TERTERADYNE, INC
Instruments For Meas & Testing Of Electricity & Elec Signals
- Revenue
- $3.2B
- 13% YoY
- Operating margin
- 20.4%
- 3.2% YoY
- EBITDA
- $778M
- 9.0% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.4×
- −$274M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear122% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowFired115% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear12% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.7B | $3.2B | $2.7B | $2.8B | $3.2B | 13% |
| Operating income | $1.2B | $832M | $501M | $594M | $650M | 9.5% |
| Net income | $1.0B | $716M | $449M | $542M | $554M | 2.2% |
| Operating cash flow | $1.1B | $578M | $585M | $672M | $674M | 0.3% |
| Capex | $132M | $163M | $160M | $198M | $224M | 13% |
| Stock-based comp | $46M | $48M | $58M | $60M | $64M | 6.4% |
| Buybacks | $600M | $752M | $397M | $199M | $702M | 254% |
| Dividends | $66M | $70M | $68M | $76M | $76M | 0.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $4M · 8
- Net
- −$4M
Pay vs performance
No pay-versus-performance disclosure yet.