Teledyne Technologies IncorporatedTDY
NYSE•Technology•Scientific & Technical Instruments
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.
Teledyne Technologies Incorpora (TDY) reported trailing twelve months revenue of $6.23B as of March 2026, a 7.9% increase year-over-year. Quarterly revenue reached $1.56B, reflecting continued top-line momentum.
Teledyne Technologies Incorpora generated $933.00M in TTM net income, with quarterly EBITDA of $381.40M. The operating margin expanded from 17.9% to 18.9%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (18.9%) and net margin (14.5%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 13.0% a year ago, signaling stronger bottom-line efficiency.
TDY trades at a P/E of 29.4x (in line with broad market averages) and a P/S of 4.4x. The price-to-book ratio of 2.6x reflects a moderate premium to book value.
The company generated $204.30M in free cash flow over the trailing twelve months, a 9.0% decrease year-over-year, indicating cash generation ability. The balance sheet shows $15.49B in total assets with $2.03B in long-term debt against $10.70B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~18.3%, suggesting durable pricing power and cost discipline.
ROE is positive at ~8.7% on average, adequate but below the threshold typically associated with wide moats.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~12.1% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~19.0% — no sign of cost or pricing stress.
FCF covers net income by 1.2x on average — earnings are well-supported by cash generation.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation