vs
Side-by-side financial comparison of Teradyne (TER) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.3B vs $891.0M, roughly 1.4× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). Teradyne runs the higher net margin — 31.1% vs 29.5%, a 1.6% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 8.7%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs 9.6%).
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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
TER vs ZION — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $891.0M |
| Net Profit | $398.9M | $263.0M |
| Gross Margin | 60.9% | — |
| Operating Margin | 36.9% | — |
| Net Margin | 31.1% | 29.5% |
| Revenue YoY | 87.0% | 8.7% |
| Net Profit YoY | — | 21.8% |
| EPS (diluted) | $2.53 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $769.2M | $861.0M | ||
| Q2 25 | $651.8M | $838.0M | ||
| Q1 25 | $685.7M | $795.0M | ||
| Q4 24 | $752.9M | $820.0M | ||
| Q3 24 | $737.3M | $792.0M | ||
| Q2 24 | $729.9M | $777.0M |
| Q1 26 | $398.9M | — | ||
| Q4 25 | $257.2M | $263.0M | ||
| Q3 25 | $119.6M | $222.0M | ||
| Q2 25 | $78.4M | $244.0M | ||
| Q1 25 | $98.9M | $170.0M | ||
| Q4 24 | $146.3M | $216.0M | ||
| Q3 24 | $145.6M | $214.0M | ||
| Q2 24 | $186.3M | $201.0M |
| 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% | 29.5% | ||
| Q3 25 | 15.5% | 25.8% | ||
| Q2 25 | 12.0% | 29.1% | ||
| Q1 25 | 14.4% | 21.4% | ||
| Q4 24 | 19.4% | 26.3% | ||
| Q3 24 | 19.8% | 27.0% | ||
| Q2 24 | 25.5% | 25.9% |
| Q1 26 | $2.53 | — | ||
| Q4 25 | $1.62 | $1.77 | ||
| Q3 25 | $0.75 | $1.48 | ||
| Q2 25 | $0.49 | $1.63 | ||
| Q1 25 | $0.61 | $1.13 | ||
| Q4 24 | $0.89 | $1.34 | ||
| Q3 24 | $0.89 | $1.37 | ||
| Q2 24 | $1.14 | $1.28 |
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 | — |
| Total DebtLower is stronger | $0 | $1.5B |
| Stockholders' EquityBook value | — | $7.2B |
| Total Assets | $4.4B | $89.0B |
| Debt / EquityLower = less leverage | — | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $241.9M | — | ||
| Q4 25 | $293.8M | — | ||
| Q3 25 | $272.7M | — | ||
| Q2 25 | $339.3M | — | ||
| Q1 25 | $475.6M | — | ||
| Q4 24 | $553.4M | — | ||
| Q3 24 | $510.0M | — | ||
| Q2 24 | $421.9M | — |
| Q1 26 | $0 | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $970.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | — | $950.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $546.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $7.2B | ||
| Q3 25 | $2.7B | $6.9B | ||
| Q2 25 | $2.8B | $6.6B | ||
| Q1 25 | $2.8B | $6.3B | ||
| Q4 24 | $2.8B | $6.1B | ||
| Q3 24 | $2.9B | $6.4B | ||
| Q2 24 | $2.7B | $6.0B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $89.0B | ||
| Q3 25 | $4.0B | $88.5B | ||
| Q2 25 | $3.8B | $88.9B | ||
| Q1 25 | $3.7B | $88.0B | ||
| Q4 24 | $3.7B | $88.8B | ||
| Q3 24 | $3.8B | $87.0B | ||
| Q2 24 | $3.6B | $87.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | — | $952.0M |
| FCF MarginFCF / Revenue | — | 106.8% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | 0.66× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $265.1M | — | ||
| Q4 25 | $281.6M | $1.1B | ||
| Q3 25 | $49.0M | $438.0M | ||
| Q2 25 | $182.1M | $-62.0M | ||
| Q1 25 | $161.6M | $179.0M | ||
| Q4 24 | $282.6M | $1.1B | ||
| Q3 24 | $166.3M | $119.0M | ||
| Q2 24 | $216.1M | $251.0M |
| Q1 26 | — | — | ||
| Q4 25 | $218.8M | $952.0M | ||
| Q3 25 | $2.4M | $413.0M | ||
| Q2 25 | $131.7M | $-93.0M | ||
| Q1 25 | $97.6M | $152.0M | ||
| Q4 24 | $225.2M | $1.1B | ||
| Q3 24 | $114.4M | $97.0M | ||
| Q2 24 | $171.2M | $234.0M |
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 106.8% | ||
| Q3 25 | 0.3% | 48.0% | ||
| Q2 25 | 20.2% | -11.1% | ||
| Q1 25 | 14.2% | 19.1% | ||
| Q4 24 | 29.9% | 128.2% | ||
| Q3 24 | 15.5% | 12.2% | ||
| Q2 24 | 23.5% | 30.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 13.6% | ||
| Q3 25 | 6.1% | 2.9% | ||
| Q2 25 | 7.7% | 3.7% | ||
| Q1 25 | 9.3% | 3.4% | ||
| Q4 24 | 7.6% | 11.8% | ||
| Q3 24 | 7.0% | 2.8% | ||
| Q2 24 | 6.1% | 2.2% |
| Q1 26 | 0.66× | — | ||
| Q4 25 | 1.09× | 4.08× | ||
| Q3 25 | 0.41× | 1.97× | ||
| Q2 25 | 2.32× | -0.25× | ||
| Q1 25 | 1.63× | 1.05× | ||
| Q4 24 | 1.93× | 5.31× | ||
| Q3 24 | 1.14× | 0.56× | ||
| Q2 24 | 1.16× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
