NYSE$TEX

Terex Corporation · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Terex reported Q4 2025 net sales of $1.3B with diluted EPS of $1.12 and completed its REV Group merger.

Fourth-quarter net sales were $1.3 billion, up 6% year over year, with diluted EPS of $1.12. Full-year net sales were $5.4 billion and diluted EPS was $4.93 as Environmental Solutions and Materials Processing margins improved. The company closed its merger with REV Group, creating a larger specialty vehicles platform with targeted synergies.

  • Q4 net sales $1.3B (+6% YoY); diluted EPS $1.12.
  • FY25 diluted EPS $4.93; free cash flow $325M.
  • REV merger closed; Specialty Vehicles segment formed.
  • Aerials strategic review attracted strong inbound interest.

Headline financials

Total Revenue

$1.3B

Previous: $1.24B+4.8%
EPS (adj)

$1.12

Previous: $0.77+45.5%
Operating Margin

10.4%

Previous: 4.3%+141.9%
Adjusted Operating Margin

9.3%

Previous: 7.8%+19.2%
Free Cash Flow Conversion

147.0%

Previous: 57.0%+157.9%
Q4 Bookings YOY Growth

32.0%

No prior period
Book-to-Bill Ratio

145.0%

No prior period
ES Operating Margin

13.8%

No prior period
ES Adjusted Operating Margin

18.5%

No prior period
MP Operating Margin

22.7%

Previous: 10.7%+112.1%
MP Adjusted Operating Margin

13.7%

Previous: 10.9%+25.7%
Aerials Operating Margin

2.1%

Previous: 0.2%+950.0%
Aerials Adjusted Operating Margin

2.6%

Previous: 0.6%+333.3%
Net Income

$63M

Previous: $97M-35.1%
Operating Income

$137M

Previous: $97M+41.2%
Gross Profit

$248M

Previous: $228M+8.8%

Revenue & EPS history

Terex · Revenue · Quarterly

$1.3B

Q4 2025+4.8%vs Q4 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Terex · $541M total across 1 segment · Q3 2023

  • Materials Processing
    $541M+18.1%

Forward guidance

The release discusses Terex's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Terex cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.3%

Avg return

Earnings day

-0.8%

Avg return

5 days after

-0.4%

Avg return

30 days after

40%

29 / 72 earnings

Positive

+26.7%

Q2 2012

Best reaction

-10.6%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%+3.3%-6.5%
Q4 2025+16.6%+16.8%+0.3%
Q3 2025-2.3%-19.3%-19.0%
Q1 2025+9.0%+7.0%+23.7%
Q4 2024-3.1%-5.0%-14.6%
Q3 2024-4.7%-5.6%+1.0%
Q2 2024-10.6%-17.7%-13.6%
Q1 2024-1.6%-6.9%+1.8%
Q4 2023-8.0%-13.9%-8.5%
Q3 2023-2.3%-0.1%+6.5%
Q2 2023+2.1%+1.7%+1.4%
Q1 2023+8.0%+4.1%+3.7%
Q4 2022+11.7%+10.0%+3.4%
Q3 2022+10.6%+5.8%+24.8%
Q2 2022+6.3%+9.5%+1.0%
Q1 2022+0.6%+6.1%+3.2%
Q4 2021-3.8%+0.1%-13.0%
Q3 2021+1.7%+1.7%-2.4%
Q2 2021+1.2%+3.6%+10.9%
Q1 2021+2.3%+7.8%+8.7%
Q4 2020+0.6%+2.5%+20.6%
Q3 2020-0.8%+4.5%+28.6%
Q2 2020-3.1%+0.7%+2.6%
Q1 2020-10.1%-12.4%+3.5%
Q4 2019-8.3%-7.9%-40.1%
Q3 2019-4.4%+3.3%-2.6%
Q2 2019-2.1%-14.0%-28.8%
Q1 2019-3.2%-1.9%-16.5%
Q4 2018+0.2%+7.1%-0.5%
Q3 2018-6.6%-5.1%-1.0%
Q2 2018-6.6%-5.0%-8.7%
Q1 2018+2.7%+6.8%+8.4%
Q4 2017-3.0%-5.1%-10.2%
Q3 2017-3.9%-1.1%+0.2%
Q2 2017-4.5%+0.2%-2.1%
Q1 2017-5.8%-5.2%-3.7%
Q4 2016-1.8%-5.2%-6.5%
Q3 2016-5.2%-4.1%+28.2%
Q2 2016-3.3%+1.5%+0.6%
Q1 2016-1.9%
Q4 2015+8.1%
Q3 2015-0.8%
Q2 2015+0.5%
Q1 2015-1.6%
Q4 2014+6.6%
Q3 2014-10.2%
Q2 2014-7.6%
Q1 2014-0.3%
Q4 2013-3.9%
Q3 2013+0.9%
Q2 2013-3.8%
Q1 2013+1.5%
Q4 2012-7.0%
Q3 2012-5.5%
Q2 2012+26.7%
Q1 2012+2.6%
Q4 2011-2.3%
Q3 2011-0.2%
Q2 2011-10.6%
Q1 2011+1.6%
Q4 2010-7.5%
Q3 2010+3.3%
Q2 2010+7.5%
Q1 2009+1.3%
Q1 2010+6.7%
Q4 2009-2.4%
Q4 2007-2.4%
Q3 2009-2.6%
Q3 2008-2.6%
Q2 2008+8.0%
Q2 2009+8.0%
Q4 2008+8.0%

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