MKS Instruments vs Teradyne
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put MKS Instruments and Teradyne side by side, using each one’s latest annual report. Here is what stands out:
- MKS Instruments is the larger business, with $3.9B of revenue in fiscal 2025 against $3.2B for Teradyne.
- Teradyne grew revenue faster (13.1%, against 9.6%).
- Teradyne kept more of each dollar of sales as operating profit (20.4% operating margin, against 13.4%).
- Teradyne turned more of its sales into free cash flow (14.1% FCF margin, against 12.6%).
- Teradyne earned a higher return on the capital invested in it (23.0%, against 7.9%).
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
MKS Instruments
MKSI
2/11
5-year growthPiotroski F-score
Teradyne
TER
9/11
Revenue growthGross marginOperating marginNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | MKSI FY25 | TER FY25 |
|---|---|---|
| Size | ||
| Market cap | $14.7B | $49.3B |
| Revenue | $3.9B | $3.2B |
| Free cash flow | $497M | $450M |
| Net income | $295M | $554M |
| Growth | ||
| Revenue growth | 9.6% | 13.1% |
| 5-year growth | 11.0% | 0.4% |
| Share count change | 0.2% | −2.2% |
| Profitability | ||
| Gross margin | 46.7% | 58.2% |
| Operating margin | 13.4% | 20.4% |
| Net margin | 7.5% | 17.4% |
| FCF margin | 12.6% | 14.1% |
| Return on capital | 7.9% | 23.0% |
| Return on equity | 11.7% | 19.7% |
| Balance sheet | ||
| Net debt | $3.9B | −$93.8M |
| Net debt / EBITDA | 4.4x | −0.1x |
| Dividends and buybacks | $104M | $778M |
| Valuation & quality | ||
| P/E | 32.2x | — |
| Piotroski F-score | 6 | 5 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.