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Terex TEX Variable Lease Cost

Discontinued — last reported Q4 '25

Variable Lease Cost at other companies

Carnival Corporation logo
Carnival CorporationCCL
$52.25M-0.9%
Devon Energy logo
Devon EnergyDVN
$0
Evercore logo
EvercoreEVR
$6.09M+107%
Plexus logo
PlexusPLXS
$906K-40.4%
Medline, Inc.
 logo
Medline, Inc. MDLN
$500K0.0%
Jones Lang LaSalle logo
Jones Lang LaSalleJLL
$12.45M-1.0%

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$7.63B+168%
Enterprise value$10B+89.5%
P/E68.8×+57.4×
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:VariableLeaseCost.

The official record: Terex’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Terex's variable lease cost?
Terex (TEX) reported variable lease cost of $2M in Q4 2025.
How has Terex's variable lease cost changed year-over-year?
Terex's variable lease cost increased by 33.3% year-over-year, from $1.5M to $2M.
What is the long-term trend for Terex's variable lease cost?
Over 4 years (2021 to 2025), Terex's variable lease cost has grown at a 18.2% compound annual growth rate (CAGR), from $4.1M to $8M.
What does variable lease cost mean?
Lease costs that fluctuate based on usage or external indices rather than fixed payments.
How do you interpret variable lease cost?
An increase may indicate higher utilization of leased assets or rising costs linked to inflation-indexed leases.
How does variable lease cost compare across companies?
Common in capital-intensive industries; peers with high variable lease costs may have more flexible but potentially higher-cost operating structures.