Cash flow Terex Corporation

Stocks

TEX

US8807791038

Heavy Machinery & Vehicles

Market Closed - NYSE 16:00:02 2026-09-28 EDT			5-day change	1st Jan Change
55.50 ^USD	-3.19%		-6.00%	+3.97%

07-31	Truist Raises Price Target on Terex to $96 From $92, Keeps Buy Rating	MT
07-30	Terex Corporation, Q2 2026 Earnings Call, Jul 30, 2026

3.4L-QcS-cYSnn1dAYOD40BelH_hBr7DiDNy2zAMaq5sM.svDABUT6CGqXl5tSWwl4ddEQqGkR2XTmBnnAb7bmn6HU0OMLV8tTeo6ShQ

Published financial data: TEREX CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	3.89B	4.42B	5.15B	5.13B	5.42B
Total Revenues	3.89B	4.42B	5.15B	5.13B	5.42B
Cost of Goods Sold, Total	3.13B	3.55B	3.97B	4.06B	4.37B
Gross Profit	757M	871M	1.18B	1.07B	1.05B
Selling General & Admin Expenses, Total	371M	395M	480M	521M	540M
R&D Expenses	52.2M	55.8M	66.7M	25M	39M
Other Operating Expenses, Total	424M	451M	547M	546M	579M
Operating Income	334M	420M	630M	522M	472M
Interest Expense, Total	-51.5M	-49.1M	-63.3M	-89M	-177M
Interest And Investment Income	3.7M	2.8M	7.6M	13M	12M
Net Interest Expenses	-47.8M	-46.3M	-55.7M	-76M	-165M
Currency Exchange Gains (Loss)	500K	100K	-1.8M	-4M	-
Other Non Operating Income (Expenses)	13M	-5.9M	5.6M	-9M	-10M
EBT, Excl. Unusual Items	300M	368M	578M	433M	297M
Restructuring Charges	-	-	-	-	-28M
Merger & Related Restructuring Charges	-	-	-	-25M	-11M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	3M
Gain (Loss) On Sale Of Assets	-	-	2M	-	41M
Asset Writedown	-6.3M	-1.1M	-300K	-	-
Legal Settlements	-	-	-	-	-10M
Other Unusual Items	-29.4M	-300K	-	-	-
EBT, Incl. Unusual Items	264M	367M	580M	408M	292M
Income Tax Expense	46.3M	66.4M	63M	73M	71M
Earnings From Continuing Operations	218M	300M	517M	335M	221M
Earnings Of Discontinued Operations	3.4M	-200K	1.3M	-	-
Net Income to Company	221M	300M	518M	335M	221M
Minority Interest	-	-	-	-	-
Net Income - (IS)	221M	300M	518M	335M	221M
Net Income to Common Incl Extra Items	221M	300M	518M	335M	221M
Net Income to Common Excl. Extra Items	218M	300M	517M	335M	221M
Per Share Items
Net EPS - Basic	3.17	4.38	7.67	5	3.36
Basic EPS - Continuing Operations	3.12	4.38	7.65	5	3.36
Basic Weighted Average Shares Outstanding	69.7M	68.5M	67.5M	67M	65.8M
Net EPS - Diluted	3.12	4.32	7.58	4.96	3.33
Diluted EPS - Continuing Operations	3.07	4.32	7.56	4.96	3.33
Diluted Weighted Average Shares Outstanding	70.9M	69.4M	68.3M	67.6M	66.3M
Normalized Basic EPS	2.69	3.36	5.35	4.04	2.82
Normalized Diluted EPS	2.64	3.31	5.29	4	2.8
Dividend Per Share	0.48	0.52	0.64	0.68	0.68
Payout Ratio	15.17	11.87	8.34	13.73	20.36
Supplemental Items
EBITDA	384M	467M	686M	604M	630M
EBITA	336M	423M	632M	543M	554M
EBIT	334M	420M	630M	522M	472M
EBITDAR	424M	509M	735M	656M	684M
Effective Tax Rate - (Ratio)	17.55	18.11	10.87	17.89	24.32
Current Domestic Taxes	8.4M	8.2M	35.2M	36M	22M
Current Foreign Taxes	36.7M	58.8M	65.9M	47M	52M
Total Current Taxes	45.1M	67M	101M	83M	74M
Deferred Domestic Taxes	-2.3M	8.7M	-7.8M	-4M	-2M
Deferred Foreign Taxes	3.5M	-9.3M	-30.3M	-6M	-1M
Total Deferred Taxes	1.2M	-600K	-38.1M	-10M	-3M
Normalized Net Income	187M	230M	361M	271M	186M
Non-Cash Pension Expense	400K	-200K	4.9M	4M	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	52.2M	55.8M	66.7M	25M	39M
Net Rental Expense, Total	39.7M	41.3M	48.5M	52M	54M
Imputed Operating Lease Interest Expense	15.94M	19.88M	30.54M	21.39M	28.16M
Imputed Operating Lease Depreciation	23.76M	21.42M	17.96M	30.61M	25.84M
Stock-Based Comp., Other (Total)	33.1M	30.3M	43.6M	30M	32M
Total Stock-Based Compensation	33.1M	30.3M	43.6M	30M	32M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	267M	304M	371M	388M	772M
Total Cash And Short Term Investments	267M	304M	371M	388M	772M
Accounts Receivable, Total	508M	548M	548M	643M	712M
Other Receivables	52.4M	14.7M	11.1M	27M	18M
Total Receivables	560M	562M	559M	670M	730M
Inventory	814M	988M	1.19B	1.15B	1.11B
Prepaid Expenses	122M	105M	125M	109M	114M
Other Current Assets, Total	4.9M	2M	4.2M	6M	-
Total Current Assets	1.77B	1.96B	2.25B	2.32B	2.72B
Gross Property Plant And Equipment	916M	938M	1.12B	1.32B	1.4B
Accumulated Depreciation	-387M	-383M	-425M	-468M	-515M
Net Property Plant And Equipment	529M	555M	696M	850M	886M
Goodwill	280M	284M	295M	1.09B	1.09B
Other Intangibles, Total	13.4M	17.4M	15.7M	1.11B	1.03B
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Charges Long-Term	12M	9.5M	7.5M	45M	39M
Other Long-Term Assets, Total	261M	290M	357M	315M	371M
Total Assets	2.86B	3.12B	3.62B	5.73B	6.14B
Liabilities
Accounts Payable, Total	538M	625M	703M	580M	683M
Accrued Expenses, Total	112M	106M	139M	120M	123M
Current Portion of Long-Term Debt	5.6M	1.9M	2.8M	4M	6M
Current Portion of Leases	20.2M	26.3M	28.4M	31M	33M
Unearned Revenue Current, Total	-	-	-	20M	21M
Other Current Liabilities	235M	240M	246M	318M	321M
Total Current Liabilities	910M	999M	1.12B	1.07B	1.19B
Long-Term Debt	665M	769M	612M	2.57B	2.57B
Long-Term Leases	76.6M	67M	101M	115M	107M
Unearned Revenue Non Current	-	-	-	16M	20M
Pension & Other Post Retirement Benefits	56.2M	46.1M	45.2M	40M	-
Other Non Current Liabilities	46.2M	55.8M	66M	86M	163M
Total Liabilities	1.75B	1.94B	1.94B	3.9B	4.04B
Common Stock, Total	900K	900K	900K	1M	1M
Additional Paid In Capital	860M	882M	906M	921M	942M
Retained Earnings	937M	1.2B	1.67B	1.96B	2.14B
Treasury Stock	-460M	-560M	-622M	-672M	-722M
Comprehensive Income and Other	-228M	-342M	-287M	-382M	-265M
Total Common Equity	1.11B	1.18B	1.67B	1.83B	2.1B
Minority Interest	-	-	-	-	-
Total Equity	1.11B	1.18B	1.67B	1.83B	2.1B
Total Liabilities And Equity	2.86B	3.12B	3.62B	5.73B	6.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	69.7M	67.5M	67M	66.4M	114M
ECS Total Common Shares Outstanding	69.2M	66.8M	66.1M	65.7M	64.9M
Book Value / Share	16.03	17.68	25.3	27.88	32.28
Tangible Book Value	816M	879M	1.36B	-368M	-23M
Tangible Book Value Per Share	11.79	13.16	20.61	-5.6	-0.35
Total Debt	767M	865M	744M	2.72B	2.71B
Net Debt	500M	560M	373M	2.33B	1.94B
Debt Equivalent of Unfunded Proj. Benefit Obligation	49.7M	48M	47.3M	40M	-
Debt Equivalent Oper. Leases	318M	330M	388M	416M	432M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	6	5	5	5	5
Inventories - Raw Materials, Total	268M	353M	401M	452M	439M
Inventories - Work In Process, Total	106M	154M	132M	121M	107M
Inventories - Finished Goods, Total	283M	319M	468M	406M	373M
Inventories - Others	157M	163M	186M	168M	190M
Machinery, Total	687M	666M	795M	935M	1.04B
Full Time Employees	8.6K	9.3K	10.2K	11.4K	10.7K
Assets on Operating Lease - Gross	-	-	-	-	-
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	9.7M	9.4M	8.3M	9M	9M
Order Backlog	2.99B	4.07B	3.41B	2.29B	2.35B

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	221M	300M	518M	335M	221M
Depreciation & Amortization - CF	48M	44.6M	53.8M	61M	76M
Amortization of Goodwill and Intangible Assets - (CF)	2.2M	2.6M	2.6M	21M	82M
Depreciation & Amortization, Total	50.2M	47.2M	56.4M	82M	158M
(Gain) Loss From Sale Of Asset	-7.4M	-	-	-	-41M
Asset Writedown & Restructuring Costs	6.3M	-	-	-	-
Stock-Based Compensation (CF)	33.1M	30.3M	43.6M	30M	32M
Net Cash From Discontinued Operations	-3.4M	-	-	-	-
Other Operating Activities, Total	48.5M	10.7M	-29.9M	12M	-8M
Change In Accounts Receivable	-139M	-54.7M	11M	16M	-46M
Change In Inventories	-230M	-206M	-200M	77M	39M
Change In Accounts Payable	173M	96.3M	57.5M	-241M	118M
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	141M	37.5M	2.3M	15M	-33M
Cash from Operations	293M	261M	459M	326M	440M
Capital Expenditure	-59.7M	-110M	-127M	-137M	-118M
Sale of Property, Plant, and Equipment	1.9M	-	33.6M	1M	3M
Cash Acquisitions	-42.7M	-50.1M	-23.8M	-2B	-
Divestitures	-	-	-	-	109M
Investment in Marketable and Equity Securities, Total	-1.7M	-	-	-	-
Other Investing Activities, Total	-	5.6M	3M	10M	38M
Cash from Investing	-102M	-154M	-114M	-2.13B	32M
Long-Term Debt Issued, Total	600M	321M	243M	2.22B	97M
Total Debt Issued	600M	321M	243M	2.22B	97M
Long-Term Debt Repaid, Total	-1.1B	-224M	-402M	-222M	-104M
Total Debt Repaid	-1.1B	-224M	-402M	-222M	-104M
Repurchase of Common Stock	-3M	-101M	-62.8M	-49M	-56M
Common Dividends Paid	-33.5M	-35.6M	-43.2M	-46M	-45M
Common & Preferred Stock Dividends Paid	-33.5M	-35.6M	-43.2M	-46M	-45M
Other Financing Activities, Total	-40.2M	-14.5M	-23.1M	-63M	-15M
Cash from Financing	-580M	-54.9M	-288M	1.84B	-123M
Foreign Exchange Rate Adjustments	-14.3M	-15M	9.5M	-19M	35M
Net Change in Cash	-403M	37.2M	66.6M	17M	384M
Supplemental Items
Cash Interest Paid	51.3M	37.4M	39M	53M	156M
Cash Income Tax Paid (Refund)	28.4M	20.4M	86M	79M	43M
Levered Free Cash Flow	107M	129M	228M	138M	345M
Unlevered Free Cash Flow	139M	160M	267M	193M	456M
Change In Net Working Capital	92.9M	70.7M	99M	108M	-89M
Net Debt Issued / Repaid	-503M	96.5M	-159M	2B	-7M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	7.08	8.78	11.69	6.98	4.97
Return on Total Capital	10.22	13.39	17.65	9.37	6.3
Return On Equity %	21.42	26.21	36.22	19.12	11.26
Return on Common Equity	21.42	26.21	36.22	19.12	11.26
Margin Analysis
Gross Profit Margin %	19.49	19.72	22.84	20.83	19.39
SG&A Margin	9.56	8.95	9.32	10.16	9.96
EBITDA Margin %	9.88	10.58	13.32	11.78	11.62
EBITA Margin %	8.64	9.57	12.28	10.59	10.22
EBIT Margin %	8.59	9.51	12.23	10.18	8.71
Income From Continuing Operations Margin %	5.6	6.8	10.03	6.53	4.08
Net Income Margin %	5.68	6.79	10.06	6.53	4.08
Net Avail. For Common Margin %	5.6	6.8	10.03	6.53	4.08
Normalized Net Income Margin	4.82	5.21	7.01	5.28	3.42
Levered Free Cash Flow Margin	2.76	2.92	4.42	2.68	6.37
Unlevered Free Cash Flow Margin	3.58	3.62	5.19	3.77	8.41
Asset Turnover
Asset Turnover	1.32	1.48	1.53	1.1	0.91
Fixed Assets Turnover	7.49	8.15	8.24	6.63	6.25
Receivables Turnover (Average Receivables)	8.75	8.37	9.41	8.61	8
Inventory Turnover (Average Inventory)	4.4	3.94	3.66	3.48	3.87
Short Term Liquidity
Current Ratio	1.94	1.96	2.01	2.16	2.3
Quick Ratio	0.91	0.87	0.83	0.99	1.27
Operating Cash Flow to Current Liabilities	0.32	0.26	0.41	0.3	0.37
Days Sales Outstanding (Average Receivables)	41.74	43.59	38.8	42.51	45.62
Days Outstanding Inventory (Average Inventory)	83.04	92.72	99.83	105.18	94.21
Average Days Payable Outstanding	49.7	57	58.05	58.41	53.21
Cash Conversion Cycle (Average Days)	75.07	79.32	80.59	89.29	86.62
Long Term Solvency
Total Debt/Equity	69.16	73.2	44.49	148.36	129.5
Total Debt / Total Capital	40.88	42.26	30.79	59.74	56.43
LT Debt/Equity	66.83	70.81	42.62	146.45	127.64
Long-Term Debt / Total Capital	39.51	40.88	29.5	58.97	55.62
Total Liabilities / Total Assets	61.25	62.12	53.75	68.03	65.87
EBIT / Interest Expense	6.48	8.56	9.95	5.87	2.67
EBITDA / Interest Expense	8.23	10.36	11.61	7.37	3.86
(EBITDA - Capex) / Interest Expense	7.07	8.13	9.6	5.83	3.2
Total Debt / EBITDA	1.81	1.7	1.01	4.14	3.97
Net Debt / EBITDA	1.18	1.1	0.51	3.55	2.84
Total Debt / (EBITDA - Capex)	2.11	2.17	1.22	5.24	4.79
Net Debt / (EBITDA - Capex)	1.38	1.4	0.61	4.49	3.43
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	26.34	13.66	16.61	-0.49	5.73
Gross Profit, 1 Yr. Growth %	40.44	15.02	35.06	-9.26	-1.59
EBITDA, 1 Yr. Growth %	210.18	22.04	46.52	-12.08	3.62
EBITA, 1 Yr. Growth %	342.69	26.22	49.24	-14.35	1.28
EBIT, 1 Yr. Growth %	350.47	26.27	49.55	-17.27	-10.27
Earnings From Cont. Operations, 1 Yr. Growth %	2.32K	38.02	72.12	-35.2	-34.03
Net Income, 1 Yr. Growth %	-2.18K	35.81	72.67	-35.33	-34.03
Normalized Net Income, 1 Yr. Growth %	1.72K	22.87	57.07	-25.34	-31.41
Diluted EPS Before Extra, 1 Yr. Growth %	2.27K	40.72	75	-34.39	-32.86
Accounts Receivable, 1 Yr. Growth %	33.18	7.84	0.05	17.34	10.73
Inventory, 1 Yr. Growth %	33.27	21.5	19.99	-3.29	-3.31
Net Property, Plant and Equip., 1 Yr. Growth %	3.79	4.95	25.37	22.13	4.24
Total Assets, 1 Yr. Growth %	-5.55	8.89	15.95	58.51	7.14
Tangible Book Value, 1 Yr. Growth %	27.96	7.76	54.88	-127.04	-93.75
Common Equity, 1 Yr. Growth %	20.41	6.45	41.58	9.57	14.36
Cash From Operations, 1 Yr. Growth %	30.17	-10.97	75.84	-28.98	34.97
Capital Expenditures, 1 Yr. Growth %	-7.44	83.58	16.06	7.87	-13.87
Levered Free Cash Flow, 1 Yr. Growth %	-20.77	21.25	75.65	-40.03	146.48
Unlevered Free Cash Flow, 1 Yr. Growth %	-21.02	15.24	66.71	-28.13	132.95
Dividend Per Share, 1 Yr. Growth %	300	8.33	23.08	6.25	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-5.51	19.83	15.13	7.73	2.58
Gross Profit, 2 Yr. CAGR %	-7.64	27.1	24.64	10.73	-5.5
EBITDA, 2 Yr. CAGR %	-0.09	95.47	34.82	13.73	-4.65
EBITA, 2 Yr. CAGR %	-0.13	138.36	38.53	13.3	-6.96
EBIT, 2 Yr. CAGR %	-0.19	140.55	38.71	11.48	-13.92
Earnings From Cont. Operations, 2 Yr. CAGR %	1.84	477.54	54.13	5.67	-34.62
Net Income, 2 Yr. CAGR %	101.51	432	53.13	5.67	-34.68
Normalized Net Income, 2 Yr. CAGR %	9.67	372.26	40.43	8.62	-28.44
Diluted EPS Before Extra, 2 Yr. CAGR %	2.54	478	56.92	7.15	-33.63
Accounts Receivable, 2 Yr. CAGR %	5.76	19.84	3.87	8.37	13.99
Inventory, 2 Yr. CAGR %	-2.04	27.25	20.74	7.72	-3.3
Net Property, Plant and Equip., 2 Yr. CAGR %	1.6	4.37	14.71	23.76	12.83
Total Assets, 2 Yr. CAGR %	-5.34	1.41	12.37	35.56	30.32
Tangible Book Value, 2 Yr. CAGR %	11.82	17.42	29.19	-35.31	-87
Common Equity, 2 Yr. CAGR %	9.1	13.22	22.76	24.54	11.94
Cash From Operations, 2 Yr. CAGR %	30.08	7.65	25.12	11.76	-2.09
Capital Expenditures, 2 Yr. CAGR %	-25.96	30.35	45.97	11.6	-3.61
Levered Free Cash Flow, 2 Yr. CAGR %	-45.91	-1.96	48.66	3.62	21.68
Unlevered Free Cash Flow, 2 Yr. CAGR %	-42.48	-4.58	40.59	10.32	29.33
Dividend Per Share, 2 Yr. CAGR %	4.45	108.17	15.47	14.35	3.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.89	0.49	18.75	9.67	7.06
Gross Profit, 3 Yr. CAGR %	-7.66	-0.63	29.7	12.14	6.46
EBITDA, 3 Yr. CAGR %	-3.14	6.7	77.7	16.95	10.49
EBITA, 3 Yr. CAGR %	-2.7	7.86	104.09	18.11	9.41
EBIT, 3 Yr. CAGR %	-2.75	7.83	105.48	16.82	3.97
Earnings From Cont. Operations, 3 Yr. CAGR %	-3.46	12.7	285.77	15.49	-9.69
Net Income, 3 Yr. CAGR %	24.78	76.67	265.6	14.89	-9.69
Normalized Net Income, 3 Yr. CAGR %	1.05	13.91	227.2	13.89	-6.81
Diluted EPS Before Extra, 3 Yr. CAGR %	-0.75	13.95	288.12	17.34	-8.31
Accounts Receivable, 3 Yr. CAGR %	-5.78	6.45	12.85	8.19	9.15
Inventory, 3 Yr. CAGR %	-3.98	5.25	24.78	12.13	3.91
Net Property, Plant and Equip., 3 Yr. CAGR %	18.56	2.7	10.95	17.14	16.87
Total Assets, 3 Yr. CAGR %	-6.35	-0.82	6.04	26.01	25.33
Tangible Book Value, 3 Yr. CAGR %	11.81	10.45	28.77	-23.32	-70.32
Common Equity, 3 Yr. CAGR %	8.84	8.21	21.98	18.19	21.05
Cash From Operations, 3 Yr. CAGR %	46.04	14.63	26.78	3.57	19.02
Capital Expenditures, 3 Yr. CAGR %	-16.84	0.21	25.4	31.9	2.37
Levered Free Cash Flow, 3 Yr. CAGR %	57.9	-29.36	19.28	10.09	39.15
Unlevered Free Cash Flow, 3 Yr. CAGR %	24.21	-27.61	15.09	12.61	42.14
Dividend Per Share, 3 Yr. CAGR %	6.27	5.73	74.72	12.31	9.35
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.64	3.09	2.66	3.33	12
Gross Profit, 5 Yr. CAGR %	-0.49	2.57	4.11	3.77	14.28
EBITDA, 5 Yr. CAGR %	11.46	9.31	10.18	9.44	38.8
EBITA, 5 Yr. CAGR %	17.68	12.49	11.64	10.02	49.41
EBIT, 5 Yr. CAGR %	17.52	12.52	11.66	9.27	45.41
Earnings From Cont. Operations, 5 Yr. CAGR %	2.39	22.02	16.41	9.82	89.68
Net Income, 5 Yr. CAGR %	4.64	18.44	35.43	43.84	83.58
Normalized Net Income, 5 Yr. CAGR %	37.3	10.55	14.77	11.7	78.26
Diluted EPS Before Extra, 5 Yr. CAGR %	11.39	29.86	19.21	11.18	91.5
Accounts Receivable, 5 Yr. CAGR %	-2.84	-3.81	-2.03	7.21	13.31
Inventory, 5 Yr. CAGR %	-0.96	0.38	5.24	6.23	12.68
Net Property, Plant and Equip., 5 Yr. CAGR %	7.31	8.86	17	10.66	11.7
Total Assets, 5 Yr. CAGR %	-10.57	-2.07	0.73	12.39	15.15
Tangible Book Value, 5 Yr. CAGR %	-7.52	-1.21	18.46	-10.83	-48.55
Common Equity, 5 Yr. CAGR %	-5.66	-0.68	14.21	14.47	17.85
Cash From Operations, 5 Yr. CAGR %	-4.9	11.29	37.28	13.46	14.31
Capital Expenditures, 5 Yr. CAGR %	-3.94	20.3	4.15	4.7	12.84
Levered Free Cash Flow, 5 Yr. CAGR %	-28.34	-16.48	52.97	-17.78	20.8
Unlevered Free Cash Flow, 5 Yr. CAGR %	-26.07	-14.98	29.76	-14.43	21.05
Dividend Per Share, 5 Yr. CAGR %	11.38	10.2	9.86	9.1	41.47