Teledyne Technologies Incorporated (TDY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$5.79	$6.28	+8.5%	—	$1.7B	—
Q1 26	$5.47	$5.8	+6.0%	—	$1.6B	—
Q2 25	$5.05	$5.2	+3.0%	—	$1.5B	—
Q1 25	$4.92	$4.95	+0.6%	—	$1.4B	—
Q4 24	$5.23	$5.52	+5.5%	—	$1.5B	—
Q3 24	$4.97	$5.1	+2.6%	—	$1.4B	—
Q2 24	$4.5	$4.58	+1.8%	—	$1.4B	—
Q1 24	$4.63	$4.55	-1.7%	—	$1.4B	—
Q4 23	$5.04	$5.44	+7.9%	—	$1.4B	—
Q3 23	$4.76	$5.05	+6.1%	—	$1.4B	—
Q2 23	$4.64	$4.67	+0.6%	—	$1.4B	—
Q1 23	$4.43	$4.53	+2.3%	—	$1.4B	—
Q4 22	$4.54	$4.94	+8.8%	—	$1.4B	—
Q3 22	$4.3	$4.54	+5.6%	—	$1.4B	—
Q2 22	$4.38	$4.43	+1.1%	—	$1.4B	—
Q1 22	$4.08	$4.27	+4.7%	—	$1.3B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$19.4	—	—	$6.1B	—
FY24	—	$17.5	—	—	$5.7B	—
FY23	—	$18.7	—	—	$5.6B	—
FY22	—	$16.8	—	—	$5.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.1B	$2.6B	$2.9B	$3.2B	$3.1B	$4.6B	$5.5B	$5.6B	$5.7B	$6.1B
YoY change	-6.45%	+21.1%	+11.4%	+9.02%	-2.45%	+49.5%	+18.3%	+3.24%	+0.61%	+7.86%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.1B	2.6B	2.9B	3.2B	3.1B	4.6B	5.5B	5.6B	5.7B	6.1B
Cost of revenue	1.3B	1.6B	1.8B	1.9B	1.9B	2.8B	3.1B	3.2B	3.2B	3.5B
Gross profit	820.4M	979.8M	1.1B	1.2B	1.2B	1.8B	2.3B	2.4B	2.4B	2.6B
Gross margin	38.2%	37.6%	38.3%	39.3%	38.3%	39.9%	42.7%	43.3%	42.9%	42.8%
Research & development	—	—	—	—	—	—	—	—	292.6M	317.3M
Selling, general & administrative	579.9M	658.1M	694.2M	715.1M	662M	1.1B	1.2B	1.2B	902.6M	931.1M
Operating expenses	579.9M	658.1M	694.2M	715.1M	662M	1.1B	1.2B	1.2B	1.2B	1.2B
Operating income	240.5M	321.7M	416.6M	491.7M	480.1M	624.3M	972M	1B	1B	1.1B
Operating margin	11.2%	12.4%	14.4%	15.5%	15.6%	13.5%	17.8%	18.4%	18.4%	18.8%
Non-operating income, net	24M	-1.6M	2.8M	3M	4.9M	300K	25.4M	1.8M	-45.8M	4.3M
Pretax income	241.3M	287M	393.9M	473.7M	469.7M	533.8M	908.1M	958.9M	937.9M	1.1B
Income tax	50.4M	59.8M	60.1M	71.4M	67.8M	88.5M	119.2M	72.3M	117.2M	198.8M
Net income	190.9M	227.2M	333.8M	402.3M	401.9M	445.3M	788.9M	886.6M	820.7M	895.7M
Net margin	8.88%	8.73%	11.5%	12.7%	13%	9.65%	14.5%	15.7%	14.5%	14.6%
EBITDA	351.8M	433.1M	532.4M	606.6M	601.2M	1B	1.3B	1.4B	1.4B	1.5B
EPS	5.46	6.39	9.25	11	10.9	9.54	16.8	18.7	17.5	19.4
Diluted EPS	5.37	6.26	9.01	10.7	10.6	9.54	16.5	18.5	17.2	18.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.4B	1.4B	1.4B	1.4B	1.4B	1.5B	1.4B	1.5B	1.5B	1.6B	1.6B	1.7B
Cost of revenue	797.2M	801.9M	770.2M	781.5M	823.9M	859.6M	830.4M	869.1M	880M	921.1M	886.3M	924.4M
Gross profit	605.3M	623.1M	579.9M	592.6M	619.6M	642.7M	619.5M	644.6M	659.5M	691.2M	673.8M	738.1M
Gross margin	43.2%	43.7%	43%	43.1%	42.9%	42.8%	42.7%	42.6%	42.8%	42.9%	43.2%	44.4%
Research & development	—	—	—	—	—	—	74.3M	82.4M	83.4M	77.2M	84.6M	90.2M
Selling, general & administrative	291.9M	303M	296.2M	296.5M	299.1M	10.8M	233.9M	229.4M	238.2M	229.6M	237.4M	258.7M
Operating expenses	291.9M	303M	296.2M	296.5M	299.1M	10.8M	308.2M	311.8M	321.6M	306.8M	322M	348.9M
Operating income	264.3M	271.5M	234.3M	247M	270.7M	289.6M	259.3M	278.2M	282.8M	329.5M	294.2M	333.2M
Operating margin	18.8%	19.1%	17.4%	18%	18.8%	19.3%	17.9%	18.4%	18.4%	20.4%	18.9%	20%
Non-operating income, net	200K	-1.7M	3.9M	500K	100K	-50.3M	-3.1M	—	3.6M	3.8M	-3.2M	1.7M
Pretax income	246.1M	254.2M	225.5M	231.7M	255.1M	225.6M	238.9M	260.6M	273.8M	321.2M	278.7M	321.3M
Income tax	47.3M	-69.3M	46.4M	51.4M	-7.1M	26.5M	50.1M	50.2M	52.9M	45.6M	51.9M	69.6M
Net income	198.8M	323.5M	179.1M	180.3M	262.2M	199.1M	188.8M	210.4M	220.9M	275.6M	226.8M	251.7M
Net margin	14.2%	22.7%	13.3%	13.1%	18.2%	13.3%	13%	13.9%	14.3%	17.1%	14.5%	15.1%
EBITDA	341.2M	347.2M	312.3M	324.8M	347.6M	373.5M	340M	364.7M	367.3M	418.4M	381.4M	418.9M
EPS	4.22	6.83	3.76	3.84	5.62	4.25	4.03	4.48	4.7	5.97	4.9	5.43
Diluted EPS	4.15	6.75	3.72	3.77	5.54	4.2	3.99	4.43	4.65	5.84	4.85	5.37

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.3B	6.4B	7.5B	12.7B	14.5B	—	18.8B	21.1B	21.7B	23.6B	28.3B
Enterprise value	4.8B	7.4B	8.1B	13.3B	14.6B	—	22B	23.7B	23.7B	25.9B	30.2B
Shares outstanding	35.1M	35.5M	36.1M	36.5M	37M	46.7M	46.9M	47.3M	46.7M	46.2M	46.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	22.6	28.3	22.4	31.5	36	—	23.8	23.8	26.4	26.3	29.7
P/S	2.01	2.47	2.58	4	4.69	—	3.44	3.75	3.82	3.86	4.46
P/B	2.78	3.31	3.35	4.67	4.49	—	2.3	2.29	2.27	2.24	2.61
EV/EBITDA	13.8	17.2	15.2	22	24.3	—	16.7	17.6	17.4	17.5	18.9
EV/Sales	2.25	2.86	2.78	4.21	4.73	—	4.04	4.21	4.18	4.23	4.73
Earnings yield	4.42%	3.53%	4.47%	3.18%	2.77%	—	4.21%	4.2%	3.79%	3.8%	3.37%
FCF yield	5.31%	4.91%	4.82%	3.11%	3.78%	—	2.1%	3.41%	5.11%	4.55%	3.23%
PEG	—	—	—	—	—	—	—	—	—	—	1.39

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	38.2%	37.6%	38.3%	39.3%	38.3%	39.9%	42.7%	43.3%	42.9%	42.8%	44.4%
Operating margin	11.2%	12.4%	14.4%	15.5%	15.6%	13.5%	17.8%	18.4%	18.4%	18.8%	20.2%
Net margin	8.88%	8.73%	11.5%	12.7%	13%	9.65%	14.5%	15.7%	14.5%	14.6%	15.3%
ROE	12.3%	11.7%	15%	14.8%	12.4%	5.84%	9.65%	9.61%	8.59%	8.52%	9.15%
ROA	6.88%	5.91%	8.76%	8.78%	7.9%	3.09%	5.5%	6.1%	5.78%	5.86%	5.14%
ROIC	9.18%	8.63%	12.5%	12.4%	12.3%	4.63%	7.37%	8.09%	7.89%	7.35%	8.02%
Return on tangible assets	-233.4%	-45%	-95.5%	-105.1%	-1.2K%	-6.34%	-12.6%	-14.7%	-14.1%	-14.2%	-16.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.69	1.87	1.55	1.72	2.26	1.62	1.85	1.69	2.33	1.64	2.18
Quick ratio	1.06	1.13	1.04	1.21	1.81	1.12	1.27	1.17	1.61	1.08	1.39
Debt / equity	0.4	0.55	0.34	0.31	0.24	0.54	0.48	0.35	0.28	0.25	0.19
Debt / assets	0.22	0.28	0.2	0.19	0.15	0.28	0.27	0.22	0.19	0.17	0.13
Net debt / EBITDA	1.48	2.31	1.14	1.07	0.18	3.59	2.49	1.92	1.47	1.55	1.06
Interest coverage	11.4	9.67	16.4	23.6	31.7	6.88	11.2	13.4	17.2	19.4	19.4
Effective tax rate	20.9%	20.8%	15.3%	15.1%	14.4%	16.6%	13.1%	7.54%	12.5%	18.2%	18.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	61.2	73.3	80.4	86.6	83.5	98.8	116.4	119.1	121.4	132.4	136.9
EPS (basic)	5.46	6.39	9.25	11	10.9	9.54	16.8	18.7	17.5	19.4	19.4
EPS (diluted)	5.37	6.26	9.01	10.7	10.6	9.54	16.5	18.5	17.2	18.9	20.7
Book value per share	44.3	54.8	61.8	74.3	87.4	163.2	174.2	194.9	204.6	227.6	235.5
FCF per share	6.53	8.9	9.98	10.8	14.8	15.5	8.4	15.2	23.7	23.3	24.4
Cash per share	2.81	1.99	3.95	5.46	18.2	10.2	13.6	13.7	13.9	7.63	7.34
Capex per share	2.49	1.65	2.41	2.42	1.93	2.18	1.97	2.43	1.79	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.07%	2.25%	2.99%	2.79%	2.31%	2.2%	1.7%	2.04%	1.48%	—	—
Capex / operating cash flow	31.1%	18.2%	19.4%	19%	12.4%	12.4%	10.5%	13.9%	7.91%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	0.2%

Yield

0.2%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.31

ex-dividend Aug 6, 1996

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 6, 1996	$0.31
May 6, 1996	$0.31
Mar 7, 1996	$0.125
Feb 15, 1996	$0.10
Nov 2, 1995	$0.10
Aug 17, 1995	$0.10
May 2, 1995	$0.10

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.4B	$1.4B	$1.4B	$1.4B	$1.4B	$1.5B	$1.4B	$1.5B	$1.5B	$1.6B	$1.6B	$1.7B
YoY change	+2.85%	+0.48%	-2.4%	-3.55%	+2.92%	+5.42%	+7.39%	+10.2%	+6.65%	+7.32%	+7.6%	+9.83%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	98.6M	70.9M	142.5M	199.5M	673.1M	474.7M	638.1M	648.3M	649.8M	352.4M
Receivables	343.1M	388.3M	416.5M	460.4M	402M	767.7M	883.7M	899.7M	901.1M	992.4M
Inventory	314.2M	400.2M	364.3M	393.4M	347.3M	752.9M	890.7M	917.7M	914.4M	1B
Total current assets	846.2M	1B	1.1B	1.3B	1.7B	2.4B	2.8B	3B	2.9B	3.1B
Property, plant & equipment	136.5M	186.2M	187.9M	334.4M	203.3M	378.6M	333.4M	326.1M	281.5M	330.8M
Goodwill & intangibles	2.9B	4.4B	4.2B	5B	5.1B	21.5B	20.6B	20.6B	20B	21.6B
Total assets	2.8B	3.8B	3.8B	4.6B	5.1B	14.4B	14.4B	14.5B	14.2B	15.3B
Accounts payable	138.8M	191.7M	227.8M	271.1M	229.1M	469.5M	505.7M	384.7M	416.4M	486.6M
Short-term debt	102M	3.6M	137.4M	100.6M	97.6M	—	300.1M	600.1M	300K	482.1M
Total current liabilities	501.8M	540.6M	720.8M	763.2M	760.9M	1.5B	1.5B	1.8B	1.3B	1.9B
Long-term debt	515.8M	1.1B	610.1M	750M	680.9M	4.1B	3.6B	2.6B	2.6B	2.2B
Total liabilities	1.2B	1.9B	1.6B	1.9B	1.9B	6.8B	6.2B	5.3B	4.6B	4.8B
Shareholders' equity	1.6B	1.9B	2.2B	2.7B	3.2B	7.6B	8.2B	9.2B	9.6B	10.5B
Total debt	617.8M	1.1B	747.5M	850.6M	778.5M	4.1B	3.9B	3.2B	2.6B	2.6B
Net debt	519.2M	1B	605M	651.1M	105.4M	3.6B	3.3B	2.6B	2B	2.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	508.6M	648.3M	912.4M	443.2M	561M	649.8M	461.5M	310.9M	528.6M	352.4M	521.4M	340.1M
Receivables	854.7M	899.7M	885.8M	860.2M	933.8M	901.1M	935.5M	957.5M	938.5M	992.4M	969.2M	937.7M
Inventory	962M	917.7M	933.2M	965.7M	964.8M	914.4M	1B	1B	1.1B	1B	1.1B	1.2B
Total current assets	2.8B	3B	3.2B	2.7B	3B	2.9B	3B	2.9B	3.2B	3.1B	3.3B	3.2B
Property, plant & equipment	-932.1M	326.1M	-961.3M	-984.8M	-1B	281.5M	-1B	-1.1B	-1.1B	330.8M	-1.1B	-1.1B
Goodwill & intangibles	20.4B	20.6B	20.3B	20.4B	20.6B	20B	21.4B	21.7B	21.5B	21.6B	21.5B	21.3B
Total assets	14.2B	14.5B	14.6B	14.2B	14.5B	14.2B	15B	15.1B	15.4B	15.3B	15.5B	15.3B
Accounts payable	454.9M	384.7M	409M	399.7M	445.7M	416.4M	489.9M	450M	459.5M	486.6M	541.4M	492.3M
Short-term debt	450.1M	600.1M	600.2M	150.5M	150.1M	300K	200K	450.2M	450.2M	482.1M	450.1M	100K
Total current liabilities	1.7B	1.8B	1.8B	1.4B	1.5B	1.3B	1.4B	1.8B	1.8B	1.9B	1.9B	1.5B
Long-term debt	2.8B	2.6B	2.6B	2.6B	2.6B	2.6B	3B	2.2B	2.1B	2.2B	2B	2B
Total liabilities	5.5B	5.3B	5.3B	4.9B	4.9B	4.6B	5.1B	4.8B	4.8B	4.8B	4.8B	4.4B
Shareholders' equity	8.7B	9.2B	9.3B	9.3B	9.6B	9.6B	9.9B	10.4B	10.6B	10.5B	10.7B	10.9B
Total debt	3.2B	3.2B	3.2B	2.8B	2.8B	2.6B	3B	2.6B	2.5B	2.6B	2.5B	2B
Net debt	2.7B	2.6B	2.3B	2.4B	2.2B	2B	2.5B	2.3B	2B	2.3B	2B	1.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	190.9M	227.2M	333.8M	402.3M	401.9M	445.3M	788.9M	886.6M	820.7M	895.7M
Depreciation & amortization	87.3M	113M	113M	111.9M	116.2M	371.8M	332.2M	316.4M	309.9M	336.3M
Stock-based compensation	16.2M	18.8M	25.1M	30.7M	30M	33.9M	31.5M	32.3M	37.7M	39.6M
Change in working capital	-2M	-30.6M	-36.7M	-75.3M	27.3M	-63M	-260.6M	-404.7M	-110.8M	-89.4M
Operating cash flow	281.4M	321.7M	448.5M	465.1M	575.7M	818.5M	881.4M	829M	1.1B	1.2B
Capital expenditure	-87.6M	-58.5M	-86.8M	-88.4M	-71.4M	-101.6M	-92.6M	-114.9M	-83.7M	—
Investing cash flow	-151M	-831.2M	-88.6M	-571.9M	-99.4M	-3.8B	-175.4M	-190.3M	-207.2M	-820.6M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	—	—	—	—	—	—	-354M	-402.9M
Financing cash flow	-169.5M	389.2M	-308.5M	107.1M	-98.1M	2.8B	-133.6M	-696.9M	-983.7M	-440.2M
Net change in cash	-39.1M	-120.3M	51.4M	300K	378.2M	-224.1M	572.4M	-58.2M	-133.4M	-69.5M
Free cash flow	229.4M	316.2M	360.1M	393.7M	547.5M	723M	394.2M	721.2M	1.1B	1.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	198.8M	323.5M	179.1M	180.3M	262.2M	199.1M	188.8M	210.4M	220.9M	275.6M	226.8M	251.7M
Depreciation & amortization	76.9M	77.4M	78M	77.8M	76.9M	77.2M	80.7M	86.5M	84.5M	84.6M	87.2M	85.7M
Stock-based compensation	8M	8M	12M	9.3M	8.7M	7.7M	8.9M	11.3M	10.5M	8.9M	5.6M	13.9M
Change in working capital	-8.1M	-290M	33.9M	-11.2M	-109.5M	-24M	33.2M	-169.8M	4M	43.2M	-43.1M	-97M
Operating cash flow	283M	116M	314.3M	254.4M	238.4M	260M	302.9M	190.8M	321M	412.3M	291.3M	315.2M
Capital expenditure	-23M	-40.2M	-15.9M	-17.7M	-21.1M	-29M	-18M	-30.3M	—	—	—	—
Investing cash flow	-22.8M	-63M	-15.9M	-141.3M	-21.1M	-29M	-775M	-30.2M	-6.5M	-57.2M	-53.4M	0
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	—	—	—	-138.8M	-21.4M	—	—	0	-400M	—	—
Financing cash flow	-110.1M	-4M	-3M	-2.6M	-139.4M	-44.4M	-4.8M	-300K	-23.6M	-408.6M	-10.3M	-5.1M
Net change in cash	150.1M	49M	295.4M	110.5M	77.9M	186.6M	-476.9M	160.3M	290.9M	-53.5M	227.6M	310.1M
Free cash flow	255.2M	124.2M	275.1M	301M	228.7M	303.4M	224.6M	196.3M	313.9M	339.2M	204.3M	284.7M

Teledyne Technologies Incorporated Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement