vs
Side-by-side financial comparison of Teradyne (TER) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.3B vs $654.0M, roughly 2.0× ZILLOW GROUP, INC.). Teradyne runs the higher net margin — 31.1% vs 0.5%, a 30.6% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 18.1%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs 11.2%).
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.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
TER vs ZG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $654.0M |
| Net Profit | $398.9M | $3.0M |
| Gross Margin | 60.9% | 72.8% |
| Operating Margin | 36.9% | -1.7% |
| Net Margin | 31.1% | 0.5% |
| Revenue YoY | 87.0% | 18.1% |
| Net Profit YoY | — | 105.8% |
| EPS (diluted) | $2.53 | $0.01 |
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 | $654.0M | ||
| Q3 25 | $769.2M | $676.0M | ||
| Q2 25 | $651.8M | $655.0M | ||
| Q1 25 | $685.7M | $598.0M | ||
| Q4 24 | $752.9M | $554.0M | ||
| Q3 24 | $737.3M | $581.0M | ||
| Q2 24 | $729.9M | $572.0M |
| Q1 26 | $398.9M | — | ||
| Q4 25 | $257.2M | $3.0M | ||
| Q3 25 | $119.6M | $10.0M | ||
| Q2 25 | $78.4M | $2.0M | ||
| Q1 25 | $98.9M | $8.0M | ||
| Q4 24 | $146.3M | $-52.0M | ||
| Q3 24 | $145.6M | $-20.0M | ||
| Q2 24 | $186.3M | $-17.0M |
| Q1 26 | 60.9% | — | ||
| Q4 25 | 57.2% | 72.8% | ||
| Q3 25 | 58.4% | 72.6% | ||
| Q2 25 | 57.2% | 74.7% | ||
| Q1 25 | 60.6% | 76.8% | ||
| Q4 24 | 59.4% | 75.8% | ||
| Q3 24 | 59.2% | 75.9% | ||
| Q2 24 | 58.3% | 77.3% |
| Q1 26 | 36.9% | — | ||
| Q4 25 | 27.1% | -1.7% | ||
| Q3 25 | 18.9% | -0.4% | ||
| Q2 25 | 13.9% | -1.7% | ||
| Q1 25 | 17.6% | -1.5% | ||
| Q4 24 | 20.4% | -12.5% | ||
| Q3 24 | 20.6% | -7.7% | ||
| Q2 24 | 28.8% | -6.6% |
| Q1 26 | 31.1% | — | ||
| Q4 25 | 23.7% | 0.5% | ||
| Q3 25 | 15.5% | 1.5% | ||
| Q2 25 | 12.0% | 0.3% | ||
| Q1 25 | 14.4% | 1.3% | ||
| Q4 24 | 19.4% | -9.4% | ||
| Q3 24 | 19.8% | -3.4% | ||
| Q2 24 | 25.5% | -3.0% |
| Q1 26 | $2.53 | — | ||
| Q4 25 | $1.62 | $0.01 | ||
| Q3 25 | $0.75 | $0.04 | ||
| Q2 25 | $0.49 | $0.01 | ||
| Q1 25 | $0.61 | $0.03 | ||
| Q4 24 | $0.89 | $-0.23 | ||
| Q3 24 | $0.89 | $-0.08 | ||
| Q2 24 | $1.14 | $-0.07 |
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 | $768.0M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | — | $4.9B |
| Total Assets | $4.4B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $241.9M | — | ||
| Q4 25 | $293.8M | $768.0M | ||
| Q3 25 | $272.7M | $874.0M | ||
| Q2 25 | $339.3M | $587.0M | ||
| Q1 25 | $475.6M | $914.0M | ||
| Q4 24 | $553.4M | $1.1B | ||
| Q3 24 | $510.0M | $1.1B | ||
| Q2 24 | $421.9M | $1.2B |
| Q1 26 | $0 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $4.9B | ||
| Q3 25 | $2.7B | $5.0B | ||
| Q2 25 | $2.8B | $4.7B | ||
| Q1 25 | $2.8B | $4.8B | ||
| Q4 24 | $2.8B | $4.8B | ||
| Q3 24 | $2.9B | $4.7B | ||
| Q2 24 | $2.7B | $4.5B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $5.7B | ||
| Q3 25 | $4.0B | $5.7B | ||
| Q2 25 | $3.8B | $5.4B | ||
| Q1 25 | $3.7B | $5.7B | ||
| Q4 24 | $3.7B | $5.8B | ||
| Q3 24 | $3.8B | $6.2B | ||
| Q2 24 | $3.6B | $6.6B |
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 | $72.0M |
| Free Cash FlowOCF − Capex | — | $44.0M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | — | 4.3% |
| Cash ConversionOCF / Net Profit | 0.66× | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $265.1M | — | ||
| Q4 25 | $281.6M | $72.0M | ||
| Q3 25 | $49.0M | $105.0M | ||
| Q2 25 | $182.1M | $87.0M | ||
| Q1 25 | $161.6M | $104.0M | ||
| Q4 24 | $282.6M | $122.0M | ||
| Q3 24 | $166.3M | $171.0M | ||
| Q2 24 | $216.1M | $55.0M |
| Q1 26 | — | — | ||
| Q4 25 | $218.8M | $44.0M | ||
| Q3 25 | $2.4M | $73.0M | ||
| Q2 25 | $131.7M | $50.0M | ||
| Q1 25 | $97.6M | $68.0M | ||
| Q4 24 | $225.2M | $88.0M | ||
| Q3 24 | $114.4M | $138.0M | ||
| Q2 24 | $171.2M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 6.7% | ||
| Q3 25 | 0.3% | 10.8% | ||
| Q2 25 | 20.2% | 7.6% | ||
| Q1 25 | 14.2% | 11.4% | ||
| Q4 24 | 29.9% | 15.9% | ||
| Q3 24 | 15.5% | 23.8% | ||
| Q2 24 | 23.5% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 4.3% | ||
| Q3 25 | 6.1% | 4.7% | ||
| Q2 25 | 7.7% | 5.6% | ||
| Q1 25 | 9.3% | 6.0% | ||
| Q4 24 | 7.6% | 6.1% | ||
| Q3 24 | 7.0% | 5.7% | ||
| Q2 24 | 6.1% | 6.5% |
| Q1 26 | 0.66× | — | ||
| Q4 25 | 1.09× | 24.00× | ||
| Q3 25 | 0.41× | 10.50× | ||
| Q2 25 | 2.32× | 43.50× | ||
| Q1 25 | 1.63× | 13.00× | ||
| 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.
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
