Qnity Electronics, Inc. (Q) vs Teradyne, Inc. (TER)

Qnity Electronics, Inc. and Teradyne, Inc. are both Semiconductor Equipment & Materials companies. Teradyne, Inc. is the larger, with a market value of $33.2B against $23.0B — 1.4× the size. Teradyne, Inc. trades at the lower P/E: 24.8× against 40.6×. Teradyne, Inc. grew revenue faster over the last twelve months: 74.9% against 16.5%. Teradyne, Inc. has the higher net margin (27.5% vs 10.2%) and the higher return on invested capital (31.2% vs 6.36%). Across the 20 metrics below, Teradyne, Inc. leads on 13 and Qnity Electronics, Inc. on 7.

Valuation

Metric Q TER Semiconductor Equipment & Materials median
P/E 40.63 24.76 33.70
P/S 4.22 6.79 4.22
P/B 2.94 9.20 2.94
Price to free cash flow 29.62 33.11 31.49
EV/EBITDA 18.37 19.32 22.64
EV/Sales 4.75 6.74 4.97
Earnings yield 2.46% 4.04% 2.02%
Free cash flow yield 3.38% 3.02% 2.27%

Profitability

Metric Q TER Semiconductor Equipment & Materials median
Gross margin 46.92% 59.32% 46.86%
Operating margin 20.00% 32.11% 12.02%
Net margin 10.16% 27.46% 10.16%
Free cash flow margin 14.26% 20.49% 6.73%
Return on equity 6.46% 42.87% 5.31%
Return on assets 4.10% 29.17% 4.10%
Return on invested capital 6.36% 31.16% 6.36%

Growth

Metric Q TER Semiconductor Equipment & Materials median
Revenue growth (TTM) 16.51% 74.88% 15.82%
EPS growth (last fiscal year) (4.56%) 4.52% (4.56%)
Revenue growth, 5-year CAGR — 0.44% 10.11%
Net income growth, 5-year CAGR — (6.71%) 0.00%

Health

Metric Q TER Semiconductor Equipment & Materials median
Debt to equity 0.51 0.00 0.09
Current ratio 2.09 2.08 3.56
Net debt to EBITDA 2.31 (0.16) (0.49)

Dividend

Metric Q TER Semiconductor Equipment & Materials median
Dividend yield — 0.23% 0.59%
Payout ratio — 0.06 0.16

Size

Metric Q TER Semiconductor Equipment & Materials median
Market cap 23.02b 33.21b 3.04b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack