Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Teradyne, Inc.'s quarterly P/E stands at 29.7x, down 15.5% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 18.8% YoY to 22.1x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 91.96 | 29.69 | 45.10 | 46.10 | 33.93 | 35.12 | 37.82 | 32.52 | 70.52 | 37.68 | 32.20 | 38.13 | 53.76 |
| — | -15.5% | +19.3% | +41.8% | -51.9% | -6.8% | +17.5% | -14.7% | +31.2% | +79.5% | +88.5% | +106.2% | +70.0% | |
| P/S Ratio | 15.71 | 7.04 | 7.00 | 5.58 | 4.89 | 6.82 | 7.50 | 8.30 | 7.63 | 6.56 | 5.85 | 6.70 | 7.24 |
| — | +3.2% | -6.7% | -32.8% | -36.0% | +4.0% | +28.1% | +23.9% | +5.5% | +32.8% | +54.6% | +53.4% | +7.0% | |
| P/B Ratio | 18.05 | 10.91 | 7.92 | 5.13 | 4.79 | 7.29 | 7.62 | 8.88 | 7.16 | 6.96 | 6.75 | 7.53 | 7.30 |
| — | +49.8% | +4.0% | -42.2% | -33.1% | +4.6% | +12.9% | +17.8% | -1.9% | +18.1% | +21.4% | +17.9% | -11.6% | |
| P/FCF | 111.28 | 34.87 | 2282.38 | 27.63 | 34.34 | 22.81 | 48.32 | 35.39 | — | 21.51 | 29.48 | 44.30 | — |
| — | +52.9% | +4623.9% | -21.9% | — | +6.1% | +63.9% | -20.1% | — | -11.4% | +119.0% | -15.9% | — | |
| EV / EBITDA | 61.18 | 22.11 | 30.74 | 29.36 | 21.60 | 27.24 | 29.81 | 24.90 | 41.93 | 27.88 | 23.28 | 26.80 | 36.14 |
| — | -18.8% | +3.1% | +17.9% | -48.5% | -2.3% | +28.1% | -7.1% | +16.0% | +57.1% | +101.5% | +105.7% | +55.5% | |
| EV / EBIT | 72.36 | 26.39 | 37.02 | 36.83 | 27.24 | 31.77 | 34.02 | 27.11 | 60.35 | 30.19 | 27.58 | 30.79 | 44.40 |
| — | -16.9% | +8.8% | +35.8% | -54.9% | +5.2% | +23.3% | -11.9% | +35.9% | +71.8% | +108.6% | +106.0% | +62.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Teradyne, Inc.'s operating margin was 28.6% in Q4 2025, up 9.7 pp QoQ and up 8.2 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 19.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 3.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.6% | 57.5% | 58.4% | 57.2% | 60.6% | 59.4% | 59.2% | 58.3% | 56.6% | 56.6% | 56.6% | 58.8% | 57.7% |
| — | -3.2% | -1.3% | -1.9% | +7.1% | +5.0% | +4.6% | -0.8% | -2.0% | -1.5% | -3.6% | -2.4% | -4.2% | |
| Operating Margin | 21.7% | 28.6% | 18.9% | 13.9% | 17.6% | 20.4% | 20.6% | 28.8% | 13.0% | 18.5% | 20.5% | 20.4% | 15.0% |
| — | +40.4% | -8.4% | -51.7% | +35.9% | +10.0% | +0.8% | +41.0% | -13.8% | -18.6% | -26.9% | -30.7% | -38.9% | |
| Net Margin | 17.4% | 23.7% | 15.5% | 12.0% | 14.4% | 19.4% | 19.8% | 25.5% | 10.7% | 17.5% | 18.2% | 17.5% | 13.5% |
| — | +22.2% | -21.3% | -52.9% | +34.8% | +11.3% | +8.5% | +45.5% | -20.9% | -25.9% | -17.9% | -25.4% | -36.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.7% | 9.3% | 4.3% | 2.8% | 3.5% | 5.1% | 5.2% | 7.0% | 2.5% | 4.7% | 5.3% | 4.9% | 3.4% |
| — | +82.5% | -16.8% | -60.5% | +39.4% | +8.5% | -1.6% | +43.3% | -25.9% | -35.6% | -34.8% | -40.7% | -47.0% | |
| ROA | 14.1% | 6.3% | 3.1% | 2.1% | 2.7% | 3.9% | 3.9% | 5.3% | 1.9% | 3.4% | 3.8% | 3.5% | 2.4% |
| — | +61.7% | -21.4% | -60.3% | +43.3% | +14.6% | +3.9% | +49.3% | -23.3% | -32.4% | -29.7% | -36.4% | -44.4% | |
| ROIC | 19.8% | 8.3% | 4.0% | 2.7% | 3.7% | 4.7% | 4.6% | 7.1% | 3.0% | 4.8% | 5.4% | 5.3% | 3.7% |
| — | +77.5% | -11.7% | -62.1% | +25.6% | -2.3% | -15.4% | +34.8% | -19.2% | -32.6% | -42.9% | -45.7% | -52.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Teradyne, Inc.'s Debt/EBITDA ratio is 1.0x, down from 1.8x last quarter — comfortably within a safe range. The current ratio has weakened 39.6% YoY to 1.76x, tightening the short-term liquidity position. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.12 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 | 0.08 |
| — | +160.2% | +143.4% | -12.5% | -26.6% | -18.4% | -34.8% | -30.9% | -23.2% | -27.3% | -10.3% | -16.6% | -17.3% | |
| Debt / EBITDA | 0.42 | 1.00 | 1.82 | 1.06 | 0.79 | 0.73 | 0.77 | 0.59 | 1.40 | 0.97 | 1.05 | 1.10 | 1.54 |
| — | +37.9% | +136.8% | +79.1% | -43.8% | -24.9% | -26.8% | -46.1% | -8.8% | -4.3% | +46.7% | +45.2% | +45.2% | |
| Current Ratio | 1.76 | 1.76 | 1.76 | 2.35 | 2.70 | 2.91 | 3.09 | 2.80 | 3.73 | 3.28 | 3.28 | 3.17 | 3.36 |
| — | -39.6% | -43.1% | -16.4% | -27.4% | -11.2% | -5.7% | -11.6% | +10.8% | +8.3% | +8.1% | +11.4% | +0.9% | |
| Quick Ratio | 1.41 | 1.41 | 1.39 | 1.28 | 1.61 | 1.84 | 1.85 | 1.59 | 2.27 | 2.05 | 1.90 | 1.88 | 2.01 |
| — | -23.4% | -24.9% | -19.5% | -29.3% | -9.8% | -2.8% | -15.7% | +12.8% | +5.9% | -1.0% | -0.8% | -14.3% | |
| Interest Coverage | 86.44 | 85.57 | 51.95 | 112.72 | 151.95 | 260.76 | 188.20 | 137.50 | 117.66 | 153.11 | 149.50 | 133.88 | 94.09 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonTeradyne, Inc.'s current P/E is 92.0x. The average P/E over the last 4 quarters is 38.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Teradyne, Inc.'s current operating margin is 21.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Teradyne, Inc.'s business trajectory between earnings reports.