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Side-by-side financial comparison of Teradyne (TER) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× VALMONT INDUSTRIES INC). Teradyne runs the higher net margin — 23.7% vs 10.5%, a 13.2% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs 6.2%). Over the past eight quarters, Teradyne's revenue compounded faster (34.4% CAGR vs -0.5%).
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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
TER vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.0B |
| Net Profit | $257.2M | $108.0M |
| Gross Margin | 57.2% | 30.8% |
| Operating Margin | 27.1% | 15.1% |
| Net Margin | 23.7% | 10.5% |
| Revenue YoY | 43.9% | 6.2% |
| Net Profit YoY | 75.9% | 23.8% |
| EPS (diluted) | $1.62 | $5.51 |
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 | — | $1.0B | ||
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $769.2M | $1.0B | ||
| Q2 25 | $651.8M | $1.1B | ||
| Q1 25 | $685.7M | $969.3M | ||
| Q4 24 | $752.9M | $1.0B | ||
| Q3 24 | $737.3M | $1.0B | ||
| Q2 24 | $729.9M | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $257.2M | $168.0M | ||
| Q3 25 | $119.6M | $99.0M | ||
| Q2 25 | $78.4M | $-4.0M | ||
| Q1 25 | $98.9M | $87.3M | ||
| Q4 24 | $146.3M | $77.7M | ||
| Q3 24 | $145.6M | $83.1M | ||
| Q2 24 | $186.3M | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | 57.2% | 29.8% | ||
| Q3 25 | 58.4% | 30.4% | ||
| Q2 25 | 57.2% | 30.6% | ||
| Q1 25 | 60.6% | 30.0% | ||
| Q4 24 | 59.4% | 30.2% | ||
| Q3 24 | 59.2% | 29.6% | ||
| Q2 24 | 58.3% | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 27.1% | 11.2% | ||
| Q3 25 | 18.9% | 13.5% | ||
| Q2 25 | 13.9% | 2.8% | ||
| Q1 25 | 17.6% | 13.2% | ||
| Q4 24 | 20.4% | 11.6% | ||
| Q3 24 | 20.6% | 12.3% | ||
| Q2 24 | 28.8% | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 23.7% | 16.2% | ||
| Q3 25 | 15.5% | 9.5% | ||
| Q2 25 | 12.0% | -0.4% | ||
| Q1 25 | 14.4% | 9.0% | ||
| Q4 24 | 19.4% | 7.5% | ||
| Q3 24 | 19.8% | 8.1% | ||
| Q2 24 | 25.5% | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | $1.62 | $9.02 | ||
| Q3 25 | $0.75 | $4.98 | ||
| Q2 25 | $0.49 | $-1.53 | ||
| Q1 25 | $0.61 | $4.32 | ||
| Q4 24 | $0.89 | $3.85 | ||
| Q3 24 | $0.89 | $4.11 | ||
| Q2 24 | $1.14 | $4.91 |
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 | $160.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $1.7B |
| Total Assets | $4.2B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $293.8M | $187.1M | ||
| Q3 25 | $272.7M | $226.1M | ||
| Q2 25 | $339.3M | $208.5M | ||
| Q1 25 | $475.6M | $184.4M | ||
| Q4 24 | $553.4M | $164.3M | ||
| Q3 24 | $510.0M | $200.5M | ||
| Q2 24 | $421.9M | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.8B | $1.5B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $2.8B | $1.5B | ||
| Q3 24 | $2.9B | $1.5B | ||
| Q2 24 | $2.7B | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $4.2B | $3.4B | ||
| Q3 25 | $4.0B | $3.4B | ||
| Q2 25 | $3.8B | $3.3B | ||
| Q1 25 | $3.7B | $3.4B | ||
| Q4 24 | $3.7B | $3.3B | ||
| Q3 24 | $3.8B | $3.5B | ||
| Q2 24 | $3.6B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $218.8M | — |
| FCF MarginFCF / Revenue | 20.2% | — |
| Capex IntensityCapex / Revenue | 5.8% | — |
| Cash ConversionOCF / Net Profit | 1.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $450.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $281.6M | $111.2M | ||
| Q3 25 | $49.0M | $112.5M | ||
| Q2 25 | $182.1M | $167.6M | ||
| Q1 25 | $161.6M | $65.1M | ||
| Q4 24 | $282.6M | $193.4M | ||
| Q3 24 | $166.3M | $225.1M | ||
| Q2 24 | $216.1M | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | $218.8M | $70.4M | ||
| Q3 25 | $2.4M | $70.6M | ||
| Q2 25 | $131.7M | $135.6M | ||
| Q1 25 | $97.6M | $34.8M | ||
| Q4 24 | $225.2M | $167.8M | ||
| Q3 24 | $114.4M | $204.6M | ||
| Q2 24 | $171.2M | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 6.8% | ||
| Q3 25 | 0.3% | 6.7% | ||
| Q2 25 | 20.2% | 12.9% | ||
| Q1 25 | 14.2% | 3.6% | ||
| Q4 24 | 29.9% | 16.2% | ||
| Q3 24 | 15.5% | 20.1% | ||
| Q2 24 | 23.5% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 3.9% | ||
| Q3 25 | 6.1% | 4.0% | ||
| Q2 25 | 7.7% | 3.0% | ||
| Q1 25 | 9.3% | 3.1% | ||
| Q4 24 | 7.6% | 2.5% | ||
| Q3 24 | 7.0% | 2.0% | ||
| Q2 24 | 6.1% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.09× | 0.66× | ||
| Q3 25 | 0.41× | 1.14× | ||
| Q2 25 | 2.32× | — | ||
| Q1 25 | 1.63× | 0.75× | ||
| Q4 24 | 1.93× | 2.49× | ||
| Q3 24 | 1.14× | 2.71× | ||
| Q2 24 | 1.16× | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
