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Terex TEX Net Operating Loss Carryforwards

Net Operating Loss Carryforwards at other companies

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CaterpillarCAT
$1.3B-3.6%
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Otis WorldwideOTIS
$974M+13.8%

Other financials

Income statement

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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

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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

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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$7.55B+137%
Enterprise value$9.92B+83.5%
P/E68×+50.4×
P/S1.3×+0.7×

Profitability

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Gross margin17.3%-2.8pp
Operating margin5.5%-3.2pp
Net margin1.9%-3.1pp
FCF margin5.4%+1.5pp

Returns & leverage

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Return on equity3.3%-10.7pp
Debt / equity0.6×-0.8×
Current ratio1.8×-0.3×

Where this comes from

Reported directly by Terex in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The source filing: Terex’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 3:50 PM EST
Fiscal year
FY2025
Accession
0000097216-26-000035

At December 31, 2025, the Company has state net operating loss carry forward deferred tax assets of $36 million available to reduce future taxable income and income taxes in various states, substantially all of which is offset by valuation allowances and the majority will expire at various dates through 2045. The Company has approximately $558 million of foreign operating loss carry forwards. The following operating loss carry forwards are not offset by valuation allowances and do not expire: $299 million in Germany, $159 million in Italy and $29 million in Spain. The majority of the remaining operating loss carry forwards of $71 million are not offset by valuation allowances and do not expire. Also, the Company has an Indian capital loss carry forward of $3 million expiring in 2026 and an Australian capital loss carry forward of $9 million which does not expire; both are offset by valuation allowances. The Company does not have any material tax credit carry forwards.

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Terex's net operating loss carryforwards?
Terex (TEX) reported net operating loss carryforwards of $558M in Q4 2025.
How has Terex's net operating loss carryforwards changed year-over-year?
Terex's net operating loss carryforwards increased by 21.3% year-over-year, from $460M to $558M.
What is the long-term trend for Terex's net operating loss carryforwards?
Over 5 years (2020 to 2025), Terex's net operating loss carryforwards has grown at a -1.5% compound annual growth rate (CAGR), from $601M to $558M.
What does net operating loss carryforwards mean?
These are tax assets representing losses that can be used to reduce taxable income in future periods. They provide a potential future tax shield, improving cash flow by lowering future tax payments. Investors monitor these to estimate the duration and magnitude of potential tax savings.

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