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Teledyne Technologies

TDY NYSE Electronic Equipment & Instruments Financials FY2016–FY2025

Teledyne Technologies' revenue rose 7.9% to $6.1 billion in fiscal 2025. Its operating margin was 18.8%, up from 17.4% a year earlier. Free cash flow was $1.1 billion, down 3.1%. It paid out $403 million in dividends and buybacks, 38% of free cash flow. The diluted share count fell 0.4%.

Last close · Oct 23, 2026

$625.41

0.8%
Value it Compare
Revenue Total sales reported in the income statement.
$6.1B
7.9% vs prior year
Operating margin Operating income as a share of revenue.
18.8%
1.4 pts
Net income Profit after all expenses, interest and tax.
$895M
9.2%
Free cash flow Cash from operations minus capital spending.
$1.1B
3.1%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
7.8%
0.4 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$29.3B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
28.6x
On $21.86 EPS (TTM)

What Teledyne Technologies does

No business description yet.

Legal name
TELEDYNE TECHNOLOGIES INC
Fiscal year ends
December 28, 2025
Latest annual report
—
Accession · CIK
0001094285-26-000017
0001094285

Revenue and margins

Teledyne Technologies had $6.1B of revenue in fiscal 2025, up 7.9% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 15.0% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.1B in fiscal 2025, 17.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Teledyne Technologies returned $403M to shareholders in fiscal 2025, 38% of free cash flow. The diluted share count fell 0.4%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Teledyne Technologies yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$2.1B and divides by 47.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 28.6x · peers 26.7x · sector 33.5x.

Balance sheet

Cash, debt and the ratios that show how comfortably Teledyne Technologies can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $475M$638M$648M$650M$352M
Debt incl. finance leases $4.1B$3.9B$3.2B$2.6B$2.5B
Net debt / EBITDA 3.6x2.5x1.9x1.5x1.4x
Debt / equity 0.5x0.5x0.4x0.3x0.2x
Interest coverage 6.9x10.9x13.4x17.1x19.3x
Current ratio 1.6x1.9x1.7x2.3x1.6x
Quick ratio 1.1x1.3x1.2x1.6x1.1x
Total assets $14.4B$14.4B$14.5B$14.2B$15.3B
Total liabilities $6.8B$6.2B$5.3B$4.6B$4.8B
Shareholders' equity $7.6B$8.2B$9.2B$9.5B$10.5B
Net debt (− = net cash) $3.6B$3.3B$2.6B$2.0B$2.1B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$11.9M

4 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 12, 2026 Schack Wesley W VonDirector Sold 468 $686.63 $0.3M Form 4
Aug 12, 2026 Simon M LorneDirector Sold 6,449 $680.35 $4.4M Form 4
Feb 3, 2026 Jason VanWeesVice Chairman Sold 7,500 $630.77 $4.7M Form 4
Jan 29, 2026 Michael T SmithDirector Sold 2,469 $621.00 $1.5M Form 4
Jan 28, 2026 Michael T SmithDirector Sold 1,531 $621.00 $1.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✕ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✕ ✓ ✓
Gross margin rose ✓ ✕ ✕
Revenue rose relative to assets ✓ ✕ ✓
F-score 6 / 96 / 97 / 9
Accruals ratio 0.3%−2.6%−2.0%
Altman Z'' 4.084.844.86

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Teledyne Technologies TDY $29.3B 7.9% 18.8% 17.6% 7.8% 28.6x 7
Zebra Technologies ZBRA $18.6B 8.3% 13.0% 15.4% 9.7% 35.3x 4 Compare →
Keysight Technologies KEYS $54.5B 8.0% 16.3% 23.8% 12.1% 43.1x 6 Compare →
Roper Technologies ROP $44.1B 12.3% 28.3% 31.6% 6.4% 18.2x 5 Compare →
Vontier VNT $4.8B 3.2% 18.3% 14.3% 15.8% 14.2x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $2.1B $2.6B $2.9B $3.2B $3.1B $4.6B $5.5B $5.6B $5.7B $6.1B
Gross profit $820M $980M $1.1B $1.2B $1.2B $1.8B $2.3B $2.4B $2.4B $2.6B
Research and development — — — — — — $352M $356M $293M $317M
Operating income $241M $322M $417M $492M $480M $624M $972M $1.0B $989M $1.1B
Interest expense $23.6M $35.5M $29.2M $21.0M $15.3M $90.8M $89.3M $77.3M $57.9M $59.6M
Pretax income $241M $287M $394M $474M $470M $534M $908M $959M $938M $1.1B
Income tax $50.4M $59.8M $60.1M $71.4M $67.8M $88.5M $119M $72.3M $117M $199M
Net income $191M $227M $334M $402M $402M $445M $789M $886M $819M $895M
Diluted EPS $5.37 $6.26 $9.01 $10.73 $10.62 $10.05 $16.53 $18.49 $17.21 $18.88
Diluted shares 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B 0.05B 0.05B 0.05B 0.05B
Cash flow
Cash from operations $317M $375M $447M $482M $619M $825M $487M $836M $1.2B $1.2B
Capital expenditure $87.6M $58.5M $86.8M $88.4M $71.4M $102M $92.6M $115M $83.7M $117M
Free cash flow $229M $316M $360M $394M $548M $723M $394M $721M $1.1B $1.1B
Depreciation and amortization $87.3M $113M $113M $112M $116M $372M $332M $316M $310M $336M
Acquisitions $0.0M $0.0M $3.1M $484M $29.0M $3.7B $99.6M $77.7M $124M $821M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $354M $403M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $354M $403M
Balance sheet
Cash and short-term investments $98.6M $70.9M $143M $200M $673M $475M $638M $648M $650M $352M
Total debt $510M $1.1B $748M $851M $779M $4.1B $3.9B $3.2B $2.6B $2.5B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $846M $1.0B $1.1B $1.3B $1.7B $2.4B $2.8B $3.0B $2.9B $3.1B
Current liabilities $502M $541M $721M $763M $761M $1.5B $1.5B $1.8B $1.3B $1.9B
Inventory $314M $400M $364M $393M $347M $753M $891M $918M $914M $1.0B
Property and equipment, net $341M $443M $443M $488M $489M $828M $770M $777M $745M $839M
Total assets $2.8B $3.8B $3.8B $4.6B $5.1B $14.4B $14.4B $14.5B $14.2B $15.3B
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 $9.5B $10.5B
Margins
Gross margin 38.2% 37.6% 38.3% 39.3% 38.3% 39.9% 42.7% 43.3% 42.9% 42.8%
Operating margin 11.2% 12.4% 14.4% 15.5% 15.6% 13.5% 17.8% 18.4% 17.4% 18.8%
EBITDA margin 15.3% 16.7% 18.3% 19.1% 19.3% 21.6% 23.9% 24.0% 22.9% 24.3%
Net margin 8.9% 8.7% 11.5% 12.7% 13.0% 9.7% 14.5% 15.7% 14.5% 14.6%
FCF margin 10.7% 12.1% 12.4% 12.4% 17.7% 15.7% 7.2% 12.8% 19.5% 17.6%
Returns
Return on capital 9.6% 10.4% 12.2% 13.5% 12.3% 7.1% 7.4% 8.2% 7.4% 7.8%
Return on capital employed 10.5% 11.5% 13.0% 14.2% 11.8% 7.2% 7.6% 8.1% 7.7% 8.7%
Return on equity 13.2% 13.0% 16.0% 16.3% 13.5% 8.2% 10.0% 10.2% 8.7% 8.9%
Return on assets 7.0% 6.9% 8.7% 9.6% 8.3% 4.6% 5.5% 6.1% 5.7% 6.1%
Growth
Revenue growth 110.7% 21.1% 11.4% 9.0% −2.5% 49.5% 18.3% 3.2% 0.6% 7.9%
Net income growth −2.5% 19.0% 46.9% 20.5% −0.1% 10.8% 77.1% 12.3% −7.5% 9.2%
EPS growth −1.3% 16.6% 43.9% 19.1% −1.0% −5.4% 64.5% 11.9% −6.9% 9.7%
FCF growth 40.6% 37.8% 13.9% 9.3% 39.1% 32.1% −45.5% 83.0% 53.7% −3.1%
Share count change −1.4% 2.3% 1.9% 1.4% 1.1% 16.9% 7.7% 0.4% −0.6% −0.4%
Financial health
Net debt / EBITDA 1.3x 2.3x 1.1x 1.1x 0.2x 3.6x 2.5x 1.9x 1.5x 1.4x
Debt / equity 0.3x 0.6x 0.3x 0.3x 0.2x 0.5x 0.5x 0.4x 0.3x 0.2x
Interest coverage 10.2x 9.1x 14.3x 23.4x 31.4x 6.9x 10.9x 13.4x 17.1x 19.3x
Current ratio 1.7x 1.9x 1.6x 1.7x 2.3x 1.6x 1.9x 1.7x 2.3x 1.6x
Quick ratio 1.1x 1.1x 1.0x 1.2x 1.8x 1.1x 1.3x 1.2x 1.6x 1.1x
Capital allocation
Capex / revenue 4.1% 2.3% 3.0% 2.8% 2.3% 2.2% 1.7% 2.0% 1.5% 1.9%
Payouts / FCF 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 31.9% 37.5%
Quality scores
Piotroski F-score 8.0 6.0 6.0 7.0 5.0 5.0 5.0 6.0 6.0 7.0
Altman Z'' 5.0 4.3 5.1 5.1 5.8 2.7 3.5 4.1 4.8 4.9
Accruals ratio −4.6% −4.5% −3.0% −1.9% −4.5% −3.9% 2.1% 0.3% −2.6% −2.0%

Source: SEC EDGAR XBRL filings (CIK 0001094285). Data updated October 23, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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