TEX
Terex Corporation
TEX's outlook is improving despite an expensive valuation.
VRT
Vertiv Holdings Co
VRT has the edge over TEX overall, supported by stronger valuation and stronger fundamentals.
TEX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Under pressure |
TEX's revenue is currently strong, and its profitability and cash flow are stable, but its balance sheet is under pressure.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
TEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8x | $15.81 | -73% |
| Forward | 10x | $57.56 | — |
| Fair | 12x | $24.64 | -57% |
| Expensive | 29x | $57.50 | -0.1% |
| Current | 29x | $57.56 | — |
Historical ranges are pointers, not guarantees.
TEX's PE is in its expensive range at 29x. If earnings grow as analysts expect, today's price would be 10x next year's earnings, in its fair range.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over TEX in the historical PE scenario, which offers more potential upside but is not a forecast.
TEX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for TEX, with profitability improving.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
TEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.57 | +181% |
| Q3 2026 | $1.98 | -16% |
| Q2 2026 | $1.96 | -27% |
| Q1 2026 | $2.09 | -43% |
| Q4 2025 | $3.33 | -33% |
| Q3 2025 | $2.35 | -66% |
| Q2 2025 | $2.68 | -63% |
| Q1 2025 | $3.67 | -51% |
| Q4 2024 | $4.96 | -35% |
TEX's earnings per share have fallen from their peak: $1.98 over the past year, against $7.58 in late 2023.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over TEX on earnings, with more consistent year-over-year improvement.
TEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | +58% |
| Q2 2026 | $2.2B | +51% |
| Q1 2026 | $1.7B | +41% |
| Q4 2025 | $1.3B | +6.2% |
| Q3 2025 | $1.4B | +14% |
| Q2 2025 | $1.5B | +7.6% |
| Q1 2025 | $1.2B | -4.9% |
| Q4 2024 | $1.2B | +1.5% |
TEX's revenue has grown year over year for six quarters in a row: $2.2B last quarter, up 58% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.3% | -1.8 points |
| Q2 2026 | 8.4% | -0.3 points |
| Q1 2026 | -4.7% | -10 points |
| Q4 2025 | 10% | +6.1 points |
| Q3 2025 | 10% | 0 points |
| Q2 2025 | 8.7% | -5.3 points |
| Q1 2025 | 5.6% | -6.6 points |
| Q4 2024 | 4.3% | -5.2 points |
TEX's operating margin was 8.3% last quarter, down 1.8 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over TEX on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over TEX on profitability, with a higher operating margin.
TEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $241M | +85% |
| Q2 2026 | $128M | +64% |
| Q1 2026 | -$57M | $0 |
| Q3 2025 | $130M | +12% |
| Q2 2025 | $78M | +17% |
| Q1 2025 | -$57M | -$23.1M |
| Q3 2024 | $116.4M | -16% |
| Q2 2024 | $66.5M | -45% |
TEX has the edge over VRT in the latest year-over-year cash flow comparison.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT generated $3.1B in free cash flow over the past year, up 127% from the year before.
TEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -200K shares |
| 1 year | +73% | +48.1M shares |
| 3 years | +67% | +45.9M shares |
| 5 years | +61% | +43.1M shares |
| Available history | +59% | +42.2M shares |
TEX has 114M diluted shares, up 73% from a year ago, despite $76M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $72M |
| Q2 2026 | $3M |
| Q1 2026 | — |
| Q4 2025 | $1M |
| Q3 2025 | — |
| Q2 2025 | $23M |
| Q1 2025 | $32M |
| Q4 2024 | $15M |
TEX spent $76M buying back its own shares over the past year, up 8.6% from the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has the edge over TEX on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
TEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Elevated |
| Q2 2026 | 3.7x | Elevated |
| Q1 2026 | 4.6x | High |
| Q4 2025 | 2.9x | Moderate |
TEX's net debt is about 3.0 years of its operating earnings (EBITDA).
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over TEX on leverage, with a lower net debt burden relative to earnings.
TEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.4 | Neutral |
| Stochastic | 35.1 | Neutral |
TEX's weekly RSI is 47 (neutral) and its Stochastic is 35 (neutral).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
TEX PE vs Industrials Sector
| Metric | TEX | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 24x | 21% above |
| PE % | 83 | 58 | 25 pts above |
TEX has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
TEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.5 | 5.7% above |
| 20 week MA | $60.9 | 5.5% below |
| 50 week MA | $60.7 | 5.1% below |
| 100 week MA | $53.4 | 7.9% above |
| 200 week MA | $54.2 | 6.2% above |
TEX has the edge over VRT on trend strength, trading above more of its moving averages.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
TEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $30.1 | $35.9 | +19% |
| 2021 | $35.9 | $43.5 | +21% |
| 2022 | $43.5 | $43.1 | -1.1% |
| 2023 | $43.1 | $57.5 | +33% |
| 2024 | $57.5 | $45.2 | -21% |
| 2025 | $45.2 | $55.2 | +22% |
| 2026 YTD | $55.2 | $57.6 | +4.3% |
TEX has finished higher in four of the last six years. It's up 4.3% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over TEX on returns for 2026, with the stronger performance.