Saturday 10 October 2026
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Teradyne, Inc.
TER Technology Semiconductor Equipment & Materials
Teradyne, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 13.1% from fiscal 2024. In the quarter to June 2026, revenue grew 103.9%, EPS grew 387.8% and free cash flow grew 187.4%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, operating cash flow growth for three.
401.80
3.08
+0.77%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
55.46 | 37.14 | 35.88 | 19.01 | 26.46 | 25.40 | 24.18 | 12.91 | 34.25 | 0.00 |
Piotroski F-Score |
5 | 7 | 6 | 4 | 8 | 8 | 7 | 6 | 9 | 5 |
P/S ratio |
9.65 | 7.10 | 6.04 | 4.32 | 7.29 | 6.38 | 5.06 | 2.80 | 4.10 | 2.93 |
Altman Z-Score |
15.08 | 15.55 | 12.50 | 10.40 | 15.82 | 10.67 | 7.18 | 4.81 | 6.37 | 4.53 |
Altman Z″-Score (non-manufacturers) |
5.05 | 7.37 | 7.21 | 7.56 | 7.96 | 6.74 | 4.88 | 5.38 | 7.03 | 5.15 |
P/FCF ratio |
68.38 | 42.25 | 37.99 | 32.56 | 27.93 | 29.12 | 26.17 | 16.25 | 16.79 | 13.90 |
Beneish M-Score |
(2.20) | (2.32) | (2.74) | (2.34) | (2.45) | (2.24) | (2.42) | (2.40) | (2.75) | (3.77) |
P/Operating CF |
109.36 | 70.89 | 64.99 | 74.23 | 81.43 | 76.48 | 53.72 | 31.60 | 59.34 | 138.09 |
Dividend Safety Score |
90 | — | — | — | — | — | — | — | — | — |
P/B ratio |
11.02 | 7.11 | 6.40 | 5.55 | 10.53 | 9.02 | 7.85 | 3.87 | 4.48 | 2.81 |
Price to Tangible BV |
13.85 | 8.32 | 7.79 | 6.83 | 13.09 | 12.05 | 12.39 | 5.80 | 5.39 | 3.42 |
EV/Sales |
9.63 | 6.92 | 5.76 | 4.06 | 6.95 | 6.05 | 4.85 | 2.45 | 3.43 | 2.46 |
EV/EBITDA |
39.49 | 27.34 | 25.20 | 13.60 | 19.39 | 17.90 | 16.50 | 8.78 | 11.59 | 13.83 |
EV/Operating CF |
45.56 | 29.02 | 26.35 | 22.18 | 23.41 | 21.74 | 19.22 | 10.80 | 11.71 | 9.48 |
EV/FCF |
68.22 | 41.14 | 36.23 | 30.66 | 26.63 | 27.62 | 25.05 | 14.21 | 14.08 | 11.67 |
Quick Ratio |
0.99 | 1.71 | 1.88 | 1.86 | 2.38 | 2.76 | 2.36 | 2.96 | 4.51 | 3.68 |
Current Ratio |
1.75 | 2.91 | 3.28 | 3.03 | 3.20 | 3.45 | 3.08 | 3.64 | 5.00 | 4.36 |
Net Debt/EBITDA |
(0.16) | (0.84) | (1.34) | (0.90) | (0.95) | (0.97) | (0.74) | (1.26) | (2.23) | (2.65) |
Debt/Assets |
4.78% | 0.00% | 0.00% | 1.43% | 2.85% | 11.23% | 14.84% | 14.04% | 11.77% | 12.77% |
Debt/Equity |
0.07 | 0.00 | 0.00 | 0.02 | 0.04 | 0.19 | 0.28 | 0.25 | 0.19 | 0.19 |
Asset Turnover |
0.81 | 0.78 | 0.77 | 0.86 | 0.99 | 0.97 | 0.84 | 0.72 | 0.73 | 0.66 |
Operating CF/Net income |
1.22 | 1.24 | 1.30 | 0.81 | 1.08 | 1.11 | 1.24 | 1.06 | 2.43 | (10.48) |
Capex/Depreciation |
(1.75) | (1.65) | (1.44) | (1.44) | (1.06) | (1.46) | (1.12) | (1.01) | (0.97) | (0.23) |
Interest Coverage |
94.95 | 165.54 | 131.65 | 223.70 | 67.38 | 38.39 | 24.91 | 21.75 | 24.25 | (17.31) |
| 19.73% | 20.29% | 18.03% | 28.54% | 42.55% | 42.53% | 31.14% | 25.99% | 13.63% | (2.29%) | |
| 14.04% | 15.08% | 12.84% | 19.57% | 27.19% | 24.35% | 17.02% | 15.54% | 8.78% | (1.64%) | |
ROIC |
15.20% | 16.72% | 18.35% | 32.36% | 57.53% | 49.14% | 35.22% | 37.70% | 60.60% | (3.93%) |
Return on Tangible Assets |
39.66% | 31.90% | 23.04% | 37.07% | 47.01% | 37.17% | 32.46% | 29.41% | 12.36% | (2.89%) |
Average Days of Receivables |
90.04 | 61.02 | 57.57 | 56.82 | 54.29 | 58.17 | 57.63 | 50.61 | 46.60 | 40.06 |
Research and Development Expense of Revenue |
15.82% | 16.34% | 15.62% | 13.96% | 11.55% | 12.01% | 14.07% | 14.35% | 14.38% | 16.66% |
Selling, General and Administrative Expense of Revenue |
20.34% | 21.88% | 21.57% | 17.69% | 14.79% | 14.89% | 19.05% | 18.60% | 16.33% | 18.05% |
Intangible Assets out of Total Assets |
0.14 | 0.11 | 0.13 | 0.13 | 0.13 | 0.15 | 0.19 | 0.19 | 0.11 | 0.12 |
Share Based Compensation of Revenue |
2.01% | 2.13% | 2.16% | 1.53% | 1.23% | 1.44% | 1.65% | 1.60% | 1.60% | 1.75% |
Graham Net Nets |
0.02 | 0.05 | 0.07 | 0.09 | 0.05 | 0.05 | 0.03 | 0.09 | 0.13 | 0.13 |
Graham Number |
37.14 | 36.77 | 32.79 | 39.67 | 46.48 | 37.56 | 23.47 | 21.06 | 16.92 | 0.00 |
Earnings Yield |
1.80% | 2.69% | 2.79% | 5.26% | 3.78% | 3.94% | 4.14% | 7.74% | 2.92% | (0.83%) |
Free Cash Flow Yield |
1.46% | 2.37% | 2.63% | 3.07% | 3.58% | 3.43% | 3.82% | 6.16% | 5.96% | 7.19% |
Revenue per Share |
20.05 | 17.73 | 17.34 | 19.91 | 22.45 | 18.79 | 13.47 | 11.19 | 10.79 | 8.65 |
Operating CF per Share |
4.24 | 4.23 | 3.79 | 3.65 | 6.66 | 5.23 | 3.40 | 2.54 | 3.16 | 2.25 |
Capex per Share |
(1.41) | (1.25) | (1.03) | (1.01) | (0.80) | (1.11) | (0.79) | (0.61) | (0.53) | (0.42) |
Free Cash Flow per Share |
2.83 | 2.98 | 2.76 | 2.64 | 5.86 | 4.12 | 2.61 | 1.93 | 2.63 | 1.83 |
Cash per Share |
2.02 | 3.77 | 5.31 | 5.65 | 8.28 | 8.65 | 5.35 | 5.95 | 8.98 | 5.82 |
Shareholders Equity per Share |
17.57 | 17.72 | 16.37 | 15.47 | 15.53 | 13.29 | 8.69 | 8.11 | 9.86 | 9.03 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
17.57 | 17.72 | 16.37 | 15.47 | 15.53 | 13.29 | 8.69 | 8.11 | 9.86 | 9.03 |
Free Cash Flow |
450.41 | 474.08 | 425.59 | 418.08 | 965.89 | 683.96 | 444.11 | 362.50 | 521.12 | 369.93 |
Working Capital |
834.09 | 1,191.82 | 1,502.08 | 1,511.65 | 1,771.11 | 1,714.56 | 1,119.86 | 1,256.20 | 1,815.95 | 1,251.11 |
Capital Expenditures |
(224.01) | (198.09) | (159.64) | (159.84) | (132.47) | (184.98) | (134.64) | (114.38) | (105.37) | (85.27) |
Net Current Asset Value |
561.45 | 926.98 | 1,201.11 | 1,207.96 | 1,329.25 | 970.11 | 352.03 | 548.23 | 1,114.38 | 689.97 |
EV/EBIT |
47.27 | 32.85 | 30.78 | 15.41 | 21.42 | 20.35 | 20.09 | 10.87 | 13.97 | 0.00 |
Capex to Sales |
0.07 | 0.07 | 0.06 | 0.05 | 0.04 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 |
Price to Operating Income |
47.38 | 33.74 | 32.27 | 16.36 | 22.47 | 21.45 | 20.99 | 12.43 | 16.66 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.23 | 0.24 | 0.25 | 0.26 | 0.32 | 0.32 | 0.38 | 0.40 | 0.40 | 1.48 |
Cash ROIC |
13.58% | 13.87% | 12.72% | 12.31% | 23.92% | 16.87% | 15.83% | 12.01% | 12.72% | 11.01% |
Accounts Receivable Turnover |
5.07 | 6.31 | 5.86 | 6.06 | 7.06 | 7.26 | 7.02 | 7.45 | 9.19 | 8.69 |
Accounts Payable Turnover |
6.60 | 7.44 | 7.13 | 8.80 | 10.43 | 10.26 | 8.40 | 9.41 | 10.07 | 8.47 |
Inventory Turnover |
3.93 | 3.85 | 3.59 | 4.53 | 6.43 | 6.38 | 5.45 | 6.74 | 7.52 | 5.49 |
Average Days of Payables |
73.73 | 42.02 | 57.70 | 39.60 | 37.36 | 36.52 | 48.39 | 41.74 | 34.46 | 43.80 |
Days of Inventory on Hand |
103.95 | 93.04 | 99.29 | 92.11 | 59.36 | 60.72 | 75.16 | 63.66 | 42.89 | 62.45 |
Average Receivables |
629.17 | 446.78 | 456.63 | 520.95 | 524.13 | 429.94 | 326.82 | 282.03 | 232.61 | 201.87 |
Average Payables |
201.99 | 157.46 | 159.93 | 146.43 | 143.40 | 130.14 | 113.65 | 93.54 | 90.88 | 93.86 |
Average Inventory |
339.02 | 304.23 | 317.50 | 284.17 | 232.76 | 209.44 | 175.12 | 130.53 | 121.74 | 144.77 |
Average Assets |
3,946.16 | 3,597.77 | 3,494.04 | 3,655.34 | 3,730.89 | 3,219.68 | 2,746.81 | 2,908.08 | 2,936.02 | 2,655.58 |
Average Common Equity |
2,807.52 | 2,672.60 | 2,488.60 | 2,506.87 | 2,384.73 | 1,843.59 | 1,501.26 | 1,738.00 | 1,891.15 | 1,897.22 |
Columns are period end dates