Terex reported $3.53B of remaining performance obligations at 30 Sep 2026, up 9,443% from a year earlier and up 3% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 1.05.
Net new backlog added in the latest quarter: $113M.
Customer prepayments (contract liabilities) cover 7.7% of the backlog.
Twelve-month book-to-bill: 1.47, i.e. 1.47 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +9403 points — orders are running ahead of revenue.
By backlog size it ranks 143rd among US filers the cockpit tracks.
Terex backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$3.53B
$7.49B
0.5 yrs
$271M
30 Jun 2026
$3.42B
$6.68B
0.5 yrs
$242M
31 Mar 2026
$3.45B
$5.93B
0.6 yrs
$215M
31 Dec 2025
$39.0M
$5.42B
0.0 yrs
$44.0M
30 Sep 2025
$37.0M
$5.34B
0.0 yrs
$23.0M
30 Jun 2025
$31.0M
$5.17B
0.0 yrs
$17.0M
31 Mar 2025
$30.0M
$5.06B
0.0 yrs
$17.0M
31 Dec 2024
$20.0M
$5.13B
0.0 yrs
$20.0M
Questions
What is Terex's backlog?
Terex reported $3.53B of remaining performance obligations at 30 Sep 2026, up 9,443% from a year earlier and up 3% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 1.05.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.