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Terex Corporation manufactures industrial equipment for materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry worldwide. The MP segment offers crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, ProAll, ZenRobotics, Terex Washing Systems, Terex MPS, Terex Jaques, Advance, Bid-Well, MDS, MARCO, MAGNA, Green-Tec, and Terex Recycling Systems brands. Its products are used in construction, infrastructure, and recycling projects; quarrying, mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The Aerials segment provides aerial work platform equipment, and telehandlers under the Terex and Genie brands; and portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, and scissor lifts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, commercial operations, and tree trimming and various infrastructure projects. The ES segments offers refuse collection bodies, hydraulic cart lifters, automated carry cans, utility equipment, compaction, balers, recycling equipment, diggers derricks, transmission and distribution lines, construction and foundation drilling applications, insulated aerial devices, and cameras under the Heil, Marathon, 3rd Eye, Soft-Pak, Connected Collections, Parts Central, Curotto-Can, and Bayne Thinline brands; and waste hauler software solutions. The company offers financing solutions to assist customers in the rental, leasing, and acquisition of its products. The company was founded in 1933 and is based in Norwalk, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.4B | $627M | $221M | $322M | 10.5% | 5.7% | -34.0% |
| 2024 | $5.1B | $579M | $335M | $189M | 18.3% | -0.5% | -35.3% |
| 2023 | $5.2B | $699M | $518M | $332M | 31.0% | 16.6% | 72.7% |
| 2022 | $4.4B | $463M | $300M | $151M | 25.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 4,418 | 5,152 | 5,127 | 5,421 |
| Cost Of Revenue | 3,547 | 3,975 | 4,059 | 4,370 |
| Gross Profit | 871 | 1,177 | 1,068 | 1,051 |
| Operating Expense | 451 | 540 | 542 | 576 |
| Operating Income | 420 | 637 | 526 | 475 |
| EBITDA | 463 | 699 | 579 | 627 |
| EBIT | 416 | 643 | 497 | 469 |
| Pretax Income | 367 | 580 | 408 | 292 |
| Tax Provision | 67 | 63 | 73 | 71 |
| Net Income | 300 | 518 | 335 | 221 |
| Net Income Common Stockholders | 300 | 518 | 335 | 221 |
| Total Expenses | 3,998 | 4,515 | 4,601 | 4,946 |
| Interest Expense | 49 | 63 | 89 | 177 |
| Interest Income | 3 | 7 | 13 | 12 |
| Selling General And Administration | 451 | 540 | 542 | 576 |
| Normalized EBITDA | 463 | 699 | 579 | 627 |
| Normalized Income | 300 | 517 | 335 | 221 |
| Basic EPS | 4.38 | 7.67 | 5 | 3.36 |
| Diluted EPS | 4.32 | 7.58 | 4.96 | 3.33 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.18 | 0.11 | 0.18 | 0.24 |
| Total Unusual Items | -0.30 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | -0.30 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 300 | 517 | 335 | 221 |
| Reconciled Depreciation | 47 | 56 | 82 | 158 |
| Reconciled Cost Of Revenue | 3,547 | 3,975 | 4,059 | 4,370 |
| Net Interest Income | -46 | -56 | -76 | -165 |
| Net Income From Continuing And Discontinued Operation | 300 | 518 | 335 | 221 |
| Total Operating Income As Reported | 420 | 637 | 526 | 475 |
| Diluted Average Shares | 69.40 | 68.30 | 67.60 | 66.30 |
| Basic Average Shares | 68.50 | 67.50 | 67 | 65.80 |
| Diluted NI Availto Com Stockholders | 300 | 518 | 335 | 221 |
| Net Income Including Noncontrolling Interests | 300 | 518 | 335 | 221 |
| Net Income Discontinuous Operations | 0 | 1 | 0 | 0 |
| Net Income Continuous Operations | 300 | 517 | 335 | 221 |
| Other Income Expense | -7 | -1 | -42 | -18 |
| Other Non Operating Income Expenses | -7 | -1 | -42 | -18 |
| Special Income Charges | -0.30 | 0 | 0 | 0 |
| Other Special Charges | 0.30 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -46 | -56 | -76 | -165 |
| Interest Expense Non Operating | 49 | 63 | 89 | 177 |
| Interest Income Non Operating | 3 | 7 | 13 | 12 |
| Operating Revenue | 4,418 | 5,152 | 5,127 | 5,421 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Terex Corporationthis co. | TEX | $6.9B | 18.23↓ discount | 1.88 | 10.5% | 14.04 |
| Joby Aviation, Inc. | JOBY | $8.6B | - | 5.65 | -66.0% | -10.53 |
| EnerSys | ENS | $7.6B | 25.52 | 3.99 | 18.9% | 14.10 |
| Fluor Corporation | FLR | $7.4B | - | 2.43 | -1.6% | -24.46 |
| Commercial Metals Company | CMC | $7.4B | 14.91 |
| 1.68 |
| 2.0% |
| 9.91 |
| GATX Corporation | GATX | $6.9B | 21.23 | 2.49 | 9.2% | 19.80 |
| Construction Partners, Inc. | ROAD | $6.5B | 52.19 | 6.73 | 11.2% | 17.97 |
| Firefly Aerospace Inc. | FLY | $5.4B | - | 4.48 | -25.1% | -23.98 |
| Plug Power Inc. | PLUG | $4.8B | - | 4.86 | -162.6% | -7.99 |
| Peer Median | - | 23.37 | 4.24 | 0.2% | 0.96 | |