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Side-by-side financial comparison of SiriusPoint Ltd (SPNT) and Teradyne (TER). Click either name above to swap in a different company.

Teradyne is the larger business by last-quarter revenue ($1.3B vs $973.7M, roughly 1.3× SiriusPoint Ltd). Teradyne runs the higher net margin — 31.1% vs 25.1%, a 6.0% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 58.9%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs 19.2%).

SiriusPoint Ltd is a global specialty insurance and reinsurance provider based in Pembroke, Bermuda. It offers property, casualty, specialty line coverages and alternative capital solutions, serving commercial clients and risk carriers across North America, Europe, Asia Pacific and other key markets, focusing on rigorous underwriting and stable risk-adjusted returns.

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.

SPNT vs TER — Head-to-Head

Bigger by revenue
TER
TER
1.3× larger
TER
$1.3B
$973.7M
SPNT
Growing faster (revenue YoY)
TER
TER
+28.1% gap
TER
87.0%
58.9%
SPNT
Higher net margin
TER
TER
6.0% more per $
TER
31.1%
25.1%
SPNT
Faster 2-yr revenue CAGR
TER
TER
Annualised
TER
32.6%
19.2%
SPNT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SPNT
SPNT
TER
TER
Revenue
$973.7M
$1.3B
Net Profit
$244.1M
$398.9M
Gross Margin
60.9%
Operating Margin
28.8%
36.9%
Net Margin
25.1%
31.1%
Revenue YoY
58.9%
87.0%
Net Profit YoY
1535.9%
EPS (diluted)
$1.92
$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.

Revenue
SPNT
SPNT
TER
TER
Q1 26
$1.3B
Q4 25
$973.7M
$1.1B
Q3 25
$755.9M
$769.2M
Q2 25
$748.2M
$651.8M
Q1 25
$727.3M
$685.7M
Q4 24
$612.8M
$752.9M
Q3 24
$562.2M
$737.3M
Q2 24
$743.3M
$729.9M
Net Profit
SPNT
SPNT
TER
TER
Q1 26
$398.9M
Q4 25
$244.1M
$257.2M
Q3 25
$90.8M
$119.6M
Q2 25
$63.2M
$78.4M
Q1 25
$61.6M
$98.9M
Q4 24
$-17.0M
$146.3M
Q3 24
$8.5M
$145.6M
Q2 24
$113.9M
$186.3M
Gross Margin
SPNT
SPNT
TER
TER
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
59.2%
Q2 24
58.3%
Operating Margin
SPNT
SPNT
TER
TER
Q1 26
36.9%
Q4 25
28.8%
27.1%
Q3 25
14.7%
18.9%
Q2 25
10.0%
13.9%
Q1 25
10.4%
17.6%
Q4 24
-2.1%
20.4%
Q3 24
2.0%
20.6%
Q2 24
17.4%
28.8%
Net Margin
SPNT
SPNT
TER
TER
Q1 26
31.1%
Q4 25
25.1%
23.7%
Q3 25
12.0%
15.5%
Q2 25
8.4%
12.0%
Q1 25
8.5%
14.4%
Q4 24
-2.8%
19.4%
Q3 24
1.5%
19.8%
Q2 24
15.3%
25.5%
EPS (diluted)
SPNT
SPNT
TER
TER
Q1 26
$2.53
Q4 25
$1.92
$1.62
Q3 25
$0.73
$0.75
Q2 25
$0.50
$0.49
Q1 25
$0.49
$0.61
Q4 24
$-0.05
$0.89
Q3 24
$0.03
$0.89
Q2 24
$0.57
$1.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SPNT
SPNT
TER
TER
Cash + ST InvestmentsLiquidity on hand
$731.2M
$241.9M
Total DebtLower is stronger
$688.6M
$0
Stockholders' EquityBook value
$2.5B
Total Assets
$12.6B
$4.4B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPNT
SPNT
TER
TER
Q1 26
$241.9M
Q4 25
$731.2M
$293.8M
Q3 25
$582.4M
$272.7M
Q2 25
$732.4M
$339.3M
Q1 25
$740.3M
$475.6M
Q4 24
$682.0M
$553.4M
Q3 24
$640.7M
$510.0M
Q2 24
$598.1M
$421.9M
Total Debt
SPNT
SPNT
TER
TER
Q1 26
$0
Q4 25
$688.6M
Q3 25
$682.5M
Q2 25
$678.4M
Q1 25
$663.5M
Q4 24
$639.1M
Q3 24
$660.5M
Q2 24
$648.6M
Stockholders' Equity
SPNT
SPNT
TER
TER
Q1 26
Q4 25
$2.5B
$2.8B
Q3 25
$2.2B
$2.7B
Q2 25
$2.1B
$2.8B
Q1 25
$2.0B
$2.8B
Q4 24
$1.9B
$2.8B
Q3 24
$2.7B
$2.9B
Q2 24
$2.7B
$2.7B
Total Assets
SPNT
SPNT
TER
TER
Q1 26
$4.4B
Q4 25
$12.6B
$4.2B
Q3 25
$12.5B
$4.0B
Q2 25
$12.4B
$3.8B
Q1 25
$12.3B
$3.7B
Q4 24
$12.5B
$3.7B
Q3 24
$12.7B
$3.8B
Q2 24
$12.8B
$3.6B
Debt / Equity
SPNT
SPNT
TER
TER
Q1 26
Q4 25
0.28×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.33×
Q4 24
0.33×
Q3 24
0.25×
Q2 24
0.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SPNT
SPNT
TER
TER
Operating Cash FlowLast quarter
$-26.4M
$265.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.11×
0.66×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPNT
SPNT
TER
TER
Q1 26
$265.1M
Q4 25
$-26.4M
$281.6M
Q3 25
$155.6M
$49.0M
Q2 25
$62.1M
$182.1M
Q1 25
$-88.9M
$161.6M
Q4 24
$107.7M
$282.6M
Q3 24
$58.1M
$166.3M
Q2 24
$-149.9M
$216.1M
Free Cash Flow
SPNT
SPNT
TER
TER
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
FCF Margin
SPNT
SPNT
TER
TER
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%
Capex Intensity
SPNT
SPNT
TER
TER
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%
Cash Conversion
SPNT
SPNT
TER
TER
Q1 26
0.66×
Q4 25
-0.11×
1.09×
Q3 25
1.71×
0.41×
Q2 25
0.98×
2.32×
Q1 25
-1.44×
1.63×
Q4 24
1.93×
Q3 24
6.84×
1.14×
Q2 24
-1.32×
1.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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