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 29.2x, down 13.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 13.1% YoY to 24.4x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 125.84 | 29.21 | 29.69 | 45.10 | 46.10 | 33.93 | 35.12 | 37.82 | 32.52 | 70.52 | 37.68 | 32.20 | 38.13 |
| — | -13.9% | -15.5% | +19.3% | +41.8% | -51.9% | -6.8% | +17.5% | -14.7% | +31.2% | +79.5% | +88.5% | +106.2% | |
| P/S Ratio | 21.49 | 9.08 | 7.04 | 7.00 | 5.58 | 4.89 | 6.82 | 7.50 | 8.30 | 7.63 | 6.56 | 5.85 | 6.70 |
| — | +85.8% | +3.2% | -6.7% | -32.8% | -36.0% | +4.0% | +28.1% | +23.9% | +5.5% | +32.8% | +54.6% | +53.4% | |
| P/B Ratio | 24.69 | 14.82 | 10.91 | 7.92 | 5.13 | 4.79 | 7.29 | 7.62 | 8.88 | 7.16 | 6.96 | 6.75 | 7.53 |
| — | +209.2% | +49.8% | +4.0% | -42.2% | -33.1% | +4.6% | +12.9% | +17.8% | -1.9% | +18.1% | +21.4% | +17.9% | |
| P/FCF | 152.22 | 58.14 | 34.87 | 2282.38 | 27.63 | 34.34 | 22.81 | 48.32 | 35.39 | — | 21.51 | 29.48 | 44.30 |
| — | +69.3% | +52.9% | +4623.9% | -21.9% | — | +6.1% | +63.9% | -20.1% | — | -11.4% | +119.0% | -15.9% | |
| EV / EBITDA | 83.66 | 24.43 | 22.11 | 30.74 | 29.36 | 21.60 | 27.24 | 29.81 | 24.90 | 41.93 | 27.88 | 23.28 | 26.80 |
| — | +13.1% | -18.8% | +3.1% | +17.9% | -48.5% | -2.3% | +28.1% | -7.1% | +16.0% | +57.1% | +101.5% | +105.7% | |
| EV / EBIT | 98.95 | 24.55 | 26.35 | 37.02 | 36.83 | 27.24 | 31.77 | 34.02 | 27.11 | 60.35 | 30.19 | 27.58 | 30.79 |
| — | -9.9% | -17.1% | +8.8% | +35.8% | -54.9% | +5.2% | +23.3% | -11.9% | +35.9% | +71.8% | +108.6% | +106.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Teradyne, Inc.'s operating margin was 36.9% in Q1 2026, up 8.2 pp QoQ and up 19.3 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 24.6% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.6% | 60.9% | 57.5% | 58.4% | 57.2% | 60.6% | 59.4% | 59.2% | 58.3% | 56.6% | 56.6% | 56.6% | 58.8% |
| — | +0.5% | -3.2% | -1.3% | -1.9% | +7.1% | +5.0% | +4.6% | -0.8% | -2.0% | -1.5% | -3.6% | -2.4% | |
| Operating Margin | 21.7% | 36.9% | 28.6% | 18.9% | 13.9% | 17.6% | 20.4% | 20.6% | 28.8% | 13.0% | 18.5% | 20.5% | 20.4% |
| — | +109.3% | +40.4% | -8.4% | -51.7% | +35.9% | +10.0% | +0.8% | +41.0% | -13.8% | -18.6% | -26.9% | -30.7% | |
| Net Margin | 17.4% | 31.1% | 23.7% | 15.5% | 12.0% | 14.4% | 19.4% | 19.8% | 25.5% | 10.7% | 17.5% | 18.2% | 17.5% |
| — | +115.7% | +22.2% | -21.3% | -52.9% | +34.8% | +11.3% | +8.5% | +45.5% | -20.9% | -25.9% | -17.9% | -25.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.7% | 13.4% | 9.3% | 4.3% | 2.8% | 3.5% | 5.1% | 5.2% | 7.0% | 2.5% | 4.7% | 5.3% | 4.9% |
| — | +281.4% | +82.5% | -16.8% | -60.5% | +39.4% | +8.5% | -1.6% | +43.3% | -25.9% | -35.6% | -34.8% | -40.7% | |
| ROA | 14.1% | 9.3% | 6.3% | 3.1% | 2.1% | 2.7% | 3.9% | 3.9% | 5.3% | 1.9% | 3.4% | 3.8% | 3.5% |
| — | +247.6% | +61.7% | -21.4% | -60.3% | +43.3% | +14.6% | +3.9% | +49.3% | -23.3% | -32.4% | -29.7% | -36.4% | |
| ROIC | 19.8% | 12.2% | 8.3% | 4.0% | 2.7% | 3.7% | 4.7% | 4.6% | 7.1% | 3.0% | 4.8% | 5.4% | 5.3% |
| — | +225.0% | +77.5% | -11.7% | -62.1% | +25.6% | -2.3% | -15.4% | +34.8% | -19.2% | -32.6% | -42.9% | -45.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Teradyne, Inc.'s Debt/EBITDA ratio is 0.2x, down from 1.0x last quarter — comfortably within a safe range. The current ratio has weakened 20.6% YoY to 2.15x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.03 | 0.12 | 0.12 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 |
| — | -38.5% | +160.2% | +143.4% | -12.5% | -26.6% | -18.4% | -34.8% | -30.9% | -23.2% | -27.3% | -10.3% | -16.6% | |
| Debt / EBITDA | 0.42 | 0.17 | 1.00 | 1.82 | 1.06 | 0.79 | 0.73 | 0.77 | 0.59 | 1.40 | 0.97 | 1.05 | 1.10 |
| — | -78.0% | +37.9% | +136.8% | +79.1% | -43.8% | -24.9% | -26.8% | -46.1% | -8.8% | -4.3% | +46.7% | +45.2% | |
| Current Ratio | 1.76 | 2.15 | 1.76 | 1.76 | 2.35 | 2.70 | 2.91 | 3.09 | 2.80 | 3.73 | 3.28 | 3.28 | 3.17 |
| — | -20.6% | -39.6% | -43.1% | -16.4% | -27.4% | -11.2% | -5.7% | -11.6% | +10.8% | +8.3% | +8.1% | +11.4% | |
| Quick Ratio | 1.41 | 1.79 | 1.41 | 1.39 | 1.28 | 1.61 | 1.84 | 1.85 | 1.59 | 2.27 | 2.05 | 1.90 | 1.88 |
| — | +11.4% | -23.4% | -24.9% | -19.5% | -29.3% | -9.8% | -2.8% | -15.7% | +12.8% | +5.9% | -1.0% | -0.8% | |
| Interest Coverage | 79.95 | 64.56 | 80.00 | 52.09 | 120.95 | 150.72 | 268.91 | 197.76 | 144.40 | 111.29 | 173.17 | 150.82 | 139.18 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Deep dive into TER consensus models and risk factors.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TER stock.
Teradyne, Inc.'s current P/E is 125.8x. The average P/E over the last 4 quarters is 37.5x. 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.