Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Europe, Asia, and internationally. The Digital Imaging provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra products, as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters. This segment offers cooled and uncooled infrared or thermal products, including sensors, camera cores, and camera systems; high-resolution, low-dose X-ray sensors, high-power microwave, and high-energy X-ray subsystems; and instruments for the measurement of physical properties and maritime products, as well as develops and manufactures multi-spectrum electro-optic/infrared imaging systems and associated products, such as lasers, optics, and radars, CBRNE (Chemical, Biological, Radiological, Nuclear and Explosive detectors), and unmanned air and ground systems. The Instrumentation segment provides monitoring, control, and electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks. The Aerospace and Defense Electronics segment offers electronic and optical components and subsystems, data acquisition and communications components and equipment, harsh environment interconnects, general aviation batteries and other components; and onboard avionics systems and ground-based applications, aircraft data and connectivity solutions, hardware systems, and software applications. The Engineered Systems segment provides systems engineering, integration and advanced technology development, and complex manufacturing solutions for defense, space, environmental, and energy applications; and designs and manufactures electrochemical energy systems and specialty electronics for military applications. The company was founded in 1960 and is headquartered in Thousand Oaks, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.1B | $1.5B | $895M | $1.1B | 8.5% | 7.9% | 9.2% |
| 2024 | $5.7B | $1.3B | $819M | $1.1B | 8.6% | 0.6% | -7.5% |
| 2023 | $5.6B | $1.4B | $886M | $721M | 9.6% | 3.2% | 12.3% |
| 2022 | $5.5B | $1.3B | $789M | $394M | 9.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 5,458.60 | 5,635.50 | 5,670 | 6,115.40 |
| Operating Revenue | - | 5,458.60 | 5,635.50 | 5,670 | 6,115.40 |
| Cost Of Revenue | - | 3,128.30 | 3,196.10 | 3,235.20 | 3,500.60 |
| Gross Profit | - | 2,330.30 | 2,439.40 | 2,434.80 | 2,614.80 |
| Operating Expense | - | 1,357.90 | 1,405 | 1,393.20 | 1,465 |
| Research And Development | - | 352.20 | 356.30 | 292.60 | 317.30 |
| Selling General And Administration | - | 804 | 852 | 902.60 | 931.10 |
| Total Expenses | - | 4,486.20 | 4,601.10 | 4,628.40 | 4,965.60 |
| Operating Income | - | 972.40 | 1,034.40 | 1,041.60 | 1,149.80 |
| Total Operating Income As Reported | - | 972 | 1,034.40 | 989.10 | 1,149.80 |
| EBITDA | - | 1,329.60 | 1,352.60 | 1,305.70 | 1,490.40 |
| Normalized EBITDA | - | 1,319.40 | 1,351 | 1,358.20 | 1,475.40 |
| EBIT | - | 997.40 | 1,036.20 | 995.80 | 1,154.10 |
| Interest Expense | - | 89.30 | 77.30 | 57.90 | 59.60 |
| Net Interest Income | - | -89.30 | -77.30 | -57.90 | -59.60 |
| Other Non Operating Income Expenses | - | 14.80 | 0.20 | 6.70 | -10.70 |
| Other Income Expense | - | 25 | 1.80 | -45.80 | 4.30 |
| Interest Expense Non Operating | - | 89.30 | 77.30 | 57.90 | 59.60 |
| Net Non Operating Interest Income Expense | - | -89.30 | -77.30 | -57.90 | -59.60 |
| Pretax Income | - | 908.10 | 958.90 | 937.90 | 1,094.50 |
| Tax Provision | - | 119.20 | 72.30 | 117.20 | 198.80 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.34 | 0.12 | -6.56 | 2.73 |
| Net Income Continuous Operations | - | 788.90 | 886.60 | 820.70 | 895.70 |
| Net Income From Continuing And Discontinued Operation | - | 788.60 | 885.70 | 819.20 | 894.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 788.60 | 885.70 | 819.20 | 894.80 |
| Net Income | - | 788.60 | 885.70 | 819.20 | 894.80 |
| Net Income Common Stockholders | - | 788.60 | 885.70 | 819.20 | 894.80 |
| Net Income Including Noncontrolling Interests | - | 788.90 | 886.60 | 820.70 | 895.70 |
| Normalized Income | - | 779.74 | 884.22 | 865.14 | 882.53 |
| Diluted NI Availto Com Stockholders | - | 788.60 | 885.70 | 819.20 | 894.80 |
| Basic Average Shares | - | 46.91 | 47.33 | 46.71 | 46.19 |
| Diluted Average Shares | - | 47.70 | 47.90 | 47.60 | 47.40 |
| Reconciled Depreciation | - | 332.20 | 316.40 | 309.90 | 336.30 |
| Reconciled Cost Of Revenue | - | 2,997.80 | 3,076.40 | 3,123.30 | 3,380.90 |
| Total Unusual Items | - | 10.20 | 1.60 | -52.50 | 15 |
| Total Unusual Items Excluding Goodwill | - | 10.20 | 1.60 | -52.50 | 15 |
| Minority Interests | - | 0.30 | -0.90 | -1.50 | -0.90 |
| Special Income Charges | - | 10.20 | 1.60 | -52.50 | 15 |
| Other Special Charges | 13.40 | -10.60 | -1.60 | - | -15 |
| Impairment Of Capital Assets | - | 0.40 | 0 | 52.50 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 201.70 | 196.70 | 198 | 216.60 |
| Depreciation And Amortization In Income Statement | - | 201.70 | 196.70 | 198 | 216.60 |
| General And Administrative Expense | 1,056.60 | 1,145.20 | 1,195.90 | - | - |
| Other Gand A | 1,067.80 | 1,156.60 | 1,208.30 | - | - |
| Salaries And Wages | -11.20 | -11.40 | -12.40 | - | - |
| Amortization | - | 201.70 | 196.70 | 198 | 216.60 |
| Amortization Of Intangibles Income Statement | - | 201.70 | 196.70 | 198 | 216.60 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Teledyne Technologies Incorporatedthis co. | TDY | $28.7B | 32.03β premium | 2.73 | 8.5% | 20.77 |
| Roper Technologies, Inc. | ROP | $33.5B | 21.80 | 1.68 | 7.7% | 13.46 |
| Qnity Electronics, Inc. | Q | $32.4B | 46.83 | 4.57 | 9.8% | 25.32 |
| Super Micro Computer, Inc. | SMCI | $28.2B | 26.89 | 4.48 | 16.6% | 20.92 |
| Fair Isaac Corporation |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| FICO |
| $27.1B |
| 41.50 |
| - |
| -37.3% |
| 31.54 |
| VeriSign, Inc. | VRSN | $26.7B | 32.38 | -12.41 | -38.3% | 23.99 |
| Atlassian Corporation | TEAM | $25.8B | -100.35 | 19.14 | -19.1% | 1018.89 |
| Cognizant Technology Solutions Corporation | CTSH | $25.3B | 11.33 | 1.68 | 14.9% | 6.02 |
| HP Inc. | HPQ | $24.1B | 9.51 | -69.51 | -730.9% | 7.55 |
| Peer Median | - | 24.34 | 1.68 | -5.7% | 22.45 | |