Teledyne Technologies (TDY)
Information Technology · $28.4B market cap · SEC CIK 0001094285
fundamentals score out of 100
Next reports on Oct 19, 2026, before the open, with analysts expecting $6.21 in earnings per share.
The case for TDY
- Generated $1.1B of free cash flow in FY2025, 18% of revenue.
- Has compounded revenue at 14.7% a year over five years.
- Current assets cover the near-term bills 2.2 times over.
The case against
- Long-term debt of $2.0B against $352M of cash.
- Weakest against its peers: revenue growth of +7.9% is slower 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. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 62 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 56 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 47 |
| Momentumhow the price has behaved lately | 54 |
| Stabilityhow violently it moves, what it owes and what it pays you | 86 |
- Each factor except momentum is half fixed thresholds, half rank among the 73 Information Technology companies.
Key numbers
| Price / earnings | 29.1× |
|---|---|
| Price / book | 2.72× |
| Price / sales | 4.5× |
| Revenue growth (YoY) | +7.9% |
| EPS growth (YoY) | +13.9% |
| Gross margin | 43% |
| Operating margin | 20% |
| Net margin | 15% |
| Return on equity | 9% |
| Debt / equity | 0.19× |
| Current ratio | 2.18 |
| Dividend yield | none |
| Beta | 0.90 |
| 52-week range | $483.02 – $697.67 |
| Position in that range | 60% of the way up |
| 3-month return | -1.7% |
| 1-year return | +7.7% |
Five years of financials, as filed
Pulled from Teledyne Technologies's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $6.1B | $5.7B | $5.6B | $5.5B | $4.6B |
| Operating income | $1.1B | $989M | $1.0B | $972M | $624M |
| Net income | $895M | $819M | $886M | $789M | $445M |
| Operating cash flow | $1.2B | $1.2B | $836M | $487M | $825M |
| Capital expenditure | $117M | $83.7M | $115M | $92.6M | $102M |
| Total assets | $15.3B | $14.2B | $14.5B | $14.4B | $14.4B |
| Total liabilities | $4.8B | $4.6B | $5.3B | $6.2B | $6.8B |
| Shareholder equity | $10.5B | $9.5B | $9.2B | $8.2B | $7.6B |
| Cash | $352M | $650M | $648M | $638M | $475M |
| Long-term debt | $2.0B | $2.6B | $2.6B | $3.6B | $4.1B |
| Free cash flow | $1.1B | $1.1B | $721M | $394M | $723M |
| Operating margin | 18.8% | 17.4% | 18.4% | 17.8% | 13.5% |
| Net margin | 14.6% | 14.4% | 15.7% | 14.4% | 9.7% |
| Diluted shares | 47.4M | 47.6M | 47.9M | 47.7M | 44.3M |
Share count is up 7.0% over 4 years. Mild issuance.
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,…
Risk factors TDY lists in its 10-K
- Risks Related to our Business and Industry
- A possible recession in the United States or globally may adversely affect us
- Acquisitions and our ability to make acquisitions involve inherent risks that may adversely affect our operating results and financial condition
- Increased prices for components and raw materials used in our products and higher labor and shipping costs could adversely impact our profitability
- We have experienced component and raw material shortages in the past that impacted our ability to manufacture and ship all the product for which we have demand, and these constraints may continue in the future
- We may not have sufficient resources to fund all future research and development and capital expenditures
- We may be unable to successfully introduce new and enhanced products in a timely and cost-effective manner or increase our participation in new markets, which could harm our profitability and prospects
- Increasing competition could reduce the demand for our products and services
- Higher interest rates and other factors could cause our customers to reduce capital spending, which could adversely impact us
- Risks Related to International Operations
- We are subject to the risks associated with international sales and international operations, and events in those countries could harm our business or results of operations
- Escalating global trade tensions and the adoption or expansion of tariffs and trade restrictions could negatively impact us
- New and expanding economic sanctions and export restrictions could impact our ability to sell our products
- Global conflicts could lead to disruption, instability and volatility in global markets and industries that could negatively impact our operations