Terex Corporation (TEX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.73B | 1.32B | 1.39B | 1.49B | 1.23B | 1.24B | 1.21B | 1.38B | 1.29B | 1.22B | 1.29B | 1.4B | 1.24B | 1.22B | 1.12B | 1.08B | 1B | 990.1M | 993.8M | 1.04B |
| Revenue Growth % | 41.09% | 6.2% | 14.44% | 7.62% | -4.88% | 1.47% | -6.05% | -1.53% | 4.56% | 0.44% | 15.13% | 30.27% | 23.26% | 22.98% | 12.75% | 3.7% | 16% | 25.85% | 29.81% | 50.43% |
| Cost of Goods Sold | 1.53B | 1.07B | 1.1B | 1.2B | 999M | 1.04B | 967M | 1.05B | 995M | 960M | 998M | 1.06B | 957M | 982.2M | 883.4M | 864.2M | 816.7M | 818.2M | 815.3M | 807.1M |
| COGS % of Revenue | 88.12% | 81.18% | 79.67% | 80.36% | 81.29% | 84.13% | 79.79% | 76.23% | 77.01% | 78.5% | 77.36% | 75.56% | 77.45% | 80.67% | 78.84% | 80.23% | 81.47% | 82.64% | 82.04% | 77.7% |
| Gross Profit | 206M | 248M | 282M | 292M | 230M | 197M | 245M | 328.4M | 297M | 263M | 292M | 342.9M | 278.7M | 235.4M | 237.1M | 212.9M | 185.8M | 171.9M | 178.5M | 231.6M |
| Gross Margin % | 11.88% | 18.82% | 20.33% | 19.64% | 18.71% | 15.87% | 20.21% | 23.77% | 22.99% | 21.5% | 22.64% | 24.44% | 22.55% | 19.33% | 21.16% | 19.77% | 18.53% | 17.36% | 17.96% | 22.3% |
| Gross Profit Growth % | -10.43% | 25.89% | 15.1% | -11.08% | -22.56% | -25.1% | -16.1% | -4.23% | 6.57% | 11.72% | 23.15% | 61.06% | 50% | 36.94% | 32.83% | -8.07% | 5.93% | 15.21% | 22.01% | 116.25% |
| Operating Expenses | 241M | 111M | 142M | 162M | 161M | 144M | 123M | 135.3M | 139M | 147M | 129M | 133M | 131M | 114.6M | 116.3M | 109M | 111.3M | 102.1M | 104.3M | 109.1M |
| OpEx % of Revenue | 13.9% | 8.42% | 10.24% | 10.89% | 13.1% | 11.6% | 10.15% | 9.79% | 10.76% | 12.02% | 10% | 9.48% | 10.6% | 9.41% | 10.38% | 10.12% | 11.1% | 10.31% | 10.5% | 10.5% |
| Selling, General & Admin | 241M | 111M | 142M | 162M | 161M | 119M | 124M | 136.5M | 139M | 121M | 130M | 134.3M | 132.3M | 57.4M | 116.4M | 109.1M | 111.3M | 44.7M | 104.5M | 109.2M |
| SG&A % of Revenue | 13.9% | 8.42% | 10.24% | 10.89% | 13.1% | 9.59% | 10.23% | 9.88% | 10.76% | 9.89% | 10.08% | 9.57% | 10.71% | 4.71% | 10.39% | 10.13% | 11.1% | 4.51% | 10.52% | 10.51% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 25M | 0 | 0 | 0 | 28M | 0 | 0 | 0 | 55.8M | 0 | 0 | 0 | 52.2M | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | 2.01% | - | - | - | 2.29% | - | - | - | 4.58% | - | - | - | 5.27% | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | 0 | -1000K | -1000K | -1000K | -1000K | 1000K | -100K | -100K | 0 | 1000K | -200K | -100K |
| Operating Income | -82M | 137M | 140M | 130M | 69M | 53M | 122M | 193.1M | 158M | 116M | 163M | 209.9M | 147.7M | 120.8M | 120.8M | 103.9M | 74.5M | 69.8M | 74.2M | 122.5M |
| Operating Margin % | -4.73% | 10.39% | 10.09% | 8.74% | 5.61% | 4.27% | 10.07% | 13.98% | 12.23% | 9.48% | 12.64% | 14.96% | 11.95% | 9.92% | 10.78% | 9.65% | 7.43% | 7.05% | 7.47% | 11.79% |
| Operating Income Growth % | -218.84% | 158.49% | 14.75% | -32.68% | -56.33% | -54.31% | -25.15% | -8% | 6.97% | -3.97% | 34.93% | 102.02% | 98.26% | 73.07% | 62.8% | -15.18% | 21.14% | 120.89% | 103.29% | 1555.41% |
| EBITDA | -82M | 175M | 181M | 170M | 108M | 90M | 137M | 208.2M | 172.9M | 135.1M | 175.1M | 222.7M | 159.8M | 132.9M | 132.4M | 115.7M | 86.2M | 82.1M | 86.8M | 135M |
| EBITDA Margin % | -4.73% | 13.28% | 13.05% | 11.43% | 8.79% | 7.25% | 11.3% | 15.07% | 13.38% | 11.05% | 13.57% | 15.87% | 12.93% | 10.91% | 11.82% | 10.74% | 8.6% | 8.29% | 8.73% | 13% |
| EBITDA Growth % | -175.93% | 94.44% | 32.12% | -18.35% | -37.54% | -33.38% | -21.76% | -6.51% | 8.2% | 1.66% | 32.25% | 92.48% | 85.38% | 61.88% | 52.53% | -14.3% | 16.02% | 82.44% | 76.42% | 603.13% |
| D&A (Non-Cash Add-back) | 0 | 38M | 41M | 40M | 39M | 37M | 15M | 15.1M | 14.9M | 19.1M | 12.1M | 12.8M | 12.1M | 12.1M | 11.6M | 11.8M | 11.7M | 12.3M | 12.6M | 12.5M |
| EBIT | 0 | 137M | 140M | 135M | 69M | 43M | 112M | 189.7M | 151.5M | 121.7M | 166M | 207.2M | 148.1M | 119.1M | 120.9M | 101M | 74.8M | 79.2M | 73.7M | 99.7M |
| Net Interest Income | 0 | 138M | -44M | -44M | -41M | -41M | -10M | -13.6M | -11.4M | -13.6M | -15M | -14.3M | -12.9M | -12.6M | -12.4M | -11.4M | -10M | -10.1M | -11.7M | -11.4M |
| Interest Income | 4M | 5M | 3M | 2M | 2M | 4M | 3M | 2M | 3.6M | 2.4M | 2M | 1.1M | 2M | 700K | 1.1M | 400K | 600K | 800K | 600K | 1.6M |
| Interest Expense | -47M | -133M | 47M | 46M | 43M | 45M | 13M | 15.6M | 15M | 16M | 17M | 15.4M | 14.9M | 13.3M | 13.5M | 11.8M | 10.6M | 10.9M | 12.3M | 13M |
| Other Income/Expense | -44M | -54M | -46M | -41M | -43M | -55M | -23M | -19M | -21M | -10M | -14M | -18.1M | -14.5M | -15M | -13.4M | -14.7M | -10.3M | -1.5M | -12.8M | -35.8M |
| Pretax Income | -126M | 83M | 94M | 89M | 26M | -2M | 99M | 174.1M | 137M | 106M | 149M | 191.8M | 133.2M | 105.8M | 107.4M | 89.2M | 64.2M | 68.3M | 61.4M | 86.7M |
| Pretax Margin % | -7.27% | 6.3% | 6.78% | 5.99% | 2.12% | -0.16% | 8.17% | 12.6% | 10.6% | 8.67% | 11.55% | 13.67% | 10.78% | 8.69% | 9.59% | 8.28% | 6.4% | 6.9% | 6.18% | 8.35% |
| Income Tax | 33M | 20M | 29M | 17M | 5M | 0 | 11M | 33.4M | 28M | -22M | 29.8M | 32M | 23.3M | 13.8M | 25.6M | 15.1M | 11.9M | 10.3M | 13.9M | 14.4M |
| Effective Tax Rate % | -26.19% | 24.1% | 30.85% | 19.1% | 19.23% | 0% | 11.11% | 19.18% | 20.44% | -20.75% | 20% | 16.68% | 17.49% | 13.04% | 23.84% | 16.93% | 18.54% | 15.08% | 22.64% | 16.61% |
| Net Income | -89M | 63M | 65M | 72M | 21M | -2M | 88M | 140.7M | 109M | 127M | 119M | 159.4M | 112.6M | 92.2M | 81.8M | 74.1M | 51.9M | 58.8M | 48.1M | 73.9M |
| Net Margin % | -5.13% | 4.78% | 4.69% | 4.84% | 1.71% | -0.16% | 7.26% | 10.18% | 8.44% | 10.38% | 9.22% | 11.36% | 9.11% | 7.57% | 7.3% | 6.88% | 5.18% | 5.94% | 4.84% | 7.11% |
| Net Income Growth % | -523.81% | 3250% | -26.14% | -48.83% | -80.73% | -101.57% | -26.05% | -11.73% | -3.2% | 37.74% | 45.48% | 115.11% | 116.96% | 56.8% | 70.06% | 0.27% | 29.43% | 232.2% | 729.31% | 903.26% |
| Net Income (Continuing) | -89M | 63M | 65M | 72M | 21M | -2M | 88M | 140.7M | 109M | 128M | 119.3M | 159.8M | 109.9M | 92M | 81.8M | 74.1M | 52.3M | 58M | 47.5M | 72.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -300K | -400K | 1000K | 200K | 0 | 0 | -400K | 800K | 600K | 1000K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 96.10 | 0.95 | 0.99 | 1.09 | 0.31 | -0.03 | 1.31 | 2.08 | 1.60 | 1.87 | 1.75 | 2.35 | 1.60 | 1.34 | 1.20 | 1.07 | 0.74 | 0.82 | 0.67 | 1.02 |
| EPS Growth % | 30900% | 3266.67% | -24.43% | -47.6% | -80.63% | -101.6% | -25.14% | -11.49% | 0% | 39.55% | 45.83% | 119.63% | 116.22% | 63.41% | 79.1% | 4.9% | 32.14% | 290.48% | 116.13% | 2140% |
| EPS (Basic) | 96.10 | 0.96 | 0.99 | 1.10 | 0.32 | -0.03 | 1.32 | 2.09 | 1.62 | 1.90 | 1.77 | 2.36 | 1.62 | 1.36 | 1.21 | 1.08 | 0.75 | 0.83 | 0.68 | 1.04 |
| Diluted Shares Outstanding | 0 | 66.3M | 65.9M | 65.9M | 67.6M | 67.4M | 67.4M | 67.7M | 67.9M | 68.1M | 68.2M | 68.1M | 68.8M | 68.6M | 68.4M | 69.3M | 70.9M | 70.9M | 70.9M | 70.9M |
| Basic Shares Outstanding | 0 | 65.6M | 65.6M | 65.6M | 66.9M | 66.7M | 66.9M | 67.2M | 67M | 67.2M | 67.4M | 67.6M | 67.7M | 67.5M | 67.8M | 68.9M | 69.8M | 69.8M | 69.8M | 69.8M |
| Dividend Payout Ratio | - | 17.46% | 18.46% | 15.28% | 52.38% | - | 12.5% | 8.53% | 10.46% | 8.98% | 9.83% | 6.34% | 9.06% | 9.54% | 10.76% | 12.01% | 17.53% | 14.29% | 17.46% | 11.37% |