Teledyne Technologies vs Vontier
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The short version
- Teledyne Technologies is the larger business, with $6.1B of revenue in fiscal 2025 against $3.1B for Vontier, about 2.0 times as much.
- Teledyne Technologies grew revenue faster (7.9%, against 3.2%).
- Teledyne Technologies kept more of each dollar of sales as operating profit (18.8% operating margin, against 18.3%).
- Teledyne Technologies turned more of its sales into free cash flow (17.6% FCF margin, against 14.3%).
- Vontier earned a higher return on the capital invested in it (15.8%, against 7.8%).
- Investors pay more for each dollar of Teledyne Technologies’s earnings: a P/E of 28.6x against 14.2x for Vontier.
| Latest fiscal year | TDY · FY25 | VNT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $29.3B | $4.8B |
| Revenue | $6.1B | $3.1B |
| Free cash flow | $1.1B | $441M |
| Net income | $895M | $406M |
| Growth | ||
| Revenue growth | 7.9% | 3.2% |
| 5-year growth | 14.7% | 2.6% |
| Share count change | −0.4% | −4.2% |
| Profitability | ||
| Gross margin | 42.8% | — |
| Operating margin | 18.8% | 18.3% |
| Net margin | 14.6% | 13.2% |
| FCF margin | 17.6% | 14.3% |
| Return on capital | 7.8% | 15.8% |
| Return on equity | 8.9% | 35.4% |
| Balance sheet | ||
| Net debt | $2.1B | $1.6B |
| Net debt / EBITDA | 1.4x | 2.6x |
| Dividends and buybacks | $403M | $315M |
| Valuation & quality | ||
| P/E | 28.6x | 14.2x |
| Piotroski F-score | 7 | 6 |
Revenue
FY16
TDY $2.1B
VNT —
FY17
TDY $2.6B
VNT —
FY18
TDY $2.9B
VNT $2.7B
FY19
TDY $3.2B
VNT $2.8B
FY20
TDY $3.1B
VNT $2.7B
FY21
TDY $4.6B
VNT $3.0B
FY22
TDY $5.5B
VNT $3.2B
FY23
TDY $5.6B
VNT $3.1B
FY24
TDY $5.7B
VNT $3.0B
FY25
TDY $6.1B
VNT $3.1B
TDY
VNT
Operating margin
FY16
TDY 11.2%
VNT —
FY17
TDY 12.4%
VNT —
FY18
TDY 14.4%
VNT 18.7%
FY19
TDY 15.5%
VNT 20.3%
FY20
TDY 15.6%
VNT 17.3%
FY21
TDY 13.5%
VNT 19.5%
FY22
TDY 17.8%
VNT 18.2%
FY23
TDY 18.4%
VNT 17.6%
FY24
TDY 17.4%
VNT 18.0%
FY25
TDY 18.8%
VNT 18.3%
TDY
VNT
Free cash flow
FY16
TDY $229M
VNT —
FY17
TDY $316M
VNT —
FY18
TDY $360M
VNT $379M
FY19
TDY $394M
VNT $507M
FY20
TDY $548M
VNT $656M
FY21
TDY $723M
VNT $433M
FY22
TDY $394M
VNT $261M
FY23
TDY $721M
VNT $395M
FY24
TDY $1.1B
VNT $345M
FY25
TDY $1.1B
VNT $441M
TDY
VNT
Return on capital
FY16
TDY 9.6%
VNT —
FY17
TDY 10.4%
VNT —
FY18
TDY 12.2%
VNT —
FY19
TDY 13.5%
VNT —
FY20
TDY 12.3%
VNT 20.1%
FY21
TDY 7.1%
VNT 21.4%
FY22
TDY 7.4%
VNT 15.8%
FY23
TDY 8.2%
VNT 14.6%
FY24
TDY 7.4%
VNT 16.0%
FY25
TDY 7.8%
VNT 15.8%
TDY
VNT
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.