Terex Corporation
- Open
- 64.18
- Day high
- 64.75
- Day low
- 62.95
- Prev close
- 63.73
- Volume
- 959K
- Mkt cap
- $7.3B
- P/E (TTM)
- 31.9
- EPS (TTM)
- $1.99
- P/B
- 1.5
- P/S
- 1.1
- Yield
- 0.80%
- Per share
- $0.51
- ▼Insiders net selling -$143K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Terex Corporation (TEX) is a Industrials company listed on NYSE. The stock is up 27% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Terex Corporation (TEX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TEX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $1.23 | $1.37 | +11.4% | $2.2B | +4.6% |
| May 1, 2026 | $0.78 | $0.98 | +25.6% | $1.7B | +2.0% |
| Feb 11, 2026 | $1.12 | $1.12 | +0.0% | $1.3B | +4.4% |
| Oct 30, 2025 | $1.22 | $1.50 | +23.0% | $1.4B | +6.8% |
| Jul 31, 2025 | $1.44 | $1.49 | +3.5% | $1.5B | +5.1% |
| May 2, 2025 | $0.49 | $0.83 | +69.4% | $1.2B | -14.8% |
| Feb 6, 2025 | $0.76 | $0.77 | +1.3% | $1.2B | +0.9% |
| Oct 30, 2024 | $1.31 | $1.31 | +0.0% | $1.2B | -1.6% |
| Apr 25, 2024 | $1.40 | $1.60 | +14.6% | $1.3B | -9.0% |
| Feb 8, 2024 | $1.43 | $1.41 | -1.5% | $1.2B | -4.1% |
| Oct 26, 2023 | $1.73 | $1.75 | +1.0% | $1.3B | +1.7% |
| Aug 1, 2023 | $1.66 | $2.34 | +40.9% | $1.4B | +10.7% |
TEX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 7, 2026 | CARROLL PATRICK Sofficer: Pres., Environmental Solutions | Grant | 36 | $66.40 |
| Aug 7, 2026 | KONG-PICARELLO JENNIFERofficer: Senior Vice President, CFO | Grant | 20 | $66.40 |
| Jul 13, 2026 | KONG-PICARELLO JENNIFERofficer: Senior Vice President, CFO | Grant | 20 | $66.57 |
| Jul 13, 2026 | CARROLL PATRICK Sofficer: Pres., Environmental Solutions | Grant | 36 | $66.57 |
| Jul 13, 2026 | Jindal Namitaofficer: SVP CHIEF DIGITAL & AI OFFICER | Grant | 261 | $67.92 |
| Jun 30, 2026 | CHOLMONDELEY PAULA Hother: Director Emeritus | Grant | 1,128 | $71.81 |
| Jun 30, 2026 | DAUCH DAVID Cdirector | Grant | 1,467 | $71.81 |
| Jun 30, 2026 | OCONNELL MAUREENdirector | Grant | 1,880 | $71.81 |
| Jun 30, 2026 | Padmanabhan Srikanthdirector | Grant | 3,760 | $71.81 |
| Jun 30, 2026 | Steele Kathleen M.director | Grant | 3,760 | $71.81 |
| Jun 30, 2026 | Salami Oluseundirector | Grant | 3,760 | $71.81 |
| Jun 30, 2026 | O'CONNOR SANDRAdirector | Grant | 3,760 | $71.81 |
| Jun 30, 2026 | SACHS DAVID Adirector | Grant | 3,760 | $71.81 |
| Jun 25, 2026 | JOHNSTON STEPHENofficer: Former VP CAO and Controller | Sell | 375 | $69.90 |
| Jun 25, 2026 | JOHNSTON STEPHENofficer: Former VP CAO and Controller | Sell | 1,327 | $69.92 |
Source: TEX SEC Form 4 filings, latest Aug 7, 2026. For informational purposes only — not investment advice.
See the full TEX insider & 13F page →Terex Corporation company profile
Overview
Terex Corporation (NYSE:TEX) is a Connecticut-based industrial equipment manufacturer founded in 1986 that has grown into a global leader in aerial work platforms and materials processing machinery. The company operates through two primary segments serving construction, infrastructure, mining, and waste management industries worldwide. Following decades of strategic acquisitions and portfolio optimization, Terex has positioned itself as a key supplier of specialized equipment for infrastructure development, utility maintenance, and materials handling applications across diverse end markets.
Business
Terex Corporation operates in the industrial machinery sector, manufacturing and selling specialized equipment through two main business segments that serve distinct but complementary markets. The Aerial Work Platforms (AWP) segment generates approximately 60% of total revenue and manufactures equipment designed to lift workers and materials to elevated work areas. This division produces scissor lifts, boom lifts, telehandlers, and utility equipment under the well-known Genie and Terex brands. These machines are essential for construction projects, building maintenance, utility line work, telecommunications infrastructure, and tree care operations. The products range from small portable lifts for indoor use to large self-propelled boom lifts capable of reaching heights over 100 feet for major construction and industrial applications. The Materials Processing (MP) segment accounts for roughly 35% of revenue and manufactures heavy machinery for crushing, screening, washing, and processing various materials. This includes crushers that break down rock and concrete, screening equipment that separates materials by size, washing systems for cleaning aggregates, and material handlers for moving bulk materials. These products serve quarrying operations, mining sites, construction projects, and recycling facilities under multiple brand names including Powerscreen, Fuchs, Finlay, and Cedarapids. The newest addition is the Environmental Solutions Group (ESG), acquired in 2024, which contributes approximately 5% of revenue. This segment focuses on waste and recycling equipment, including refuse collection vehicles, recycling systems, and biomass processing equipment. The ESG acquisition expanded Terex's presence in the growing waste management and environmental services markets, aligning with increasing emphasis on sustainability and circular economy principles.
Revenue model
Terex generates revenue primarily through direct sales of manufactured equipment to customers including construction contractors, rental companies, utility operators, mining companies, and waste management firms. The company operates a traditional manufacturing business model where it designs, produces, and sells capital equipment with typical selling prices ranging from tens of thousands to several hundred thousand dollars per unit. The AWP segment sells primarily to equipment rental companies, which represent the largest customer category. These rental firms purchase aerial work platforms and then rent them to end users for specific projects. The MP segment serves a more diverse customer base including quarry operators, construction companies, and mining operations that typically purchase equipment for their own use rather than rental purposes. Beyond equipment sales, Terex maintains a growing aftermarket business providing replacement parts, service, and support throughout the equipment lifecycle. This recurring revenue stream typically carries higher margins than new equipment sales and provides more stable cash flows. The company also offers financing solutions to assist customers with equipment purchases and leases. Several factors influence Terex's profitability margins. Commodity price fluctuations affect both input costs for steel and hydraulic components as well as end market demand, particularly in mining and quarrying applications. Labor costs and supply chain disruptions can pressure margins, while the company's ability to implement pricing increases helps offset inflationary pressures. Economic cycles significantly impact demand, as construction and infrastructure spending drives equipment purchases. Additionally, the shift toward electrification and environmental regulations creates both opportunities for premium products and costs for research and development investments.
Competitive moat
Terex operates in a competitive industrial equipment market with several established players, suggesting a relatively narrow economic moat. The company's competitive advantages center around its strong brand recognition, particularly the Genie brand in aerial work platforms, which enjoys significant market share and customer loyalty in North America. The extensive dealer network and service infrastructure provide some competitive protection, as customers value reliable parts availability and service support for expensive capital equipment. However, these advantages face meaningful challenges. The industrial equipment sector includes large, well-capitalized competitors such as Caterpillar, JLG (owned by Oshkosh), and various international manufacturers. Product differentiation is limited in many equipment categories, leading to price-based competition. The cyclical nature of construction and infrastructure spending creates volatile demand patterns that pressure all industry participants. Terex's recent strategic moves, including the ESG acquisition and focus on electrification, represent attempts to strengthen its competitive position by entering higher-growth, less commoditized market segments. The waste and recycling equipment market offers better growth prospects and potentially more stable demand than traditional construction equipment. Similarly, the company's investments in electric and hybrid products position it for regulatory-driven market shifts, though this advantage may prove temporary as competitors develop similar offerings. The company's global manufacturing footprint, including facilities in Mexico and other lower-cost locations, provides some cost advantages, but these can be replicated by competitors over time. Overall, while Terex maintains a solid market position in its core segments, the competitive landscape suggests limited pricing power and ongoing pressure to innovate and optimize operations.
Risks & safety
Terex presents a moderate margin of safety profile with manageable financial risks but some cyclical vulnerabilities. 1. **Liquidity and Solvency**: Strong current ratio of 2.11x and $298 million in cash provide adequate short-term liquidity. Debt-to-equity ratio of 1.40x is elevated but manageable for an industrial company. Free cash flow turned negative at -$57 million in Q1 2025, primarily due to seasonal working capital needs. 2. **Valuation Metrics**: Trading at 30.1x trailing earnings appears expensive, though this reflects temporarily depressed earnings. EV/EBITDA of 11.1x is reasonable for current market conditions. Price-to-book ratio of 1.37x suggests modest valuation relative to assets. 3. **Operational Considerations**: The company maintains strong backlog levels providing near-term revenue visibility. Diversified end markets including waste management, infrastructure, and utilities offer some cyclical protection. However, exposure to construction cycles and potential tariff impacts create earnings volatility risks. 4. **Strategic Position**: Recent ESG acquisition adds growth potential but increases integration risks. Management's expectation of $300-350 million annual free cash flow provides confidence in cash generation capabilities during normal operating conditions.
Recent development
Over the past several years, Terex has executed a focused strategy centered on portfolio optimization, operational efficiency, and strategic growth initiatives. The most significant recent development was the 2024 acquisition of Environmental Solutions Group (ESG), which expanded the company's presence in waste and recycling equipment markets. This $2.2 billion acquisition added approximately $1.6 billion in annual revenue and positioned Terex in the growing environmental services sector, with management targeting over $25 million in operational synergies by 2026. The company has pursued aggressive product innovation, with over 20% of current sales coming from products introduced within the past three years. Key innovations include the development of electric and hybrid equipment options, with 60% of Materials Processing products and 70% of Genie products now offering electric alternatives. Notable product launches include the first all-electric utility bucket truck and hydraulic-oil-free scissor lifts, reflecting the industry's shift toward sustainability and reduced environmental impact. Terex has also invested in manufacturing optimization, developing a new facility in Monterrey, Mexico to improve cost competitiveness and diversify its production footprint. This facility is expected to contribute approximately 200 basis points of margin improvement to the Genie business when fully operational. The company has maintained its "execute, innovate, and grow" strategic framework, focusing on operational excellence while investing in next-generation technologies and expanding into adjacent markets through targeted acquisitions and partnerships.
TEX company profile · for informational purposes only — not investment advice.
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