Teledyne Tech Financials
This page shows Teledyne Tech (TDY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Teledyne Tech has an operating margin of 17.4%, meaning the company retains $17 of operating profit per $100 of revenue. This strong profitability earns a score of 87/100, reflecting efficient cost management and pricing power. This is down from 18.4% the prior year.
Teledyne Tech's revenue grew a modest 0.6% year-over-year to $5.7B. This slow but positive growth earns a score of 30/100.
Teledyne Tech carries a low D/E ratio of 0.28, meaning only $0.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.33, Teledyne Tech holds $2.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.
Teledyne Tech converts 19.5% of revenue into free cash flow ($1.1B). This strong cash generation earns a score of 98/100.
Teledyne Tech's ROE of 8.6% shows moderate profitability relative to equity, earning a score of 34/100. This is down from 9.6% the prior year.
Teledyne Tech scores 5.41, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($31.1B) relative to total liabilities ($4.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Teledyne Tech passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Teledyne Tech generates $1.45 in operating cash flow ($1.2B OCF vs $819.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Teledyne Tech earns $17.1 in operating income for every $1 of interest expense ($989.1M vs $57.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Teledyne Tech generated $5.7B in revenue in fiscal year 2024. This represents an increase of 0.6% from the prior year.
Teledyne Tech's EBITDA was $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.8% from the prior year.
Teledyne Tech generated $1.1B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 53.7% from the prior year.
Teledyne Tech reported $819.2M in net income in fiscal year 2024. This represents a decrease of 7.5% from the prior year.
Teledyne Tech earned $17.21 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 6.9% from the prior year.
Teledyne Tech held $649.8M in cash against $2.6B in long-term debt as of fiscal year 2024.
Teledyne Tech had 47M shares outstanding in fiscal year 2024. This represents a decrease of 1.1% from the prior year.
Teledyne Tech's gross margin was 42.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Teledyne Tech's operating margin was 17.4% in fiscal year 2024, reflecting core business profitability. This is down 0.9 percentage points from the prior year.
Teledyne Tech's net profit margin was 14.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.
Teledyne Tech's ROE was 8.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.
Teledyne Tech invested $292.6M in research and development in fiscal year 2024. This represents a decrease of 17.9% from the prior year.
Teledyne Tech spent $354.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Teledyne Tech invested $83.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 27.2% from the prior year.
TDY Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B+1.7% | $1.5B+4.4% | $1.4B-3.5% | $1.5B+9.3% | $1.4B+1.8% | $1.4B-5.3% | $1.4B+1.6% | $1.4B |
| Cost of Revenue | $880.0M+1.3% | $869.1M+4.7% | $830.4M-3.4% | $859.6M+10.0% | $781.5M+1.5% | $770.2M-4.0% | $801.9M+0.6% | $797.2M |
| Gross Profit | $659.5M+2.3% | $644.6M+4.1% | $619.5M-3.6% | $642.7M+8.5% | $592.6M+2.2% | $579.9M-6.9% | $623.1M+2.9% | $605.3M |
| R&D Expenses | $83.4M+1.2% | $82.4M+10.9% | $74.3M+4.1% | $71.4M-0.4% | $71.7M-6.3% | $76.5M | N/A | N/A |
| SG&A Expenses | $238.2M+3.8% | $229.4M-1.9% | $233.9M+0.8% | $232.0M+3.2% | $224.8M+2.3% | $219.7M+512.2% | -$53.3M-118.3% | $291.9M |
| Operating Income | $282.8M+1.7% | $278.2M+7.3% | $259.3M+9.4% | $237.1M-4.0% | $247.0M+5.4% | $234.3M-13.7% | $271.5M+2.7% | $264.3M |
| Interest Expense | $12.6M-28.4% | $17.6M+1.7% | $17.3M+26.3% | $13.7M-13.3% | $15.8M+24.4% | $12.7M-18.6% | $15.6M-15.2% | $18.4M |
| Income Tax | $52.9M+5.4% | $50.2M+0.2% | $50.1M+89.1% | $26.5M-48.4% | $51.4M+10.8% | $46.4M+167.0% | -$69.3M-246.5% | $47.3M |
| Net Income | $220.7M+5.1% | $209.9M+11.3% | $188.6M-5.0% | $198.5M+10.2% | $180.2M+1.0% | $178.5M-44.8% | $323.1M+62.7% | $198.6M |
| EPS (Diluted) | $4.65+5.0% | $4.43+11.0% | $3.99-4.5% | $4.18+10.9% | $3.77+1.3% | $3.72-44.8% | $6.74+62.4% | $4.15 |
TDY Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.4B+1.5% | $15.1B+0.6% | $15.0B+6.0% | $14.2B-0.1% | $14.2B-2.9% | $14.6B+0.8% | $14.5B+2.2% | $14.2B |
| Current Assets | $3.2B+10.3% | $2.9B-2.0% | $3.0B+1.3% | $2.9B+7.3% | $2.7B-14.9% | $3.2B+8.1% | $3.0B+5.7% | $2.8B |
| Cash & Equivalents | $528.6M+70.0% | $310.9M-32.6% | $461.5M-29.0% | $649.8M+46.6% | $443.2M-51.4% | $912.4M+40.7% | $648.3M+27.5% | $508.6M |
| Inventory | $1.1B+1.1% | $1.0B+3.5% | $1.0B+10.7% | $914.4M-5.3% | $965.7M+3.5% | $933.2M+1.7% | $917.7M-4.6% | $962.0M |
| Accounts Receivable | $938.5M-2.0% | $957.5M+2.4% | $935.5M+3.8% | $901.1M+4.8% | $860.2M-2.9% | $885.8M-1.5% | $899.7M+5.3% | $854.7M |
| Goodwill | $8.7B-0.3% | $8.7B+1.7% | $8.5B+6.8% | $8.0B-0.6% | $8.0B+1.1% | $8.0B-0.6% | $8.0B+1.3% | $7.9B |
| Total Liabilities | $4.8B+1.2% | $4.8B-7.1% | $5.1B+10.2% | $4.6B-5.1% | $4.9B-7.7% | $5.3B+0.1% | $5.3B-3.4% | $5.5B |
| Current Liabilities | $1.8B+2.6% | $1.8B+28.8% | $1.4B+8.1% | $1.3B-9.0% | $1.4B-21.9% | $1.8B+0.6% | $1.8B+5.0% | $1.7B |
| Long-Term Debt | $2.1B-3.9% | $2.2B-26.9% | $3.0B+11.9% | $2.6B+0.1% | $2.6B0.0% | $2.6B0.0% | $2.6B-5.3% | $2.8B |
| Total Equity | $10.6B+1.8% | $10.4B+4.6% | $9.9B+3.9% | $9.5B+2.5% | $9.3B-0.1% | $9.3B+1.2% | $9.2B+5.7% | $8.7B |
| Retained Earnings | $6.9B+3.0% | $6.7B+3.3% | $6.5B+3.0% | $6.3B+7.9% | $5.8B+3.2% | $5.6B+3.3% | $5.4B+6.3% | $5.1B |
TDY Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $343.1M+51.4% | $226.6M-6.6% | $242.6M-27.0% | $332.4M+4.3% | $318.7M+9.5% | $291.0M+77.0% | $164.4M-40.9% | $278.2M |
| Capital Expenditures | $29.2M-3.6% | $30.3M+68.3% | $18.0M-37.9% | $29.0M+63.8% | $17.7M+11.3% | $15.9M-60.4% | $40.2M+74.8% | $23.0M |
| Free Cash Flow | $313.9M+59.9% | $196.3M-12.6% | $224.6M-26.0% | $303.4M+0.8% | $301.0M+9.4% | $275.1M+121.5% | $124.2M-51.3% | $255.2M |
| Investing Cash Flow | -$35.7M-18.2% | -$30.2M+96.1% | -$775.0M-2572.4% | -$29.0M+79.5% | -$141.2M-788.1% | -$15.9M+74.8% | -$63.0M-176.3% | -$22.8M |
| Financing Cash Flow | -$88.7M+74.2% | -$344.4M-201.4% | $339.6M+295.8% | -$173.4M+73.1% | -$644.0M-10657.4% | $6.1M-57.0% | $14.2M+114.5% | -$97.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | $21.4M-89.0% | $193.8M | N/A | $0 | $0 |
TDY Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.8%+0.3pp | 42.6%-0.2pp | 42.7%-0.1pp | 42.8%-0.4pp | 43.1%+0.2pp | 43.0%-0.8pp | 43.7%+0.6pp | 43.2% |
| Operating Margin | 18.4%0.0pp | 18.4%+0.5pp | 17.9%+2.1pp | 15.8%-2.2pp | 18.0%+0.6pp | 17.3%-1.7pp | 19.1%+0.2pp | 18.8% |
| Net Margin | 14.3%+0.5pp | 13.9%+0.9pp | 13.0%-0.2pp | 13.2%+0.1pp | 13.1%-0.1pp | 13.2%-9.4pp | 22.7%+8.5pp | 14.2% |
| Return on Equity | 2.1%+0.1pp | 2.0%+0.1pp | 1.9%-0.2pp | 2.1%+0.1pp | 1.9%+0.0pp | 1.9%-1.6pp | 3.5%+1.2pp | 2.3% |
| Return on Assets | 1.4%+0.1pp | 1.4%+0.1pp | 1.3%-0.1pp | 1.4%+0.1pp | 1.3%+0.0pp | 1.2%-1.0pp | 2.2%+0.8pp | 1.4% |
| Current Ratio | 1.79+0.1 | 1.66-0.5 | 2.19-0.1 | 2.33+0.4 | 1.98+0.2 | 1.81+0.1 | 1.69+0.0 | 1.68 |
| Debt-to-Equity | 0.20-0.0 | 0.21-0.1 | 0.30+0.0 | 0.280.0 | 0.280.0 | 0.280.0 | 0.29-0.0 | 0.32 |
| FCF Margin | 20.4%+7.4pp | 13.0%-2.5pp | 15.5%-4.7pp | 20.2%-1.7pp | 21.9%+1.5pp | 20.4%+11.7pp | 8.7%-9.5pp | 18.2% |
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Frequently Asked Questions
What is Teledyne Tech's annual revenue?
Teledyne Tech (TDY) reported $5.7B in total revenue for fiscal year 2024. This represents a 0.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Teledyne Tech's revenue growing?
Teledyne Tech (TDY) revenue grew by 0.6% year-over-year, from $5.6B to $5.7B in fiscal year 2024.
Is Teledyne Tech profitable?
Yes, Teledyne Tech (TDY) reported a net income of $819.2M in fiscal year 2024, with a net profit margin of 14.4%.
What is Teledyne Tech's earnings per share (EPS)?
Teledyne Tech (TDY) reported diluted earnings per share of $17.21 for fiscal year 2024. This represents a -6.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Teledyne Tech's EBITDA?
Teledyne Tech (TDY) had EBITDA of $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Teledyne Tech have?
As of fiscal year 2024, Teledyne Tech (TDY) had $649.8M in cash and equivalents against $2.6B in long-term debt.
What is Teledyne Tech's gross margin?
Teledyne Tech (TDY) had a gross margin of 42.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Teledyne Tech's operating margin?
Teledyne Tech (TDY) had an operating margin of 17.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Teledyne Tech's net profit margin?
Teledyne Tech (TDY) had a net profit margin of 14.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Teledyne Tech's return on equity (ROE)?
Teledyne Tech (TDY) has a return on equity of 8.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Teledyne Tech's free cash flow?
Teledyne Tech (TDY) generated $1.1B in free cash flow during fiscal year 2024. This represents a 53.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Teledyne Tech's operating cash flow?
Teledyne Tech (TDY) generated $1.2B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Teledyne Tech's total assets?
Teledyne Tech (TDY) had $14.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Teledyne Tech's capital expenditures?
Teledyne Tech (TDY) invested $83.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Teledyne Tech spend on research and development?
Teledyne Tech (TDY) invested $292.6M in research and development during fiscal year 2024.
Does Teledyne Tech buy back shares?
Yes, Teledyne Tech (TDY) spent $354.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Teledyne Tech have outstanding?
Teledyne Tech (TDY) had 47M shares outstanding as of fiscal year 2024.
What is Teledyne Tech's current ratio?
Teledyne Tech (TDY) had a current ratio of 2.33 as of fiscal year 2024, which is generally considered healthy.
What is Teledyne Tech's debt-to-equity ratio?
Teledyne Tech (TDY) had a debt-to-equity ratio of 0.28 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Teledyne Tech's return on assets (ROA)?
Teledyne Tech (TDY) had a return on assets of 5.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Teledyne Tech's Altman Z-Score?
Teledyne Tech (TDY) has an Altman Z-Score of 5.41, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Teledyne Tech's Piotroski F-Score?
Teledyne Tech (TDY) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Teledyne Tech's earnings high quality?
Teledyne Tech (TDY) has an earnings quality ratio of 1.45x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Teledyne Tech cover its interest payments?
Teledyne Tech (TDY) has an interest coverage ratio of 17.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Teledyne Tech?
Teledyne Tech (TDY) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.