Terex Reports $5.4B 2025 Sales, 32% Q4 Booking Growth and Raises Dividend
Terex reported full-year 2025 sales of $5.4B (up 5.7%), operating margin of 8.8% and free cash flow of $325M, while Q4 bookings rose 32% to $1.9B. The Board declared a $0.17 per share quarterly dividend payable March 19 and issued 2026 guidance of $7.5–8.1B in sales with $930M–$1B EBITDA.
1. Q4 and Full-Year 2025 Financial Results
Terex reported full-year 2025 net sales of $5.4B, up 5.7% year-over-year, with an operating margin of 8.8% (10.4% adjusted) and free cash flow of $325M (147% cash conversion). Fourth-quarter bookings jumped 32% to $1.9B, delivering a pro forma book-to-bill ratio of 145%. The company forecasts 2026 sales of $7.5–8.1B and EBITDA of $930M–$1.0B, reflecting 12% year-over-year growth at the midpoint.
2. Quarterly Dividend Declaration
The Board of Directors declared a quarterly dividend of $0.17 per share, payable March 19, 2026, to shareholders of record as of March 6, 2026.