Terex Corporation (TEX) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Agricultural - Machinery
EV/EBITDA
↓
9.75
+19% vs avg
5yr avg: 8.22
30Y Low5.5·High25.9
P/FCF
↓
12.84
↓-11% vs avg
5yr avg: 14.45
30Y Low3.8·High46.5
P/B Ratio
↓
1.99
↓-10% vs avg
5yr avg: 2.21
30Y Low0.7·High6.9
ROE
↓
11.3%
↑-51% vs avg
5yr avg: 22.9%
30Y Low-23%·High69%
Debt/EBITDA
↑
4.44
↑+60% vs avg
5yr avg: 2.77
30Y Low1.0·High15.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TEX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Terex Corporation trades at 18.9x earnings, 65% above its 5-year average of 11.4x, sitting at the 72nd percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a discount of 26%. On a free-cash-flow basis, the stock trades at 12.8x P/FCF, 11% below the 5-year average of 14.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.1B | $3.5B | $3.1B | $3.9B | $3.0B | $3.1B | $2.4B | $2.1B | $2.1B | $4.6B | $3.4B |
| Enterprise Value | $6.2B | $5.6B | $5.5B | $4.3B | $3.5B | $3.6B | $3.1B | $2.9B | $3.0B | $4.9B | $4.5B |
| P/E Ratio → | 18.87 | 16.03 | 9.32 | 7.60 | 9.89 | 14.32 | 268.38 | 10.20 | 8.78 | 41.21 | — |
| P/S Ratio | 0.76 | 0.65 | 0.61 | 0.76 | 0.67 | 0.80 | 0.80 | 0.49 | 0.47 | 1.21 | 0.77 |
| P/B Ratio | 1.99 | 1.69 | 1.71 | 2.35 | 2.51 | 2.81 | 2.65 | 2.29 | 2.46 | 3.86 | 2.24 |
| P/FCF | 12.84 | 10.99 | 16.53 | 11.82 | 19.56 | 13.33 | 15.20 | 33.15 | — | 41.79 | 11.19 |
| P/OCF | 9.40 | 8.04 | 9.58 | 8.54 | 11.35 | 10.62 | 10.85 | 12.33 | 22.51 | 29.91 | 9.02 |
P/E links to full P/E history page with 30-year chart
TEX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Terex Corporation's enterprise value stands at 9.7x EBITDA, 19% above its 5-year average of 8.2x. The Industrials sector median is 13.8x, placing the stock at a 29% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.03 | 1.06 | 0.83 | 0.80 | 0.93 | 1.00 | 0.67 | 0.66 | 1.30 | 1.02 |
| EV / EBITDA | 9.75 | 8.81 | 8.97 | 6.20 | 7.55 | 9.56 | 25.93 | 7.56 | 6.29 | 16.74 | — |
| EV / EBIT | 12.99 | 11.74 | 10.97 | 6.68 | 8.47 | 11.47 | 39.82 | 8.67 | 8.26 | 21.40 | — |
| EV / FCF | — | 17.32 | 28.86 | 12.94 | 23.25 | 15.48 | 19.03 | 45.11 | — | 45.06 | 14.96 |
TEX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Terex Corporation earns an operating margin of 8.8%, above the Industrials sector average of 4.9%. Operating margins have compressed from 12.4% to 8.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.3% is modest. ROIC of 8.6% represents adequate returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.4% | 19.4% | 20.8% | 22.8% | 19.7% | 19.5% | 17.5% | 20.4% | 21.3% | 20.2% | 17.5% |
| Operating Margin | 8.8% | 8.8% | 10.3% | 12.4% | 9.5% | 8.4% | 2.2% | 7.7% | 9.1% | 6.0% | -3.2% |
| Net Profit Margin | 4.1% | 4.1% | 6.5% | 10.1% | 6.8% | 5.7% | -0.3% | 1.2% | 2.5% | 3.4% | -4.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 11.3% | 19.1% | 36.3% | 26.2% | 21.8% | -1.1% | 6.1% | 11.1% | 9.5% | -10.3% |
| ROA | 3.7% | 3.7% | 7.2% | 15.4% | 10.0% | 7.5% | -0.3% | 1.6% | 3.3% | 3.0% | -3.3% |
| ROIC | 8.6% | 8.6% | 12.7% | 25.2% | 18.8% | 15.6% | 3.2% | 14.7% | 19.0% | 8.1% | -3.6% |
| ROCE | 9.9% | 9.9% | 14.7% | 27.6% | 20.6% | 15.4% | 3.0% | 14.6% | 17.6% | 7.6% | -3.6% |
TEX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Terex Corporation carries a Debt/EBITDA ratio of 4.4x, which is highly leveraged (39% above the sector average of 3.2x). Net debt stands at $2.0B ($2.8B total debt minus $772M cash). Interest coverage of just 2.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.34 | 1.34 | 1.48 | 0.44 | 0.73 | 0.69 | 1.39 | 1.40 | 1.42 | 0.83 | 1.04 |
| Debt / EBITDA | 4.44 | 4.44 | 4.47 | 1.07 | 1.85 | 2.03 | 10.85 | 3.40 | 2.58 | 3.34 | — |
| Net Debt / Equity | — | 0.97 | 1.27 | 0.22 | 0.47 | 0.45 | 0.67 | 0.83 | 0.99 | 0.30 | 0.75 |
| Net Debt / EBITDA | 3.22 | 3.22 | 3.83 | 0.54 | 1.20 | 1.32 | 5.22 | 2.01 | 1.80 | 1.22 | — |
| Debt / FCF | — | 6.33 | 12.33 | 1.12 | 3.70 | 2.14 | 3.83 | 11.96 | — | 3.27 | 3.77 |
| Interest Coverage | 2.68 | 2.68 | 5.58 | 10.16 | 8.47 | 6.12 | 1.17 | 3.82 | 4.92 | 3.42 | -1.65 |
TEX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Terex Corporation's current ratio of 2.30x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.36x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.01x to 2.30x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.30 | 2.30 | 2.16 | 2.01 | 1.96 | 1.94 | 2.60 | 2.32 | 1.99 | 2.30 | 1.92 |
| Quick Ratio | 1.36 | 1.36 | 1.09 | 0.95 | 0.97 | 1.05 | 1.75 | 1.34 | 1.00 | 1.36 | 1.31 |
| Cash Ratio | 0.65 | 0.65 | 0.36 | 0.33 | 0.30 | 0.29 | 0.92 | 0.61 | 0.30 | 0.61 | 0.30 |
| Asset Turnover | — | 0.88 | 0.89 | 1.43 | 1.42 | 1.36 | 1.01 | 1.36 | 1.30 | 1.10 | 0.89 |
| Inventory Turnover | 3.94 | 3.94 | 3.54 | 3.35 | 3.59 | 3.85 | 4.16 | 4.09 | 2.93 | 3.12 | 4.29 |
| Days Sales Outstanding | — | 49.15 | 45.78 | 38.82 | 45.23 | 47.68 | 56.52 | 40.10 | 49.05 | 55.79 | 42.10 |
TEX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Terex Corporation returns 2.4% to shareholders annually — split between a 1.1% dividend yield and 1.4% buyback yield. The payout ratio of 20.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.1% | 1.3% | 1.5% | 1.1% | 1.2% | 1.1% | 0.3% | 1.5% | 1.4% | 0.6% | 0.9% |
| Payout Ratio | 20.4% | 20.4% | 13.7% | 8.3% | 11.9% | 15.2% | — | 57.7% | 26.4% | 22.9% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.3% | 6.2% | 10.7% | 13.2% | 10.1% | 7.0% | 0.4% | 9.8% | 11.4% | 2.4% | — |
| FCF Yield | 7.8% | 9.1% | 6.0% | 8.5% | 5.1% | 7.5% | 6.6% | 3.0% | — | 2.4% | 8.9% |
| Buyback Yield | 1.4% | 1.6% | 1.6% | 1.6% | 3.4% | 0.1% | 2.3% | 0.3% | 20.2% | 20.2% | 2.4% |
| Total Shareholder Yield | 2.4% | 2.9% | 3.0% | 2.7% | 4.6% | 1.2% | 2.6% | 1.8% | 21.6% | 20.9% | 3.3% |
| Shares Outstanding | — | $66M | $68M | $68M | $69M | $71M | $70M | $72M | $77M | $95M | $108M |
Peer Comparison
Compare TEX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TEXYou | $4B | 18.9 | 9.7 | 12.8 | 19.4% | 8.8% | 11.3% | 8.6% | 4.4 |
 MTW | $489M | 68.1 | 8.2 | — | 18.1% | 2.6% | 1.1% | 3.9% | 4.8 |
 AGCO | $9B | 12.1 | 10.1 | 11.5 | 24.8% | 6.9% | 16.9% | 8.3% | 2.6 |
 CNH | $13B | 26.4 | 10.9 | 6.7 | 31.4% | 15.4% | 6.5% | 6.6% | 7.9 |
 OSK | $10B | 15.3 | 8.8 | 15.7 | 16.9% | 9.1% | 14.9% | 14.1% | 0.9 |
 ASTE | $1B | 31.5 | 14.4 | 56.5 | 26.5% | 4.6% | 5.9% | 6.2% | 3.1 |
 CAT | $417B | 47.6 | 33.4 | 40.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 DE | $157B | 31.4 | 20.0 | 48.7 | 36.5% | 18.8% | 19.3% | 7.7% | 6.0 |
 HII | $12B | 20.4 | 15.8 | 15.6 | 12.7% | 4.9% | 12.4% | 6.2% | 3.4 |
 HLIO | $2B | 46.9 | 17.7 | 21.7 | 32.3% | 7.9% | 5.4% | 4.4% | 0.9 |
 URI | $59B | 24.5 | 10.6 | 89.3 | 35.4% | 24.7% | 28.4% | 12.4% | 2.3 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonTEX — Frequently Asked Questions
Quick answers to the most common questions about buying TEX stock.
What is Terex Corporation's P/E ratio?
Terex Corporation's current P/E ratio is 18.9x. The historical average is 20.3x. This places it at the 72th percentile of its historical range.
What is Terex Corporation's EV/EBITDA?
Terex Corporation's current EV/EBITDA is 9.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
What is Terex Corporation's ROE?
Terex Corporation's return on equity (ROE) is 11.3%. The historical average is 15.7%.
Is TEX stock overvalued?
Based on historical data, Terex Corporation is trading at a P/E of 18.9x. This is at the 72th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Terex Corporation's dividend yield?
Terex Corporation's current dividend yield is 1.08% with a payout ratio of 20.4%.
What are Terex Corporation's profit margins?
Terex Corporation has 19.4% gross margin and 8.8% operating margin.
How much debt does Terex Corporation have?
Terex Corporation's Debt/EBITDA ratio is 4.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.