TER Financials Teradyne

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:32 UTC Overview →

Growth & profitability

Revenue has grown 0.4% per year over the past 5 years.
Net income has grown slower than revenue (-6.7% vs 0.4% per year).
Operating margin has contracted, at 20.4% in the latest year.
Free cash flow has declined 8.0% per year over the past 5 years.

Financial health

Operating income covered interest expense 95× in the latest year, up from 38× 5 years ago.

Shareholder returns

Dividends have been paid for 12 consecutive years, consuming 13.8% of earnings and 16.9% of free cash flow.
The dividend has grown 2.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$3.2B	$554M	58.2%	20.4%	19.8%	13.2%	$450M	—	$294M
2024	$2.8B	$542M	58.5%	21.1%	19.2%	14.6%	$474M	—	$553M
2023	$2.7B	$449M	57.4%	18.7%	17.8%	12.9%	$426M	—	$758M
2022	$3.2B	$716M	59.2%	26.4%	29.2%	20.4%	$415M	—	$855M
2021	$3.7B	$1.0B	59.6%	32.4%	39.6%	26.6%	$966M	—	$1.1B
2020	$3.1B	$784M	57.2%	29.7%	35.5%	21.5%	$684M	—	$914M
2019	$2.3B	$467M	58.4%	24.1%	31.6%	16.8%	$444M	—	$774M
2018	$2.1B	$452M	58.1%	22.6%	29.7%	16.7%	$363M	—	$927M
2017	$2.1B	$258M	57.2%	24.6%	13.2%	8.3%	$521M	—	$430M
2016	$1.8B	-$43M	54.7%	-3.6%	-2.4%	-1.6%	$370M	—	$308M
2015	$1.6B	$206M	55.8%	14.8%	10.5%	8.1%	—	—	$265M
2014	$1.6B	$81M	53.3%	5.9%	3.9%	3.2%	—	$0	$294M
2013	$1.4B	$165M	56.6%	13.4%	8.3%	6.3%	$161M	$0	$342M
2012	$1.7B	$217M	53.5%	17.3%	12.2%	8.9%	$284M	$171M	$339M
2011	$1.4B	$370M	49.8%	16.2%	24.6%	16.9%	$189M	$160M	$574M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$1.3B	$342M	59.1%	30.8%	9.3%	6.3%	$227M	—	$461M
Jun '26	$1.3B	$375M	59.8%	32.9%	10.9%	7.6%	$378M	—	$350M
Mar '26	$1.3B	$399M	60.9%	36.9%	12.7%	9.0%	$200M	—	$242M
Dec '25	$1.1B	$257M	57.2%	27.1%	9.2%	6.1%	$219M	—	$294M
Sep '25	$769M	$120M	58.4%	18.9%	4.4%	3.0%	$2M	—	$273M
Jun '25	$652M	$78M	57.2%	13.9%	2.8%	2.1%	$132M	—	$339M
Mar '25	$686M	$99M	60.6%	17.6%	3.5%	2.7%	$98M	—	$476M
Dec '24	$753M	$146M	59.4%	20.4%	5.2%	3.9%	$225M	—	$553M
Sep '24	$737M	$146M	59.2%	20.6%	5.0%	3.9%	$114M	—	$510M
Jun '24	$730M	$186M	58.3%	28.8%	6.8%	5.1%	$171M	—	$422M
Mar '24	$600M	$64M	56.6%	13.0%	2.5%	1.9%	-$37M	—	$707M
Dec '23	$671M	$117M	56.6%	18.5%	4.6%	3.4%	$204M	—	$758M
Oct '23	$704M	$128M	56.6%	20.5%	5.2%	3.8%	$140M	—	$637M
Jul '23	$684M	$120M	58.8%	20.4%	4.9%	3.5%	$104M	—	$613M
Apr '23	$618M	$84M	57.7%	15.0%	3.4%	2.5%	-$22M	—	$649M
Dec '22	$732M	$172M	57.5%	22.8%	7.0%	4.9%	$149M	—	$855M
Oct '22	$827M	$183M	58.7%	28.0%	8.1%	5.5%	$233M	—	$711M
Jul '22	$841M	$198M	60.2%	29.5%	8.6%	5.7%	$70M	—	$572M
Apr '22	$755M	$162M	60.2%	24.6%	6.5%	4.5%	-$37M	—	$795M
Dec '21	$885M	$224M	59.6%	29.0%	8.7%	5.9%	$302M	—	$1.1B

Valuation over time

How the market has priced TER against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 23.5× (Mar '23) to 73.5× (Nov '26).
The price-to-sales ratio has risen from 5.3× (Mar '23) to 12.8× (Nov '26).
The dividend yield has fallen from 0.4% (Mar '23) to 0.2% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is TER growing its revenue and profit?

Over the past 5 years, Teradyne's revenue has grown 0.4% per year, and net income declined 6.7% per year. These are computed facts, not advice.

How much debt does TER have?

As of FY2025, Teradyne reported — of total debt against $294M of cash; operating income covered interest expense 95×.

What is TER's profit margin?

In FY2025, gross margin was 58.2%, operating margin 20.4%, and net margin 17.4%.

What is TER's P/E ratio?

Teradyne's P/E (TTM) is 29.66 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the TER stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 73.5× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.