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Earnings transcript
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TEX
Terex Corporation
$63.67
0.97
(1.55%)
| Exchange: | NYSE |
| Market Cap: | 4.664B |
| Shares Outstanding: | 17.31M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Agricultural – Machinery | |||||
| CEO: | Simon A. Meester | |||||
| Full Time Employees: | 11400 | |||||
| Address: |
| |||||
| Website: | https://www.terex.com |
Operating globally, Terex Corporation specializes in the production and distribution of aerial work platforms and a diverse range of materials processing equipment. Its operations are structured into two primary divisions: Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment is responsible for the design, manufacturing, servicing, and marketing of access equipment, utility machinery, and telehandlers, primarily under the well-known Terex and Genie brands. This range encompasses items such as portable material and aerial lifts, articulating and telescopic booms (both trailer-mounted and self-propelled), scissor lifts, utility vehicles, and telehandlers. Additionally, it supplies essential components and spare parts. These products serve a broad spectrum of uses, including construction and upkeep of industrial, commercial, institutional, and residential structures, maintaining utility and telecommunication infrastructure, supporting construction and foundation drilling, general commercial activities, tree maintenance, and various infrastructure developments. The MP segment offers an extensive portfolio of materials processing and specialized machinery, distributed under numerous brands and business lines, including Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems. Its offerings include crushers, screening and washing systems, trommels, apron feeders, material handlers, a variety of cranes (pick and carry, rough terrain, tower), equipment for wood processing, biomass, and recycling, concrete mixer trucks, concrete pavers, and conveyors, along with necessary components and spare parts. These machines are crucial for diverse applications such as construction, infrastructure development, and recycling initiatives, as well as quarrying, mining, and general material handling. They also play a vital role in maintenance for lifting equipment or materials, landscaping, and the biomass production sectors. To support its clientele, Terex Corporation provides financing options facilitating the rental, leasing, and purchase of its equipment. Established in 1986, Terex Corporation maintains its headquarters in Norwalk, Connecticut.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 5,152,000 | 5,127,000 | 5,421,000 |
| Gross Profit | 1,177,000 | 1,068,000 | 1,051,000 |
| EBITDA | 699,000 | 579,000 | 633,000 |
| Operating Income | 637,000 | 526,000 | 475,000 |
| Net Income | 518,000 | 335,000 | 221,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,615,500 | 5,730,000 | 6,139,000 |
| Total Liabilities | 1,943,200 | 3,898,000 | 4,044,000 |
| Total Stockholders Equity | 1,672,300 | 1,832,000 | 2,095,000 |
| Total Debt | 623,200 | 2,584,000 | 2,584,000 |
| Cash and Cash Equivalents | 370,700 | 388,000 | 772,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 459,300 | 326,000 | 440,000 |
| Capital Expenditure | -127,200 | -137,000 | -118,000 |
| Free Cash Flow | 332,100 | 189,000 | 322,000 |
| Net Income | 518,000 | 335,000 | 221,000 |
| Net Change in Cash | 66,600 | 17,000 | 384,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 8,981,939.770 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 8,984,745.563 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 8,983,342.667 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,283,070.310 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,283,471.118 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,283,270.714 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 346,304.795 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 508,544.875 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 427,424.835 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 903,079.004 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 903,361.109 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 903,220.057 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 6.630 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 7.670 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 5.220 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 5 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: Terex reported a robust Q2 2025 EPS of $1.49 on sales of $1.5 billion, indicating strong profitability and revenue generation. This performance underscores operational efficiency and effective cost management, as highlighted in the earnings call transcript.
- Positive Free Cash Flow: The company demonstrates healthy free cash flow yield (as per Key Metrics TTM), reflecting its ability to generate cash after capital expenditures. This provides financial flexibility for reinvestment or debt reduction.
- Strategic Acquisitions: Insights from the earnings call suggest that recent acquisitions are yielding synergies, enhancing operational capabilities and positioning Terex for sustained growth within its sector.
- Industry Positioning: Terex operates in a competitive industry (as per Industry and Sector data), and its performance metrics (e.g., perf1y, perf5y) indicate it is keeping pace with or outperforming industry averages, particularly in short-term gains.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates TEX intrinsic value between $29.04 – $41.14 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about TEX valuation
Is Terex Corporation (TEX) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Terex Corporation (TEX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is TEX a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TEX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is TEX’s P/E ratio?
You can see TEX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for TEX?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is TEX a good long-term investment?
Whether TEX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
TEX
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Daily snapshot
1.55
Trading Metrics:
| Open: | 63.75 | Previous Close: | 62.7 | |
| Day Low: | 62.21 | Day High: | 65.95 | |
| Year Low: | 41.7 | Year High: | 71.5 | |
| Price Avg 50: | 60.75 | Price Avg 200: | 56.63 | |
| Volume: | 1.48M | Average Volume: | 1.273M |
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Login — it's freeTEX full analysis
Welcome to MARKETSNAP’s SWOT analysis for Terex Corporation, a key player in the industrial machinery space. If you’re not super familiar with Terex, let me give you the quick rundown: they’re a global manufacturer of lifting and material processing equipment, operating in the construction and infrastructure sector. Think cranes, aerial work platforms, and other heavy-duty gear that keeps big projects moving. With a solid footprint across multiple regions and a workforce of thousands, Terex is a name that’s been around…
