Teradyne, Inc. (TER) — Financial statements
Income statement, balance sheet, and cash flow for Teradyne, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,190↑13.1% | 2,820↑5.4% | 2,676↓15.2% | 3,155↓14.8% | 3,703 | |
| Cost of Revenue | 1,322↑12.9% | 1,171↑2.8% | 1,140↓11.5% | 1,288↓13.9% | 1,496 | |
| Gross Profit | 1,868↑13.3% | 1,649↑7.3% | 1,537↓17.7% | 1,867↓15.4% | 2,207 | |
| Operating Expenses | ||||||
| R&D Expenses | 505↑9.5% | 461↑10.2% | 418↓5.1% | 441↑3.0% | 428 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 644↑4.4% | 617↑6.9% | 577↑3.4% | 558↑1.9% | 548 | |
| Other Expenses | 26↑213.2% | -23↓156.6% | 40↑10.3% | 37↑18.7% | 31 | |
| Operating Expenses | 1,174↑11.3% | 1,055↑1.9% | 1,036↑0.0% | 1,035↑2.9% | 1,006 | |
| Total Costs & Expenses | 2,497↑12.2% | 2,226↑2.3% | 2,175↓6.4% | 2,323↓7.2% | 2,502 | |
| Operating Results | ||||||
| Operating Income | 693↑16.8% | 594↑18.5% | 501↓39.8% | 832↓30.7% | 1,201 | |
| Depreciation & Amortization | 127↑5.8% | 120↑8.0% | 111↑0.2% | 111↓11.8% | 125 | |
| EBITDA | 768↑4.9% | 732↑14.4% | 640↓32.9% | 955↓26.8% | 1,304 | |
| EBIT | 641↑4.7% | 613↑15.7% | 529↓37.3% | 844↓28.4% | 1,179 | |
| Interest & Other Income | ||||||
| Net Interest Income | 11↓48.9% | 21↓10.0% | 24↑785.0% | 3↑117.5% | -15 | |
| Interest Income | 19↓23.9% | 25↓9.4% | 27↑328.7% | 6↑142.8% | 3 | |
| Interest Expense | 8↑123.6% | 4↓5.8% | 4↑2.3% | 4↓79.1% | 18 | |
| Non-Operating Income | 52↑375.5% | -19↑33.3% | -28↓132.7% | -12↓155.4% | 22 | |
| Other Income / Expenses | -60↓842.7% | 8↓67.0% | 25↑190.1% | 8↑121.2% | -40 | |
| Income Before Tax | 633↑5.2% | 602↑14.5% | 526↓37.5% | 840↓27.6% | 1,161 | |
| Income Tax Expense | 79↑33.3% | 60↓22.5% | 77↓38.5% | 125↓14.7% | 146 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 554↑2.2% | 542↑20.9% | 449↓37.3% | 716↓29.5% | 1,015 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 554↑2.2% | 542↑20.9% | 449↓37.3% | 716↓29.5% | 1,015 | |
| Bottom-Line Net Income | 554↑2.2% | 542↑20.9% | 449↓37.3% | 716↓29.5% | 1,015 | |
| EPS (Basic) | 3.49↑2.3% | 3.41↑17.2% | 2.91↓35.6% | 4.52↓26.5% | 6.15 | |
| EPS (Diluted) | 3.48↑4.8% | 3.32↑21.6% | 2.73↓35.3% | 4.22↓23.7% | 5.53 | |
| Weighted Average Shares | 156↓1.7% | 159↑3.1% | 154↓2.6% | 158↓4.0% | 165 | |
| Weighted Average Diluted Shares | 158↓3.5% | 163↓0.6% | 164↓3.2% | 170↓7.6% | 184 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.