Ternium Financials

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Ternium (TX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 39/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Ternium's revenue declined 11.6% year-over-year, from $17.6B to $15.6B. This contraction results in a growth score of 14/100.

Leverage

100

Ternium carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Ternium's current ratio of 2.49 indicates adequate short-term liquidity, earning a score of 47/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While Ternium generated $2.3B in operating cash flow, capex of $2.7B consumed most of it, leaving -$345.5M in free cash flow. This results in a low score of 19/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Ternium generates a 1.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is up from 1.1% the prior year.

Piotroski F-Score Neutral

6/9

Ternium passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

7.63x

For every $1 of reported earnings, Ternium generates $7.63 in operating cash flow ($2.3B OCF vs $303.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$15.6B

YoY-11.6%

5Y CAGR+12.3%

10Y CAGR+7.1%

Ternium generated $15.6B in revenue in fiscal year 2025. This represents a decrease of 11.6% from the prior year.

EBITDA

N/A

Net Income

$303.1M

YoY+74.4%

5Y CAGR-19.0%

10Y CAGR+17.6%

Ternium reported $303.1M in net income in fiscal year 2025. This represents an increase of 74.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$345.5M

YoY-506.2%

Ternium generated -$345.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 506.2% from the prior year.

Cash & Debt

$1.5B

YoY-9.5%

5Y CAGR+23.3%

10Y CAGR+26.0%

Ternium held $1.5B in cash against $138.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

2.00B

YoY+0.0%

5Y CAGR+0.0%

Ternium had 2.00B shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

1.9%

YoY+1.0pp

5Y CAGR-8.0pp

10Y CAGR+1.2pp

Ternium's net profit margin was 1.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.

Return on Equity

1.9%

YoY+0.8pp

5Y CAGR-8.4pp

10Y CAGR+0.6pp

Ternium's ROE was 1.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$2.7B

YoY+46.0%

5Y CAGR+36.6%

10Y CAGR+19.0%

Ternium invested $2.7B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 46.0% from the prior year.

TX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$15.6B-11.6%	$17.6B+0.2%	$17.6B+7.3%	$16.4B+2.0%	$16.1B+84.2%	$8.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$9.3M-1.3%	$9.4M-12.5%	$10.8M-7.1%	$11.6M-5.3%	$12.3M-3.0%	$12.6M
Income Tax	$345.1M-37.7%	$554.2M+65.7%	$334.4M-41.7%	$573.7M-58.9%	$1.4B+379.3%	$291.5M
Net Income	$303.1M+74.4%	$173.8M-82.4%	$986.4M-52.9%	$2.1B-52.1%	$4.4B+403.2%	$867.9M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$23.6B+2.1%	$23.1B-4.3%	$24.2B+38.2%	$17.5B+2.3%	$17.1B+33.0%	$12.9B
Current Assets	$9.8B-11.6%	$11.1B-7.9%	$12.0B+36.0%	$8.8B+2.8%	$8.6B+88.5%	$4.6B
Cash & Equivalents	$1.5B-9.5%	$1.7B-8.4%	$1.8B+11.7%	$1.7B+29.5%	$1.3B+137.3%	$537.9M
Inventory	$4.1B-13.8%	$4.8B-4.0%	$4.9B+42.6%	$3.5B-11.2%	$3.9B+95.2%	$2.0B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$662.3M-35.2%	$1.0B+2.6%	$996.0M+5.5%	$944.4M+4.7%	$902.3M-0.7%	$908.6M
Total Liabilities	$7.5B+6.7%	$7.0B-5.0%	$7.4B+97.9%	$3.7B-23.4%	$4.9B+10.2%	$4.4B
Current Liabilities	$3.9B+2.5%	$3.8B+1.0%	$3.8B+71.4%	$2.2B-31.0%	$3.2B+73.4%	$1.9B
Long-Term Debt	$138.0M-15.7%	$163.7M-13.4%	$188.9M-0.6%	$190.1M-11.7%	$215.3M-14.5%	$251.6M
Total Equity	$16.1B+0.1%	$16.1B-4.0%	$16.8B+22.1%	$13.8B+12.5%	$12.2B+44.9%	$8.4B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Total Assets	$23.1B-4.3%	$24.2B+38.2%	$17.5B+2.3%	$17.1B+33.0%	$12.9B-0.6%	$12.9B+3.1%	$12.5B+3.5%	$12.1B
Current Assets	$11.1B-7.9%	$12.0B+36.0%	$8.8B+2.8%	$8.6B+88.5%	$4.6B+9.3%	$4.2B-5.6%	$4.4B+0.7%	$4.4B
Cash & Equivalents	$1.7B-8.4%	$1.8B+11.7%	$1.7B+29.5%	$1.3B+137.3%	$537.9M+3.4%	$520.0M+107.5%	$250.5M-25.8%	$337.8M
Inventory	$4.8B-4.0%	$4.9B+42.6%	$3.5B-11.2%	$3.9B+95.2%	$2.0B-7.3%	$2.2B-19.8%	$2.7B+5.4%	$2.6B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.0B+2.6%	$996.0M+5.5%	$944.4M+4.7%	$902.3M-0.7%	$908.6M-3.7%	$943.8M-6.8%	$1.0B-7.3%	$1.1B
Total Liabilities	$7.0B-5.0%	$7.4B+97.9%	$3.7B-23.4%	$4.9B+10.2%	$4.4B-15.5%	$5.2B+3.1%	$5.1B-19.2%	$6.3B
Current Liabilities	$3.8B+1.0%	$3.8B+71.4%	$2.2B-31.0%	$3.2B+73.4%	$1.9B+4.8%	$1.8B-3.2%	$1.8B-35.4%	$2.8B
Long-Term Debt	$163.7M-13.4%	$188.9M-0.6%	$190.1M-11.7%	$215.3M-14.5%	$251.6M-15.6%	$298.2M+353.2%	$65.8M-98.0%	$3.2B
Total Equity	$16.1B-4.0%	$16.8B+22.1%	$13.8B+12.5%	$12.2B+44.9%	$8.4B+9.4%	$7.7B+3.1%	$7.5B+27.9%	$5.9B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.3B+21.4%	$1.9B-23.8%	$2.5B-9.1%	$2.8B+2.8%	$2.7B+52.0%	$1.8B
Capital Expenditures	$2.7B+46.0%	$1.8B+51.6%	$1.2B+107.0%	$580.6M+10.9%	$523.6M-6.5%	$560.0M
Free Cash Flow	-$345.5M-506.2%	$85.0M-93.5%	$1.3B-40.2%	$2.2B+0.9%	$2.2B+79.3%	$1.2B
Investing Cash Flow	-$2.0B-44.3%	-$1.4B+6.5%	-$1.5B-11.0%	-$1.3B-26.7%	-$1.0B+11.2%	-$1.2B
Financing Cash Flow	-$500.6M-2.5%	-$488.4M+36.3%	-$766.4M+24.6%	-$1.0B-18.9%	-$854.4M-68.8%	-$506.3M
Dividends Paid	$530.0M-12.9%	$608.6M+6.9%	$569.3M+7.4%	$530.0M-6.9%	$569.3M	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TX Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	1.9%+1.0pp	1.0%-4.6pp	5.6%-7.2pp	12.8%-14.4pp	27.1%+17.2pp	9.9%
Return on Equity	1.9%+0.8pp	1.1%-4.8pp	5.9%-9.3pp	15.2%-20.5pp	35.7%+25.4pp	10.3%
Return on Assets	1.3%+0.5pp	0.8%-3.3pp	4.1%-7.9pp	12.0%-13.6pp	25.5%+18.8pp	6.8%
Current Ratio	2.49-0.4	2.89-0.3	3.17-0.8	3.99+1.3	2.68+0.2	2.46
Debt-to-Equity	0.010.0	0.010.0	0.010.0	0.010.0	0.02-0.0	0.03
FCF Margin	-2.2%-2.7pp	0.5%-6.9pp	7.4%-5.8pp	13.2%-0.2pp	13.4%-0.4pp	13.8%

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.89-0.3	3.17-0.8	3.99+1.3	2.68+0.2	2.46+0.1	2.36-0.1	2.42+0.9	1.55
Debt-to-Equity	0.010.0	0.010.0	0.010.0	0.02-0.0	0.030.0	0.04+0.0	0.01-0.5	0.55
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Ternium's annual revenue?

Ternium (TX) reported $15.6B in total revenue for fiscal year 2025. This represents a -11.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ternium's revenue growing?

Ternium (TX) revenue declined by 11.6% year-over-year, from $17.6B to $15.6B in fiscal year 2025.

Is Ternium profitable?

Yes, Ternium (TX) reported a net income of $303.1M in fiscal year 2025, with a net profit margin of 1.9%.

How much debt does Ternium have?

As of fiscal year 2025, Ternium (TX) had $1.5B in cash and equivalents against $138.0M in long-term debt.

What is Ternium's net profit margin?

Ternium (TX) had a net profit margin of 1.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ternium's return on equity (ROE)?

Ternium (TX) has a return on equity of 1.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Ternium's free cash flow?

Ternium (TX) generated -$345.5M in free cash flow during fiscal year 2025. This represents a -506.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ternium's operating cash flow?

Ternium (TX) generated $2.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ternium's total assets?

Ternium (TX) had $23.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ternium's capital expenditures?

Ternium (TX) invested $2.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Ternium have outstanding?

Ternium (TX) had 2.00B shares outstanding as of fiscal year 2025.

What is Ternium's current ratio?

Ternium (TX) had a current ratio of 2.49 as of fiscal year 2025, which is generally considered healthy.

What is Ternium's debt-to-equity ratio?

Ternium (TX) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ternium's return on assets (ROA)?

Ternium (TX) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ternium's Piotroski F-Score?

Ternium (TX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ternium's earnings high quality?

Ternium (TX) has an earnings quality ratio of 7.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Ternium?

Ternium (TX) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.