Teledyne Technologies Incorporated

TDY · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998
Valuation
Market cap	$24,290	$21,970	$21,058	$18,744	$20,383	$18,288	$16,168	$9,661	$6,420	$5,739	$4,138	$3,766	$3,490	$2,418	$1,999	$1,599	$1,381	$1,577	$1,861	$1,377	$968	$951	$609	$504	$538	$675	$258	$238
Enterprise value	$26,580	$24,115	$23,659	$22,030	$24,008	$18,393	$16,938	$10,266	$7,422	$6,258	$4,834	$4,371	$4,023	$2,986	$2,267	$1,792	$1,608	$1,890	$1,991	$1,596	$1,006	$1,018	$571	$485	$556	$660	$348	–
P/E (TTM) at period end	27.15×	26.82×	23.78×	23.77×	45.77×	45.50×	40.19×	28.94×	28.26×	30.06×	21.14×	17.30×	18.86×	14.74×	7.83×	13.27×	12.19×	14.17×	18.90×	17.15×	15.08×	22.81×	20.49×	19.85×	81.45×	20.91×	5.27×	4.88×
P/S (TTM) at period end	3.97×	3.87×	3.74×	3.43×	4.42×	5.93×	5.11×	3.33×	2.47×	2.67×	1.80×	1.57×	1.49×	1.14×	1.03×	0.97×	0.84×	0.92×	1.15×	0.96×	0.80×	0.94×	0.72×	0.65×	0.72×	0.85×	0.34×	0.32×
P/B at period end	2.31×	2.30×	2.28×	2.29×	2.67×	5.66×	5.96×	4.33×	3.30×	3.69×	3.08×	–	2.37×	2.11×	2.04×	2.03×	2.07×	3.12×	3.51×	3.19×	2.97×	3.63×	2.75×	2.85×	3.11×	4.14×	5.81×	2.23×
EV / EBITDA (TTM)	17.89×	18.56×	17.51×	16.89×	24.10×	30.85×	28.06×	19.38×	17.07×	19.09×	12.99×	11.24×	12.14×	9.29×	7.78×	8.01×	7.52×	7.76×	10.11×	10.16×	7.96×	11.10×	8.14×	7.50×	17.75×	9.18×	3.87×	–
EV / Sales (TTM)	4.35×	4.25×	4.20×	4.04×	5.20×	5.96×	5.35×	3.54×	2.85×	2.91×	2.10×	1.83×	1.72×	1.40×	1.17×	1.09×	0.97×	1.10×	1.23×	1.11×	0.83×	1.00×	0.68×	0.63×	0.75×	0.83×	0.46×	–
Returns
Return on equity	8.5%	8.6%	9.6%	9.7%	5.8%	12.4%	14.8%	15.0%	11.7%	12.3%	14.6%	–	12.6%	14.3%	26.1%	15.3%	17.0%	22.0%	18.6%	18.6%	19.7%	15.9%	13.4%	14.4%	3.8%	19.8%	110.1%	45.8%
Return on invested capital	7.3%	7.4%	8.1%	7.4%	4.6%	12.3%	12.0%	12.5%	8.6%	9.2%	10.5%	11.1%	9.9%	10.1%	12.2%	12.6%	13.4%	15.3%	16.8%	12.7%	17.2%	12.5%	17.1%	16.4%	3.4%	23.2%	35.0%	42.7%
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.64×	2.33×	1.69×	1.85×	1.62×	2.26×	1.72×	1.55×	1.87×	1.69×	2.10×	1.75×	1.91×	1.83×	1.80×	1.90×	1.74×	1.89×	1.81×	1.94×	1.87×	1.77×	2.05×	1.86×	2.23×	1.93×	2.15×	1.85×
Debt / equity	0.24×	0.28×	0.35×	0.48×	0.54×	0.24×	0.31×	0.34×	0.55×	0.40×	0.58×	(2.18×)	0.38×	0.49×	0.32×	0.34×	0.38×	0.66×	0.27×	0.54×	0.14×	0.30×	–	–	0.17×	–	2.18×	–
Effective tax rate	18.2%	12.5%	7.5%	13.1%	16.6%	14.4%	15.1%	15.3%	20.8%	20.9%	24.3%	23.6%	17.6%	28.7%	32.8%	30.9%	30.0%	36.8%	34.0%	34.0%	37.7%	38.7%	33.4%	39.7%	39.8%	39.7%	40.2%	41.3%
Share count
Diluted shares outstanding	47	48	48	48	44	38	38	37	36	36	36	38	38	37	37	37	37	36	36	36	35	34	33	33	33	30	27	28

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998
Revenue and gross profit
Revenue	$6,520	$6,115	$5,670	$5,636	$5,459	$4,614	$3,086	$3,164	$2,902	$2,604	$2,150	$2,298	$2,394	$2,339	$2,127	$1,942	$1,644	$1,652	$1,722	$1,622	$1,433	$1,206	$1,017	$841	$773	$744	$795	$761	$733
Cost of revenue	($3,732)	($3,501)	($3,235)	($3,196)	($3,128)	($2,773)	($1,905)	($1,920)	($1,791)	($1,624)	($1,330)	($1,428)	($1,487)	($1,500)	($1,379)	($1,291)	($1,148)	($1,177)	($1,206)	($1,136)	($1,020)	($870)	($746)	($637)	($585)	($573)	($565)	($541)	($522)
Gross profit	$2,787	$2,615	$2,435	$2,439	$2,330	$1,841	$1,181	$1,243	$1,111	$980	$820	$870	$907	$839	$748	$651	$496	$475	$516	$486	$413	$337	$270	$204	$188	$171	$230	$221	$212
Operating expenses
Research and development	($331)	($317)	($293)	($356)	($352)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($984)	($931)	($903)	($852)	($804)	($1,068)	($662)	($715)	($694)	($658)	($580)	($589)	($612)	($598)	($505)	($424)	($318)	($303)	($318)	($324)	($288)	($236)	($203)	($157)	($146)	($144)	($158)	($130)	($123)
Total operating expenses	($1,483)	($1,465)	($1,446)	($1,405)	($1,358)	($1,217)	($701)	($752)	($694)	($658)	($580)	($589)	($612)	($598)	($505)	($424)	($318)	($303)	($318)	($324)	($288)	($236)	($203)	($157)	($145)	($160)	($173)	($142)	($134)
Total costs and expenses	($5,216)	($4,966)	($4,681)	($4,601)	($4,487)	($3,990)	($2,606)	($2,672)	($2,485)	($2,282)	($1,909)	($2,016)	($2,100)	($2,098)	($1,884)	($1,715)	($1,466)	($1,481)	($1,523)	($1,460)	($1,308)	($1,106)	($950)	($794)	($730)	($734)	($738)	($683)	($656)
Operating income	$1,304	$1,150	$989	$1,034	$972	$624	$480	$492	$417	$322	$240	$282	$294	$240	$243	$227	$178	$171	$199	$162	$125	$101	$67	$47	$43	$11	$57	$79	$78
Earnings
EBITDA	$1,646	$1,486	$1,299	$1,351	$1,304	$996	$596	$604	$530	$435	$328	$372	$389	$331	$321	$291	$224	$214	$244	$197	$157	$126	$92	$70	$65	$31	$72	$90	$88
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($48)	($60)	($58)	($77)	($89)	($91)	($15)	($21)	($26)	($33)	($23)	($24)	($19)	($20)	($18)	($16)	($6)	($5)	($11)	($10)	–	–	–	($4)	–	($22)	($3)	–	–
Pre-tax income	$1,268	$1,094	$938	$959	$908	$534	$470	$474	$394	$287	$241	$258	$282	$224	$228	$212	$174	$166	$188	$149	$122	$103	$68	$45	$42	$11	$53	$82	$83
Income tax expense	($241)	($199)	($117)	($72)	($119)	($88)	($68)	($71)	($60)	($60)	($50)	($63)	($66)	($40)	($65)	($70)	($54)	($50)	($69)	($51)	($41)	($39)	($26)	($15)	($17)	($4)	($21)	($33)	($34)
Net income	$1,027	$895	$819	$886	$789	$445	$402	$402	$334	$227	$191	$196	$218	$185	$164	$255	$120	$113	$111	$98	$80	$64	$42	$30	$25	$7	$32	$49	$49
Per share
Diluted EPS (GAAP)	$21.88	$18.88	$17.21	$18.49	$16.53	$10.05	$10.62	$10.73	$9.01	$6.26	$5.37	$5.44	$5.75	$4.87	$4.39	$6.84	$3.27	$3.10	$3.05	$2.72	$2.26	$1.85	$1.24	$0.91	$0.77	$0.20	$1.09	$1.79	$1.73
Basic EPS (GAAP)	$22.00	$19.12	$17.43	$18.80	$16.85	$10.31	$10.95	$11.08	$9.32	$6.45	$5.52	$5.55	$5.87	$4.96	$4.47	$6.97	$3.33	$3.15	$3.14	$2.82	$2.34	$1.93	$1.29	$0.92	$0.79	$0.20	$1.13	$1.79	$1.73
Basic shares outstanding	47	47	47	47	47	43	37	36	36	35	35	35	37	37	37	37	36	36	35	35	34	33	32	32	32	33	29	27	28
Margins
Gross margin	42.8%	42.8%	42.9%	43.3%	42.7%	39.9%	38.3%	39.3%	38.3%	37.6%	38.2%	37.9%	37.9%	35.9%	35.2%	33.5%	30.2%	28.7%	30.0%	30.0%	28.8%	27.9%	26.6%	24.3%	24.3%	23.0%	29.0%	29.0%	28.9%
Operating margin	20.0%	18.8%	17.4%	18.4%	17.8%	13.5%	15.6%	15.5%	14.4%	12.4%	11.2%	12.3%	12.3%	10.3%	11.4%	11.7%	10.9%	10.4%	11.5%	10.0%	8.7%	8.3%	6.6%	5.6%	5.6%	1.5%	7.2%	10.3%	10.6%
Net margin	15.8%	14.6%	14.4%	15.7%	14.4%	9.7%	13.0%	12.7%	11.5%	8.7%	8.9%	8.5%	9.1%	7.9%	7.7%	13.1%	7.3%	6.9%	6.5%	6.1%	5.6%	5.3%	4.1%	3.5%	3.3%	0.9%	4.1%	6.4%	6.6%

Analyst consensus

Buy18 analysts

Bearish · 2 · Hold · 4 · Bullish · 12

Earnings history

	EPS	Estimate
Q4 2024	$5.52	$5.22	Beat
Q1 2025	$4.95	$4.92	Beat
Q2 2025	$5.20	$5.05	Beat
Q3 2025	$5.57	$5.47	Beat
Q4 2025	$6.30	$5.83	Beat
Q1 2026	$5.80	$5.47	Beat
Q2 2026	$6.28	$5.79	Beat
Q3 2026	$6.72	$6.17	Beat

Peers

Company overview

IPO dateNov 23, 1999

CEOGeorge C. Bobb

Employees15,800

SectorTechnology

IndustryHardware, Equipment & Parts

CountryUS

ExchangeNew York Stock Exchange

Websitewww.teledyne.com

Teledyne Technologies Incorporated develops and supplies advanced technologies primarily for industrial sectors experiencing growth, serving customers across the United States, Canada, the United Kingdom, Belgium, the Netherlands, and other international markets. The company's Instrumentation division provides sophisticated monitoring and control equipment for use in marine environments, environmental management, various industrial processes, and other specialized applications. It also offers electronic tools for testing and measurement, alongside connectivity devices for power and communication within distributed instrumentation setups and sensor networks. Its Digital Imaging segment specializes in a broad range of imaging solutions. This includes visible spectrum sensors and digital cameras vital for industrial machine vision, automated quality control, as well as medical, research, and scientific purposes. Additionally, it offers infrared and X-ray imaging technologies for industrial, governmental, and healthcare applications. The segment also produces microelectromechanical systems (MEMS) and semiconductors, such as analog-to-digital and digital-to-analog converters. Complementing these, it delivers complete thermal and visible-light imaging systems, locator systems, measurement and diagnostic tools, and threat detection solutions. The Aerospace and Defense Electronics segment is dedicated to supplying electronic components and subsystems, along with communication products. This encompasses defense-specific electronics, specialized environmental interconnects, data acquisition and communication gear for aircraft, components for wireless and satellite communication systems, and batteries for general aviation. Finally, the Engineered Systems segment provides comprehensive systems engineering, integration services, technology development, and manufacturing capabilities for applications in defense, space exploration, environmental protection, and energy. It also designs and manufactures advanced electrochemical energy systems and associated electronics specifically for military use. Teledyne Technologies promotes and sells its diverse portfolio of products and services through a combination of its dedicated internal sales teams and a network of external sales representatives and distributors. The company, established in 1960, maintains its corporate headquarters in Thousand Oaks, California.

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