Terex Corporation (TEX) Income Statement
TEX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTEX revenue and net income
Where TEX's revenue goes
2025Each bar shows an amount and its share of revenue. TEX kept 4.1% of revenue as net income.
TEX profit margins
TEX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.7% | +7.1% | +12.0% | +0.8% |
| Gross profit | −1.6% | +6.5% | +14.3% | +0.8% |
| Operating income | −9.7% | +4.2% | +47.3% | +3.9% |
| Net income | −34.0% | −9.7% | — | +4.2% |
| EPS (diluted) | −17.5% | +4.3% | +110.3% | +10.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TEX quarterly EPS vs estimates
Terex beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 28, 2026 (estimate $1.42).
TEX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.42B | $5.13B | $5.15B | $4.42B | $3.89B | $3.08B | $4.35B | $4.52B | $3.79B | $4.44B |
| Cost of revenue | $4.37B | $4.06B | $3.97B | $3.55B | $3.13B | $2.54B | $3.47B | $3.56B | $3.03B | $3.67B |
| Gross profit | $1.05B | $1.07B | $1.18B | $871.0M | $757.4M | $539.3M | $887.8M | $961.9M | $767.3M | $776.1M |
| Research & development | — | $25.0M | $66.7M | $22.0M | $52.2M | $58.9M | $72.4M | $63.2M | $55.6M | $86.2M |
| Sales, general & admin | $576.0M | $542.0M | $507.9M | $451.2M | $429.4M | $470.0M | $552.8M | $673.5M | $642.4M | $684.2M |
| Total operating expenses | $576.0M | $542.0M | $540.1M | $451.0M | $429.4M | $470.9M | $552.8M | $549.4M | $539.1M | $917.9M |
| Operating income | $475.0M | $526.0M | $636.5M | $420.0M | $328.0M | $68.4M | $335.0M | $412.5M | $228.2M | −$141.8M |
| Interest income | $165.0M | $13.0M | $5.9M | $46.3M | $3.7M | $3.6M | $6.5M | $8.9M | $6.9M | $4.3M |
| Interest expense | $177.0M | $89.0M | $63.3M | $49.1M | $51.5M | $65.9M | $87.9M | $73.1M | $67.5M | $102.0M |
| Income before taxes | $292.0M | $408.0M | $579.7M | $367.0M | $263.8M | $11.0M | $247.5M | $287.1M | $163.4M | −$270.7M |
| Income taxes | $71.0M | $73.0M | −$63.0M | $67.0M | $46.3M | $2.0M | $37.8M | $45.4M | $52.4M | −$77.4M |
| Net income | $221.0M | $335.0M | $518.0M | $300.0M | $220.9M | −$10.6M | $54.4M | $113.7M | $128.7M | −$176.1M |
| EBITDA | $627.0M | $579.0M | $636.5M | $463.0M | $365.5M | $126.6M | $385.0M | $419.6M | $297.1M | −$72.0M |
| EPS (diluted) | $4.94 | $5.99 | $7.58 | $4.35 | $3.42 | $0.12 | $3.26 | $2.72 | $1.39 | $0.85 |
| Gross margin | 19.4% | 20.8% | 22.8% | 19.7% | 19.5% | 17.5% | 20.4% | 21.3% | 20.2% | 17.5% |
| Operating margin | 8.8% | 10.3% | 12.4% | 9.5% | 8.4% | 2.2% | 7.7% | 9.1% | 6.0% | −3.2% |
| Net margin | 4.1% | 6.5% | 10.1% | 6.8% | 5.7% | −0.3% | 1.2% | 2.5% | 3.4% | −4.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.24B | $1.73B | $1.32B | $1.39B | $1.49B | $1.23B | $1.24B | $1.21B | $1.38B | $1.29B | $1.22B | $1.29B |
| Cost of revenue | $1.79B | $1.53B | $1.07B | $1.10B | $1.20B | $999.0M | $1.04B | $967.0M | $1.05B | $995.0M | $960.0M | $998.0M |
| Gross profit | $444.0M | $206.0M | $248.0M | $282.0M | $292.0M | $230.0M | $197.0M | $245.0M | $328.4M | $297.0M | $263.0M | $292.0M |
| Research & development | — | — | — | — | — | — | $25.0M | — | — | — | $28.0M | — |
| Sales, general & admin | $209.0M | $241.0M | $111.0M | $142.0M | $162.0M | $161.0M | $144.0M | $123.0M | $135.3M | $139.0M | $146.8M | $129.3M |
| Total operating expenses | $257.0M | $288.0M | $111.0M | $142.0M | $162.0M | $161.0M | $144.0M | $123.0M | $135.3M | $139.0M | $147.0M | $129.0M |
| Operating income | $187.0M | −$82.0M | $137.0M | $140.0M | $130.0M | $69.0M | $53.0M | $122.0M | $193.1M | $158.0M | $116.0M | $163.0M |
| Interest income | $5.0M | $4.0M | $40.0M | $3.0M | $2.0M | $2.0M | $4.0M | $3.0M | $2.0M | $3.6M | $2.4M | $14.9M |
| Interest expense | $50.0M | $47.0M | $133.0M | $47.0M | $46.0M | $43.0M | $45.0M | $13.0M | $15.6M | $15.0M | $16.0M | $17.0M |
| Income before taxes | $139.0M | −$126.0M | $83.0M | $94.0M | $89.0M | $26.0M | −$2.0M | $99.0M | $174.1M | $137.0M | $106.0M | $149.0M |
| Income taxes | $29.0M | −$33.0M | $20.0M | $29.0M | $17.0M | $5.0M | — | $11.0M | $33.4M | $28.0M | −$22.0M | $29.8M |
| Net income | $110.0M | −$89.0M | $63.0M | $65.0M | $72.0M | $21.0M | −$2.0M | $88.0M | $140.7M | $109.0M | $127.0M | $119.0M |
| EBITDA | $275.0M | −$2.0M | −$12.0M | $182.0M | $175.0M | $118.0M | $80.0M | $127.0M | $204.7M | $166.4M | $140.8M | $178.1M |
| EPS (diluted) | $1.37 | $0.98 | $1.12 | $1.50 | $1.49 | $0.83 | $0.77 | $1.46 | $2.16 | $1.60 | $1.88 | $1.75 |
| Gross margin | 19.8% | 11.9% | 18.8% | 20.3% | 19.6% | 18.7% | 15.9% | 20.2% | 23.8% | 23.0% | 21.5% | 22.6% |
| Operating margin | 8.4% | −4.7% | 10.4% | 10.1% | 8.7% | 5.6% | 4.3% | 10.1% | 14.0% | 12.2% | 9.5% | 12.6% |
| Net margin | 4.9% | −5.1% | 4.8% | 4.7% | 4.8% | 1.7% | −0.2% | 7.3% | 10.2% | 8.4% | 10.4% | 9.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TEX's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TEX financial results
In fiscal year 2025 (ended December 31, 2025), Terex reported revenue of $5.4 billion, up 5.7% from the year before. It had net income of $221.0 million (down 34.0%), a net profit margin of 4.1%. Diluted earnings per share came to $4.94. Over five years revenue grew at an average rate of 12.0% a year.
See the TEX stock overview for the latest quote and news, or the TEX chart for price history and technical indicators.
TEX income statement FAQ
What is Terex's annual revenue?
Terex reported total revenue of $5.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 5.7% from $5.1 billion the previous year.
Is Terex profitable?
Yes. Terex reported net income of $221.0 million in fiscal 2025, a net profit margin of 4.1%; its operating margin was 8.8%.
What is Terex's gross margin?
Terex's gross margin was 19.4% in fiscal 2025: for every $100 of revenue, Terex kept $19 after the direct cost of its products and services.
How fast is Terex growing?
Revenue grew 12.0% a year on average over the last five fiscal years, from $3.1 billion to $5.4 billion.
What are Terex's earnings per share?
Terex earned $4.94 per diluted share in fiscal 2025, compared with $5.99 a year earlier.
When will Terex report its next earnings?
Terex is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Terex's fiscal year end?
Terex's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.