TELEDYNE TECHNOLOGIES INC TDY
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, environmental and energy applications. We believe our technological capabilities, innovation and ability to invest in the development of new and enhanced products are critical to obtaining and maintaining leadership in our markets and the industries in which we compete. We became an independent public company effective November 29, 1999.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.12B | $5.67B | $5.64B | $5.46B | $4.61B | $3.09B | $3.16B | $2.90B | $2.60B | $2.15B |
| Cost of revenue | $3.50B | $3.24B | $3.20B | $3.13B | $2.77B | $1.91B | $1.92B | $1.79B | $1.62B | $1.33B |
| Gross profit | $2.61B | $2.43B | $2.44B | $2.33B | $1.84B | $1.18B | $1.24B | $1.11B | $979.8M | $820.4M |
| R&D | $317.3M | $292.6M | $356.3M | $352.2M | — | — | — | — | — | — |
| SG&A | $931.1M | $902.6M | $852.0M | $804.0M | $1.07B | $662.0M | $715.1M | $694.2M | $658.1M | $579.9M |
| Total operating expenses | $4.97B | $4.68B | $4.60B | $4.49B | $3.99B | $2.61B | $2.67B | $2.49B | $2.28B | $1.91B |
| Operating income | $1.15B | $989.1M | $1.03B | $972.0M | $624.3M | $480.1M | $491.7M | $416.6M | $321.7M | $240.5M |
| Interest expense | $59.6M | $57.9M | $77.3M | $89.3M | $90.8M | $15.3M | $21.0M | — | — | — |
| Pre-tax income | $1.09B | $937.9M | $958.9M | $908.1M | $533.8M | $469.7M | $473.7M | $393.9M | $287.0M | $241.3M |
| Income tax | $198.8M | $117.2M | $72.3M | $119.2M | $88.5M | $67.8M | $71.4M | $60.1M | $59.8M | $50.4M |
| Net income | $894.8M | $819.2M | $885.7M | $788.6M | $445.3M | $401.9M | $402.3M | $333.8M | $227.2M | $190.9M |
| EPS, basic | 19.12 | 17.43 | 18.80 | 16.85 | 10.31 | 10.95 | 11.08 | 9.32 | 6.45 | 5.52 |
| EPS, diluted | 18.88 | 17.21 | 18.49 | 16.53 | 10.05 | 10.62 | 10.73 | 9.01 | 6.26 | 5.37 |
| Shares, diluted (wtd. avg.) | $47.4M | $47.6M | $47.9M | $47.7M | $44.3M | $37.9M | $37.5M | $37.0M | $36.3M | $35.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $352.4M | $649.8M | $648.3M | $638.1M | $474.7M | $673.1M | $199.5M | $142.5M | $70.9M | $98.6M |
| Receivables | $992.4M | $901.1M | $899.7M | $883.7M | $767.7M | $402.0M | — | $416.5M | $389.3M | $383.7M |
| Inventory | $1.04B | $914.4M | $917.7M | $890.7M | $752.9M | $347.3M | $393.4M | $364.3M | $400.2M | $314.2M |
| Total current assets | $3.06B | $2.94B | $2.98B | $2.82B | $2.43B | $1.72B | $1.31B | $1.11B | $1.01B | $846.2M |
| Property, plant and equipment | $839.1M | $745.2M | $777.0M | $769.8M | $827.5M | $489.3M | $487.9M | $442.6M | $442.8M | $340.8M |
| Goodwill | $8.69B | $7.99B | $8.00B | $7.87B | $7.99B | $2.15B | $2.05B | $1.74B | $1.78B | $1.19B |
| Other intangibles | $2.10B | $2.01B | $2.28B | $2.44B | $2.74B | $409.7M | $267.3M | $192.8M | $242.4M | $132.3M |
| Total assets | $15.29B | $14.20B | $14.53B | $14.35B | $14.43B | $5.08B | $4.58B | $3.81B | $3.85B | $2.77B |
| Accounts payable | $486.6M | $416.4M | $384.7M | $505.7M | $469.5M | $229.1M | $271.1M | $227.8M | $191.7M | $138.8M |
| Short-term debt | $450.1M | $300.0K | $600.1M | $300.1M | $0 | $97.6M | $100.6M | $137.4M | — | $102.0M |
| Total current liabilities | $1.86B | $1.26B | $1.77B | $1.52B | $1.50B | $760.9M | $763.2M | $720.8M | $540.6M | $501.8M |
| Long-term debt | $2.03B | $2.65B | $2.64B | $3.62B | $4.10B | $680.9M | $750.0M | $610.1M | $1.06B | $509.7M |
| Total liabilities | $4.77B | $4.65B | $5.30B | $6.18B | $6.81B | $1.86B | $1.87B | $1.58B | $1.90B | $1.22B |
| Retained earnings | $7.14B | $6.27B | $5.45B | $4.56B | $3.77B | $3.33B | $2.93B | $2.52B | $2.14B | $1.91B |
| Total equity | $10.51B | $9.55B | $9.22B | $8.17B | $7.62B | $3.23B | $2.71B | $2.23B | $1.95B | $1.55B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.19B | $1.19B | $836.1M | $486.8M | $824.6M | $618.9M | $482.1M | $446.9M | $374.7M | $317.0M |
| Depreciation and amortisation | $119.2M | $111.3M | $119.1M | $129.8M | $115.2M | $76.6M | $74.5M | $73.5M | $65.9M | $57.6M |
| Capital expenditure | $117.3M | $83.7M | $114.9M | $92.6M | $101.6M | $71.4M | $88.4M | $86.8M | $58.5M | $87.6M |
| Investing cash flow | -$937.9M | -$207.2M | -$190.3M | -$175.4M | -$3.82B | -$99.4M | -$571.9M | -$88.6M | -$831.2M | -$151.0M |
| Financing cash flow | -$555.2M | -$945.8M | -$651.5M | -$110.0M | $2.81B | -$61.8M | $141.7M | -$271.3M | $414.1M | -$145.0M |
| Buybacks | $402.9M | $354.0M | $0 | $0 | — | $0 | $0 | $0 | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001094285-26-000017.
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