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Side-by-side financial comparison of PLEXUS CORP (PLXS) 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 $1.1B, roughly 1.0× PLEXUS CORP). Teradyne runs the higher net margin — 23.7% vs 3.8%, a 19.9% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs 9.6%). Over the past eight quarters, Teradyne's revenue compounded faster (34.4% CAGR vs 7.9%).
Plex Systems, Inc. is an American software company based in Troy, Michigan. The company develops and markets the Plex Manufacturing Cloud, a software as a service (SaaS) or cloud computing ERP for manufacturing.
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.
PLXS vs TER — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.1B |
| Net Profit | $41.2M | $257.2M |
| Gross Margin | 9.9% | 57.2% |
| Operating Margin | 5.1% | 27.1% |
| Net Margin | 3.8% | 23.7% |
| Revenue YoY | 9.6% | 43.9% |
| Net Profit YoY | -19.9% | 75.9% |
| EPS (diluted) | $1.51 | $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.
| Q1 26 | $1.1B | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $769.2M | ||
| Q2 25 | — | $651.8M | ||
| Q1 25 | — | $685.7M | ||
| Q4 24 | — | $752.9M | ||
| Q3 24 | — | $737.3M | ||
| Q2 24 | — | $729.9M |
| Q1 26 | $41.2M | — | ||
| Q4 25 | — | $257.2M | ||
| Q3 25 | — | $119.6M | ||
| Q2 25 | — | $78.4M | ||
| Q1 25 | — | $98.9M | ||
| Q4 24 | — | $146.3M | ||
| Q3 24 | — | $145.6M | ||
| Q2 24 | — | $186.3M |
| Q1 26 | 9.9% | — | ||
| 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 26 | 5.1% | — | ||
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 28.8% |
| Q1 26 | 3.8% | — | ||
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 15.5% | ||
| Q2 25 | — | 12.0% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 25.5% |
| Q1 26 | $1.51 | — | ||
| Q4 25 | — | $1.62 | ||
| Q3 25 | — | $0.75 | ||
| Q2 25 | — | $0.49 | ||
| Q1 25 | — | $0.61 | ||
| Q4 24 | — | $0.89 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | — | $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 | $248.8M | $293.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $2.8B |
| Total Assets | $3.2B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $248.8M | — | ||
| 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 26 | $1.5B | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | $3.2B | — | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.8B | ||
| Q2 24 | — | $3.6B |
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 | — | $281.6M |
| Free Cash FlowOCF − Capex | — | $218.8M |
| FCF MarginFCF / Revenue | — | 20.2% |
| Capex IntensityCapex / Revenue | — | 5.8% |
| Cash ConversionOCF / Net Profit | — | 1.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $450.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $281.6M | ||
| Q3 25 | — | $49.0M | ||
| Q2 25 | — | $182.1M | ||
| Q1 25 | — | $161.6M | ||
| Q4 24 | — | $282.6M | ||
| Q3 24 | — | $166.3M | ||
| Q2 24 | — | $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 | — | — | ||
| 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× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLXS
| Asia-Pacific | $612.0M | 57% |
| Americas | $345.0M | 32% |
| Europe, Middle East and Africa | $118.0M | 11% |
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% |
