Ternium S.A. (TX) 10-Year Financial Performance & Capital Metrics

TX • • Industrial / General

Basic MaterialsSteelIntegrated Steel ProducersRegional Integrated Producers

AboutTernium S.A. manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy. The Mining segment sells iron ore and pellets. The company also provides medical and social; scrap; and engineering and other services, as well as operates as a distribution company. It serves various companies and small businesses in the construction, automotive, home appliances, agro, packaging, transport, and energy industries. The company was founded in 1961 and is based in Luxembourg City, Luxembourg. Ternium S.A. is a subsidiary of Techint Holdings S.à r.l.Show more

Revenue $17.65B +0.2%
EBITDA $2.01B -29.7%
Net Income -$54M -107.9%
EPS (Diluted) -0.27 -107.9%
Gross Margin 16.37% -45.2%
EBITDA Margin 11.37% -29.9%
Operating Margin 7.16% -42.7%
Net Margin -0.3% -107.9%
ROE -0.33% -107.4%
ROIC 5.8% -48.4%
Debt/Equity 0.11 +27.1%
Interest Coverage 6.46 -45.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 11.6%
✓Trading near 52-week high
✓Trading at only 0.5x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.3%

5Y11.61%

3Y3.13%

TTM-16%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM635.85%

EPS CAGR

10Y-

5Y-

3Y-

TTM614.63%

ROCE

10Y Avg16.33%

5Y Avg17.86%

3Y Avg12.41%

Latest6.37%

Peer Comparison

Regional Integrated Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CMCCommercial Metals Company	8.41B	75.80	102.43	-1.61%	5.46%	10.15%	3.71%	0.32
STLDSteel Dynamics, Inc.	25.57B	175.11	17.80	-6.68%	6.39%	12.56%		0.37
SIDCompanhia Siderúrgica Nacional	2.52B	1.90	-1.64	-3.85%	-3.42%	-47.72%	100%	3.69
ASTLAlgoma Steel Group Inc.	480.6M	4.58	-2.23	-12.2%	-13.42%	-23.83%		0.45
TXTernium S.A.	8.23B	41.90	-155.19	0.22%	3.72%	3.58%	0.5%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	7.88B	7.22B	9.7B	11.45B	10.19B	8.74B	16.09B	16.41B	17.61B	17.65B
Revenue Growth %	-0.1%	-0.08%	0.34%	0.18%	-0.11%	-0.14%	0.84%	0.02%	0.07%	0%
Cost of Goods Sold+	6.48B	5.38B	7.4B	8.48B	8.45B	7.1B	9.9B	12.49B	12.35B	14.76B
COGS % of Revenue	0.82%	0.75%	0.76%	0.74%	0.83%	0.81%	0.61%	0.76%	0.7%	0.84%
Gross Profit+	1.4B	1.84B	2.3B	2.97B	1.74B	1.64B	6.2B	3.93B	5.26B	2.89B
Gross Margin %	0.18%	0.25%	0.24%	0.26%	0.17%	0.19%	0.39%	0.24%	0.3%	0.16%
Gross Profit Growth %	-0.22%	0.31%	0.25%	0.29%	-0.41%	-0.06%	2.79%	-0.37%	0.34%	-0.45%
Operating Expenses+	760.84M	697.8M	840.49M	863.11M	875.81M	556.04M	924.54M	1.23B	3.06B	1.63B
OpEx % of Revenue	0.1%	0.1%	0.09%	0.08%	0.09%	0.06%	0.06%	0.07%	0.17%	0.09%
Selling, General & Admin	586.05M	542.38M	629.13M	667.56M	654.49M	572.05M	729.02M	924.62M	1.12B	1.42B
SG&A % of Revenue	0.07%	0.08%	0.06%	0.06%	0.06%	0.07%	0.05%	0.06%	0.06%	0.08%
Research & Development	6.15M	9.11M	9.72M	8.9M	0	0	0	0	0	0
R&D % of Revenue	0%	0%	0%	0%	-	-	-	-	-	-
Other Operating Expenses	174.78M	155.49M	211.36M	195.54M	221.32M	-16.01M	195.52M	303.05M	1.94B	209.02M
Operating Income+	639.34M	1.14B	1.46B	2.11B	864.57M	1.08B	5.27B	2.7B	2.2B	1.26B
Operating Margin %	0.08%	0.16%	0.15%	0.18%	0.08%	0.12%	0.33%	0.16%	0.12%	0.07%
Operating Income Growth %	-0.39%	0.79%	0.28%	0.45%	-0.59%	0.25%	3.88%	-0.49%	-0.19%	-0.43%
EBITDA+	1.07B	1.54B	1.93B	2.72B	1.53B	1.71B	5.86B	3.32B	2.86B	2.01B
EBITDA Margin %	0.14%	0.21%	0.2%	0.24%	0.15%	0.2%	0.36%	0.2%	0.16%	0.11%
EBITDA Growth %	-0.27%	0.44%	0.25%	0.41%	-0.44%	0.12%	2.43%	-0.43%	-0.14%	-0.3%
D&A (Non-Cash Add-back)	433.79M	403.05M	470.19M	609.99M	661.11M	631.05M	591.79M	616.49M	657.69M	743.28M
EBIT	356.59M	1.18B	1.47B	2.16B	914.85M	1.21B	5.79B	2.71B	1.5B	924.18M
Net Interest Income+	-80.87M	-75.13M	-94.35M	-113.8M	-59.92M	2.77M	35.77M	28.6M	83.7M	101.64M
Interest Income	7.92M	14M	19.24M	21.98M	29.42M	49.29M	62.66M	75.66M	275.55M	297.25M
Interest Expense	88.79M	89.12M	113.59M	135.78M	89.33M	46.52M	26.89M	47.06M	185.11M	195.6M
Other Income/Expense	-372.24M	-23.26M	-96.97M	-76.8M	-38M	79.89M	493.19M	-33.02M	-877.23M	-535.31M
Pretax Income+	267.1M	1.12B	1.36B	2.03B	826.56M	1.16B	5.76B	2.67B	1.32B	728M
Pretax Margin %	0.03%	0.15%	0.14%	0.18%	0.08%	0.13%	0.36%	0.16%	0.08%	0.04%
Income Tax+	207.32M	411.5M	336.88M	369.44M	196.52M	291.49M	1.4B	573.73M	334.41M	554.22M
Effective Tax Rate %	0.03%	0.53%	0.65%	0.74%	0.68%	0.67%	0.66%	0.66%	0.51%	-0.07%
Net Income+	8.13M	595.6M	886.22M	1.51B	564.27M	778.47M	3.83B	1.77B	676.04M	-53.67M
Net Margin %	0%	0.08%	0.09%	0.13%	0.06%	0.09%	0.24%	0.11%	0.04%	-0%
Net Income Growth %	-0.98%	72.29%	0.49%	0.7%	-0.63%	0.38%	3.91%	-0.54%	-0.62%	-1.08%
Net Income (Continuing)	59.78M	706.93M	1.02B	1.66B	630.04M	867.87M	4.37B	2.09B	986.37M	173.78M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	769.85M	775.3M	842.35M	1.09B	1.1B	1.16B	1.7B	1.92B	4.39B	4.16B
EPS (Diluted)+	0.04	3.03	4.50	7.67	2.91	3.96	19.41	9.07	3.40	-0.27
EPS Growth %	-0.98%	72.19%	0.49%	0.7%	-0.62%	0.36%	3.9%	-0.53%	-0.63%	-1.08%
EPS (Basic)	0.04	3.03	4.50	7.67	2.91	3.96	19.41	9.07	3.40	-0.27
Diluted Shares Outstanding	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M
Basic Shares Outstanding	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M
Dividend Payout Ratio	21.74%	0.3%	0.22%	0.14%	0.42%	-	0.15%	0.3%	0.84%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.58B	2.7B	4.4B	4.43B	4.18B	4.56B	8.6B	8.84B	12.02B	11.07B
Cash & Short-Term Investments	388.59M	328.4M	470.46M	292.85M	732.17M	1.35B	2.57B	3.53B	3.82B	3.85B
Cash Only	151.4M	183.5M	337.73M	248.32M	519.9M	537.66M	1.28B	1.65B	1.84B	1.69B
Short-Term Investments	237.19M	144.9M	132.74M	44.53M	212.27M	813.2M	1.29B	1.88B	1.98B	2.16B
Accounts Receivable	511.46M	661.58M	1.04B	1.16B	978.19M	1.17B	2.09B	1.8B	3.17B	2.39B
Days Sales Outstanding	23.7	33.43	38.98	37.07	35.03	49.07	47.39	39.96	65.66	49.38
Inventory	1.58B	1.65B	2.55B	2.69B	2.16B	2.02B	3.91B	3.47B	4.95B	4.75B
Days Inventory Outstanding	88.98	111.71	125.77	115.73	93.2	104.1	144.17	101.43	146.2	117.47
Other Current Assets	102.94M	90.38M	366.94M	312.67M	3.36M	6.54M	4.41M	257K	18.54M	7.23M
Total Non-Current Assets+	5.48B	5.62B	7.73B	8.12B	8.76B	8.29B	8.49B	8.65B	12.16B	12.06B
Property, Plant & Equipment	4.31B	4.14B	5.45B	5.92B	6.66B	6.52B	6.6B	6.47B	8.09B	8.86B
Fixed Asset Turnover	1.83x	1.75x	1.78x	1.94x	1.53x	1.34x	2.44x	2.54x	2.18x	1.99x
Goodwill	662.31M	662.31M	662.31M	662.31M	662.31M	662.04M	662.31M	662.31M	662.31M	662.31M
Intangible Assets	124.35M	78.05M	325.6M	250.72M	157.49M	246.18M	87.22M	121.07M	190.76M	232.89M
Long-Term Investments	250.41M	424.4M	481.73M	502.44M	516.9M	603.52M	818.75M	922.29M	728.2M	491.5M
Other Non-Current Assets	36.15M	133.9M	682.13M	655.03M	593.46M	97.16M	163.44M	273.94M	774.42M	618.72M
Total Assets+	8.06B	8.32B	12.12B	12.55B	12.94B	12.85B	17.1B	17.49B	24.18B	23.13B
Asset Turnover	0.98x	0.87x	0.80x	0.91x	0.79x	0.68x	0.94x	0.94x	0.73x	0.76x
Asset Growth %	-0.21%	0.03%	0.46%	0.04%	0.03%	-0.01%	0.33%	0.02%	0.38%	-0.04%
Total Current Liabilities+	1.7B	1.83B	2.83B	1.83B	1.77B	1.85B	3.21B	2.22B	3.8B	3.84B
Accounts Payable	568.48M	603.12M	897.73M	904.17M	876.8M	1.05B	1.13B	1.19B	2.23B	1.93B
Days Payables Outstanding	32.03	40.88	44.26	38.9	37.86	53.92	41.54	34.71	65.97	47.62
Short-Term Debt	913.79M	821.9M	1.51B	399.86M	559.78M	437.91M	0	0	24.46M	23.81M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	0	0	0	0	0
Other Current Liabilities	68.5M	193.06M	114.65M	216.96M	83.48M	142.1M	847.45M	524.67M	989.49M	1.45B
Current Ratio	1.52x	1.47x	1.55x	2.42x	2.36x	2.46x	2.68x	3.99x	3.16x	2.88x
Quick Ratio	0.59x	0.57x	0.65x	0.95x	1.14x	1.37x	1.46x	2.42x	1.86x	1.65x
Cash Conversion Cycle	80.65	104.25	120.49	113.9	90.37	99.25	150.02	106.68	145.89	119.24
Total Non-Current Liabilities+	1.56B	1.32B	3.44B	3.24B	3.45B	2.56B	1.65B	1.51B	3.57B	3.16B
Long-Term Debt	607.24M	396.7M	1.72B	1.64B	1.63B	1.33B	656.47M	532.7M	1.21B	1.56B
Capital Lease Obligations	0	0	69M	65.8M	298.22M	251.52M	215.25M	190.13M	188.91M	163.67M
Deferred Tax Liabilities	609.51M	609M	513.36M	474.43M	403.28M	346.34M	186.22M	162.74M	170.82M	88.71M
Other Non-Current Liabilities	342.23M	928.09M	1.14B	1.06B	1.12B	633.84M	591.17M	620.75M	2B	1.35B
Total Liabilities	3.26B	3.16B	6.27B	5.06B	5.22B	4.41B	4.86B	3.72B	7.37B	7B
Total Debt+	1.52B	1.22B	3.3B	2.11B	2.53B	2.02B	916.09M	771.85M	1.47B	1.79B
Net Debt	1.37B	1.04B	2.96B	1.86B	2.01B	1.48B	-360.46M	-881.48M	-371.37M	105.47M
Debt / Equity	0.32x	0.24x	0.56x	0.28x	0.33x	0.24x	0.07x	0.06x	0.09x	0.11x
Debt / EBITDA	1.42x	0.79x	1.71x	0.78x	1.66x	1.18x	0.16x	0.23x	0.52x	0.89x
Net Debt / EBITDA	1.28x	0.67x	1.54x	0.69x	1.32x	0.86x	-0.06x	-0.27x	-0.13x	0.05x
Interest Coverage	7.20x	12.81x	12.82x	15.53x	9.68x	23.20x	196.05x	57.36x	11.87x	6.46x
Total Equity+	4.8B	5.17B	5.85B	7.48B	7.71B	8.44B	12.24B	13.77B	16.81B	16.13B
Equity Growth %	-0.23%	0.08%	0.13%	0.28%	0.03%	0.09%	0.45%	0.13%	0.22%	-0.04%
Book Value per Share	24.47	26.32	29.81	38.13	39.30	42.99	62.33	70.14	85.64	82.17
Total Shareholders' Equity	4.03B	4.39B	5.01B	6.39B	6.61B	7.28B	10.54B	11.85B	12.42B	11.97B
Common Stock	2B	2B	2B	2B	2B	2B	2B	2B	2B	2B
Retained Earnings	5.38B	5.71B	6.49B	8.11B	8.53B	9.23B	12.57B	13.8B	13.91B	13.25B
Treasury Stock	-150M	-150M	-150M	-150M	-150M	-149.94M	-150M	-150M	-150M	-150M
Accumulated OCI	-9.3B	-9.37B	-9.5B	-10.1B	-1.43B	-3.81B	-1.54B	-1.46B	-998.62M	-786.8M
Minority Interest	769.85M	775.3M	842.35M	1.09B	1.1B	1.16B	1.7B	1.92B	4.39B	4.16B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.32B	1.1B	383.86M	1.74B	1.65B	1.76B	2.68B	2.75B	2.5B	1.91B
Operating CF Margin %	0.17%	0.15%	0.04%	0.15%	0.16%	0.2%	0.17%	0.17%	0.14%	0.11%
Operating CF Growth %	1.62%	-0.17%	-0.65%	3.53%	-0.05%	0.07%	0.52%	0.03%	-0.09%	-0.24%
Net Income	59.78M	706.9M	1.02B	1.66B	630.04M	867.87M	4.37B	2.09B	986.37M	-53.67M
Depreciation & Amortization	433.79M	406.9M	474.3M	589.3M	661.11M	631.05M	591.79M	616.49M	657.69M	741.85M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-23.93M	182.3M	-273.44M	-154.37M	-208.81M	66.56M	578.28M	-1.2B	-160.94M	0
Other Non-Cash Items	5.5M	12.7M	19.48M	-13.01M	-7.42M	-157.03M	-242.16M	86.74M	696.92M	1.23B
Working Capital Changes	509.14M	-162.4M	-864.97M	-228.58M	572.68M	352.8M	-2.62B	1.15B	321.08M	-15.88M
Change in Receivables	125.68M	-161.18M	-411.37M	-114.74M	167.63M	-41.65M	-926.74M	584.7M	-97.94M	127.8M
Change in Inventory	349.66M	-151.26M	-540.16M	-186.41M	510.97M	156.52M	-1.91B	438.09M	202.47M	-108.83M
Change in Payables	36.73M	61.04M	46.33M	55.43M	-10.79M	200.41M	109.25M	83.31M	280.57M	-74.16M
Cash from Investing+	-572.06M	-554.7M	-2.03B	-457.01M	-1.2B	-1.18B	-1.05B	-1.32B	-1.47B	-1.38B
Capital Expenditures	-466.64M	-435.5M	-409.4M	-520.25M	-1.05B	-560.01M	-523.61M	-580.55M	-1.46B	-1.87B
CapEx % of Revenue	0.06%	0.06%	0.04%	0.05%	0.1%	0.06%	0.03%	0.04%	0.08%	0.11%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-475.84M	-526.6M	-432.12M	-23.62M	25.27M	1.04M	58.03M	30.8M	45.55M	490.1M
Cash from Financing+	-809.63M	-508.7M	1.8B	-1.32B	-150.51M	-506.25M	-854.38M	-1.02B	-766.36M	-488.38M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-176.68M	-176.7M	-196.31M	-215.94M	-235.57M	0	-569.29M	-530.03M	-569.29M	-608.55M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-75.87M	-50.83M	-30.57M	17.16M	-28.53M	0	0	0	0	-54.34M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	856.85M	664.1M	-25.54M	1.22B	595.37M	1.2B	2.15B	2.17B	1.04B	40.74M
FCF Margin %	0.11%	0.09%	-0%	0.11%	0.06%	0.14%	0.13%	0.13%	0.06%	0%
FCF Growth %	12.74%	-0.22%	-1.04%	48.72%	-0.51%	1.02%	0.79%	0.01%	-0.52%	-0.96%
FCF per Share	4.36	3.38	-0.13	6.21	3.03	6.12	10.97	11.07	5.30	0.21
FCF Conversion (FCF/Net Income)	162.85x	1.85x	0.43x	1.15x	2.92x	2.26x	0.70x	1.56x	3.70x	-35.51x
Interest Paid	83.99M	77.27M	95.1M	144.19M	101.45M	55.77M	36.06M	42.73M	133.71M	194.84M
Taxes Paid	231.25M	229.2M	610.33M	523.8M	405.32M	224.93M	818.85M	1.77B	495.35M	56.53M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.15%	11.95%	16.08%	22.59%	7.42%	9.64%	37%	13.59%	4.42%	-0.33%
Return on Invested Capital (ROIC)	6.67%	13.84%	14.55%	17.41%	6.8%	8.24%	36.28%	16.35%	11.24%	5.8%
Gross Margin	17.77%	25.47%	23.68%	25.94%	17.07%	18.72%	38.5%	23.93%	29.85%	16.37%
Net Margin	0.1%	8.24%	9.14%	13.15%	5.54%	8.91%	23.77%	10.77%	3.84%	-0.3%
Debt / Equity	0.32x	0.24x	0.56x	0.28x	0.33x	0.24x	0.07x	0.06x	0.09x	0.11x
Interest Coverage	7.20x	12.81x	12.82x	15.53x	9.68x	23.20x	196.05x	57.36x	11.87x	6.46x
FCF Conversion	162.85x	1.85x	0.43x	1.15x	2.92x	2.26x	0.70x	1.56x	3.70x	-35.51x
Revenue Growth	-9.72%	-8.3%	34.28%	18.09%	-11.02%	-14.3%	84.2%	2.01%	7.28%	0.22%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2024
Hot rolled	3.37B	3.96B	3.28B	-	6.36B	6.99B	7.63B
Hot rolled Growth	-	17.66%	-17.30%	-	-	9.99%	9.19%
Coated	3.39B	3.51B	3.26B	-	5.3B	5.7B	5.89B
Coated Growth	-	3.38%	-6.92%	-	-	7.57%	3.23%
Cold rolled	1.32B	1.26B	1.17B	-	1.99B	1.95B	2.62B
Cold rolled Growth	-	-4.29%	-7.87%	-	-	-1.93%	34.42%
Other products	309.09M	363.83M	302.73M	274M	309.45M	322.96M	757.52M
Other products Growth	-	17.71%	-16.79%	-9.49%	12.93%	4.37%	134.55%
Roll-formed and tubular	472.25M	437.51M	380.69M	413.34M	659.61M	660.83M	620.99M
Roll-formed and tubular Growth	-	-7.36%	-12.99%	8.58%	59.58%	0.18%	-6.03%
Slabs	715.51M	1.82B	1.75B	-	1.3B	640.23M	102.72M
Slabs Growth	-	154.12%	-3.58%	-	-	-50.92%	-83.96%
Total sales	9.7B	11.45B	10.19B	-	16.09B	-	-
Total sales Growth	-	18.09%	-11.02%	-	-	-	-
Semi-finished	123.75M	103.1M	51.5M	3.63M	167.14M	-	-
Semi-finished Growth	-	-16.69%	-50.05%	-92.95%	4501.82%	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2024
MEXICO	5.63B	6.35B	5.48B	4.66B	8.99B	8.95B	8.7B
MEXICO Growth	-	12.72%	-13.67%	-14.92%	92.93%	-0.46%	-2.77%
BRAZIL	-	-	-	-	-	-	4.28B
BRAZIL Growth	-	-	-	-	-	-	-
Southern region	-	1.94B	-	1.76B	3.38B	3.85B	2.42B
Southern region Growth	-	-	-	-	91.61%	14.09%	-37.32%
Brazil and other markets	-	3.17B	-	2.31B	3.72B	3.61B	-
Brazil and other markets Growth	-	-	-	-	60.97%	-2.96%	-

Frequently Asked Questions

Growth & Financials

Ternium S.A. (TX) reported $15.71B in revenue for fiscal year 2024. This represents a 72% increase from $9.16B in 2011.

Ternium S.A. (TX) grew revenue by 0.2% over the past year. Growth has been modest.

Yes, Ternium S.A. (TX) is profitable, generating $583.9M in net income for fiscal year 2024 (-0.3% net margin).

Dividend & Returns

Yes, Ternium S.A. (TX) pays a dividend with a yield of 7.40%. This makes it attractive for income-focused investors.

Ternium S.A. (TX) has a return on equity (ROE) of -0.3%. Negative ROE indicates the company is unprofitable.

Ternium S.A. (TX) had negative free cash flow of $222.2M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Ternium S.A. (TX) 10-Year Financial Performance & Capital Metrics

TX • • Industrial / General

Basic MaterialsSteelIntegrated Steel ProducersRegional Integrated Producers

Revenue $17.65B +0.2%
EBITDA $2.01B -29.7%
Net Income -$54M -107.9%
EPS (Diluted) -0.27 -107.9%
Gross Margin 16.37% -45.2%
EBITDA Margin 11.37% -29.9%
Operating Margin 7.16% -42.7%
Net Margin -0.3% -107.9%
ROE -0.33% -107.4%
ROIC 5.8% -48.4%
Debt/Equity 0.11 +27.1%
Interest Coverage 6.46 -45.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 11.6%
✓Trading near 52-week high
✓Trading at only 0.5x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.3%

5Y11.61%

3Y3.13%

TTM-16%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM635.85%

EPS CAGR

10Y-

5Y-

3Y-

TTM614.63%

ROCE

10Y Avg16.33%

5Y Avg17.86%

3Y Avg12.41%

Latest6.37%

Peer Comparison

Regional Integrated Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CMCCommercial Metals Company	8.41B	75.80	102.43	-1.61%	5.46%	10.15%	3.71%	0.32
STLDSteel Dynamics, Inc.	25.57B	175.11	17.80	-6.68%	6.39%	12.56%		0.37
SIDCompanhia Siderúrgica Nacional	2.52B	1.90	-1.64	-3.85%	-3.42%	-47.72%	100%	3.69
ASTLAlgoma Steel Group Inc.	480.6M	4.58	-2.23	-12.2%	-13.42%	-23.83%		0.45
TXTernium S.A.	8.23B	41.90	-155.19	0.22%	3.72%	3.58%	0.5%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	7.88B	7.22B	9.7B	11.45B	10.19B	8.74B	16.09B	16.41B	17.61B	17.65B
Revenue Growth %	-0.1%	-0.08%	0.34%	0.18%	-0.11%	-0.14%	0.84%	0.02%	0.07%	0%
Cost of Goods Sold+	6.48B	5.38B	7.4B	8.48B	8.45B	7.1B	9.9B	12.49B	12.35B	14.76B
COGS % of Revenue	0.82%	0.75%	0.76%	0.74%	0.83%	0.81%	0.61%	0.76%	0.7%	0.84%
Gross Profit+	1.4B	1.84B	2.3B	2.97B	1.74B	1.64B	6.2B	3.93B	5.26B	2.89B
Gross Margin %	0.18%	0.25%	0.24%	0.26%	0.17%	0.19%	0.39%	0.24%	0.3%	0.16%
Gross Profit Growth %	-0.22%	0.31%	0.25%	0.29%	-0.41%	-0.06%	2.79%	-0.37%	0.34%	-0.45%
Operating Expenses+	760.84M	697.8M	840.49M	863.11M	875.81M	556.04M	924.54M	1.23B	3.06B	1.63B
OpEx % of Revenue	0.1%	0.1%	0.09%	0.08%	0.09%	0.06%	0.06%	0.07%	0.17%	0.09%
Selling, General & Admin	586.05M	542.38M	629.13M	667.56M	654.49M	572.05M	729.02M	924.62M	1.12B	1.42B
SG&A % of Revenue	0.07%	0.08%	0.06%	0.06%	0.06%	0.07%	0.05%	0.06%	0.06%	0.08%
Research & Development	6.15M	9.11M	9.72M	8.9M	0	0	0	0	0	0
R&D % of Revenue	0%	0%	0%	0%	-	-	-	-	-	-
Other Operating Expenses	174.78M	155.49M	211.36M	195.54M	221.32M	-16.01M	195.52M	303.05M	1.94B	209.02M
Operating Income+	639.34M	1.14B	1.46B	2.11B	864.57M	1.08B	5.27B	2.7B	2.2B	1.26B
Operating Margin %	0.08%	0.16%	0.15%	0.18%	0.08%	0.12%	0.33%	0.16%	0.12%	0.07%
Operating Income Growth %	-0.39%	0.79%	0.28%	0.45%	-0.59%	0.25%	3.88%	-0.49%	-0.19%	-0.43%
EBITDA+	1.07B	1.54B	1.93B	2.72B	1.53B	1.71B	5.86B	3.32B	2.86B	2.01B
EBITDA Margin %	0.14%	0.21%	0.2%	0.24%	0.15%	0.2%	0.36%	0.2%	0.16%	0.11%
EBITDA Growth %	-0.27%	0.44%	0.25%	0.41%	-0.44%	0.12%	2.43%	-0.43%	-0.14%	-0.3%
D&A (Non-Cash Add-back)	433.79M	403.05M	470.19M	609.99M	661.11M	631.05M	591.79M	616.49M	657.69M	743.28M
EBIT	356.59M	1.18B	1.47B	2.16B	914.85M	1.21B	5.79B	2.71B	1.5B	924.18M
Net Interest Income+	-80.87M	-75.13M	-94.35M	-113.8M	-59.92M	2.77M	35.77M	28.6M	83.7M	101.64M
Interest Income	7.92M	14M	19.24M	21.98M	29.42M	49.29M	62.66M	75.66M	275.55M	297.25M
Interest Expense	88.79M	89.12M	113.59M	135.78M	89.33M	46.52M	26.89M	47.06M	185.11M	195.6M
Other Income/Expense	-372.24M	-23.26M	-96.97M	-76.8M	-38M	79.89M	493.19M	-33.02M	-877.23M	-535.31M
Pretax Income+	267.1M	1.12B	1.36B	2.03B	826.56M	1.16B	5.76B	2.67B	1.32B	728M
Pretax Margin %	0.03%	0.15%	0.14%	0.18%	0.08%	0.13%	0.36%	0.16%	0.08%	0.04%
Income Tax+	207.32M	411.5M	336.88M	369.44M	196.52M	291.49M	1.4B	573.73M	334.41M	554.22M
Effective Tax Rate %	0.03%	0.53%	0.65%	0.74%	0.68%	0.67%	0.66%	0.66%	0.51%	-0.07%
Net Income+	8.13M	595.6M	886.22M	1.51B	564.27M	778.47M	3.83B	1.77B	676.04M	-53.67M
Net Margin %	0%	0.08%	0.09%	0.13%	0.06%	0.09%	0.24%	0.11%	0.04%	-0%
Net Income Growth %	-0.98%	72.29%	0.49%	0.7%	-0.63%	0.38%	3.91%	-0.54%	-0.62%	-1.08%
Net Income (Continuing)	59.78M	706.93M	1.02B	1.66B	630.04M	867.87M	4.37B	2.09B	986.37M	173.78M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	769.85M	775.3M	842.35M	1.09B	1.1B	1.16B	1.7B	1.92B	4.39B	4.16B
EPS (Diluted)+	0.04	3.03	4.50	7.67	2.91	3.96	19.41	9.07	3.40	-0.27
EPS Growth %	-0.98%	72.19%	0.49%	0.7%	-0.62%	0.36%	3.9%	-0.53%	-0.63%	-1.08%
EPS (Basic)	0.04	3.03	4.50	7.67	2.91	3.96	19.41	9.07	3.40	-0.27
Diluted Shares Outstanding	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M
Basic Shares Outstanding	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M	196.31M
Dividend Payout Ratio	21.74%	0.3%	0.22%	0.14%	0.42%	-	0.15%	0.3%	0.84%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.58B	2.7B	4.4B	4.43B	4.18B	4.56B	8.6B	8.84B	12.02B	11.07B
Cash & Short-Term Investments	388.59M	328.4M	470.46M	292.85M	732.17M	1.35B	2.57B	3.53B	3.82B	3.85B
Cash Only	151.4M	183.5M	337.73M	248.32M	519.9M	537.66M	1.28B	1.65B	1.84B	1.69B
Short-Term Investments	237.19M	144.9M	132.74M	44.53M	212.27M	813.2M	1.29B	1.88B	1.98B	2.16B
Accounts Receivable	511.46M	661.58M	1.04B	1.16B	978.19M	1.17B	2.09B	1.8B	3.17B	2.39B
Days Sales Outstanding	23.7	33.43	38.98	37.07	35.03	49.07	47.39	39.96	65.66	49.38
Inventory	1.58B	1.65B	2.55B	2.69B	2.16B	2.02B	3.91B	3.47B	4.95B	4.75B
Days Inventory Outstanding	88.98	111.71	125.77	115.73	93.2	104.1	144.17	101.43	146.2	117.47
Other Current Assets	102.94M	90.38M	366.94M	312.67M	3.36M	6.54M	4.41M	257K	18.54M	7.23M
Total Non-Current Assets+	5.48B	5.62B	7.73B	8.12B	8.76B	8.29B	8.49B	8.65B	12.16B	12.06B
Property, Plant & Equipment	4.31B	4.14B	5.45B	5.92B	6.66B	6.52B	6.6B	6.47B	8.09B	8.86B
Fixed Asset Turnover	1.83x	1.75x	1.78x	1.94x	1.53x	1.34x	2.44x	2.54x	2.18x	1.99x
Goodwill	662.31M	662.31M	662.31M	662.31M	662.31M	662.04M	662.31M	662.31M	662.31M	662.31M
Intangible Assets	124.35M	78.05M	325.6M	250.72M	157.49M	246.18M	87.22M	121.07M	190.76M	232.89M
Long-Term Investments	250.41M	424.4M	481.73M	502.44M	516.9M	603.52M	818.75M	922.29M	728.2M	491.5M
Other Non-Current Assets	36.15M	133.9M	682.13M	655.03M	593.46M	97.16M	163.44M	273.94M	774.42M	618.72M
Total Assets+	8.06B	8.32B	12.12B	12.55B	12.94B	12.85B	17.1B	17.49B	24.18B	23.13B
Asset Turnover	0.98x	0.87x	0.80x	0.91x	0.79x	0.68x	0.94x	0.94x	0.73x	0.76x
Asset Growth %	-0.21%	0.03%	0.46%	0.04%	0.03%	-0.01%	0.33%	0.02%	0.38%	-0.04%
Total Current Liabilities+	1.7B	1.83B	2.83B	1.83B	1.77B	1.85B	3.21B	2.22B	3.8B	3.84B
Accounts Payable	568.48M	603.12M	897.73M	904.17M	876.8M	1.05B	1.13B	1.19B	2.23B	1.93B
Days Payables Outstanding	32.03	40.88	44.26	38.9	37.86	53.92	41.54	34.71	65.97	47.62
Short-Term Debt	913.79M	821.9M	1.51B	399.86M	559.78M	437.91M	0	0	24.46M	23.81M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	0	0	0	0	0
Other Current Liabilities	68.5M	193.06M	114.65M	216.96M	83.48M	142.1M	847.45M	524.67M	989.49M	1.45B
Current Ratio	1.52x	1.47x	1.55x	2.42x	2.36x	2.46x	2.68x	3.99x	3.16x	2.88x
Quick Ratio	0.59x	0.57x	0.65x	0.95x	1.14x	1.37x	1.46x	2.42x	1.86x	1.65x
Cash Conversion Cycle	80.65	104.25	120.49	113.9	90.37	99.25	150.02	106.68	145.89	119.24
Total Non-Current Liabilities+	1.56B	1.32B	3.44B	3.24B	3.45B	2.56B	1.65B	1.51B	3.57B	3.16B
Long-Term Debt	607.24M	396.7M	1.72B	1.64B	1.63B	1.33B	656.47M	532.7M	1.21B	1.56B
Capital Lease Obligations	0	0	69M	65.8M	298.22M	251.52M	215.25M	190.13M	188.91M	163.67M
Deferred Tax Liabilities	609.51M	609M	513.36M	474.43M	403.28M	346.34M	186.22M	162.74M	170.82M	88.71M
Other Non-Current Liabilities	342.23M	928.09M	1.14B	1.06B	1.12B	633.84M	591.17M	620.75M	2B	1.35B
Total Liabilities	3.26B	3.16B	6.27B	5.06B	5.22B	4.41B	4.86B	3.72B	7.37B	7B
Total Debt+	1.52B	1.22B	3.3B	2.11B	2.53B	2.02B	916.09M	771.85M	1.47B	1.79B
Net Debt	1.37B	1.04B	2.96B	1.86B	2.01B	1.48B	-360.46M	-881.48M	-371.37M	105.47M
Debt / Equity	0.32x	0.24x	0.56x	0.28x	0.33x	0.24x	0.07x	0.06x	0.09x	0.11x
Debt / EBITDA	1.42x	0.79x	1.71x	0.78x	1.66x	1.18x	0.16x	0.23x	0.52x	0.89x
Net Debt / EBITDA	1.28x	0.67x	1.54x	0.69x	1.32x	0.86x	-0.06x	-0.27x	-0.13x	0.05x
Interest Coverage	7.20x	12.81x	12.82x	15.53x	9.68x	23.20x	196.05x	57.36x	11.87x	6.46x
Total Equity+	4.8B	5.17B	5.85B	7.48B	7.71B	8.44B	12.24B	13.77B	16.81B	16.13B
Equity Growth %	-0.23%	0.08%	0.13%	0.28%	0.03%	0.09%	0.45%	0.13%	0.22%	-0.04%
Book Value per Share	24.47	26.32	29.81	38.13	39.30	42.99	62.33	70.14	85.64	82.17
Total Shareholders' Equity	4.03B	4.39B	5.01B	6.39B	6.61B	7.28B	10.54B	11.85B	12.42B	11.97B
Common Stock	2B	2B	2B	2B	2B	2B	2B	2B	2B	2B
Retained Earnings	5.38B	5.71B	6.49B	8.11B	8.53B	9.23B	12.57B	13.8B	13.91B	13.25B
Treasury Stock	-150M	-150M	-150M	-150M	-150M	-149.94M	-150M	-150M	-150M	-150M
Accumulated OCI	-9.3B	-9.37B	-9.5B	-10.1B	-1.43B	-3.81B	-1.54B	-1.46B	-998.62M	-786.8M
Minority Interest	769.85M	775.3M	842.35M	1.09B	1.1B	1.16B	1.7B	1.92B	4.39B	4.16B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.32B	1.1B	383.86M	1.74B	1.65B	1.76B	2.68B	2.75B	2.5B	1.91B
Operating CF Margin %	0.17%	0.15%	0.04%	0.15%	0.16%	0.2%	0.17%	0.17%	0.14%	0.11%
Operating CF Growth %	1.62%	-0.17%	-0.65%	3.53%	-0.05%	0.07%	0.52%	0.03%	-0.09%	-0.24%
Net Income	59.78M	706.9M	1.02B	1.66B	630.04M	867.87M	4.37B	2.09B	986.37M	-53.67M
Depreciation & Amortization	433.79M	406.9M	474.3M	589.3M	661.11M	631.05M	591.79M	616.49M	657.69M	741.85M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-23.93M	182.3M	-273.44M	-154.37M	-208.81M	66.56M	578.28M	-1.2B	-160.94M	0
Other Non-Cash Items	5.5M	12.7M	19.48M	-13.01M	-7.42M	-157.03M	-242.16M	86.74M	696.92M	1.23B
Working Capital Changes	509.14M	-162.4M	-864.97M	-228.58M	572.68M	352.8M	-2.62B	1.15B	321.08M	-15.88M
Change in Receivables	125.68M	-161.18M	-411.37M	-114.74M	167.63M	-41.65M	-926.74M	584.7M	-97.94M	127.8M
Change in Inventory	349.66M	-151.26M	-540.16M	-186.41M	510.97M	156.52M	-1.91B	438.09M	202.47M	-108.83M
Change in Payables	36.73M	61.04M	46.33M	55.43M	-10.79M	200.41M	109.25M	83.31M	280.57M	-74.16M
Cash from Investing+	-572.06M	-554.7M	-2.03B	-457.01M	-1.2B	-1.18B	-1.05B	-1.32B	-1.47B	-1.38B
Capital Expenditures	-466.64M	-435.5M	-409.4M	-520.25M	-1.05B	-560.01M	-523.61M	-580.55M	-1.46B	-1.87B
CapEx % of Revenue	0.06%	0.06%	0.04%	0.05%	0.1%	0.06%	0.03%	0.04%	0.08%	0.11%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-475.84M	-526.6M	-432.12M	-23.62M	25.27M	1.04M	58.03M	30.8M	45.55M	490.1M
Cash from Financing+	-809.63M	-508.7M	1.8B	-1.32B	-150.51M	-506.25M	-854.38M	-1.02B	-766.36M	-488.38M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-176.68M	-176.7M	-196.31M	-215.94M	-235.57M	0	-569.29M	-530.03M	-569.29M	-608.55M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-75.87M	-50.83M	-30.57M	17.16M	-28.53M	0	0	0	0	-54.34M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	856.85M	664.1M	-25.54M	1.22B	595.37M	1.2B	2.15B	2.17B	1.04B	40.74M
FCF Margin %	0.11%	0.09%	-0%	0.11%	0.06%	0.14%	0.13%	0.13%	0.06%	0%
FCF Growth %	12.74%	-0.22%	-1.04%	48.72%	-0.51%	1.02%	0.79%	0.01%	-0.52%	-0.96%
FCF per Share	4.36	3.38	-0.13	6.21	3.03	6.12	10.97	11.07	5.30	0.21
FCF Conversion (FCF/Net Income)	162.85x	1.85x	0.43x	1.15x	2.92x	2.26x	0.70x	1.56x	3.70x	-35.51x
Interest Paid	83.99M	77.27M	95.1M	144.19M	101.45M	55.77M	36.06M	42.73M	133.71M	194.84M
Taxes Paid	231.25M	229.2M	610.33M	523.8M	405.32M	224.93M	818.85M	1.77B	495.35M	56.53M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.15%	11.95%	16.08%	22.59%	7.42%	9.64%	37%	13.59%	4.42%	-0.33%
Return on Invested Capital (ROIC)	6.67%	13.84%	14.55%	17.41%	6.8%	8.24%	36.28%	16.35%	11.24%	5.8%
Gross Margin	17.77%	25.47%	23.68%	25.94%	17.07%	18.72%	38.5%	23.93%	29.85%	16.37%
Net Margin	0.1%	8.24%	9.14%	13.15%	5.54%	8.91%	23.77%	10.77%	3.84%	-0.3%
Debt / Equity	0.32x	0.24x	0.56x	0.28x	0.33x	0.24x	0.07x	0.06x	0.09x	0.11x
Interest Coverage	7.20x	12.81x	12.82x	15.53x	9.68x	23.20x	196.05x	57.36x	11.87x	6.46x
FCF Conversion	162.85x	1.85x	0.43x	1.15x	2.92x	2.26x	0.70x	1.56x	3.70x	-35.51x
Revenue Growth	-9.72%	-8.3%	34.28%	18.09%	-11.02%	-14.3%	84.2%	2.01%	7.28%	0.22%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2024
Hot rolled	3.37B	3.96B	3.28B	-	6.36B	6.99B	7.63B
Hot rolled Growth	-	17.66%	-17.30%	-	-	9.99%	9.19%
Coated	3.39B	3.51B	3.26B	-	5.3B	5.7B	5.89B
Coated Growth	-	3.38%	-6.92%	-	-	7.57%	3.23%
Cold rolled	1.32B	1.26B	1.17B	-	1.99B	1.95B	2.62B
Cold rolled Growth	-	-4.29%	-7.87%	-	-	-1.93%	34.42%
Other products	309.09M	363.83M	302.73M	274M	309.45M	322.96M	757.52M
Other products Growth	-	17.71%	-16.79%	-9.49%	12.93%	4.37%	134.55%
Roll-formed and tubular	472.25M	437.51M	380.69M	413.34M	659.61M	660.83M	620.99M
Roll-formed and tubular Growth	-	-7.36%	-12.99%	8.58%	59.58%	0.18%	-6.03%
Slabs	715.51M	1.82B	1.75B	-	1.3B	640.23M	102.72M
Slabs Growth	-	154.12%	-3.58%	-	-	-50.92%	-83.96%
Total sales	9.7B	11.45B	10.19B	-	16.09B	-	-
Total sales Growth	-	18.09%	-11.02%	-	-	-	-
Semi-finished	123.75M	103.1M	51.5M	3.63M	167.14M	-	-
Semi-finished Growth	-	-16.69%	-50.05%	-92.95%	4501.82%	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2024
MEXICO	5.63B	6.35B	5.48B	4.66B	8.99B	8.95B	8.7B
MEXICO Growth	-	12.72%	-13.67%	-14.92%	92.93%	-0.46%	-2.77%
BRAZIL	-	-	-	-	-	-	4.28B
BRAZIL Growth	-	-	-	-	-	-	-
Southern region	-	1.94B	-	1.76B	3.38B	3.85B	2.42B
Southern region Growth	-	-	-	-	91.61%	14.09%	-37.32%
Brazil and other markets	-	3.17B	-	2.31B	3.72B	3.61B	-
Brazil and other markets Growth	-	-	-	-	60.97%	-2.96%	-

Frequently Asked Questions

Growth & Financials

Ternium S.A. (TX) reported $15.71B in revenue for fiscal year 2024. This represents a 72% increase from $9.16B in 2011.

Ternium S.A. (TX) grew revenue by 0.2% over the past year. Growth has been modest.

Yes, Ternium S.A. (TX) is profitable, generating $583.9M in net income for fiscal year 2024 (-0.3% net margin).

Dividend & Returns

Yes, Ternium S.A. (TX) pays a dividend with a yield of 7.40%. This makes it attractive for income-focused investors.

Ternium S.A. (TX) has a return on equity (ROE) of -0.3%. Negative ROE indicates the company is unprofitable.

Ternium S.A. (TX) had negative free cash flow of $222.2M in fiscal year 2024, likely due to heavy capital investments.