Teledyne Technologies income statement
In fiscal 2025, Teledyne Technologies reported revenue of $6.12bn, up 7.9% on the year before, operating income of $1.15bn (a 18.8% margin) and net income of $895m, or $18.88 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Jan 2010 | 2010Jan 2011 | 2011Jan 2012 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Jan 2016 | 2016Jan 2017 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Jan 2023 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | 1,177 | 1,148 | 1,291 | 1,379 | 1,500 | 1,487 | 1,428 | 1,330 | 1,624 | 1,791 | 1,920 | 1,905 | 2,773 | 3,128 | 3,196 | 3,235 | 3,501 | 3,677 |
| 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 |
| Research and development | — | — | — | — | — | — | — | — | — | — | — | — | — | 352 | 356 | 293 | 317 | 331 |
| Selling, general and administrative | 303 | 318 | 424 | 505 | 598 | 612 | 589 | 580 | 658 | 694 | 715 | 662 | 1,068 | 804 | 852 | 903 | 931 | 984 |
| Operating income | 171 | 179 | 227 | 243 | 240 | 295 | 282 | 241 | 322 | 417 | 492 | 480 | 624 | 972 | 1,034 | 989 | 1,150 | 1,304 |
| Interest expense | 5 | 7 | 17 | 18 | 21 | 19 | 24 | 24 | 36 | 29 | 21 | 15 | 91 | 89 | 77 | 58 | 60 | 49 |
| Income before tax | 166 | 174 | 212 | 228 | 224 | 282 | 258 | 241 | 287 | 394 | 474 | 470 | 534 | 908 | 959 | 938 | 1,095 | 1,268 |
| Income tax | 50 | 54 | 70 | 65 | 40 | 67 | 63 | 50 | 60 | 60 | 71 | 68 | 89 | 119 | 72 | 117 | 199 | 241 |
| 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 |
| Diluted shares (average) | 37m | 37m | 37m | 37m | 38m | 38m | 36m | 36m | 36m | 37m | 38m | 38m | 44m | 48m | 48m | 48m | 47m | 47m |
| EBITDA | 214 | 224 | 291 | 321 | 331 | 389 | 372 | 328 | 435 | 530 | 604 | 596 | 996 | 1,304 | 1,351 | 1,299 | 1,486 | 1,646 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,502 | 1,450 | 1,514 | 1,540 | 1,612 | 1,560 | 1,663 | 1,685 |
| Cost of revenue | 860 | 830 | 869 | 880 | 921 | 886 | 924 | 946 |
| Gross profit | 643 | 620 | 645 | 660 | 691 | 674 | 738 | 739 |
| Research and development | 71 | 74 | 82 | 83 | 77 | 85 | 90 | 79 |
| Selling, general and administrative | 232 | 234 | 229 | 238 | 230 | 237 | 259 | 258 |
| Operating income | 237 | 259 | 278 | 283 | 330 | 294 | 333 | 347 |
| Interest expense | 14 | 17 | 18 | 13 | 12 | 12 | 14 | 11 |
| Income before tax | 226 | 239 | 261 | 274 | 321 | 279 | 321 | 347 |
| Income tax | 27 | 50 | 50 | 53 | 46 | 52 | 70 | 74 |
| Net income | 199 | 189 | 210 | 221 | 276 | 227 | 252 | 273 |
| Diluted EPS | $4.20 | $3.99 | $4.43 | $4.65 | $5.82 | $4.85 | $5.37 | $5.82 |
| EBITDA | 314 | 340 | 365 | 367 | 414 | 381 | 419 | 432 |
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