Terex (TEX) Operating Margin (2009 - 2026)

Terex (TEX) reported Operating Margin of 4.73% for Q1 2026, down 1034.0% on a YoY basis from 0.51% in Q1 2025, and down 145.49% quarter-over-quarter from 10.39% in Q4 2025.

Terex (TEX) Operating Margin (2009 - 2026) Analysis & Trends

Terex has reported Operating Margin for 18 years, with the latest figure at 4.73% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin fell 1034.0% year-over-year to 4.73%; the trailing twelve-month figure through Mar 2026 stood at 5.47% (down 316.0% YoY), and the FY2025 full-year result was 8.76%, down 150.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 4.73%, down from 10.39% in the prior quarter.
  • The five-year high for Operating Margin was 14.96% in Q2 2023, with the low at 4.73% in Q1 2026.
  • Historically, Operating Margin has averaged 9.26% across 5 years, with a median of 10.07% in 2024.
  • Annual changes were most pronounced in 2025 — Operating Margin surged 612 bps — and 2026, when it sank 1034 bps.
  • Terex's Operating Margin stood at 9.92% in 2022, then declined by 4 bps to 9.48% in 2023, then tumbled by 55 bps to 4.27% in 2024, then surged by 143 bps to 10.39% in 2025, then sank by 145 bps to 4.73% in 2026.
  • The last three Operating Margin figures came in at 4.73% (Q1 2026), 10.39% (Q4 2025), and 10.09% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Caterpillar 424.10 Bn 420.03 Bn 6.11 Bn 17.71%
2 Deere 156.25 Bn 148.36 Bn 13.06 Bn 16.73%
3 Paccar 63.14 Bn 62.45 Bn 1.36 Bn -63.36%
4 Oshkosh 8.32 Bn 8.07 Bn 311.90 Mn 3.54%
5 Terex 6.12 Bn 5.73 Bn 206.00 Mn -4.73%
6 Blue Bird 2.24 Bn 1.97 Bn 70.65 Mn 11.09%
7 Alamo 1.85 Bn 1.65 Bn 104.81 Mn 10.11%
8 Lindsay 1.21 Bn 1.02 Bn 42.35 Mn 8.41%
9 Astec Industries 1.18 Bn 1.11 Bn 99.10 Mn 2.27%
10 Hyster-Yale 619.64 Mn 623.94 Mn 124.80 Mn -3.52%

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.73%
Dec 31, 2025 10.39%
Sep 30, 2025 10.09%
Jun 30, 2025 8.68%
Mar 31, 2025 5.61%
Dec 31, 2024 4.27%
Sep 30, 2024 10.07%
Jun 30, 2024 13.97%
Mar 31, 2024 12.23%
Dec 31, 2023 9.48%
Sep 30, 2023 12.64%
Jun 30, 2023 14.96%
Mar 31, 2023 11.95%
Dec 31, 2022 9.92%
Sep 30, 2022 10.78%
Jun 30, 2022 9.65%
Mar 31, 2022 7.43%
Dec 31, 2021 7.05%
Sep 30, 2021 7.47%
Jun 30, 2021 11.79%