Ternium S.A. Sponsored ADR (TX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$1.15	$1.15	0.0%	—	$3.9B	—
Q4 25	$0.77	$0.84	+9.1%	—	$3.8B	—
Q3 25	$0.95	$0.23	-75.8%	—	$4B	—
Q2 25	$0.81	$1.28	+58.0%	—	$3.9B	—
Q1 25	$0.65	$0.55	-15.4%	—	$3.9B	—
Q4 24	$0.41	-$0.42	-202.4%	—	$3.9B	—
Q3 24	$0.12	$0.16	+33.3%	—	$4.5B	—
Q2 24	$1.62	$0.28	-82.7%	—	$4.5B	—
Q1 24	$1.52	$1.84	+21.1%	—	$4.8B	—
Q4 23	$1.32	$2.11	+59.8%	—	$4.9B	—
Q3 23	$1.56	$1.38	-11.5%	—	$5.2B	—
Q2 23	$1.95	$3.19	+63.6%	—	$3.9B	—
Q1 23	$0.94	$1.91	+103.2%	—	$3.6B	—
Q4 22	$0.29	$0.2	-31.0%	—	$3.5B	—
Q3 22	$1.95	$0.78	-60.0%	—	$4.1B	—
Q2 22	$3.59	$4.07	+13.4%	—	$4.4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.2	—	—	$15.6B	—
FY24	—	-$0.3	—	—	$17.6B	—
FY23	—	$3.4	—	—	$17.6B	—
FY22	—	$9	—	—	$16.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$7.2B	$9.7B	$11.5B	$10.2B	$8.7B	$16.1B	$16.4B	$17.6B	$17.6B	$15.6B
YoY change	-8.3%	+34.3%	+18.1%	-11%	-14.3%	+84.2%	+2.01%	+7.28%	+0.22%	-11.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	7.2B	9.7B	11.5B	10.2B	8.7B	16.1B	16.4B	17.6B	17.6B	15.6B
Cost of revenue	5.4B	7.4B	8.5B	8.5B	7.1B	9.9B	12.5B	14.1B	14.8B	13.3B
Gross profit	1.8B	2.3B	3B	1.7B	1.6B	6.2B	3.9B	3.6B	2.9B	2.4B
Gross margin	25.5%	23.7%	25.9%	17.1%	18.7%	38.5%	23.9%	20.2%	16.4%	15.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	542.4M	629.1M	667.6M	654.5M	572.1M	729M	924.6M	1.1B	1.4B	1.4B
Operating expenses	550.6M	642.6M	661.5M	634.8M	364.6M	691.7M	910.7M	1.1B	1.4B	1.4B
Operating income	1.1B	1.5B	2.1B	862.6M	1.1B	5.3B	2.8B	2.2B	1.2B	723.7M
Operating margin	15.8%	15%	18.3%	8.46%	12.4%	32.8%	17%	12.4%	7%	4.64%
Non-operating income, net	52.6M	2.9M	-166.5M	-84.8M	78.3M	429.5M	-148.4M	-943.6M	-550.5M	-38.2M
Pretax income	1.1B	1.4B	2B	826.6M	1.2B	5.8B	2.7B	1.3B	728M	648.2M
Income tax	411.5M	336.9M	369.4M	196.5M	291.5M	1.4B	573.7M	334.4M	554.2M	345.1M
Net income	706.9M	1B	1.7B	630M	867.9M	4.4B	2.1B	986.4M	173.8M	303.1M
Net margin	9.79%	10.5%	14.5%	6.18%	9.94%	27.1%	12.7%	5.6%	0.98%	1.94%
EBITDA	1.6B	2B	3B	1.7B	1.8B	6.4B	3.5B	3.2B	2.3B	1.8B
EPS	3	4.5	7.7	2.9	4	19.5	9	3.4	-0.3	2.2
Diluted EPS	3	4.5	7.7	2.9	4	19.5	9	3.4	-0.3	2.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	5.2B	4.9B	4.8B	4.5B	4.5B	3.9B	3.9B	3.9B	4B	3.8B	3.9B	4.3B
Cost of revenue	4.2B	4B	3.7B	3.8B	3.9B	3.4B	3.4B	3.3B	3.3B	3.2B	3.2B	3.4B
Gross profit	993M	892.2M	1.1B	756.6M	578.4M	450.2M	531M	610.1M	608.4M	603.7M	686.9M	941M
Gross margin	19.2%	18.1%	23.1%	16.8%	12.9%	11.6%	13.5%	15.5%	15.4%	16%	17.5%	21.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	443M	271M	375.8M	434.6M	412M	311.3M	338.5M	402.9M	396.3M	342.4M	331.9M	427.8M
Operating expenses	465M	276.1M	373.3M	386.1M	402.9M	374.2M	341.5M	410.8M	393M	362.7M	338.5M	412.6M
Operating income	528M	564.2M	674.9M	370.5M	175.5M	14.4M	131.8M	199.2M	215.4M	177.3M	290.1M	528.4M
Operating margin	10.2%	11.4%	14.1%	8.21%	3.92%	0.37%	3.35%	5.05%	5.45%	4.7%	7.37%	12.2%
Non-operating income, net	-1.1B	128.2M	-158.3M	-768.2M	-14.2M	375.4M	30.3M	-14.8M	-7M	-3M	-7.5M	-1.8M
Pretax income	-530M	709.5M	531.9M	-436.3M	235.5M	396.9M	165.1M	154.9M	173.7M	154.6M	279.4M	487.4M
Income tax	253M	155.6M	40.4M	306.8M	142.8M	64.2M	22.7M	-104.4M	443.6M	-16.7M	-93M	22.9M
Net income	-783M	553.8M	491.4M	-743.1M	92.7M	332.8M	142.3M	259.3M	-269.9M	171.3M	372.4M	464.5M
Net margin	-15.1%	11.2%	10.3%	-16.5%	2.07%	8.58%	3.62%	6.57%	-6.82%	4.54%	9.47%	10.7%
EBITDA	788M	841M	925.5M	591M	504.9M	280.5M	389.1M	447.7M	455.7M	438.6M	532.2M	755.6M
EPS	-3.77	2.11	1.8	-3.7	0.2	1.43	0.3	1.1	0.1	0.62	1.1	1.8
Diluted EPS	-3.77	2.11	1.8	-3.7	0.2	1.43	0.3	1.1	0.1	0.62	1.1	1.8

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.7B	6.2B	5.3B	4.3B	5.7B	8.5B	6B	8.3B	5.7B	7.5B	10.7B
Enterprise value	5.6B	9B	7.1B	6.1B	6.4B	7.7B	3.7B	6.9B	4.3B	7B	15.6B
Shares outstanding	196.3M	196.3M	196.3M	196.3M	196.3M	196.3M	196.3M	196.3M	196.3M	196.3M	196.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	6.71	6.06	3.2	6.85	6.58	1.96	2.87	8.45	32.8	24.7	15.1
P/S	0.66	0.64	0.46	0.42	0.65	0.53	0.37	0.47	0.32	0.48	0.67
P/B	0.92	1.06	0.71	0.56	0.68	0.7	0.44	0.5	0.35	0.46	0.87
EV/EBITDA	3.57	4.48	2.36	3.55	3.51	1.21	1.06	2.19	1.88	3.93	8.3
EV/Sales	0.78	0.93	0.62	0.6	0.73	0.48	0.23	0.39	0.24	0.45	0.98
Earnings yield	14.9%	16.5%	31.2%	14.6%	15.2%	51.1%	34.9%	11.8%	3.04%	4.04%	6.61%
FCF yield	14%	-0.41%	22.9%	13.8%	21%	25.2%	36.2%	12.5%	0.71%	-2.5%	-8.28%
PEG	—	—	—	—	—	—	—	—	—	—	0.24

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	25.5%	23.7%	25.9%	17.1%	18.7%	38.5%	23.9%	20.2%	16.4%	15.1%	21.7%
Operating margin	15.8%	15%	18.3%	8.46%	12.4%	32.8%	17%	12.4%	7%	4.64%	12.2%
Net margin	9.79%	10.5%	14.5%	6.18%	9.94%	27.1%	12.7%	5.6%	0.98%	1.94%	4.37%
ROE	13.7%	17.5%	22.2%	8.17%	10.3%	35.7%	15.2%	5.87%	1.08%	1.88%	4.43%
ROA	8.49%	8.44%	13.2%	4.87%	6.75%	25.5%	12%	4.08%	0.75%	1.28%	3.08%
ROIC	11.9%	12.6%	18.5%	6.91%	8.88%	35.1%	19.1%	10.6%	2%	2.17%	4.79%
Return on tangible assets	10.3%	10.1%	15.5%	5.58%	7.67%	28%	13.1%	4.39%	0.81%	1.39%	3.14%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.47	1.55	2.42	2.36	2.46	2.68	3.99	3.16	2.88	2.49	2.58
Quick ratio	0.57	0.65	0.95	1.14	1.38	1.46	2.42	1.86	1.65	1.45	1.43
Debt / equity	0.24	0.56	0.28	0.33	0.24	0.14	0.09	0.14	0.15	0.16	0.18
Debt / assets	0.15	0.27	0.17	0.2	0.16	0.1	0.07	0.1	0.11	0.11	0.12
Net debt / EBITDA	0.56	1.4	0.6	1.04	0.37	-0.13	-0.64	-0.45	-0.62	-0.29	0.15
Interest coverage	13.4	12.9	16.5	10.4	25.9	214.5	58.1	11.5	4.71	4.02	6.36
Effective tax rate	36.8%	24.8%	18.2%	23.8%	25.1%	24.2%	21.5%	25.3%	76.1%	53.2%	32.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	36.8	49.4	58.4	51.9	44.5	82	83.6	89.7	89.9	79.5	81.5
EPS (basic)	3	4.5	7.7	2.9	4	19.5	9	3.4	-0.3	2.2	2.2
EPS (diluted)	3	4.5	7.7	2.9	4	19.5	9	3.4	-0.3	2.2	3.6
Book value per share	26.3	29.8	38.1	39.3	43	62.3	70.1	85.6	82.2	82.3	62.7
FCF per share	3.38	-0.13	6.21	3.03	6.12	11	11.1	5.3	0.21	-0.95	-2.42
Cash per share	1.67	2.4	1.49	3.73	6.88	13.1	18	19.5	19.6	15.9	13.9
Capex per share	0.01	0.01	0	0	0.01	0.01	0.01	0.01	0.01	12.7	10.2

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	16%	12.6%
Capex / operating cash flow	0.11%	0.29%	0.05%	0.05%	0.05%	0.06%	0.07%	0.09%	0.13%	108.1%	130.9%
Payout ratio	25%	19.2%	13%	37.4%	0%	13%	25.3%	57.7%	350.2%	174.9%	61.1%
Dividend yield	3.73%	3.17%	4.06%	5.45%	0%	6.66%	8.84%	6.83%	10.7%	7.07%	9.69%

Yield

9.69%

trailing twelve months

Frequency

Semi-annual

Last dividend

$1.30

ex-dividend May 14, 2026

Payout ratio

61%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
May 14, 2026	$1.30
May 9, 2025	$1.80
Nov 18, 2024	$0.90
May 2, 2024	$2.20
Nov 10, 2023	$1.10
May 4, 2023	$1.80

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$5.2B	$4.9B	$4.8B	$4.5B	$4.5B	$3.9B	$3.9B	$3.9B	$4B	$3.8B	$3.9B	$4.3B
YoY change	+25.7%	+39%	+31.9%	+16.6%	-13.6%	-21.4%	-17.7%	-12.6%	-11.7%	-2.62%	+0.03%	+9.97%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	328.2M	470.5M	292.9M	732.2M	1.4B	2.6B	3.5B	3.8B	3.8B	3.1B
Receivables	633.7M	1B	1.1B	949.7M	918.4M	1.8B	1.2B	2.1B	1.6B	1.5B
Inventory	1.6B	2.6B	2.7B	2.2B	2B	3.9B	3.5B	4.9B	4.8B	4.1B
Total current assets	2.7B	4.4B	4.4B	4.2B	4.6B	8.6B	8.8B	12B	11.1B	9.8B
Property, plant & equipment	2.4B	3.1B	2.4B	3B	2.5B	2B	1.7B	2.7B	3.3B	4.7B
Goodwill & intangibles	1.5B	2B	1.8B	1.6B	1.5B	1.5B	1.6B	1.7B	1.8B	1.8B
Total assets	8.3B	12.1B	12.5B	12.9B	12.9B	17.1B	17.5B	24.2B	23.1B	23.6B
Accounts payable	603.1M	897.7M	904.2M	876.8M	1B	1.1B	1.2B	2.2B	1.9B	2.1B
Short-term debt	821.9M	1.5B	407.9M	600.3M	438.1M	866.9M	548.2M	992.6M	716.5M	652.9M
Total current liabilities	1.8B	2.8B	1.8B	1.8B	1.9B	3.2B	2.2B	3.8B	3.8B	3.9B
Long-term debt	396.7M	1.8B	1.7B	1.9B	1.6B	871.7M	722.8M	1.4B	1.7B	2B
Total liabilities	3.2B	6.3B	5.1B	5.2B	4.4B	4.9B	3.7B	7.4B	7B	7.5B
Shareholders' equity	5.2B	5.9B	7.5B	7.7B	8.4B	12.2B	13.8B	16.8B	16.1B	16.1B
Total debt	1.2B	3.3B	2.1B	2.5B	2B	1.7B	1.3B	2.4B	2.4B	2.6B
Net debt	1B	3B	1.9B	2B	1.5B	462.1M	-382.3M	544.6M	751.7M	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	4.3B	3.8B	4.1B	3.8B	3.9B	3.8B	3.8B	3.4B	2.8B	3.1B	3.1B	2.7B
Receivables	3.3B	2.1B	3B	2.7B	2.7B	1.6B	2.6B	2.4B	2.6B	1.5B	2.4B	2.6B
Inventory	5.1B	4.9B	5.1B	5B	5B	4.8B	4.6B	4.2B	4.1B	4.1B	4.2B	4.4B
Total current assets	12.8B	12B	12.5B	11.8B	11.7B	11.1B	11.1B	10.3B	9.8B	9.8B	9.9B	9.9B
Property, plant & equipment	—	2.7B	—	—	—	3.3B	—	—	—	4.7B	—	—
Goodwill & intangibles	1B	1.7B	1B	1B	1.1B	1.8B	1B	1B	1B	1.8B	1B	1B
Total assets	24.3B	24.2B	24.7B	23.7B	23.9B	23.1B	23.7B	23.9B	23.5B	23.6B	24.2B	24.6B
Accounts payable	2.2B	2.2B	2.2B	2.3B	2B	1.9B	1.8B	2B	2.1B	2.1B	2.1B	2B
Short-term debt	1B	992.6M	969.2M	802.2M	640.2M	716.5M	688.1M	596.4M	602.5M	652.9M	665M	684.9M
Total current liabilities	3.9B	3.8B	3.8B	4.3B	4B	3.8B	3.7B	3.9B	4B	3.9B	3.8B	3.8B
Long-term debt	1.4B	1.4B	1.4B	1.4B	1.8B	1.7B	2B	2B	1.7B	2B	2.3B	2.4B
Total liabilities	7.4B	7.4B	7.1B	7.5B	7.6B	7B	7.2B	7.3B	7.2B	7.5B	7.7B	7.8B
Shareholders' equity	16.9B	16.8B	17.6B	16.2B	16.3B	16.1B	16.5B	16.6B	16.3B	16.1B	16.5B	16.7B
Total debt	2.4B	2.4B	2.3B	2.2B	2.4B	2.4B	2.7B	2.6B	2.3B	2.6B	3B	3.1B
Net debt	599.4M	544.6M	550.4M	491.1M	790.1M	751.7M	857.2M	715.7M	935.5M	1.1B	1.4B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	706.9M	1B	1.7B	630M	867.9M	4.4B	2.1B	986.4M	173.8M	303.1M
Depreciation & amortization	406.9M	474.3M	589.3M	661.1M	631.1M	591.8M	616.5M	657.7M	743.3M	788.3M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-160.7M	-862.2M	-236.2M	571.1M	353.4M	-2.6B	1.2B	321.1M	-15.9M	1B
Operating cash flow	1.1B	381.1M	1.8B	1.7B	1.9B	2.9B	2.6B	2.9B	1.8B	2.3B
Capital expenditure	1.2M	1.1M	861K	788K	1M	1.8M	1.9M	2.5M	2.4M	-2.5B
Investing cash flow	-119.4M	-1.6B	63.2M	-144.3M	-616.9M	-578M	-772.9M	-52.7M	2.4M	-2.5B
Dividends paid	-176.7M	-196.3M	-215.9M	-235.6M	0	-569.3M	-530M	-569.3M	-608.6M	-530M
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-508.7M	1.8B	-1.3B	-150.5M	-506.3M	-854.4M	-1B	-766.4M	-488.4M	-500.6M
Net change in cash	520.1M	562.7M	588.8M	1.4B	802.8M	1.5B	852.3M	2B	1.3B	-698.1M
Free cash flow	664.1M	-25.5M	1.2B	595.4M	1.2B	2.2B	2.2B	1B	40.7M	-187.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-783M	553.8M	491.4M	-743.1M	92.7M	332.8M	142.3M	259.3M	-269.9M	171.3M	372.4M	464.5M
Depreciation & amortization	165M	191M	170.9M	199.3M	184.3M	188.9M	184.1M	196.8M	197.1M	210.4M	180.7M	193.7M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	647M	756.6M	648.1M	511.8M	514.2M	134.6M	330.3M	1B	535.4M	527.5M	217.3M	255.8M
Capital expenditure	1M	794K	554K	689K	470K	675K	512K	-809.7M	-710.5M	-462.8M	-405.9M	-431.3M
Investing cash flow	356.6M	38.6M	554K	-311K	1.5M	675K	512K	-500.8M	-709.7M	-468M	-591.5M	-431.3M
Dividends paid	0	-215.9M	0	-432M	0	-176.7M	0	-353M	0	-176.7M	—	-255M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	3M	-234M	-52.6M	-556.5M	183.1M	-63.2M	166.5M	-523.2M	-330.3M	185.7M	346.1M	-300M
Net change in cash	1B	561.1M	596M	-45M	698.8M	72M	497.3M	19.6M	-504.6M	245.3M	-28M	-475.5M
Free cash flow	590M	212.4M	26.3M	247.4M	-143.3M	-89.6M	-310.8M	233.9M	-175.1M	64.7M	-188.5M	-175.5M

Ternium S.A. Sponsored ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement