FORM vs TER vs EMR Stock Comparison

Formfactor, Teradyne and Emerson Electric Prices as of Oct 27, 2026 Peers: Industry group
1 more company in this comparison (ASML) Create a free account to keep reading and compare up to 10 companies.
FORM Formfactor Inc
$106.85 -17.6% 1M +144.1% 1Y
Market cap
$8.60B
P/E
74.5x
Revenue (TTM)
$902.23M
Div. yield
–
Test and Measurement Technology
4 wins
TER Teradyne, Inc
$323.68 -18.8% 1M +119.4% 1Y
Market cap
$48.62B
P/E
42.3x
Revenue (TTM)
$4.46B
Div. yield
–
Test and Measurement Technology
3 wins
EMR Emerson Electric Co
$166.25 +5.2% 1M +23.6% 1Y
Market cap
$93.44B
P/E
36.2x
Revenue (TTM)
$18.64B
Div. yield
0.01%
Pumps and Valves Industrials
4 wins

Head to Head

11 decided of 12

Emerson Electric leads on 4 of the 12 questions below (Emerson Electric 4, Formfactor 4, Teradyne 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFORMTEREMRLeader
Larger companyMarket capitalisation $8.60B $48.62B $93.44B EMR
Cheaper on earningsLower P/E, profitable companies only 74.5x 42.3x 36.2x EMR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 33.9x 33.5x 24.6x EMR
Faster revenue growthRevenue growth, trailing twelve months +18.0% +57.9% +4.8% TER
More profitableNet margin, trailing twelve months 12.8% 25.8% 13.8% TER
Better return on capitalReturn on invested capital 9.2% 35.3% 10.9% TER
Less leveragedLower net debt / EBITDA -2.2x — 1.8x FORM
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +144.1% +119.4% +23.6% FORM
Better 5-year returnAnnualised price return, 5 years +22.1%/yr +18.8%/yr +11.3%/yr FORM
Less volatileAnnualised volatility, 1 year 87.2% 78.6% 31.8% EMR
Higher overall scoreMean of the five percentile scores vs peers 67/100 66/100 45/100 FORM

Percentile Scorecard

FORMTEREMR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFORMTEREMR
Valuation 28 #81 of 112 23 #87 of 112 34 #134 of 203
Growth 96 #5 of 109 90 #12 of 109 40 #114 of 188
Profitability 77 #25 of 104 94 #7 of 104 86 #26 of 183
Financial Health 91 #11 of 116 71 #34 of 116 29 #154 of 217
Shareholder Returns 44 #46 of 81 50 #41 of 81 36 #99 of 153
Overall 67 66 45
  • FORM ranked among 122 companies in Computer Hardware
  • TER ranked among 122 companies in Computer Hardware
  • EMR ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFORMTEREMRSPY
1 month -17.6%-18.8%+5.2% -0.2%
3 months +21.1%+0.9%+9.5% +3.9%
6 months -20.4%-14.9%+20.1% +8.2%
Year to date +91.6%+67.2%+25.3% +12.9%
1 year +144.1%+119.4%+23.6% +12.3%
3 years +228.0%+286.1%+88.9% +87.4%
3 years, per year +48.6%+56.9%+23.6% +23.3%
5 years +171.7%+136.2%+70.5% +67.9%
5 years, per year +22.1%+18.8%+11.3% +10.9%
10 years +913.8%+1,318.4%+233.6% +261.1%
10 years, per year +26.1%+30.4%+12.8% +13.7%

Risk

MeasureFORMTEREMRSPY
Volatility, 1Y 87.2%78.6%31.8% 12.7%
Downside volatility, 1Y 87.4%85.3%33.5% 12.7%
Beta vs S&P 500, 1Y 3.003.381.54 1.00
Return / volatility, 1Y 1.651.520.74 0.97
Max drawdown, 5Y -62.7%-59.7%-29.9% -25.4%
From 52-week high -33.2%-33.1%0.0% -1.2%
52-week high $159.93$483.84$166.25 $779.14
52-week low $42.42$144.38$123.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFORMTEREMR
P/E now vs peer median 72.2xmedian 33.2x 44.0xmedian 33.2x 36.0xmedian 25.2x
P/S now vs peer median 9.3xmedian 2.8x 11.3xmedian 2.8x 5.0xmedian 1.9x
EV/EBITDA now vs peer median 52.3xmedian 20.0x 33.6xmedian 20.0x 16.8xmedian 14.0x
P/FCF now vs peer median 61.3xmedian 29.8x 65.8xmedian 29.8x 26.8xmedian 21.7x
P/B now vs peer median 7.5xmedian 3.0x 14.6xmedian 3.0x 4.5xmedian 2.3x
PEG now vs peer median 0.45median 1.17 1.52median 1.17 -0.87median 1.32

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFORMTEREMR
Revenue $902.23M $4.46B $18.64B
Gross profit $389.11M $2.64B $9.91B
Operating income $115.94M $1.35B $4.68B
Net income $115.47M $1.15B $2.58B
Free cash flow $136.12M $769.75M $3.46B
R&D $120.97M $559.87M –
EPS (diluted) $1.45 $7.29 $4.59
Cash & equivalents $109.76M $349.54M $2.18B
Total debt $11.64M – $13.11B
Shares (diluted) 79.61M 157.69M 561.10M
Enterprise value $7.41B $47.40B $86.18B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFORMTEREMR
P/E 72.2x 44.0x 36.0x
P/FCF 61.3x 65.8x 26.8x
P/Operating cash flow 46.4x 47.5x 23.7x
P/S 9.3x 11.3x 5.0x
P/B 7.5x 14.6x 4.5x
P/Tangible book 7.6x 15.0x 7.9x
EV/EBITDA 52.3x 33.6x 16.8x
EV/EBIT 69.1x 37.2x 22.2x
EV/Revenue 8.9x 11.3x 5.6x
EV/FCF 58.9x 65.3x 29.9x
EV/Operating cash flow 44.6x 47.2x 26.5x
PEG (3Y EPS CAGR) 0.45 1.52 -0.87

Growth

14 metrics
MetricFORMTEREMR
Revenue growth (1Y) 18.0% 57.9% 4.8%
Revenue CAGR (3Y) 10.4% 16.0% 7.6%
Gross profit growth (1Y) 31.6% 58.2% 5.7%
Gross profit CAGR (3Y) 19.4% 16.7% 11.0%
Operating income growth (1Y) 180.9% 160.9% 9.2%
Operating income CAGR (3Y) 121.2% 28.8% 13.6%
Net income growth (1Y) 162.9% 145.2% -3.0%
Net income CAGR (3Y) 162.2% 27.2% -42.0%
EPS growth (1Y) 156.0% 149.0% -2.2%
EPS CAGR (3Y) 160.2% 29.0% -41.6%
Operating cash flow growth (1Y) 71.0% 34.4% 4.4%
Operating cash flow CAGR (3Y) 31.1% 19.9% 10.1%
Free cash flow growth (1Y) 3,646% 38.4% 4.4%
Free cash flow CAGR (3Y) 212.7% 18.5% 9.4%

Profitability

14 metrics
MetricFORMTEREMR
Gross margin 43.1% 59.2% 53.2%
EBITDA margin 17.0% 33.5% 33.1%
Operating margin 12.9% 30.2% 25.1%
Pretax margin 14.1% 30.2% 17.6%
Net margin 12.8% 25.8% 13.8%
FCF margin 15.1% 17.2% 18.6%
Operating cash flow margin 19.9% 23.9% 21.0%
Return on equity 10.2% 35.2% 12.7%
Return on assets 8.5% 24.9% 6.1%
Return on invested capital 9.2% 35.3% 10.9%
Return on capital employed 10.2% 37.8% 14.9%
Asset turnover 0.7x 1.0x 0.4x
Cash conversion (OCF / net income) 1.6x 0.9x 1.5x
Stock comp / revenue 4.0% 1.7% 1.3%

Financial Health

11 metrics
MetricFORMTEREMR
Debt / assets 0.9% – 31.1%
Debt / equity 0.0x – 0.6x
Net debt / EBITDA -2.2x – 1.8x
Debt / FCF 0.1x – 3.8x
Liabilities / assets 17.2% 29.5% 51.7%
Equity / assets 82.8% 70.5% 48.3%
Interest coverage – 118.8x –
Current ratio 4.1x 2.1x 0.9x
Quick ratio 3.1x 1.3x 0.5x
Cash ratio 2.1x 0.3x 0.2x
Altman Z-score 23.34 23.43 4.71

Shareholder Returns

7 metrics
MetricFORMTEREMR
Dividend yield – 0.2% 1.3%
Net buyback yield -0.1% 0.9% 1.0%
Shareholder yield -0.1% 1.1% 2.3%
Payout ratio (earnings) – – 47.8%
Payout ratio (FCF) – – 35.6%
Dividend growth (1Y) – – 3.1%
Dividend CAGR (3Y) – – 0.7%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFORMTEREMR
Forward P/E 33.9xFY2026 33.5xFY2026 24.6xFY2026
EPS, next fiscal year $3.15FY2026 $9.65FY2026 $6.75FY2026
EPS growth, next FY +142.3%FY2026 +143.7%FY2026 +12.5%FY2026
EPS growth, the year after +31.4% +25.7% +15.3%
Revenue, next fiscal year $982.39MFY2026 $5.01BFY2026 $18.13BFY2026
Revenue growth, next FY +25.1%FY2026 +57.1%FY2026 +0.6%FY2026
Revenue growth, the year after +21.5% +18.9% +15.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFORMTEREMR
Held by institutions 92.0% 97.3% 82.1%
Institutions holding 509 1,419 2,290
Change in shares held, QoQ -3.7% +5.2% +0.9%
Institutions buying 304 828 1,080
Institutions selling 168 456 798
Buyers to sellers 1.81 1.82 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FORMTEREMR
FORM 1.00 0.74 0.36
TER 0.74 1.00 0.52
EMR 0.36 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FORM, TER and EMR?

Emerson Electric (EMR) is the largest by market capitalisation: Formfactor (FORM) $8.60B, Teradyne (TER) $48.62B, Emerson Electric (EMR) $93.44B.

Which stock is cheaper, FORM, TER and EMR?

Emerson Electric (EMR) trades on the lowest price-to-earnings ratio (Formfactor (FORM) 74.5x, Teradyne (TER) 42.3x, Emerson Electric (EMR) 36.2x). On next year's consensus earnings, Emerson Electric (EMR) is cheapest (Formfactor (FORM) 33.9x, Teradyne (TER) 33.5x, Emerson Electric (EMR) 24.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Teradyne (TER) grew revenue fastest over the trailing twelve months: Formfactor (FORM) +18.0%, Teradyne (TER) +57.9%, Emerson Electric (EMR) +4.8%.

Which company is more profitable?

Teradyne (TER) has the highest net margin (Formfactor (FORM) 12.8%, Teradyne (TER) 25.8%, Emerson Electric (EMR) 13.8%). On return on invested capital, Teradyne (TER) leads (Formfactor (FORM) 9.2%, Teradyne (TER) 35.3%, Emerson Electric (EMR) 10.9%).

Which stock has performed better?

Over the past year Formfactor (FORM) returned the most: Formfactor (FORM) +144.1%, Teradyne (TER) +119.4%, Emerson Electric (EMR) +23.6%. Over five years, Formfactor (FORM) compounded fastest (Formfactor (FORM) +22.1%/yr, Teradyne (TER) +18.8%/yr, Emerson Electric (EMR) +11.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Formfactor (FORM) 0.00%, Teradyne (TER) 0.00%, Emerson Electric (EMR) 0.01%. Formfactor (FORM) and Teradyne (TER) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Emerson Electric (EMR) has been the steadiest (Formfactor (FORM) 87.2%, Teradyne (TER) 78.6%, Emerson Electric (EMR) 31.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FORM, TER and EMR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Emerson Electric (EMR) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.