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Teledyne Technologies (TDY) stock

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NYSE: TDY NYSE Electronic Equipment & Instruments Next results ~January 20, 2027

B+ Fundamentals grade

Teledyne Technologies is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$500

Cash-flow model

Base case. Range ~$370–$670 across our lower- and higher-growth cases (1.8%–11.8% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 32% above our base value.

Price used: $659.91, November 2, 2026

Teledyne Technologies valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Teledyne Technologies files

10-Q filed October 23: Teledyne Technologies

Model value +7.2%

Revenue for the twelve months to September 2026 reached $6.52bn, up 8.6% on a year earlier and ahead of the 7.9% pace seen a quarter before. Free-cash-flow margin held steady at 17.6%. Operating margin widened to 20.0% from 17.6%, and the fundamentals grade improves from C+ to B. On the back of this, our model value rises from $458 to $491 a share. The stock trades at $625, so the rating stays Sell. At that price, the model implies the market expects roughly 10.7% annual cash-flow growth for five years. That sits well above the 7.2% a year revenue growth the company has actually delivered.

Source: 10-Q filed October 23, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Teledyne Technologies stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $6.37bn, up 7.9% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 17.9% from 16.1% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 6 of our 7 financial-health checks. Our cash-flow model value is $439 a share, against a share price of $629. At that price, our model says the market is pricing in about 12.2% a year of cash-flow growth for five years, faster than the 6.7% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 20, 2027 (estimated)

Teledyne Technologies's trailing-twelve-month revenue grew 8.6% year on year, with a free-cash-flow margin of 17.6%. Where it stands out: operating margin of 20.0% ranks 6 of 53 electronic equipment & instruments companies we cover.

Our discounted-cash-flow model values the business at ~$500 per share in the base case (~$370–$670 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 10.5% while net income grew 25.6%: a 15pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $659.91 is 24% above our value per share of $500.
  • Insiders selling. 4 insiders sold $12M of stock over the past 365 days and none bought (0% under pre-set trading plans).

Latest results: FY2026 Q3

Filed October 23, 2026
Earnings per share
$6.72 against an average estimate of $6.17: beat by 9.0%
Revenue
$1.68bn, up 9.4% on a year earlier
Share reaction
-1.9% in the first session after the results on October 21, 2026, against -0.7% for the S&P 500
Guidance given
GAAP diluted earnings per share $5.68 to $5.83 (fourth quarter 2026); GAAP diluted earnings per share $21.71 to $21.87 (full year 2026)
Next report
January 20, 2027; average EPS estimate $6.74

Teledyne Technologies' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.3%
  • 1 week+2.2%
  • 1 month+6.9%
  • This year+29.2%
  • 1 year+25.3%
  • 5 years+48.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.5B
Operating margin
20.0%
Net margin
15.8%
EPS (TTM, diluted)
$21.85

Growth

Revenue growth
+8.6%
Change in growth rate
+0.7 pts
Share count change
−0.8%

Cash

Free cash flow (TTM)
$1.1B
FCF margin
17.6%
Stock pay % of revenue
0.5%

Earnings

Last results
October 21, 2026
Next results (est.)
January 20, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Guidance
  4. Leadership
  5. Insider trade
  6. Announcement
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Teledyne Technologies valuation models and calculator

What the price is pricing in

The share price implies about 11.4% a year of cash-flow growth for five years.That is close to the 7.2% a year revenue growth Teledyne Technologies has delivered.

  • Priced in11.4%
  • Last 12 months8.6%
  • 3 years a year5.0%
  • 5 years a year7.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($663.58, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$500
Price used
$663.58close November 3, 2026
Implied change
▼ 25%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Teledyne Technologies's free cash flow after stock-based pay with after-tax interest added back ($1.1B, FY2026 Q3 TTM), growing 6.4% and 6.5% in the next two years (forecasts, guidance and its record), then back to 6.8% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$370–~$670 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Teledyne Technologies's free cash flow after stock-based pay ( $1.1B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Teledyne Technologies as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.08 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$500 ~$370–$670 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$500 ~$390–$770 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$230 ~$150–$350 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$230 ~$200–$270 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$390 ~$230–$500 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Teledyne Technologies with Electronic Equipment & Instruments in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▲ +2%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $323$449$617$838$1126$1499
8.5% $239$331$452$611$816$1081
10% $189$260$353$475$631$832

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$88.70$123.00$181.15$202.77$347.82$391.98$436.89$399.91$446.29$471.44$517.35$659.91
Market value$3.2bn$4.4bn$6.6bn$7.5bn$13.0bn$14.9bn$19.4bn$19.1bn$21.4bn$22.4bn$24.5bn$31.0bn
+ Net debt (− = net cash)$696m$519m$1.0bn$607m$652m$106m$3.7bn$3.3bn$2.6bn$2.0bn$2.1bn$1.5bn
Enterprise value$3.9bn$4.9bn$7.6bn$8.1bn$13.7bn$15.0bn$23.0bn$22.4bn$24.0bn$24.5bn$26.7bn$32.5bn
Multiples
Price / sales 1.4x2.0x2.5x2.6x4.1x4.8x4.2x3.5x3.8x4.0x4.0x4.8x
Price / earnings 16.3x22.9x28.9x22.5x32.4x37.0x43.5x24.2x24.1x27.4x27.4x30.2x
Price / free cash flow 19.6x19.0x20.8x20.8x33.1x27.1x26.8x48.4x29.6x20.2x22.8x27.0x
EV / EBITDA 10.5x14.9x17.4x15.3x22.7x25.1x23.1x17.2x17.8x18.8x17.9x19.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

66 /100

Moderate moat

How hard Teledyne Technologies's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 13 / 20

    Cash operating profit has been a median 10.2% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 40.8%, moving by 2.2 percentage points (standard deviation) across 10 years.

  • Durability 14 / 20

    Operating margin has been a median 15.9%; its worst year was 12.1%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 10 of 10 years, at a median 14.7% of revenue.

  • Discipline 13 / 20

    The diluted share count rose 12.2% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (71 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 20, 2027, before the open. Analysts expect revenue of $1.7bn and EPS of $6.74 (range $6.68 to $6.85) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $25.53 +16% $6.6bn +8%
Next $27.65 +8% $7.0bn +6%

Next year's EPS estimate has moved +3.9% in 90 days, across 11 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.3% on 90 days ago. In the last 30 days, 3 analysts raised Teledyne Technologies's forecast and 1 cut it.

Consensus EPS forecast Teledyne Technologies, last 90 days
$24.00 $25.00 $26.00 $27.00 $28.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $24.72 Current fiscal year, 60 days ago: $24.72 Current fiscal year, 30 days ago: $24.73 Current fiscal year, 7 days ago: $24.74 Current fiscal year, Now: $25.53 $25.53 Next fiscal year, 90 days ago: $26.61 Next fiscal year, 60 days ago: $26.73 Next fiscal year, 30 days ago: $26.77 Next fiscal year, 7 days ago: $26.79 Next fiscal year, Now: $27.65 $27.65

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $24.72$26.61
60 days ago $24.72$26.73
30 days ago $24.73$26.77
7 days ago $24.74$26.79
Now $25.53$27.65

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $6.17 $6.72 +9.0%
Jun 2026 $5.79 $6.28 +8.4%
Mar 2026 $5.47 $5.80 +6.0%
Dec 2025 $5.83 $6.30 +8.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 21, 2026
  • GAAP diluted earnings per share full year 2026 $21.71 to $21.87 GAAP Raised
    “Raising full year 2026 GAAP diluted earnings per share outlook to $21.71 to $21.87 compared with the prior outlook of $20.73 to $20.99, and raising full year 2026 non-GAAP earnings per share outlook to $25.40 to $25.50, compared with the prior outlook of $24.45 to $24.65” source
  • non-GAAP diluted earnings per share full year 2026 $25.40 to $25.50 Non-GAAP Raised
    “Raising full year 2026 GAAP diluted earnings per share outlook to $21.71 to $21.87 compared with the prior outlook of $20.73 to $20.99, and raising full year 2026 non-GAAP earnings per share outlook to $25.40 to $25.50, compared with the prior outlook of $24.45 to $24.65” source
  • GAAP diluted earnings per share fourth quarter 2026 $5.68 to $5.83 GAAP
    “Based on its current outlook, the company's management believes that fourth quarter 2026 GAAP diluted earnings per share will be in the range of $5.68 to $5.83, and full year 2026 GAAP diluted earnings per share will be in the range of $21.71 to $21.87.” source
  • non-GAAP diluted earnings per share fourth quarter 2026 $6.60 to $6.70 Non-GAAP
    “The company's management further believes that fourth quarter 2026 non-GAAP diluted earnings per share will be in the range of $6.60 to $6.70, and full year 2026 non-GAAP diluted earnings per share will be in the range of $25.40 to $25.50.” source

How earlier guidance turned out

  • GAAP diluted earnings per share, third quarter 2026 guided $5.10 to $5.25 Above range: $5.82

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Teledyne Technologies's revenue by +6.4% next year and +6.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.2%, weight 68%) and the company's own record (+6.8%, weight 32%) . How the weights are set.

Analyst recommendations

12 analysts, Oct 2026
Buy975%
Hold325%
Sell00%

Monthly trend

  1. Oct 202636312
  2. Sep 202636312
  3. Aug 202636312
  4. Jul 202636312

Counts of recommendations published by analysts covering Teledyne Technologies, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.9%
of tradable shares
Days to cover
4.19
at average volume
Short interest, 1 month
+28%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.8%
of shares
Employees
15,800
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +25.3%

$526.82 on October 31, 2025 to $659.91

ThenNowEffect
Revenue (last 12 months) $5.9bn $6.4bn +7.9%
Net margin 14.5% 15.3% +5.2%
P/E multiple 29.0x 31.9x +10.0%
Share count 47m 47m +0.4%

Biggest factor: p/e multiple.

Last 3 years +73.9%

$379.46 on November 3, 2023 to $659.91

ThenNowEffect
Revenue (last 12 months) $5.6bn $6.4bn +14.0%
Net margin 13.8% 15.3% +11.2%
P/E multiple 23.6x 31.9x +35.3%
Share count 48m 47m +1.4%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TDY+12%−9%+12%+4%+10%+29%
Industry peers (median)−3%−38%+25%−1%−7%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TDY58%42%58%67%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TDY−11%−32%−18%−19%−18%−15%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 49% from February 19, 2020 to March 18, 2020. Getting back needed a 96% gain, reached on November 17, 2020, 244 days after the low.

Price behaviour

52-week range
$484.47 – $691.30
From 52-week high
−4.5%
vs 50-day average
+6.7%
vs 200-day average
+4.1%
Volatility (1 year)
26%
Beta vs S&P 500
1.12

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±4.2%
After a week
6 up, 6 down
typical move ±4.8%
After a month
5 up, 6 down
typical move ±6.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 21, 2026 −1.9% −0.7% +5.3% —
July 22, 2026 +0.6% −1.3% −2.5% −2.1%
April 22, 2026 +1.4% +0.6% −1.9% −5.5%
January 21, 2026 +9.8% +1.7% +9.6% +18.1%
October 22, 2025 −6.5% +0.1% −10.2% −15.6%
July 23, 2025 −1.1% +0.9% −1.0% −2.4%
April 23, 2025 −0.4% +3.7% +1.1% +5.8%
January 22, 2025 +7.2% +1.1% +5.9% +2.2%
October 23, 2024 +6.6% −0.7% +4.1% +8.3%
July 24, 2024 +3.4% −2.8% +4.9% +3.9%
April 24, 2024 −7.4% −0.4% −5.9% −1.5%
January 24, 2024 −3.9% +0.7% −5.3% −2.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Teledyne Technologies’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Teledyne Technologies in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Teledyne Technologies
$5.5B $6B $6.5B $7B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $5.6B Revenue (TTM), FY24 Q1: $5.6B Revenue (TTM), FY24 Q2: $5.6B Revenue (TTM), FY24 Q3: $5.6B Revenue (TTM), FY24 Q4: $5.7B Revenue (TTM), FY25 Q1: $5.8B Revenue (TTM), FY25 Q2: $5.9B Revenue (TTM), FY25 Q3: $6B Revenue (TTM), FY25 Q4: $6.1B Revenue (TTM), FY26 Q1: $6.2B Revenue (TTM), FY26 Q2: $6.4B Revenue (TTM), FY26 Q3: $6.5B $6.5B

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $5.6B
FY24 Q1 $5.6B
FY24 Q2 $5.6B
FY24 Q3 $5.6B
FY24 Q4 $5.7B
FY25 Q1 $5.8B
FY25 Q2 $5.9B
FY25 Q3 $6B
FY25 Q4 $6.1B
FY26 Q1 $6.2B
FY26 Q2 $6.4B
FY26 Q3 $6.5B
Revenue growth, TTM YoY Teledyne Technologies
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 3.2% Revenue growth, TTM YoY, FY24 Q1: 1.5% Revenue growth, TTM YoY, FY24 Q2: -0.7% Revenue growth, TTM YoY, FY24 Q3: -0.6% Revenue growth, TTM YoY, FY24 Q4: 0.6% Revenue growth, TTM YoY, FY25 Q1: 3.0% Revenue growth, TTM YoY, FY25 Q2: 6.4% Revenue growth, TTM YoY, FY25 Q3: 7.4% Revenue growth, TTM YoY, FY25 Q4: 7.9% Revenue growth, TTM YoY, FY26 Q1: 7.9% Revenue growth, TTM YoY, FY26 Q2: 7.9% Revenue growth, TTM YoY, FY26 Q3: 8.6% 8.6%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 3.2%
FY24 Q1 1.5%
FY24 Q2 -0.7%
FY24 Q3 -0.6%
FY24 Q4 0.6%
FY25 Q1 3.0%
FY25 Q2 6.4%
FY25 Q3 7.4%
FY25 Q4 7.9%
FY26 Q1 7.9%
FY26 Q2 7.9%
FY26 Q3 8.6%
Operating margin (TTM) Teledyne Technologies
17% 18% 19% 20% 21% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 18.4% Operating margin (TTM), FY24 Q1: 18.3% Operating margin (TTM), FY24 Q2: 18.3% Operating margin (TTM), FY24 Q3: 18.3% Operating margin (TTM), FY24 Q4: 17.4% Operating margin (TTM), FY25 Q1: 17.6% Operating margin (TTM), FY25 Q2: 17.7% Operating margin (TTM), FY25 Q3: 17.6% Operating margin (TTM), FY25 Q4: 18.8% Operating margin (TTM), FY26 Q1: 19.0% Operating margin (TTM), FY26 Q2: 19.4% Operating margin (TTM), FY26 Q3: 20.0% 20.0%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 18.4%
FY24 Q1 18.3%
FY24 Q2 18.3%
FY24 Q3 18.3%
FY24 Q4 17.4%
FY25 Q1 17.6%
FY25 Q2 17.7%
FY25 Q3 17.6%
FY25 Q4 18.8%
FY26 Q1 19.0%
FY26 Q2 19.4%
FY26 Q3 20.0%
FCF margin (TTM) Teledyne Technologies
12% 14% 16% 18% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 12.8% FCF margin (TTM), FY24 Q1: 14.6% FCF margin (TTM), FY24 Q2: 17.2% FCF margin (TTM), FY24 Q3: 16.6% FCF margin (TTM), FY24 Q4: 19.5% FCF margin (TTM), FY25 Q1: 18.3% FCF margin (TTM), FY25 Q2: 16.1% FCF margin (TTM), FY25 Q3: 17.3% FCF margin (TTM), FY25 Q4: 17.6% FCF margin (TTM), FY26 Q1: 16.9% FCF margin (TTM), FY26 Q2: 17.9% FCF margin (TTM), FY26 Q3: 17.6% 17.6%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 12.8%
FY24 Q1 14.6%
FY24 Q2 17.2%
FY24 Q3 16.6%
FY24 Q4 19.5%
FY25 Q1 18.3%
FY25 Q2 16.1%
FY25 Q3 17.3%
FY25 Q4 17.6%
FY26 Q1 16.9%
FY26 Q2 17.9%
FY26 Q3 17.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Teledyne Technologies took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $6.1B
  2. Cost of revenue $3.5B · 57.2%
  3. Gross profit $2.6B · 42.8%
  4. Research and development $317M · 5.2%
  5. Selling, general and admin $931M · 15.2%
  6. Other operating costs $217M · 3.5%
  7. Operating income $1.1B · 18.8%
  8. Income tax $199M · 3.3%
  9. Interest and other $56.2M · 0.9%
  10. Net income $895M · 14.6%

Shares of revenue. Source: Teledyne Technologies's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Jan 2010 2010 Jan 2011 2011 Jan 2012 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Jan 2016 2016 Jan 2017 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Jan 2021 2021 Jan 2022 2022 Jan 2023 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 1,652 1,644 1,942 2,127 2,339 2,394 2,298 2,150 2,604 2,902 3,164 3,086 4,614 5,459 5,636 5,670 6,115 6,520
Gross profit 475 496 651 748 839 907 870 820 980 1,111 1,243 1,181 1,841 2,330 2,439 2,435 2,615 2,843
EBITDA 214 224 291 321 331 389 372 328 435 530 604 596 996 1,304 1,351 1,299 1,486 1,646
Operating income 171 179 227 243 240 295 282 241 322 417 492 480 624 972 1,034 989 1,150 1,304
Net income 113 121 255 164 185 218 196 191 227 334 402 402 445 789 886 819 895 1,027
Diluted EPS $3.10 $3.27 $6.84 $4.39 $4.87 $5.75 $5.44 $5.37 $6.26 $9.01 $10.73 $10.62 $10.05 $16.53 $18.49 $17.21 $18.88 $21.85
Growth (year on year)
Revenue −4.1% −0.5% +18.1% +9.5% +9.9% +2.4% −4.0% −6.4% +21.1% +11.4% +9.0% −2.4% +49.5% +18.3% +3.2% +0.6% +7.9% +8.6%
EBITDA −12.2% +4.6% +30.3% +10.3% +3.1% +17.3% −4.3% −11.9% +32.6% +21.8% +14.0% −1.2% +67.0% +30.9% +3.6% −3.8% +14.4% +18.8%
Operating income −13.7% +4.1% +27.3% +7.0% −1.2% +22.6% −4.3% −14.6% +33.8% +29.5% +18.0% −2.4% +30.0% +55.7% +6.4% −4.4% +16.2% +23.3%
Net income +1.8% +6.4% +111.8% −35.7% +12.7% +17.7% −10.1% −2.5% +19.0% +46.9% +20.5% −0.1% +10.8% +77.1% +12.3% −7.5% +9.2% +25.6%
Diluted EPS +1.6% +5.5% +109.2% −35.8% +10.9% +18.1% −5.4% −1.3% +16.6% +43.9% +19.1% −1.0% −5.4% +64.5% +11.9% −6.9% +9.7% +26.6%
Margins
Gross margin 28.7% 30.2% 33.5% 35.2% 35.9% 37.9% 37.9% 38.2% 37.6% 38.3% 39.3% 38.3% 39.9% 42.7% 43.3% 42.9% 42.8% 43.6%
EBITDA margin 12.9% 13.6% 15.0% 15.1% 14.2% 16.2% 16.2% 15.2% 16.7% 18.3% 19.1% 19.3% 21.6% 23.9% 24.0% 22.9% 24.3% 25.3%
Operating margin 10.4% 10.9% 11.7% 11.4% 10.3% 12.3% 12.3% 11.2% 12.4% 14.4% 15.5% 15.6% 13.5% 17.8% 18.4% 17.4% 18.8% 20.0%
Net margin 6.9% 7.3% 13.1% 7.7% 7.9% 9.1% 8.5% 8.9% 8.7% 11.5% 12.7% 13.0% 9.7% 14.4% 15.7% 14.4% 14.6% 15.8%
Free-cash-flow margin 7.3% 6.7% 9.0% 5.8% 5.6% 10.2% 7.1% 10.7% 12.1% 12.4% 12.4% 17.7% 15.7% 7.2% 12.8% 19.5% 17.6% 17.6%
Cash flow
Cash from operations 155 142 217 189 203 288 210 317 375 447 482 619 825 487 836 1,192 1,191 1,281
Capital spending 34 31 42 65 73 44 47 88 59 87 88 71 102 93 115 84 117 133
Free cash flow 121 111 175 124 131 244 163 229 316 360 394 548 723 394 721 1,108 1,074 1,148
Stock-based pay 5 5 6 — — — — — — — — — — 32 29 31 30 31
Free cash flow after stock pay 116 106 169 — — — — — — — — — — 363 693 1,077 1,044 1,117
Balance sheet
Cash 26 75 49 46 66 141 85 99 71 143 200 673 475 638 648 650 352 562
Total debt 252 267 313 558 553 705 781 618 1,073 750 852 779 4,130 3,947 3,266 2,666 2,489 2,028
Net debt (negative = net cash) 226 192 263 512 487 564 696 519 1,002 607 652 106 3,655 3,309 2,618 2,016 2,137 1,465
Diluted shares 37m 37m 37m 37m 38m 38m 36m 36m 36m 37m 38m 38m 44m 48m 48m 48m 47m 47m
Returned to shareholders
Buybacks 1 — 35 0 0 147 244 0 0 — — — — 0 0 354 403 —
Total returned 1 — 35 0 0 147 244 0 0 — — — — 0 0 354 403 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · September 27, 2026
What it owns · $15.6bn
Short-term assets $3.5bnLonger-term assets $12.0bn
What it owes, and who funded it · $15.6bn
Short-term liabilities $1.5bnLonger-term liabilities $2.9bnShareholders' equity $11.1bn
  • Short-term assets cover short-term liabilities $3.5bn of assets due within a year against $1.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.5bn short-term assets against $2.9bn of longer-dated liabilities.
  • More cash than debt $562m of cash against $2.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 18% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 49% to 18% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.3bn of operating cash flow against $2.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.3bn against $48m of interest.

From Teledyne Technologies's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$757M
Diluted share count
−0.8%
year over year
R&D spending
5.1%
of revenue
Sales & admin spending
15.1%
of revenue
Days sales outstanding
53 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic equipment & instruments
Last 12 months unless stated TDY KEYS ZBRA ROP VNT ITRI Median
Revenue, last 12 months $6.5bn $6.6bn $5.8bn $8.4bn $3.1bn $2.3bn $104m
Revenue growth, last 12 months 8.6% 25.5% 12.7% 9.2% 0.9% −3.6% 9.8%
Revenue growth, 3-year average 5.0% 5.6% 2.1% 12.1% −1.4% 4.0% 7.2%
Revenue growth, latest quarter 9.4% 36.5% 20.4% 7.6% −2.2% 3.0% 16.5%
Gross margin 43.6% 64.7% 49.6% 69.7% 45.5% 40.7% 38.5%
Operating margin 20.0% 20.3% 14.7% 28.0% 18.8% 13.7% −7.3%
Operating margin, 3-year average 18.6% 18.5% 13.0% 28.2% 18.3% 12.2% −5.1%
Net margin 15.8% 19.1% 9.2% 30.7% 11.3% 12.1% −5.3%
Cash from operations / revenue 19.6% 24.4% 16.7% 31.1% 15.1% 17.0% −1.6%
Free-cash-flow margin 17.6% 22.3% 15.5% 19.7% 12.5% 15.8% −2.5%
Free-cash-flow margin, 3-year average 17.2% 22.5% 14.0% 21.0% 12.8% 12.5% 3.7%
Stock pay / revenue 0.5% 3.3% 3.0% 2.4% 1.0% 2.5% 3.0%
Change in share count −0.8% −0.4% −3.7% −4.8% −4.6% −2.5% 1.9%

Median of all 53 companies we cover in electronic equipment & instruments. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

53 electronic equipment & instruments companies
Measure Company Peer median Rank
Revenue growth Growth 8.6% 9.8% 30 of 53
Change in growth rate Growth +0.7pp +2.3pp 34 of 53
Gross margin Profitability 43.6% 39.7% 18 of 48
Operating margin Profitability 20.0% -7.3% 6 of 53
Net margin Profitability 15.8% -5.3% 7 of 53
Free-cash-flow margin Cash generation 17.6% -2.1% 6 of 52
Stock pay as % of revenue Cash generation 0.5% 3.0% 6 of 49
Long-term debt as % of assets Balance sheet 13.0% 15.2% 14 of 31
Change in share count Balance sheet -0.8% 1.9% 10 of 46
Days sales outstanding Balance sheet 53 days 68 days 11 of 52

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 28, 2025
Segments
Line of business Revenue Share YoY
Digital Imaging $3.2B 51.7% ▲ 3.0%
Instrumentation $1.5B 23.8% ▲ 5.4%
Aerospace and Defense Electronics $1.1B 17.3% ▲ 36.3%
Engineered Systems $436M 7.1% ▼ 0.9%
Geography
Region Revenue Share YoY
United States $3.2B 52.0% ▲ 8.3%
Europe $1.5B 25.0% ▲ 12.6%
Asia $894M 14.6% ▼ 0.4%
Countries Other Than United States Europe and Asia $512M 8.4% ▲ 7.1%

From Teledyne Technologies's 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$30B
Institutions reporting
885
Shares held vs prior quarter
▲ 2.4%
Positions opened / closed
117 / 77

Top buyers and sellers, Q2 2026: 390 institutions bought and 404 sold ; the biggest buyer was Fil Ltd (+222K shares) and the biggest seller Price T Rowe Associates Inc (−263K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.8B 4.1M 9.2% ▲ 1.6%
Price T Rowe Associates Inc $2.1B 3.2M 7.0% ▼ 7.7%
Vanguard Capital Management LLC $2B 3.0M 6.7% ▼ 0.1%
Vanguard Portfolio Management LLC $1.6B 2.4M 5.3% ▲ 0.2%
State Street Corp $1.5B 2.3M 5.0% ▲ 3.4%
Fil Ltd $1.2B 1.8M 4.1% ▲ 13.8%
Dodge & Cox $1.1B 1.6M 3.6% ▲ 0.5%
Jupiter Topco LLC $1B 1.5M 3.4% —
Aristotle Capital Management, LLC $1B 1.5M 3.4% ▼ 5.2%
Geode Capital Management, LLC $878M 1.3M 2.9% ▲ 0.4%
Kayne Anderson Rudnick Investment Management LLC $678M 1.0M 2.3% ▼ 15.3%
Jpmorgan Chase & Co $658M 1.0M 2.2% ▼ 19.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Teledyne Technologies's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $11.9M 11 trades by 4 insiders · 0% under pre-set plans
Net ▼ $11.9M net selling
Insider Date Trade Shares Price Value
Lorne Simon M Director August 12, 2026 Sell 958 $682.81 $654,134
Lorne Simon M Director August 12, 2026 Sell 40 $681.79 $27,272
Lorne Simon M Director August 12, 2026 Sell 2,000 $680.18 $1.4M
Lorne Simon M Director August 12, 2026 Sell 3,451 $679.74 $2.3M
Von Schack Wesley W Director August 12, 2026 Sell 468 $686.63 $321,343
Vanwees Jason Vice Chairman February 3, 2026 Sell 280 $631.07 $176,699
Vanwees Jason Vice Chairman February 3, 2026 Sell 2,220 $630.39 $1.4M
Vanwees Jason Vice Chairman February 3, 2026 Sell 2,420 $631.39 $1.5M
Vanwees Jason Vice Chairman February 3, 2026 Sell 2,580 $630.49 $1.6M
Smith Michael T Director January 29, 2026 Sell 2,469 $621.00 $1.5M
Smith Michael T Director January 28, 2026 Sell 1,531 $621.00 $950,751

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 22 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 6 sales of Teledyne Technologies shares.

  • April McClain Delaney(D-MD 6):Sale (full), $15,001 - $50,000, traded August 25, 2026, filed September 9, 2026
  • April McClain Delaney(D-MD 6):Sale (partial), $1,001 - $15,000, traded August 24, 2026, filed September 9, 2026
  • April McClain Delaney(D-MD 6):Sale (partial), $1,001 - $15,000, traded August 21, 2026, filed September 9, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 20, 2027 estimated from the company's past filing pattern, not announced

  • October 21, 2026
  • July 22, 2026
  • April 22, 2026
  • January 21, 2026
  • October 22, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on Teledyne Technologies was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Teledyne Technologies in brief

What does Teledyne Technologies do?
Teledyne Technologies is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in December.
What is Teledyne Technologies's stock ticker?
Teledyne Technologies trades under the ticker TDY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Teledyne Technologies's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Teledyne Technologies reported revenue of $6.5B, 8.6% higher than a year earlier, according to its SEC filings.
What is Teledyne Technologies's free cash flow?
Teledyne Technologies's free-cash-flow margin is 17.6% of revenue over the trailing twelve months, ranking 6 of the 52 electronic equipment & instruments companies we cover.
What is Teledyne Technologies's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Teledyne Technologies's free cash flow after stock-based pay gives ~$500 per share in the base case, and ~$370–$670 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Teledyne Technologies's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Price T Rowe Associates Inc and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Teledyne Technologies's market cap?
On November 2, 2026, Teledyne Technologies's market capitalisation was about $31B, with a price-to-earnings ratio of 30.2 and net debt of $1.5B. Market figures come from third-party market data and may be delayed.
How much debt does Teledyne Technologies have?
Teledyne Technologies's debt-to-equity ratio is 18.2%, from its latest balance sheet (48.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Teledyne Technologies's competitors?
In our Electronic Equipment & Instruments peer group, the companies closest to Teledyne Technologies are Keysight Technologies, Zebra Technologies, Roper Technologies, Vontier Corp and Itron, Inc. The side-by-side comparison below sets their revenue, margins and growth against Teledyne Technologies's.
Are insiders buying or selling Teledyne Technologies stock?
Over the last 12 months, Teledyne Technologies's directors and officers reported 0 open-market purchases and 11 sales on Form 4. The insider trading page charts every trade.
When is Teledyne Technologies's next earnings date?
Around January 20, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Teledyne Technologies announces its own schedule.