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Side-by-side financial comparison of Teradyne (TER) and XPO, Inc. (XPO). Click either name above to swap in a different company.
XPO, Inc. is the larger business by last-quarter revenue ($2.0B vs $1.3B, roughly 1.6× Teradyne). Teradyne runs the higher net margin — 31.1% vs 2.9%, a 28.2% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 4.7%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs -0.1%).
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.
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
TER vs XPO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.0B |
| Net Profit | $398.9M | $59.0M |
| Gross Margin | 60.9% | — |
| Operating Margin | 36.9% | 7.1% |
| Net Margin | 31.1% | 2.9% |
| Revenue YoY | 87.0% | 4.7% |
| Net Profit YoY | — | -21.3% |
| EPS (diluted) | $2.53 | $0.49 |
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 | $2.0B | ||
| Q3 25 | $769.2M | $2.1B | ||
| Q2 25 | $651.8M | $2.1B | ||
| Q1 25 | $685.7M | $2.0B | ||
| Q4 24 | $752.9M | $1.9B | ||
| Q3 24 | $737.3M | $2.1B | ||
| Q2 24 | $729.9M | $2.1B |
| Q1 26 | $398.9M | — | ||
| Q4 25 | $257.2M | $59.0M | ||
| Q3 25 | $119.6M | $82.0M | ||
| Q2 25 | $78.4M | $106.0M | ||
| Q1 25 | $98.9M | $69.0M | ||
| Q4 24 | $146.3M | $75.0M | ||
| Q3 24 | $145.6M | $95.0M | ||
| Q2 24 | $186.3M | $150.0M |
| 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% | 7.1% | ||
| Q3 25 | 18.9% | 7.8% | ||
| Q2 25 | 13.9% | 9.5% | ||
| Q1 25 | 17.6% | 7.7% | ||
| Q4 24 | 20.4% | 7.8% | ||
| Q3 24 | 20.6% | 8.6% | ||
| Q2 24 | 28.8% | 9.5% |
| Q1 26 | 31.1% | — | ||
| Q4 25 | 23.7% | 2.9% | ||
| Q3 25 | 15.5% | 3.9% | ||
| Q2 25 | 12.0% | 5.1% | ||
| Q1 25 | 14.4% | 3.5% | ||
| Q4 24 | 19.4% | 3.9% | ||
| Q3 24 | 19.8% | 4.6% | ||
| Q2 24 | 25.5% | 7.2% |
| Q1 26 | $2.53 | — | ||
| Q4 25 | $1.62 | $0.49 | ||
| Q3 25 | $0.75 | $0.68 | ||
| Q2 25 | $0.49 | $0.89 | ||
| Q1 25 | $0.61 | $0.58 | ||
| Q4 24 | $0.89 | $0.63 | ||
| Q3 24 | $0.89 | $0.79 | ||
| Q2 24 | $1.14 | $1.25 |
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 | $310.0M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | — | $1.9B |
| Total Assets | $4.4B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $241.9M | — | ||
| Q4 25 | $293.8M | $310.0M | ||
| Q3 25 | $272.7M | $335.0M | ||
| Q2 25 | $339.3M | $225.0M | ||
| Q1 25 | $475.6M | $212.0M | ||
| Q4 24 | $553.4M | $246.0M | ||
| Q3 24 | $510.0M | $378.0M | ||
| Q2 24 | $421.9M | $250.0M |
| Q1 26 | $0 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $1.9B | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $2.8B | $1.6B | ||
| Q3 24 | $2.9B | $1.6B | ||
| Q2 24 | $2.7B | $1.5B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $8.2B | ||
| Q3 25 | $4.0B | $8.2B | ||
| Q2 25 | $3.8B | $8.1B | ||
| Q1 25 | $3.7B | $7.9B | ||
| Q4 24 | $3.7B | $7.7B | ||
| Q3 24 | $3.8B | $7.9B | ||
| Q2 24 | $3.6B | $7.7B |
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 | $265.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 5.3% |
| 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 | $371.0M | ||
| Q2 25 | $182.1M | $247.0M | ||
| Q1 25 | $161.6M | $142.0M | ||
| Q4 24 | $282.6M | $189.0M | ||
| Q3 24 | $166.3M | $264.0M | ||
| Q2 24 | $216.1M | $210.0M |
| Q1 26 | — | — | ||
| Q4 25 | $218.8M | — | ||
| Q3 25 | $2.4M | $215.0M | ||
| Q2 25 | $131.7M | $51.0M | ||
| Q1 25 | $97.6M | $-57.0M | ||
| Q4 24 | $225.2M | $23.0M | ||
| Q3 24 | $114.4M | $137.0M | ||
| Q2 24 | $171.2M | $20.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | — | ||
| Q3 25 | 0.3% | 10.2% | ||
| Q2 25 | 20.2% | 2.5% | ||
| Q1 25 | 14.2% | -2.9% | ||
| Q4 24 | 29.9% | 1.2% | ||
| Q3 24 | 15.5% | 6.7% | ||
| Q2 24 | 23.5% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 5.3% | ||
| Q3 25 | 6.1% | 7.4% | ||
| Q2 25 | 7.7% | 9.4% | ||
| Q1 25 | 9.3% | 10.2% | ||
| Q4 24 | 7.6% | 8.6% | ||
| Q3 24 | 7.0% | 6.2% | ||
| Q2 24 | 6.1% | 9.1% |
| Q1 26 | 0.66× | — | ||
| Q4 25 | 1.09× | — | ||
| Q3 25 | 0.41× | 4.52× | ||
| Q2 25 | 2.32× | 2.33× | ||
| Q1 25 | 1.63× | 2.06× | ||
| Q4 24 | 1.93× | 2.52× | ||
| Q3 24 | 1.14× | 2.78× | ||
| Q2 24 | 1.16× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TER
Segment breakdown not available.
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
