Ternium SA ADR (TX) financial statements
Ternium SA ADR reported revenue of $15.6B in fiscal 2025, up 8.9% a year over 9 years.
Net income was $425M and the operating margin 4.5%, against 15.8% in 2016.
Free cash flow was -$345M, and the company returned $530M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ternium SA ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $3.0B | $1.7B | $1.6B | $6.2B | $3.9B | $3.6B | $2.9B | $2.4B |
| Research and development | $9M | $10M | $9M | $10M | $8M | $10M | $16M | $19M | $24M | $22M |
| Selling, general and admin | $688M | $824M | $877M | $897M | $763M | $950M | $1.1B | $1.5B | $1.7B | $1.6B |
| Operating income | $1.1B | $1.5B | $2.1B | $865M | $1.1B | $5.3B | $2.7B | $2.2B | $1.3B | $705M |
| Interest expense | $90M | $115M | $131M | $88M | $47M | $27M | $47M | $125M | $196M | $214M |
| Pre-tax income | $1.1B | $1.4B | $2.0B | $827M | $1.2B | $5.8B | $2.7B | $1.3B | $728M | $648M |
| Income tax | $412M | $337M | $369M | $197M | $291M | $1.4B | $574M | $334M | $554M | $345M |
| Net income | $596M | $886M | $1.5B | $564M | $778M | $3.8B | $1.8B | $676M | -$54M | $425M |
| EPS (diluted) | — | — | — | $0.29 | $0.40 | $1.95 | $0.90 | $0.34 | -$0.03 | $0.22 |
| Diluted shares | 1.96B | 1.96B | 1.96B | 1.96B | 1.96B | 1.96B | 1.96B | 1.96B | 1.96B | 1.96B |
| Gross margin | 25.5% | 23.7% | 25.9% | 17.1% | 18.7% | 38.5% | 23.9% | 20.2% | 16.4% | 15.1% |
| Operating margin | 15.8% | 15.0% | 18.4% | 8.5% | 12.4% | 32.8% | 16.4% | 12.5% | 7.2% | 4.5% |
| Net margin | 8.2% | 9.1% | 13.2% | 5.5% | 8.9% | 23.8% | 10.8% | 3.8% | -0.3% | 2.7% |
Balance sheet
Fiscal years, from Ternium SA ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $328M | $471M | $295M | $732M | $1.4B | $2.6B | $3.5B | $3.8B | $3.9B | $3.1B |
| Receivables | $634M | $1.0B | $1.1B | $950M | $918M | $1.8B | $1.2B | $2.1B | $1.6B | $1.5B |
| Inventory | $1.6B | $2.6B | $2.7B | $2.2B | $2.0B | $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 | $12.0B | $11.1B | $9.8B |
| Property, plant and equipment | $4.1B | $5.3B | $5.8B | $6.5B | $6.5B | $6.4B | $6.3B | $7.6B | $8.4B | $10.4B |
| Total assets | $8.3B | $12.1B | $12.5B | $12.9B | $12.9B | $17.1B | $17.5B | $24.2B | $23.1B | $23.6B |
| 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 | $397M | $1.7B | $1.6B | $1.6B | $1.3B | $656M | $533M | $1.2B | $1.6B | $1.8B |
| Total liabilities | $3.2B | $6.3B | $5.1B | $5.2B | $4.4B | $4.9B | $3.7B | $7.4B | $7.0B | $7.5B |
| Shareholders' equity | $4.4B | $5.0B | $6.4B | $6.6B | $7.3B | $10.5B | $11.8B | $12.4B | $12.0B | $11.9B |
| Net debt | $1.0B | $2.9B | $1.8B | $1.7B | $1.2B | $202M | -$621M | $300M | $539M | $888M |
Cash flow
Fiscal years, from Ternium SA ADR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.1B | $384M | $1.7B | $1.6B | $1.8B | $2.7B | $2.8B | $2.5B | $1.9B | $2.3B |
| Capital spending | $435M | $409M | $520M | $1.1B | $560M | $524M | $581M | $1.2B | $1.8B | $2.7B |
| Free cash flow | $664M | -$26M | $1.2B | $595M | $1.2B | $2.2B | $2.2B | $1.3B | $85M | -$345M |
| Dividends paid | $177M | $196M | $216M | $236M | $0 | $569M | $530M | $569M | $609M | $530M |
| Net borrowing | -$281M | $2.0B | -$1.1B | $152M | -$464M | -$239M | -$437M | -$138M | $236M | $103M |
| Free cash flow margin | 9.2% | -0.3% | 10.6% | 5.8% | 13.8% | 13.4% | 13.2% | 7.4% | 0.5% | -2.2% |
| Dividends per share | $0.09 | $0.10 | $0.11 | $0.12 | — | $0.29 | $0.27 | $0.29 | $0.31 | $0.27 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TX.
Open TX in InvestinglyQuestions
What was Ternium SA ADR's revenue in 2025?
$15.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Ternium SA ADR generate?
-$345M in fiscal 2025 (operating cash flow minus capital spending).
From Ternium SA ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.