Filing Flows › Terex (TEX) › Q3 2025
Terex (TEX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Terex (TEX) reported revenue of $1.4B for the third quarter 2025 (Q3 2025), +14% from a year earlier and -7% from the quarter before. Operating margin was 10.1%, net earnings $65.0M (4.7% of revenue).
Terex, Q3 2025: revenue $1.4B (+14% year over year), operating margin 10.1%, net earnings $65.0M, operating cash flow $154M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -7% | +14% |
| Gross profit | $282M | -3% | +15% |
| Operating profit | $140M | +9% | +15% |
| Net earnings | $65.0M | -10% | -26% |
| Operating cash flow | $154M | +51% | +33% |
| Free cash flow | $130M | +67% | +49% |
What changed
Revenue was $1.4B in Q3 2025, up 14% year over year and down 7% from the previous quarter. Aerial Work Platforms was the largest line at 32% of revenue. Utility Equipment added $0.01B year over year (up 7%), 6% of the total change. Specialty Equipment declined 19%.
Gross margin was 20.3%, up 0.1 points from a year earlier. Operating profit was $0.14B, a 10.1% margin (unchanged year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, above the 10% margin then. Operating expenses grew 15% against revenue growth of 14%. Net earnings were $0.07B, down 26% year over year. The effective tax rate was 30.9%.
Operating cash flow was $0.15B (up 33% year over year), 237% 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 added $0.04B. Capital expenditures of $0.02B left free cash flow of $0.13B.
Questions
What was Terex's revenue in the third quarter 2025?
Terex (TEX) reported revenue of $1.4B for the third quarter 2025 (Q3 2025), +14% from a year earlier and -7% from the quarter before.
Was Terex profitable in the third quarter 2025?
Operating profit was $140M (10.1% of revenue) and net earnings $65.0M.
Source: Terex 10-Q on SEC EDGAR.