Danaher Corporation vs TERADYNE, INC., two Scientific Instruments stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Danaher is a system for buying and improving instrument businesses; Teradyne is one instrument business at full sprint. The conglomerate's method shows in steadiness, a 60.3% gross margin, 22.6% operating, and a 3.8% free-cash yield; the specialist's shows in intensity, 36.9% operating margins and a 27.2% return on equity against Danaher's 7%, with chip-test demand doing the pushing. The market pays 80.9 times for the sprint and 37.8 times for the system. Danaher's low return on equity understates a machine built on acquired goodwill; Teradyne's high one is genuinely earned but cyclical. The pair prices process against moment, and at the moment, the moment costs more.
Comparison updated 2026-07-10.
| Metric | DHR | TER |
|---|---|---|
| Price | $195.71 | $435.82 |
| Market cap | $139.2B | $68.7B |
| Sector | Scientific Instruments | Scientific Instruments |
| Stage | Mature | Growth |
| Implied growth (priced in) | +24.3% | — |
| P/E | 37.8 | 80.9 |
| P/B | 2.63 | 21.85 |
| P/S | 5.62 | 18.14 |
| EV/EBITDA | 28.7 | 60.4 |
| Revenue growth | +4.0% | +31.1% |
| Gross margin | 60.3% | 60.9% |
| Operating margin | 22.6% | 36.9% |
| Net margin | 14.9% | 22.6% |
| Return on equity | 7.0% | 27.2% |
| Return on assets | 4.4% | 19.3% |
| Return on invested capital | 5.5% | 27.6% |
| FCF yield | 3.8% | 0.8% |
| Dividend yield | — | 0.1% |
| Debt / equity | 0.37 | 0.00 |
| Current ratio | 1.87 | 2.15 |
| Altman Z (solvency) | 7.24 | 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.