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Teradyne vs Transcat: revenue, profit, margins and growth compared

Teradyne brought in $3.2B of revenue in fiscal 2025, Transcat $331.9M in fiscal 2026. Revenue changed by +13.1% at Teradyne and +19.2% at Transcat on the year before, so Transcat grew faster. Teradyne kept 17.4% of its revenue as net profit, Transcat 1.6%. Free cash flow was $450.4M at Teradyne and $19.6M at Transcat.

Side by side, latest fiscal year

TERTRNS
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 28, 2026)
Revenue$3.2B$331.9M
Revenue growth+13.1%+19.2%
Net income$554M$5.4M
Net margin17.4%1.6%
Free cash flow$450.4M$19.6M
Free cash flow margin14.1%5.9%
Earnings per share (diluted)$3.47$0.57
Cash$293.8M$4.9M
Debtn/a$99.9M
Price to earnings114.8153.9
Market value$62.3B$821.1M
Dividend yield0.12%n/a
Rank by revenue in sector#174 of 451 · Industrials#345 of 451 · Industrials

Over the years

Revenue
TER FY2018: $2.1BTER FY2019: $2.3BTER FY2020: $3.1BTER FY2021: $3.7BTER FY2022: $3.2BTER FY2023: $2.7BTER FY2024: $2.8BTER FY2025: $3.2BTRNS FY2018: $160.9MTRNS FY2019: $173.1MTRNS FY2021: $173.3MTRNS FY2022: $205MTRNS FY2023: $230.6MTRNS FY2024: $259.5MTRNS FY2025: $278.4MTRNS FY2026: $331.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
TER $3.2BTRNS $331.9M
Net income
TER FY2018: $451.8MTER FY2019: $467.5MTER FY2020: $784.1MTER FY2021: $1BTER FY2022: $715.5MTER FY2023: $448.8MTER FY2024: $542.4MTER FY2025: $554MTRNS FY2018: $7.1MTRNS FY2019: $8.1MTRNS FY2021: $7.8MTRNS FY2022: $11.4MTRNS FY2023: $10.7MTRNS FY2024: $13.6MTRNS FY2025: $14.5MTRNS FY2026: $5.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
TER $554MTRNS $5.4M
Net margin
TER FY2018: 21.5%TER FY2019: 20.4%TER FY2020: 25.1%TER FY2021: 27.4%TER FY2022: 22.7%TER FY2023: 16.8%TER FY2024: 19.2%TER FY2025: 17.4%TRNS FY2018: 4.4%TRNS FY2019: 4.7%TRNS FY2021: 4.5%TRNS FY2022: 5.6%TRNS FY2023: 4.6%TRNS FY2024: 5.3%TRNS FY2025: 5.2%TRNS FY2026: 1.6%FY18FY19FY20FY21FY22FY23FY24FY25FY26
TER 17.4%TRNS 1.6%
Revenue growth
TER FY2019: +9.2%TER FY2020: +36.0%TER FY2021: +18.6%TER FY2022: -14.8%TER FY2023: -15.2%TER FY2024: +5.4%TER FY2025: +13.1%TRNS FY2019: +7.6%TRNS FY2021: +0.1%TRNS FY2022: +18.2%TRNS FY2023: +12.5%TRNS FY2024: +12.5%TRNS FY2025: +7.3%TRNS FY2026: +19.2%FY19FY20FY21FY22FY23FY24FY25FY26
TER +13.1%TRNS +19.2%
Free cash flow
TER FY2018: $362.5MTER FY2019: $444.1MTER FY2020: $684MTER FY2021: $965.9MTER FY2022: $414.7MTER FY2023: $425.6MTER FY2024: $474.1MTER FY2025: $450.4MTRNS FY2018: $5.6MTRNS FY2019: $5MTRNS FY2021: $17MTRNS FY2022: $7.5MTRNS FY2023: $7.5MTRNS FY2024: $19.3MTRNS FY2025: $25.8MTRNS FY2026: $19.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
TER $450.4MTRNS $19.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Teradyne and Transcat

Which is bigger by revenue, Teradyne or Transcat?

Teradyne is bigger by revenue: $3.2B in fiscal 2025, against $331.9M for Transcat in fiscal 2026.

Which keeps more of its revenue as profit, Teradyne or Transcat?

Teradyne had a net margin of 17.4% in fiscal 2025; Transcat had 1.6% in fiscal 2026.

Which grew revenue faster, Teradyne or Transcat?

In their latest fiscal years revenue changed by +13.1% at Teradyne and +19.2% at Transcat.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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