NYSE$TX
Ternium SA-ADR · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Ternium reported lower fourth quarter 2025 results with sequentially stable EBITDA and net income supported by deferred tax gains, while maintaining a solid net cash position.
Ternium generated fourth quarter 2025 net sales of 3775000000 and net income of 171000000, with Adjusted EBITDA of 395000000 and strong operating cash flow of 528000000, while continuing heavy capital investment.
- Q4 net sales were 3775000000, reflecting lower realized steel prices.
- Adjusted EBITDA reached 395000000 with a 10.5% margin.
- Net income was 171000000, including a 94000000 deferred tax gain.
- Net cash position stood at 712000000 after 463000000 in capital expenditures.
Headline financials
Revenue & EPS history
Ternium · Revenue · Quarterly
$3.78B
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 Adjusted EBITDA and margins to improve sequentially in the first quarter of 2026, supported by higher shipments in Mexico and improved revenue per ton, partially offset by higher unit costs.
Tailwinds
- Adjusted EBITDA expected to increase in Q1 2026.
- Shipments anticipated to rise, mainly in Mexico.
- Adjusted EBITDA margin projected to improve.
- Government trade measures supporting local steel markets.
- Improving demand in Argentina and commercial markets.
Headwinds
- Higher costs per ton expected.
- Exposure to tariff negotiations with the United States.
- Uncertainty in automotive production and EV adjustments.
- Risk of unfairly traded imports impacting local markets.
- Ongoing global steel price volatility.
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
+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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