Terex Corporation — Earnings Quality Grade F
TEX · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 48 days, change +2 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 5.7%, CFFO 35.0%. Cash follows revenue
Expense Quality
Inventory -3.3% vs COGS 7.7%. Normal
CapEx growth -13.9% vs revenue 5.7%. Normal
SG&A/Gross Profit = 54.8%. Normal
Gross margin 19.4%, change -1.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.99. Profits backed by cash
FCF $0.3B, FCF/NI = 1.46
Accruals ratio = -3.6%. Low accruals
Cash $0.8B covers only 30% of debt $2.6B
Balance Sheet Health
Goodwill+Intangibles $2.1B = 101% of equity. Over 50%
Debt/EBITDA = 4.1x (>4x). Financial stress
Other assets 8.1% vs revenue 5.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -4% YoY. Normal
Manipulation Score
M-Score = -2.58 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25