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Side-by-side financial comparison of Teradyne (TER) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.1B vs $611.2M, roughly 1.8× TRINITY INDUSTRIES INC). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs 23.7%, a 8.0% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs -2.9%). Teradyne produced more free cash flow last quarter ($218.8M vs $158.6M). Over the past eight quarters, Teradyne's revenue compounded faster (34.4% CAGR vs -13.1%).
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.
Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.
TER vs TRN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $611.2M |
| Net Profit | $257.2M | $194.2M |
| Gross Margin | 57.2% | 25.5% |
| Operating Margin | 27.1% | 54.9% |
| Net Margin | 23.7% | 31.8% |
| Revenue YoY | 43.9% | -2.9% |
| Net Profit YoY | 75.9% | 413.8% |
| EPS (diluted) | $1.62 | $2.25 |
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 | $611.2M | ||
| Q3 25 | $769.2M | $454.1M | ||
| Q2 25 | $651.8M | $506.2M | ||
| Q1 25 | $685.7M | $585.4M | ||
| Q4 24 | $752.9M | $629.4M | ||
| Q3 24 | $737.3M | $798.8M | ||
| Q2 24 | $729.9M | $841.4M | ||
| Q1 24 | $599.8M | $809.6M |
| Q4 25 | $257.2M | $194.2M | ||
| Q3 25 | $119.6M | $30.3M | ||
| Q2 25 | $78.4M | $14.1M | ||
| Q1 25 | $98.9M | $22.1M | ||
| Q4 24 | $146.3M | $37.8M | ||
| Q3 24 | $145.6M | $31.4M | ||
| Q2 24 | $186.3M | $54.4M | ||
| Q1 24 | $64.2M | $23.7M |
| Q4 25 | 57.2% | 25.5% | ||
| Q3 25 | 58.4% | 31.1% | ||
| Q2 25 | 57.2% | 26.4% | ||
| Q1 25 | 60.6% | 24.3% | ||
| Q4 24 | 59.4% | 24.6% | ||
| Q3 24 | 59.2% | 21.2% | ||
| Q2 24 | 58.3% | 21.3% | ||
| Q1 24 | 56.6% | 20.3% |
| Q4 25 | 27.1% | 54.9% | ||
| Q3 25 | 18.9% | 26.1% | ||
| Q2 25 | 13.9% | 18.8% | ||
| Q1 25 | 17.6% | 17.0% | ||
| Q4 24 | 20.4% | 17.8% | ||
| Q3 24 | 20.6% | 15.3% | ||
| Q2 24 | 28.8% | 16.9% | ||
| Q1 24 | 13.0% | 14.2% |
| Q4 25 | 23.7% | 31.8% | ||
| Q3 25 | 15.5% | 6.7% | ||
| Q2 25 | 12.0% | 2.8% | ||
| Q1 25 | 14.4% | 3.8% | ||
| Q4 24 | 19.4% | 6.0% | ||
| Q3 24 | 19.8% | 3.9% | ||
| Q2 24 | 25.5% | 6.5% | ||
| Q1 24 | 10.7% | 2.9% |
| Q4 25 | $1.62 | $2.25 | ||
| Q3 25 | $0.75 | $0.37 | ||
| Q2 25 | $0.49 | $0.17 | ||
| Q1 25 | $0.61 | $0.26 | ||
| Q4 24 | $0.89 | $0.34 | ||
| Q3 24 | $0.89 | $0.37 | ||
| Q2 24 | $1.14 | $0.65 | ||
| Q1 24 | $0.40 | $0.28 |
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 | $201.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $1.1B |
| Total Assets | $4.2B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $293.8M | $201.3M | ||
| Q3 25 | $272.7M | $66.3M | ||
| Q2 25 | $339.3M | $147.7M | ||
| Q1 25 | $475.6M | $94.9M | ||
| Q4 24 | $553.4M | $228.2M | ||
| Q3 24 | $510.0M | $222.4M | ||
| Q2 24 | $421.9M | $257.1M | ||
| Q1 24 | $707.4M | $118.8M |
| Q4 25 | $2.8B | $1.1B | ||
| Q3 25 | $2.7B | $1.0B | ||
| Q2 25 | $2.8B | $1.0B | ||
| Q1 25 | $2.8B | $1.1B | ||
| Q4 24 | $2.8B | $1.1B | ||
| Q3 24 | $2.9B | $1.1B | ||
| Q2 24 | $2.7B | $1.1B | ||
| Q1 24 | $2.6B | $1.0B |
| Q4 25 | $4.2B | $8.4B | ||
| Q3 25 | $4.0B | $8.9B | ||
| Q2 25 | $3.8B | $8.8B | ||
| Q1 25 | $3.7B | $8.7B | ||
| Q4 24 | $3.7B | $8.8B | ||
| Q3 24 | $3.8B | $8.8B | ||
| Q2 24 | $3.6B | $9.0B | ||
| Q1 24 | $3.4B | $9.1B |
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 | $177.4M |
| Free Cash FlowOCF − Capex | $218.8M | $158.6M |
| FCF MarginFCF / Revenue | 20.2% | 25.9% |
| Capex IntensityCapex / Revenue | 5.8% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.09× | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | $450.4M | $314.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $281.6M | $177.4M | ||
| Q3 25 | $49.0M | $44.2M | ||
| Q2 25 | $182.1M | $61.6M | ||
| Q1 25 | $161.6M | $76.5M | ||
| Q4 24 | $282.6M | $201.6M | ||
| Q3 24 | $166.3M | $78.5M | ||
| Q2 24 | $216.1M | $241.5M | ||
| Q1 24 | $7.3M | $52.2M |
| Q4 25 | $218.8M | $158.6M | ||
| Q3 25 | $2.4M | $35.3M | ||
| Q2 25 | $131.7M | $52.9M | ||
| Q1 25 | $97.6M | $67.3M | ||
| Q4 24 | $225.2M | $180.1M | ||
| Q3 24 | $114.4M | $62.1M | ||
| Q2 24 | $171.2M | $230.2M | ||
| Q1 24 | $-36.7M | $47.6M |
| Q4 25 | 20.2% | 25.9% | ||
| Q3 25 | 0.3% | 7.8% | ||
| Q2 25 | 20.2% | 10.5% | ||
| Q1 25 | 14.2% | 11.5% | ||
| Q4 24 | 29.9% | 28.6% | ||
| Q3 24 | 15.5% | 7.8% | ||
| Q2 24 | 23.5% | 27.4% | ||
| Q1 24 | -6.1% | 5.9% |
| Q4 25 | 5.8% | 3.1% | ||
| Q3 25 | 6.1% | 2.0% | ||
| Q2 25 | 7.7% | 1.7% | ||
| Q1 25 | 9.3% | 1.6% | ||
| Q4 24 | 7.6% | 3.4% | ||
| Q3 24 | 7.0% | 2.1% | ||
| Q2 24 | 6.1% | 1.3% | ||
| Q1 24 | 7.3% | 0.6% |
| Q4 25 | 1.09× | 0.91× | ||
| Q3 25 | 0.41× | 1.46× | ||
| Q2 25 | 2.32× | 4.37× | ||
| Q1 25 | 1.63× | 3.46× | ||
| Q4 24 | 1.93× | 5.33× | ||
| Q3 24 | 1.14× | 2.50× | ||
| Q2 24 | 1.16× | 4.44× | ||
| Q1 24 | 0.11× | 2.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
