TERADYNE, INC TER

Technology SIC 3825 - Instruments For Meas & Testing of Electricity & Elec Signals NAICS Manufacturing › Computer and Electronic Product Manufacturing › Navigational, Measuring, Electromedical, and Control Instruments Manufacturing › Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals derived Nasdaq

Last close 308.85 2026-10-23
Market cap $48.29B 2026-06-28 share count
52-week range 144.11 - 487.91

Valuation FY2025 figures against the last close

P/S15.1x
P/E89.0x
P/FCF107.2x
EV/EBITDA61.9x
Dividend yield0.2%
Diluted EPS3.47

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.19B$2.82B$2.68B$3.16B$3.70B$3.12B$2.29B$2.10B$2.14B$1.75B
Cost of revenue $1.33B$1.17B$1.14B$1.29B$1.50B$1.34B$955.1M$880.4M$915.2M$794.6M
Gross profit $1.86B$1.65B$1.54B$1.87B$2.21B$1.79B$1.34B$1.22B$1.22B$958.6M
SG&A $648.9M$617.0M$577.3M$558.1M$547.6M$464.8M$437.1M$390.7M$348.9M$316.5M
Total operating expenses $1.21B$1.06B$1.04B$1.04B$1.01B$857.3M$786.2M$746.6M$696.1M$1.02B
Operating income $650.1M$593.8M$501.1M$831.9M$1.20B$928.4M$553.7M$473.8M$525.3M-$63.0M
Interest expense $6.8M$3.6M$3.8M$3.7M$17.8M$24.2M$22.2M$21.8M$21.7M$3.6M
Pre-tax income $653.3M$609.1M$525.6M$840.4M$1.16B$901.0M$525.8M$467.8M$524.4M-$55.1M
Income tax $79.3M$59.5M$76.8M$124.9M$146.4M$116.9M$58.3M$16.0M$266.7M$11.6M
Net income $554.0M$542.4M$448.8M$715.5M$1.01B$784.1M$467.5M$451.8M$257.7M-$43.4M
EPS, basic 3.483.412.914.526.154.722.742.411.30-0.21
EPS, diluted 3.473.322.734.225.534.282.602.351.28-0.21
Shares, diluted (wtd. avg.) 159.7M163.3M164.3M169.7M183.6M183.0M179.5M192.6M201.6M202.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $293.8M$553.4M$757.6M$854.8M$1.12B$914.1M$773.9M$926.8M$429.8M$307.9M
Receivables $786.9M$471.4M$422.1M$491.1M$550.7M$497.5M$362.4M$291.3M$272.8M$192.4M
Inventory $379.6M$298.5M$310.0M$325.0M$243.3M$222.2M$196.7M$153.5M$107.5M$136.0M
Total current assets $1.95B$1.82B$2.16B$2.26B$2.58B$2.42B$1.66B$1.73B$2.27B$1.62B
Property, plant and equipment $563.0M$508.2M$445.5M$418.7M$387.2M$394.8M$320.2M$279.8M$268.4M$253.8M
Goodwill $521.0M$395.4M$415.7M$403.2M$426.0M$453.9M$416.4M$381.9M$252.0M$223.3M
Other intangibles $51.3M$15.9M$35.4M$53.5M$75.6M$100.9M$125.5M$125.5M$79.1M$100.4M
Total assets $4.18B$3.71B$3.49B$3.50B$3.81B$3.65B$2.79B$2.71B$3.11B$2.76B
Accounts payable $269.2M$134.8M$180.1M$139.7M$153.1M$133.7M$126.6M$100.7M$86.4M$95.4M
Short-term debt $200.0M—————————
Total current liabilities $1.12B$624.6M$660.0M$746.3M$805.1M$700.9M$539.0M$476.3M$454.3M$372.7M
Total liabilities $1.39B$889.4M$960.9M$1.05B$1.25B$1.44B$1.31B$1.18B$1.16B$933.8M
Retained earnings $744.4M$970.8M$706.5M$725.7M$736.6M$387.4M-$241.9M-$158.2M$272.0M$230.3M
Total equity $2.80B$2.82B$2.53B$2.45B$2.56B$2.21B$1.48B$1.52B$1.95B$1.83B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $674.4M$672.2M$585.2M$577.9M$1.10B$868.9M$578.8M$476.9M$626.5M$455.2M
Depreciation and amortisation $128.0M$119.7M$110.9M$110.7M$125.5M$126.7M$120.7M$113.2M$108.1M$120.0M
Stock-based compensation $64.0M$60.1M$57.7M$48.2M$45.6M$44.9M$37.9M$33.6M$34.1M$30.8M
Capital expenditure $224.0M$198.1M$159.6M$163.2M$132.5M$185.0M$134.6M$114.4M$105.4M$85.3M
Investing cash flow -$368.6M-$622.3M-$179.6M$43.8M$120.4M-$569.8M-$156.7M$923.0M-$262.8M-$640.5M
Financing cash flow -$562.2M-$251.8M-$501.9M-$893.0M-$1.01B-$158.3M-$574.3M-$903.4M-$245.2M$228.4M
Dividends paid $76.3M$76.4M$67.9M$69.7M$66.0M$66.5M$61.3M$67.3M$55.4M$48.6M
Buybacks $702.1M$198.6M$397.2M$752.1M$600.0M$88.5M$500.0M$823.5M$200.3M$146.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-059002.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B 4B Revenue, FY2016: 1.8B Gross profit, FY2016: 958.6M Net income, FY2016: -43.4M Revenue, FY2017: 2.1B Gross profit, FY2017: 1.2B Net income, FY2017: 257.7M Revenue, FY2018: 2.1B Gross profit, FY2018: 1.2B Net income, FY2018: 451.8M Revenue, FY2019: 2.3B Gross profit, FY2019: 1.3B Net income, FY2019: 467.5M Revenue, FY2020: 3.1B Gross profit, FY2020: 1.8B Net income, FY2020: 784.1M Revenue, FY2021: 3.7B Gross profit, FY2021: 2.2B Net income, FY2021: 1B Revenue, FY2022: 3.2B Gross profit, FY2022: 1.9B Net income, FY2022: 715.5M Revenue, FY2023: 2.7B Gross profit, FY2023: 1.5B Net income, FY2023: 448.8M Revenue, FY2024: 2.8B Gross profit, FY2024: 1.6B Net income, FY2024: 542.4M Revenue, FY2025: 3.2B Gross profit, FY2025: 1.9B Net income, FY2025: 554M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.75B $2.14B $2.10B $2.29B $3.12B $3.70B $3.16B $2.68B $2.82B $3.19B
Gross profit $958.6M $1.22B $1.22B $1.34B $1.79B $2.21B $1.87B $1.54B $1.65B $1.86B
Net income -$43.4M $257.7M $451.8M $467.5M $784.1M $1.01B $715.5M $448.8M $542.4M $554.0M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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