Teradyne, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.19B | $2.82B | $2.68B | $3.16B | $3.70B | $3.12B | $2.29B | $2.10B |
| Cost of Revenue | $1.33B | $1.17B | $1.14B | $1.29B | $1.50B | $1.34B | $955.1M | $880.4M |
| Gross Profit | $1.86B | $1.65B | $1.54B | $1.87B | $2.21B | $1.79B | $1.34B | $1.22B |
| Gross Margin | 58.2% | 58.5% | 57.4% | 59.2% | 59.6% | 57.2% | 58.4% | 58.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $648.9M | $617.0M | $577.3M | $558.1M | $547.6M | $464.8M | $437.1M | $390.7M |
| Operating Income | $650.1M | $593.8M | $501.1M | $831.9M | $1.20B | $928.4M | $553.7M | $473.8M |
| Operating Margin | 20.4% | 21.1% | 18.7% | 26.4% | 32.4% | 29.7% | 24.1% | 22.6% |
| Interest Expense | $6.8M | $3.6M | $3.8M | $3.7M | $17.8M | $24.2M | $22.2M | $21.8M |
| Pretax Income | $653.3M | $609.1M | $525.6M | $840.4M | $1.16B | $901.0M | $525.8M | $467.8M |
| Income Tax Expense | $79.3M | $59.5M | $76.8M | $124.9M | $146.4M | $116.9M | $58.3M | $16.0M |
| Net Income | $554.0M | $542.4M | $448.8M | $715.5M | $1.01B | $784.1M | $467.5M | $451.8M |
| Net Margin | 17.4% | 19.2% | 16.8% | 22.7% | 27.4% | 25.1% | 20.4% | 21.5% |
| EPS (Basic) | $3.48 | $3.41 | $2.91 | $4.52 | $6.15 | $4.72 | $2.74 | $2.41 |
| EPS (Diluted) | $3.47 | $3.32 | $2.73 | $4.22 | $5.53 | $4.28 | $2.60 | $2.35 |
| Shares Outstanding (Basic) | 159.1M | 159.1M | 154.3M | 158.4M | 165.0M | 166.1M | 170.4M | 187.7M |
| Shares Outstanding (Diluted) | 159.7M | 163.3M | 164.3M | 169.7M | 183.6M | 183.0M | 179.5M | 192.6M |
| Dividends Per Share | $0.48 | $0.48 | $0.44 | $0.44 | $0.40 | $0.40 | $0.36 | $0.36 |