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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:ResearchAndDevelopmentExpense.

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

Research and Development Costs. Research and development costs are expensed as incurred. Such costs incurred in the development of new products or significant improvements to existing products are included in SG&A. Research and development costs were $39 million, $25 million and $28 million during 2025, 2024 and 2023, respectively.

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Terex's R&D?
Terex (TEX) reported R&D of $9.75M in Q4 2025.
How has Terex's R&D changed year-over-year?
Terex's R&D increased by 56.0% year-over-year, from $6.25M to $9.75M.
What is the long-term trend for Terex's R&D?
Over 4 years (2021 to 2025), Terex's R&D has grown at a -7.0% compound annual growth rate (CAGR), from $52.2M to $39M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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