Teledyne Technologies (TDY)
Information Technology · $29.5B market cap · SEC CIK 0001094285
ahead of 59% of the S&P 500 · #34 of 73 in Information Technology
Next reports on Apr 19, 2027, with analysts expecting $6.29 in earnings per share.
52-week range $483.02 to $697.67. 7% below its 52-week high and 34% above its low.
The case for TDY
- Generated $1.1B of free cash flow in FY2025, 18% of revenue.
- Revenue growing 8.6% year over year.
- Earnings per share up 26.6%.
- Has compounded revenue at 14.7% a year over five years.
- Current assets cover the near-term bills 2.3 times over.
The case against
- Long-term debt of $2.0B against $352M of cash.
- Weakest against its peers: return on equity of 9% is lower than 82% of Information Technology companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Information Technology companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings and cash, against the growth you get | 50 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 59 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 46 |
| Momentumhow the price has behaved lately | 62 |
| Stabilityhow violently it moves, what it owes and what it pays you | 87 |
- Each factor except momentum is half fixed thresholds, half rank among the 73 Information Technology companies.
The financials
Revenue growth
Is the business growing? Yes
| Last 12 months | +8.6% |
|---|---|
| Over 5 years | +14.7% a year |
| FY2025 revenue | $6.1B (+8%) |
Free cash flow
Is it generating real cash? Yes, plenty
| FY2025 free cash flow | $1.1B |
|---|---|
| Of revenue | 18% |
| Of profit | 120% |
Profit margins
Is profitability improving? Yes, improving
| Gross margin | 44% |
|---|---|
| Operating margin | 20% |
| Net margin, FY24 → FY25 → now | 14.4% → 14.6% → 15.8% |
Debt vs. cash
Is the balance sheet healthy? Yes, the debt is manageable
| Cash | $352M |
|---|---|
| Long-term debt | $2.0B |
| Net debt | $1.7B |
| Years to repay | 1.7 yrs |
Valuation
Is the stock price reasonable? Yes, about fair
| P/E | 28.7× |
|---|---|
| Fair P/E for its growth | 26× |
| P/FCF | 27.5× |
| Forward P/E | 25.3× |
| EV / EBITDA | 20.1× |
At 28.7× earnings it trades close to the 26× that 12% a year of growth would justify. At 27.5× free cash flow it trades close to that same mark.
The financials, five years deep
Pulled from Teledyne Technologies's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue growth | |||||
| Revenue | $6.1B | $5.7B | $5.6B | $5.5B | $4.6B |
| Change on the year | +8% | +1% | +3% | +18% | — |
| Free cash flow | |||||
| Free cash flow | $1.1B | $1.1B | $721M | $394M | $723M |
| Of revenue | 18% | 20% | 13% | 7% | 16% |
| Profit margins | |||||
| Operating margin | 18.8% | 17.4% | 18.4% | 17.8% | 13.5% |
| Net margin | 14.6% | 14.4% | 15.7% | 14.4% | 9.7% |
| Debt vs. cash | |||||
| Cash | $352M | $650M | $648M | $638M | $475M |
| Long-term debt | $2.0B | $2.6B | $2.6B | $3.6B | $4.1B |
| Net cash (debt) | −$1.7B | −$2.0B | −$2.0B | −$3.0B | −$3.6B |
What Teledyne Technologies says it does
Who We Are Teledyne Technologies Incorporated is a Delaware corporation that provides enabling technologies to sense, analyze and distribute information for industrial growth markets that require advanced technology and high reliability. These markets include aerospace and defense, factory automation, air and water quality environmental monitoring, electronics design and development, oceanographic research, deepwater oil and gas exploration and production, medical imaging and pharmaceutical research. Our products include digital imaging sensors, cameras and systems within the visible, infrared and X-ray spectra, monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, electronic test and measurement equipment, aircraft information management systems, and defense electronics and satellite communication subsystems. We also supply engineered systems for defense, space,…