VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Saturday, January 10, 2026

Stock Comparison

Teqnion AB (publ) vs Teradyne, Inc.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Teqnion AB (publ)

TEQ · Nasdaq First North Growth Market Sweden

Market cap (USD)$3.1B
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorFinancials
IndustryIndustrial - Distribution
CountrySE
Data as of2026-01-08
Moat score
47/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Teqnion AB (publ)'s moat claims, evidence, and risks.

View TEQ analysis

Teradyne, Inc.

TER · Nasdaq Stock Market

Market cap (USD)$34.9B
Gross margin (TTM)58.9%
Operating margin (TTM)17.9%
Net margin (TTM)15.5%
SectorTechnology
IndustrySemiconductors
CountryUS
Data as of2025-12-23
Moat score
79/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Teradyne, Inc.'s moat claims, evidence, and risks.

View TER analysis

Comparison highlights

  • Moat score gap: Teradyne, Inc. leads (79 / 100 vs 47 / 100 for Teqnion AB (publ)).
  • Segment focus: Teqnion AB (publ) has 4 segments; Teradyne, Inc. has 3 segments (77.9% in Semiconductor Test).
  • Primary market structure: Competitive vs Duopoly. Pricing power: n/a vs Moderate.
  • Moat breadth: Teqnion AB (publ) has 8 moat types across 2 domains; Teradyne, Inc. has 6 across 3.

Primary market context

Teqnion AB (publ)

Acquisition & Portfolio Platform (Active, long-term ownership)

Market

Acquisition and long-term ownership of profitable niche industrial SMEs

Geography

Nordics, UK, Ireland

Customer

Business owners / sellers; subsidiary management teams

Role

Acquirer / holding company / active owner

Teradyne, Inc.

Semiconductor Test

Market

Semiconductor automated test equipment (ATE) and system-level test (SLT)

Geography

Global

Customer

IDMs, foundries, fabless, OSATs

Role

Capital equipment supplier

Revenue share

77.9%

Side-by-side metrics

Teqnion AB (publ)
Teradyne, Inc.
Ticker / Exchange
TEQ - Nasdaq First North Growth Market Sweden
TER - Nasdaq Stock Market
Market cap (USD)
$3.1B
$34.9B
Gross margin (TTM)
n/a
58.9%
Operating margin (TTM)
n/a
17.9%
Net margin (TTM)
n/a
15.5%
Sector
Financials
Technology
Industry
Industrial - Distribution
Semiconductors
HQ country
SE
US
Primary segment
Acquisition & Portfolio Platform (Active, long-term ownership)
Semiconductor Test
Market structure
Competitive
Duopoly
Market share
n/a
27%-30% (implied)
HHI estimate
n/a
3,565
Pricing power
n/a
Moderate
Moat score
47 / 100
79 / 100
Moat domains
Supply, Demand
Demand, Supply, Network
Last update
2026-01-08
2025-12-23

Moat coverage

Shared moat types

Design In QualificationSwitching Costs General

Teqnion AB (publ) strengths

Operational ExcellencePreferential Input AccessScope EconomiesDistribution ControlProcurement InertiaLearning Curve Yield

Teradyne, Inc. strengths

Format Lock InCapex Knowhow ScaleEcosystem ComplementsBrand Trust

Segment mix

Teqnion AB (publ) segments

Full profile >

Acquisition & Portfolio Platform (Active, long-term ownership)

Competitive

n/a

Agency & Distribution Businesses

Competitive

n/a

Niche Product & Service Companies

Competitive

n/a

Manufacturing (Own-brand and Contract/OEM)

Competitive

n/a

Teradyne, Inc. segments

Full profile >

Semiconductor Test

Duopoly

77.9%

Product Test

Competitive

11.7%

Robotics

Competitive

10.4%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.