Teledyne Technologies (TDY) financial statements
Teledyne Technologies reported revenue of $6.1B in fiscal 2025, up 12.3% a year over 9 years.
Net income was $895M and the operating margin 18.8%, against 11.2% in 2016.
Free cash flow was $1.1B, and the company returned $403M in net buybacks.
The diluted share count rose 34% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Teledyne Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.6B | $2.9B | $3.2B | $3.1B | $4.6B | $5.5B | $5.6B | $5.7B | $6.1B |
| Cost of revenue | $1.3B | $1.6B | $1.8B | $1.9B | $1.9B | $2.8B | $3.1B | $3.2B | $3.2B | $3.5B |
| Gross profit | $820M | $980M | $1.1B | $1.2B | $1.2B | $1.8B | $2.3B | $2.4B | $2.4B | $2.6B |
| Research and development | — | — | — | — | — | — | $352M | $356M | $293M | $317M |
| Selling, general and admin | $580M | $658M | $694M | $715M | $662M | $1.1B | $804M | $852M | $903M | $931M |
| Operating income | $240M | $322M | $417M | $492M | $480M | $624M | $972M | $1.0B | $989M | $1.1B |
| Interest expense | $23M | $33M | $26M | $21M | $15M | $91M | $89M | $77M | $58M | $60M |
| Pre-tax income | $241M | $287M | $394M | $474M | $470M | $534M | $908M | $959M | $938M | $1.1B |
| Income tax | $50M | $60M | $60M | $71M | $68M | $88M | $119M | $72M | $117M | $199M |
| Net income | $191M | $227M | $334M | $402M | $402M | $445M | $789M | $886M | $819M | $895M |
| EPS (diluted) | $5.37 | $6.26 | $9.01 | $10.73 | $10.62 | $10.05 | $16.53 | $18.49 | $17.21 | $18.88 |
| Diluted shares | 36M | 36M | 37M | 38M | 38M | 44M | 48M | 48M | 48M | 47M |
| Gross margin | 38.2% | 37.6% | 38.3% | 39.3% | 38.3% | 39.9% | 42.7% | 43.3% | 42.9% | 42.8% |
| Operating margin | 11.2% | 12.4% | 14.4% | 15.5% | 15.6% | 13.5% | 17.8% | 18.4% | 17.4% | 18.8% |
| Net margin | 8.9% | 8.7% | 11.5% | 12.7% | 13.0% | 9.7% | 14.4% | 15.7% | 14.4% | 14.6% |
Balance sheet
Fiscal years, from Teledyne Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $99M | $71M | $142M | $200M | $673M | $475M | $638M | $648M | $650M | $352M |
| Receivables | $384M | $388M | $416M | $460M | $402M | $768M | $884M | $900M | $901M | $992M |
| Inventory | $314M | $400M | $364M | $393M | $347M | $753M | $891M | $918M | $914M | $1.0B |
| Total current assets | $846M | $1.0B | $1.1B | $1.3B | $1.7B | $2.4B | $2.8B | $3.0B | $2.9B | $3.1B |
| Property, plant and equipment | $341M | $443M | $443M | $488M | $489M | $828M | $770M | $777M | $745M | $839M |
| Goodwill | $1.2B | $1.8B | $1.7B | $2.1B | $2.1B | $8.0B | $7.9B | $8.0B | $8.0B | $8.7B |
| Total assets | $2.8B | $3.8B | $3.8B | $4.6B | $5.1B | $14.4B | $14.4B | $14.5B | $14.2B | $15.3B |
| Total current liabilities | $502M | $541M | $721M | $763M | $761M | $1.5B | $1.5B | $1.8B | $1.3B | $1.9B |
| Long-term debt | $516M | $1.1B | $610M | $750M | $681M | $4.1B | $3.6B | $2.6B | $2.6B | $2.0B |
| Total liabilities | $1.2B | $1.9B | $1.6B | $1.9B | $1.9B | $6.8B | $6.2B | $5.3B | $4.6B | $4.8B |
| Shareholders' equity | $1.6B | $1.9B | $2.2B | $2.7B | $3.2B | $7.6B | $8.2B | $9.2B | $9.5B | $10.5B |
| Net debt | $519M | $998M | $605M | $651M | $105M | $3.6B | $3.3B | $2.6B | $2.0B | $2.1B |
Cash flow
Fiscal years, from Teledyne Technologies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $317M | $375M | $447M | $482M | $619M | $825M | $487M | $836M | $1.2B | $1.2B |
| Capital spending | $88M | $58M | $87M | $88M | $71M | $102M | $93M | $115M | $84M | $117M |
| Free cash flow | $229M | $316M | $360M | $394M | $548M | $723M | $394M | $721M | $1.1B | $1.1B |
| Share buybacks (net) | $0 | $0 | — | — | — | — | $0 | $0 | -$354M | -$403M |
| Net borrowing | — | — | — | — | — | — | -$185M | — | — | — |
| Free cash flow margin | 10.7% | 12.1% | 12.4% | 12.4% | 17.7% | 15.7% | 7.2% | 12.8% | 19.5% | 17.6% |
Questions
What was Teledyne Technologies's revenue in 2025?
$6.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Teledyne Technologies generate?
$1.1B in fiscal 2025 (operating cash flow minus capital spending).
From Teledyne Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.