Terex (MEX:TEX) Operating Income: MXN5,985 Mil (TTM As of Mar. 2026)


MEX:TEX Terex Corp MEX:TEX
90 GF Score
Price MXN862.61
GF Value MXN742.81
! 8 Warning Signs
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What is Terex Operating Income?

Terex MEX:TEX 90 Operating Income is MXN5,985 Mil as of Mar. 2026. GuruFocus rates MEX:TEX with a GF Score™ of 90/100 and a GF Value™ of MXN742.81. The stock has 8 warning signs investors should review.

Terex's Operating Income for the three months ended in Mar. 2026 was MXN-1,479 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN5,985 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Terex's Operating Income for the three months ended in Mar. 2026 was MXN-1,479 Mil. Terex's Revenue for the three months ended in Mar. 2026 was MXN31,269 Mil. Therefore, Terex's Operating Margin % for the quarter that ended in Mar. 2026 was -4.73%.

Good Sign:

Terex Corp operating margin is expanding. Margin expansion is usually a good sign.

Terex's 5-Year average Growth Rate for Operating Margin % was 24.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Terex's annualized ROC % for the quarter that ended in Mar. 2026 was -3.58%. Terex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -17.94%.


Terex  (MEX:TEX) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Terex's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-5914.724 * ( 1 - 26.19% )/( (84338.699 + 159859.886)/ 2 )
=-4365.6577844/122099.2925
=-3.58 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=110536.992 - 12297.893 - ( 13900.4 - max(0, 21372.766 - 49065.533+13900.4))
=84338.699

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=183717.148 - 16788.444 - ( 7068.818 - max(0, 31088.375 - 57181.692+7068.818))
=159859.886

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Terex's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-5698.332/( ( (13684.332 + max(13900.401, 0)) + (16860.575 + max(19096.63, 0)) )/ 2 )
=-5698.332/( ( 27584.733 + 35957.205 )/ 2 )
=-5698.332/31770.969
=-17.94 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12820.058 + 19968.321 + 2376.754) - (12297.893 + 0 + 8966.839)
=13900.401

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17491.719 + 29862.151 + 2759.004) - (16788.444 + 3877.031 + 10350.769)
=19096.63

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Terex's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-1478.681/31268.702
=-4.73 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Terex Operating Income Related Terms


Terex Operating Income Historical Data

* Premium members only.

The historical data trend for Terex's Operating Income 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.

Terex Operating Income Chart

Terex Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,728.59 8,188.32 10,812.60 10,970.10 8,552.71

Terex Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income 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 1,411.62 2,428.97 2,568.19 2,466.78 -1,478.68
MEX:TEX
90GF Score
Terex Corp MEX:TEX
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Terex Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN5,985 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN5,985 Mil mean?
Terex (MEX:TEX) has a Operating Income of MXN5,985 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Terex and its competitors.
Is Terex's Operating Income too high?
Terex's current Operating Income is MXN5,985 Mil. Overall, Terex has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Terex's Operating Income compare to AGCO and FSS?
Terex's Operating Income of MXN5,985 Mil can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Farm & Heavy Construction Machinery company?
A good Operating Income depends on the Farm & Heavy Construction Machinery industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Terex and its competitors. Terex's current Operating Income is MXN5,985 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terex stock overvalued right now?
Terex (MEX:TEX) has a current Operating Income of MXN5,985 Mil. The stock's GF Value™ is MXN742.81, compared to a current price of MXN862.61 — trading 16.1% above its estimated fair value. The current Operating Income is MXN5,985 Mil. Terex's overall GF Score™ is 90/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Terex (MEX:TEX), the current Operating Income is MXN5,985 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Terex (MEX:TEX) Overvalued in 2026?

Based on GuruFocus' analysis, Terex stock appears to be overvalued. The current stock price of MXN862.61 is trading 16.1% above its estimated GF Value™ of MXN742.81.

Key valuation signals for MEX:TEX:

  • Operating Income: MXN5,985 Mil
  • GF Value™: MXN742.81 vs. price of MXN862.61 (16.1% above fair value)
  • GF Score™: 90/100 with 8 warning signs

No single metric tells the full story. See the MEX:TEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Terex Business Description

Other Exchanges TEX:USATXG:Germany
Address 301 Merritt 7, 4th Floor, Norwalk, CT, USA, 06851
Terex is a global manufacturer of aerial work platforms, materials processing equipment, and specialty equipment for the waste, recycling, and utility industries. Its current composition is a result of numerous acquisitions over several decades to focus on a smaller group of light construction and other vocational equipment, having divested a handful of underperforming businesses, particularly in cranes and other lifting equipment. These remaining segments see heavy demand in nonresidential construction (aerial work platforms—40% sales), aggregates/mining (materials processing—30% sales), environmental, waste/recycling and utilities (environmental solutions group—30% sales).
90GF Score

Get the complete analysis for MEX:TEX

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN862.61
Price
MXN742.81
GF Value