Filing Flows › Terex (TEX) › Q2 2025
Terex (TEX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Terex (TEX) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), +8% from a year earlier and +21% from the quarter before. Operating margin was 8.7%, net earnings $72.0M (4.8% of revenue).
Terex, Q2 2025: revenue $1.5B (+8% year over year), operating margin 8.7%, net earnings $72.0M, operating cash flow $102M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +21% | +8% |
| Gross profit | $291M | +27% | -12% |
| Operating profit | $129M | +87% | -33% |
| Net earnings | $72.0M | +243% | -49% |
| Operating cash flow | $102M | — | +52% |
| Free cash flow | $78.0M | — | +81% |
What changed
Revenue was $1.5B in Q2 2025, up 8% year over year and up 21% from the previous quarter. Aerial Work Platforms was the largest line at 34% of revenue. Other added $0.02B year over year (up 21%), 21% of the total change. Aerial Work Platforms declined 20%.
Gross margin was 19.6%, down 4.2 points from a year earlier. Operating profit was $0.13B, a 8.7% margin (down 5.3 points year over year). Operating profit fell $0.06B even though revenue rose $0.10B versus a year earlier, so costs grew faster than sales. Operating expenses grew 19% against revenue growth of 8%. Net earnings were $0.07B, down 49% year over year. The effective tax rate was 19.1%.
Operating cash flow was $0.10B (up 52% year over year), 142% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.02B left free cash flow of $0.08B.
Questions
What was Terex's revenue in the second quarter 2025?
Terex (TEX) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), +8% from a year earlier and +21% from the quarter before.
Was Terex profitable in the second quarter 2025?
Operating profit was $129M (8.7% of revenue) and net earnings $72.0M.
Source: Terex 10-Q on SEC EDGAR.