Teledyne Technologies vs Zebra Technologies
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KIRA’s take AI analyst
I put Teledyne Technologies and Zebra Technologies side by side, using each one’s latest annual report. Here is what stands out:
- Teledyne Technologies is the larger business, with $6.1B of revenue in fiscal 2025 against $5.4B for Zebra Technologies.
- Teledyne Technologies kept more of each dollar of sales as operating profit (18.8% operating margin, against 13.0%).
- Teledyne Technologies turned more of its sales into free cash flow (17.6% FCF margin, against 15.4%).
- Zebra Technologies earned a higher return on the capital invested in it (9.7%, against 7.8%).
- Investors pay more for each dollar of Zebra Technologies’s earnings: a P/E of 35.1x against 29.5x for Teledyne Technologies.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
Teledyne Technologies
TDY
6/11
5-year growthOperating marginNet marginFCF marginPiotroski F-scoreNet debt / EBITDA
Zebra Technologies
ZBRA
5/11
Revenue growthGross marginReturn on capitalReturn on equityShare count change
Side by side
Best in the row
| Latest fiscal year | TDY FY25 | ZBRA FY25 |
|---|---|---|
| Size | ||
| Market cap | $30.3B | $18.5B |
| Revenue | $6.1B | $5.4B |
| Free cash flow | $1.1B | $831M |
| Net income | $895M | $419M |
| Growth | ||
| Revenue growth | 7.9% | 8.3% |
| 5-year growth | 14.7% | 3.9% |
| Share count change | −0.4% | −1.3% |
| Profitability | ||
| Gross margin | 42.8% | 48.1% |
| Operating margin | 18.8% | 13.0% |
| Net margin | 14.6% | 7.8% |
| FCF margin | 17.6% | 15.4% |
| Return on capital | 7.8% | 9.7% |
| Return on equity | 8.9% | 11.7% |
| Balance sheet | ||
| Net debt | $2.1B | $2.4B |
| Net debt / EBITDA | 1.4x | 2.7x |
| Dividends and buybacks | $403M | $587M |
| Valuation & quality | ||
| P/E | 29.5x | 35.1x |
| Piotroski F-score | 7 | 4 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.