NYSE : TDY
Teledyne Technologies Incorporated — Financial statements
Technology · Scientific & Technical Instruments · United States
Last price 658.23 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 30.30B
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Financial statements
Teledyne Technologies Incorporated (TDY) reported revenue of 6.52B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.52B | 6.12B | 5.67B | 5.64B | 5.46B | 4.61B |
| Cost of Revenue | 3.68B | 3.50B | 3.24B | 3.20B | 3.13B | 2.67B |
| Gross Profit | 2.84B | 2.61B | 2.43B | 2.44B | 2.33B | 1.95B |
| Selling, General & Admin | 973.50M | 920.20M | 891.80M | 839.60M | 792.60M | 1.06B |
| Research & Development | 330.60M | 317.30M | 292.60M | 356.30M | 352.20M | |
| Amortization of Goodwill & Intangibles | 223.70M | 216.60M | 198.00M | 196.70M | 201.70M | 149.30M |
| Operating Expenses | 1.53B | 1.45B | 1.38B | 1.39B | 1.35B | 1.21B |
| Operating Income | 1.31B | 1.16B | 1.05B | 1.05B | 983.80M | 741.90M |
| Interest Expense | -48.50M | -59.60M | -57.90M | -77.30M | -89.30M | -90.80M |
| Currency Exchange Gain (Loss) | -16.70M | 37.80M | -20.90M | |||
| Other Non Operating Income (Expenses) | 3.40M | -59.40M | 16.80M | -12.20M | 3.40M | 2.50M |
| EBT Excluding Unusual Items | 1.25B | 1.08B | 990.40M | 957.30M | 897.90M | 653.60M |
| Merger & Restructuring Charges | -106.40M | |||||
| Asset Writedown | -52.50M | -400.00K | ||||
| Other Unusual Items | 4.50M | 15.00M | 1.60M | 10.60M | -13.40M | |
| Pretax Income | 1.27B | 1.09B | 937.90M | 958.90M | 908.10M | 533.80M |
| Income Tax Expense | 241.10M | 198.80M | 117.20M | 72.30M | 119.20M | 88.50M |
| Earnings From Continuing Operations | 1.03B | 895.70M | 820.70M | 886.60M | 788.90M | 445.30M |
| Minority Interest in Earnings | -900.00K | -1.50M | -900.00K | -300.00K | ||
| Net Income | 1.03B | 894.80M | 819.20M | 885.70M | 788.60M | 445.30M |
| Net Income to Common | 1.03B | 894.80M | 819.20M | 885.70M | 788.60M | 445.30M |
| Shares Outstanding (Basic) | 46.42M | 46.80M | 47.00M | 47.10M | 46.80M | 43.20M |
| Shares Outstanding (Diluted) | 47.02M | 47.40M | 47.60M | 47.90M | 47.70M | 44.30M |
| EPS (Basic) | 22.12 | 19.12 | 17.43 | 18.80 | 16.85 | 10.31 |
| EPS (Diluted) | 21.84 | 18.88 | 17.21 | 18.49 | 16.53 | 10.05 |
| Free Cash Flow | 1.15B | 1.07B | 1.11B | 721.20M | 394.20M | 723.00M |
| Free Cash Flow Per Share | 24.41 | 22.66 | 23.28 | 15.06 | 8.26 | 16.32 |
| Gross Margin | 43.60% | 42.76% | 42.94% | 43.29% | 42.69% | 42.21% |
| Operating Margin | 20.16% | 18.98% | 18.56% | 18.57% | 18.02% | 16.08% |
| Profit Margin | 15.75% | 14.63% | 14.45% | 15.72% | 14.45% | 9.65% |
| Free Cash Flow Margin | 17.60% | 17.56% | 19.55% | 12.80% | 7.22% | 15.67% |
| EBITDA | 1.66B | 1.50B | 1.36B | 1.36B | 1.32B | 1.11B |
| EBITDA Margin | 25.41% | 24.48% | 24.03% | 24.19% | 24.11% | 24.14% |
| D&A For EBITDA | 342.20M | 336.30M | 309.90M | 316.40M | 332.20M | 371.80M |
| EBIT | 1.31B | 1.16B | 1.05B | 1.05B | 983.80M | 741.90M |
| EBIT Margin | 20.16% | 18.98% | 18.56% | 18.57% | 18.02% | 16.08% |
| Effective Tax Rate | 19.01% | 18.16% | 12.50% | 7.54% | 13.13% | 16.58% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 562.40M | 352.40M | 649.80M | 648.30M | 638.10M | 474.70M |
| Trading Asset Securities | 700.00K | |||||
| Cash & Short-Term Investments | 562.40M | 352.40M | 649.80M | 648.30M | 638.80M | 474.70M |
| Accounts Receivable | 1.38B | 1.37B | 1.21B | 1.20B | 1.16B | 1.08B |
| Receivables | 1.38B | 1.37B | 1.21B | 1.20B | 1.16B | 1.08B |
| Inventory | 1.22B | 1.04B | 914.40M | 917.70M | 890.70M | 752.90M |
| Prepaid Expenses | 349.10M | 292.90M | 167.20M | 195.30M | 123.40M | 109.10M |
| Other Current Assets | 18.00M | 6.60M | 8.90M | |||
| Total Current Assets | 3.52B | 3.06B | 2.94B | 2.98B | 2.82B | 2.43B |
| Property, Plant & Equipment | 840.50M | 995.20M | 873.80M | 777.00M | 769.80M | 827.50M |
| Goodwill | 8.68B | 8.69B | 7.99B | 8.00B | 7.87B | 7.99B |
| Other Intangible Assets | 1.93B | 2.10B | 2.01B | 2.28B | 2.44B | 2.74B |
| Other Long-Term Assets | 602.20M | 446.80M | 378.70M | 488.60M | 452.70M | 445.10M |
| Total Assets | 15.56B | 15.29B | 14.20B | 14.53B | 14.35B | 14.43B |
| Accounts Payable | 520.40M | 486.60M | 416.40M | 384.70M | 505.70M | 469.50M |
| Accrued Expenses | 558.40M | 471.10M | 444.60M | 442.20M | 429.50M | 768.30M |
| Current Portion of Long-Term Debt | 100.00K | 450.10M | 300.00K | 600.10M | 300.10M | 1.20M |
| Current Portion of Leases | 32.00M | 30.20M | 30.10M | 29.40M | 28.30M | |
| Current Unearned Revenue | 445.70M | 369.60M | 312.60M | 241.10M | 187.60M | 186.00M |
| Other Current Liabilities | 50.70M | 57.50M | 67.90M | 71.10M | 45.10M | |
| Total Current Liabilities | 1.52B | 1.86B | 1.26B | 1.77B | 1.52B | 1.50B |
| Long-Term Debt | 2.03B | 2.03B | 2.65B | 2.64B | 3.62B | 4.10B |
| Long-Term Leases | 134.70M | 109.60M | 123.40M | 125.90M | 138.00M | |
| Long-Term Unearned Revenue | 34.30M | 33.60M | 30.50M | 25.50M | 20.20M | 25.30M |
| Pension & Post-Retirement Benefits | 60.00M | 58.80M | 57.80M | 50.20M | 67.20M | |
| Long-Term Deferred Tax Liabilities | 382.40M | 369.60M | 354.00M | 415.40M | 490.00M | 625.50M |
| Other Long-Term Liabilities | 460.60M | 288.10M | 181.90M | 269.10M | 350.90M | 354.40M |
| Total Liabilities | 4.43B | 4.77B | 4.65B | 5.30B | 6.18B | 6.81B |
| Common Stock | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K |
| Additional Paid-In Capital | 4.36B | 4.38B | 4.41B | 4.41B | 4.35B | 4.32B |
| Retained Earnings | 7.89B | 7.14B | 6.27B | 5.45B | 4.56B | 3.77B |
| Treasury Stock | -606.20M | -585.20M | -292.40M | -20.00M | -38.80M | |
| Comprehensive Income & Other | -511.70M | -425.40M | -839.90M | -634.10M | -726.50M | -430.00M |
| Total Common Equity | 11.14B | 10.51B | 9.55B | 9.22B | 8.17B | 7.62B |
| Minority Interest | 6.00M | 4.60M | 3.70M | |||
| Shareholders' Equity | 11.14B | 10.51B | 9.56B | 9.23B | 8.17B | 7.62B |
| Total Liabilities & Equity | 15.56B | 15.29B | 14.20B | 14.53B | 14.35B | 14.43B |
| Total Debt | 2.03B | 2.64B | 2.79B | 3.40B | 4.08B | 4.27B |
| Net Cash (Debt) | -1.47B | -2.29B | -2.14B | -2.75B | -3.44B | -3.79B |
| Net Cash Per Share | -31.16 | -48.31 | -44.94 | -57.41 | -72.06 | -85.60 |
| Filing Date Shares Outstanding | 46.04M | 46.31M | 46.83M | 47.38M | 47.00M | 47.19M |
| Total Common Shares Outstanding | 46.22M | 46.19M | 46.71M | 47.33M | 46.91M | 46.69M |
| Working Capital | 1.99B | 1.20B | 1.68B | 1.22B | 1.29B | 931.00M |
| Book Value Per Share | 240.94 | 227.64 | 204.45 | 194.82 | 174.14 | 163.24 |
| Tangible Book Value | 529.50M | -273.80M | -454.00M | -1.06B | -2.14B | -3.11B |
| Tangible Book Value Per Share | 11.46 | -5.93 | -9.72 | -22.39 | -45.71 | -66.53 |
| Land | 113.00M | 106.30M | 107.40M | 103.60M | 105.60M | |
| Buildings | 508.30M | 463.70M | 450.90M | 436.40M | 448.90M | |
| Machinery | 1.33B | 1.19B | 1.17B | 1.08B | 1.02B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.03B | 894.80M | 819.20M | 885.70M | 788.60M | 445.30M |
| Depreciation & Amortization | 342.20M | 336.30M | 309.90M | 316.40M | 332.20M | 371.80M |
| Asset Writedown & Restructuring Costs | 52.50M | 400.00K | ||||
| Stock-Based Compensation | 40.60M | 39.60M | 37.70M | 32.30M | 31.50M | 33.90M |
| Other Operating Activities | -15.00M | -14.10M | 1.50M | -700.00K | -10.30M | 41.70M |
| Change in Accounts Receivable | -54.10M | -36.60M | -22.80M | -21.70M | -87.90M | -158.90M |
| Change in Inventory | -177.00M | -42.80M | -10.40M | -14.30M | -155.20M | 7.00M |
| Change in Accounts Payable | 64.30M | 35.60M | 33.70M | -124.90M | 45.90M | 99.10M |
| Change in Other Net Operating Assets | 71.70M | 65.10M | 91.30M | -5.80M | -423.20M | 6.10M |
| Operating Cash Flow | 1.28B | 1.19B | 1.19B | 836.10M | 486.80M | 824.60M |
| Capital Expenditures | -133.00M | -117.30M | -83.70M | -114.90M | -92.60M | -101.60M |
| Cash Acquisitions | -110.60M | -821.40M | -123.70M | -77.70M | -99.60M | -3.72B |
| Other Investing Activities | -13.80M | 800.00K | 200.00K | 2.30M | 16.80M | 600.00K |
| Investing Cash Flow | -257.40M | -937.90M | -207.20M | -190.30M | -175.40M | -3.82B |
| Long-Term Debt Issued | 3.98B | |||||
| Long-Term Debt Repaid | -163.80M | -600.60M | -678.90M | -174.80M | -1.14B | |
| Net Debt Issued (Repaid) | -505.60M | -163.80M | -600.60M | -678.90M | -174.80M | 2.83B |
| Issuance of Common Stock | 37.70M | 48.80M | 37.90M | 45.40M | 23.60M | 25.40M |
| Repurchase of Common Stock | -497.70M | -402.90M | -354.00M | |||
| Other Financing Activities | -23.90M | -37.30M | -29.10M | -18.00M | 41.20M | -52.50M |
| Financing Cash Flow | -989.50M | -555.20M | -945.80M | -651.50M | -110.00M | 2.81B |
| Foreign Exchange Rate Adjustments | 4.40M | -37.40M | 15.90M | -38.00M | -5.80M | |
| Net Cash Flow | 33.80M | -297.40M | 1.50M | 10.20M | 163.40M | -198.40M |
| Free Cash Flow | 1.15B | 1.07B | 1.11B | 721.20M | 394.20M | 723.00M |
| Free Cash Flow Margin | 17.60% | 17.56% | 19.55% | 12.80% | 7.22% | 15.67% |
| Free Cash Flow Per Share | 24.41 | 22.66 | 23.28 | 15.06 | 8.26 | 16.32 |
| Levered Free Cash Flow | 953.88M | 686.29M | 1.02B | 628.94M | 331.76M | 612.94M |
| Unlevered Free Cash Flow | 984.19M | 723.54M | 1.06B | 677.25M | 387.57M | 669.69M |
| Cash Interest Paid | 71.30M | 71.30M | 73.40M | 87.90M | 79.30M | 117.20M |
| Cash Income Tax Paid | 213.20M | 313.00M | 212.40M | 83.60M | ||
| Change in Working Capital | -103.40M | -65.30M | -28.90M | -397.60M | -655.60M | -68.10M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 30.30B | 24.29B | 21.97B | 21.06B | 18.74B | 20.38B |
| Enterprise Value | 31.77B | 26.29B | 24.21B | 23.80B | 22.32B | 24.43B |
| Last Close Price | 658.23 | 517.35 | 471.44 | 446.29 | 399.91 | 436.89 |
| PE Ratio | 30.13 | 27.15 | 26.82 | 23.78 | 23.77 | 45.77 |
| Forward PE | 28.03 | 26.37 | 26.75 | 26.34 | 26.39 | 34.74 |
| PS Ratio | 4.65 | 3.97 | 3.88 | 3.74 | 3.43 | 4.42 |
| PB Ratio | 2.73 | 2.31 | 2.30 | 2.28 | 2.29 | 2.67 |
| P/FCF Ratio | 26.40 | 22.62 | 19.82 | 29.20 | 47.55 | 28.19 |
| P/OCF Ratio | 23.66 | 20.39 | 18.43 | 25.19 | 38.51 | 24.72 |
| PEG Ratio | 2.64 | 2.68 | 3.61 | 3.28 | 2.47 | 1.93 |
| EV/Sales Ratio | 4.87 | 4.30 | 4.27 | 4.22 | 4.09 | 5.29 |
| EV/EBITDA Ratio | 19.17 | 17.57 | 17.77 | 17.46 | 16.96 | 21.94 |
| EV/EBIT Ratio | 24.16 | 22.65 | 23.01 | 22.73 | 22.69 | 32.94 |
| EV/FCF Ratio | 27.68 | 24.48 | 21.85 | 33.00 | 56.62 | 33.80 |
| Debt / Equity Ratio | 0.18 | 0.25 | 0.29 | 0.37 | 0.50 | 0.56 |
| Debt / EBITDA Ratio | 1.19 | 1.71 | 1.98 | 2.41 | 2.98 | 3.70 |
| Debt / FCF Ratio | 1.77 | 2.46 | 2.52 | 4.71 | 10.34 | 5.90 |
| Net Debt / Equity Ratio | 0.13 | 0.22 | 0.22 | 0.30 | 0.42 | 0.50 |
| Net Debt / EBITDA Ratio | 0.88 | 1.53 | 1.57 | 2.02 | 2.61 | 3.40 |
| Net Debt / FCF Ratio | 1.28 | 2.13 | 1.93 | 3.81 | 8.72 | 5.25 |
| Asset Turnover | 0.42 | 0.41 | 0.40 | 0.39 | 0.38 | 0.47 |
| Inventory Turnover | 3.23 | 3.58 | 3.53 | 3.54 | 3.81 | 4.85 |
| Quick Ratio | 1.28 | 0.92 | 1.48 | 1.05 | 1.18 | 1.04 |
| Current Ratio | 2.31 | 1.64 | 2.33 | 1.69 | 1.85 | 1.62 |
| Return on Equity (ROE) | 9.47% | 8.93% | 8.74% | 10.19% | 9.99% | 8.21% |
| Return on Assets (ROA) | 5.31% | 4.92% | 4.58% | 4.53% | 4.27% | 4.75% |
| Return on Invested Capital (ROIC) | 8.45% | 7.75% | 7.78% | 8.21% | 7.42% | 8.39% |
| Return on Capital Employed (ROCE) | 9.40% | 8.60% | 8.10% | 8.20% | 7.70% | 5.70% |
| Earnings Yield | 3.32% | 3.68% | 3.73% | 4.21% | 4.21% | 2.19% |
| FCF Yield | 3.79% | 4.42% | 5.04% | 3.43% | 2.10% | 3.55% |
| Buyback Yield / Dilution | 0.74% | 0.42% | 0.63% | -0.42% | -7.67% | -16.89% |