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Side-by-side financial comparison of Lineage, Inc. (LINE) and Teradyne (TER). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.3× Teradyne). Teradyne runs the higher net margin — 23.7% vs -7.3%, a 31.0% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs 3.1%). Teradyne produced more free cash flow last quarter ($218.8M vs $35.0M).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
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.
LINE vs TER — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $1.4B | $1.1B |
| Net Profit | $-100.0M | $257.2M |
| Gross Margin | 32.3% | 57.2% |
| Operating Margin | 2.5% | 27.1% |
| Net Margin | -7.3% | 23.7% |
| Revenue YoY | 3.1% | 43.9% |
| Net Profit YoY | 79.4% | 75.9% |
| EPS (diluted) | $-0.44 | $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 | — | $1.1B | ||
| Q3 25 | $1.4B | $769.2M | ||
| Q2 25 | $1.4B | $651.8M | ||
| Q1 25 | $1.3B | $685.7M | ||
| Q4 24 | $1.3B | $752.9M | ||
| Q3 24 | $1.3B | $737.3M | ||
| Q2 24 | $1.3B | $729.9M | ||
| Q1 24 | $1.3B | $599.8M |
| Q4 25 | — | $257.2M | ||
| Q3 25 | $-100.0M | $119.6M | ||
| Q2 25 | $-6.0M | $78.4M | ||
| Q1 25 | $0 | $98.9M | ||
| Q4 24 | $-71.0M | $146.3M | ||
| Q3 24 | $-485.0M | $145.6M | ||
| Q2 24 | $-68.0M | $186.3M | ||
| Q1 24 | $-40.0M | $64.2M |
| Q4 25 | — | 57.2% | ||
| Q3 25 | 32.3% | 58.4% | ||
| Q2 25 | 31.9% | 57.2% | ||
| Q1 25 | 32.2% | 60.6% | ||
| Q4 24 | 32.3% | 59.4% | ||
| Q3 24 | 32.8% | 59.2% | ||
| Q2 24 | 33.4% | 58.3% | ||
| Q1 24 | 33.4% | 56.6% |
| Q4 25 | — | 27.1% | ||
| Q3 25 | 2.5% | 18.9% | ||
| Q2 25 | 1.7% | 13.9% | ||
| Q1 25 | 4.3% | 17.6% | ||
| Q4 24 | -1.6% | 20.4% | ||
| Q3 24 | -38.6% | 20.6% | ||
| Q2 24 | 5.5% | 28.8% | ||
| Q1 24 | 7.6% | 13.0% |
| Q4 25 | — | 23.7% | ||
| Q3 25 | -7.3% | 15.5% | ||
| Q2 25 | -0.4% | 12.0% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | -5.3% | 19.4% | ||
| Q3 24 | -36.3% | 19.8% | ||
| Q2 24 | -5.1% | 25.5% | ||
| Q1 24 | -3.0% | 10.7% |
| Q4 25 | — | $1.62 | ||
| Q3 25 | $-0.44 | $0.75 | ||
| Q2 25 | $-0.03 | $0.49 | ||
| Q1 25 | $0.01 | $0.61 | ||
| Q4 24 | $-0.52 | $0.89 | ||
| Q3 24 | $-2.44 | $0.89 | ||
| Q2 24 | $-0.46 | $1.14 | ||
| Q1 24 | $-0.28 | $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 | $8.4B | $2.8B |
| Total Assets | $19.2B | $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 | $173.0M | $553.4M | ||
| Q3 24 | $409.0M | $510.0M | ||
| Q2 24 | $73.0M | $421.9M | ||
| Q1 24 | — | $707.4M |
| Q4 25 | — | $2.8B | ||
| Q3 25 | $8.4B | $2.7B | ||
| Q2 25 | $8.6B | $2.8B | ||
| Q1 25 | $8.6B | $2.8B | ||
| Q4 24 | $8.6B | $2.8B | ||
| Q3 24 | $9.0B | $2.9B | ||
| Q2 24 | $4.9B | $2.7B | ||
| Q1 24 | $5.6B | $2.6B |
| Q4 25 | — | $4.2B | ||
| Q3 25 | $19.2B | $4.0B | ||
| Q2 25 | $19.4B | $3.8B | ||
| Q1 25 | $18.8B | $3.7B | ||
| Q4 24 | $18.7B | $3.7B | ||
| Q3 24 | $19.3B | $3.8B | ||
| Q2 24 | $18.8B | $3.6B | ||
| Q1 24 | — | $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 | $230.0M | $281.6M |
| Free Cash FlowOCF − Capex | $35.0M | $218.8M |
| FCF MarginFCF / Revenue | 2.5% | 20.2% |
| Capex IntensityCapex / Revenue | 14.2% | 5.8% |
| Cash ConversionOCF / Net Profit | — | 1.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $450.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $281.6M | ||
| Q3 25 | $230.0M | $49.0M | ||
| Q2 25 | $258.0M | $182.1M | ||
| Q1 25 | $139.0M | $161.6M | ||
| Q4 24 | — | $282.6M | ||
| Q3 24 | $186.0M | $166.3M | ||
| Q2 24 | $155.0M | $216.1M | ||
| Q1 24 | $105.0M | $7.3M |
| Q4 25 | — | $218.8M | ||
| Q3 25 | $35.0M | $2.4M | ||
| Q2 25 | $95.0M | $131.7M | ||
| Q1 25 | $-12.0M | $97.6M | ||
| Q4 24 | — | $225.2M | ||
| Q3 24 | $33.0M | $114.4M | ||
| Q2 24 | $-31.0M | $171.2M | ||
| Q1 24 | $-42.0M | $-36.7M |
| Q4 25 | — | 20.2% | ||
| Q3 25 | 2.5% | 0.3% | ||
| Q2 25 | 7.0% | 20.2% | ||
| Q1 25 | -0.9% | 14.2% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | 2.5% | 15.5% | ||
| Q2 24 | -2.3% | 23.5% | ||
| Q1 24 | -3.2% | -6.1% |
| Q4 25 | — | 5.8% | ||
| Q3 25 | 14.2% | 6.1% | ||
| Q2 25 | 12.1% | 7.7% | ||
| Q1 25 | 11.7% | 9.3% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | 11.5% | 7.0% | ||
| Q2 24 | 13.9% | 6.1% | ||
| Q1 24 | 11.1% | 7.3% |
| Q4 25 | — | 1.09× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
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% |