Terex (TEX) Operating Margin (2009 - 2026)
Terex's (TEX) quarterly Operating Margin came in at 8.36% in Q2 2026, down 32.0% YoY from 12.29% in Q2 2025, and up 276.69% on a QoQ basis from 4.73% in Q1 2026.
Terex (TEX) Operating Margin (2009 - 2026) Analysis & Trends
Terex (TEX) has 18 years of Operating Margin data on file, last reported at 8.36% in Q2 2026.
- Quarterly Operating Margin fell 32.0% year-over-year to 8.36% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 5.72% (down 149.0% YoY) and the FY2025 annual result came in at 8.76%, down 150.0% from the prior year.
- Operating Margin improved to 8.36% in Q2 2026, from 4.73% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 14.96% in Q2 2023 to a low of 4.73% in Q1 2026.
- A 5-year average of 9.21% and a median of 9.99% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2025 — Operating Margin surged 612 bps — and 2026, when it sank 1034 bps.
- Tracing TEX's Operating Margin over 5 years: 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 declined by 20 bps to 8.36% in 2026.
- The last three Operating Margin figures came in at 8.36% (Q2 2026), 4.73% (Q1 2026), and 10.39% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 391.11 Bn | 384.39 Bn | 7.76 Bn | 20.91% |
| 2 | Deere | 166.52 Bn | 158.61 Bn | 13.06 Bn | 1.88% |
| 3 | Paccar | 69.52 Bn | 60.85 Bn | 1.56 Bn | -61.85% |
| 4 | CNH Industrial | 13.35 Bn | 11.48 Bn | 1.41 Bn | 13.66% |
| 5 | Oshkosh | 9.81 Bn | 9.40 Bn | 480.30 Mn | 8.34% |
| 6 | Terex | 7.69 Bn | 7.28 Bn | 444.00 Mn | 8.36% |
| 7 | Agco | 7.22 Bn | 6.65 Bn | 645.90 Mn | 5.39% |
| 8 | Blue Bird | 2.25 Bn | 2.13 Bn | 103.37 Mn | 12.12% |
| 9 | Alamo | 2.08 Bn | 1.88 Bn | 110.86 Mn | 10.15% |
| 10 | Lindsay | 1.19 Bn | 1.04 Bn | 47.83 Mn | 11.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.36% |
| 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% |