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Teradyne

TER Clue Score54
United States Fiscal year ends December CIK 0000097210
$402.68 +0.99% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $402.68 +272.78% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,753.3Operating income−63.0Net income−43.4EPS, diluted−0.21Fiscal year 2017Revenue2,136.6 +21.9%Operating income525.3Net income257.7EPS, diluted1.28Fiscal year 2018Revenue2,100.8 −1.7%Operating income473.8Net income451.8 +75.3%EPS, diluted2.35 +83.6%Fiscal year 2019Revenue2,295.0 +9.2%Operating income553.7Net income467.5 +3.5%EPS, diluted2.60 +10.6%Fiscal year 2020Revenue3,121.5 +36.0%Operating income928.4Net income784.1 +67.7%EPS, diluted4.28 +64.6%Fiscal year 2021Revenue3,702.9 +18.6%Operating income1,200.7Net income1,014.6 +29.4%EPS, diluted5.53 +29.2%Fiscal year 2022Revenue3,155.0 −14.8%Operating income831.9Net income715.5 −29.5%EPS, diluted4.22 −23.7%Fiscal year 2023Revenue2,676.3 −15.2%Operating income501.1Net income448.8 −37.3%EPS, diluted2.73 −35.3%Fiscal year 2024Revenue2,819.9 +5.4%Operating income593.8Net income542.4 +20.9%EPS, diluted3.32 +21.6%Fiscal year 2025Revenue3,190.0 +13.1%Operating income650.1Net income554.0 +2.2%EPS, diluted3.47 +4.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,753.3 2,136.6 2,100.8 2,295.0 3,121.5 3,702.9 3,155.0 2,676.3 2,819.9 3,190.0
Growth +21.9% −1.7% +9.2% +36.0% +18.6% −14.8% −15.2% +5.4% +13.1%
Operating income −63.0 525.3 473.8 553.7 928.4 1,200.7 831.9 501.1 593.8 650.1
Net income −43.4 257.7 451.8 467.5 784.1 1,014.6 715.5 448.8 542.4 554.0
Growth +75.3% +3.5% +67.7% +29.4% −29.5% −37.3% +20.9% +2.2%
EPS, diluted −0.21 1.28 2.35 2.60 4.28 5.53 4.22 2.73 3.32 3.47
Growth +83.6% +10.6% +64.6% +29.2% −23.7% −35.3% +21.6% +4.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin54.7%Operating margin−3.6%Net margin−2.5%Free cash flow margin21.1%Fiscal year 2017Gross margin57.2%Operating margin24.6%Net margin12.1%Free cash flow margin24.4%Fiscal year 2018Gross margin58.1%Operating margin22.6%Net margin21.5%Free cash flow margin17.3%Fiscal year 2019Gross margin58.4%Operating margin24.1%Net margin20.4%Free cash flow margin19.4%Fiscal year 2020Gross margin57.2%Operating margin29.7%Net margin25.1%Free cash flow margin21.9%Fiscal year 2021Gross margin59.6%Operating margin32.4%Net margin27.4%Free cash flow margin26.1%Fiscal year 2022Gross margin59.2%Operating margin26.4%Net margin22.7%Free cash flow margin13.1%Fiscal year 2023Gross margin57.4%Operating margin18.7%Net margin16.8%Free cash flow margin15.9%Fiscal year 2024Gross margin58.5%Operating margin21.1%Net margin19.2%Free cash flow margin16.8%Fiscal year 2025Gross margin58.2%Operating margin20.4%Net margin17.4%Free cash flow margin14.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 54.7% 57.2% 58.1% 58.4% 57.2% 59.6% 59.2% 57.4% 58.5% 58.2%
Operating margin −3.6% 24.6% 22.6% 24.1% 29.7% 32.4% 26.4% 18.7% 21.1% 20.4%
Net margin −2.5% 12.1% 21.5% 20.4% 25.1% 27.4% 22.7% 16.8% 19.2% 17.4%
Free cash flow margin 21.1% 24.4% 17.3% 19.4% 21.9% 26.1% 13.1% 15.9% 16.8% 14.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow455.2Capital expenditure−85.3Free cash flow369.9Buybacks−146.3Dividends paid−48.6Fiscal year 2017Operating cash flow626.5Capital expenditure−105.4Free cash flow521.1 +40.9%Buybacks−200.3Dividends paid−55.4Fiscal year 2018Operating cash flow476.9Capital expenditure−114.4Free cash flow362.5 −30.4%Buybacks−823.5Dividends paid−67.3Fiscal year 2019Operating cash flow578.8Capital expenditure−134.6Free cash flow444.1 +22.5%Buybacks−500.0Dividends paid−61.3Fiscal year 2020Operating cash flow868.9Capital expenditure−185.0Free cash flow684.0 +54.0%Buybacks−88.5Dividends paid−66.5Fiscal year 2021Operating cash flow1,098.4Capital expenditure−132.5Free cash flow965.9 +41.2%Buybacks−600.0Dividends paid−66.0Fiscal year 2022Operating cash flow577.9Capital expenditure−163.2Free cash flow414.7 −57.1%Buybacks−752.1Dividends paid−69.7Fiscal year 2023Operating cash flow585.2Capital expenditure−159.6Free cash flow425.6 +2.6%Buybacks−397.2Dividends paid−67.9Fiscal year 2024Operating cash flow672.2Capital expenditure−198.1Free cash flow474.1 +11.4%Buybacks−198.6Dividends paid−76.4Fiscal year 2025Operating cash flow674.4Capital expenditure−224.0Free cash flow450.4 −5.0%Buybacks−702.1Dividends paid−76.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 455.2 626.5 476.9 578.8 868.9 1,098.4 577.9 585.2 672.2 674.4
Capital expenditure −85.3 −105.4 −114.4 −134.6 −185.0 −132.5 −163.2 −159.6 −198.1 −224.0
Free cash flow 369.9 521.1 362.5 444.1 684.0 965.9 414.7 425.6 474.1 450.4
Growth +40.9% −30.4% +22.5% +54.0% +41.2% −57.1% +2.6% +11.4% −5.0%
Buybacks −146.3 −200.3 −823.5 −500.0 −88.5 −600.0 −752.1 −397.2 −198.6 −702.1
Dividends paid −48.6 −55.4 −67.3 −61.3 −66.5 −66.0 −69.7 −67.9 −76.4 −76.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash307.9Shareholders’ equity1,828.7Fiscal year 2017Cash429.8Shareholders’ equity1,953.6Fiscal year 2018Cash926.8Shareholders’ equity1,522.4Fiscal year 2019Cash773.9Shareholders’ equity1,480.2Fiscal year 2020Cash914.1Shareholders’ equity2,207.0Fiscal year 2021Cash1,122.2Shareholders’ equity2,562.4Fiscal year 2022Cash854.8Shareholders’ equity2,451.3Fiscal year 2023Cash757.6Shareholders’ equity2,525.9Fiscal year 2024Cash553.4Shareholders’ equity2,819.3Fiscal year 2025Cash293.8Shareholders’ equity2,795.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 307.9 429.8 926.8 773.9 914.1 1,122.2 854.8 757.6 553.4 293.8
Shareholders’ equity 1,828.7 1,953.6 1,522.4 1,480.2 2,207.0 2,562.4 2,451.3 2,525.9 2,819.3 2,795.8

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,753.3 2,136.6 2,100.8 2,295.0 3,121.5 3,702.9 3,155.0 2,676.3 2,819.9 3,190.0
Growth +21.9% −1.7% +9.2% +36.0% +18.6% −14.8% −15.2% +5.4% +13.1%
793.7 912.7 880.4 955.1 1,335.7 1,496.2 1,287.9 1,139.6 1,171.0 1,332.7
958.6 1,221.5 1,220.4 1,339.8 1,785.7 2,206.7 1,867.2 1,536.7 1,648.9 1,857.3
Growth +27.4% −0.1% +9.8% +33.3% +23.6% −15.4% −17.7% +7.3% +12.6%
316.5 348.9 390.7 437.1 464.8 547.6 558.1 577.3 617.0 648.9
−63.0 525.3 473.8 553.7 928.4 1,200.7 831.9 501.1 593.8 650.1
Growth −9.8% +16.9% +67.7% +29.3% −30.7% −39.8% +18.5% +9.5%
−55.1 524.4 467.8 525.8 901.0 1,161.0 840.4 525.6 609.1 653.3
−11.6 266.7 16.0 58.3 116.9 146.4 124.9 76.8 59.5 79.3
−43.4 257.7 451.8 467.5 784.1 1,014.6 715.5 448.8 542.4 554.0
Growth +75.3% +3.5% +67.7% +29.4% −29.5% −37.3% +20.9% +2.2%
Per share
−0.21 1.30 2.41 2.74 4.72 6.15 4.52 2.91 3.41 3.48
−0.21 1.28 2.35 2.60 4.28 5.53 4.22 2.73 3.32 3.47
Growth +83.6% +10.6% +64.6% +29.2% −23.7% −35.3% +21.6% +4.5%
202.6 198.1 187.7 170.4 166.1 165.0 158.4 154.3 159.1 159.1
202.6 201.6 192.6 179.5 183.0 183.6 169.7 164.3 163.3 159.7
Growth −0.5% −4.5% −6.8% +2.0% +0.3% −7.6% −3.2% −0.6% −2.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 0.4% a year over five years, and earnings per share fell 4.1% a year.
  • The diluted share count fell 12.7% in five years, so buybacks did some of the work per share.
  • Operating margin is down 9.4 points on five years ago, at 20.4%.
  • A net loss in 1 of 10 years on file.