Terex (TEX)
Market Price (2/22/2026): $68.21 | Market Cap: $4.5 BilSector: Industrials | Industry: Construction Machinery & Heavy Transportation Equipment
Terex (TEX)
Market Price (2/22/2026): $68.21Market Cap: $4.5 BilSector: IndustrialsIndustry: Construction Machinery & Heavy Transportation Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0%, FCF Yield is 7.2% | Trading close to highsDist 52W High is -1.9%, Dist 3Y High is -1.9% | Key risksTEX key risks include [1] its significant outstanding debt and associated covenants, Show more. |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, and Sustainable Infrastructure. Themes include Advanced Recycling Technologies, Waste Management Solutions, Show more. | Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -42% | |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.0%, FCF Yield is 7.2% |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, and Sustainable Infrastructure. Themes include Advanced Recycling Technologies, Waste Management Solutions, Show more. |
| Trading close to highsDist 52W High is -1.9%, Dist 3Y High is -1.9% |
| Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -42% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
| Key risksTEX key risks include [1] its significant outstanding debt and associated covenants, Show more. |
Qualitative Assessment
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Terex (TEX) stock has gained about 50% since 10/31/2025 because of the following key factors:
1. Strong Q4 2025 Earnings Report and Optimistic 2026 Outlook. Terex reported its fourth-quarter and full-year 2025 results on February 11, 2026, with adjusted earnings per share (EPS) of $1.12 meeting or slightly exceeding consensus estimates. More significantly, the company provided a robust outlook for 2026, forecasting sales between $7.5 billion and $8.1 billion and EBITDA of $930 million to $1 billion, representing an approximate 12% year-over-year growth at the midpoint. This positive guidance, particularly the substantial increase in projected sales and EBITDA, fueled investor confidence and led to a stock surge of over 15% immediately following the announcement.
2. Strategic Merger with REV Group Completed. Terex successfully completed its merger with REV Group on February 2, 2026, creating a leading specialty equipment manufacturer. This strategic move is anticipated to generate significant synergies, with management expecting to unlock $75 million of run-rate value by 2028, with roughly half of these synergies realized in the first year. The merger is seen as a pivotal step in Terex's transformation into a more diversified and robust company, particularly strengthening its specialty vehicles and environmental solutions segments.
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1. Strong Q4 2025 Earnings Report and Optimistic 2026 Outlook. Terex reported its fourth-quarter and full-year 2025 results on February 11, 2026, with adjusted earnings per share (EPS) of $1.12 meeting or slightly exceeding consensus estimates. More significantly, the company provided a robust outlook for 2026, forecasting sales between $7.5 billion and $8.1 billion and EBITDA of $930 million to $1 billion, representing an approximate 12% year-over-year growth at the midpoint. This positive guidance, particularly the substantial increase in projected sales and EBITDA, fueled investor confidence and led to a stock surge of over 15% immediately following the announcement.
2. Strategic Merger with REV Group Completed. Terex successfully completed its merger with REV Group on February 2, 2026, creating a leading specialty equipment manufacturer. This strategic move is anticipated to generate significant synergies, with management expecting to unlock $75 million of run-rate value by 2028, with roughly half of these synergies realized in the first year. The merger is seen as a pivotal step in Terex's transformation into a more diversified and robust company, particularly strengthening its specialty vehicles and environmental solutions segments.
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Stock Movement Drivers
Fundamental Drivers
The 48.7% change in TEX stock from 10/31/2025 to 2/21/2026 was primarily driven by a 39.7% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.85 | 68.17 | 48.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,344 | 5,421 | 1.4% |
| Net Income Margin (%) | 2.9% | 4.1% | 39.7% |
| P/E Multiple | 19.3 | 20.2 | 4.8% |
| Shares Outstanding (Mil) | 66 | 66 | 0.2% |
| Cumulative Contribution | 48.7% |
Market Drivers
10/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| TEX | 48.7% | |
| Market (SPY) | 1.1% | 36.5% |
| Sector (XLI) | 14.3% | 52.2% |
Fundamental Drivers
The 35.0% change in TEX stock from 7/31/2025 to 2/21/2026 was primarily driven by a 17.7% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 50.49 | 68.17 | 35.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,169 | 5,421 | 4.9% |
| Net Income Margin (%) | 3.5% | 4.1% | 17.7% |
| P/E Multiple | 18.5 | 20.2 | 9.2% |
| Shares Outstanding (Mil) | 66 | 66 | 0.2% |
| Cumulative Contribution | 35.0% |
Market Drivers
7/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| TEX | 35.0% | |
| Market (SPY) | 9.4% | 47.1% |
| Sector (XLI) | 17.1% | 57.0% |
Fundamental Drivers
The 43.9% change in TEX stock from 1/31/2025 to 2/21/2026 was primarily driven by a 196.5% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 47.37 | 68.17 | 43.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,109 | 5,421 | 6.1% |
| Net Income Margin (%) | 9.1% | 4.1% | -55.2% |
| P/E Multiple | 6.8 | 20.2 | 196.5% |
| Shares Outstanding (Mil) | 67 | 66 | 2.1% |
| Cumulative Contribution | 43.9% |
Market Drivers
1/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| TEX | 43.9% | |
| Market (SPY) | 15.6% | 59.8% |
| Sector (XLI) | 29.4% | 66.2% |
Fundamental Drivers
The 39.1% change in TEX stock from 1/31/2023 to 2/21/2026 was primarily driven by a 62.1% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2212026 | Change |
|---|---|---|---|
| Stock Price ($) | 49.02 | 68.17 | 39.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,190 | 5,421 | 29.4% |
| Net Income Margin (%) | 6.4% | 4.1% | -35.9% |
| P/E Multiple | 12.5 | 20.2 | 62.1% |
| Shares Outstanding (Mil) | 68 | 66 | 3.5% |
| Cumulative Contribution | 39.1% |
Market Drivers
1/31/2023 to 2/21/2026| Return | Correlation | |
|---|---|---|
| TEX | 39.1% | |
| Market (SPY) | 75.9% | 52.3% |
| Sector (XLI) | 81.6% | 66.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TEX Return | 27% | -1% | 36% | -19% | 17% | 29% | 110% |
| Peers Return | 16% | 7% | 37% | 29% | 23% | 19% | 223% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 0% | 83% |
Monthly Win Rates [3] | |||||||
| TEX Win Rate | 75% | 33% | 58% | 42% | 58% | 100% | |
| Peers Win Rate | 55% | 45% | 53% | 62% | 58% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TEX Max Drawdown | -1% | -37% | -2% | -21% | -30% | 0% | |
| Peers Max Drawdown | -4% | -23% | -10% | -4% | -25% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CAT, FSS, GBX, CMI, PCAR. See TEX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/20/2026 (YTD)
How Low Can It Go
| Event | TEX | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -50.6% | -25.4% |
| % Gain to Breakeven | 102.6% | 34.1% |
| Time to Breakeven | 228 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -58.7% | -33.9% |
| % Gain to Breakeven | 141.9% | 51.3% |
| Time to Breakeven | 240 days | 148 days |
| 2018 Correction | ||
| % Loss | -53.2% | -19.8% |
| % Gain to Breakeven | 113.9% | 24.7% |
| Time to Breakeven | 574 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -92.0% | -56.8% |
| % Gain to Breakeven | 1143.5% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to CAT, FSS, GBX, CMI, PCAR
In The Past
Terex's stock fell -50.6% during the 2022 Inflation Shock from a high on 5/17/2021. A -50.6% loss requires a 102.6% gain to breakeven.
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About Terex (TEX)
Terex Corporation manufactures and sells aerial work platforms and materials processing machinery worldwide. It operates in two segments, Aerial Work Platforms (AWP) and Materials Processing (MP). The AWP segment designs, manufactures, services, and markets aerial work platform equipment, utility equipment, and telehandlers under the Terex and Genie brands. Its products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, utility equipment, and telehandlers, as well as related components and replacement parts for construction and maintenance of industrial, commercial, institutional, and residential buildings and facilities, utility and telecommunication lines, construction and foundation drilling applications, and other commercial operations, as well as in tree trimming and various infrastructure projects. The MP segment's materials processing and specialty equipment includes crushers, washing systems, screens, trommels, apron feeders, material handlers, pick and carry cranes, rough terrain cranes, tower cranes, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, conveyors, and related components and replacement parts under the Terex, Powerscreen, Fuchs, EvoQuip, Canica, Cedarapids, CBI, Simplicity, Franna, Terex Ecotec, Finlay, Terex Washing Systems, Terex MPS, Terex Jaques, Terex Advance, ProStack, Terex Bid-Well, MDS, and Terex Recycling Systems brands and business lines. Its products are used in construction, infrastructure, and recycling projects; quarrying and mining, and material handling applications; maintenance applications to lift equipment or material; and landscaping and biomass production industries. The company offers financing solutions to assist customers in the rental, leasing, and acquisition of its products. Terex Corporation was incorporated in 1986 and is based in Norwalk, Connecticut.
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The Caterpillar of high-reach access equipment (like boom lifts) and materials processing machinery (crushers and screeners).
A specialized heavy equipment manufacturer, like a John Deere focused on aerial work platforms (Genie lifts) and machinery for crushing rock and aggregates.
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- Aerial Work Platforms (AWP): Manufactures Genie brand equipment such as boom lifts, scissor lifts, telehandlers, and material lifts, designed for safe work at height.
- Materials Processing Equipment (MP): Produces crushers, screens, washing systems, material handlers, and concrete mixer trucks used in aggregates, mining, recycling, and construction.
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Terex (symbol: TEX) primarily sells its equipment and services to other companies rather than individual consumers. Its major customers are diverse and operate across various industrial sectors globally.
Terex's SEC filings (e.g., its 10-K reports) state that no single customer accounted for 10% or more of its consolidated net sales in recent fiscal years. This indicates a diversified customer base, meaning Terex does not publicly disclose specific major customers by name that meet such a revenue threshold. However, based on its business segments and industry channels, its major customers fall into distinct categories, often including large public companies within those categories that are significant purchasers of heavy equipment.
The major customer categories for Terex are:
-
Equipment Rental Companies: These companies are substantial buyers of Terex's equipment, particularly aerial work platforms (Genie brand) and telehandlers, to stock their extensive rental fleets. They then lease this equipment to a wide range of end-users in construction, industrial, and other sectors. Examples of large public companies in this category that are major purchasers of such equipment include:
- United Rentals, Inc. (NYSE: URI)
- Herc Holdings Inc. (NYSE: HRI)
- Ashtead Group plc (LSE: AHT) - parent company of Sunbelt Rentals
- Construction and Infrastructure Contractors: These companies directly purchase Terex's cranes, aerial work platforms, and other heavy machinery for their own projects, including commercial and residential building, road construction, bridge building, and utility infrastructure development.
- Materials Processing, Mining, and Recycling Operations: Businesses involved in quarrying, mining, aggregate production, waste recycling, demolition, and forestry acquire Terex's materials processing equipment (such as crushers, screeners, trommels, and wood chippers) for their industrial operations.
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Simon A. Meester, President and Chief Executive Officer
Simon A. Meester was appointed President and Chief Executive Officer of Terex Corporation, effective January 1, 2024. Prior to this role, he served as President of Aerial Work Platforms since May 2023, President of Genie since August 2021, and Chief Operating Officer of Genie since June 2020. Mr. Meester initially joined Terex in 2018 as Vice President, Global Sales and Marketing Administration for Aerial Work Platforms. Before his tenure at Terex, he was the Vice President and General Manager of the Industrial Control Division at Eaton Corporation. Earlier, Mr. Meester spent 14 years in progressively senior roles at Caterpillar, Inc., before becoming President of Sandvik Mining and Construction in India.
Jennifer Kong-Picarello, Senior Vice President, Chief Financial Officer
Jennifer Kong-Picarello was appointed Senior Vice President, Chief Financial Officer on February 10, 2025. Prior to joining Terex, Ms. Kong-Picarello served as Senior Vice President, Chief Financial Officer of Energy Management, a segment within Schneider Electric, from 2022 to 2025. From 2013 to 2022, she held various finance leadership roles at Honeywell, including Vice President, Chief Financial Officer of Honeywell's Intelligrated division. Ms. Kong-Picarello began her career at Deloitte & Touche.
Patrick Carroll, President, Environmental Solutions
Patrick Carroll was appointed President, Environmental Solutions effective January 1, 2025. He most recently served as President of the Environmental Solutions Group (ESG), which he helped establish at Dover Corporation in 2010 and led for nearly 15 years. Before his work with ESG, Mr. Carroll held various roles at several other organizations.
Kieran Hegarty, President, Materials Processing
Kieran Hegarty has served as President of Terex Materials Processing since March 2010.
Joshua Gross, President, Aerials
Joshua Gross leads the Genie and Terex Utilities global businesses as President, Aerials. He has been with Terex for 21 years.
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Here are the key risks to Terex (symbol: TEX):- Sensitivity to General Economic Conditions and Cyclical Markets: Terex's business performance is highly dependent on global economic conditions and the cyclical nature of the construction and industrial sectors. Economic downturns, recessions, or slowdowns can significantly reduce demand for Terex's products, leading to lower sales and profitability. Changes in government infrastructure spending can also substantially impact demand for construction equipment. Elevated interest rates are also noted as a factor impacting demand for the company's core businesses.
- Financial Risks: The company faces risks related to its capital structure, debt levels, and financial market conditions. High levels of debt can increase interest expenses and reduce financial flexibility, while rising interest rates can further increase borrowing costs and reduce profitability. Terex has a significant amount of outstanding debt and must comply with associated covenants, and its ability to generate sufficient cash flow to service these obligations is a key concern. Its access to capital markets and borrowing capacity could also be limited by changes in market liquidity conditions and credit ratings.
- International Tariffs and Trade Policies: As a global operator, Terex is susceptible to changes in international tariffs and trade policies. The imposition of new or increased tariffs can lead to higher costs, disrupt supply chains, and negatively impact the competitiveness of Terex's products in international markets. These tariffs have been identified as a factor contributing to unfavorable operating profit and affecting earnings per share.
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The addressable markets for Terex's main products are as follows:
- Aerial Work Platforms (AWP): The global aerial work platform market size was valued at USD 17.46 billion in 2022 and is projected to reach USD 33.78 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030. North America held a significant market share of over 38.0% in 2022.
- Materials Processing (MP): The global market for materials processing equipment is estimated at USD 85 billion in 2025 and is projected to exhibit a compound annual growth rate (CAGR) of 5% from 2025 to 2033, reaching approximately USD 120 billion by 2033.
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Terex Corporation (TEX) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market opportunities:
- Strategic Merger with REV Group and Focus on Specialty Equipment: Terex's announced merger with REV Group is a significant driver, aiming to create a U.S.-centric specialty equipment manufacturer. This merger is projected to generate at least $75 million in annual synergies and result in a combined entity with pro forma sales of approximately $5.8 billion. The planned exit from the cyclical Aerial segment will allow the combined company to focus on less cyclical markets, enhancing earnings predictability and targeting a mid-teens adjusted EBITDA profile.
- Expansion in the Environmental Solutions (ES) Segment: The Environmental Solutions segment is a key growth area, demonstrating strong performance with 12.9% sales growth and a 19.1% operating margin in Q2 2025. Terex is well-positioned to benefit from the expanding global waste and garbage collection vehicle market, which is forecast to grow at a 6% Compound Annual Growth Rate (CAGR) from $15 billion to $25 billion between 2025 and 2033. Acquisitions, such as Environmental Solutions Group (ESG), are integral to this growth, contributing to overall sales and operational footprint.
- Investment in Utilities and U.S. Electrical Grid Modernization: Terex is strategically investing in its Utilities segment to capitalize on opportunities arising from the modernization of the U.S. electrical grid. The company is enhancing its manufacturing and service capabilities and focusing on product innovation to meet market demand and improve margins in this sector.
- Geographical Market Expansion: The company is actively pursuing initiatives to strengthen its market presence in new geographical areas. A key focus is on emerging markets, particularly in Asia and Latin America, which are experiencing substantial infrastructure development that drives demand for heavy machinery.
- Product Innovation and Electrification: Terex is committed to expanding its product offerings and driving innovation, including the development and launch of new electric and hybrid models within its Materials Processing segment. This focus on advanced and environmentally friendly equipment is a priority to meet evolving market demands.
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Share Repurchases
- In December 2022, Terex authorized a new share repurchase program of up to $150 million, in addition to approximately $43 million remaining from a previous program.
- In July 2025, the Board authorized a further share repurchase program of up to $150 million.
- Terex completed a $150.28 million share buyback in July 2025.
Share Issuance
- As part of the definitive merger with REV Group announced on October 30, 2025, approximately 48 million shares of Terex common stock are expected to be issued.
Outbound Investments
- On October 8, 2024, Terex completed the acquisition of Environmental Solutions Group (ESG) from Dover Corporation for $2.0 billion in an all-cash transaction, or $1.725 billion net of expected tax benefits.
- On October 30, 2025, Terex and REV Group announced a definitive merger, creating a scaled specialty equipment manufacturer with an implied enterprise value of approximately $9 billion.
- Terex completed the sale of its Tower and Rough Terrain Cranes businesses to Raimondi Cranes SpA on November 3, 2025, aligning with a strategy to reduce cyclicality and accelerate growth.
Capital Expenditures
- Terex expects capital expenditures of approximately $120 million in 2025.
- Capital expenditures were $137 million in 2024, primarily focused on supporting business growth and operational improvements.
- In 2023, capital expenditures were $127 million, following $110 million in 2022 and $59.7 million in 2021.
Latest Trefis Analyses
Trade Ideas
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01302026 | FBIN | Fortune Brands Innovations | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.1% | -5.1% | -5.1% |
| 01302026 | PAYC | Paycom Software | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.0% | -7.0% | -11.9% |
| 01302026 | HTZ | Hertz Global | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 2.9% | 2.9% | 0.0% |
| 01232026 | PAYX | Paychex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.5% | -11.5% | -13.3% |
| 01022026 | CPRT | Copart | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -0.7% | -0.7% | -2.8% |
| 12312024 | TEX | Terex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.2% | 17.3% | -30.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 123.60 |
| Mkt Cap | 37.4 |
| Rev LTM | 17,476 |
| Op Inc LTM | 1,920 |
| FCF LTM | 1,354 |
| FCF 3Y Avg | 1,044 |
| CFO LTM | 2,030 |
| CFO 3Y Avg | 1,716 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.5% |
| Rev Chg 3Y Avg | 5.7% |
| Rev Chg Q | 3.6% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Mgn LTM | 11.4% |
| Op Mgn 3Y Avg | 12.4% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 12.7% |
| CFO/Rev 3Y Avg | 10.3% |
| FCF/Rev LTM | 8.9% |
| FCF/Rev 3Y Avg | 7.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 37.4 |
| P/S | 2.4 |
| P/EBIT | 19.6 |
| P/E | 27.0 |
| P/CFO | 18.5 |
| Total Yield | 5.4% |
| Dividend Yield | 1.1% |
| FCF Yield 3Y Avg | 4.4% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.5% |
| 3M Rtn | 31.5% |
| 6M Rtn | 30.8% |
| 12M Rtn | 43.9% |
| 3Y Rtn | 123.5% |
| 1M Excs Rtn | 8.1% |
| 3M Excs Rtn | 32.4% |
| 6M Excs Rtn | 27.5% |
| 12M Excs Rtn | 22.3% |
| 3Y Excs Rtn | 56.5% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $68.17 | |
| Market Cap ($ Bil) | 4.5 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -1.9% | |
| 50 Days | 200 Days | |
| DMA Price | $58.91 | $51.43 |
| DMA Trend | up | up |
| Distance from DMA | 15.7% | 32.5% |
| 3M | 1YR | |
| Volatility | 52.1% | 51.0% |
| Downside Capture | 45.57 | 157.87 |
| Upside Capture | 293.73 | 182.95 |
| Correlation (SPY) | 40.2% | 60.2% |
TEX Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.06 | 2.27 | 1.64 | 2.22 | 1.61 | 1.55 |
| Up Beta | 2.91 | 2.88 | 1.50 | 2.53 | 1.52 | 1.50 |
| Down Beta | 0.70 | 1.08 | 0.89 | 2.09 | 1.38 | 1.36 |
| Up Capture | 339% | 443% | 304% | 262% | 298% | 430% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 24 | 33 | 64 | 122 | 367 |
| Down Capture | 261% | 178% | 143% | 197% | 142% | 111% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 17 | 28 | 61 | 129 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TEX | |
|---|---|---|---|---|
| TEX | 46.9% | 51.2% | 0.92 | - |
| Sector ETF (XLI) | 29.2% | 19.2% | 1.20 | 66.7% |
| Equity (SPY) | 13.5% | 19.4% | 0.53 | 60.1% |
| Gold (GLD) | 74.5% | 25.6% | 2.15 | 5.1% |
| Commodities (DBC) | 7.2% | 16.9% | 0.25 | 25.8% |
| Real Estate (VNQ) | 7.1% | 16.7% | 0.24 | 38.2% |
| Bitcoin (BTCUSD) | -29.7% | 44.9% | -0.65 | 31.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TEX | |
|---|---|---|---|---|
| TEX | 13.0% | 43.9% | 0.42 | - |
| Sector ETF (XLI) | 16.1% | 17.2% | 0.76 | 71.1% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 57.6% |
| Gold (GLD) | 22.6% | 17.1% | 1.08 | 4.7% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 20.6% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 45.1% |
| Bitcoin (BTCUSD) | 7.4% | 57.1% | 0.35 | 21.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TEX | |
|---|---|---|---|---|
| TEX | 14.4% | 45.2% | 0.46 | - |
| Sector ETF (XLI) | 15.8% | 19.8% | 0.70 | 68.1% |
| Equity (SPY) | 16.1% | 17.9% | 0.77 | 56.7% |
| Gold (GLD) | 14.8% | 15.6% | 0.79 | -1.7% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 26.7% |
| Real Estate (VNQ) | 7.0% | 20.7% | 0.30 | 43.6% |
| Bitcoin (BTCUSD) | 68.0% | 66.7% | 1.07 | 13.2% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/11/2026 | 16.6% | 16.5% | |
| 10/30/2025 | -15.7% | -15.8% | -18.3% |
| 7/31/2025 | 2.1% | -2.4% | 5.1% |
| 5/2/2025 | 9.4% | 11.9% | 21.0% |
| 2/6/2025 | -3.1% | -6.5% | -14.3% |
| 10/30/2024 | -5.0% | -3.6% | 0.3% |
| 7/30/2024 | -3.7% | -16.1% | -15.4% |
| 4/25/2024 | -0.5% | -4.1% | 1.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 14 | 15 |
| # Negative | 15 | 11 | 9 |
| Median Positive | 4.8% | 5.8% | 6.7% |
| Median Negative | -3.7% | -6.2% | -13.8% |
| Max Positive | 16.6% | 16.5% | 27.2% |
| Max Negative | -15.7% | -16.1% | -46.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/09/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/10/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Rush, Andra | Direct | Buy | 11032025 | 46.59 | 2,120 | 98,771 | 1,184,691 | Form | |
| 2 | Posner, Scott | Senior V.P., Gen Counsel Sec. | Direct | Sell | 8132025 | 50.50 | 5,000 | 252,500 | 3,550,554 | Form |
| 3 | Gross, Joshua | President - Aerials | Direct | Sell | 5062025 | 40.75 | 5,389 | 219,602 | 1,579,266 | Form |
| 4 | Carroll, Patrick S | Pres., Environmental Solutions | Direct | Buy | 3102025 | 40.37 | 57 | 2,301 | 2,865,987 | Form |
| 5 | Rush, Andra | Direct | Buy | 3062025 | 36.96 | 1,325 | 48,972 | 861,464 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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