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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Teradyne (TER). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.1B vs $888.0M, roughly 1.2× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 23.7%, a 5.6% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs 21.8%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $218.8M). Over the past eight quarters, Teradyne's revenue compounded faster (34.4% CAGR vs 20.0%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
FHN vs TER — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $1.1B |
| Net Profit | $261.0M | $257.2M |
| Gross Margin | — | 57.2% |
| Operating Margin | 38.5% | 27.1% |
| Net Margin | 29.4% | 23.7% |
| Revenue YoY | 21.8% | 43.9% |
| Net Profit YoY | 57.2% | 75.9% |
| EPS (diluted) | $0.51 | $1.62 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $888.0M | $1.1B | ||
| Q3 25 | $889.0M | $769.2M | ||
| Q2 25 | $830.0M | $651.8M | ||
| Q1 25 | $812.0M | $685.7M | ||
| Q4 24 | $729.0M | $752.9M | ||
| Q3 24 | $827.0M | $737.3M | ||
| Q2 24 | — | $729.9M | ||
| Q1 24 | $819.0M | $599.8M |
| Q4 25 | $261.0M | $257.2M | ||
| Q3 25 | $262.0M | $119.6M | ||
| Q2 25 | $241.0M | $78.4M | ||
| Q1 25 | $218.0M | $98.9M | ||
| Q4 24 | $166.0M | $146.3M | ||
| Q3 24 | $218.0M | $145.6M | ||
| Q2 24 | — | $186.3M | ||
| Q1 24 | $192.0M | $64.2M |
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% | ||
| Q1 24 | — | 56.6% |
| Q4 25 | 38.5% | 27.1% | ||
| Q3 25 | 38.7% | 18.9% | ||
| Q2 25 | 37.2% | 13.9% | ||
| Q1 25 | 35.1% | 17.6% | ||
| Q4 24 | 28.8% | 20.4% | ||
| Q3 24 | 34.0% | 20.6% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | 31.0% | 13.0% |
| Q4 25 | 29.4% | 23.7% | ||
| Q3 25 | 29.5% | 15.5% | ||
| Q2 25 | 29.0% | 12.0% | ||
| Q1 25 | 26.8% | 14.4% | ||
| Q4 24 | 22.8% | 19.4% | ||
| Q3 24 | 26.4% | 19.8% | ||
| Q2 24 | — | 25.5% | ||
| Q1 24 | 23.4% | 10.7% |
| Q4 25 | $0.51 | $1.62 | ||
| Q3 25 | $0.50 | $0.75 | ||
| Q2 25 | $0.45 | $0.49 | ||
| Q1 25 | $0.41 | $0.61 | ||
| Q4 24 | $0.29 | $0.89 | ||
| Q3 24 | $0.40 | $0.89 | ||
| Q2 24 | — | $1.14 | ||
| Q1 24 | $0.33 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $293.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | $2.8B |
| Total Assets | $83.9B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $293.8M | ||
| Q3 25 | — | $272.7M | ||
| Q2 25 | — | $339.3M | ||
| Q1 25 | — | $475.6M | ||
| Q4 24 | — | $553.4M | ||
| Q3 24 | — | $510.0M | ||
| Q2 24 | — | $421.9M | ||
| Q1 24 | — | $707.4M |
| Q4 25 | $8.8B | $2.8B | ||
| Q3 25 | $8.9B | $2.7B | ||
| Q2 25 | $9.0B | $2.8B | ||
| Q1 25 | $8.7B | $2.8B | ||
| Q4 24 | $8.8B | $2.8B | ||
| Q3 24 | $9.0B | $2.9B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | $8.9B | $2.6B |
| Q4 25 | $83.9B | $4.2B | ||
| Q3 25 | $83.2B | $4.0B | ||
| Q2 25 | $82.1B | $3.8B | ||
| Q1 25 | $81.5B | $3.7B | ||
| Q4 24 | $82.2B | $3.7B | ||
| Q3 24 | $82.6B | $3.8B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | $81.8B | $3.4B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $396.0M | $281.6M |
| Free Cash FlowOCF − Capex | $389.0M | $218.8M |
| FCF MarginFCF / Revenue | 43.8% | 20.2% |
| Capex IntensityCapex / Revenue | 0.8% | 5.8% |
| Cash ConversionOCF / Net Profit | 1.52× | 1.09× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $450.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $281.6M | ||
| Q3 25 | $-200.0M | $49.0M | ||
| Q2 25 | $83.0M | $182.1M | ||
| Q1 25 | $349.0M | $161.6M | ||
| Q4 24 | $191.0M | $282.6M | ||
| Q3 24 | $389.0M | $166.3M | ||
| Q2 24 | — | $216.1M | ||
| Q1 24 | $838.0M | $7.3M |
| Q4 25 | $389.0M | $218.8M | ||
| Q3 25 | $-208.0M | $2.4M | ||
| Q2 25 | $74.0M | $131.7M | ||
| Q1 25 | $340.0M | $97.6M | ||
| Q4 24 | $174.0M | $225.2M | ||
| Q3 24 | $383.0M | $114.4M | ||
| Q2 24 | — | $171.2M | ||
| Q1 24 | $828.0M | $-36.7M |
| Q4 25 | 43.8% | 20.2% | ||
| Q3 25 | -23.4% | 0.3% | ||
| Q2 25 | 8.9% | 20.2% | ||
| Q1 25 | 41.9% | 14.2% | ||
| Q4 24 | 23.9% | 29.9% | ||
| Q3 24 | 46.3% | 15.5% | ||
| Q2 24 | — | 23.5% | ||
| Q1 24 | 101.1% | -6.1% |
| Q4 25 | 0.8% | 5.8% | ||
| Q3 25 | 0.9% | 6.1% | ||
| Q2 25 | 1.1% | 7.7% | ||
| Q1 25 | 1.1% | 9.3% | ||
| Q4 24 | 2.3% | 7.6% | ||
| Q3 24 | 0.7% | 7.0% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | 1.2% | 7.3% |
| Q4 25 | 1.52× | 1.09× | ||
| Q3 25 | -0.76× | 0.41× | ||
| Q2 25 | 0.34× | 2.32× | ||
| Q1 25 | 1.60× | 1.63× | ||
| Q4 24 | 1.15× | 1.93× | ||
| Q3 24 | 1.78× | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | 4.36× | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
