Ternium S.A. (TX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TX SEC filings page.
Ternium S.A. (TX) reported $15.6B in revenue for fiscal year 2025, down 11.6% from the prior fiscal year. This page shows its 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).
Ternium’s cash profile has shifted from self-funding operations to capital-intensive reinvestment despite minimal debt
In FY2025, operating cash flow reached$2.3B while net income was only$303M , indicating that cash generation depended substantially on non-cash charges and working-capital movements rather than reported profit alone. Yet capital expenditures of$2.7B pushed free cash flow to-$345M , converting operating cash into reinvestment rather than distributable cash.
Revenue fell from
The balance sheet remains lightly debt-funded: debt-to-equity declined from 0.01x in FY2024 to 0.0085x in FY2025, while liabilities remained below half of equity. Meanwhile, short-term liquidity cushion narrowed as the current ratio fell from 3.2x in FY2023 to 2.5x in FY2025 alongside lower current assets and higher current liabilities.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Ternium S.A.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Ternium S.A., and counted as zero in the overall score.
Ternium S.A.'s revenue declined 11.6% year-over-year, from $17.6B to $15.6B. This contraction results in a growth score of 14/100.
Ternium S.A. 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 88/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.49, Ternium S.A. holds $2.49 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.
While Ternium S.A. 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 27/100, reflecting heavy capital investment rather than weak cash generation.
Not available for Ternium S.A., and counted as zero in the overall score.
Ternium S.A. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Ternium S.A. 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
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Ternium S.A. held $1.5B in cash against $138.0M in long-term debt as of Q4 2025, with $3.9B of liabilities due within a year.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
TX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
TX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q4'2420-F | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K | Q4'1810-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $23.6B+2.1% | $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% |
| Current Assets | $9.8B-11.6% | $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% |
| Cash & Equivalents | $1.5B-9.5% | $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% |
| Inventory | $4.1B-13.8% | $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% |
| Goodwill | $1.0B-1.9% | $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% |
| Total Liabilities | $7.5B+6.7% | $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% |
| Current Liabilities | $3.9B+2.5% | $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% |
| Non-Current Liabilities | $3.5B+11.9% | $3.2B-11.5% | $3.6B+136.8% | $1.5B-8.7% | $1.6B-35.6% | $2.6B-25.9% | $3.5B+6.7% | $3.2B-6.0% |
| 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-15.6% | $298.2M+353.2% | $65.8M-98.0% |
| Total Equity | $16.1B+0.1% | $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% |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments, Retained Earnings.
TX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
TX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Ternium S.A. TX | FY2025 | $15.6B | $303.1M | 1.9% | $11.4B | 33/100 |
| Commercial Metals Company CMC | FY2025 | $7.8B | $84.7M | 1.1% | $7.4B | 35/100 |
| Cleveland-Cliffs Inc. CLF | FY2025 | $18.6B | -$1.5B | -7.9% | $6.9B | 29/100 |
| Reliance, Inc. RS | FY2025 | $14.3B | $739.4M | 5.2% | $20.1B | 59/100 |
Where Ternium S.A. Ranks
Frequently Asked Questions
What is Ternium S.A.'s annual revenue?
Ternium S.A. (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.A.'s revenue growing?
Ternium S.A. (TX) revenue declined by 11.6% year-over-year, from $17.6B to $15.6B in fiscal year 2025.
Is Ternium S.A. profitable?
Yes, Ternium S.A. (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 S.A. have?
As of fiscal year 2025, Ternium S.A. (TX) had $1.5B in cash and equivalents against $138.0M in long-term debt.
What is Ternium S.A.'s net profit margin?
Ternium S.A. (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.A.'s return on equity (ROE)?
Ternium S.A. (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.A.'s free cash flow?
Ternium S.A. (TX) recorded an outflow of $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.A.'s operating cash flow?
Ternium S.A. (TX) generated $2.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ternium S.A.'s total assets?
Ternium S.A. (TX) had $23.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Ternium S.A.'s capital expenditures?
Ternium S.A. (TX) invested $2.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Ternium S.A.'s current ratio?
Ternium S.A. (TX) had a current ratio of 2.49 as of fiscal year 2025, which is generally considered healthy.
What is Ternium S.A.'s debt-to-equity ratio?
Ternium S.A. (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.A.'s return on assets (ROA)?
Ternium S.A. (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.A.'s P/E ratio?
Ternium S.A. (TX) trades at 37.5x earnings, its market capitalization divided by net income of $303.1M net income, FY2025. The market capitalization is $11.4B as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ternium S.A.'s price-to-sales ratio?
Ternium S.A. (TX) trades at 0.7x sales, its market capitalization divided by revenue of $15.6B revenue, FY2025. The market capitalization is $11.4B as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Ternium S.A.'s Piotroski F-Score?
Ternium S.A. (TX) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ternium S.A.'s earnings high quality?
Ternium S.A. (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 S.A.?
Ternium S.A. (TX) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.