Teradata Corp
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
The business is real and hard to replace: 86.9 percent recurring revenue in 2025, $2,033 million of contracted obligations, three consecutive years of operating income around $200 million and, since June 24, 2026, no bank debt at all — against $816 million of cash at March 31, 2026. No sign of substance risk, hence no red. What is missing for green is the growth side: revenue is 23 percent below its 2018 level and fell in five of the past seven years, the cloud net expansion rate slipped from 117 to 108 percent, consulting revenue shrank 19 percent in 2025, and stock-based compensation of $112 million consumes 39 percent of free cash flow — issued shares rose from 92.5 million to 94.4 million in the first quarter of 2026 despite buybacks. On top of that sits the competition the annual report names itself. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Teradata is a profitable niche vendor with a genuine position in very large data estates: 86.9 percent recurring revenue, $2,033 million of contracted obligations, $285 million of free cash flow in 2025 and, since June 24, 2026, no bank debt. The price looks low — but the trailing P/E of 6.5 rests largely on a court settlement that will not repeat; without it the multiple is roughly 19. Behind that stands revenue 23 percent below its 2018 level, a cloud business whose existing customers expand more slowly than a year ago, and a share count that rises despite buybacks. The scanner sees a turnaround; the filings so far show one quarter. Not investment advice.
Quality of the earnings jump
Of the $335 million of quarterly net income (03/31/2026), $280 million came from the SAP settlement. The underlying business contributed $55 million, against $44 million a year earlier. Over the same period the company reports an operating loss of $36 million, because the $121 million of fees sits in selling expenses.
Shift to subscriptions
The shift is far along: 86.9 percent recurring revenue in 2025, 90.1 percent in the first quarter of 2026, perpetual licenses effectively gone ($17 million in 2025). But growth comes only from the public cloud (ARR $701 million, up 15 percent), while subscription ARR fell 4 percent and maintenance ARR fell 13 percent (12/31/2025).
Cash generation
Free cash flow was $285 million in 2025 after $277 million in 2024 — steady even though revenue fell 5 percent. It therefore comes mostly from cost cuts and from a still-large legacy base, not from growth. The $390 million of the first quarter of 2026 includes $359 million from the SAP settlement; adjusted, roughly $31 million remains.
Share count and compensation
Stock-based compensation expense was $112 million in 2025, or 39 percent of free cash flow. In the first quarter of 2026 issued shares rose from 92.5 million to 94.4 million despite buybacks. On May 14, 2026 shareholders added 6,300,000 authorized plan shares — 6.7 percent of the count.
Balance sheet after the repayment
On June 24, 2026 Teradata repaid the term loan in full and put in place an undrawn $400 million revolving facility maturing in 2031. At March 31, 2026 cash of $816 million stood against a $449 million term loan; the equity ratio was 26.0 percent after 12.9 percent at year-end 2025.
Competition
The 2025 annual report names AWS, Databricks, Google Cloud, Microsoft Azure and Snowflake — rivals with far larger budgets. Revenue is 23 percent below its 2018 level, and the cloud net expansion rate fell from 117 to 108 percent (12/31/2025). Existing customers are therefore expanding more slowly than a year earlier.
Worth Noting
Hook: in-house stock scanner "Turnaround-Kandidaten", U.S. selection, turnaround check 6 of 8, measured July 27, 2026 on both brands. 44 of the 60 hits share the same score — Teradata sits in the bottom third and therefore outside the 25 displayed places. The lists are recalculated daily.
Data as of July 26/27, 2026 for metrics and prices. All business figures come from the 2025 annual report (02/27/2026), the quarterly report for the period ended 03/31/2026 (05/06/2026) and the disclosures filed through July 8, 2026.
Do not confuse: Teradata Corporation (TDC, San Diego) has nothing to do with the Danish telecom group TDC A/S. The SEC conformed name is "TERADATA CORP /DE/" — a registry convention, not a renaming.
We did not use the Altman-Z value of 3.83 stored in our data set: it cannot be reconciled with the 2025 annual statement or the balance sheet as of 03/31/2026. The article uses self-computed balance sheet ratios instead.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at TDC since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 20.40 $ to 37.90 $ · Last price: 29.30 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Software - Infrastructure
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Teradata Corp TDC | 2.6 | – | 3.4 | 61.3 | 19.1 | -5.0 | 34.2 |
| Microsoft Corporation MSFT | 3,632.6 | 30.8 | 17.6 | 67.9 | 46.3 | 14.9 | -1.6 |
| Oracle Corporation ORCL | 435.3 | 24.7 | 14.8 | 64.0 | 36.2 | 17.4 | -49.5 |
| Palantir Technologies Inc. PLTR | 432.5 | 199.0 | 147.5 | 84.8 | 46.2 | 56.2 | 4.7 |
| Palo Alto Networks Inc PANW | 305.7 | 302.6 | 194.0 | 70.4 | -2.5 | 14.9 | 84.7 |
| Crowdstrike Holdings Inc CRWD | 248.2 | – | 490.1 | 75.2 | -2.2 | 21.7 | 120.6 |
| Fortinet Inc FTNT | 124.2 | 61.8 | 39.6 | 80.2 | 31.3 | 14.2 | 115.0 |
| Cloudflare Inc NET | 115.1 | – | 2,805.8 | 72.6 | -9.7 | 29.9 | 56.1 |
| Synopsys Inc SNPS | 73.0 | 77.0 | 22.3 | 82.9 | 10.4 | 15.1 | -10.4 |
| Median of companies shown | 248.2 | 69.4 | 39.6 | 72.6 | 19.1 | 15.1 | 34.2 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 2,322 | 232 | 125 | 0.95 | 446 | 971 | 2,405 |
| 2017 | 2,156 | 64 | -67 | -0.53 | 324 | 668 | 2,556 |
| 2018 | 2,164 | 43 | 30 | 0.25 | 364 | 495 | 2,360 |
| 2019 | 1,899 | 6 | -24 | -0.21 | 148 | 262 | 2,057 |
| 2020 | 1,836 | 16 | 129 | 1.16 | 267 | 400 | 2,193 |
| 2021 | 1,917 | 231 | 147 | 1.30 | 463 | 460 | 2,169 |
| 2022 | 1,795 | 118 | 33 | 0.31 | 419 | 258 | 2,022 |
| 2023 | 1,833 | 186 | 62 | 0.61 | 375 | 135 | 1,873 |
| 2024 | 1,750 | 209 | 114 | 1.16 | 303 | 133 | 1,704 |
| 2025 | 1,663 | 205 | 130 | 1.35 | 305 | 230 | 1,779 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.26 | – | 409 | -10.50 | 6.10 | 156 | 148 |
| 2025: Q1 | 0.45 | 126.10 | 418 | -10.10 | 10.50 | 8 | 7 |
| 2025: Q2 | 0.09 | -75.30 | 408 | -6.40 | 2.20 | 43 | 39 |
| 2025: Q3 | 0.42 | 27.00 | 416 | -5.50 | 9.60 | 94 | 99 |
| 2025: Q4 | 0.38 | 49.50 | 421 | 2.90 | 8.80 | 160 | 151 |
| 2026: Q1 | 3.47 | 667.70 | 444 | 6.20 | 75.50 | 401 | 390 |
| 2026: Q2 | 0.48 | 433.30 | 410 | 0.50 | 11.20 | 106 | 105 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 10 of our scanner strategies — each hit links to the scanner.
Growth
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 2.71 | 2.69 – 2.75 | 1,647 | 5.0% | 8 |
| 12/31/2027 | 2.91 | 2.76 – 3.06 | 1,669 | 7.5% | 8 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly -17.9% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $745.0M |
|---|---|
| Market cap | $2.62B |
| Free cash flow in year ten | $103.8M |
| Terminal value as a share of market value | 20.9% |
For comparison: over the past five years free cash flow grew by 5.8% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Teradata bezeichnet sich in Geschäfts- und Quartalsbericht selbst als „AI and knowledge platform“ und verkauft KI-Produkte (AI Factory, AgentBuilder, AI Services); 2025 wurden nach eigenen Angaben mehr als 150 KI-Projekte bei Kunden umgesetzt.
View the full file — quotes, sources, reviewed filings
„This new landscape demands a new system of intelligence, and we believe Teradata is uniquely suited to provide this with our autonomous AI and knowledge platform as well as our data and analytics capabilities."
Diese neue Landschaft verlangt nach einem neuen System der Intelligenz, und wir glauben, dass Teradata mit seiner autonomen KI- und Wissensplattform sowie seinen Daten- und Analysefähigkeiten in einzigartiger Weise geeignet ist, dieses bereitzustellen.
10-K · 2026-02-27 · View SEC filing
„Across Teradata, we are executing and advancing in our transformation as a modern, leading AI and knowledge platform. Our transition has earned recognition from numerous industry analyst firms, and we delivered more than 150 AI engagements at customer accounts in 2025."
Überall bei Teradata setzen wir unsere Wandlung zu einer modernen, führenden KI- und Wissensplattform um und treiben sie voran. Unser Übergang hat Anerkennung von zahlreichen Branchenanalysten erhalten, und wir haben 2025 mehr als 150 KI-Projekte bei Kunden umgesetzt.
10-K · 2026-02-27 · View SEC filing
„With our AI and knowledge platform, underpinned by our extensive patented workload management optimization technology, we believe we are well positioned to help enterprises become more autonomous, while enabling our customers to focus on managing, securing, and providing trustworthy data for AI and analytics across hybrid and multi-cloud environments."
Mit unserer KI- und Wissensplattform, gestützt auf unsere umfangreiche patentierte Technik zur Optimierung der Lastverwaltung, sehen wir uns gut aufgestellt, Unternehmen zu mehr Eigenständigkeit zu verhelfen und unseren Kunden zugleich zu ermöglichen, sich auf die Verwaltung, Absicherung und Bereitstellung vertrauenswürdiger Daten für KI und Analytik über hybride und Multi-Cloud-Umgebungen hinweg zu konzentrieren.
10-Q · 2026-05-06 · View SEC filing
Filings Reviewed: 10-K 2026-02-27 · 10-Q 2026-05-06 · 8-K 2026-06-24 · 8-K 2026-05-19 · DEF 14A 2026-03-26 · SCHEDULE 13D/A 2026-07-08
Rated on July 27, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -2.5%
- More than 10% revenue growth is expected for the coming year 1.8%
- Share count grows by less than 3% a year -3.0%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 12.2%
- Gross margin at 40% or higher and without meaningful erosion 59.7%
- Goodwill from acquisitions does not grow faster than revenue 22.4%
- Net debt below twice EBITDA 0.3 x EBITDA
- Operating cash flow covers the profits of the last three years 677 m
- Return on capital at 15% or higher, or up versus two years ago 23.7%
- Insiders hold at least 10% or are net buyers 1.0%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% -3.6%
- Exp. sales growth 3Y > 5% 0.2%
- EBIT growth 10Y > 5% -1.4%
- Exp. EBIT growth 3Y > 5% 47.1%
- Net debt < 4x EBIT 0.3x
- EBIT positive, 10Y straight 10
- Max. EBIT decline < 50% 97.4%
- Return on equity > 15% –
- ROCE > 15% 23.7%
- Expected return > 10% 63.1%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Fisher Melissa B | Director | Other | 344 | 0.00 | – |
| Sep 1, 2026 | Fisher Melissa B | Director | Other | 619 | 0.00 | – |
| Aug 14, 2026 | McElhatton Todd | Director | Other | 2,197 | 0.00 | – |
| Aug 14, 2026 | Gianoni Michael P | Director | Other | 2,197 | 0.00 | – |
| Aug 14, 2026 | Bacus Lisa R | Director | Other | 2,197 | 0.00 | – |
| Aug 14, 2026 | Fisher Melissa B | Director | Other | 2,197 | 0.00 | – |
| Aug 14, 2026 | Nelson Kimberly K. | Director | Other | 2,197 | 0.00 | – |
| Aug 1, 2026 | Leukert Bernd | Director | Other | 8,330 | 0.00 | – |
The company
About the Company
Teradata Corporation bietet gemeinsam mit ihren Tochtergesellschaften KI- und Wissensplattformen in den USA und international an. Sie ist in zwei Segmenten tätig: Product Sales und Consulting Services.
- Employees
- 5,100
- Headquarters
- San Diego, CA
- Address
- 17095 Via Del Campo, 92127 San Diego, United States
- Phone
- 866 548 8348
- Website
- teradata.com
- IPO Date
- 10/01/2007
- ISIN
- US88076W1036
Management
| Name | Title | Birth Year |
|---|---|---|
| Stephen McMillan | President, CEO & Director | 1971 |
| John Ederer | Chief Financial Officer | 1970 |
| Charles Smotherman | Senior VP & Chief Accounting Officer | – |
| Scot Frazier Rogers J.D. | Chief Administrative Officer & Corporate Secretary | 1967 |
| Richard Petley | Chief Revenue Officer | 1967 |
| Sumeet Arora | Chief Product Officer | 1975 |
| Michael D. Hutchinson | Chief Operating Officer | 1966 |
| Louis Landry | Chief Technology Officer | – |
| Josh Fecteau | Chief Data & AI Officer and Chief Information Officer | – |
| Chad Michael Bennett | Senior Vice President of Investor Relations & Corporate Development | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/17/2026 TERADATA CORP /DE/ (TDC): Entry into a Material Definitive Agreement; Financial Statements and Exhibits SEC ↗
- 08/04/2026 TERADATA CORP /DE/ (TDC): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 08/03/2026 TERADATA CORP /DE/ (TDC): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.