TELEDYNE TECHNOLOGIES INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data TELEDYNE TECHNOLOGIES INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	2,150	2,604	2,902	3,164	3,086	4,614	5,459	5,636	5,670	6,115
Cost of revenue	1,330	1,624	1,791	1,920	1,905	2,773	3,128	3,196	3,235	3,501
Gross profit	820	980	1,111	1,243	1,181	1,841	2,330	2,439	2,435	2,615
Research and development							352	356	293	317
Selling, general and administrative	580	658	694	715	662	1,068	804	852	903	931
Operating income	241	322	417	492	480	624	972	1,034	989	1,150
Interest expense	23.6	35.5	29.2	21	15.3	90.8	89.3	77.3	57.9	59.6
Other non-operating income	10.7	-15.5	-10.7	-5	-7.2	2.5	3.4	-12.2	-4.1	-21.6
Pre-tax income	241	287	394	474	470	534	908	959	938	1,095
Income tax	50.4	59.8	60.1	71.4	67.8	88.5	119	72.3	117	199
Net income to minority interests	0	0			0	0	0.3	0.9	1.5	0.9
Net income	191	227	334	402	402	445	789	886	819	895
EBITDA	328	435	530	604	596	996	1,304	1,351	1,299	1,486
EPS, basic	5.52	6.45	9.32	11.08	10.95	10.31	16.85	18.80	17.43	19.12
EPS, diluted	5.37	6.26	9.01	10.73	10.62	10.05	16.53	18.49	17.21	18.88
Shares, basic (weighted)	34.6	35.2	35.8	36.3	36.7	43.2	46.8	47.1	47	46.8
Shares, diluted (weighted)	35.5	36.3	37	37.5	37.9	44.3	47.7	47.9	47.6	47.4

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	98.6	70.9	143	200	673	475	638	648	650	352
Receivables	384	388	417	460	402	768	884	900	901	992
Inventory	314	400	364	393	347	753	891	918	914	1,043
Other current assets	49.7	62.7	45.8	59.9	78.1	118	131	213	167	293
Total current assets	846	1,012	1,114	1,314	1,723	2,429	2,818	2,981	2,945	3,056
Property, plant and equipment	341	443	443	488	489	828	770	777	745	839
Lease right-of-use assets				127	123	145	142	142	129	156
Goodwill	1,194	1,777	1,735	2,051	2,150	7,987	7,873	8,003	7,991	8,688
Intangible assets	132	242	193	267	410	2,742	2,441	2,278	2,013	2,100
Other non-current assets	70.8	88.9	84.6	225	245	321	274	285	280	317
Total assets	2,774	3,846	3,809	4,580	5,085	14,430	14,354	14,528	14,201	15,285
Accounts payable	139	192	228	271	229	470	506	385	416	487
Accrued liabilities	261	345	356	392	434	1,029	718	781	845	923
Deferred revenue			112	127	160	186	188	241	313	370
Short-term debt	102	3.6	137	101	97.6	0	300	600	0.3	450
Total current liabilities	502	541	721	763	761	1,498	1,523	1,766	1,262	1,860
Long-term debt	510	1,064	610	750	681	4,099	3,621	2,645	2,649	2,025
Lease liabilities				119	117	138	126	123	110	135
Other non-current liabilities	202	289	249	352	375	585	547	476	381	516
Total liabilities	1,220	1,899	1,580	1,865	1,856	6,808	6,181	5,302	4,645	4,771
Total debt	510	1,064	748	851	779	4,099	3,921	3,245	2,649	2,475
Paid-in capital	336	337	344	361	390	4,317	4,353	4,407	4,415	4,383
Retained earnings	1,912	2,140	2,524	2,926	3,328	3,773	4,562	5,448	6,267	7,141
Treasury stock	-243	-201	-145	-96.4	-59.5	-38.8	-20	0	-292	-585
Other comprehensive income	-451	-329	-493	-476	-430	-430	-727	-634	-840	-425
Shareholders' equity	1,554	1,947	2,230	2,715	3,229	7,622	8,169	9,221	9,549	10,514
Total equity	1,554	1,947	2,230	2,715	3,229	7,622	8,169	9,221	9,549	10,514
Total liabilities and equity	2,774	3,846	3,809	4,580	5,085	14,430	14,354	14,528	14,201	15,285
Shares outstanding	35.1	35.5	36.1	36.5	37	46.7	46.9	47.3	46.7	46.2

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	191	227	334	402	402	445	789	887	821	896
Depreciation and amortization	87.3	113	113	112	116	372	332	316	310	336
Deferred income tax	-7.9	-12.3						-97.4	-98.1	-58.6
Change in receivables	-11.4	-19.6	-66.7	-58.8
Change in inventory	-9.1	-7.4	-1.7	12.2	54.3	7	-155	-14.3	-10.4	-42.8
Change in payables	2.1	12.4	39.9	29.6	-46.3	99.1	45.9	-125	33.7	35.6
Cash from operations	317	375	447	482	619	825	487	836	1,192	1,191
Capital expenditures	-87.6	-58.5	-86.8	-88.4	-71.4	-102	-92.6	-115	-83.7	-117
Acquisitions			-3.1	-484	-29	-3,723	-99.6	-77.7	-124	-821
Cash from investing	-151	-831	-88.6	-572	-99.4	-3,824	-175	-190	-207	-938
Debt issued	0	268	0	150	2.7	3,976	0	0
Debt repaid							-185
Stock issued	36.1	24.9	37.2	34.6	36.3	25.4	23.6	45.4	37.9	48.8
Share buybacks	0	0					0	0	-354	-403
Cash from financing	-145	414	-271	142	-61.8	2,807	-110	-652	-946	-555
Exchange rate effect	-7.5	14.7	-15.4	5.1	15.9	-5.8	-38	15.9	-37.4	4.4
Net change in cash	13.5	-27.7	71.6	57	474	-198	163	10.2	1.5	-297
Free cash flow	229	316	360	394	548	723	394	721	1,108	1,074
Interest paid				23.4	19.1	117	79.3	87.9	73.4	71.3
Income taxes paid	24.6	36.7	64.7	110	74.5	83.6	212	313	213	280

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 28, 2026; growth uses fiscal years. Valuation uses the share price of $614.15 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	43.3%	Gross profit / revenue.
Operating margin	19.4%	Operating income / revenue.
EBITDA margin	24.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	18.7%	Pre-tax income / revenue.
Net margin	15.3%	Net income / revenue.
FCF margin	17.9%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	19.9%	Cash from operations / revenue.
Effective tax rate	18.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	6.4%	Net income / average total assets.
Return on invested capital (ROIC)	8.0%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	5.3%	Research and development expense / revenue.
SG&A / revenue	15.1%	Selling, general and administrative expense / revenue.
Capex / revenue	2.0%	Capital expenditures / revenue.
D&A / revenue	5.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	7.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	3.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	14.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	7.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	3.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	17.2%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	16.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	5.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	19.1%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	14.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	4.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	20.0%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	9.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	4.3%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	17.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	9.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	4.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	12.2%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-0.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	34.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	14.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-3.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	39.7%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	14.4%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	10.1%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	8.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	26.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	7.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	24.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	4.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.18x	Current assets / current liabilities.
Quick ratio	0.87x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.23x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.19x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	13.3%	Total debt / total assets.
Liabilities / assets	28.5%	Total liabilities / total assets.
Net debt	$1.69B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	1.07x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	24.5x	Operating income / interest expense.
Working capital	$1.73B	Current assets - current liabilities.
Goodwill and intangibles / assets	69.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	$272.4M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.42x	Revenue / average total assets.
Fixed asset turnover	7.65x	Revenue / average property, plant and equipment.
Inventory turnover	3.10x	Cost of revenue / average inventory.
Days inventory	118 days	365 x average inventory / cost of revenue.
Receivables turnover	6.80x	Revenue / average receivables.
Days sales outstanding	54 days	365 x average receivables / revenue.
Days payables	50 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	122 days	Days inventory + days sales outstanding - days payables.
FCF conversion	117.2%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	10.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$20.78	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$135.92	Revenue / diluted weighted shares.
FCF per share	$24.35	Free cash flow / diluted weighted shares.
Operating cash flow per share	$27.11	Cash from operations / diluted weighted shares.
Book value per share	$235.54	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$5.88	Tangible book value / shares outstanding.
Cash per share	$7.34	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$28.47B	Share price x shares outstanding.
Enterprise value	$30.16B	Market cap + total debt - cash - short-term investments.
P/E	29.2x	Market cap / net income. Only when net income is positive.
P/S	4.47x	Market cap / revenue.
P/B	2.61x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	105x	Market cap / tangible book value, when positive.
P/FCF	24.9x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	22.4x	Market cap / cash from operations, when positive.
EV/Sales	4.73x	Enterprise value / revenue.
EV/EBIT	24.3x	Enterprise value / operating income, when both are positive.
EV/EBITDA	19.1x	Enterprise value / EBITDA, when both are positive.
EV/FCF	26.4x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.0%	Free cash flow / market cap.
Earnings yield	3.4%	Net income / market cap (the inverse of P/E).
PEG	6.45x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was TELEDYNE TECHNOLOGIES INC's revenue in fiscal 2025?

TELEDYNE TECHNOLOGIES INC reported revenue of $6.12B for fiscal 2025, 7.9% higher than the year before.

Was TELEDYNE TECHNOLOGIES INC profitable in fiscal 2025?

Yes. Net income was $894.8M, a net margin of 14.6%.

How much free cash flow did TELEDYNE TECHNOLOGIES INC generate in fiscal 2025?

Cash from operations of $1.19B minus capital expenditures of $117.3M left free cash flow of $1.07B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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