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Terex (TEX) Piotroski F-Score : 4 (As of Jul. 03, 2025)


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What is Terex Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Terex has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Terex's Piotroski F-Score or its related term are showing as below:

TEX' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Terex was 8. The lowest was 3. And the median was 6.


Terex Piotroski F-Score Historical Data

The historical data trend for Terex's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Terex Piotroski F-Score Chart

Terex Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 8.00 7.00 8.00 4.00

Terex Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 6.00 5.00 4.00 4.00

Competitive Comparison of Terex's Piotroski F-Score

For the Farm & Heavy Construction Machinery subindustry, Terex's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Terex's Piotroski F-Score Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Terex's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Terex's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 140.7 + 88 + -2 + 21 = $248 Mil.
Cash Flow from Operations was 66.6 + 116.4 + 177 + -21 = $339 Mil.
Revenue was 1381.7 + 1212 + 1241 + 1229 = $5,064 Mil.
Gross Profit was 328.4 + 245 + 197 + 230 = $1,000 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(3759.9 + 3779.5 + 3781 + 5730 + 5840) / 5 = $4578.08 Mil.
Total Assets at the begining of this year (Mar24) was $3,760 Mil.
Long-Term Debt & Capital Lease Obligation was $2,582 Mil.
Total Current Assets was $2,436 Mil.
Total Current Liabilities was $1,153 Mil.
Net Income was 159.4 + 119 + 127 + 109 = $514 Mil.

Revenue was 1403.1 + 1290 + 1223 + 1292 = $5,208 Mil.
Gross Profit was 342.9 + 292 + 263 + 297 = $1,195 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(3281.2 + 3415.2 + 3461.1 + 3615 + 3759.9) / 5 = $3506.48 Mil.
Total Assets at the begining of last year (Mar23) was $3,281 Mil.
Long-Term Debt & Capital Lease Obligation was $721 Mil.
Total Current Assets was $2,390 Mil.
Total Current Liabilities was $1,105 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Terex's current Net Income (TTM) was 248. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Terex's current Cash Flow from Operations (TTM) was 339. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=247.7/3759.9
=0.06587941

ROA (Last Year)=Net Income/Total Assets (Mar23)
=514.4/3281.2
=0.15677191

Terex's return on assets of this year was 0.06587941. Terex's return on assets of last year was 0.15677191. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Terex's current Net Income (TTM) was 248. Terex's current Cash Flow from Operations (TTM) was 339. ==> 339 > 248 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2582/4578.08
=0.56399189

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=720.9/3506.48
=0.20559079

Terex's gearing of this year was 0.56399189. Terex's gearing of last year was 0.20559079. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=2436/1153
=2.11274935

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=2389.6/1105.2
=2.1621426

Terex's current ratio of this year was 2.11274935. Terex's current ratio of last year was 2.1621426. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Terex's number of shares in issue this year was 66.9. Terex's number of shares in issue last year was 67.9. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1000.4/5063.7
=0.19756305

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1194.9/5208.1
=0.22943108

Terex's gross margin of this year was 0.19756305. Terex's gross margin of last year was 0.22943108. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=5063.7/3759.9
=1.34676454

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=5208.1/3281.2
=1.58725466

Terex's asset turnover of this year was 1.34676454. Terex's asset turnover of last year was 1.58725466. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+0+1+0+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Terex has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Terex  (NYSE:TEX) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Terex Piotroski F-Score Related Terms

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Terex Business Description

Traded in Other Exchanges
Address
301 Merritt 7, 4th Floor, Norwalk, CT, USA, 06850
Terex Corp is a manufacturer of materials processing machinery, waste and recycling solutions, mobile elevating work platforms (MEWPs), and equipment for the electric utility industry. The company designs builds, and supports products used in maintenance, manufacturing, energy, waste and recycling, minerals and materials management, construction, and the entertainment industry. The products are manufactured in North America, Europe, and Asia Pacific and sold all over the world. The company reports business in the following segments: (i) Materials Processing, (ii) Aerial Work Platforms, and (iii) Environmental Solutions Group.
Executives
Andra Rush director C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
David A Sachs director C/O TEREX CORP, 200 NYALA FARM ROAD, WESTPORT CT 06880
Simon Meester officer: President - Genie C/O TEREX CORP, 45 GLOVER AVENUE, 4TH FLOOR, NORWALK CT 06850
Kieran Hegarty officer: President, Materials Processin C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Scott Posner officer: Senior V.P., Gen Counsel Sec. C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Stephen Johnston officer: Chief Accounting Officer C/O TEREX CORP, 200 NYALA FARM ROAD, WESTPOT CT 06880
Amy George officer: Senior V.P. Human Resources C/O TEREX CORPORATION, 200 NYALA FARMS ROAD, WESTPORT CT 06880
Garrison John L Jr officer: CEO AND PRESIDENT C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Julie A Beck officer: Senior Vice President, Finance ONE INVACARE WAY, ELYRIA OH 44035
Oluseun Salami director C/O TEREX CORPORATION, 45 GLOVER AVENUE, NORWALK CT 06850
Paula H Cholmondeley director 221 W PHILADELPHIA ST, SUITE 60W, YORK PA 17401-2991
John D Sheehan officer: Senior Vice President, CFO 5725 DELPHI DRIVE, TROY MI 48098
Mark I Clair officer: VP Controller & CAO C/O HEXCEL CORPORATION, 281 TRESSER BOULEVARD, STAMFORD CT 06901
Christopher Rossi director C/O KENNAMETAL INC., 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
Matthew Fearon officer: President Terex AWP C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880