Teradyne Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,190	2,820	2,676	3,155	3,703
Revenue Growth (YoY)	13.13%	5.37%	-15.17%	-14.79%	18.63%
Cost of Revenue	1,331	1,171	1,140	1,288	1,496
Gross Profit	1,859	1,649	1,537	1,867	2,207
Selling, General & Admin	649.56	615.84	582.57	536.04	546.61
Research & Development	504.6	460.88	418.09	440.59	427.61
Amortization of Goodwill & Intangibles	15.27	18.76	19	19.33	21.46
Other Operating Expenses	2.08	5.47	0.88	-26.41	2.08
Operating Expenses	1,172	1,101	1,021	969.56	997.76
Operating Income	687.1	547.97	516.21	897.59	1,209
Interest Expense	-	-3.59	-3.81	-3.72	-17.82
Interest & Investment Income	3.33	24.77	27.35	6.38	2.63
Earnings From Equity Investments	-19.91	-7.21	-	-	-
Currency Exchange Gain (Loss)	0.56	-15.79	-1.59	-8.32	-4.39
Other Non Operating Income (Expenses)	-	1.3	0.31	1.04	1.3
EBT Excluding Unusual Items	671.08	547.46	538.47	892.98	1,191
Merger & Restructuring Charges	-32.86	-8.8	-17.8	-2.9	-0.49
Gain (Loss) on Sale of Investments	-	7.4	7.5	-9	6.4
Gain (Loss) on Sale of Assets	-	57.12	-	3.41	-
Asset Writedown	-4.87	-	-	-	-
Legal Settlements	-	-	-	-41.4	-12
Other Unusual Items	-	-1.3	-2.6	-2.7	-23.57
Pretax Income	633.35	601.88	525.57	840.39	1,161
Income Tax Expense	79.3	59.5	76.82	124.88	146.37
Net Income	554.05	542.37	448.75	715.5	1,015
Net Income to Common	554.05	542.37	448.75	715.5	1,015
Net Income Growth	2.15%	20.86%	-37.28%	-29.48%	29.39%
Shares Outstanding (Basic)	159	159	154	158	165
Shares Outstanding (Diluted)	160	163	164	170	184
Shares Change (YoY)	-2.20%	-0.60%	-3.20%	-7.56%	0.32%
EPS (Basic)	3.48	3.41	2.91	4.52	6.15
EPS (Diluted)	3.47	3.32	2.73	4.22	5.53
EPS Growth	4.52%	21.61%	-35.31%	-23.69%	29.21%
Free Cash Flow	450.41	474.08	425.59	414.67	965.89
Free Cash Flow Per Share	2.82	2.90	2.59	2.44	5.26
Dividend Per Share	0.480	0.480	0.440	0.440	0.400
Dividend Growth	-	9.09%	-	10.00%	-
Gross Margin	58.26%	58.48%	57.42%	59.18%	59.59%
Operating Margin	21.54%	19.43%	19.29%	28.45%	32.65%
Profit Margin	17.37%	19.23%	16.77%	22.68%	27.40%
Free Cash Flow Margin	14.12%	16.81%	15.90%	13.14%	26.09%
EBITDA	815.08	667.71	627.1	1,008	1,334
EBITDA Margin	25.55%	23.68%	23.43%	31.96%	36.04%
D&A For EBITDA	127.98	119.74	110.89	110.68	125.49
EBIT	687.1	547.97	516.21	897.59	1,209
EBIT Margin	21.54%	19.43%	19.29%	28.45%	32.65%
Effective Tax Rate	12.52%	9.89%	14.62%	14.86%	12.61%
Revenue as Reported	-	2,820	2,676	3,155	3,703
Advertising Expenses	-	16.1	15.5	17.3	13.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.