Teradyne Inc (TER)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,648,930	1,536,750	1,867,150	2,206,660	1,785,740
Revenue	US$ in thousands	2,819,880	2,676,300	3,155,040	3,702,880	3,121,470
Gross profit margin		58.48%	57.42%	59.18%	59.59%	57.21%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,648,930K ÷ $2,819,880K
= 58.48%

Teradyne Inc's gross profit margin has shown a generally positive trend over the period from December 31, 2020, to December 31, 2024. The margin increased from 57.21% in 2020 to a peak of 59.59% in 2021, before slightly declining to 59.18% in 2022. Despite a slight decrease in 2023 to 57.42%, the margin improved again in 2024 to 58.48%. Overall, the company has been able to maintain a relatively high level of gross profit margin, indicating efficient cost management and potentially strong pricing power in its operations.