Filing Flows › Terex (TEX) › Q4 2025
Terex (TEX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Terex (TEX) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -5% from the quarter before. Operating margin was 10.4%, net earnings $63.0M (4.8% of revenue).
Terex, Q4 2025: revenue $1.3B (+6% year over year), operating margin 10.4%, net earnings $63.0M, operating cash flow $205M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -5% | +6% |
| Gross profit | $248M | -12% | +26% |
| Operating profit | $137M | -2% | +158% |
| Net earnings | $63.0M | -3% | — |
| Operating cash flow | $205M | +33% | +16% |
| Free cash flow | $171M | +32% | +34% |
What changed
Revenue was $1.3B in Q4 2025, up 6% year over year and down 5% from the previous quarter.
Gross margin was 18.8%, up 2.9 points from a year earlier. Operating profit was $0.14B, a 10.4% margin (up 6.1 points year over year). Of the extra revenue versus a year earlier, 109% reached operating profit, above the 4% margin then. Operating expenses fell 23% while revenue rose 6%. Net earnings were $0.06B. The effective tax rate was 24.1%.
Operating cash flow was $0.20B (up 16% year over year), 325% 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 $0.10B. Capital expenditures of $0.03B left free cash flow of $0.17B.
Questions
What was Terex's revenue in the fourth quarter 2025?
Terex (TEX) reported revenue of $1.3B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -5% from the quarter before.
Was Terex profitable in the fourth quarter 2025?
Operating profit was $137M (10.4% of revenue) and net earnings $63.0M.
Source: Terex 10-K on SEC EDGAR.