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Side-by-side financial comparison of PACS Group, Inc. (PACS) and Teradyne (TER). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× Teradyne). Teradyne runs the higher net margin — 31.1% vs 4.4%, a 26.7% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 18.4%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs 20.5%).
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.
PACS vs TER — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.3B |
| Net Profit | $59.7M | $398.9M |
| Gross Margin | — | 60.9% |
| Operating Margin | 7.0% | 36.9% |
| Net Margin | 4.4% | 31.1% |
| Revenue YoY | 18.4% | 87.0% |
| Net Profit YoY | 3022.5% | — |
| EPS (diluted) | $0.42 | $2.53 |
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.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.4B | $1.1B | ||
| Q3 25 | $1.3B | $769.2M | ||
| Q2 25 | $1.3B | $651.8M | ||
| Q1 25 | $1.3B | $685.7M | ||
| Q4 24 | $1.1B | $752.9M | ||
| Q3 24 | $1.0B | $737.3M | ||
| Q2 24 | $981.4M | $729.9M |
| Q1 26 | — | $398.9M | ||
| Q4 25 | $59.7M | $257.2M | ||
| Q3 25 | $52.4M | $119.6M | ||
| Q2 25 | $51.0M | $78.4M | ||
| Q1 25 | $28.5M | $98.9M | ||
| Q4 24 | $1.9M | $146.3M | ||
| Q3 24 | $15.6M | $145.6M | ||
| Q2 24 | $-10.9M | $186.3M |
| Q1 26 | — | 60.9% | ||
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | 17.1% | 59.2% | ||
| Q2 24 | 22.3% | 58.3% |
| Q1 26 | — | 36.9% | ||
| Q4 25 | 7.0% | 27.1% | ||
| Q3 25 | 6.4% | 18.9% | ||
| Q2 25 | 6.2% | 13.9% | ||
| Q1 25 | 3.8% | 17.6% | ||
| Q4 24 | 1.7% | 20.4% | ||
| Q3 24 | 2.2% | 20.6% | ||
| Q2 24 | 0.1% | 28.8% |
| Q1 26 | — | 31.1% | ||
| Q4 25 | 4.4% | 23.7% | ||
| Q3 25 | 3.9% | 15.5% | ||
| Q2 25 | 3.9% | 12.0% | ||
| Q1 25 | 2.2% | 14.4% | ||
| Q4 24 | 0.2% | 19.4% | ||
| Q3 24 | 1.5% | 19.8% | ||
| Q2 24 | -1.1% | 25.5% |
| Q1 26 | — | $2.53 | ||
| Q4 25 | $0.42 | $1.62 | ||
| Q3 25 | $0.32 | $0.75 | ||
| Q2 25 | $0.31 | $0.49 | ||
| Q1 25 | $0.17 | $0.61 | ||
| Q4 24 | $-0.03 | $0.89 | ||
| Q3 24 | $0.10 | $0.89 | ||
| Q2 24 | $-0.07 | $1.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $197.0M | $241.9M |
| Total DebtLower is stronger | $353.2M | $0 |
| Stockholders' EquityBook value | $946.8M | — |
| Total Assets | $5.6B | $4.4B |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $241.9M | ||
| Q4 25 | $197.0M | $293.8M | ||
| Q3 25 | $355.7M | $272.7M | ||
| Q2 25 | $294.2M | $339.3M | ||
| Q1 25 | $287.5M | $475.6M | ||
| Q4 24 | $157.7M | $553.4M | ||
| Q3 24 | $49.5M | $510.0M | ||
| Q2 24 | $73.4M | $421.9M |
| Q1 26 | — | $0 | ||
| Q4 25 | $353.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $411.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $946.8M | $2.8B | ||
| Q3 25 | $871.3M | $2.7B | ||
| Q2 25 | $806.8M | $2.8B | ||
| Q1 25 | $750.2M | $2.8B | ||
| Q4 24 | $709.6M | $2.8B | ||
| Q3 24 | $660.0M | $2.9B | ||
| Q2 24 | $572.1M | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $5.6B | $4.2B | ||
| Q3 25 | $5.6B | $4.0B | ||
| Q2 25 | $5.5B | $3.8B | ||
| Q1 25 | $5.5B | $3.7B | ||
| Q4 24 | $5.2B | $3.7B | ||
| Q3 24 | $4.5B | $3.8B | ||
| Q2 24 | $3.9B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.37× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-3.4M | $265.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -0.06× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | $-3.4M | $281.6M | ||
| Q3 25 | $204.8M | $49.0M | ||
| Q2 25 | $52.6M | $182.1M | ||
| Q1 25 | $150.2M | $161.6M | ||
| Q4 24 | $64.6M | $282.6M | ||
| Q3 24 | $209.2M | $166.3M | ||
| Q2 24 | $34.8M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $218.8M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $131.7M | ||
| Q1 25 | — | $97.6M | ||
| Q4 24 | — | $225.2M | ||
| Q3 24 | — | $114.4M | ||
| Q2 24 | — | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | -0.06× | 1.09× | ||
| Q3 25 | 3.91× | 0.41× | ||
| Q2 25 | 1.03× | 2.32× | ||
| Q1 25 | 5.28× | 1.63× | ||
| Q4 24 | 33.78× | 1.93× | ||
| Q3 24 | 13.39× | 1.14× | ||
| Q2 24 | — | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
