TER
$336.59+0.32%
as of close, Oct 20, 2026
☾ AH $336.59 +0.32%
TER financial statements
The full income statement, balance sheet, and cash-flow statement for Teradyne Inc. (TER), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 163.2M2024-09 162.9M2024-12 161.7M2025-03 160.4M2025-06 159.1M2025-09 156.6M2025-12 156.6M2026-03 156.5M2026-06 156.3M-4.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | as ofJan 1 ’21 | |
| Revenue | 3.19B+13.1% | 2.82B+5.4% | 2.68B-15.2% | 3.16B-14.8% | 3.70B+18.6% | 3.12B+36.0% | |
| 1.86B+12.6% | 1.65B+7.3% | 1.54B-17.7% | 1.87B-15.4% | 2.21B+23.6% | 1.79B+33.3% | ||
| Cost of revenue | 1.33B+13.8% | 1.17B+2.8% | 1.14B-11.5% | 1.29B-13.9% | 1.50B+12.0% | 1.34B+39.8% | |
| 1.21B+14.4% | 1.06B+1.9% | 1.04B+0.0% | 1.04B+2.9% | 1.01B+17.3% | 857M+9.1% | ||
| Research & development | 505M+9.5% | 461M+10.2% | 418M-5.1% | 441M+3.0% | 428M+14.0% | 375M+16.2% | |
| Selling, general & administrative | 649M+5.2% | 617M+6.9% | 577M+3.4% | 558M+1.9% | 548M+17.8% | 465M+6.3% | |
| General & administrative | 169M+1.8% | 166M+3.9% | 159M+3.4% | 154M | — | — | |
| Selling & marketing | 367M+4.4% | 351M+9.9% | 319M+3.0% | 310M | — | — | |
| Amortization of intangibles | 15.3M-18.6% | 18.8M-1.2% | 19.0M-1.7% | 19.3M-9.9% | 21.5M-30.3% | 30.8M-23.3% | |
| Operating income | 650M+9.5% | 594M+18.5% | 501M-39.8% | 832M-30.7% | 1.20B+29.3% | 928M+67.7% | |
| Interest expense | 6.85M+90.9% | 3.59M-5.8% | 3.81M+2.3% | 3.72M-79.1% | 17.8M-26.3% | 24.2M+8.8% | |
| Interest & investment income | 15.7M-36.6% | 24.8M-9.4% | 27.3M+328.7% | 6.38M+142.8% | 2.63M-56.1% | 5.98M-64.8% | |
| Other non-operating income | -5.64M+4.2% | -5.89M-712.0% | 962K-83.4% | 5.79M+123.5% | -24.6M-167.3% | -9.19M+59.4% | |
| Equity-method income | -19.9M-176.2% | -7.21M | 0.00 | 0.00 | — | — | |
| Pre-tax income | 653M+7.3% | 609M+15.9% | 526M-37.5% | 840M-27.6% | 1.16B+28.8% | 901M+71.4% | |
| Income tax | 79.3M+33.3% | 59.5M-22.5% | 76.8M-38.5% | 125M-14.7% | 146M+25.2% | 117M+100.4% | |
| Net income | 554M+2.2% | 542M+20.9% | 449M-37.3% | 716M-29.5% | 1.01B+29.4% | 784M+67.7% | |
| $3.47+4.5% | $3.32+21.6% | $2.73-35.3% | $4.22-23.7% | $5.53 | — | ||
| EPS (basic) | $3.48+2.1% | $3.41+17.2% | $2.91-35.6% | $4.52-26.5% | $6.15 | — | |
| Weighted-avg shares (basic) | 159M+0.0% | 159M+3.1% | 154M-2.6% | 158M-4.0% | 165M-0.7% | 166M-2.5% | |
| Weighted-avg shares (diluted) | 160M-2.2% | 163M-0.6% | 164M-3.2% | 170M-7.6% | 184M+0.3% | 183M+2.0% | |
| Dividends per share | $0.48+0.0% | $0.48+9.1% | $0.44+0.0% | $0.44+10.0% | $0.40+0.3% | $0.40+8.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | as ofJan 1 ’21 | |
| 1.95B+7.3% | 1.82B-16.0% | 2.16B-4.2% | 2.26B-12.4% | 2.58B+6.7% | 2.42B+45.6% | ||
| Cash & equivalents | 294M-46.9% | 553M-27.0% | 758M-11.4% | 855M-23.8% | 1.12B+22.8% | 914M+18.1% | |
| Short-term investments | — | — | — | — | — | 522M+280.4% | |
| Accounts receivable | 787M+66.9% | 471M+11.7% | 422M-14.1% | 491M-10.8% | 551M+10.7% | 498M+37.3% | |
| Inventory | 380M+27.2% | 298M-3.7% | 310M-4.6% | 325M+33.6% | 243M+9.5% | 222M+13.0% | |
| Prepaid expenses | 428M-0.4% | 429M-21.8% | 549M+3.0% | 533M+31.2% | 406M+56.7% | 259M+37.5% | |
| Other current assets | 33.3M+87.7% | 17.7M-53.3% | 38.0M+163.8% | 14.4M+52.4% | 9.45M+2.2% | 9.25M | |
| 4.18B+12.8% | 3.71B+6.4% | 3.49B-0.4% | 3.50B-8.1% | 3.81B+4.3% | 3.65B+31.0% | ||
| Property, plant & equipment | 563M+10.8% | 508M+14.1% | 445M+6.4% | 419M+8.1% | 387M-1.9% | 395M+23.3% | |
| Operating lease right-of-use | 76.6M+9.2% | 70.2M-4.4% | 73.4M-0.4% | 73.7M+7.2% | 68.8M+26.1% | 54.6M-5.2% | |
| Goodwill | 521M+31.8% | 395M-4.9% | 416M+3.1% | 403M-5.4% | 426M-6.1% | 454M+9.0% | |
| Intangible assets | 51.3M+221.9% | 15.9M-55.0% | 35.4M-33.8% | 53.5M-29.3% | 75.6M-25.1% | 101M-19.6% | |
| Deferred tax assets | 275M+23.7% | 222M+26.5% | 176M+23.1% | 143M+39.4% | 102M+16.5% | 87.9M+16.9% | |
| Other non-current assets | 71.7M+44.5% | 49.6M+28.6% | 38.6M+33.4% | 28.9M+20.0% | 24.1M+156.8% | 9.38M-9.2% | |
| 1.12B+78.6% | 625M-5.4% | 660M-11.6% | 746M-7.3% | 805M+14.9% | 701M+30.0% | ||
| Accounts payable | 269M+99.7% | 135M-25.2% | 180M+28.9% | 140M-8.8% | 153M+14.6% | 134M+5.6% | |
| Short-term & current debt | 200M | — | — | — | — | — | |
| Current lease liability | 19.3M+3.4% | 18.7M+6.7% | 17.5M-5.8% | 18.6M-6.9% | 20.0M-2.9% | 20.6M+5.6% | |
| 1.39B+56.0% | 889M-7.4% | 961M-8.5% | 1.05B-15.7% | 1.25B-13.6% | 1.44B+10.3% | ||
| Deferred revenue (non-current) | 50.9M+25.6% | 40.5M+8.6% | 37.3M-17.4% | 45.1M-17.8% | 54.9M-5.9% | 58.4M+26.9% | |
| Non-current lease liability | 63.9M+10.3% | 57.9M-11.0% | 65.1M+1.4% | 64.2M+14.2% | 56.2M+33.5% | 42.1M-8.2% | |
| Operating lease liability (total) | 83.2M+8.6% | 76.6M-7.3% | 82.6M-0.2% | 82.8M+8.7% | 76.2M | — | |
| 2.80B-0.8% | 2.82B+11.6% | 2.53B+3.0% | 2.45B-4.3% | 2.56B+16.1% | 2.21B+49.1% | ||
| Common stock | 19.5M-3.5% | 20.2M+5.9% | 19.1M-2.0% | 19.5M-4.0% | 20.3M-2.3% | 20.8M-0.2% | |
| Additional paid-in capital | 1.99B+4.2% | 1.91B+4.5% | 1.83B+4.1% | 1.76B-3.1% | 1.81B+2.6% | 1.77B+2.6% | |
| Retained earnings | 744M-23.3% | 971M+37.4% | 707M-2.6% | 726M-1.5% | 737M+90.1% | 387M+260.1% | |
| Treasury stock | 709M+255.4% | 199M-50.2% | 401M-70.4% | 1.35B+125.4% | 600M-70.0% | 2.00B+700.0% | |
| Accumulated other comprehensive income | 41.9M+151.6% | -81.2M-201.1% | -27.0M+45.9% | -49.9M-738.4% | -5.95M-117.7% | 33.5M+277.8% | |
| Total equity incl. non-controlling | 2.80B-0.8% | 2.82B | — | — | — | — | |
| Total liabilities & equity | 4.18B+12.8% | 3.71B+6.4% | 3.49B-0.4% | 3.50B-8.1% | 3.81B+4.3% | 3.65B+31.0% | |
| Common shares issued | 156M-3.5% | 162M+5.9% | 153M-2.0% | 156M-4.0% | 162M-2.3% | 166M-0.2% | |
| Common shares outstanding | 156M-3.5% | 162M+5.9% | 153M-2.0% | 156M-4.0% | 162M-2.3% | 166M-0.2% | |
| Shares outstanding (cover) | 157M-3.2% | 162M+5.6% | 153M-1.9% | 156M-3.9% | 162M-2.6% | 167M-0.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | as ofJan 1 ’21 | |
| 674M+0.3% | 672M+14.9% | 585M+1.3% | 578M-47.4% | 1.10B+26.4% | 869M+50.1% | ||
| Depreciation & amortization | 128M+6.9% | 120M+8.0% | 111M+0.2% | 111M-11.8% | 125M+13.1% | 111M-0.1% | |
| Intangible amortization | 15.3M-18.6% | 18.8M-1.2% | 19.0M-1.7% | 19.3M-9.9% | 21.5M-30.3% | 30.8M-23.3% | |
| Share-based compensation | 64.0M+6.4% | 60.1M+4.2% | 57.7M+19.6% | 48.2M+5.7% | 45.6M+1.6% | 44.9M+18.5% | |
| Deferred income taxes | -52.1M-12.3% | -46.4M-23.2% | -37.6M+2.7% | -38.7M-123.6% | -17.3M-10.3% | -15.7M-65.9% | |
| Change in receivables | 306M+480.3% | 52.7M+174.2% | -71.0M-40.2% | -50.6M-187.6% | 57.8M-55.4% | 129M+83.8% | |
| Change in inventory | 28.4M+426.4% | -8.71M-63.5% | -5.33M-106.6% | 80.8M+1344.2% | -6.50M-177.0% | 8.44M-69.2% | |
| -369M+40.8% | -622M-246.4% | -180M-510.6% | 43.8M-63.7% | 120M+121.1% | -570M-263.7% | ||
| Capital expenditure | 224M+13.1% | 198M+24.1% | 160M-2.2% | 163M+23.2% | 132M-28.4% | 185M+37.4% | |
| Free cash flow | 450M-5.0% | 474M+11.4% | 426M+2.6% | 415M-57.1% | 966M+41.2% | 684M+54.0% | |
| Acquisitions | 144M | 0.00 | 0.00 | 0.00-100.0% | 12.0M+8153.7% | -149K-100.2% | |
| Purchases of investments | — | — | — | — | — | 900M+35.8% | |
| Sales/maturities of investments | 49.0M+27.6% | 38.4M-54.9% | 85.0M-61.9% | 223M-66.2% | 660M+37.6% | 480M-21.6% | |
| -562M-123.3% | -252M+49.8% | -502M+43.8% | -893M+11.5% | -1.01B-537.2% | -158M+72.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 702M+253.6% | 199M-50.0% | 397M-47.2% | 752M+25.3% | 600M+578.2% | 88.5M-82.3% | |
| Dividends paid | 76.3M-0.1% | 76.4M+12.6% | 67.9M-2.6% | 69.7M+5.7% | 66.0M-0.8% | 66.5M+8.4% | |
| FX effect on cash | — | — | — | — | -2.06M-213.8% | -658K-15.6% | |
| Net change in cash | -260M-27.1% | -204M-110.1% | -97.2M+63.7% | -267M-228.5% | 208M+48.4% | 140M+191.7% | |
| Interest paid | 3.16M+312.5% | 767K+159.1% | 296K-80.2% | 1.50M-64.6% | 4.24M-34.2% | 6.43M+7.3% | |
| Income taxes paid | 115M-5.2% | 121M-13.4% | 140M-27.4% | 193M+12.3% | 172M+61.5% | 107M+30.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | as ofJan 1 ’21 | |
| Market cap | 30.3B+48.8% | 20.4B+22.7% | 16.6B+21.9% | 13.6B-48.8% | 26.6B+33.4% | 19.9B+74.2% | |
| P/E | 54.7×+45.7% | 37.5×+14.1% | 32.9×+85.6% | 17.7×-32.3% | 26.2×-6.3% | 27.9×+18.8% | |
| P/S | 9.5×+31.5% | 7.2×+19.2% | 6.1×+47.4% | 4.1×-42.7% | 7.2×+8.7% | 6.6×+24.7% | |
| P/B | 10.8×+50.1% | 7.2×+6.3% | 6.8×+12.6% | 6.0×-41.8% | 10.4×+3.8% | 10.0×+29.6% | |
| P/FCF | 67.3×+56.6% | 43.0×-4.2% | 44.8×+87.2% | 24.0×-12.9% | 27.5×-11.7% | 31.1×+16.3% | |
| Earnings yield | 1.8%-31.4% | 2.7%-12.3% | 3.0%-46.1% | 5.6%+47.6% | 3.8%+6.7% | 3.6%-15.8% | |
| FCF yield | 1.5%-36.2% | 2.3%+4.4% | 2.2%-46.6% | 4.2%+14.8% | 3.6%+13.2% | 3.2%-14.0% | |
| Dividend yield | 0.25%-34.9% | 0.38%-6.0% | 0.41%-19.5% | 0.50%+105.9% | 0.24%-26.5% | 0.33%-38.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TER’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TER filings on SEC EDGAR → Not investment advice.