Financials

Teledyne Technologies Incorporated financials

TDY Aerospace and Defense

Teledyne Technologies Incorporated, founded in 1960 and headquartered in Thousand Oaks, California, delivers advanced instrumentation, aerospace, and digital imaging solutions across diverse high-technology markets. The company generates revenue through long-term contracts and niche product offerings, emphasizing robust R&D and engineering excellence. Under the leadership of CEO Robert Mehrabian since 2014, Teledyne’s flagship products—like its precision sensor and imaging systems—cater to critical industrial and defense applications. With strategic investments in next-generation technologies and global expansion, the company is well-positioned for sustained growth.

Snapshot

Teledyne Technologies Incorporated reported $6.12B in revenue in fiscal 2025, up 7.9% year over year, with an operating margin of 18.8%.

Revenue (FY2025): $6.12B
YoY growth: +7.9%
Operating margin: 18.8%
Direction: Expanding

Financial statements

In thousands, USD · annual

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	6,115,400	5,670,000	5,635,500	5,458,600
Cost of Sales	3,500,600	3,235,200	3,196,100	3,128,300
Gross Profit	2,614,800	2,434,800	2,439,400	2,330,300
Selling, General & Administrative Expenses	931,100	902,600	852,000	804,000
Depreciation & Amortization Expenses	216,600	198,000	196,700	201,700
Research & Development Expenses	317,300	292,600	356,300	352,200
Other Operating Expenses	—	52,500	—	400
Operating Profit	1,149,800	989,100	1,034,400	972,000
Interest Expense	(59,600)	(57,900)	(77,300)	(89,300)
Non-Operating Income	4,300	6,700	1,800	25,400
Total Non-Operating Income	(55,300)	(51,200)	(75,500)	(63,900)
Income Before Provision for Income Taxes	1,094,500	937,900	958,900	908,100
Provision for Income Taxes	198,800	117,200	72,300	119,200
Consolidated Net Income	895,700	820,700	886,600	788,900
Net Income Attributable to Minority Interests and Other	900	1,500	900	300
Net Income Attributable to Common Shareholders	894,800	819,200	885,700	788,600
Basic EPS	19.12	17.43	18.80	16.85
Diluted EPS	18.88	17.21	18.49	16.53
Basic Weighted Average Shares Outstanding	46,800	47,000	47,100	46,800
Diluted Weighted Average Shares Outstanding	47,400	47,600	47,900	47,700
Shares Outstanding	46,186	46,707	47,332	46,913

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	352,400	649,800	648,300	638,100
Total Cash and Cash Equivalents	352,400	649,800	648,300	638,100
Accounts Receivable	1,367,000	1,213,200	1,202,100	1,158,400
Total Trade Receivables	1,367,000	1,213,200	1,202,100	1,158,400
Inventories	1,043,300	914,400	917,700	890,700
Other Current Assets	292,900	167,200	213,300	130,700
Total Current Assets	3,055,600	2,944,600	2,981,400	2,817,900
Net Property, Plant & Equipment	839,100	745,200	777,000	769,800
Net Intangible Assets	2,100,100	2,012,900	2,278,100	2,440,600
Goodwill	8,687,600	7,990,500	8,002,800	7,873,000
Other Long-Term Assets	602,900	507,300	488,600	452,700
Total Assets	15,285,300	14,200,500	14,527,900	14,354,000
Accounts Payable	486,600	416,400	384,700	505,700
Accrued Expenses	923,400	844,900	781,300	717,600
Current Portion of Long-Term Debt	450,100	300	600,100	300,100
Total Current Liabilities	1,860,100	1,261,600	1,766,100	1,523,400
Long-Term Debt	2,025,300	2,648,700	2,644,800	3,620,500
Other Long-Term Liabilities	369,600	734,800	891,200	1,037,200
Total Long-Term Liabilities	2,394,900	3,383,500	3,536,000	4,657,700
Total Liabilities	4,771,400	4,645,100	5,302,100	6,181,100
Common Stock	500	500	500	500
Treasury Stock	(585,200)	(292,400)	—	(20,000)
Additional Paid-in Capital	4,383,200	4,414,500	4,407,300	4,353,400
Accumulated Other Comprehensive Income	(425,400)	(839,900)	(634,100)	(726,500)
Retained Earnings	7,140,800	6,266,700	5,447,500	4,561,800
Total Common Shareholders' Equity	10,513,900	9,549,400	9,221,200	8,169,200
Minority Interests and Other	—	6,000	4,600	3,700
Total Shareholders' Equity	10,513,900	9,549,400	9,221,200	8,169,200
Total Liabilities and Shareholders' Equity	15,285,300	14,200,500	14,527,900	14,354,000

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	895,700	820,700	886,600	788,900
Depreciation & Amortization	336,300	309,900	316,400	332,200
Share-Based Compensation Expense	39,600	37,700	32,300	31,500
Other Adjustments	(15,000)	52,500	(1,600)	(10,200)
Changes in Trade Receivables	(36,600)	(22,800)	(21,700)	(87,900)
Changes in Inventories	(42,800)	(10,400)	(14,300)	(155,200)
Changes in Accounts Payable	35,600	33,700	(124,900)	45,900
Changes in Accrued Expenses	71,200	89,400	49,700	(344,200)
Changes in Income Taxes Payable	(86,600)	(120,700)	(230,900)	(35,200)
Changes in Other Operating Activities	(6,100)	1,900	(55,500)	(79,000)
Cash from Operating Activities	1,191,300	1,191,900	836,100	486,800
Capital Expenditure	(117,300)	(83,700)	(114,900)	(92,600)
Payments for Business Acquisitions	(821,400)	(123,700)	(77,700)	(99,600)
Other Investing Activities	800	200	2,300	16,800
Cash from Investing Activities	(937,900)	(207,200)	(190,300)	(175,400)
Issuance of Short-Term Debt	—	(125,000)	—	—
Net Issuance / (Repayments) of Short-Term Debt	—	(125,000)	—	—
Issuance of Long-Term Debt	(163,800)	(600,600)	(553,900)	—
Repayments of Long-Term Debt	—	—	—	(174,800)
Net Issuance / (Repayments) of Long-Term Debt	(163,800)	(600,600)	(553,900)	(174,800)
Issuance of Common Shares	48,800	37,900	45,400	23,600
Repurchases of Common Shares	(402,900)	(354,000)	—	—
Net Issuance / (Repurchases) of Common Shares	(354,100)	(316,100)	45,400	23,600
Other Financing Activities	(37,300)	(29,100)	(18,000)	41,200
Cash from Financing Activities	(555,200)	(945,800)	(651,500)	(110,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4,400	(37,400)	15,900	(38,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	(297,400)	1,500	10,200	163,400

Key metrics

latest fiscal year

$23.89B

Market Cap

27.40x

P/E

3.91x

P/S

17.51x

EV/EBITDA

8.9%

Return on Equity

7.3%

Return on Invested Capital

1.64x

Current Ratio

17.6%

Free Cash Flow Margin

Quarterly trend

last 8 quarters

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2026	$1.56B	+7.6%	18.9%	$294M
Q4 2025	$1.61B	+7.3%	20.4%	$330M
Q3 2025	$1.54B	+6.7%	18.4%	$283M
Q2 2025	$1.51B	+10.2%	18.4%	$278M
Q1 2025	$1.45B	—	17.9%	$259M
Q4 2024	$1.50B	—	15.8%	$237M
Q3 2024	$1.44B	—	18.8%	$271M
Q2 2024	$1.37B	—	18.0%	$247M

Revenue by quarter$B

$1.37B

Q2 '24

$1.44B

Q3 '24

$1.50B

Q4 '24

$1.45B

Q1 '25

$1.51B

Q2 '25

$1.54B

Q3 '25

$1.61B

Q4 '25

$1.56B

Q1 '26

Margins

latest fiscal year

42.8%

Gross margin

18.8%

Operating margin

14.6%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-16

Snapshot

Financial statements

Key metrics

Quarterly trend

Margins

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