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Side-by-side financial comparison of Teradyne (TER) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.0× MARRIOTT VACATIONS WORLDWIDE Corp). Teradyne runs the higher net margin — 31.1% vs -35.0%, a 66.1% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs -0.7%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs 5.2%).
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.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
TER vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.2B |
| Net Profit | $398.9M | $-431.0M |
| Gross Margin | 60.9% | — |
| Operating Margin | 36.9% | — |
| Net Margin | 31.1% | -35.0% |
| Revenue YoY | 87.0% | -0.7% |
| Net Profit YoY | — | -962.0% |
| EPS (diluted) | $2.53 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $769.2M | $1.2B | ||
| Q2 25 | $651.8M | $1.2B | ||
| Q1 25 | $685.7M | $1.1B | ||
| Q4 24 | $752.9M | $1.2B | ||
| Q3 24 | $737.3M | $1.2B | ||
| Q2 24 | $729.9M | $1.1B |
| Q1 26 | $398.9M | — | ||
| Q4 25 | $257.2M | $-431.0M | ||
| Q3 25 | $119.6M | $-2.0M | ||
| Q2 25 | $78.4M | $69.0M | ||
| Q1 25 | $98.9M | $56.0M | ||
| Q4 24 | $146.3M | $50.0M | ||
| Q3 24 | $145.6M | $84.0M | ||
| Q2 24 | $186.3M | $37.0M |
| 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% | — | ||
| 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 | 31.1% | — | ||
| Q4 25 | 23.7% | -35.0% | ||
| Q3 25 | 15.5% | -0.2% | ||
| Q2 25 | 12.0% | 6.0% | ||
| Q1 25 | 14.4% | 5.0% | ||
| Q4 24 | 19.4% | 4.0% | ||
| Q3 24 | 19.8% | 6.9% | ||
| Q2 24 | 25.5% | 3.5% |
| Q1 26 | $2.53 | — | ||
| Q4 25 | $1.62 | $-12.00 | ||
| Q3 25 | $0.75 | $-0.07 | ||
| Q2 25 | $0.49 | $1.77 | ||
| Q1 25 | $0.61 | $1.46 | ||
| Q4 24 | $0.89 | $1.29 | ||
| Q3 24 | $0.89 | $2.12 | ||
| Q2 24 | $1.14 | $0.98 |
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 | $406.0M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | — | $2.0B |
| Total Assets | $4.4B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $241.9M | — | ||
| Q4 25 | $293.8M | $406.0M | ||
| Q3 25 | $272.7M | $474.0M | ||
| Q2 25 | $339.3M | $205.0M | ||
| Q1 25 | $475.6M | $196.0M | ||
| Q4 24 | $553.4M | $197.0M | ||
| Q3 24 | $510.0M | $197.0M | ||
| Q2 24 | $421.9M | $206.0M |
| Q1 26 | $0 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $2.0B | ||
| Q3 25 | $2.7B | $2.5B | ||
| Q2 25 | $2.8B | $2.5B | ||
| Q1 25 | $2.8B | $2.4B | ||
| Q4 24 | $2.8B | $2.4B | ||
| Q3 24 | $2.9B | $2.4B | ||
| Q2 24 | $2.7B | $2.4B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $9.8B | ||
| Q3 25 | $4.0B | $10.1B | ||
| Q2 25 | $3.8B | $9.9B | ||
| Q1 25 | $3.7B | $9.9B | ||
| Q4 24 | $3.7B | $9.8B | ||
| Q3 24 | $3.8B | $9.7B | ||
| Q2 24 | $3.6B | $9.6B |
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 | $265.1M | $6.0M |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 0.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $265.1M | — | ||
| Q4 25 | $281.6M | $6.0M | ||
| Q3 25 | $49.0M | $62.0M | ||
| Q2 25 | $182.1M | $-48.0M | ||
| Q1 25 | $161.6M | $8.0M | ||
| Q4 24 | $282.6M | $100.0M | ||
| Q3 24 | $166.3M | $72.0M | ||
| Q2 24 | $216.1M | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | $218.8M | $-6.0M | ||
| Q3 25 | $2.4M | $51.0M | ||
| Q2 25 | $131.7M | $-68.0M | ||
| Q1 25 | $97.6M | $-6.0M | ||
| Q4 24 | $225.2M | $86.0M | ||
| Q3 24 | $114.4M | $58.0M | ||
| Q2 24 | $171.2M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | -0.5% | ||
| Q3 25 | 0.3% | 4.3% | ||
| Q2 25 | 20.2% | -5.9% | ||
| Q1 25 | 14.2% | -0.5% | ||
| Q4 24 | 29.9% | 6.9% | ||
| Q3 24 | 15.5% | 4.8% | ||
| Q2 24 | 23.5% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 1.0% | ||
| Q3 25 | 6.1% | 0.9% | ||
| Q2 25 | 7.7% | 1.7% | ||
| Q1 25 | 9.3% | 1.3% | ||
| Q4 24 | 7.6% | 1.1% | ||
| Q3 24 | 7.0% | 1.1% | ||
| Q2 24 | 6.1% | 1.2% |
| Q1 26 | 0.66× | — | ||
| Q4 25 | 1.09× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 2.32× | -0.70× | ||
| Q1 25 | 1.63× | 0.14× | ||
| Q4 24 | 1.93× | 2.00× | ||
| Q3 24 | 1.14× | 0.86× | ||
| Q2 24 | 1.16× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TER
Segment breakdown not available.
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
