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 28 h ago 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

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	FCF	Total debt	Cash
2025	$3.2B	$554M	58.2%	20.4%	$450M	—	$294M
2024	$2.8B	$542M	58.5%	21.1%	$474M	—	$553M
2023	$2.7B	$449M	57.4%	18.7%	$426M	—	$758M
2022	$3.2B	$716M	59.2%	26.4%	$415M	—	$855M
2021	$3.7B	$1.0B	59.6%	32.4%	$966M	—	$1.1B
2020	$3.1B	$784M	57.2%	29.7%	$684M	—	$914M
2019	$2.3B	$467M	58.4%	24.1%	$444M	—	$774M
2018	$2.1B	$452M	58.1%	22.6%	$363M	—	$927M
2017	$2.1B	$258M	57.2%	24.6%	$521M	—	$430M
2016	$1.8B	-$43M	54.7%	-3.6%	$370M	—	$308M
2015	$1.6B	$206M	55.8%	14.8%	—	—	$265M
2014	$1.6B	$81M	53.3%	5.9%	—	$0	$294M
2013	$1.4B	$165M	56.6%	13.4%	$161M	$0	$342M
2012	$1.7B	$217M	53.5%	17.3%	$284M	$171M	$339M
2011	$1.4B	$370M	49.8%	16.2%	$189M	$160M	$574M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$1.3B	$399M	60.9%	36.9%	$200M	—	$242M
Dec '25	$1.1B	$257M	57.2%	27.1%	$219M	—	$294M
Sep '25	$769M	$120M	58.4%	18.9%	$2M	—	$273M
Jun '25	$652M	$78M	57.2%	13.9%	$132M	—	$339M
Mar '25	$686M	$99M	60.6%	17.6%	$98M	—	$476M
Dec '24	$753M	$146M	59.4%	20.4%	$225M	—	$553M
Sep '24	$737M	$146M	59.2%	20.6%	$114M	—	$510M
Jun '24	$730M	$186M	58.3%	28.8%	$171M	—	$422M
Mar '24	$600M	$64M	56.6%	13.0%	-$37M	—	$707M
Dec '23	$671M	$117M	56.6%	18.5%	$204M	—	$758M
Oct '23	$704M	$128M	56.6%	20.5%	$140M	—	$637M
Jul '23	$684M	$120M	58.8%	20.4%	$104M	—	$613M
Apr '23	$618M	$84M	57.7%	15.0%	-$22M	—	$649M
Dec '22	$732M	$172M	57.5%	22.8%	$149M	—	$855M
Oct '22	$827M	$183M	58.7%	28.0%	$233M	—	$711M
Jul '22	$841M	$198M	60.2%	29.5%	$70M	—	$572M
Apr '22	$755M	$162M	60.2%	24.6%	-$37M	—	$795M
Dec '21	$885M	$224M	59.6%	29.0%	$302M	—	$1.1B
Oct '21	$951M	$257M	60.1%	33.9%	$493M	—	$1.1B
Jul '21	$1.1B	$328M	59.6%	35.8%	$172M	—	$954M

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 133.9× (Jun '26).
The price-to-sales ratio has risen from 5.3× (Mar '23) to 23.3× (Jun '26).
The dividend yield has fallen from 0.4% (Mar '23) to 0.1% (Jun '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?

As of Jun '26, Teradyne traded at a price-to-earnings ratio of about 133.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.