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Terex (TEX) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Terex (TEX) Q3 2026 earnings results →

Q3 2026 Revenue up 58% year over year to $2.2B · 5¢ of every $1 of revenue kept as net profit · operating margin 8.3%

Terex made $2.2B in Q3 2026 (+58% Y/Y). Operating margin 8.3%, net earnings $114M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$2.2B

Year over year+58%

Operating margin8.3%

Net earnings$114M

Operating cash flow$241M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $2.2B in Q3 2026, up 58% year over year and down 2% from the previous quarter.

Gross margin was 19.8%, down 1.8 points from Q3 2025. Operating profit was $0.18B, a 8.3% margin (down 1.8 points year over year). Of the extra revenue versus Q3 2025, 5% reached operating profit, below the 10% margin then. Operating expenses grew 58% against revenue growth of 58%. The fastest-growing cost line was Other operating costs (+212%). Net earnings were $0.11B, up 75% year over year. The effective tax rate was 15.6%.

Operating cash flow was $0.24B (up 56% year over year), 211% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.03B. After capital expenditures, net of proceeds from sale of capital assets ($0.03B), free cash flow as the company reports it was $0.21B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Oct 29, 2026	$2.2B	+58%	8.3%	$114M	$241M
Q2 2026	10-Q	Jul 30, 2026	$2.2B	+50%	8.4%	$110M	$128M
Q1 2026	10-Q	May 1, 2026	$1.7B	+41%	-4.7%	−$89.0M	−$31.0M
Q4 2025	10-K	Feb 13, 2026	$1.3B	+6%	10.4%	$63.0M	$205M
Q3 2025	10-Q	Oct 31, 2025	$1.4B	+14%	10.1%	$65.0M	$154M
Q2 2025	10-Q	Jul 31, 2025	$1.5B	+8%	8.7%	$72.0M	$102M
Q1 2025	10-Q	May 2, 2025	$1.2B	-5%	5.6%	$21.0M	−$21.0M

Charts

Latest (Q3 2026): Y/Y +58%, Q/Q -2%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $114M, Operating cash flow $241M.

-5.4% since FY2020: buybacks shrank the count.

Cash $772M, short-term investments —, long-term debt $2.6B at 2025-12-31.