Teledyne Tech Financials
Teledyne Tech (TDY) reported $6.4B in revenue over the twelve months to Jun 28, 2026, up 7.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
High cash conversion and light reinvestment needs let modest growth translate into deleveraging, buybacks, and steadier operating economics.
From FY2023 through FY2025, operating cash flow exceeded net income each year, and FY2025 capex was only$117M against$1.19B of operating cash flow. That means the business turns accounting profit into cash without needing much physical reinvestment, which helps explain simultaneous deleveraging and share repurchases.
Gross margin stayed near
The balance sheet is becoming less debt-funded, with debt-to-equity down to 0.2x in FY2025 from 0.5x in FY2021. With goodwill at
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Teledyne Tech's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Teledyne Tech has an operating margin of 18.8%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 86/100, reflecting efficient cost management and pricing power. This is up from 17.4% the prior year.
Teledyne Tech's revenue grew 7.9% year-over-year to $6.1B, a solid pace of expansion. This earns a growth score of 46/100.
Teledyne Tech has a moderate D/E ratio of 0.19. This balance of debt and equity financing earns a leverage score of 44/100.
Teledyne Tech's current ratio of 1.64 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.
Teledyne Tech converts 17.6% of revenue into free cash flow ($1.1B). This strong cash generation earns a score of 83/100.
Teledyne Tech earns a strong 8.5% return on equity (ROE), meaning it generates $9 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 69/100. This is down from 8.6% the prior year.
Teledyne Tech scores 5.02, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($28.8B) relative to total liabilities ($4.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Teledyne Tech passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Teledyne Tech generates $1.33 in operating cash flow ($1.2B OCF vs $894.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Teledyne Tech earns $19.29 in operating income for every $1 of interest expense ($1.1B vs $59.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Teledyne Tech generated $6.1B in revenue in fiscal year 2025. This represents an increase of 7.9% from the prior year.
Teledyne Tech's EBITDA was $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.4% from the prior year.
Teledyne Tech reported $894.8M in net income in fiscal year 2025. This represents an increase of 9.2% from the prior year.
Teledyne Tech earned $18.88 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.7% from the prior year.
Cash & Balance Sheet
Teledyne Tech generated $1.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 3.1% from the prior year.
Teledyne Tech held $352.4M in cash against $2.0B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Teledyne Tech's gross margin was 42.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.
Teledyne Tech's operating margin was 18.8% in fiscal year 2025, reflecting core business profitability. This is up 1.4 percentage points from the prior year.
Teledyne Tech's net profit margin was 14.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.
Teledyne Tech's ROE was 8.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.
Capital Allocation
Teledyne Tech invested $317.3M in research and development in fiscal year 2025. This represents an increase of 8.4% from the prior year.
Teledyne Tech spent $402.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 13.8% from the prior year.
Teledyne Tech invested $117.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 40.1% from the prior year.
TDY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B+6.6% | $1.6B-3.2% | $1.6B+4.7% | $1.5B+1.7% | $1.5B+4.4% | $1.4B-3.5% | $1.5B+4.1% | $1.4B |
| Cost of Revenue | $924.4M+4.3% | $886.3M-3.8% | $921.1M+4.7% | $880.0M+1.3% | $869.1M+4.7% | $830.4M-3.4% | $859.6M+4.3% | $823.9M |
| Gross Profit | $738.1M+9.5% | $673.8M-2.5% | $691.2M+4.8% | $659.5M+2.3% | $644.6M+4.1% | $619.5M-3.6% | $642.7M+3.7% | $619.6M |
| R&D Expenses | $90.2M+6.6% | $84.6M+9.6% | $77.2M-7.4% | $83.4M+1.2% | $82.4M+10.9% | $74.3M+4.1% | $71.4M-2.2% | $73.0M |
| SG&A Expenses | $258.7M+9.0% | $237.4M+3.4% | $229.6M-3.6% | $238.2M+3.8% | $229.4M-1.9% | $233.9M+0.8% | $232.0M+2.6% | $226.1M |
| Operating Income | $333.2M+13.3% | $294.2M-10.7% | $329.5M+16.5% | $282.8M+1.7% | $278.2M+7.3% | $259.3M+9.4% | $237.1M-12.4% | $270.7M |
| Interest Expense | $13.6M+10.6% | $12.3M+1.7% | $12.1M-4.0% | $12.6M-28.4% | $17.6M+1.7% | $17.3M+26.3% | $13.7M-12.7% | $15.7M |
| Income Tax | $69.6M+34.1% | $51.9M+13.8% | $45.6M-13.8% | $52.9M+5.4% | $50.2M+0.2% | $50.1M+89.1% | $26.5M+473.2% | -$7.1M |
| Net Income | $251.7M+11.0% | $226.8M-17.7% | $275.6M+24.9% | $220.7M+5.1% | $209.9M+11.3% | $188.6M-5.0% | $198.5M-24.2% | $262.0M |
| EPS (Diluted) | $5.37+10.7% | $4.85-16.7% | $5.82+25.2% | $4.65+5.0% | $4.43+11.0% | $3.99-5.0% | $4.20-24.2% | $5.54 |
TDY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.3B-1.4% | $15.5B+1.4% | $15.3B-0.5% | $15.4B+1.5% | $15.1B+0.6% | $15.0B+6.0% | $14.2B-2.3% | $14.5B |
| Current Assets | $3.2B-3.7% | $3.3B+8.8% | $3.1B-5.2% | $3.2B+10.3% | $2.9B-2.0% | $3.0B+1.3% | $2.9B-1.5% | $3.0B |
| Cash & Equivalents | $340.1M-34.8% | $521.4M+48.0% | $352.4M-33.3% | $528.6M+70.0% | $310.9M-32.6% | $461.5M-29.0% | $649.8M+15.8% | $561.0M |
| Inventory | $1.2B+4.0% | $1.1B+7.5% | $1.0B-1.4% | $1.1B+1.1% | $1.0B+3.5% | $1.0B+10.7% | $914.4M-5.2% | $964.8M |
| Accounts Receivable | $937.7M-3.3% | $969.2M-2.3% | $992.4M+5.7% | $938.5M-2.0% | $957.5M+2.4% | $935.5M+3.8% | $901.1M-3.5% | $933.8M |
| Goodwill | $8.7B-0.3% | $8.7B0.0% | $8.7B+0.4% | $8.7B-0.3% | $8.7B+1.7% | $8.5B+6.8% | $8.0B-1.6% | $8.1B |
| Total Liabilities | $4.4B-8.9% | $4.8B+0.4% | $4.8B-0.8% | $4.8B+1.2% | $4.8B-7.1% | $5.1B+10.2% | $4.6B-5.8% | $4.9B |
| Current Liabilities | $1.5B-22.4% | $1.9B+1.7% | $1.9B+3.1% | $1.8B+2.6% | $1.8B+28.8% | $1.4B+8.1% | $1.3B-15.7% | $1.5B |
| Long-Term Debt | $2.0B0.0% | $2.0B0.0% | $2.0B-2.8% | $2.1B-3.9% | $2.2B-26.9% | $3.0B+11.9% | $2.6B0.0% | $2.6B |
| Total Equity | $10.9B+2.0% | $10.7B+1.8% | $10.5B-0.4% | $10.6B+1.8% | $10.4B+4.6% | $9.9B+3.9% | $9.5B-0.5% | $9.6B |
| Retained Earnings | $7.6B+3.4% | $7.4B+3.2% | $7.1B+4.0% | $6.9B+3.0% | $6.7B+3.3% | $6.5B+3.0% | $6.3B+3.3% | $6.1B |
TDY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $315.2M+34.7% | $234.0M-38.3% | $379.0M+10.5% | $343.1M+51.4% | $226.6M-6.6% | $242.6M-27.0% | $332.4M+33.1% | $249.8M |
| Capital Expenditures | $30.5M+2.7% | $29.7M-25.4% | $39.8M+36.3% | $29.2M-3.6% | $30.3M+68.3% | $18.0M-37.9% | $29.0M+37.4% | $21.1M |
| Free Cash Flow | $284.7M+39.4% | $204.3M-39.8% | $339.2M+8.1% | $313.9M+59.9% | $196.3M-12.6% | $224.6M-26.0% | $303.4M+32.7% | $228.7M |
| Investing Cash Flow | -$35.7M+57.0% | -$83.1M+14.3% | -$97.0M-171.7% | -$35.7M-18.2% | -$30.2M+96.1% | -$775.0M-2572.4% | -$29.0M-37.4% | -$21.1M |
| Financing Cash Flow | -$455.1M-2573.4% | $18.4M+104.0% | -$461.7M-420.5% | -$88.7M+74.2% | -$344.4M-201.4% | $339.6M+295.8% | -$173.4M-28.9% | -$134.5M |
| Share Buybacks | N/A | N/A | $400.0M | $0 | N/A | N/A | $21.4M-84.6% | $138.8M |
Not reported in any period shown, so not listed: Dividends Paid.
TDY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.4%+1.2pp | 43.2%+0.3pp | 42.9%0.0pp | 42.8%+0.3pp | 42.6%-0.2pp | 42.7%-0.1pp | 42.8%-0.1pp | 42.9% |
| Operating Margin | 20.0%+1.2pp | 18.9%-1.6pp | 20.4%+2.1pp | 18.4%0.0pp | 18.4%+0.5pp | 17.9%+2.1pp | 15.8%-3.0pp | 18.8% |
| Net Margin | 15.1%+0.6pp | 14.5%-2.5pp | 17.1%+2.7pp | 14.3%+0.5pp | 13.9%+0.9pp | 13.0%-0.2pp | 13.2%-4.9pp | 18.1% |
| Return on Equity | 2.3%+0.2pp | 2.1%-0.5pp | 2.6%+0.5pp | 2.1%+0.1pp | 2.0%+0.1pp | 1.9%-0.2pp | 2.1%-0.7pp | 2.7% |
| Return on Assets | 1.7%+0.2pp | 1.5%-0.3pp | 1.8%+0.4pp | 1.4%+0.1pp | 1.4%+0.1pp | 1.3%-0.1pp | 1.4%-0.4pp | 1.8% |
| Current Ratio | 2.18+0.4x | 1.76+0.1x | 1.64-0.1x | 1.79+0.1x | 1.66-0.5x | 2.19-0.1x | 2.33+0.3x | 2.00 |
| Debt-to-Equity | 0.190.0x | 0.190.0x | 0.190.0x | 0.200.0x | 0.21-0.1x | 0.300.0x | 0.280.0x | 0.28 |
| FCF Margin | 17.1%+4.0pp | 13.1%-7.9pp | 21.0%+0.7pp | 20.4%+7.4pp | 13.0%-2.5pp | 15.5%-4.7pp | 20.2%+4.4pp | 15.8% |
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Where Teledyne Tech Ranks
Frequently Asked Questions
What is Teledyne Tech's annual revenue?
Teledyne Tech (TDY) reported $6.1B in total revenue for fiscal year 2025. This represents a 7.9% 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 7.9% year-over-year, from $5.7B to $6.1B in fiscal year 2025.
Is Teledyne Tech profitable?
Yes, Teledyne Tech (TDY) reported a net income of $894.8M in fiscal year 2025, with a net profit margin of 14.6%.
What is Teledyne Tech's EBITDA?
Teledyne Tech (TDY) had EBITDA of $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Teledyne Tech have?
As of fiscal year 2025, Teledyne Tech (TDY) had $352.4M in cash and equivalents against $2.0B in long-term debt.
What is Teledyne Tech's gross margin?
Teledyne Tech (TDY) had a gross margin of 42.8% in fiscal year 2025, 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 18.8% in fiscal year 2025, 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 14.6% in fiscal year 2025, 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 8.5% for fiscal year 2025, 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 2025. This represents a -3.1% 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 2025, representing cash generated from core business activities.
What are Teledyne Tech's total assets?
Teledyne Tech (TDY) had $15.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Teledyne Tech's capital expenditures?
Teledyne Tech (TDY) invested $117.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Teledyne Tech spend on research and development?
Teledyne Tech (TDY) invested $317.3M in research and development during fiscal year 2025.
What is Teledyne Tech's current ratio?
Teledyne Tech (TDY) had a current ratio of 1.64 as of fiscal year 2025, which is generally considered healthy.
What is Teledyne Tech's debt-to-equity ratio?
Teledyne Tech (TDY) had a debt-to-equity ratio of 0.19 as of fiscal year 2025, 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 5.9% for fiscal year 2025, 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 5.02, 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 7 out of 9, indicating strong 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 to 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 1.33x, 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 19.29x, 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 62 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.