Sign in

TX on NYSE

Ternium

Logo: https://terniumcomprod.blob.core.windows.net/wp-content/2018/03/Annual-Report-Ternium-2017.pdf, Non-free logo, via Wikipedia5

Steel company founded in Luxembourg

Ternium S.A. is a manufacturer of flat and long steel products with production centers in Argentina, Brazil, Mexico, Guatemala, Colombia, and the United States. Ternium owns a 51.5% interest in Usiminas of Brazil. The company has an annual production capacity of 15.4 million tons.3 It is headquartered in Buenos Aires.1 It employed about 16,600 people in 2013.1 Its shares trade on NYSE under the symbol TX.1 Wikipedia text CC BY-SA 4.0

$59.20 down 0.48 (0.81%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

$15.6BRevenue, fiscal 20256
$303.1MNet income, fiscal 20256
2005Founded1

Compare with U.S. Steel, Steel Dynamics or Tenaris, or pick any stock.

  • TickerTX on NYSE1
  • Industryiron and steel industry1
  • HeadquartersBuenos Aires1
  • Websiteternium.com
  • Incorporated inLuxembourg7
  • Business address26, Boulevard Royal, 4Th Floor, Luxembourg, N4 L-24497
  • Filer categoryLarge accelerated filer7

See how the biggest companies compare on our leaderboards

Laminasdeacero002
Photo: Pablo Malamud, Public domain, via Wikimedia Commons9

Ternium S.A. is a manufacturer of flat and long steel products with production centers in Argentina, Brazil, Mexico, Guatemala, Colombia, and the United States. Ternium owns a 51.5% interest in Usiminas of Brazil. The company has an annual production capacity of 15.4 million tons. In 2023, 55% of its sales were from Mexico; 21% of sales were from Argentina; Bolivia, Chile, Paraguay and Uruguay; 13% of sales were from Brazil; and 11% of sales were from the United States, Colombia and Central America.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

15.1%Gross margin6
4.5%Operating margin6
1.9%Net margin6
-11.6%Revenue growth, 20256
1.9%Return on equity6
0.11×Debt to equity6
-$345.5MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Hot rolled brought in 41% of the revenue Ternium broke down this way in fiscal 2025.

  1. Hot rolled$6.4B641%down 16% from 2024
  2. Coated$5.3B634%down 10% from 2024
  3. Cold rolled$2.4B615%down 10% from 2024
  4. Other Products$874.0M66%up 15% from 2024
  5. Roll-formed and tubular$506.9M63%down 18% from 2024
  6. Slabs$79.9M61%down 22% from 2024
  7. Billets, round bars and others$56.7M60%up 163% from 2024
Products and services by year
Products and services202320242025
Hot rolled$7.9B$7.6B$6.4B
Coated$5.7B$5.9B$5.3B
Cold rolled$2.4B$2.6B$2.4B
Other Products$597.2M$757.5M$874.0M
Roll-formed and tubular$789.3M$621.0M$506.9M
Slabs$177.2M$102.7M$79.9M
Billets, round bars and others$45.4M$21.6M$56.7M

Regions

Mexico brought in 47% of the revenue Ternium broke down this way in fiscal 2025.

  1. Mexico$7.3B647%down 16% from 2024
  2. BRMember$4.0B626%down 7% from 2024
  3. Southern region$2.3B615%down 3% from 2024
  4. Other Markets$2.0B613%down 10% from 2024
Regions by year
Regions202320242025
Mexico$9.4B$8.7B$7.3B
BRMember$2.5B$4.3B$4.0B
Southern region$3.6B$2.4B$2.3B
Other Markets$2.1B$2.3B$2.0B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue84¢$13.3B
  • Research and development0¢$21.8M
  • Selling, general and admin10¢$1.6B
  • Interest1¢$214.4M
  • Income tax2¢$345.1M
  • Profit2¢$303.1M

Out of $15.6B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending100¢$2.7B

Out of $2.3B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue10111213146$15.6B in 2025+36% since 2018
0$5.0B$10.0B$15.0B$20.0B2018: $11.5B$11.5B20182019: $10.2B$10.2B2019−11%2020: $8.7B$8.7B2020−14%2021: $16.1B$16.1B2021+84%2022: $16.4B$16.4B2022+2%2023: $17.6B$17.6B2023+7%2024: $17.6B$17.6B2024+0%2025: $15.6B$15.6B2025−12%
Gross profit10111213146$2.4B in 2025−21% since 2018
0$2.0B$4.0B$6.0B$8.0B2018: $3.0B$3.0B20182019: $1.7B$1.7B2019−41%2020: $1.6B$1.6B2020−6%2021: $6.2B$6.2B2021+279%2022: $3.9B$3.9B2022−37%2023: $3.6B$3.6B2023−9%2024: $2.9B$2.9B2024−19%2025: $2.4B$2.4B2025−19%
Operating income10111213146$705.4M in 2025−67% since 2018
0$2.0B$4.0B$6.0B2018: $2.1B$2.1B20182019: $864.6M$864.6M2019−59%2020: $1.1B$1.1B2020+25%2021: $5.3B$5.3B2021+388%2022: $2.7B$2.7B2022−49%2023: $2.2B$2.2B2023−19%2024: $1.3B$1.3B2024−43%2025: $705.4M$705.4M2025−44%
Net income10111213146$303.1M in 2025−82% since 2018
0$2.0B$4.0B$6.0B2018: $1.7B$1.7B20182019: $630.0M$630.0M2019−62%2020: $867.9M$867.9M2020+38%2021: $4.4B$4.4B2021+403%2022: $2.1B$2.1B2022−52%2023: $986.4M$986.4M2023−53%2024: $173.8M$173.8M2024−82%2025: $303.1M$303.1M2025+74%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Net sales$15.6B$17.6B$17.6B
Cost of sales-$13.3B-$14.8B-$14.1B
Gross profit$2.4B$2.9B$3.6B
Selling, general and administrative expenses-$1.6B-$1.7B-$1.5B
Other operating (expense) income, net-$46.2M$25.2M$110.3M
Operating income$705.4M$1.3B$2.2B
Finance expense-$214.4M-$196.2M-$125.4M
Finance income$237.5M$297.8M$255.0M
Other financial (expenses) income, net-$48.6M-$295.9M-$6.2M
Equity in earnings of non-consolidated companies$85.6M$69.1M$105.3M
Income before income tax expense - IFRS$648.2M$728.0M$1.3B
Income tax expense-$345.1M-$554.2M-$334.4M
Profit for the year$303.1M$173.8M$986.4M
Owners of the parent$425.2M-$53.7M$676.0M
Non-controlling interest-$122.1M$227.5M$310.3M
Weighted average number of shares outstanding (in shares)2.0B shares2.0B shares2.0B shares
Diluted earnings per share for profit attributable to the owners of the parent (expressed in $ per share)$0.22-$0.03$0.34
Basic earnings per share for profit attributable to the owners of the parent (expressed in $ per share)$0.22-$0.03$0.34

Compare Ternium with another company

Corporate structure

Ternium sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Ternium

  • SAN FAUSTIN S.A. Filed SC 13D/A on Ternium, latest Jan 22, 2024 (5 filings since Nov 23, 2021)
  • Ternium Buenos Aires

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Ternium reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$10.4B6 Dec 31, 2025$8.4B6 Dec 31, 2024+24.2%
Operating-lease assets (leased space)$155.9M6 Dec 31, 2025$177.2M6 Dec 31, 2024−12.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.5B6 Dec 31, 2025$1.7B6 Dec 31, 2024−9.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.1B6 Dec 31, 2025$4.8B6 Dec 31, 2024−13.8%
Raw materials$1.3B6 Dec 31, 2025$1.3B6 Dec 31, 2024−4.1%

The story

Ternium was formed in 2005 by the consolidation of three companies: Siderar of Argentina, SIDOR of Venezuela and Hylsa (es) of Mexico.

In 2006, Ternium was listed on the New York Stock Exchange.

In 2007, Ternium acquired Grupo IMSA, expanding its operations into Guatemala and the United States.

In April 2008, after a series of worker disputes over pay which led to strike actions, SIDOR was nationalized by the government of Venezuela. In May 2009, compensation of US$1.65 billion was paid for Ternium's 59.7% stake in SIDOR.

In August 2010, Ternium acquired a 54% interest in Ferrasa, and in April 2015, Ternium acquired the remainder of the company, which was renamed Ternium Colombia.

In 2017, Ternium acquired CSA Siderúrgica do Atlântico for €1.4 billion and renamed it Ternium Brazil.

In July 2023, Ternium increased its ownership in Usiminas to 51.5%.

From Wikipedia’s article on Ternium, shared under CC BY-SA 4.0.8

Leadership

Who has led Ternium, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Maximo Vedoya2026–now

President

  1. Zunzunegui Hector Obeso2026
  2. Titus Friederich Schaar2026
  3. Renato Catallini2026
  4. Flores Cesar Alejandro Jimenez2026–now

Chief financial officer

  1. Pablo Daniel Brizzio2026–now
2010201520202025
Board members and other officers (14)

Products and brands

  • steel

Listed on Wikidata.1

Subsidiaries and ownership

Owners

From Wikidata.1

Employees over time

  • 201316,6001

Timeline

  1. Mar 10, 2026New chief executive Maximo Vedoya becomes CEO16
  2. 2005Founded Founded1

Calendar

Coming up

  1. Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.10 a share, on Oct 28, 2025.36

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

153 filings to the SEC since October 2021: 5 annual reports, 21 insider forms, 5 large holders, 122 other. The latest 20:

  1. Oct 8, 20266-K EDGAR
  2. Aug 24, 2026SD/A EDGAR
  3. Aug 24, 2026SD EDGAR
  4. Aug 5, 20266-K EDGAR
  5. Aug 4, 20266-K EDGAR
  6. Jul 8, 20266-K EDGAR
  7. Jul 8, 20266-K EDGAR
  8. May 12, 20266-K EDGAR
  9. May 12, 20266-K EDGAR
  10. May 12, 2026SD EDGAR
  11. May 6, 20266-K EDGAR
  12. May 5, 20266-K/A EDGAR
  13. May 5, 20266-K EDGAR
  14. Apr 16, 20266-K EDGAR
  15. Apr 15, 20266-K EDGAR
  16. Mar 31, 20266-K EDGAR
  17. Mar 31, 2026IRANNOTICE EDGAR
  18. Mar 31, 202620-F EDGAR
  19. Mar 20, 20266-K EDGAR
  20. Mar 20, 20266-K EDGAR

The 153 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Faustin S.a. SanSC 13D/A, 5 filings Nov 23, 2021 to Jan 22, 202437

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Lazard Asset Management LLC6,383,724$272.6M0.4%+47,597
Donald Smith & Co., Inc.3,141,248$134.1M2.4%−515,619
Schroder Investment Management Group2,269,484$96.9M0.1%−151,734
Ninety One UK Ltd1,074,120$45.9M0.1%−217,503
Cape Ann Asset Management Ltd996,424$42.5M9.8%−71,387
Contrarian Capital Management, L.l.c.992,413$42.4M13.8%No change
Amundi715,525$30.6M0.0%+12,221
Fourth Sail Capital LP679,328$29.0M4.4%New
Goldman Sachs Group Inc674,991$28.8M0.0%+547,581
Marshall Wace, Llp658,994$28.1M0.0%+624,509
Oaktree Capital Management LP572,324$24.4M0.6%−10,600
Russell Investments Group, Ltd.546,173$23.5M0.0%+27,552
Millennium Management LLC547,999$23.4M0.0%+522,481
Prudential PLC529,299$22.6M0.1%−61,482
Itau Unibanco Holding S.A.509,371$22.1M0.4%New
Ninety One North America, Inc.509,328$21.7M1.0%−88,839
BlackRock, Inc.508,728$21.7M0.0%+18,884
Robeco Institutional Asset Management B.V.430,485$18.4M0.0%+16,932
Nykredit A/S335,576$14.3M0.0%New
Qube Research & Technologies Ltd318,191$13.6M0.0%New
Neuberger Berman Group LLC297,437$12.7M0.0%+157,193
Citadel Advisors LLC232,929$9.9M0.0%+118,857
Mackenzie Financial Corp223,369$9.5M0.0%+104,140
Sagil Capital LLP204,756$8.7M4.3%New
Westwood Global Investments, LLC202,575$8.6M0.3%+21,553

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 18, 2025Sheri BiggsRepublican, HouseSale$1,001 - $15,000−34.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Ternium is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTernium S.A.2
  • CIK0001342874
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company38
  • Incorporated inGrand Duchy of Luxembourg38
  • Fiscal year endsDecember 312
  • Industry code (SIC)3312 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address26, Boulevard Royal, 4Th Floor, Luxembourg, N4 L-24492
  • Phone(352) 4661-11-38152
  • Shares outstanding2,004,743,442 shares as of Dec 31, 202538
  • AuditorPricewaterhouseCoopers Assurance, Société coopérative, 2 rue Gerhard Mercator, L-2182 Luxembourg PCAOB ID 1328; it also attests to the company’s internal control over financial reporting38
  • On EDGAR sinceJan 11, 20062
  • Filings561 in all: 6-K (393), UPLOAD (28), CORRESP (26), 20-F (21), 3 (21), SD (16), IRANNOTICE (14), 6-K/A (10)2
    All 25 form types

    SC 13D/A (10), SC 13G/A (5), SC 13G (3), 424A (1), 424B2 (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERTNYS (1), F-1 (1), F-1/A (1), F-3ASR (1), F-6 (1), NT 20-F (1), POS EX (1), SC 13D (1), SD/A (1)

  • Latest filingsAnnual report (20-F) Mar 31, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary SharesTXNew York Stock Exchange
Ordinary Shares, par value $1.00 per shareTXNew York Stock Exchange

From the cover page of the 20-F filed Mar 31, 2026 (Section 12(b) of the Exchange Act).38

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
    Yahoo FinanceTX quote
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38