MARKETS / NASDAQ / TER

NASDAQ · INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS · LARGE CAP

Teradyne, Inc. TER

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$3.2B

▲ 13.1% YoY

Net income

$554.0M

▲ 2.2% YoY

Free cash flow

$450.4M

▼ 5.0% YoY

In brief

What this company does

Teradyne's automated test systems are used to test semiconductors, wireless products, data storage, silicon photonics, and complex electronics systems in industries including consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace and defense. In 2025, its five largest direct customers accounted in aggregate for 44% of its consolidated revenues. As of December 31, 2025, it employed approximately 6,600 employees, of whom approximately 2,200 were employed in the United States. Teradyne, Inc. was founded in 1960.

Written from the business description in TERADYNE, INC's annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.2B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.2 · Net income 0.6

Compound annual growth

Revenue

+0.4%

+6.9%

+4.9%

Net income

−8.2%

−6.7%

+10.4%

+2.5%

EPS, diluted

−6.3%

Dividend / share

+2.9%

Returned to shareholders

−1.8%

+38.1%

+8.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +0.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

17 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 20.4% · Net 17.4%

ROE

FY2025 · ROE 19.7%

Gross margin58.2%

Operating margin20.4%

Net margin17.4%

Return on assets14.0%

EBITDAUSD 778.0M

Each USD of equity produced 20 cents of profit this year.

Cash & shareholders

USD 778.4M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 450.4

Net buybacks $M Dividends $M

FY2025 · Dividends 76.3 · Net buybacks 702.1

Dividends paidUSD 76.3M

Net buybacksUSD 702.1M

Share of profit140.5%

Consecutive raises—

USD 76.3M in dividends and USD 702.1M in buybacks — 140% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 4.2B

EquityUSD 2.8B

CashUSD 293.8M

Gross debtUSD 200.0M

Net debtUSD -93.8M

Current ratio1.75×

The company holds more cash than debt.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	3.2	2.8	2.7	3.2	3.7	3.1	2.3	2.1	2.1	1.8	1.6	1.6	1.4	1.7	1.4	1.6	0.8	1.1
Operating income $B	0.7	0.6	0.5	0.8	1.2	0.9	0.6	0.5	0.5	−0.1	0.2	0.1	0.2	0.3	0.2	0.4	−0.1	−0.4
EBITDA $B	0.8	0.7	0.6	0.9	1.3	1.1	0.7	0.6	0.6	0.1	0.4	0.2	0.3	0.4	0.3	0.5	−0.0	−0.3
Income tax $B	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.3	−0.0	0.0	0.0	0.0	0.0	−0.1	0.0	−0.0	0.0
Net income $B	0.6	0.5	0.4	0.7	1.0	0.8	0.5	0.5	0.3	−0.0	0.2	0.1	0.2	0.2	0.4	0.4	−0.1	−0.4
Free cash flow $B	0.5	0.5	0.4	0.4	1.0	0.7	0.4	0.4	0.5	0.4	0.3	0.3	0.2	0.3	0.2	0.5	0.1	0.1
EPS, diluted $	3.47	3.32	2.73	4.22	5.53	4.28	2.60	2.35	1.28	−0.21	0.97	0.37	0.70	0.94	1.63	1.75	−0.77	−2.31
Dividend / sh $	0.48	0.48	0.44	0.44	0.40	0.40	0.36	0.09	0.28	0.24	0.24	0.18	·	·	·	·	·	·
Payout %	14	14	15	10	7	8	13	15	22	−112	25	46	·	·	·	·	·	·
ROE %	19.7	20.3	18.0	28.5	42.5	42.5	31.1	26.0	13.6	−2.3	10.2	4.0	8.8	13.2	28.2	43.1	−19.5	−55.5
Shares out B	0.16	0.16	0.15	0.16	0.16	0.00	0.17	0.18	0.20	0.20	0.20	0.22	0.19	0.19	0.18	0.18	0.17	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityInstruments For Meas & Testing of Electricity & Elec Signals

Listed onNASDAQ

Incorporated inMassachusetts

Fiscal year endsDecember 31

Data on record since2008