Teradyne Inc (TER) - Net Assets
Based on the latest financial reports, Teradyne Inc (TER) has net assets worth $2.80 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.17 Billion) and total liabilities ($1.37 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TER financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.80 Billion |
| % of Total Assets | 67.04% |
| Annual Growth Rate | 6.18% |
| 5-Year Change | 9.04% |
| 10-Year Change | 52.89% |
| Growth Volatility | 21.38 |
Teradyne Inc - Net Assets Trend (1985–2025)
This chart illustrates how Teradyne Inc's net assets have evolved over time, based on quarterly financial data. Also explore TER asset base for the complete picture of this company's asset base.
Annual Net Assets for Teradyne Inc (1985–2025)
The table below shows the annual net assets of Teradyne Inc from 1985 to 2025. For live valuation and market cap data, see TER stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.80 Billion | -0.84% |
| 2024-12-31 | $2.82 Billion | +11.62% |
| 2023-12-31 | $2.53 Billion | +3.04% |
| 2022-12-31 | $2.45 Billion | -4.39% |
| 2021-12-31 | $2.56 Billion | +15.97% |
| 2020-12-31 | $2.21 Billion | +49.36% |
| 2019-12-31 | $1.48 Billion | -2.77% |
| 2018-12-31 | $1.52 Billion | -22.08% |
| 2017-12-31 | $1.95 Billion | +6.83% |
| 2016-12-31 | $1.83 Billion | -6.98% |
| 2015-12-31 | $1.97 Billion | -5.44% |
| 2014-12-31 | $2.08 Billion | +4.73% |
| 2013-12-31 | $1.99 Billion | +11.63% |
| 2012-12-31 | $1.78 Billion | +18.16% |
| 2011-12-31 | $1.51 Billion | +34.12% |
| 2010-12-31 | $1.12 Billion | +68.86% |
| 2009-12-31 | $664.58 Million | -5.88% |
| 2008-12-31 | $706.11 Million | -42.55% |
| 2007-12-31 | $1.23 Billion | -9.70% |
| 2006-12-31 | $1.36 Billion | +9.54% |
| 2005-12-31 | $1.24 Billion | +9.62% |
| 2004-12-31 | $1.13 Billion | +19.38% |
| 2003-12-31 | $949.57 Million | -7.67% |
| 2002-12-31 | $1.03 Billion | -41.71% |
| 2001-12-31 | $1.76 Billion | +3.36% |
| 2000-12-31 | $1.71 Billion | +48.04% |
| 1999-12-31 | $1.15 Billion | +12.34% |
| 1998-12-31 | $1.03 Billion | +9.52% |
| 1997-12-31 | $937.13 Million | +11.30% |
| 1996-12-31 | $842.01 Million | +10.81% |
| 1995-12-31 | $759.85 Million | +54.05% |
| 1994-12-31 | $493.25 Million | +17.41% |
| 1993-12-31 | $420.11 Million | +21.91% |
| 1992-12-31 | $344.60 Million | +12.47% |
| 1991-12-31 | $306.40 Million | +11.50% |
| 1990-12-31 | $274.80 Million | -6.12% |
| 1989-12-31 | $292.70 Million | +5.14% |
| 1988-12-31 | $278.40 Million | -0.11% |
| 1987-12-31 | $278.70 Million | +5.73% |
| 1986-12-31 | $263.60 Million | +3.98% |
| 1985-12-31 | $253.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Teradyne Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.80 Billion | 100.00% |
| Total Equity | $2.80 Billion | 100.00% |
Teradyne Inc Competitors by Market Cap
The table below lists competitors of Teradyne Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ambev S.A
MX:ABEVN
|
$50.34 Billion |
|
Discover Financial Services
NYSE:DFS
|
$50.34 Billion |
|
HOYA CORP. ADR/ 1 O.N.
F:HYB0
|
$50.37 Billion |
|
Cameco Corp
TO:CCO
|
$50.39 Billion |
|
Vistra Energy Corp
NYSE:VST
|
$50.05 Billion |
|
NATWEST GROUP SP.ADR/2
F:RYS
|
$50.04 Billion |
|
Ambev S.A.
SA:ABEV3
|
$50.01 Billion |
|
Great-West Lifeco Inc.
TO:GWO
|
$50.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Teradyne Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,819,294,000 to 2,795,752,000, a change of -23,542,000 (-0.8%).
- Net income of 554,046,000 contributed positively to equity growth.
- Dividend payments of 76,313,000 reduced retained earnings.
- Share repurchases of 702,095,000 reduced equity.
- Other comprehensive income increased equity by 81,220,000.
- Other factors increased equity by 119,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $554.05 Million | +19.82% |
| Dividends Paid | $76.31 Million | -2.73% |
| Share Repurchases | $702.10 Million | -25.11% |
| Other Comprehensive Income | $81.22 Million | +2.91% |
| Other Changes | $119.60 Million | +4.28% |
| Total Change | $- | -0.84% |
Book Value vs Market Value Analysis
This analysis compares Teradyne Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 20.29x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 129.17x to 20.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.79 | $359.77 | x |
| 1986-12-31 | $3.30 | $359.77 | x |
| 1987-12-31 | $2.88 | $359.77 | x |
| 1988-12-31 | $2.42 | $359.77 | x |
| 1989-12-31 | $2.50 | $359.77 | x |
| 1990-12-31 | $2.32 | $359.77 | x |
| 1991-12-31 | $2.45 | $359.77 | x |
| 1992-12-31 | $2.61 | $359.77 | x |
| 1993-12-31 | $2.94 | $359.77 | x |
| 1994-12-31 | $2.16 | $359.77 | x |
| 1995-12-31 | $2.46 | $359.77 | x |
| 1996-12-31 | $2.48 | $359.77 | x |
| 1997-12-31 | $2.71 | $359.77 | x |
| 1998-12-31 | $2.98 | $359.77 | x |
| 1999-12-31 | $6.46 | $359.77 | x |
| 2000-12-31 | $9.43 | $359.77 | x |
| 2001-12-31 | $10.03 | $359.77 | x |
| 2002-12-31 | $5.63 | $359.77 | x |
| 2003-12-31 | $5.04 | $359.77 | x |
| 2004-12-31 | $5.76 | $359.77 | x |
| 2005-12-31 | $6.33 | $359.77 | x |
| 2006-12-31 | $6.66 | $359.77 | x |
| 2007-12-31 | $6.63 | $359.77 | x |
| 2008-12-31 | $4.14 | $359.77 | x |
| 2009-12-31 | $3.83 | $359.77 | x |
| 2010-12-31 | $4.95 | $359.77 | x |
| 2011-12-31 | $6.64 | $359.77 | x |
| 2012-12-31 | $7.72 | $359.77 | x |
| 2013-12-31 | $8.43 | $359.77 | x |
| 2014-12-31 | $9.34 | $359.77 | x |
| 2015-12-31 | $9.22 | $359.77 | x |
| 2016-12-31 | $9.03 | $359.77 | x |
| 2017-12-31 | $9.69 | $359.77 | x |
| 2018-12-31 | $7.90 | $359.77 | x |
| 2019-12-31 | $8.25 | $359.77 | x |
| 2020-12-31 | $12.08 | $359.77 | x |
| 2021-12-31 | $13.96 | $359.77 | x |
| 2022-12-31 | $14.44 | $359.77 | x |
| 2023-12-31 | $15.37 | $359.77 | x |
| 2024-12-31 | $17.26 | $359.77 | x |
| 2025-12-31 | $17.73 | $359.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Teradyne Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.37%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.49x
- Recent ROE (19.82%) is above the historical average (7.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 7.97% | 6.00% | 1.03x | 1.29x | $-5.15 Million |
| 1986 | 0.08% | 0.07% | 0.91x | 1.27x | $-26.16 Million |
| 1987 | -7.71% | -5.69% | 0.95x | 1.43x | $-49.37 Million |
| 1988 | -1.19% | -0.71% | 1.07x | 1.56x | $-31.14 Million |
| 1989 | 3.48% | 2.11% | 1.16x | 1.43x | $-19.07 Million |
| 1990 | -7.75% | -4.64% | 1.18x | 1.42x | $-48.78 Million |
| 1991 | 5.97% | 3.60% | 1.21x | 1.37x | $-12.34 Million |
| 1992 | 6.53% | 4.25% | 1.15x | 1.34x | $-11.96 Million |
| 1993 | 8.38% | 6.34% | 1.02x | 1.30x | $-6.82 Million |
| 1994 | 14.38% | 10.47% | 1.03x | 1.33x | $21.62 Million |
| 1995 | 20.96% | 13.37% | 1.16x | 1.35x | $83.30 Million |
| 1996 | 11.11% | 7.99% | 1.07x | 1.30x | $9.37 Million |
| 1997 | 13.62% | 10.08% | 1.01x | 1.34x | $33.89 Million |
| 1998 | 9.95% | 6.86% | 1.13x | 1.28x | $-520.00K |
| 1999 | 16.63% | 10.70% | 1.14x | 1.36x | $76.39 Million |
| 2000 | 26.57% | 14.90% | 1.29x | 1.38x | $282.92 Million |
| 2001 | -11.46% | -14.04% | 0.57x | 1.44x | $-378.65 Million |
| 2002 | -69.86% | -58.78% | 0.65x | 1.84x | $-821.32 Million |
| 2003 | -20.43% | -14.34% | 0.76x | 1.88x | $-288.95 Million |
| 2004 | 14.58% | 11.72% | 0.73x | 1.70x | $51.88 Million |
| 2005 | -3.73% | -4.43% | 0.56x | 1.50x | $-170.57 Million |
| 2006 | 14.60% | 14.65% | 0.79x | 1.26x | $62.64 Million |
| 2007 | 5.84% | 6.51% | 0.71x | 1.27x | $-51.11 Million |
| 2008 | -56.34% | -35.94% | 0.90x | 1.75x | $-468.45 Million |
| 2009 | -20.14% | -16.33% | 0.66x | 1.86x | $-200.29 Million |
| 2010 | 33.84% | 24.25% | 0.87x | 1.61x | $267.51 Million |
| 2011 | 23.22% | 24.45% | 0.65x | 1.45x | $198.93 Million |
| 2012 | 12.21% | 13.10% | 0.68x | 1.37x | $39.21 Million |
| 2013 | 8.31% | 11.55% | 0.54x | 1.32x | $-33.56 Million |
| 2014 | 3.91% | 4.93% | 0.65x | 1.22x | $-126.63 Million |
| 2015 | 10.50% | 12.59% | 0.64x | 1.30x | $9.90 Million |
| 2016 | -2.37% | -2.48% | 0.63x | 1.51x | $-226.29 Million |
| 2017 | 13.19% | 12.06% | 0.69x | 1.59x | $62.33 Million |
| 2018 | 29.68% | 21.51% | 0.78x | 1.78x | $299.54 Million |
| 2019 | 31.58% | 20.37% | 0.82x | 1.88x | $319.45 Million |
| 2020 | 35.47% | 25.12% | 0.85x | 1.65x | $563.07 Million |
| 2021 | 39.57% | 27.40% | 0.97x | 1.49x | $758.19 Million |
| 2022 | 29.19% | 22.68% | 0.90x | 1.43x | $470.37 Million |
| 2023 | 17.77% | 16.77% | 0.77x | 1.38x | $196.16 Million |
| 2024 | 19.24% | 19.23% | 0.76x | 1.32x | $260.44 Million |
| 2025 | 19.82% | 17.37% | 0.76x | 1.49x | $274.47 Million |
Industry Comparison
This section compares Teradyne Inc's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $1,811,261,903
- Average return on equity (ROE) among peers: 0.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Teradyne Inc (TER) | $2.80 Billion | 7.97% | 0.49x | $50.05 Billion |
| Axcelis Technologies Inc (ACLS) | $477.56 Million | 8.54% | 0.58x | $2.81 Billion |
| Acm Research Inc (ACMR) | $52.32 Million | 12.56% | 0.97x | $3.58 Billion |
| Aehr Test Systems (AEHR) | $22.67 Million | 10.71% | 0.26x | $2.17 Billion |
| Applied Materials Inc (AMAT) | $7.20 Billion | 23.90% | 1.02x | $315.71 Billion |
| Ambarella Inc (AMBA) | $606.09 Million | -10.79% | 0.17x | $2.88 Billion |
| Amkor Technology Inc (AMKR) | $701.22 Million | 13.09% | 2.95x | $14.36 Billion |
| ASML Holding NV ADR (ASML) | $8.74 Billion | 64.36% | 3.12x | $546.45 Billion |
| Amtech Systems Inc (ASYS) | $6.40 Million | -9.38% | 0.45x | $201.11 Million |
| Atomera Inc (ATOM) | $18.38 Million | -109.75% | 0.15x | $197.35 Million |
| AXT Inc (AXTI) | $289.75 Million | 5.46% | 0.28x | $2.62 Billion |
About Teradyne Inc
Teradyne, Inc. designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa. It operates through Semiconductor Test, Robotics, and Other segments. The Semiconductor Test segment offers products and services for wafer level and device package testing, and system level testing of semiconductor devices… Read more