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 revenue.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 10 years

Total assets $4.2B

Total liabilities $1.4B

Shareholders equity $2.8B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	9.2%	19.6%	28.3%	27.1%	30.3%	29.3%	33.7%	44.1%	20.1%	17.6%
Accounts Receivable	24.7%	16.7%	15.8%	15.6%	14.9%	15.9%	15.8%	13.9%	12.8%	11.0%
Inventory	11.9%	10.6%	11.6%	10.3%	6.6%	7.1%	8.6%	7.3%	5.0%	7.8%
Prepaid Expenses	13.4%	15.2%	20.5%	16.9%	11.0%	8.3%	8.2%	8.1%	5.2%	6.2%
Other Current Assets	1.0%	0.6%	1.4%	0.5%	0.3%	—	—	—	—	0.5%
Total Current Assets	61.1%	64.4%	80.8%	71.6%	69.6%	77.4%	72.3%	82.5%	106.3%	92.6%
Property,Plant and Equipment	17.6%	18.0%	16.6%	13.3%	10.5%	12.6%	14.0%	13.3%	12.6%	14.5%
Operating Lease Assets	2.4%	2.5%	2.7%	2.3%	1.9%	1.7%	2.5%	—	—	—
Goodwill	16.3%	14.0%	15.5%	12.8%	11.5%	14.5%	18.1%	18.2%	11.8%	12.7%
Intangible Assets	1.6%	0.6%	1.3%	1.7%	2.0%	3.2%	5.5%	6.0%	3.7%	5.7%
Long Term Investments	16.8%	17.5%	4.9%	3.6%	9.2%	3.8%	4.6%	4.2%	5.9%	24.7%
Deferred Tax Assets	8.6%	7.9%	6.6%	4.5%	2.8%	2.8%	4.3%	4.2%	5.0%	7.7%
Other Noncurrent Assets	2.2%	1.8%	1.4%	0.9%	0.7%	0.3%	0.5%	0.5%	0.6%	0.7%
Total Assets	131.1%	131.5%	130.3%	111.0%	102.9%	117.0%	121.4%	128.8%	145.5%	157.6%
Liabilities
Accounts Payable	8.4%	4.8%	6.7%	4.4%	4.1%	4.3%	5.5%	4.8%	4.0%	5.4%
Accrued Liabilities	3.5%	3.2%	4.3%	3.6%	3.4%	2.5%	3.1%	3.7%	2.8%	2.9%
Deferred Revenue	1.6%	1.4%	1.4%	1.4%	1.5%	1.9%	2.0%	1.6%	1.4%	1.3%
Current Portion of Long Term Debt	6.3%	—	—	1.6%	0.5%	1.1%	—	—	—	—
Operating Lease Liabilities	0.6%	0.7%	0.7%	0.6%	0.5%	0.7%	0.8%	—	—	—
Other Current Liabilities	35.0%	22.1%	24.7%	23.7%	21.7%	22.5%	23.5%	22.7%	21.3%	21.3%
Total Current Liabilities	35.0%	22.1%	24.7%	23.7%	21.7%	22.5%	23.5%	22.7%	21.3%	21.3%
Deferred Revenue Noncurrent	1.6%	1.4%	1.4%	1.4%	1.5%	1.9%	2.0%	1.6%	1.4%	1.3%
Operating Lease Liabilities Noncurrent	2.0%	2.1%	2.4%	2.0%	1.5%	1.3%	2.0%	—	—	—
Deferred Tax Liabilities	0.0%	1.5%	1.5%	1.3%	1.1%	1.5%	1.6%	1.8%	1.4%	2.3%
Other Noncurrent Liabilities	0.2%	0.3%	0.7%	0.5%	0.4%	0.6%	0.9%	1.8%	0.5%	1.6%
Total Liabilities	43.5%	31.5%	35.9%	33.3%	33.6%	46.2%	56.9%	56.4%	54.1%	53.3%
Equity
Common Stock	0.6%	0.7%	0.7%	0.6%	0.5%	0.7%	0.9%	1.0%	1.1%	1.4%
Additional Paid In Capital	62.4%	67.7%	68.3%	55.7%	48.9%	56.6%	75.0%	79.6%	76.7%	90.9%
Retained Earnings	23.3%	34.4%	26.4%	23.0%	19.9%	12.4%	-10.5%	-7.5%	12.7%	13.1%
Treasury Stock	0.0%	7.1%	15.0%	42.9%	16.2%	2.8%	57.6%	39.2%	9.4%	25.4%
Accumulated Other Comprehensive Income	1.3%	-2.9%	-1.0%	-1.6%	-0.2%	1.1%	-0.8%	-0.6%	0.9%	-1.2%
Total Stockholders Equity	87.6%	100.0%	94.4%	77.7%	69.2%	70.7%	64.5%	72.5%	91.4%	104.3%
Total Liabilitiesand Equity	131.1%	131.5%	130.3%	111.0%	102.9%	117.0%	121.4%	128.8%	145.5%	157.6%

Income Statement

Revenue, expense, and profitability

20 accounts · 10 years

Revenue $3.2B

Operating income $650.1M

Net income $554.0M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	41.8%	41.5%	42.6%	40.8%	40.4%	42.8%	41.6%	41.9%	42.8%	45.3%
Expenses Research and Development	15.8%	16.3%	15.6%	14.0%	11.5%	12.0%	14.1%	14.4%	14.4%	16.7%
Expenses Selling,General and Administrative	20.3%	21.9%	21.6%	17.7%	14.8%	14.9%	19.0%	18.6%	16.3%	18.1%
Expenses Depreciation and Amortization	4.0%	4.2%	4.1%	3.5%	3.4%	4.1%	5.3%	5.4%	5.1%	6.8%
Expenses Share Based Compensation	2.0%	2.1%	2.2%	1.5%	1.2%	1.4%	1.7%	1.6%	1.6%	1.8%
Expenses Operating Expenses	37.8%	37.4%	38.7%	32.8%	27.2%	27.5%	34.3%	35.5%	32.6%	58.3%
Other Income Expense Gross Profit	58.2%	58.5%	57.4%	59.2%	59.6%	57.2%	58.4%	58.1%	57.2%	54.7%
Other Income Expense Operating Income	20.4%	21.1%	18.7%	26.4%	32.4%	29.7%	24.1%	22.6%	24.6%	-3.6%
Other Income Expense Interest Income	0.5%	0.9%	1.0%	0.2%	0.1%	0.2%	0.7%	1.0%	0.8%	0.5%
Other Income Expense Interest Expense	0.2%	0.1%	0.1%	0.1%	0.5%	0.8%	1.0%	1.0%	1.0%	0.2%
Other Income Expense Other Income/expense	-0.2%	-0.2%	0.0%	0.2%	-0.7%	-0.3%	-1.0%	-0.2%	0.1%	0.1%
Other Income Expense Income Before Tax	20.5%	21.6%	19.6%	26.6%	31.4%	28.9%	22.9%	22.3%	24.5%	-3.1%
Income Tax Income Tax Expense	2.5%	2.1%	2.9%	4.0%	4.0%	3.7%	2.5%	0.8%	12.5%	-0.7%
net Income net Income	17.4%	19.2%	16.8%	22.7%	27.4%	25.1%	20.4%	21.5%	12.1%	-2.5%
net Income Comprehensive Income	21.2%	17.3%	17.6%	21.3%	26.3%	26.8%	20.1%	20.1%	13.9%	-3.2%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	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%	0.0%	0.0%	0.0%	0.0%	-0.0%
Earnings Per Share Weighted Average Shares Basic	5.0%	5.6%	5.8%	5.0%	4.5%	5.3%	7.4%	8.9%	9.3%	11.6%
Earnings Per Share Weighted Average Shares Diluted	5.0%	5.8%	6.1%	5.4%	5.0%	5.9%	7.8%	9.2%	9.4%	11.6%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $674.4M

Investing cash flow $-368.6M

Financing cash flow $-562.2M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	17.4%	19.2%	16.8%	22.7%	27.4%	25.1%	20.4%	21.5%	12.1%	-2.5%
Operating Activities Depreciation and Amortization	4.0%	4.2%	4.1%	3.5%	3.4%	4.1%	5.3%	5.4%	5.1%	6.8%
Operating Activities Stock Based Compensation	2.0%	2.1%	2.2%	1.5%	1.2%	1.4%	1.7%	1.6%	1.6%	1.8%
Operating Activities Deferred Income Taxes	-1.6%	-1.6%	-1.4%	-1.2%	-0.5%	-0.5%	-0.4%	1.3%	1.7%	-3.6%
Operating Activities Changes In Operating Assets and Liabilities	12.3%	-2.2%	-3.4%	5.2%	6.4%	7.8%	7.0%	5.7%	1.8%	-2.1%
Operating Activities net Cash From Operating Activities	21.1%	23.8%	21.9%	18.3%	29.7%	27.8%	25.2%	22.7%	29.3%	26.0%
Investing Activities Capital Expenditures	7.0%	7.0%	6.0%	5.2%	3.6%	5.9%	5.9%	5.4%	4.9%	4.9%
Investing Activities Business Acquisitions	4.5%	0.0%	0.0%	0.0%	0.3%	-0.0%	3.5%	8.1%	—	—
Investing Activities Proceeds From Sale of Investments	0.3%	0.9%	2.3%	8.5%	7.2%	1.1%	4.6%	40.3%	24.7%	48.6%
Investing Activities net Cash From Investing Activities	-11.6%	-22.1%	-6.7%	1.4%	3.3%	-18.3%	-6.8%	43.9%	-12.3%	-36.5%
Financing Activities Proceeds From Debt	7.8%	6.6%	0.0%	0.0%	—	—	—	—	—	25.7%
Financing Activities Repayment of Debt	1.6%	6.6%	0.0%	0.0%	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	22.0%	7.0%	14.8%	23.8%	16.2%	2.8%	21.8%	39.2%	9.4%	8.3%
Financing Activities Dividends Paid	2.4%	2.7%	2.5%	2.2%	1.8%	2.1%	2.7%	3.2%	2.6%	2.8%
Financing Activities Proceeds From Stock Issuance	1.0%	1.3%	1.3%	0.9%	0.9%	0.9%	1.3%	1.0%	1.1%	1.2%
Financing Activities Tax Withholding On Stock Based Compensation	0.5%	0.5%	0.8%	1.1%	0.9%	0.7%	0.6%	1.0%	0.6%	0.5%
Financing Activities net Cash From Financing Activities	-17.6%	-8.9%	-18.8%	-28.3%	-27.2%	-5.1%	-25.0%	-43.0%	-11.5%	13.0%
Cash Reconciliation Effect of Exchange Rate On Cash	9.2%	19.6%	28.3%	27.1%	-0.1%	-0.0%	-0.0%	0.0%	0.2%	17.6%
Cash Reconciliation net Change In Cash	-8.1%	-7.2%	-3.6%	-8.5%	5.6%	4.5%	-6.7%	23.7%	5.7%	2.5%
Cash Reconciliation Cash At Beginning of Period	9.2%	19.6%	28.3%	27.1%	30.3%	29.3%	33.7%	44.1%	20.1%	17.6%
Cash Reconciliation Cash At End of Period	9.2%	19.6%	28.3%	27.1%	30.3%	29.3%	33.7%	44.1%	20.1%	17.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+58.2%	+58.5%	+57.4%	+59.2%	+59.6%	+57.2%	+58.4%	+58.1%	+57.2%	+54.7%
Operating margin	+20.4%	+21.1%	+18.7%	+26.4%	+32.4%	+29.7%	+24.1%	+22.6%	+24.6%	-3.6%
Net margin	+17.4%	+19.2%	+16.8%	+22.7%	+27.4%	+25.1%	+20.4%	+21.5%	+12.1%	-2.5%
FCF margin	+14.1%	+16.8%	+15.9%	+13.1%	+26.1%	+21.9%	+19.4%	+17.3%	+24.4%	+21.1%
Growth
Revenue CAGR (3y)	+0.4%	-8.7%	-5.0%	+11.2%	+20.8%	+13.5%	+9.4%	+8.6%	+9.0%	+7.1%
Returns
ROE	+19.8%	+19.2%	+17.8%	+29.2%	+39.6%	+35.5%	+31.6%	+29.7%	+13.2%	-2.4%
ROA	+13.2%	+14.6%	+12.9%	+20.4%	+26.6%	+21.5%	+16.8%	+16.7%	+8.3%	-1.6%
ROIC	+21.1%	—	—	+43.0%	+71.9%	+60.9%	—	—	—	—
Liquidity
Current ratio	1.75x	2.91x	3.28x	3.03x	3.20x	3.45x	3.08x	3.64x	5.00x	4.36x
Quick ratio	0.97x	1.64x	1.79x	1.80x	2.08x	2.01x	2.11x	2.56x	1.55x	1.34x
Leverage
D/E	0.50x	0.32x	0.38x	0.43x	0.49x	0.65x	0.88x	0.78x	0.59x	0.51x
Interest coverage	94.95x	165.54x	131.65x	223.70x	67.38x	38.39x	24.91x	21.75x	24.25x	-17.31x
Efficiency
Asset turnover	0.76x	0.76x	0.77x	0.90x	0.97x	0.85x	0.82x	0.78x	0.69x	0.63x
Cash conversion cycle	+120d	+112d	+99d	+109d	+76d	+82d	+84d	+73d	+55d	+59d

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Teradyne

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