What is Terex's net debt?

Terex (TEX) reported net debt of $2.37B in Q1 2026.

How has Terex's net debt changed year-over-year?

Terex's net debt increased by 3.6% year-over-year, from $2.29B to $2.37B.

What is the long-term trend for Terex's net debt?

Over 5 years (2020 to 2025), Terex's net debt has grown at a 25.5% compound annual growth rate (CAGR), from $628.5M to $1.96B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Terex TEX Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cleveland-CliffsCLF

40×—

Armstrong World IndustriesAWI

0.9×-0.1×

LAD

Lithia MotorsLAD

0.4×0.0×

Albertsons CompaniesACI

4.1×+0.4×

Karman Holdings Inc.KRMN

5.9×+2.7×

Pilgrim's Pride CorporationPPC

1.5×+0.9×

Other financials

Income statement

See full

Revenue$1.7B+41.1%

Gross profit$206.0M-16.6%

Operating income-$82.0M-219%

Net income-$89.0M-524%

EPS (diluted)-$0.93-400%

Balance sheet

See full

Cash & equivalents$392.0M+31.5%

Total debt$2.8B+6.8%

Total equity$4.8B+161%

Total assets$10.2B+74.5%

Cash flow

See full

Operating cash flow-$31.0M-47.6%

CapEx$26.0M-27.8%

Free cash flow-$57.0M0.0%

Valuation

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Market cap$7.63B+168%

Enterprise value$10B+89.5%

P/E68.8×+57.4×

P/S1.3×+0.7×

Profitability

See full

Gross margin17.3%-2.8pp

Operating margin5.5%-3.2pp

Net margin1.9%-3.1pp

FCF margin5.4%+1.5pp

Returns & leverage

See full

Return on equity3.3%-10.7pp

Debt / equity0.6×-0.8×

Current ratio1.8×-0.3×

Where this comes from

Calculated from Terex’s reported figures.

$2.8Btotal debt−$392.0Mcash and equivalents=$2.37B

The official record: Terex’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Terex's net debt?: Terex (TEX) reported net debt of $2.37B in Q1 2026.
How has Terex's net debt changed year-over-year?: Terex's net debt increased by 3.6% year-over-year, from $2.29B to $2.37B.
What is the long-term trend for Terex's net debt?: Over 5 years (2020 to 2025), Terex's net debt has grown at a 25.5% compound annual growth rate (CAGR), from $628.5M to $1.96B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.