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.

Revenue
+69.8%
EPS
+192.0%
Free cash flow
+9,539.1%

Quarter to September 2026, against a year earlier

217.61 4.87 +2.29%
Market cap
$33.2B
P/E
24.8×
Fwd P/E
29.6×
Dividend yield
0.23%
F-score
5/9
Altman Z
15.08
Beneish M
−2.20
Dividend safety
90/100

Teradyne, Inc. (TER) Free cash flow margin

Alert me on Free cash flow margin

Teradyne, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 20.5%, up 6.4 percentage points from fiscal 2025 (14.1%). Over the past ten years it has ranged from 13.3% (fiscal 2022) to 26.1% (fiscal 2021); the current reading is higher than 18% of that period. That is above the Semiconductor Equipment & Materials industry median of 6.73% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 14.1% (2.69)
FY2024 16.8% 0.91
FY2023 15.9% 2.65
FY2022 13.3% (12.83)
FY2021 26.1% 4.17
FY2020 21.9% 2.56
FY2019 19.4% 2.09
FY2018 17.3% (7.13)
FY2017 24.4% 3.29
FY2016 21.1% 0.78

Against its own ten years

Low 13.3% High 26.1%
Ten-year median 19.4%
Current reading's percentile 18

Free cash flow margin against peers

Company Free cash flow margin
KLAC KLA Corporation compare 27.8%
LRCX Lam Research Corporation compare 25.0%
ONTO Onto Innovation Inc. compare 22.5%
TER Teradyne, Inc. 20.5%
NVMI Nova Ltd. compare 20.2%
FORM FormFactor, Inc. compare 18.6%
ENTG Entegris, Inc. compare 17.5%
Q Qnity Electronics, Inc. compare 14.3%
AMKR Amkor Technology, Inc. compare −0.20%
Semiconductor Equipment & Materials industry median 6.73%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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