Companies: 10,795·Total market cap: $144.5T
Teradyne, Inc.

Teradyne, Inc.

TERNASDAQTechnology● Active
$375.88
+$17.95(+5.01%)
Market Cap$58.8B
P/E Ratio—
52W High$422.11
52W Low$81.07
Overview

Teradyne, Inc. (TER) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TER · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $450.4M for FY2025 (fiscal year ending 2025-12-31), down 5.0% year-over-year The FCF margin was 14.1%. Five-year CAGR stands at -8.0%.

FY2025 Free Cash Flow$450.4M▼ -5.0% YoY
Trailing 12M (TTM)$553.2Mtrailing 4 quarters sum
FCF Margin14.1%$450.4M ÷ revenue
3-Year CAGR+2.8%FY2022 → FY2025
5-Year CAGR-8.0%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
ter free cash flow history · ter free cash flow chart · ter free cash flow growth rate · ter free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$450.4M▼ 5.0%14.1%
FY2024$474.1M▲ +11.4%16.8%
FY2023$425.6M▲ +2.6%15.9%
FY2022$414.7M▼ 57.1%13.1%
FY2021$965.9M▲ +41.2%26.1%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
ter free cash flow 2025 · ter free cash flow 2024 · ter free cash flow 2023 · ter operating cash flow

FCF valuation metrics

Teradyne, Inc. (TER) trades at a FCF yield of 0.95% and a price-to-free-cash-flow ratio of 106.2x. FCF per share stands at $3.54, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
0.95%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$3.54
TTM FCF ÷ Shares Outstanding
Price / FCF
x106.2
Share Price ÷ FCF per Share
EV / FCF (TTM)
x105.5
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
ter price to free cash flow · ter free cash flow yield · ter free cash flow per share · ter price to cash flow ratio

Cash flow statement summary

For FY2025, Teradyne, Inc. generated $674.4M in operating cash flow and spent 224M in capital expenditures, yielding $450.4M in free cash flow.

Operating Activities
+$674.4M
Cash from core business operations
2025-12-31
Investing Activities
−$368.6M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$562.3M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($674.4M) − |CapEx| (224M) = FCF ($450.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
ter cash flow statement · ter cash flow statement 2025 · ter operating cash flow · ter cash flow from operations

Free cash flow vs peers (Technology)

#CompanyFree Cash FlowYoY
#1
Teradyne, Inc.
Teradyne, Inc.YOU
TER
$450.4M-5.0%
#2
Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited
TSM
$1.10T+26.1%#3
Apple Inc.
Apple Inc.
AAPL
$98.77B-9.2%#4
NVIDIA Corporation
NVIDIA Corporation
NVDA
$96.68B+58.9%#5
Microsoft Corporation
Microsoft Corporation
MSFT
$71.61B-3.3%#6
Broadcom Inc.
Broadcom Inc.
AVGO
$26.91B+38.6%
Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Teradyne, Inc. (TER) reported free cash flow of $450.4M for FY2025 (fiscal year ending 2025-12-31), down 5.0% year-over-year. The FCF margin was 14.1%.

Based on available data, Teradyne, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $965.9M in FY2021. The 5-year CAGR stands at -8.0%.

Teradyne, Inc.'s FCF yield is 0.95% and price-to-FCF ratio is 106.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

TER free cash flow · 8 questions

Teradyne, Inc. free cash flow was $450.4M for FY2025, down 5.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $553.2M.

TER free cash flowTER FCFTER FCF 2025TER free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Teradyne, Inc. · Teradyne, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026