Loading…
Maker of instrumentation, imaging sensors and digital imaging systems for aerospace, defense, industrial and scientific customers.
Maker of instrumentation, imaging sensors and digital imaging systems for aerospace, defense, industrial and scientific customers.
Sells specialized sensors and instruments that are designed into customers' products or programs, often for years, so sales come as component supply, project work and replacement. Growth has come heavily from acquisitions, the largest being FLIR Systems in 2021, which put thermal cameras at the center of its imaging business.
Moat: narrow (IP / patents, customer qualification, process know-how). Specialized sensor/imaging IP (including FLIR thermal imaging) qualified into defense and industrial programs.
Headquarters: Thousand Oaks, California, US · Founded: 1960 · Employees: 15,800
Size Teledyne Technologies (TDY) is a United States Information Technology company (Aerospace & Defense) with a market value of $28.5B, the 380th largest of 3,117 United States companies the cockpit tracks. Shares closed at $618.60 on 6 Nov 2026.
Performance Over six months the shares fell 0.5%, against +0.2% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 8.4% over the last twelve months (peer median +19.9%); the operating margin is 20.0% (peer median 7.6%).
Valuation It trades at 22.9× forward earnings against a peer median of 20.2× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.9 points below its cost of capital (9.0% WACC).
Backlog Backlog (remaining performance obligations) was $5.51B at 27 Sep 2026, up 21% on a year earlier — 0.8 years of trailing revenue. Backlog detail →
Credit Teledyne Technologies has 3 bonds outstanding ($2.04B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 73 bp.
Short interest Short interest is 2.5% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.52B | $6.12B | $5.68B | $5.65B | $5.47B |
| Revenue growth | — | +8% | +1% | +3% | — |
| Gross profit | $2.62B | $2.40B | $2.24B | $2.26B | $2.14B |
| EBITDA | $1.65B | $1.49B | $1.36B | $1.37B | $1.32B |
| Net income | $1.03B | $895M | $819M | $886M | $789M |
| Free cash flow | $1.15B | $1.07B | $1.11B | $721M | $394M |
| Capital expenditure | $133M | $117M | $83.7M | $115M | $92.6M |
| Total debt | $2.03B | $2.64B | $2.79B | $3.40B | $4.08B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Teledyne Technologies TDY | $28.5B | 0% | +8% | 20% | 22.9× | 15.5% |
| Keysight Technologies KEYS | $46.3B | -24% | +26% | 24% | 20.3× | 20.9% |
| Lumentum LITE | $48.9B | -40% | +103% | 23% | 18.8× | 41.7% |
| Emerson Electric EMR | $90.6B | +15% | +5% | 21% | 22.3× | 19.9% |
| Fujifilm 4901.T | $24.9B | +14% | +7% | 10% | 14.1× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TDY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.3% | -20.2% | 4th highest of 21 |
| 6-month return | -0.5% | +0.2% | 10th lowest of 20 |
| Distance from 52-week high | -11.3% | -34.2% | 2nd highest of 21 |
| Revenue growth (TTM) | +8.4% | +19.9% | 5th lowest of 21 |
| Operating margin | 20.0% | 7.6% | 8th highest of 21 |
| Forward P/E | 22.9× | 20.2× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 15.5% | 20.7% | 7th least demanding of 18 |
| Growth delivered (Del g) | +14.8% | +4.9% | 7th highest of 18 |
| Hurdle (Req g minus delivered) | +0.7 pp | +10.8 pp | 7th least demanding of 18 |
| ROIC minus cost of capital | -0.9 pp | -3.9 pp | 8th highest of 19 |
| EV / EBITDA | 18.2× | 19.0× | 8th cheapest of 17 |
| Net debt / EBITDA | 0.9× | -0.0× | 10th most indebted of 21 |
| Bond spread | 73 bp | 106 bp | tightest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Teledyne Technologies TDY | United States | $28.5B | 0% | +8% | 20% | 22.9× | 15.5% | +14.8% |
| Cognizant CTSH | United States | $28.9B | +26% | +5% | -1% | 10.5× | 0.8% | +4.9% |
| Bending Spoons BSP | United States | $27.9B | n/a | +95% | 21% | 25.6× | 45.5% | +94.7% |
| Verisign VRSN | United States | $27.7B | +7% | +6% | 68% | 28.4× | 14.5% | +5.5% |
| Okta OKTA | United States | $29.5B | +101% | +11% | 8% | 41.3× | 39.2% | +28.4% |
| Zoom Communications ZM | United States | $26.2B | -18% | +5% | 24% | 14.7× | 5.8% | +12.9% |
| Twilio TWLO | United States | $31.3B | 0% | +19% | 8% | 30.7× | 38.2% | +23.5% |
| Flex FLEX | United States | $25.8B | -51% | +18% | 6% | 11.2× | 15.9% | +3.0% |
| HP Inc. HPQ | United States | $25.7B | +27% | +9% | 7% | 9.5× | -7.0% | -0.4% |
| Microchip Technology MCHP | United States | $31.7B | -41% | +21% | 16% | 14.5× | 34.2% | -2.8% |
| CoreWeave CRWV | United States | $25.6B | -59% | +115% | -3% | n/a | n/a | n/a |
| MongoDB MDB | United States | $25.2B | +4% | +25% | -1% | 44.7× | 27.9% | +33.1% |
| Zscaler ZS | United States | $32.2B | +30% | +25% | -4% | 40.5× | 20.7% | +37.9% |
| Everpure P | United States | $32.2B | +24% | +27% | 5% | 29.6× | 58.7% | +16.8% |
| ON Semiconductor ON | United States | $24.6B | -39% | +3% | 19% | 14.3× | 20.0% | +2.7% |
| Jabil JBL | United States | $24.6B | -33% | +21% | 5% | 13.5× | 8.3% | +4.2% |
| Astera Labs ALAB | United States | $33.1B | -5% | +115% | 26% | 28.0× | n/a | n/a |
| Qnity Electronics Q | United States | $24.5B | -21% | +18% | 23% | 20.2× | 22.1% | 0.0% |
| NetApp NTAP | United States | $33.2B | +43% | +12% | 26% | 17.0× | 15.2% | +3.8% |
| Samsara IOT | United States | $24.0B | +38% | +30% | 1% | 48.5× | n/a | n/a |
| Teradyne TER | United States | $34.1B | -39% | +75% | 33% | 20.2× | 20.9% | +0.4% |
Teledyne Technologies has 3 bonds outstanding with $2.04B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.24%, a spread of 73 bp over government bonds.
Teledyne Technologies reported $5.51B of remaining performance obligations at 27 Sep 2026, up 21% from a year earlier and up 7% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 1.20.