Short answer
TEREX CORP (TEX) filed its fiscal 2025 10-K annual report with the SEC on Feb 13, 2026. It reported revenue of $5.4B (+5.7% year over year) and net income of $221M.
- Top risk flagged: Regulatory/legal risk: Unrecognized tax benefits liability $20M with expected $5M reduction from audit settlement in 2026
FY2025 key financial metrics · XBRL
- Revenue
- $5.4B
- +5.7% YoY
- Net income
- $221M
- −34.0% YoY
- Operating margin
- 8.8%
- −1.5 pp YoY
- Gross margin
- 19.4%
- −1.4 pp YoY
- EPS (diluted)
- $3.33
- −32.9% YoY
- ROE
- 10.5%
- −7.7 pp YoY
- Operating cash flow
- $440M
- +35.0% YoY
Source: XBRL data from the TEREX CORP (TEX) FY2025 10-K on SEC EDGAR. USD.
TEREX CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: global industrial equipment manufacturer for materials processing, waste/recycling, MEWPs, and electric utility industries
- Emphasis on electric and hybrid products enabling emission-free and quiet operation, supporting renewable energy and waste recovery
- Reportable segments reorganized: Environmental Solutions now aggregates ESG and Utilities segments under ES
- Manufacturing footprint spans North America, Europe, and Asia Pacific with worldwide sales and global lifecycle support
- Continued strategic focus on portfolio management through acquisitions and divestitures of non-core businesses
Management Discussion & Analysis
- Revenue $5.42B, up 5.7% YoY, driven by ESG business acquisition, offset by lower Aerials and Materials Processing demand
- Operating margin 8.8% vs 10.3% in 2024, operating profit down $51M to $475M due to lower Aerials volume and tariffs
- Best segment: Environmental Solutions sales up 105.7% to $1.69B, operating profit up 185.4% to $234M; Worst segment: Aerials sales down 14.5% to $2.06B, operating profit down 62% to $103M
- Cash and equivalents $772M, total liquidity $1.57B, increased $384M YoY; capital allocation includes share repurchases, dividends, and capex (no exact $ given)
- Increased interest expense ($165M vs $76M) from debt issued for ESG acquisition; management expects adequate liquidity for 12 months; risks include tariffs and tax legislation changes
Risk Factors
- Regulatory/legal risk: Unrecognized tax benefits liability $20M with expected $5M reduction from audit settlement in 2026
- Geopolitical/macroeconomic threat: Global economic volatility from tariffs, trade wars, inflation, FX volatility, and high interest rates impacting cash generation
- Operational/supply chain vulnerability: $618M purchase obligations, mostly payable within 12 months, including cancellable and non-cancellable commitments
- Competitive/market disruption risk: Dependence on third-party finance companies for customer creditworthiness affecting equipment sales volume
- Financial/structural risk: Outstanding debt $2,552M with $707M future interest payments and $150M due within 12 months
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.