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Steel producer operating mills across Mexico, Argentina, Brazil and other Latin American countries.
Steel producer operating mills across Mexico, Argentina, Brazil and other Latin American countries.
Sells steel mainly in Mexico, its largest market, and Argentina, to carmakers, appliance makers and construction firms, partly under supply deals with big industrial customers. It also holds a stake in Brazil's Usiminas. The Techint group of the Rocca family controls it.
In one line: Latin America's version of a large integrated regional steelmaker..
Moat: narrow (scale, distribution, installed base). Leading steel scale and distribution network across Mexico/South America, though steel remains a cyclical commodity business.
Headquarters: Luxembourg City, Luxembourg · Founded: 1997 · Employees: 33,253
Size Ternium S.A. Sponsored ADR (TX) is a United States Materials company (Steel) with a market value of $9.65B, the 794th largest of 3,117 United States companies the cockpit tracks. Shares closed at $49.16 on 6 Nov 2026.
Performance Over six months the shares gained 4.8%, against -8.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 0.7% over the last twelve months (peer median +8.7%); the operating margin is 7.8% (peer median 6.5%).
Valuation It trades at 6.7× forward earnings against a peer median of 13.8× (2nd cheapest of 20).
Capital Return on invested capital runs 4.2 points below its cost of capital (9.1% WACC).
Short interest Short interest is 0.3% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $15.9B | $15.6B | $17.6B | $19.0B | $16.5B |
| Revenue growth | — | -11% | -7% | +15% | — |
| Gross profit | $2.76B | $2.42B | $2.52B | $3.91B | $3.91B |
| EBITDA | $2.02B | $1.69B | $1.68B | $3.07B | $3.42B |
| Net income | $695M | $426M | -$53.6M | $731M | $1.78B |
| Free cash flow | -$443M | -$156M | $66.2M | $1.17B | $2.22B |
| Capital expenditure | $2.03B | $2.51B | $1.86B | $1.58B | $585M |
| Total debt | $3.05B | $2.61B | $2.44B | $2.39B | $1.27B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ternium S.A. Sponsored ADR TX | $9.65B | +5% | -1% | 8% | 6.7× | n/a |
| Gerdau S.A. Pfd Sponsored ADR Repr 1 Pfd Sh GGB | $8.41B | -10% | +10% | 9% | 7.9× | 2.3% |
| ArcelorMittal MT.AS | $45.7B | 0% | -3% | 4% | 23.7× | n/a |
| Grupo Simec SAB de CV Sponsored ADR SIM | $4.22B | +4% | +17% | 16% | 14.1× | -9.2% |
| Companhia Siderurgica Nacional Sponsored ADR SID | $984M | -38% | +9% | 10% | n/a | n/a |
| Nucor NUE | $55.6B | +8% | +22% | 13% | 10.2× | 12.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.9% | -4.6% | 3rd lowest of 21 |
| 6-month return | +4.8% | -8.6% | 3rd highest of 21 |
| Distance from 52-week high | -18.4% | -24.6% | 7th highest of 21 |
| Revenue growth (TTM) | -0.7% | +8.7% | 7th lowest of 21 |
| Operating margin | 7.8% | 6.5% | 8th highest of 21 |
| Forward P/E | 6.7× | 13.8× | 2nd cheapest of 20 |
| ROIC minus cost of capital | -4.2 pp | -2.2 pp | 7th lowest of 21 |
| EV / EBITDA | 7.1× | 8.6× | 6th cheapest of 14 |
| Net debt / EBITDA | 0.2× | 1.7× | 5th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ternium S.A. Sponsored ADR TX | United States | $9.65B | +5% | -1% | 8% | 6.7× | n/a | n/a |
| Citic Pacific Special Steel 000708.SZ | China | $9.52B | -18% | 0% | 6% | 10.8× | -7.8% | +7.2% |
| Lloyds Metals & Energy LLOYDSME.NS | India | $10.6B | +3% | +171% | 33% | 13.4× | n/a | n/a |
| China Steel 2002.TW | Taiwan | $8.65B | 0% | -7% | 0% | 41.5× | n/a | n/a |
| Gerdau S.A. Pfd Sponsored ADR Repr 1 Pfd Sh GGB | United States | $8.41B | -10% | +10% | 9% | 7.9× | 2.3% | +8.0% |
| thyssenkrupp TKA.DE | Germany | $8.33B | +10% | -2% | 1% | n/a | n/a | n/a |
| Steel Authority of India SAIL.NS | India | $7.49B | -8% | +9% | 8% | 8.9× | 11.0% | +9.9% |
| Jindal Steel JINDALSTEL.NS | India | $12.6B | -7% | +26% | 10% | 21.2× | n/a | n/a |
| Inner Mongolia Baotou Steel Union 600010.SS | China | $13.5B | -26% | -6% | 3% | 66.3× | 14.7% | +2.5% |
| Commercial Metals CMC | United States | $6.85B | -12% | +20% | 9% | 9.3× | 6.2% | +6.9% |
| Jfe 5411.T | Japan | $6.66B | +2% | -4% | 2% | 8.4× | 13.2% | +7.1% |
| Cleveland-Cliffs CLF | United States | $6.54B | +4% | +8% | -1% | 6.6× | n/a | n/a |
| POSCO 005490.KS | South Korea | $14.4B | -42% | +4% | 3% | 11.2× | n/a | n/a |
| APL Apollo Tubes APLAPOLLO.NS | India | $6.42B | +11% | +16% | 7% | 39.8× | 22.1% | +22.1% |
| Mineral Resources MIN.AX | Australia | $6.36B | -34% | +44% | 25% | 13.8× | 4.2% | +11.6% |
| Jindal Stainless JSL.NS | India | $6.10B | -9% | +12% | 10% | 16.9× | 21.0% | +28.7% |
| Vallourec VK.PA | France | $5.51B | -31% | -7% | 14% | 15.5× | -7.6% | +3.3% |
| Kobe Steel 5406.T | Japan | $4.83B | 0% | -3% | 5% | 7.7× | -1.1% | +7.4% |
| Baoshan Iron & Steel 600019.SS | China | $19.9B | -3% | +6% | 3% | 14.4× | -9.6% | +2.4% |
| Zhejiang Hailiang 002203.SZ | China | $4.53B | -23% | +10% | 2% | 17.6× | n/a | n/a |
| Tube Investments of India TIINDIA.NS | India | $4.47B | -28% | +18% | 7% | 42.7× | n/a | n/a |