# Teledyne Technologies Incorporated (TDY) — Stock CV

Teledyne Technologies Incorporated is a $28.4B technology company. Revenue grew 7.9% over the last year, it keeps 15¢ of every dollar of sales as profit, and its net debt equals ~1.5 years of free cash flow. It trades at 29.2× earnings — around the middle of its own history.

> Teledyne Technologies Inc provides enabling technologies to sense, analyze and distribute information for industrial growth markets that require advanced technology and high reliability. The firm operates in four segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems.

## Identity

- **Ticker**: TDY
- **Sector**: Technology
- **Industry**: Search, Detection, Navigation, Guidance, Aeronautical Sys
- **Headquarters**: THOUSAND OAKS, CA
- **Employees**: 15 800
- **Website**: https://www.teledyne.com
- **Market cap**: $28.4B
- **Last price**: $612.00
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $6.37B
- **Net income**: $975M
- **Free cash flow**: $1.14B
- **Net debt**: $1.67B
- **P/E**: 29.2
- **Revenue growth (YoY)**: 7.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 49 |
| Growth | 72 |
| Profitability | 57 |
| Health | 62 |
| Quality | 92 |
| Moat | 56 |

## Qualifications (beginner checklist) — 8 of 10 passed

- [x] Revenue growing — +7.9% YoY
- [x] Profitable — $975M TTM
- [x] Profit growing — +4.5% YoY
- [x] Generates cash — $1.14B TTM
- [x] Debt under control — ~1.5y of cash flow to repay
- [x] Established company — $28.4B market cap
- [ ] Not printing shares — +25.1% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 50/100
- [x] Valuation not extreme — P/E 29.2

## Experience (career milestones)

- **FY2025** — Best year on record: $895M net income
- **2023** — Teledyne Technologies acquired Xena Networks, a high-speed terabit Ethernet validation, assurance
- **2021** — It was announced Teledyne Technologies would acquire FLIR Systems for $8 billion
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $2.15B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2006** — Teledyne acquired Rockwell Scientific in 2006, and continued doing scientific and industrial research at the site…
- **Nov 29, 1999** — Three separate entities, Teledyne Technologies, Allegheny Technologies
- **1999** — Teledyne acquired certain assets of Mattituck Aviation Corporation, a privately owned aftermarket…
- **1994** — Teledyne was subjected to a hostile takeover attempt by WHX Corporation
- **1962** — Teledyne continued to acquire companies primarily through equity agreements
- **1961** — Teledyne stock was first offered to the public in May 1961
- **1960** — It was founded in 1960, as Teledyne, Inc. by Henry Singleton and George Kozmetsky
- **1960** — It made its first acquisition by purchasing a majority stake in Amelco, a small electronics…

## Strengths

- High gross margin (43.3%)
- Strong cash conversion — FCF is 17.9% of revenue
- Interest covered 19.4× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $4.61B | $445M | $723M |
| FY2022 | $5.46B | $789M | $394M |
| FY2023 | $5.64B | $886M | $721M |
| FY2024 | $5.67B | $819M | $1.11B |
| FY2025 | $6.12B | $895M | $1.07B |

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Source: https://stockcv.com/TDY — derived from company filings; may be delayed or incomplete. Information, not investment advice.