Teledyne Technologies (TDY)
NYSE:TDY
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Teledyne Technologies
(NYSE:TDY)
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Rating:77Outperform
Price Target:
$687.00
▲(8.23% Upside)
Action:ReiteratedDate:02/27/26
TDY scores well primarily on strong financial performance (profitability, improving leverage, and robust free cash flow) and a clearly positive technical trend with strong momentum. The main offset is valuation, with a high P/E and no dividend yield provided, plus some near-term execution/margin headwinds highlighted on the earnings call.
Positive Factors
Free cash flow & deleveraging
Consistent ~ $1.1B annual free cash flow and a leverage ratio near 1.4x provide durable financial flexibility. That cash generation supports organic investment, bolt‑on M&A and opportunistic buybacks while lowering refinancing risk, enabling steady capital allocation across cycles.
Negative Factors
Acquisition-related margin pressure
Acquired businesses with lower margins are compressing consolidated profitability. Integration and operational improvement typically take multiple quarters to years; sustained lower margins at acquisitions could weigh on long‑term operating margin and return on invested capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow & deleveraging
Consistent ~ $1.1B annual free cash flow and a leverage ratio near 1.4x provide durable financial flexibility. That cash generation supports organic investment, bolt‑on M&A and opportunistic buybacks while lowering refinancing risk, enabling steady capital allocation across cycles.
Read all positive factors
Teledyne Technologies (TDY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$29.40B
Dividend YieldN/A
Average Volume (3M)291.74K
Price to Earnings (P/E)27.3
Beta (1Y)0.79
Revenue Growth7.41%
EPS Growth-12.85%
CountryUS
Employees14,900
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)6.30
Shares Outstanding46,317,284
10 Day Avg. Volume255,126
30 Day Avg. Volume291,743
Financial Highlights & Ratios
PEG Ratio3.29
Price to Book (P/B)2.33
Price to Sales (P/S)4.00
P/FCF Ratio22.79
Enterprise Value/Market Cap1.08
Enterprise Value/Revenue5.19
Enterprise Value/Gross Profit13.23
Enterprise Value/Ebitda21.25
Forecast
1Y Price Target
$700.63Price Target Upside10.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)23.82
Revenue Forecast (FY)$6.39B
Teledyne Technologies Business Overview & Revenue Model
Company Description
Teledyne Technologies Incorporated provides enabling technologies for industrial growth markets in the United States, Canada, the United Kingdom, Belgium, the Netherlands, and internationally. The company's Instrumentation segment offers monitorin...
How the Company Makes Money
Teledyne makes money primarily by selling high-value, engineered products and systems (and related services) through several operating segments, with revenue generated from a mix of commercial sales and government/defense spending.
1) Product and...
Teledyne Technologies Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Profit produced by each of Teledyne’s business units, revealing which segments drive overall earnings and which are dragging margins. Helps investors see where management is most efficient, where capital and cost control are working, and which parts of the company are most exposed to cyclicality or margin pressure.
Profit produced by each of Teledyne’s business units, revealing which segments drive overall earnings and which are dragging margins. Helps investors see where management is most efficient, where capital and cost control are working, and which parts of the company are most exposed to cyclicality or margin pressure.
Data provided by:
The Fly
The FlyTeledyne Technologies Earnings Call Summary
Earnings Call Date:Jan 21, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 22, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive tone: multiple record outcomes (quarterly orders, sales, non-GAAP earnings, operating margin), solid organic growth across most segments, substantial free cash flow generation, active and disciplined capital deployment (acquisitions and opportunistic buybacks), and a 2026 outlook broadly in line with consensus. There are manageable near-term headwinds — a notable revenue decline in Engineered Systems due to timing, margin pressure from recently acquired aerospace businesses, some product-line softness (X-ray detectors, scientific cameras), and dependency of certain test equipment sales on chip supplier timing. Management also flagged one-time items that boosted margins. Overall the positive financial momentum, healthy book-to-bill, strong cash generation, deleveraging, and strategic awards outweigh the transitory challenges.Positive Updates
Record Quarterly Performance
Company reported the largest quarterly orders, sales, non-GAAP earnings, and operating margin in its history; Q4 sales up 7.3% year-over-year and Q4 non-GAAP earnings up 14.1% year-over-year.
Negative Updates
Engineered Systems Revenue Decline
Engineered Systems reported a 9.9% decline in Q4 revenue due in part to delayed contract awards expected in the quarter, though margin improved (+259 basis points) on fixed-price contract performance.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Quarterly Performance
Company reported the largest quarterly orders, sales, non-GAAP earnings, and operating margin in its history; Q4 sales up 7.3% year-over-year and Q4 non-GAAP earnings up 14.1% year-over-year.
Read all positive updates
Company Guidance
Management guided full‑year 2026 revenue of approximately $6.37 billion, with first‑quarter EPS guidance of GAAP $4.45–$4.59 and non‑GAAP $5.40–$5.50, and full‑year EPS guidance of GAAP $19.76–$20.22 and non‑GAAP $23.45–$23.85 (non‑GAAP midpoint ≈ $23.65); they expect seasonality of roughly 48% of sales and 46% of earnings in H1, most growth to be organic (company cited organic growth around mid‑single digits), FLIR growth ~4.6% and marine instruments ~5%, unmanned revenues were about $500M in 2025 (management expects ~10% growth to ≈ $550M in 2026); balance sheet and cash metrics highlighted included ~$1.1B of free cash flow generated for two consecutive years, 2025 M&A spend >$850M, Q4 stock repurchases ~$400M, Q4 operating cash flow $379M and free cash flow $339.2M, capex $39.8M and D&A $84.6M for the quarter/year, ending net debt ~$2.12B (≈ $2.48B debt less $352.4M cash) with a leverage ratio of ~1.4x, and Q4 book‑to‑bill ~1.07 (full year ~1.08) with segment B/T/Bs: Instrumentation ~1.0, Digital Imaging ~1.06, Aerospace & Defense ~1.25 and Engineered Systems <1.Teledyne Technologies Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
85
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.12B | 5.67B | 5.64B | 5.46B | 4.61B |
| Gross Profit | 2.40B | 2.43B | 2.44B | 2.33B | 1.84B |
| EBITDA | 1.49B | 1.31B | 1.35B | 1.33B | 996.40M |
| Net Income | 894.80M | 819.20M | 885.70M | 788.60M | 445.30M |
Balance Sheet | |||||
| Total Assets | 15.29B | 14.20B | 14.53B | 14.35B | 14.45B |
| Cash, Cash Equivalents and Short-Term Investments | 352.40M | 649.80M | 648.30M | 638.10M | 474.70M |
| Total Debt | 2.64B | 2.79B | 3.24B | 3.92B | 4.10B |
| Total Liabilities | 4.77B | 4.65B | 5.30B | 6.18B | 6.81B |
| Stockholders Equity | 10.51B | 9.55B | 9.22B | 8.17B | 7.62B |
Cash Flow | |||||
| Free Cash Flow | 1.07B | 1.11B | 721.20M | 394.20M | 723.00M |
| Operating Cash Flow | 1.19B | 1.19B | 836.10M | 486.80M | 824.60M |
| Investing Cash Flow | -937.90M | -207.20M | -190.30M | -175.40M | -3.82B |
| Financing Cash Flow | -555.20M | -945.80M | -651.50M | -110.00M | 2.81B |
Teledyne Technologies Technical Analysis
Neutral
634.77
Price Trends
646.62
Negative
592.13
Positive
568.75
Positive
Market Momentum
2.11
Negative
49.32
Neutral
70.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TDY, the sentiment is Neutral. The current price of 634.77 is above the 20-day moving average (MA) of 628.07, below the 50-day MA of 646.62, and above the 200-day MA of 568.75, indicating a neutral trend. The MACD of 2.11 indicates Negative momentum. The RSI at 49.32 is Neutral, neither overbought nor oversold. The STOCH value of 70.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TDY.
Teledyne Technologies Risk Analysis
Teledyne Technologies disclosed 42 risk factors in its most recent earnings report. Teledyne Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Teledyne Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $29.40B | 27.35 | 8.65% | ― | 7.41% | -12.85% | |
75 Outperform | $28.84B | 23.76 | 16.83% | ― | 0.77% | 0.51% | |
74 Outperform | $55.78B | 33.10 | 16.50% | ― | 7.95% | 39.54% | |
63 Neutral | $60.18B | 48.81 | 3.58% | ― | 20.80% | ― | |
63 Neutral | $15.62B | 43.86 | 7.46% | ― | -0.86% | -75.37% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $18.28B | 30.16 | 6.90% | 0.43% | -8.96% | -30.29% |
* Technology Sector Average
TDY
Teledyne Technologies
635.76
173.57
37.55%
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KEYS
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329.96
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FTV
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21.55%
Teledyne Technologies Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Teledyne Technologies Modifies SOFR Terms on Credit Facility
Positive
Feb 26, 2026
Teledyne Technologies Incorporated, party to a Second Amended and Restated Credit Agreement dated June 10, 2024, has amended its syndicated credit facility with Bank of America, N.A. serving as administrative agent and other lenders. On February 2...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.