Teradyne, Inc. (TER)

Teradyne Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 28, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,860	2,820	2,676	3,155	3,703	3,121
Revenue Growth (YoY)	4.46%	5.37%	-15.17%	-14.79%	18.63%	36.01%
Cost of Revenue	1,177	1,171	1,140	1,288	1,496	1,336
Gross Profit	1,682	1,649	1,537	1,867	2,207	1,786
Selling, General & Admin	640.56	615.84	582.57	536.04	546.61	476.01
Research & Development	489.72	460.88	418.09	440.59	427.61	374.96
Amortization of Goodwill & Intangibles	16.48	18.76	19	19.33	21.46	30.8
Other Operating Expenses	3.37	5.47	0.88	-26.41	2.08	6.76
Operating Expenses	1,150	1,101	1,021	969.56	997.76	888.54
Operating Income	532.13	547.97	516.21	897.59	1,209	897.21
Interest Expense	-3.59	-3.59	-3.81	-3.72	-17.82	-24.18
Interest & Investment Income	12.03	24.77	27.35	6.38	2.63	5.98
Earnings From Equity Investments	-22.85	-7.21	-	-	-	-
Currency Exchange Gain (Loss)	-5.46	-15.79	-1.59	-8.32	-4.39	-6.12
Other Non Operating Income (Expenses)	1.3	1.3	0.31	1.04	1.3	0.27
EBT Excluding Unusual Items	513.57	547.46	538.47	892.98	1,191	873.16
Merger & Restructuring Charges	-22.72	-8.8	-17.8	-2.9	-0.49	-3.31
Gain (Loss) on Sale of Investments	7.4	7.4	7.5	-9	6.4	7.9
Gain (Loss) on Sale of Assets	-0.37	57.12	-	3.41	-	-
Legal Settlements	3.6	-	-	-41.4	-12	-
Other Unusual Items	-2.84	-1.3	-2.6	-2.7	-23.57	23.27
Pretax Income	498.64	601.88	525.57	840.39	1,161	901.02
Income Tax Expense	55.56	59.5	76.82	124.88	146.37	116.87
Net Income	443.08	542.37	448.75	715.5	1,015	784.15
Net Income to Common	443.08	542.37	448.75	715.5	1,015	784.15
Net Income Growth	-13.66%	20.86%	-37.28%	-29.48%	29.39%	67.74%
Shares Outstanding (Basic)	161	159	154	158	165	166
Shares Outstanding (Diluted)	161	163	164	170	184	183
Shares Change (YoY)	-1.19%	-0.60%	-3.20%	-7.56%	0.32%	2.00%
EPS (Basic)	2.76	3.41	2.91	4.52	6.15	4.72
EPS (Diluted)	2.75	3.32	2.73	4.22	5.53	4.28
EPS Growth	-12.63%	21.61%	-35.31%	-23.69%	29.21%	64.61%
Free Cash Flow	456.83	474.08	425.59	414.67	965.89	683.96
Free Cash Flow Per Share	2.84	2.90	2.59	2.44	5.26	3.74
Dividend Per Share	0.480	0.480	0.440	0.440	0.400	0.400
Dividend Growth	2.13%	9.09%	-	10.00%	-	11.11%
Gross Margin	58.83%	58.48%	57.42%	59.18%	59.59%	57.21%
Operating Margin	18.61%	19.43%	19.29%	28.45%	32.65%	28.74%
Profit Margin	15.50%	19.23%	16.77%	22.68%	27.40%	25.12%
Free Cash Flow Margin	15.97%	16.81%	15.90%	13.14%	26.09%	21.91%
EBITDA	655.46	667.71	627.1	1,008	1,334	1,024
EBITDA Margin	22.92%	23.68%	23.43%	31.96%	36.04%	32.80%
D&A For EBITDA	123.34	119.74	110.89	110.68	125.49	126.74
EBIT	532.13	547.97	516.21	897.59	1,209	897.21
EBIT Margin	18.61%	19.43%	19.29%	28.45%	32.65%	28.74%
Effective Tax Rate	11.14%	9.89%	14.62%	14.86%	12.61%	12.97%
Revenue as Reported	2,820	2,820	2,676	3,155	3,703	3,121
Advertising Expenses	-	16.1	15.5	17.3	13.4	12.8

Updated Sep 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q