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Ternium S.A.

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Built from Ternium S.A.'s own SEC filings · updates as new filings land · sources cited throughout

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← Research LibraryThe BriefFY2025 20-F · headline figures audited against SEC data

Ternium's revenue fell 11.6% to $15.61B as steel prices dropped and Mexican demand weakened amid U.S. tariffs, while peak spending on its Pesquería expansion turned free cash flow negative

The read at a glance✓ Audited against SEC data
  • Growth — Revenue down 11.6% to $15.61B; steel revenue per ton $978 from $1,081Watch
  • Profitability — Operating margin down 264 bps to 4.52%; net income $425.2MWatch
  • Cash flow — Free cash flow -$345.5M as capital spending rose 46.0%Watch
  • Accounting quality — Balance-sheet and manipulation screens not available; clean auditNote
  • Capital allocation — Dividends paid $530 million; Net Cash down $932 million to $712 millionNote
  • Usiminas — $405 million tax-asset write-down and $117 million litigation chargeWatch

Business

Ternium is a Luxembourg-based steel producer with its main operations in Mexico, Brazil and Argentina, making mainly flat steel, plus long products, with service centers across Latin America and iron ore mining in Mexico and Brazil. It controls the Brazilian steelmaker Usiminas and is itself controlled by San Faustin, which beneficially owned 65.03% of the shares. It reports in U.S. dollars.

Latest filings

  • 6-K · Company announcement (foreign filer)2026-10-08
  • 6-K · Company announcement (foreign filer)2026-08-05
  • 6-K · Company announcement (foreign filer)2026-08-04
  • 6-K · Company announcement (foreign filer)2026-07-08
  • 6-K · Company announcement (foreign filer)2026-07-08
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Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.

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