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Side-by-side financial comparison of Teradyne (TER) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.3B vs $718.6M, roughly 1.8× VinFast Auto Ltd.). Teradyne runs the higher net margin — 31.1% vs -2.8%, a 33.9% gap on every dollar of revenue.
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.
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
TER vs VFS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $718.6M |
| Net Profit | $398.9M | $-20.0M |
| Gross Margin | 60.9% | — |
| Operating Margin | 36.9% | -96.1% |
| Net Margin | 31.1% | -2.8% |
| Revenue YoY | 87.0% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $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.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $769.2M | $718.6M | ||
| Q2 25 | $651.8M | $663.0M | ||
| Q1 25 | $685.7M | $656.5M | ||
| Q4 24 | $752.9M | — | ||
| Q3 24 | $737.3M | $511.6M | ||
| Q2 24 | $729.9M | — |
| Q1 26 | $398.9M | — | ||
| Q4 25 | $257.2M | — | ||
| Q3 25 | $119.6M | $-20.0M | ||
| Q2 25 | $78.4M | $-51.8M | ||
| Q1 25 | $98.9M | $-26.1M | ||
| Q4 24 | $146.3M | — | ||
| Q3 24 | $145.6M | $-10.4M | ||
| Q2 24 | $186.3M | — |
| 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% | -96.1% | ||
| Q2 25 | 13.9% | -79.0% | ||
| Q1 25 | 17.6% | -74.0% | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 20.6% | -65.9% | ||
| Q2 24 | 28.8% | — |
| Q1 26 | 31.1% | — | ||
| Q4 25 | 23.7% | — | ||
| Q3 25 | 15.5% | -2.8% | ||
| Q2 25 | 12.0% | -7.8% | ||
| Q1 25 | 14.4% | -4.0% | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | 19.8% | -2.0% | ||
| Q2 24 | 25.5% | — |
| Q1 26 | $2.53 | — | ||
| Q4 25 | $1.62 | — | ||
| Q3 25 | $0.75 | — | ||
| Q2 25 | $0.49 | — | ||
| Q1 25 | $0.61 | — | ||
| Q4 24 | $0.89 | — | ||
| Q3 24 | $0.89 | — | ||
| Q2 24 | $1.14 | — |
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 | $8.8M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | $4.4B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $241.9M | — | ||
| Q4 25 | $293.8M | — | ||
| Q3 25 | $272.7M | $8.8M | ||
| Q2 25 | $339.3M | $650.0M | ||
| Q1 25 | $475.6M | $2.4M | ||
| Q4 24 | $553.4M | — | ||
| Q3 24 | $510.0M | $1.9M | ||
| Q2 24 | $421.9M | — |
| Q1 26 | $0 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.8B | $-7.2B | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.7B | — |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.0B | $183.2M | ||
| Q2 25 | $3.8B | $7.2B | ||
| Q1 25 | $3.7B | $158.2M | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.8B | $151.8M | ||
| Q2 24 | $3.6B | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $265.1M | — | ||
| Q4 25 | $281.6M | — | ||
| Q3 25 | $49.0M | — | ||
| Q2 25 | $182.1M | — | ||
| Q1 25 | $161.6M | — | ||
| Q4 24 | $282.6M | — | ||
| Q3 24 | $166.3M | — | ||
| Q2 24 | $216.1M | — |
| 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 | — |
| 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% | — |
| 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% | — |
| Q1 26 | 0.66× | — | ||
| Q4 25 | 1.09× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 2.32× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | 1.16× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TER
Segment breakdown not available.
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
