AGILENT TECHNOLOGIES, INC. vs TERADYNE, INC., two Scientific Instruments stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The two prices are betting on different clocks. Teradyne, near 81 times trailing earnings, is priced for the chip-test cycle to keep compounding well past the horizon; Agilent, near 27 times, is priced like the lab-instruments annuity it is, replacement demand and service contracts. Teradyne brings the stronger current economics, a 37% operating margin against Agilent's 22% and no debt at all, but its 0.8% free-cash yield says the market has already banked several years of that momentum. Agilent hands back more today, a 2.8% free-cash yield with a small dividend attached. The gap between the multiples is the gap between a cycle trusted to persist and a business merely expected to continue.
Comparison updated 2026-07-10.
| Metric | A | TER |
|---|---|---|
| Price | $135.99 | $435.82 |
| Market cap | $38.5B | $68.7B |
| Sector | Scientific Instruments | Scientific Instruments |
| Stage | Mature | Growth |
| P/E | 27.3 | 80.9 |
| P/B | 5.40 | 21.85 |
| P/S | 5.32 | 18.14 |
| EV/EBITDA | 24.7 | 60.4 |
| Revenue growth | +9.1% | +31.1% |
| Gross margin | — | 60.9% |
| Operating margin | 21.7% | 36.9% |
| Net margin | 19.6% | 22.6% |
| Return on equity | 19.9% | 27.2% |
| Return on assets | 10.8% | 19.3% |
| Return on invested capital | 12.3% | 27.6% |
| FCF yield | 2.8% | 0.8% |
| Dividend yield | 0.7% | 0.1% |
| Debt / equity | 0.47 | 0.00 |
| Current ratio | 2.10 | 2.15 |
| Altman Z (solvency) | 4.95 | 7.87 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.