
Teradyne Income Statement 2025-2007 | TER
Brief overview of financial results at Teradyne
This overview is based on financial performance over the past five years. According to figures from Teradyne, revenue changed from 3.1 billion dollars to 3.2 billion dollars over five years. The total change was +2.2%, with a CAGR of approximately 0.4%. Sales changed only slightly and remained broadly flat.
Gross profit was 1.8 billion dollars at the start and 1.9 billion dollars at the end of the period (+4%). Direct costs broadly followed the top-line trend. Gross profit as a share of revenue changed from 57.2% to 58.2%. The gross margin stayed within a similar range.
The five-year EBITDA result moved by −26.3%: from $1.1 billion to $778 million. Operating performance weakened relative to revenue. EBITDA margin moved from 33.8% to 24.4%. A lower EBITDA share weakens the quality of the result.
Over the period, net income shifted from $784 million to $554 million (−29.3%). The final result developed less favorably than the core business.
The market value of the business moved from 18.8 billion dollars to 50.2 billion dollars, or +167.2%. The share-price trend moved ahead of the financial performance.
Summary assessment
The current trajectory does not yet confirm a sustainable recovery. The constructive conclusion rests on better sales economics. The weaker side of the profile includes a weaker final result, a softer top-line trend and pressure on operating profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Teradyne
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
50.2 B | 18.8 B | 15.9 B | 15.9 B | 19.4 B | 18.8 B | 11.7 B | 6.93 B | 9.18 B | 5.83 B | 4.11 B | 3.67 B | 3.64 B | 3.03 B | 3.13 B | 1.89 B | 1.3 B | 2.26 B | - |
Shares |
159 M | 159 M | 154 M | 158 M | 165 M | 166 M | 170 M | 188 M | 198 M | 203 M | 212 M | 203 M | 191 M | 187 M | 185 M | 180 M | 174 M | 171 M | - |
Historical Prices |
316 | 118 | 103 | 100 | 117 | 113 | 65.5 | 35.4 | 44.7 | 27.4 | 18.6 | 17.1 | 17.6 | 15.2 | 15.3 | 10.5 | 7.49 | 13.2 | 17 |
Net Income |
554 M | 542 M | 449 M | 716 M | 1.01 B | 784 M | 467 M | 452 M | 258 M | -43.4 M | 206 M | 81.3 M | 165 M | 217 M | 374 M | 385 M | -134 M | -394 M | - |
Revenue |
3.19 B | 2.82 B | 2.68 B | 3.16 B | 3.7 B | 3.12 B | 2.29 B | 2.1 B | 2.14 B | 1.75 B | 1.64 B | 1.65 B | 1.43 B | 1.66 B | 1.43 B | 1.57 B | 777 M | 1.11 B | - |
Cost of Revenue |
1.33 B | 1.17 B | 1.14 B | 1.29 B | 1.5 B | 1.34 B | 955 M | 880 M | 913 M | 794 M | 724 M | 769 M | 619 M | 771 M | 715 M | 709 M | 478 M | 609 M | - |
Gross Profit |
1.86 B | 1.65 B | 1.54 B | 1.87 B | 2.21 B | 1.79 B | 1.34 B | 1.22 B | 1.22 B | 960 M | 916 M | 879 M | 809 M | 886 M | 714 M | 858 M | 299 M | 498 M | - |
Operating Income |
650 M | 594 M | 501 M | 832 M | 1.2 B | 928 M | 554 M | 474 M | 525 M | -63 M | 243 M | 96.4 M | 191 M | 287 M | 231 M | 415 M | -125 M | -381 M | - |
Interest Expense |
6.85 M | 3.59 M | 3.81 M | 3.72 M | 17.8 M | 24.2 M | 22.2 M | 21.8 M | 21.7 M | 3.64 M | 1.88 M | 6.93 M | 26.1 M | 24.5 M | 23.7 M | 24.5 M | 22.4 M | -14.2 M | - |
EBITDA |
778 M | 714 M | 612 M | 943 M | 1.33 B | 1.06 B | 580 M | 528 M | 570 M | 353 M | 317 M | 267 M | 265 M | 353 M | 349 M | 508 M | -20.4 M | -309 M | - |
Operating Expenses |
1.21 B | 1.06 B | 1.04 B | 1.04 B | 1.01 B | 857 M | 800 M | 731 M | 684 M | 659 M | 668 M | 682 M | 616 M | 606 M | 478 M | 443 M | 424 M | 879 M | - |
General and Administrative Expenses |
169 M | 166 M | 159 M | 154 M | 548 M | 465 M | - | - | - | - | - | - | - | - | - | 225 M | 195 M | 248 M | - |
All numbers in USD currency
Quarterly Income Statement Teradyne
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
156 M | 156 M | 159 M | 160 M | 162 M | 162 M | 163 M | 158 M | 153 M | 153 M | 154 M | 155 M | 156 M | 156 M | 156 K | 160 M | 162 M | 162 M | 165 M | 166 M | 166 M | 166 K | 166 M | 166 M | 167 M | 166 M | 170 M | 171 M | 174 M | 176 M | 186 M | 191 M | 195 M | 196 M | 197 M | 199 M | 200 M | 199 M | 202 M | 203 M | 204 M | 204 M | 210 M | 214 M | 217 M | 217 M | 207 M | 194 M | 193 M | 192 M | 191 M | 191 M | 190 M | 188 M | 187 M | 187 M | 186 M | 184 M | 185 M | 185 M | 185 M | 181 M | 180 M |
Net Income |
375 M | 399 M | 120 M | 78.4 M | 98.9 M | - | 146 M | 186 M | 64.2 M | - | 128 M | 120 M | 83.5 M | - | 183 M | 198 M | 162 M | - | 257 M | 328 M | 206 M | 196 M | 223 M | 189 M | 176 M | 125 M | 136 M | 97.4 M | 109 M | 144 M | 120 M | 101 M | 87 M | -106 M | 103 M | 175 M | 85.2 M | 66.3 M | 63.8 M | -224 M | 50 M | -641 K | 71.5 M | 103 M | 32.8 M | -104 M | 82.9 M | 101 M | 929 K | 22.3 M | 69.5 M | 66.6 M | 6.59 M | -16.5 M | 88.6 M | 111 M | 33.6 M | 129 M | 56.7 M | 87.3 M | 96.8 M | 147 M | 122 M |
Revenue |
1.33 B | 1.28 B | 769 M | 652 M | 686 M | - | 737 M | 730 M | 600 M | - | 704 M | 684 M | 618 M | - | 827 M | 841 M | 755 M | - | 951 M | 1.09 B | 782 M | 759 M | 819 M | 839 M | 704 M | 655 M | 582 M | 564 M | 494 M | 520 M | 567 M | 527 M | 487 M | 479 M | 503 M | 697 M | 457 M | 380 M | 410 M | 532 M | 431 M | 318 M | 466 M | 513 M | 342 M | 323 M | 478 M | 526 M | 321 M | 285 M | 433 M | 429 M | 280 M | 248 M | 463 M | 548 M | 397 M | 297 M | 344 M | 411 M | 377 M | 502 M | 455 M |
Cost of Revenue |
534 M | 502 M | 320 M | 279 M | 270 M | - | 301 M | 304 M | 261 M | - | 305 M | 282 M | 261 M | - | 342 M | 334 M | 300 M | - | 380 M | 439 M | 320 M | 309 M | 361 M | 367 M | 299 M | 271 M | 237 M | 240 M | 206 M | 210 M | 233 M | 220 M | 218 M | 206 M | 209 M | 306 M | 192 M | 161 M | 183 M | 249 M | 201 M | 152 M | 207 M | 214 M | 150 M | 163 M | 217 M | 235 M | 154 M | 125 M | 179 M | 188 M | 127 M | 123 M | 203 M | 239 M | 206 M | 163 M | 174 M | 196 M | 184 M | 226 M | 200 M |
Gross Profit |
795 M | 781 M | 449 M | 373 M | 415 M | - | 437 M | 426 M | 339 M | - | 398 M | 402 M | 356 M | - | 485 M | 506 M | 455 M | - | 571 M | 647 M | 462 M | 450 M | 459 M | 471 M | 406 M | 383 M | 345 M | 324 M | 288 M | 310 M | 334 M | 307 M | 270 M | 271 M | 295 M | 391 M | 265 M | 219 M | 227 M | 283 M | 230 M | 166 M | 259 M | 299 M | 192 M | 160 M | 261 M | 290 M | 167 M | 160 M | 254 M | 241 M | 153 M | 125 M | 260 M | 310 M | 191 M | 134 M | 170 M | 215 M | 193 M | 276 M | 254 M |
Operating Income |
438 M | 473 M | 145 M | 90.7 M | 121 M | - | 152 M | 210 M | 77.8 M | - | 144 M | 140 M | 92.9 M | - | 232 M | 248 M | 186 M | - | 322 M | 389 M | 233 M | 234 M | 270 M | 218 M | 207 M | 172 M | 155 M | 134 M | 93.1 M | 112 M | 144 M | 120 M | 97.5 M | 94.6 M | 129 M | 208 M | 93.8 M | 59.2 M | 56.5 M | -232 M | 56.1 M | -9.75 M | 86.8 M | 131 M | 35.1 M | -126 M | 98.2 M | 121 M | 3.69 M | 6.84 M | 93.5 M | 85.9 M | 4.41 M | -24.6 M | 108 M | 157 M | 46.4 M | -10.3 M | 61.5 M | 99.8 M | 80.3 M | 158 M | 137 M |
Interest Expense |
2.96 M | 3.15 M | 1.31 M | 805 K | 795 K | - | 808 K | 1.53 M | 661 K | - | 963 K | 1.04 M | 987 K | - | 779 K | 913 K | 1.01 M | - | 3.78 M | 5.57 M | 6 M | 6.35 M | 6.24 M | 6.04 M | 5.55 M | 5.44 M | 5.46 M | 5.8 M | 5.52 M | 13.2 M | 5.56 M | 5.64 M | 6.89 M | 5.38 M | 5.37 M | 5.51 M | 5.4 M | 1.6 M | 633 K | 691 K | 710 K | 762 K | 508 K | 444 K | 162 K | 214 K | 144 K | 159 K | 6.42 M | 6.77 M | 6.49 M | 6.44 M | 6.4 M | 6.95 M | 6.15 M | 6.32 M | 6.06 M | 6.13 M | 6.07 M | 5.32 M | 6.18 M | 5.56 M | 8.54 M |
EBITDA |
471 M | 506 M | 176 M | 122 M | 151 M | - | 157 M | 241 M | 106 M | - | 149 M | 145 M | 116 M | - | 236 M | 253 M | 208 M | - | 390 M | 394 M | 257 M | 240 M | 328 M | 256 M | 225 M | 181 M | 206 M | 168 M | 110 M | 123 M | 194 M | 154 M | 114 M | 102 M | 178 M | 240 M | 110 M | 67.1 M | 105 M | -200 M | 72.3 M | 10.2 M | 139 M | 167 M | 54.5 M | -110 M | 151 M | 154 M | 18.9 M | 25.1 M | 135 M | 113 M | 18.5 M | -6.37 M | 148 M | 183 M | 58.7 M | 8.84 M | 99.9 M | 125 M | 93.4 M | 198 M | 163 M |
Operating Expenses |
357 M | 308 M | 304 M | 282 M | 295 M | - | 284 M | 215 M | 262 M | - | 254 M | 263 M | 264 M | - | 254 M | 258 M | 269 M | - | 249 M | 258 M | 229 M | 216 M | 189 M | 254 M | 199 M | 212 M | 190 M | 190 M | 195 M | 197 M | 190 M | 187 M | 172 M | 176 M | 166 M | 183 M | 171 M | 160 M | 171 M | 515 M | 174 M | 176 M | 172 M | 168 M | 157 M | 286 M | 163 M | 170 M | 163 M | 153 M | 161 M | 155 M | 149 M | 150 M | 152 M | 152 M | 145 M | 144 M | 109 M | 115 M | 113 M | 118 M | 118 M |
General and Administrative Expenses |
45 M | 42.1 M | 42.7 M | 42.6 M | 43.1 M | - | 158 M | 39.2 M | 41.2 M | - | 138 M | 146 M | 151 M | - | 136 M | 140 M | 140 M | - | 135 M | 140 M | 130 M | 124 M | 116 M | 113 M | 111 M | 117 M | 109 M | 109 M | 102 M | 101 M | 100 M | 99.4 M | 90.5 M | 87.9 M | 86.1 M | 90.1 M | 84.8 M | 76.3 M | 78.8 M | 81.4 M | 79.2 M | 79.7 M | 77.5 M | 77.1 M | 72 M | 91.2 M | 73.1 M | 77.5 M | 78 M | 69.5 M | 72.9 M | 69.2 M | 67.9 M | 69.3 M | 69 M | 72.1 M | 66.6 M | 64.9 M | 54.8 M | 57.9 M | 57.7 M | 61.1 M | 58.3 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Teradyne (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.