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TERADYNE, INC TER

Nasdaq · stock · Instruments For Meas & Testing of Electricity & Elec Signals · website · IPO 1979-05-15 · LEI

TERADYNE, INC statistics & valuation

Market cap$68.4B
P / E123.4×
P / S21.4×
P / B24.5×
P / FCF151.8×
Dividend yield0.11%
Net margin17.4%
Return on equity19.8%
FCF margin14.1%
Return on capital21.2%
Graham number -90.8%$36.97

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($36.97); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-2.50% 12.10% 21.50% 20.40% 25.10% 27.40% 22.70% 16.80% 19.20% 17.40% 2016201720182019202020212022202320242025
Gross margin (%)
54.70% 57.20% 58.10% 58.40% 57.20% 59.60% 59.20% 57.40% 58.50% 58.20% 2016201720182019202020212022202320242025
Operating margin (%)
-3.60% 24.60% 22.60% 24.10% 29.70% 32.40% 26.40% 18.70% 21.10% 20.40% 2016201720182019202020212022202320242025
Return on equity (%)
-2.40% 13.20% 29.70% 31.60% 35.50% 39.60% 29.20% 17.80% 19.20% 19.80% 2016201720182019202020212022202320242025
Shares outstanding
202.6M 201.6M 192.6M 179.5M 183.0M 183.6M 169.7M 164.3M 163.3M 159.7M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-1.60% 8.30% 16.70% 16.80% 21.50% 26.60% 20.40% 12.90% 14.60% 13.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
21.10% 24.40% 17.30% 19.40% 21.90% 26.10% 13.10% 15.90% 16.80% 14.10% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$0.21 $1.28 $2.35 $2.60 $4.28 $5.53 $4.22 $2.73 $3.32 $3.47 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TERADYNE, INC trades at about 116.1× earnings — above its 10-year norm (10-year range 15.3×–69.5×, median 26.5×).

15.3× 116.1×

Shaded band = 10-year range (15.3×–69.5×); dot = today's 116.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin58.2%58.5%57.4%59.2%59.6%57.2%58.4%58.1%57.2%54.7%
Operating margin20.4%21.1%18.7%26.4%32.4%29.7%24.1%22.6%24.6%-3.6%
Net margin17.4%19.2%16.8%22.7%27.4%25.1%20.4%21.5%12.1%-2.5%
FCF margin14.1%16.8%15.9%13.1%26.1%21.9%19.4%17.3%24.4%21.1%
Return on assets13.2%14.6%12.9%20.4%26.6%21.5%16.8%16.7%8.3%-1.6%
Return on equity19.8%19.2%17.8%29.2%39.6%35.5%31.6%29.7%13.2%-2.4%
Current ratio1.752.913.283.033.203.453.083.645.004.36

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.