Terex Corporation
terex.comWhat Do They Do?
Builds construction and utility machinery, waste and recycling equipment, and specialty vehicles for industrial and public-service customers.
10-K for FY2025, filed Feb 13, 2026Our Company was incorporated in Delaware in October 1986 as Terex U.S.A., Inc. Since that time, we have changed significantly, and much of…View ↗
Our ES segment designs, manufactures, services and markets waste, recycling and utility equipment and solutions, including refuse…View ↗
Our MP segment designs, manufactures, services and markets materials processing and specialty equipment, including crushers, washing…View ↗
On February 2, 2026, we completed the merger with REV in accordance with the terms of the Agreement and Plan of Merger (the “REV…View ↗
UTILITY EQUIPMENT. Our utility products include digger derricks and insulated aerial devices. These products are used by electric…View ↗
How Do They Make Money?
Terex sells machines, parts and extended warranties and performs service work; product and service payments are typically due 30 or 60 days after delivery or service completion. Extended-warranty income is earned over the coverage period.
10-K for FY2025, filed Feb 13, 2026The Company generates revenue through the sale of machines, parts and service, and extended warranties. Revenue from product sales is…View ↗
Revenue from extended warranties is recognized over time on a straight line basis because the customer benefits evenly from the extended…View ↗
Our ES segment designs, manufactures, services and markets waste, recycling and utility equipment and solutions, including refuse…View ↗
Our MP segment designs, manufactures, services and markets materials processing and specialty equipment, including crushers, washing…View ↗
Our Aerials segment designs, manufactures, services and markets aerial work platform equipment and telehandlers as well as their related…View ↗
-
10-K for FY2025, filed Feb 13, 2026
FY2025 revenue by product or service ↗
$5.4B
-
10-K for FY2025, filed Feb 13, 2026
$5.4B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Aerials
Sold outright
10-K for FY2025, filed Feb 13, 2026 |
32%
FY2022: 41%
|
Aerials, FY2025
$1.7B Sources
|
Sold outright |
|
Materials Processing Equipment
Sold outright
10-K for FY2025, filed Feb 13, 2026 |
20%
FY2022: 26%
|
Materials Processing Equipment, FY2025
$1.1B Sources
|
Sold outright |
|
Specialty Equipment
Sold outright
10-K for FY2025, filed Feb 13, 2026 |
11%
FY2022: 18%
|
Specialty Equipment, FY2025
$605M Sources
|
Sold outright |
|
Environmental Solutions Equipment
Sold outright
10-K for FY2025, filed Feb 13, 2026 |
29%
FY2022: 11%
|
Environmental Solutions Equipment, FY2025
$1.6B Sources
|
Sold outright |
|
Other
|
7.9%
FY2022: 4.8%
|
Other, FY2025
$427M Sources
|
Who Are Their Customers?
Customers include waste and recycling businesses, utilities and contractors, and buyers of equipment for construction and other commercial uses. Terex sells through independent distributors and rental companies, as well as directly; aerial equipment mainly goes through rental companies and distributors.
10-K for FY2025, filed Feb 13, 2026Our ES segment designs, manufactures, services and markets waste, recycling and utility equipment and solutions, including refuse…View ↗
Our MP segment designs, manufactures, services and markets materials processing and specialty equipment, including crushers, washing…View ↗
Our Aerials segment designs, manufactures, services and markets aerial work platform equipment and telehandlers as well as their related…View ↗
We distribute our ESG products to customers through several channels including a network of independent distributors, direct sales and…View ↗
Our utility products are distributed to the utility and municipal markets and contractors in North America principally through a network of…View ↗
Our aerial work platform and telehandler products are distributed principally through a global network of rental companies and independent…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2025 and turned 6 cents into free cash flow.
How Are They Changing?
-
Jul 30, 2026
Raised its full-year sales and earnings outlook
The forecast calls for sales of $7.9 to $8.2 billion for 2026.
Sources
8-K, filed Jul 30, 2026
Sales of $2.2 billion, up 50.5% on a reported basis, pro forma sales up 8.5% Net income of $110 million, adjusted1 net income of $156…View ↗
Growing. Revenue grew 39% in 4 years, from $3.9B in FY2021 to $5.4B in FY2025, about 9% a year.
Environmental Solutions segment
Utility and waste/recycling equipment are described under Environmental Solutions, separate from Aerials, which covers work platforms and telehandlers; the older report grouped utility equipment with aerial work platforms.
10-K for FY2022, filed Feb 10, 2023 10-K for FY2025, filed Feb 13, 2026We identify our operating segments according to how business activities are managed and evaluated. We report our business in the following…View ↗
Our ES segment designs, manufactures, services and markets waste, recycling and utility equipment and solutions, including refuse…View ↗
Our Aerials segment designs, manufactures, services and markets aerial work platform equipment and telehandlers as well as their related…View ↗
Crane businesses divested
The older materials-processing product list included tower and rough-terrain cranes; the latest report says Terex completed their divestiture.
10-K for FY2022, filed Feb 10, 2023 10-K for FY2025, filed Feb 13, 2026Our MP segment designs, manufactures, services and markets materials processing and specialty equipment, including crushers, washing…View ↗
We remain focused on executing our strategic priorities by investing to expand our presence in resilient and profitable end markets. As…View ↗
Added specialty vehicles
The portfolio added REV's customized vehicles for emergency, commercial and recreational uses, beyond the machinery businesses listed in the older report.
10-K for FY2022, filed Feb 10, 2023 10-K for FY2025, filed Feb 13, 2026On February 2, 2026, we completed the merger with REV in accordance with the terms of the Agreement and Plan of Merger (the “REV…View ↗
Who Do They Compete With?
Competes with Labrie, Federal Signal, Oshkosh, Cram-A-Lot, Samsara, Altec, Palfinger, Astec Industries, Deere, Metso, Sandvik, Vermeer, Caterpillar, Liebherr, Tomra, Haulotte, JCB, Linamar, Manitou, and XCMG
10-K for FY2025, filed Feb 13, 2026Labrie, Federal Signal (New Way), Oshkosh (McNeilus)View ↗
Loading...
