Teradyne

Information Technology Semiconductor Materials & Equipment North Reading, Massachusetts Last filing Feb 19, 2026 · FY2025

                    Revenue
                    FY2025
                
$3.2B
                    3y CAGR +0.4%
                    
                    P30
                    
                    +13.1%
                    
                    Net income
                    FY2025
                
$554.0M
                    Net margin +17.4%
                    
                    P52
                    
                    +2.2%
                    
                    Total assets
                    FY2025
                
$4.2B
                    ROA +13.2%
                    
                    P73
                    
                    +12.8%
                    
                    Operating cash flow
                    FY2025
                
$674.4M
                    FCF margin +14.1%
                    
                    P28
                    
                    +0.3%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 5 years

Total assets $4.2B

Total liabilities $1.4B

Shareholders equity $2.8B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	7.0%	14.9%	21.7%	24.4%	29.5%
Accounts Receivable	18.8%	12.7%	12.1%	14.0%	14.5%
Inventory	9.1%	8.0%	8.9%	9.3%	6.4%
Prepaid Expenses	10.2%	11.6%	15.7%	15.2%	10.7%
Other Current Assets	0.8%	0.5%	1.1%	0.4%	0.2%
Total Current Assets	46.6%	49.0%	62.0%	64.5%	67.6%
Property,Plant and Equipment	13.5%	13.7%	12.8%	12.0%	10.2%
Operating Lease Assets	1.8%	1.9%	2.1%	2.1%	1.8%
Goodwill	12.5%	10.7%	11.9%	11.5%	11.2%
Intangible Assets	1.2%	0.4%	1.0%	1.5%	2.0%
Long Term Investments	12.8%	13.3%	3.8%	3.2%	8.9%
Deferred Tax Assets	6.6%	6.0%	5.0%	4.1%	2.7%
Other Noncurrent Assets	1.7%	1.3%	1.1%	0.8%	0.6%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	6.4%	3.6%	5.2%	4.0%	4.0%
Accrued Liabilities	2.7%	2.4%	3.3%	3.2%	3.3%
Deferred Revenue	1.2%	1.1%	1.1%	1.3%	1.4%
Current Portion of Long Term Debt	4.8%	—	—	1.4%	0.5%
Operating Lease Liabilities	0.5%	0.5%	0.5%	0.5%	0.5%
Other Current Liabilities	26.7%	16.8%	18.9%	21.3%	21.1%
Total Current Liabilities	26.7%	16.8%	18.9%	21.3%	21.1%
Deferred Revenue Noncurrent	1.2%	1.1%	1.1%	1.3%	1.4%
Operating Lease Liabilities Noncurrent	1.5%	1.6%	1.9%	1.8%	1.5%
Deferred Tax Liabilities	0.0%	1.1%	1.2%	1.2%	1.1%
Other Noncurrent Liabilities	0.2%	0.2%	0.6%	0.5%	0.4%
Total Liabilities	33.2%	24.0%	27.6%	30.0%	32.7%
Equity
Common Stock	0.5%	0.5%	0.5%	0.6%	0.5%
Additional Paid In Capital	47.6%	51.5%	52.4%	50.2%	47.6%
Retained Earnings	17.8%	26.2%	20.3%	20.7%	19.3%
Treasury Stock	0.0%	5.4%	11.5%	38.6%	15.8%
Accumulated Other Comprehensive Income	1.0%	-2.2%	-0.8%	-1.4%	-0.2%
Total Stockholders Equity	66.8%	76.0%	72.4%	70.0%	67.3%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

20 accounts · 5 years

Revenue $3.2B

Operating income $650.1M

Net income $554.0M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	76.3%	76.0%	76.8%	90.1%	97.2%
Expenses Cost of Revenue	31.9%	31.6%	32.7%	36.8%	39.3%
Expenses Research and Development	12.1%	12.4%	12.0%	12.6%	11.2%
Expenses Selling,General and Administrative	15.5%	16.6%	16.6%	15.9%	14.4%
Expenses Depreciation and Amortization	3.1%	3.2%	3.2%	3.2%	3.3%
Expenses Share Based Compensation	1.5%	1.6%	1.7%	1.4%	1.2%
Expenses Operating Expenses	28.9%	28.5%	29.7%	29.6%	26.4%
Other Income Expense Gross Profit	44.4%	44.5%	44.1%	53.3%	57.9%
Other Income Expense Operating Income	15.5%	16.0%	14.4%	23.8%	31.5%
Other Income Expense Interest Income	0.4%	0.7%	0.8%	0.2%	0.1%
Other Income Expense Interest Expense	0.2%	0.1%	0.1%	0.1%	0.5%
Other Income Expense Other Income/expense	-0.1%	-0.2%	0.0%	0.2%	-0.6%
Other Income Expense Income Before Tax	15.6%	16.4%	15.1%	24.0%	30.5%
Income Tax Income Tax Expense	1.9%	1.6%	2.2%	3.6%	3.8%
net Income net Income	13.2%	14.6%	12.9%	20.4%	26.6%
net Income Comprehensive Income	16.2%	13.2%	13.5%	19.2%	25.6%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	3.8%	4.3%	4.4%	4.5%	4.3%
Earnings Per Share Weighted Average Shares Diluted	3.8%	4.4%	4.7%	4.8%	4.8%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $674.4M

Investing cash flow $-368.6M

Financing cash flow $-562.2M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	13.2%	14.6%	12.9%	20.4%	26.6%
Operating Activities Depreciation and Amortization	3.1%	3.2%	3.2%	3.2%	3.3%
Operating Activities Stock Based Compensation	1.5%	1.6%	1.7%	1.4%	1.2%
Operating Activities Deferred Income Taxes	-1.2%	-1.3%	-1.1%	-1.1%	-0.5%
Operating Activities Changes In Operating Assets and Liabilities	9.4%	-1.7%	-2.6%	4.7%	6.2%
Operating Activities net Cash From Operating Activities	16.1%	18.1%	16.8%	16.5%	28.8%
Investing Activities Capital Expenditures	5.4%	5.3%	4.6%	4.7%	3.5%
Investing Activities Business Acquisitions	3.5%	0.0%	0.0%	0.0%	0.3%
Investing Activities Proceeds From Sale of Investments	0.2%	0.6%	1.8%	7.7%	7.0%
Investing Activities net Cash From Investing Activities	-8.8%	-16.8%	-5.2%	1.2%	3.2%
Financing Activities Proceeds From Debt	6.0%	5.0%	0.0%	0.0%	—
Financing Activities Repayment of Debt	1.2%	5.0%	0.0%	0.0%	—
Financing Activities Repurchase of Common Stock	16.8%	5.4%	11.4%	21.5%	15.8%
Financing Activities Dividends Paid	1.8%	2.1%	1.9%	2.0%	1.7%
Financing Activities Proceeds From Stock Issuance	0.8%	1.0%	1.0%	0.8%	0.9%
Financing Activities Tax Withholding On Stock Based Compensation	0.4%	0.4%	0.6%	0.9%	0.8%
Financing Activities net Cash From Financing Activities	-13.4%	-6.8%	-14.4%	-25.5%	-26.5%
Cash Reconciliation Effect of Exchange Rate On Cash	7.0%	14.9%	21.7%	24.4%	-0.1%
Cash Reconciliation net Change In Cash	-6.2%	-5.5%	-2.8%	-7.6%	5.5%
Cash Reconciliation Cash At Beginning of Period	7.0%	14.9%	21.7%	24.4%	29.5%
Cash Reconciliation Cash At End of Period	7.0%	14.9%	21.7%	24.4%	29.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+58.2%	+58.5%	+57.4%	+59.2%	+59.6%
Operating margin	+20.4%	+21.1%	+18.7%	+26.4%	+32.4%
Net margin	+17.4%	+19.2%	+16.8%	+22.7%	+27.4%
FCF margin	+14.1%	+16.8%	+15.9%	+13.1%	+26.1%
Growth
Revenue CAGR (3y)	+0.4%	-8.7%	-5.0%	+11.2%	+20.8%
Returns
ROE	+19.8%	+19.2%	+17.8%	+29.2%	+39.6%
ROA	+13.2%	+14.6%	+12.9%	+20.4%	+26.6%
ROIC	+21.1%	—	—	+43.0%	+71.9%
Liquidity
Current ratio	1.75x	2.91x	3.28x	3.03x	3.20x
Quick ratio	0.97x	1.64x	1.79x	1.80x	2.08x
Leverage
D/E	0.50x	0.32x	0.38x	0.43x	0.49x
Interest coverage	94.95x	165.54x	131.65x	223.70x	67.38x
Efficiency
Asset turnover	0.76x	0.76x	0.77x	0.90x	0.97x
Cash conversion cycle	+120d	+112d	+99d	+109d	+76d

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FY2025 fundamentals · no price

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Teradyne

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