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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) and TEREX CORP (TEX). Click either name above to swap in a different company.

TEREX CORP is the larger business by last-quarter revenue ($1.3B vs $1.3B, roughly 1.0× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 4.8%, a 11.8% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs 6.2%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $171.0M).

Terex Corporation is an American company and worldwide manufacturer of materials processing machinery, waste and recycling equipment, mobile elevating work platforms, and equipment for the electric utility industry. Terex does business in the Americas, Europe, Australia and Asia Pacific.

Q vs TEX — Head-to-Head

Bigger by revenue
TEX
TEX
1.0× larger
TEX
$1.3B
$1.3B
Q
Growing faster (revenue YoY)
Q
Q
+4.9% gap
Q
11.1%
6.2%
TEX
Higher net margin
Q
Q
11.8% more per $
Q
16.5%
4.8%
TEX
More free cash flow
Q
Q
$397.0M more FCF
Q
$568.0M
$171.0M
TEX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
Q
Q
TEX
TEX
Revenue
$1.3B
$1.3B
Net Profit
$211.0M
$63.0M
Gross Margin
45.1%
18.8%
Operating Margin
21.3%
10.4%
Net Margin
16.5%
4.8%
Revenue YoY
11.1%
6.2%
Net Profit YoY
6.0%
2963.6%
EPS (diluted)
$1.01
$0.95

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
Q
Q
TEX
TEX
Q4 25
$1.3B
Q3 25
$1.3B
$1.4B
Q2 25
$1.5B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.1B
$1.2B
Q2 24
$1.4B
Q1 24
$1.3B
Net Profit
Q
Q
TEX
TEX
Q4 25
$63.0M
Q3 25
$211.0M
$65.0M
Q2 25
$72.0M
Q1 25
$21.0M
Q4 24
$-2.2M
Q3 24
$199.0M
$88.0M
Q2 24
$140.7M
Q1 24
$108.5M
Gross Margin
Q
Q
TEX
TEX
Q4 25
18.8%
Q3 25
45.1%
20.3%
Q2 25
19.6%
Q1 25
18.7%
Q4 24
15.9%
Q3 24
47.0%
20.2%
Q2 24
23.8%
Q1 24
23.0%
Operating Margin
Q
Q
TEX
TEX
Q4 25
10.4%
Q3 25
21.3%
10.1%
Q2 25
8.7%
Q1 25
5.6%
Q4 24
4.2%
Q3 24
21.8%
10.1%
Q2 24
14.0%
Q1 24
12.2%
Net Margin
Q
Q
TEX
TEX
Q4 25
4.8%
Q3 25
16.5%
4.7%
Q2 25
4.8%
Q1 25
1.7%
Q4 24
-0.2%
Q3 24
17.3%
7.3%
Q2 24
10.2%
Q1 24
8.4%
EPS (diluted)
Q
Q
TEX
TEX
Q4 25
$0.95
Q3 25
$1.01
$0.98
Q2 25
$1.09
Q1 25
$0.31
Q4 24
$-0.03
Q3 24
$0.95
$1.31
Q2 24
$2.08
Q1 24
$1.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
Q
Q
TEX
TEX
Cash + ST InvestmentsLiquidity on hand
$128.0M
$772.0M
Total DebtLower is stronger
$1.7B
$2.6B
Stockholders' EquityBook value
$9.1B
$2.1B
Total Assets
$12.5B
$6.1B
Debt / EquityLower = less leverage
0.19×
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
Q
Q
TEX
TEX
Q4 25
$772.0M
Q3 25
$128.0M
$509.0M
Q2 25
$374.0M
Q1 25
$298.0M
Q4 24
$388.0M
Q3 24
$352.0M
Q2 24
$319.3M
Q1 24
$364.9M
Total Debt
Q
Q
TEX
TEX
Q4 25
$2.6B
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
$2.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
Q
Q
TEX
TEX
Q4 25
$2.1B
Q3 25
$9.1B
$2.0B
Q2 25
$2.0B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$11.1B
$2.0B
Q2 24
$1.8B
Q1 24
$1.7B
Total Assets
Q
Q
TEX
TEX
Q4 25
$6.1B
Q3 25
$12.5B
$6.2B
Q2 25
$6.2B
Q1 25
$5.8B
Q4 24
$5.7B
Q3 24
$3.8B
Q2 24
$3.8B
Q1 24
$3.8B
Debt / Equity
Q
Q
TEX
TEX
Q4 25
1.23×
Q3 25
0.19×
Q2 25
Q1 25
Q4 24
1.41×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
Q
Q
TEX
TEX
Operating Cash FlowLast quarter
$782.0M
$205.0M
Free Cash FlowOCF − Capex
$568.0M
$171.0M
FCF MarginFCF / Revenue
44.5%
13.0%
Capex IntensityCapex / Revenue
16.8%
2.6%
Cash ConversionOCF / Net Profit
3.71×
3.25×
TTM Free Cash FlowTrailing 4 quarters
$322.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
Q
Q
TEX
TEX
Q4 25
$205.0M
Q3 25
$782.0M
$154.0M
Q2 25
$102.0M
Q1 25
$-21.0M
Q4 24
$177.0M
Q3 24
$116.4M
Q2 24
$66.5M
Q1 24
$-33.9M
Free Cash Flow
Q
Q
TEX
TEX
Q4 25
$171.0M
Q3 25
$568.0M
$130.0M
Q2 25
$78.0M
Q1 25
$-57.0M
Q4 24
$128.0M
Q3 24
$87.4M
Q2 24
$42.5M
Q1 24
$-68.9M
FCF Margin
Q
Q
TEX
TEX
Q4 25
13.0%
Q3 25
44.5%
9.4%
Q2 25
5.2%
Q1 25
-4.6%
Q4 24
10.3%
Q3 24
7.2%
Q2 24
3.1%
Q1 24
-5.3%
Capex Intensity
Q
Q
TEX
TEX
Q4 25
2.6%
Q3 25
16.8%
1.7%
Q2 25
1.6%
Q1 25
2.9%
Q4 24
3.9%
Q3 24
2.4%
Q2 24
1.7%
Q1 24
2.7%
Cash Conversion
Q
Q
TEX
TEX
Q4 25
3.25×
Q3 25
3.71×
2.37×
Q2 25
1.42×
Q1 25
-1.00×
Q4 24
Q3 24
1.32×
Q2 24
0.47×
Q1 24
-0.31×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

Q
Q

Semiconductor Technologies$693.0M54%
Interconnect Solutions$583.0M46%

TEX
TEX

Aerials Segment$466.0M35%
Materials Processing Segment$428.0M32%
Materials Processing Equipment$279.0M21%
Specialty Equipment$148.0M11%

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