TER · XBRL financial data

Teradyne financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (TER's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	3,121	3,703	3,155	2,676	2,820	3,190
Cost of goods and services sold	1,336	1,496	1,288	1,140	1,171	1,333
Gross profit	1,786	2,207	1,867	1,537	1,649	1,857
Selling, general and administrative	465	548	558	577	617	649
General and administrative	—	—	154	159	166	169
Total operating expenses	857	1,006	1,035	1,036	1,055	1,207
Operating income (loss)	928	1,201	832	501	594	650
Interest income	6	3	6	27	25	16
Interest expense	24	18	4	4	4	7
Other income (expense)	(9)	(25)	6	1	(6)	(6)
Income tax expense (benefit)	117	146	125	77	60	79
Net income (loss)	784	1,015	716	449	542	554
Earnings per share, basic USD per share	4.72	6.15	4.52	2.91	3.41	3.48
Earnings per share, diluted USD per share	4.28	5.53	4.22	2.73	3.32	3.47
Weighted average shares, basic millions of shares	166	165	158	154	159	159
Weighted average shares, diluted millions of shares	183	184	170	164	163	160

Fiscal years (TER's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	914	1,122	855	758	553	294
Accounts receivable	498	551	491	422	471	787
Inventory	222	243	325	310	298	380
Prepaid and other current assets	259	—	—	—	—	—
Total current assets	2,415	2,576	2,258	2,162	1,816	1,949
Property and equipment, net	395	387	419	445	508	563
Right-of-use asset	55	69	74	73	70	77
Goodwill	454	426	403	416	395	521
Total assets	3,652	3,809	3,501	3,487	3,709	4,184
Accounts payable	134	153	140	180	135	269
Total current liabilities	701	805	746	660	625	1,115
Lease liability, non-current	42	56	64	65	58	64
Total liabilities	1,442	1,245	1,050	961	889	1,388
Retained earnings	387	737	726	707	971	744
Total stockholders' equity	2,207	2,562	2,451	2,526	2,819	2,796
Total liabilities and equity	3,652	3,809	3,501	3,487	3,709	4,184
Common shares outstanding (cover page) millions of shares	167	162	156	153	162	157

Fiscal years (TER's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	784	1,015	716	449	542	554
Stock-based compensation	45	46	48	58	60	64
Depreciation and amortization	127	125	111	111	120	128
Net cash from operating activities	869	1,098	578	585	672	674
Purchases of property and equipment	185	132	163	160	198	224
Net cash from investing activities	(570)	120	44	(180)	(622)	(369)
Share repurchases	88	600	752	397	199	702
Dividends paid	66	66	70	68	76	76
Net cash from financing activities	(158)	(1,009)	(893)	(502)	(252)	(562)
Net change in cash	140	208	(267)	(97)	(204)	(260)

SIC 3825 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3825 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Teradyne	461	1,306	314*	156.1M	Q3 FY26 10-QSep 27, 2026
Revvity	1,023	730	192*	111.6M	Q2 FY26 10-QJul 5, 2026
Keysight Technologies	2,605	1,846	437*	170.2M	Q3 FY26 10-QJul 31, 2026
Illumina	1,289	1,129	419*	151.2M	Q3 FY26 10-QSep 27, 2026
Avantor	464	1,698	195*	677.6M	Q3 FY26 10-QSep 30, 2026
Fortive	377	1,108	313*	297.6M	Q3 FY26 10-QOct 2, 2026
Trimble	214	972	240*	233.2M	Q2 FY26 10-QJul 3, 2026
Waters	539	1,645	201*	98.2M	Q2 FY26 10-QJul 4, 2026
Badger Meter	68	236	43*	28.6M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.