vs
Side-by-side financial comparison of Teradyne (TER) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.3B vs $997.0M, roughly 1.3× Frontier Group Holdings, Inc.). Teradyne runs the higher net margin — 31.1% vs 5.3%, a 25.8% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs -0.5%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs 7.4%).
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.
Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.
TER vs ULCC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $997.0M |
| Net Profit | $398.9M | $53.0M |
| Gross Margin | 60.9% | — |
| Operating Margin | 36.9% | 4.9% |
| Net Margin | 31.1% | 5.3% |
| Revenue YoY | 87.0% | -0.5% |
| Net Profit YoY | — | -1.9% |
| EPS (diluted) | $2.53 | $0.24 |
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 | $1.1B | $997.0M | ||
| Q3 25 | $769.2M | $886.0M | ||
| Q2 25 | $651.8M | $929.0M | ||
| Q1 25 | $685.7M | $912.0M | ||
| Q4 24 | $752.9M | $1.0B | ||
| Q3 24 | $737.3M | $935.0M | ||
| Q2 24 | $729.9M | $973.0M |
| Q1 26 | $398.9M | — | ||
| Q4 25 | $257.2M | $53.0M | ||
| Q3 25 | $119.6M | $-77.0M | ||
| Q2 25 | $78.4M | $-70.0M | ||
| Q1 25 | $98.9M | $-43.0M | ||
| Q4 24 | $146.3M | $54.0M | ||
| Q3 24 | $145.6M | $26.0M | ||
| Q2 24 | $186.3M | $31.0M |
| 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% | — |
| Q1 26 | 36.9% | — | ||
| Q4 25 | 27.1% | 4.9% | ||
| Q3 25 | 18.9% | -8.7% | ||
| Q2 25 | 13.9% | -8.1% | ||
| Q1 25 | 17.6% | -5.0% | ||
| Q4 24 | 20.4% | 4.5% | ||
| Q3 24 | 20.6% | 2.0% | ||
| Q2 24 | 28.8% | 2.6% |
| Q1 26 | 31.1% | — | ||
| Q4 25 | 23.7% | 5.3% | ||
| Q3 25 | 15.5% | -8.7% | ||
| Q2 25 | 12.0% | -7.5% | ||
| Q1 25 | 14.4% | -4.7% | ||
| Q4 24 | 19.4% | 5.4% | ||
| Q3 24 | 19.8% | 2.8% | ||
| Q2 24 | 25.5% | 3.2% |
| Q1 26 | $2.53 | — | ||
| Q4 25 | $1.62 | $0.24 | ||
| Q3 25 | $0.75 | $-0.34 | ||
| Q2 25 | $0.49 | $-0.31 | ||
| Q1 25 | $0.61 | $-0.19 | ||
| Q4 24 | $0.89 | $0.24 | ||
| Q3 24 | $0.89 | $0.11 | ||
| Q2 24 | $1.14 | $0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $241.9M | $671.0M |
| Total DebtLower is stronger | $0 | $620.0M |
| Stockholders' EquityBook value | — | $491.0M |
| Total Assets | $4.4B | $7.2B |
| Debt / EquityLower = less leverage | — | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $241.9M | — | ||
| Q4 25 | $293.8M | $671.0M | ||
| Q3 25 | $272.7M | $566.0M | ||
| Q2 25 | $339.3M | $563.0M | ||
| Q1 25 | $475.6M | $686.0M | ||
| Q4 24 | $553.4M | $740.0M | ||
| Q3 24 | $510.0M | $576.0M | ||
| Q2 24 | $421.9M | $658.0M |
| Q1 26 | $0 | — | ||
| Q4 25 | — | $620.0M | ||
| Q3 25 | — | $673.0M | ||
| Q2 25 | — | $565.0M | ||
| Q1 25 | — | $512.0M | ||
| Q4 24 | — | $507.0M | ||
| Q3 24 | — | $474.0M | ||
| Q2 24 | — | $455.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $491.0M | ||
| Q3 25 | $2.7B | $434.0M | ||
| Q2 25 | $2.8B | $506.0M | ||
| Q1 25 | $2.8B | $570.0M | ||
| Q4 24 | $2.8B | $604.0M | ||
| Q3 24 | $2.9B | $549.0M | ||
| Q2 24 | $2.7B | $520.0M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $7.2B | ||
| Q3 25 | $4.0B | $6.7B | ||
| Q2 25 | $3.8B | $6.5B | ||
| Q1 25 | $3.7B | $6.5B | ||
| Q4 24 | $3.7B | $6.2B | ||
| Q3 24 | $3.8B | $5.8B | ||
| Q2 24 | $3.6B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.26× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.88× |
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 | $265.1M | $-91.0M |
| Free Cash FlowOCF − Capex | — | $-113.0M |
| FCF MarginFCF / Revenue | — | -11.3% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 0.66× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $265.1M | — | ||
| Q4 25 | $281.6M | $-91.0M | ||
| Q3 25 | $49.0M | $-215.0M | ||
| Q2 25 | $182.1M | $-133.0M | ||
| Q1 25 | $161.6M | $-86.0M | ||
| Q4 24 | $282.6M | $87.0M | ||
| Q3 24 | $166.3M | $-156.0M | ||
| Q2 24 | $216.1M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | $218.8M | $-113.0M | ||
| Q3 25 | $2.4M | $-217.0M | ||
| Q2 25 | $131.7M | $-166.0M | ||
| Q1 25 | $97.6M | $-104.0M | ||
| Q4 24 | $225.2M | $73.0M | ||
| Q3 24 | $114.4M | $-170.0M | ||
| Q2 24 | $171.2M | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | -11.3% | ||
| Q3 25 | 0.3% | -24.5% | ||
| Q2 25 | 20.2% | -17.9% | ||
| Q1 25 | 14.2% | -11.4% | ||
| Q4 24 | 29.9% | 7.3% | ||
| Q3 24 | 15.5% | -18.2% | ||
| Q2 24 | 23.5% | -2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 2.2% | ||
| Q3 25 | 6.1% | 0.2% | ||
| Q2 25 | 7.7% | 3.6% | ||
| Q1 25 | 9.3% | 2.0% | ||
| Q4 24 | 7.6% | 1.4% | ||
| Q3 24 | 7.0% | 1.5% | ||
| Q2 24 | 6.1% | 3.2% |
| Q1 26 | 0.66× | — | ||
| Q4 25 | 1.09× | -1.72× | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 2.32× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 1.93× | 1.61× | ||
| Q3 24 | 1.14× | -6.00× | ||
| Q2 24 | 1.16× | 0.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TER
Segment breakdown not available.
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
