Stock · TER · Technology
United States · Large Cap · listed since 1987 · Revenue 12 mo. $4.5B
Price as of 11/06/2026
Teradyne, Inc. engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.
Teradyne, Inc. engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa. The company operates through Semiconductor Test, Robotics, and Other segments. The Semiconductor Test segment offers products and services for wafer level and device package testing, and system level testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications. This segment also provides FLEX test platform systems; J750 test system to address the volume semiconductor devices, including microcontrollers; Magnum platform that tests memory devices, such as flash memory and DRAM; and ETS platform for semiconductor manufacturers, and assembly and test subcontractors in the analog/mixed signal markets. It serves integrated device manufacturers that integrate the fabrication of silicon wafers into their business; fabless companies that outsource the manufacturing of silicon wafers; foundries; and semiconductor assembly and test providers. The Robotics segment provides collaborative robotic arms and autonomous mobile robots for manufacturing, logistics, and industrial customers. It also provides product test instruments which includes operations related to the design, manufacturing and marketing of products and services for defense/aerospace test, circuit-board test, wireless test systems, and silicon photonics testing. The company has a strategic collaboration with Tokyo Electron Limited for the development of a test cell solution for device screening in AI and data center applications. Teradyne, Inc. was incorporated in 1960 and is headquartered in North Reading, Massachusetts.
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Summary
42.2 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €404.2M (2025), it supports €4.5B. The remaining €27.6B of the market value assume it grows 27.5% a year for 10 years and not at all afterwards.
Required FCF growth per year
27.5%
no growth afterwards
Price to operating cash flow 32.3×, within its usual range.
Middle half of 20 quarters: 19.4× to 32.9×, median 30.2×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
Since the last quarter
Q1 → Q2 2026
2 more unchanged: Gross margin, Shares outstanding
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 19.82% | 14.60% | Rank 65 |
| Return on capital (Greenblatt) | 44.11% | 29.77% | Rank 60 |
| EBIT margin | 20.38% | 17.40% | Rank 60 |
| FCF margin | 14.12% | 18.54% | Rank 40 |
| Gross margin | 58.22% | 48.47% | Rank 63 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 13.13% | 12.70% | Rank 52 |
| Earnings growth, 3 years per year | −5.88% | 9.54% | Rank 19 |
| Earnings growth, 5 years per year | −3.88% | 14.07% | Rank 12 |
| Sustainable growth (ROE × retained earnings) | 7.02% | 2.87% | Rank 76 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 1.61% | 2.64% | Rank 27 |
| FCF yield | 1.26% | 3.06% | Rank 22 |
| EV/saleslower is better | 11.23 | 5.18 | Rank 23 |
| EV/EBITlower is better | 55.13 | 26.24 | Rank 23 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 8.33% | −0.59% | Rank 61 |
| Share price, 6 months | −38.86% | −4.46% | Rank 12 |
| Share price, 3 months | −37.34% | −5.84% | Rank 5 |
| Distance from 52-week high | −54.90% | −33.23% | Rank 13 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | 6.30% | 1.65% | Rank 32 |
| Change in share countlower is better | −3.47% | −0.17% | Rank 89 |
| Dividend streak in years | 11 | 8 | Rank 74 |
| Price reaction to results, market-adjusted | −3.46% | −1.57% | Rank 36 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 67.04% | 53.98% | Rank 76 |
| Net debt/EBITDAlower is better | 0.03 | −0.20 | Rank 44 |
| Debt to equitylower is better | 0.12 | 0.33 | Rank 71 |
| Volatility, 1 yearlower is better | 76.00% | 50.37% | Rank 17 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF, $M | Shares | Net debt, $M |
|---|---|---|---|---|---|
| 2016 | 1.8 | −3.6% | 360.5 | 203M | 44.8 |
| 2017 | 2.1 | 24.6% | 521.1 | 202M | −63.9 |
| 2018 | 2.1 | 22.6% | 362.5 | 193M | −546.8 |
| 2019 | 2.3 | 24.1% | 444.1 | 179M | −268.1 |
| 2020 | 3.1 | 29.7% | 684.0 | 183M | −399.3 |
| 2021 | 3.7 | 32.4% | 965.9 | 184M | −881.4 |
| 2022 | 3.2 | 26.4% | 414.7 | 170M | −657.7 |
| 2023 | 2.7 | 18.7% | 425.6 | 164M | −675.0 |
| 2024 | 2.8 | 21.1% | 474.1 | 163M | −418.8 |
| 2025 | 3.2 | 20.4% | 450.4 | 158M | 53.4 |
2 of 7 StockScorer Score rules met · How the score is built
Teradyne Inc mainly meets criteria in the Profitability category. Result from 18 strategies checked.
Teradyne Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
2 of 7 rules met
3 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Teradyne Inc.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 62.1 | 35.1 |
| P/B ratio | 12.3 | 5.5 |
| Return on equity (ROE) | 19.8% | 14.6% |
| Equity ratio | 67.0% | 54.0% |
| Debt-to-equity (D/E) | 0.12 | 0.33 |
| Dividend yield | 0.2% | 0.9% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| TER | Teradyne Incthis page | |
| Q | Qnity Electronics, Inc | Low3.6 |
| ENTG | Entegris Inc | locked |
| ASM.AS | ASM International NV | locked |
| 688012.SS | Advanced Micro Fabrication Inc | locked |
| 6146.T | Disco Corporation | locked |
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