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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.3 From Wikipedia, CC BY-SA 4.0

$57.10 up 0.22 (0.39%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 18, 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

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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

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

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 three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 5 such filings since October 2021:

  1. Jan 22, 2024SC 13D/A
  2. Nov 3, 2023SC 13D/A
  3. Mar 7, 2022SC 13D/A
  4. Dec 15, 2021SC 13D/A
  5. Nov 23, 2021SC 13D/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

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).

Sources

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

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