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Side-by-side financial comparison of Teradyne (TER) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.1B vs $846.8M, roughly 1.3× Trade Desk (The)). Teradyne runs the higher net margin — 23.7% vs 22.1%, a 1.7% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs 14.3%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $218.8M). Over the past eight quarters, Teradyne's revenue compounded faster (34.4% CAGR vs 31.3%).
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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
TER vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $846.8M |
| Net Profit | $257.2M | $186.9M |
| Gross Margin | 57.2% | 80.7% |
| Operating Margin | 27.1% | 30.3% |
| Net Margin | 23.7% | 22.1% |
| Revenue YoY | 43.9% | 14.3% |
| Net Profit YoY | 75.9% | 2.6% |
| EPS (diluted) | $1.62 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $769.2M | $739.4M | ||
| Q2 25 | $651.8M | $694.0M | ||
| Q1 25 | $685.7M | $616.0M | ||
| Q4 24 | $752.9M | $741.0M | ||
| Q3 24 | $737.3M | $628.0M | ||
| Q2 24 | $729.9M | $584.5M | ||
| Q1 24 | $599.8M | $491.3M |
| Q4 25 | $257.2M | $186.9M | ||
| Q3 25 | $119.6M | $115.5M | ||
| Q2 25 | $78.4M | $90.1M | ||
| Q1 25 | $98.9M | $50.7M | ||
| Q4 24 | $146.3M | $182.2M | ||
| Q3 24 | $145.6M | $94.2M | ||
| Q2 24 | $186.3M | $85.0M | ||
| Q1 24 | $64.2M | $31.7M |
| Q4 25 | 57.2% | 80.7% | ||
| Q3 25 | 58.4% | 78.1% | ||
| Q2 25 | 57.2% | 78.2% | ||
| Q1 25 | 60.6% | 76.8% | ||
| Q4 24 | 59.4% | 81.7% | ||
| Q3 24 | 59.2% | 80.5% | ||
| Q2 24 | 58.3% | 81.1% | ||
| Q1 24 | 56.6% | 78.9% |
| Q4 25 | 27.1% | 30.3% | ||
| Q3 25 | 18.9% | 21.8% | ||
| Q2 25 | 13.9% | 16.8% | ||
| Q1 25 | 17.6% | 8.8% | ||
| Q4 24 | 20.4% | 26.4% | ||
| Q3 24 | 20.6% | 17.3% | ||
| Q2 24 | 28.8% | 16.2% | ||
| Q1 24 | 13.0% | 5.8% |
| Q4 25 | 23.7% | 22.1% | ||
| Q3 25 | 15.5% | 15.6% | ||
| Q2 25 | 12.0% | 13.0% | ||
| Q1 25 | 14.4% | 8.2% | ||
| Q4 24 | 19.4% | 24.6% | ||
| Q3 24 | 19.8% | 15.0% | ||
| Q2 24 | 25.5% | 14.5% | ||
| Q1 24 | 10.7% | 6.4% |
| Q4 25 | $1.62 | $0.39 | ||
| Q3 25 | $0.75 | $0.23 | ||
| Q2 25 | $0.49 | $0.18 | ||
| Q1 25 | $0.61 | $0.10 | ||
| Q4 24 | $0.89 | $0.36 | ||
| Q3 24 | $0.89 | $0.19 | ||
| Q2 24 | $1.14 | $0.17 | ||
| Q1 24 | $0.40 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $2.5B |
| Total Assets | $4.2B | $6.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $293.8M | $1.3B | ||
| Q3 25 | $272.7M | $1.4B | ||
| Q2 25 | $339.3M | $1.7B | ||
| Q1 25 | $475.6M | $1.7B | ||
| Q4 24 | $553.4M | $1.9B | ||
| Q3 24 | $510.0M | $1.7B | ||
| Q2 24 | $421.9M | $1.5B | ||
| Q1 24 | $707.4M | $1.4B |
| Q4 25 | $2.8B | $2.5B | ||
| Q3 25 | $2.7B | $2.6B | ||
| Q2 25 | $2.8B | $2.7B | ||
| Q1 25 | $2.8B | $2.7B | ||
| Q4 24 | $2.8B | $2.9B | ||
| Q3 24 | $2.9B | $2.6B | ||
| Q2 24 | $2.7B | $2.4B | ||
| Q1 24 | $2.6B | $2.2B |
| Q4 25 | $4.2B | $6.2B | ||
| Q3 25 | $4.0B | $5.9B | ||
| Q2 25 | $3.8B | $6.0B | ||
| Q1 25 | $3.7B | $5.7B | ||
| Q4 24 | $3.7B | $6.1B | ||
| Q3 24 | $3.8B | $5.5B | ||
| Q2 24 | $3.6B | $5.2B | ||
| Q1 24 | $3.4B | $4.7B |
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 | $311.6M |
| Free Cash FlowOCF − Capex | $218.8M | $285.3M |
| FCF MarginFCF / Revenue | 20.2% | 33.7% |
| Capex IntensityCapex / Revenue | 5.8% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.09× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $450.4M | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $281.6M | $311.6M | ||
| Q3 25 | $49.0M | $224.7M | ||
| Q2 25 | $182.1M | $165.0M | ||
| Q1 25 | $161.6M | $291.4M | ||
| Q4 24 | $282.6M | $199.4M | ||
| Q3 24 | $166.3M | $273.3M | ||
| Q2 24 | $216.1M | $81.3M | ||
| Q1 24 | $7.3M | $185.5M |
| Q4 25 | $218.8M | $285.3M | ||
| Q3 25 | $2.4M | $158.3M | ||
| Q2 25 | $131.7M | $119.8M | ||
| Q1 25 | $97.6M | $232.3M | ||
| Q4 24 | $225.2M | $179.2M | ||
| Q3 24 | $114.4M | $224.6M | ||
| Q2 24 | $171.2M | $59.1M | ||
| Q1 24 | $-36.7M | $178.2M |
| Q4 25 | 20.2% | 33.7% | ||
| Q3 25 | 0.3% | 21.4% | ||
| Q2 25 | 20.2% | 17.3% | ||
| Q1 25 | 14.2% | 37.7% | ||
| Q4 24 | 29.9% | 24.2% | ||
| Q3 24 | 15.5% | 35.8% | ||
| Q2 24 | 23.5% | 10.1% | ||
| Q1 24 | -6.1% | 36.3% |
| Q4 25 | 5.8% | 3.1% | ||
| Q3 25 | 6.1% | 9.0% | ||
| Q2 25 | 7.7% | 6.5% | ||
| Q1 25 | 9.3% | 9.6% | ||
| Q4 24 | 7.6% | 2.7% | ||
| Q3 24 | 7.0% | 7.8% | ||
| Q2 24 | 6.1% | 3.8% | ||
| Q1 24 | 7.3% | 1.5% |
| Q4 25 | 1.09× | 1.67× | ||
| Q3 25 | 0.41× | 1.94× | ||
| Q2 25 | 2.32× | 1.83× | ||
| Q1 25 | 1.63× | 5.75× | ||
| Q4 24 | 1.93× | 1.09× | ||
| Q3 24 | 1.14× | 2.90× | ||
| Q2 24 | 1.16× | 0.96× | ||
| Q1 24 | 0.11× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
