TERADYNE, INC TER
Last close
357.03
2026-09-04
Market cap
$55.82B
2026-06-28 share count
52-week range
109.56 - 487.91
Valuation FY2025 figures against the last close
P/S17.5x
P/E102.9x
P/FCF123.9x
EV/EBITDA71.6x
Dividend yield0.1%
Diluted EPS3.47
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3.48 | 3.41 | 2.91 | 4.52 | 6.15 | 4.72 | 2.74 | 2.41 | 1.30 | -0.21 |
| EPS, diluted | 3.47 | 3.32 | 2.73 | 4.22 | 5.53 | 4.28 | 2.60 | 2.35 | 1.28 | -0.21 |
| Shares, diluted (wtd. avg.) | $159.7M | $163.3M | $164.3M | $169.7M | $183.6M | $183.0M | $179.5M | $192.6M | $201.6M | $202.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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