NYSE$TX
Ternium SA-ADR · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Ternium reported solid Q2 2025 results with sequential improvement in margins and strong cash generation despite softer steel volumes in some markets.
Ternium delivered $3.95 billion in revenue and $259 million in net income for Q2 2025, supported by higher realized steel prices, strong cash generation, and stable mining operations.
- Revenue totaled $3.95 billion, relatively flat sequentially but down 13% YoY
- Adjusted EBITDA rose to $403 million with a 10% margin
- Free cash flow generation was strong at $190 million, driven by $1.0 billion in operating cash flow
- Steel shipments were down sequentially due to softer demand in Mexico and the U.S.
Headline financials
Revenue & EPS history
Ternium · Revenue · Quarterly
$3.95B
Revenue by segment
Ternium · $3.93B total across 2 segments · Q1 2026
- Steel$3.81B—97.0%
- Mining$120M—3.0%
Forward guidance
Ternium expects continued EBITDA improvement in Q3 2025, driven by cost optimization and a partial recovery in Mexican shipments, though global trade tensions and import pressures pose ongoing risks.
Tailwinds
- Adjusted EBITDA expected to improve in Q3 2025
- Cost management initiatives underway to enhance margins
- Steel shipments expected to increase in Mexico
- Southern Region remains stable after Q2 rebound
- Strong cash flow provides flexibility for investments
Headwinds
- Ongoing U.S.–Mexico trade tensions affecting steel demand
- Steel prices declined YoY across all regions
- High imports continue to pressure Brazil’s steel market
- Cash operating income in Mining segment declined YoY
- Net cash position down $268 million from Q1
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 Q2 2025
+1.4%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-1.3%
Avg return
30 days after
55%
35 / 64 earnings
Positive
+11.9%
Q3 2022
Best reaction
-15.6%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.1% | -6.6% | -0.9% | |
| Q4 2025 | +0.9% | +0.2% | -13.3% | |
| Q3 2025 | -6.0% | -3.8% | -2.4% | |
| Q2 2025 | +3.8% | -2.8% | +5.0% | |
| Q1 2025 | -2.3% | +0.4% | -7.3% | |
| Q4 2024 | -4.0% | -5.3% | +0.8% | |
| Q3 2024 | +6.3% | -5.4% | -13.4% | |
| Q2 2024 | -3.4% | -8.0% | -5.5% | |
| Q1 2024 | +0.1% | +1.1% | +1.5% | |
| Q4 2023 | +8.0% | +5.8% | +9.1% | |
| Q3 2023 | -3.5% | -2.9% | +4.8% | |
| Q2 2023 | -8.4% | -7.9% | -6.4% | |
| Q1 2023 | +1.3% | +4.1% | -8.0% | |
| Q4 2022 | +8.2% | +7.9% | +5.7% | |
| Q3 2022 | +11.9% | +10.3% | +14.2% | |
| Q2 2022 | -2.6% | -1.2% | -15.4% | |
| Q1 2022 | +3.7% | +2.6% | +6.6% | |
| Q4 2021 | -9.4% | -12.6% | -0.4% | |
| Q3 2021 | -15.6% | -17.8% | -14.7% | |
| Q2 2021 | +4.6% | +5.7% | +10.4% | |
| Q1 2021 | -1.7% | -4.8% | -10.0% | |
| Q4 2020 | +3.4% | -2.8% | +14.0% | |
| Q3 2020 | +0.5% | +9.3% | +44.6% | |
| Q2 2020 | +7.7% | +11.6% | +24.0% | |
| Q1 2020 | +5.7% | -8.9% | +11.3% | |
| Q4 2019 | -4.9% | -3.6% | -49.0% | |
| Q3 2019 | +5.1% | +5.3% | +10.7% | |
| Q2 2019 | -5.7% | -6.5% | -21.8% | |
| Q1 2019 | +7.8% | +7.8% | +0.5% | |
| Q4 2018 | -5.8% | -2.7% | -10.4% | |
| Q3 2018 | +9.7% | +11.4% | -0.1% | |
| Q2 2018 | -0.5% | -2.0% | -23.8% | |
| Q1 2018 | +11.3% | +4.6% | -0.5% | |
| Q4 2017 | -0.3% | +0.0% | -13.1% | |
| Q3 2017 | -5.5% | -7.4% | -9.8% | |
| Q2 2017 | -1.2% | -2.6% | -0.6% | |
| Q1 2017 | -1.8% | -0.8% | +1.3% | |
| Q4 2016 | +10.7% | +8.7% | +11.0% | |
| Q3 2016 | +9.8% | +14.1% | +6.9% | |
| Q2 2016 | +9.6% | +7.9% | -6.1% | |
| Q1 2016 | +6.0% | — | — | |
| Q4 2015 | +9.6% | — | — | |
| Q3 2015 | +11.9% | — | — | |
| Q1 2015 | -2.3% | — | — | |
| Q4 2014 | -0.3% | — | — | |
| Q3 2014 | -9.6% | — | — | |
| Q2 2014 | -6.6% | — | — | |
| Q4 2013 | -3.2% | — | — | |
| Q1 2014 | -3.2% | — | — | |
| Q3 2013 | +3.8% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q4 2012 | +9.9% | — | — | |
| Q1 2013 | -2.9% | — | — | |
| Q3 2012 | +0.2% | — | — | |
| Q2 2012 | -7.4% | — | — | |
| Q4 2011 | +9.6% | — | — | |
| Q1 2012 | +3.9% | — | — | |
| Q3 2011 | +5.5% | — | — | |
| Q2 2011 | +3.3% | — | — | |
| Q4 2010 | +4.8% | — | — | |
| Q1 2011 | +4.5% | — | — | |
| Q3 2010 | +6.5% | — | — | |
| Q2 2010 | -1.3% | — | — | |
| Q1 2010 | +0.7% | — | — |
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