Terex Corp (TEX) financial statements: income statement, balance sheet and cash flow
Terex Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Terex Corp reported revenue of $5.4B (+5.7% year on year) and net income of $221.0M (-34.0% year on year).
Income statement
Terex Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$5.4B
$5.1B
$5.2B
$4.4B
Cost of goods sold
($4.4B)
($4.1B)
($4.0B)
($3.5B)
Gross profit
$1.1B
$1.1B
$1.2B
$871.2M
Selling, general and administrative expenses
($576.0M)
($542.0M)
($540.1M)
($451.2M)
Operating profit
$475.0M
$526.0M
$636.5M
$420.0M
Interest income
$12.0M
$13.0M
$7.6M
$2.8M
Interest expense
($177.0M)
($89.0M)
($63.3M)
($49.1M)
Other income (expense) – net
($18.0M)
($42.0M)
($1.1M)
($6.8M)
Income (loss) from continuing operations before income taxes
$292.0M
$408.0M
$579.7M
$366.6M
(Provision for) benefit from income taxes
($71.0M)
($73.0M)
($63.0M)
($66.4M)
Income (loss) from continuing operations
$221.0M
$335.0M
$516.7M
$300.2M
Gain (loss) on disposition of discontinued operations – net of tax
$0
$0
$1.3M
($200.0K)
Net income (loss)
$221.0M
$335.0M
$518.0M
$300.0M
Income (loss) from continuing operations (in dollars per share)
$3.36
$5.00
$7.65
$4.38
Net income (loss) (in dollars per share)
$3.36
$5.00
$7.67
$4.38
Income (loss) from continuing operations (in dollars per share)
$3.33
$4.96
$7.56
$4.32
Gain (loss) on disposition of discontinued operations – net of tax (in dollars per share)
$0.00
$0.00
$0.02
$0.00
Net income (loss) attributable to Terex Corporation (in dollars per share)
$3.33
$4.96
$7.58
$4.32
Basic (in shares)
65.8M
67.0M
67.5M
68.5M
Diluted (in shares)
66.3M
67.6M
68.3M
69.4M
Terex Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$2.2B
$1.7B
$1.4B
$1.5B
Cost of goods sold
($1.8B)
($1.5B)
($1.1B)
($1.2B)
Gross profit
$444.0M
$206.0M
$282.0M
$291.0M
Selling, general and administrative expenses
($209.0M)
($241.0M)
($142.0M)
($162.0M)
Amortization of purchased intangibles
($48.0M)
($47.0M)
—
—
Operating profit
$187.0M
($82.0M)
$140.0M
$129.0M
Interest income
$5.0M
$4.0M
$3.0M
$2.0M
Interest expense
($50.0M)
($47.0M)
($45.0M)
($44.0M)
Other (expense) income – net
($3.0M)
($1.0M)
($4.0M)
$2.0M
Income before income taxes
$139.0M
($126.0M)
$94.0M
$89.0M
(Provision for) benefit from income taxes
($29.0M)
$33.0M
($29.0M)
($17.0M)
Income from continuing operations
$110.0M
($93.0M)
—
—
(Loss)income from continuing operations (in dollars per share)
$0.97
-$0.97
—
—
Net (loss) Income (in dollars per share)
$0.97
-$0.93
$0.99
$1.10
(Loss) income from continuing operations (in dollars per share)
$0.96
-$0.97
—
—
Income from discontinued operations – net of tax
$0
—
—
—
Net (loss) income (in dollars per share)
$0.96
-$0.93
$0.98
$1.09
Basic (in shares)
113.6M
96.1M
65.6M
65.6M
Diluted (in shares)
114.2M
96.1M
66.2M
65.9M
Net income
$110.0M
($89.0M)
—
—
Other comprehensive income (loss)
$0
($12.0M)
—
—
Comprehensive income
$110.0M
($101.0M)
$57.0M
$146.0M
Balance sheet
Terex Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$772.0M
$388.0M
$370.7M
$304.1M
Receivables (net of allowance of $9 million at December 31, 2025 and 2024)
$712.0M
$643.0M
$547.8M
$547.5M
Inventories
$1.1B
$1.1B
$1.2B
$988.4M
Prepaid and other current assets
$132.0M
$142.0M
$140.7M
$122.0M
Total current assets
$2.7B
$2.3B
$2.2B
$2.0B
Property, plant and equipment – net
$760.0M
$714.0M
$569.8M
$465.6M
Goodwill
$1.1B
$1.1B
$294.6M
$284.4M
Intangible assets – net
$1.0B
$1.1B
$15.7M
$17.4M
Other assets
$536.0M
$496.0M
$490.2M
$388.7M
Total assets
$6.1B
$5.7B
$3.6B
$3.1B
Current portion of long-term debt
$6.0M
$4.0M
$2.8M
$1.9M
Trade accounts payable
$683.0M
$580.0M
$702.6M
$624.6M
Accrued compensation and benefits
$123.0M
$117.0M
$135.6M
$103.0M
Other current liabilities
$375.0M
$372.0M
$278.2M
$269.1M
Total current liabilities
$1.2B
$1.1B
$1.1B
$998.6M
Long-term debt, less current portion
$2.6B
$2.6B
$620.4M
$773.6M
Other non-current liabilities
$279.0M
$245.0M
$203.6M
$164.7M
Total liabilities
$4.0B
$3.9B
$1.9B
$1.9B
Common stock, $0.01 par value – authorized 300.0 shares; issued 85.5 and 85.1 shares at December 31, 2025 and 2024, respectively
1.0M
1.0M
900.0K
900.0K
Additional paid-in capital
$942.0M
$921.0M
$906.1M
$881.6M
Retained earnings
$2.1B
$2.0B
$1.7B
$1.2B
Accumulated other comprehensive income (loss)
($265.0M)
($382.0M)
($287.1M)
($341.6M)
Less cost of shares of common stock in treasury – 20.6 and 19.4 shares at December 31, 2025 and 2024, respectively
-722.0M
-672.0M
-622.4M
-560.3M
Total stockholders’ equity
$2.1B
$1.8B
$1.7B
$1.2B
Total liabilities and stockholders’ equity
$6.1B
$5.7B
$3.6B
$3.1B
Terex Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$407.0M
$392.0M
$509.0M
$374.0M
Receivables (net of allowance of $10 and $9 at June 30, 2026 and December 31, 2025, respectively)
$1.2B
$970.0M
$821.0M
$904.0M
Inventories
$1.7B
$1.7B
$1.2B
$1.3B
Prepaid and other current assets
$156.0M
$153.0M
$206.0M
$151.0M
Total current assets
$3.4B
$3.2B
$2.7B
$2.7B
Property, plant and equipment – net
$966.0M
$935.0M
$738.0M
$742.0M
Goodwill
$2.6B
$2.5B
$1.1B
$1.1B
Intangible assets – net
$2.9B
$3.0B
$1.0B
$1.1B
Long-term deferred tax asset
$157.0M
—
—
—
Other assets
$381.0M
$557.0M
$548.0M
$556.0M
Total assets
$10.3B
$10.2B
$6.2B
$6.2B
Current portion of long-term debt
$4.0M
$4.0M
$13.0M
$10.0M
Trade accounts payable
$1.0B
$931.0M
$696.0M
$766.0M
Accrued compensation and benefits
$165.0M
$168.0M
$127.0M
$120.0M
Short-term customer advances
$242.0M
$215.0M
—
—
Other current liabilities
$424.0M
$406.0M
$439.0M
$397.0M
Total current liabilities
$1.9B
$1.7B
$1.3B
$1.3B
Long-term debt, less current portion
$2.7B
$2.7B
$2.6B
$2.6B
Long-term customer advances
$187.0M
$198.0M
—
—
Long-term deferred tax liabilities
$396.0M
$398.0M
—
—
Other non-current liabilities
$296.0M
$301.0M
$294.0M
$311.0M
Total liabilities
$5.4B
$5.4B
$4.1B
$4.2B
Common stock, $0.01 par value – authorized 300.0 shares; issued 134.4 and 85.5 shares at June 30, 2026 and December 31, 2025, respectively
1.0M
1.0M
1.0M
1.0M
Additional paid-in capital
$3.8B
$3.8B
$934.0M
$927.0M
Retained earnings
$2.1B
$2.0B
$2.1B
$2.0B
Accumulated other comprehensive loss
($277.0M)
($277.0M)
($284.0M)
($276.0M)
Shares of common stock in treasury – 20.8 and 20.6 shares at June 30, 2026 and December 31, 2025
-737.0M
-734.0M
-721.0M
-722.0M
Total stockholders’ equity
$4.9B
$4.8B
$2.0B
$2.0B
Total liabilities and stockholders’ equity
$10.3B
$10.2B
$6.2B
$6.2B
Cash flow statement
Terex Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$221.0M
$335.0M
$518.0M
$300.0M
Depreciation and amortization
$158.0M
$82.0M
$56.4M
$47.2M
(Gain) loss on sale of business
($41.0M)
—
—
—
Deferred taxes
($3.0M)
($10.0M)
($38.1M)
—
Stock-based compensation expense
$32.0M
$30.0M
$43.6M
$30.3M
Inventory and other non-cash charges
$7.0M
$25.0M
$9.4M
$22.0M
Receivables
($46.0M)
$16.0M
$11.0M
($54.7M)
Inventories
$39.0M
$77.0M
($199.6M)
($206.1M)
Trade accounts payable
$118.0M
($241.0M)
$57.5M
$96.3M
Other assets and liabilities
($33.0M)
$15.0M
$2.3M
$37.5M
Foreign exchange and other operating activities, net
($12.0M)
($3.0M)
($1.2M)
($11.3M)
Net cash provided by (used in) operating activities
$440.0M
$326.0M
$459.3M
$261.2M
Capital expenditures
($118.0M)
($137.0M)
($127.2M)
($109.6M)
Proceeds from sale of capital assets
$3.0M
$1.0M
$33.6M
—
Acquisitions, net of cash acquired, and investments
$0
($2.0B)
($23.8M)
($50.1M)
Proceeds from sale of business
$109.0M
—
—
$0
Other investing activities, net
$38.0M
$10.0M
$3.0M
$5.6M
Net cash provided by (used in) investing activities
$32.0M
($2.1B)
($114.4M)
($154.1M)
Repayments of debt
($104.0M)
($222.0M)
($401.5M)
($224.4M)
Proceeds from issuance of debt
$97.0M
$2.2B
$242.8M
$320.9M
Payment of debt issuance costs
$0
$41.0M
—
—
Share repurchases
($56.0M)
($49.0M)
($62.8M)
($101.3M)
Dividends paid
($45.0M)
($46.0M)
($43.2M)
($35.6M)
Other financing activities, net
($15.0M)
($22.0M)
($23.1M)
($14.5M)
Net cash provided by (used in) financing activities
($123.0M)
$1.8B
($287.8M)
($54.9M)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
$35.0M
($19.0M)
$9.5M
($15.0M)
Net Increase (Decrease) in Cash and Cash Equivalents
$384.0M
$17.0M
$66.6M
$37.2M
Cash and Cash Equivalents at Beginning of Year
$388.0M
$371.0M
$304.1M
$266.9M
Cash and Cash Equivalents at End of Year
$772.0M
$388.0M
$370.7M
$304.1M
Terex Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$21.0M
($89.0M)
—
—
Depreciation and amortization
$163.0M
$77.0M
$120.0M
$79.0M
Deferred taxes
($39.0M)
($43.0M)
—
—
Stock-based compensation expense
$51.0M
$36.0M
$25.0M
$18.0M
Inventory and other non-cash charges
$95.0M
$110.0M
$20.0M
$0
Receivables
($264.0M)
($76.0M)
($163.0M)
($236.0M)
Inventories
($42.0M)
($29.0M)
($73.0M)
($59.0M)
Trade accounts payable
$157.0M
$64.0M
$140.0M
$184.0M
Other assets and liabilities
($46.0M)
($82.0M)
$9.0M
$0
Foreign exchange and other operating activities, net
$1.0M
$1.0M
($1.0M)
$2.0M
Net cash provided by operating activities
$97.0M
($31.0M)
$235.0M
$81.0M
Capital expenditures
($59.0M)
($26.0M)
($84.0M)
($60.0M)
Acquisitions, net of cash acquired, and investments
($467.0M)
($467.0M)
—
—
Other investing activities, net
$38.0M
$26.0M
$40.0M
$22.0M
Net cash used in investing activities
($488.0M)
($467.0M)
($44.0M)
($38.0M)
Repayments of debt
($168.0M)
($70.0M)
($92.0M)
($84.0M)
Proceeds from issuance of debt
$270.0M
$235.0M
$95.0M
$87.0M
Share repurchases
($3.0M)
$0
($55.0M)
($55.0M)
Dividends paid
($39.0M)
($19.0M)
($34.0M)
($22.0M)
Other financing activities, net
($30.0M)
($24.0M)
($12.0M)
($10.0M)
Net cash provided by (used in) financing activities
$30.0M
$122.0M
($98.0M)
($84.0M)
Effect of Exchange Rate Changes on Cash and Cash Equivalents