MKS vs Teradyne
MKS is the larger business, with $3.93bn of revenue in fiscal 2025 against $3.19bn for Teradyne (1.2 times as much). Teradyne grew faster (13.1% against 9.6%). Teradyne kept more of each dollar of sales as profit: a net margin of 17.4% against 7.5%.
| Latest fiscal year | MKSMKSI, 2025 | TeradyneTER, 2025 |
|---|---|---|
| Revenue | $3.93bn | $3.19bn |
| Revenue growth | 9.6% | 13.1% |
| Net income | $295m | $554m |
| Operating margin | — | 20.4% |
| Net margin | 7.5% | 17.4% |
| Return on equity | 11.7% | 19.7% |
| Free cash flow | $497m | $450m |
| Cash | $418m | $294m |
| Total debt | $4.20bn | $200m |
| Debt to equity | — | 7.2% |
| Dividend per share | $0.88 | $0.48 |
| Dividend yield | 0.5% | 0.2% |
| Share buybacks | $45.0m | $702m |
| Employees | — | 6,600 |
| Market value | $13.93bn | $41.91bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 66 (Moderate) | 97 (Strong) |
| Insider trades, 12 months | 0 buys, 45 sales | 0 buys, 34 sales |