Teradyne vs Ultra Clean Holdings
Teradyne is the larger business, with $3.19bn of revenue in fiscal 2025 against $2.05bn for Ultra Clean Holdings (1.6 times as much). Teradyne grew faster (13.1% against -2.1%). Teradyne kept more of each dollar of sales as profit: a net margin of 17.4% against -8.8%. Teradyne carries less debt relative to equity (7.2% against 67.7%).
| Latest fiscal year | TeradyneTER, 2025 | Ultra Clean HoldingsUCTT, 2025 |
|---|---|---|
| Revenue | $3.19bn | $2.05bn |
| Revenue growth | 13.1% | -2.1% |
| Net income | $554m | −$181m |
| Operating margin | 20.4% | -5.2% |
| Net margin | 17.4% | -8.8% |
| Return on equity | 19.7% | -22.9% |
| Free cash flow | $450m | $15.3m |
| Cash | $294m | $312m |
| Total debt | $200m | $481m |
| Debt to equity | 7.2% | 67.7% |
| Dividend per share | $0.48 | — |
| Dividend yield | 0.2% | — |
| Share buybacks | $702m | $3.4m |
| Employees | 6,600 | 7,411 |
| Market value | $41.91bn | $2.18bn |
| Price vs our value range | Above our value range | — |
| Moat score | 97 (Strong) | 32 (Weak) |
| Insider trades, 12 months | 0 buys, 34 sales | 0 buys, 86 sales |