 32.4 65.8 0 0
Long-Term Investments 0 7 0 0 0 77.3 103 122.5 116 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 410 489 363 388.7 273.4 282.7 281.0 438.9 481.1 1,723.6 504.8 381.5 276.3 317.3 318.8 134.6 96 134.7 39.2 25.8 16.9 33.6 37.2 35.9
Total Non-Current Assets 3,414 3,410 1,370 1,156.1 1,095.7 1,153.2 1,175.9 1,062.9 1,079.5 2,306.3 1,799.2 1,404.5 1,532 1,529.8 1,404.6 1,004 741.3 862.2 379.6 162 81 200.7 123.4 133.4
Total Assets 6,139 5,730 3,615 3,118.1 2,863.5 3,031.8 3,195.6 3,485.9 3,462.5 5,006.8 5,713.8 5,445.4 4,179.1 3,723.8 3,625.7 2,387 1,983.7 2,177.5 1,151.2 588.5 471.2 626.9 401.6 390.7
Current Liabilities
Account Payables 683 580 703 624.6 537.7 369.9 508.1 687.2 592.4 522.7 540.9 789.1 895.8 608.6 542.9 291 311.2 297 226.9 138.1 104.4 161 112.2 85.4
Short-Term Debt 39 4 3 1.9 5.6 32.4 32.8 4.1 5.2 13.8 73.7 39.4 84.6 86.8 74.1 34.7 20.5 57.6 44.7 26.6 19.2 9.1 27.9 22.7
Deferred Revenue 21 0 0 0 0 0 0 (788.2) (592.4) 186.3 132 119.3 201.5 183 160 0 0 0 0 0 0 0 0 0
Other Current Liabilities 321 458 247 239.5 234.8 235.2 231.2 398.4 278.3 745.4 677.2 826.8 437.6 281 329.2 301.4 243.9 224.9 153.8 71.4 71.4 124.6 81.5 79.7
Total Current Liabilities 1,187 1,073 1,119 998.6 909.9 723.3 872.4 1,214.7 1,035.5 1,407 1,554.7 1,824.6 1,529.5 1,159.4 1,106.2 627.1 575.6 579.5 425.4 236.1 195 294.7 221.6 187.8
Non-Current Liabilities
Long-Term Debt 2,663 2,568 611 769.4 665 1,161.8 1,166.1 1,210.6 979.6 1,562 1,892.7 1,396.4 1,114.2 1,274.8 1,487.1 1,020.7 882 1,098.8 586.6 273.5 262.1 328.4 163 195.3
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 67 142 112 101.9 102.4 137.9 117.4 199.6 221.8 516.6 592 502.7 400.2 412.9 263.2 143.8 74.6 66.4 41.1 18.7 29.6 68.6 55.4 59.4
Total Non-Current Liabilities 2,857 2,825 824 938.3 844 1,387 1,390.9 1,410.2 1,204.5 2,078.6 2,484.7 1,899.1 1,514.4 1,687.7 1,750.3 1,164.5 956.6 1,165.2 627.7 292.2 291.7 397 218.4 254.7
Total Liabilities 4,044 3,898 1,943 1,936.9 1,753.9 2,110.3 2,263.3 2,624.9 2,240 3,485.6 4,039.4 3,723.7 3,043.9 2,847.1 2,856.5 1,791.6 1,532.2 1,744.7 1,053.1 528.3 486.7 691.7 440 442.5
Stockholders' Equity
Common Stock 1 1 1 0.9 0.9 0.9 0.8 0.8 1.3 1.3 1.2 1.1 0.5 0.5 0.5 0.4 0.3 0.3 0 0 0 0 0 0
Retained Earnings 2,139 1,964 1,675 1,200.6 936.9 750.3 771.4 749 1,995.9 1,897.9 958.2 1,356.6 118.9 41.9 67.4 199.9 187.1 92 (80.9) (115.4) (126.1) (150.9) (108.4) (102.9)
Accumulated Other Comprehensive Income (265) (382) (287) (341.6) (228.5) (208.4) (257.5) (284.8) (239.5) (779.4) 36 (82.3) 206.5 57 (53.6) (119.8) (77.8) (14.5) (49.5) (35.2) (33.7) (52.6) (37.8) (30.2)
Total Stockholders' Equity 2,095 1,832 1,672 1,181.2 1,109.6 921.5 932.3 861 1,186 1,484.7 1,650.2 1,721.7 1,135.2 876.7 769.2 595.4 451.5 432.8 98.1 59.6 (15.5) (64.8) (38.4) (51.8)
Total Liabilities & Equity 6,139 5,730 3,615 3,118.1 2,863.5 3,031.8 3,195.6 3,485.9 3,426.5 5,006.8 5,713.8 5,445.4 4,179.1 3,723.8 3,625.7 2,387 1,983.7 2,177.5 1,151.2 588.5 471.2 626.9 401.6 390.7
Debt Metrics
Total Debt 2,809 2,718 743 864.6 767.4 1,281.5 1,306.3 1,219.4 984.8 1,575.8 1,966.4 1,435.8 1,198.8 1,361.6 1,561.2 1,055.4 902.5 1,156.4 631.3 300.1 281.3 337.5 190.9 218
Net Debt 2,037 2,330 372 560.5 500.5 616.5 771.2 851.4 358.3 1,147.3 1,036.9 951.4 780 894.1 1,209 805 721.1 1,023.1 606.2 271.4 209.3 329.7 181.2 208.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 221 335 518 300 220.9 (10.6) 54.4 113.7 128.7 (175.5) 188.5 324.1 (25.5) (132.5) 12.8 96.6 172.9 72.8 30.3 47.7 (27.7) 1.2 (65.1)
Depreciation & Amortization 158 82 56.4 47 50.2 49.7 49.6 59.7 66.5 96.7 75.6 65.6 70.4 45 40.3 41.5 32.2 18.4 14.3 13.7 27.7 17.1 22.4
Stock-Based Compensation 0 30 43.6 30 33.1 23.8 43.1 36.7 38.5 37.8 29.1 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 66 (133) (129) (127) (54.8) 186.3 69.4 (79.2) (42.2) 301.9 (10.2) (2.1) 292.1 4.2 (91.2) 56.5 (120.4) (110.7) (45) (28.2) (5.6) 4.8 (3.8)
Other Non-Cash Items (2) 22 9.4 12 42.8 (29.4) (25.5) (27.6) (76.1) 253.8 (28.7) (19.1) 78.9 188.8 21.9 (26) (6.7) 0 0.1 (0.1) (16.3) (32.3) 0.3
Operating Cash Flow 440 326 459.3 261.2 293.4 225.4 173.4 94.2 153 377.1 273.4 164.6 384.1 70.3 (5.5) 200.6 5 (19.5) (0.3) (17.6) (21.9) (9.2) (46.2)
Investing Activities
Capital Expenditure (118) (137) (127.2) (109.6) (59.7) (64.5) (108.9) (103.8) (43.5) (73) (48.6) (35.5) (27.1) (29.2) (13.5) (24.2) (557) (224.4) (107.1) (8.1) (10.5) (12.7) (12.2)
Acquisitions 112 (2,001) (23.8) (50.1) (42.7) 2.7 182 (6.9) 803.4 (7) (5.1) (58.7) (7.7) (445.9) (130.8) (20) 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 (1.7) (2.7) (182) 103.8 0 0 (4.6) 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 59.7 7.5 30.7 19.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 38 11 36.6 5.6 (57.8) 18.5 182 (98.8) 1,579.1 68.2 1.6 32.4 6.1 34.5 8 155.1 4 2.4 8.5 143.8 (88.4) 49.5 15.6
Investing Cash Flow 32 (2,127) (114.4) (154.1) (102.2) (38.5) 103.8 (85.9) 1,535.6 (11.8) (56.7) (61.8) (28.7) (440.6) (136.3) 110.9 (553) (222) (98.6) 135.7 (98.9) 36.8 3.4
Financing Activities
Net Debt Issuance (7) 1,995 (158.7) 96.5 (503.4) (6) (43.9) 232.2 (583.4) (188.6) (35.5) (162.4) (229.1) 351.6 116.5 (236.7) 483.6 271.3 16 (56) 120.6 (28.6) (0.6)
Stock Repurchased (56) (49) (62.8) (101.3) (3) (56) (7.4) (427.5) (924.9) (82.7) 0 0 0 0 0 (20.2) 0 0 (45.4) 0 0 0 0
Dividends Paid (45) (46) (43.2) (35.6) (33.5) (8.4) (31.4) (30) (29.5) (30) 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (15) (63) (23.1) (14.5) (40.2) (12.4) (21) (19.6) (68.7) (8.9) (18.6) (16.9) (43.3) (4.9) (1.3) (4.3) 10.8 (32) (11) 5.6 (0.5) 0.3 0.1
Financing Cash Flow (123) 1,837 (287.8) (54.9) (580.1) (82.8) (103.7) (244.9) (1,606.5) (310.2) (49) (170.1) (269.6) 460 211.5 (261.2) 657.2 239.3 64.2 (50.4) 120.1 (28.3) 26.7
Cash Position
Net Change in Cash 384 17 66.6 37.2 (403.2) 130 168 (258) 128.2 35.4 134.8 (48.7) 115.3 101.8 69 48.1 108.2 (3.6) (43.3) 65 (1.9) 0.5 (16.5)
Cash at Beginning 388 371 304.1 266.9 670.1 540.1 372.1 630.1 501.9 466.5 418.8 467.5 352.2 250.4 181.4 133.3 25.1 28.7 72 7 9.7 9.2 25.7
Cash at End 772 388 370.7 304.1 266.9 670.1 540.1 372.1 630.1 501.9 553.6 418.8 467.5 352.2 250.4 181.4 133.3 25.1 28.7 72 7.8 9.7 9.2
Free Cash Flow 322 189 332.1 151.6 233.7 160.9 64.5 (9.6) 109.5 304.1 224.8 129.1 357 41.1 (19) 176.4 (552) (243.9) (107.4) (25.7) (32.4) (21.9) (58.4)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 5,421 5,127 5,152 4,418 3,886.8 3,076.4 4,353.1 4,517.2 3,793.7 4,443.1 5,021.7 5,484 7,084 6,982.2 6,504.6 4,418.2 4,043.1 9,889.6 9,137.7 7,647.6 6,380.4 5,019.8 3,897.1 2,797.4 1,812.5 2,068.7 1,856.6 1,233.2 842.3 678.5 1,030.2 786.8 670.3
Gross Profit 1,051 1,068 1,177 871 757.4 539.3 887.8 961.9 767.3 776.1 971.5 1,051.8 1,450.5 1,408.5 961.2 602.9 274.9 1,927.7 1,882 1,443.1 978 703.1 518.5 356.7 276.6 401.6 346.3 242.1 151.3 82.9 135.9 100.3 70.9
Operating Income 475 526 637 420 328 68.4 335 412.5 228.2 (141.8) 323.7 400 419.1 393.9 82.1 (73.8) (459.9) 402.6 961.4 709.5 375 214.6 73.5 68.6 100.4 194.8 175.7 119.9 68.5 5.1 24.9 10.8 (29.2)
Net Income 221 335 518 300 220.9 (10.6) 54.4 113.7 128.7 (176.1) 145.9 319 226 77 45.4 358.5 (385.8) 71.9 613.9 400.5 188.5 324.1 (25.5) (132.5) 12.8 95.1 172.9 34.5 15.5 47.7 (35.2) 0.5 (66.6)
EPS (Diluted) 3.33 4.96 7.56 4.32 3.07 0.13 2.92 3.14 1.17 -1.79 1.17 2.22 1.79 0.68 0.41 3.30 -3.88 0.72 5.85 3.88 1.84 3.17 -0.27 -0.70 0.09 0.65 3.38 0.77 0.30 1.18 -0.87 -0.26 -3.23
Balance Sheet
Cash & Equivalents 772 388 371 304.1 266.9 665 535.1 368 626.5 428.5 929.5 484.4 418.8 467.5 352.2 250.4 181.4 133.3 25.1 28.7 72 7.8 9.7 9.2
Total Assets 6,139 5,730 3,615 3,118.1 2,863.5 3,031.8 3,195.6 3,485.9 3,462.5 5,006.8 5,713.8 5,445.4 4,179.1 3,723.8 3,625.7 2,387 1,983.7 2,177.5 1,151.2 588.5 471.2 626.9 401.6 390.7
Total Debt 2,809 2,718 743 864.6 767.4 1,281.5 1,306.3 1,219.4 984.8 1,575.8 1,966.4 1,435.8 1,198.8 1,361.6 1,561.2 1,055.4 902.5 1,156.4 631.3 300.1 281.3 337.5 190.9 218
Stockholders' Equity 2,095 1,832 1,672 1,181.2 1,109.6 921.5 932.3 861 1,186 1,484.7 1,650.2 1,721.7 1,135.2 876.7 769.2 595.4 451.5 432.8 98.1 59.6 (15.5) (64.8) (38.4) (51.8)
Cash Flow
Operating Cash Flow 440 326 459.3 261.2 293.4 225.4 173.4 94.2 153 377.1 273.4 164.6 384.1 70.3 (5.5) 200.6 5 (19.5) (0.3) (17.6) (21.9) (9.2) (46.2)
Capital Expenditure (118) (137) (127.2) (109.6) (59.7) (64.5) (108.9) (103.8) (43.5) (73) (48.6) (35.5) (27.1) (29.2) (13.5) (24.2) (557) (224.4) (107.1) (8.1) (10.5) (12.7) (12.2)
Free Cash Flow 322 189 332.1 151.6 233.7 160.9 64.5 (9.6) 109.5 304.1 224.8 129.1 357 41.1 (19) 176.4 (552) (243.9) (107.4) (25.7) (32.4) (21.9) (58.4)