Explain this page
Arphra AIPlain-English read on Teledyne Technologies Incorporated’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
B+Solid
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin39.2%
Operating margin18.8%
Net margin14.6%
ROE8.5%
ROA5.9%
ROIC7.3%
Liquidity & leverage
Current ratio1.64×
Quick ratio1.08×
Debt / equity0.25×
Net debt / EBITDA1.54×
Interest coverage19×
Efficiency & per-share
Asset turnover0.40×
Inventory days102
Days sales out.82
FCF / share$22.66
Book value / share$221.81
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Headline | ||||||||
| Market cap | — | — | — | $21.73B | $24.47B | — | — | — |
| Enterprise value | — | — | — | $23.87B | $26.76B | — | — | — |
| Multiples | ||||||||
| P / E | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 4.21 | 4.38 | — | — | — |
| EV / FCF | — | — | — | 21.54 | 24.92 | — | — | — |
| Yields | ||||||||
| Earnings yield | — | — | — | +3.77% | +3.66% | — | — | — |
| Free cash flow yield | — | — | — | +5.10% | +4.39% | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin | +39.91% | +42.69% | +43.29% | +42.94% | +39.22% | +40.95% | +40.99% | +41.84% |
| Operating margin | +13.53% | +17.81% | +18.36% | +17.44% | +18.80% | +17.91% | +18.17% | +18.63% |
| EBITDA margin | +21.59% | +24.36% | +24.00% | +23.03% | +24.37% | +24.34% | +23.18% | +23.22% |
| EBIT margin | +13.54% | +18.27% | +18.39% | +17.56% | +18.87% | +17.87% | +18.20% | +18.73% |
| Pre-tax margin | +11.57% | +16.64% | +17.02% | +16.54% | +17.90% | +16.95% | +16.79% | +17.06% |
| Net margin | +9.65% | +14.45% | +15.72% | +14.45% | +14.63% | +14.80% | +14.55% | +15.02% |
| Cost structure | ||||||||
| Cost of revenue / sales | +60.09% | +57.31% | +56.71% | +57.06% | +60.78% | +58.13% | +57.02% | +57.68% |
| R&D intensity | 0.00% | +6.45% | +6.32% | +5.16% | +5.19% | +5.50% | +5.63% | +5.67% |
| SG&A intensity | +23.14% | +14.73% | +15.12% | +15.92% | +15.05% | +15.05% | +15.37% | +15.14% |
| Effective tax rate | +16.58% | +13.13% | +7.54% | +12.50% | +18.16% | +13.22% | +13.08% | +13.01% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||
| Return on equity (ROE) | +5.84% | +9.65% | +9.60% | +8.57% | +8.51% | +8.85% | +8.74% | +8.95% |
| Return on assets (ROA) | +3.08% | +5.49% | +6.10% | +5.77% | +5.85% | +5.81% | +5.74% | +5.93% |
| Return on capital (ROC) | +5.33% | +8.04% | +8.29% | +8.01% | +8.74% | +8.27% | +8.33% | +8.58% |
| Return on invested capital (ROIC) | +3.80% | +6.52% | +7.10% | +6.64% | +6.80% | +6.84% | +6.68% | +6.92% |
| Asset turnover | +31.94% | +38.03% | +38.79% | +39.93% | +40.01% | +39.22% | +39.46% | +39.47% |
| DuPont · ROE decomposition | ||||||||
| Net margin | +9.65% | +14.45% | +15.72% | +14.45% | +14.63% | +14.80% | +14.55% | +15.02% |
| Asset turnover (× revenue / assets) | +31.94% | +38.03% | +38.79% | +39.93% | +40.01% | +39.22% | +39.46% | +39.47% |
| Equity multiplier (× assets / equity) | +189.53% | +175.63% | +157.47% | +148.61% | +145.38% | +152.42% | +152.13% | +150.85% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Asset turnover | 0.32 | 0.38 | 0.39 | 0.40 | 0.40 | 0.39 | 0.39 | 0.39 |
| Fixed-asset turnover | 5.58 | 7.09 | 7.25 | 7.61 | 7.29 | — | — | — |
| Inventory turnover | 3.68 | 3.51 | 3.48 | 3.54 | 3.56 | — | — | — |
| Receivables turnover | 4.26 | 4.71 | 4.69 | 4.67 | 4.47 | — | — | — |
| Payables turnover | 5.91 | 6.19 | 8.31 | 7.77 | 7.64 | — | — | — |
| Days outstanding | ||||||||
| Days sales outstanding (DSO) | 85.73 | 77.46 | 77.86 | 78.10 | 81.59 | — | — | — |
| Days inventory outstanding (DIO) | 99.11 | 103.92 | 104.80 | 103.16 | 102.44 | — | — | — |
| Days payables outstanding (DPO) | 61.80 | 59.00 | 43.93 | 46.98 | 47.78 | — | — | — |
| Cash conversion cycle | 123.03 | 122.38 | 138.73 | 134.28 | 136.25 | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.85 | 0.62 | 0.94 | 1.45 | 1.33 | 1.21 | 1.25 | 1.25 |
| FCF / Net income | 1.62 | 0.50 | 0.81 | 1.35 | 1.20 | 1.15 | 1.12 | 1.12 |
| FCF margin | +15.67% | +7.22% | +12.80% | +19.54% | +17.56% | +17.02% | +16.30% | +16.77% |
| OCF margin | +17.87% | +8.92% | +14.84% | +21.02% | +19.48% | +17.97% | +18.24% | +18.73% |
| CapEx / Revenue | +2.20% | +1.70% | +2.04% | +1.48% | +1.92% | +1.84% | +1.80% | +1.76% |
| CapEx / D&A | 0.27 | 0.28 | 0.36 | 0.27 | 0.35 | — | — | — |
| Stock-based comp / Revenue | +0.73% | +0.58% | +0.57% | +0.66% | +0.65% | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 10.05 | 16.53 | 18.49 | 17.21 | 18.88 | 24.12 | 26.03 | 27.98 |
| EPS · basic | 10.31 | 16.85 | 18.71 | 17.43 | 18.88 | 24.62 | 25.90 | 28.40 |
| Book value / share | 172.05 | 171.34 | 192.61 | 200.74 | 221.81 | 225.77 | 238.25 | 251.75 |
| Tangible BV / share | -70.12 | -44.88 | -22.03 | -9.41 | -5.78 | 225.77 | 238.25 | 251.75 |
| Sales / share | 104.16 | 114.44 | 117.65 | 119.12 | 129.02 | 134.97 | 143.03 | 149.89 |
| Operating CF / share | 18.61 | 10.21 | 17.46 | 25.04 | 25.13 | 24.26 | 26.08 | 28.08 |
| Free cash flow / share | 16.32 | 8.26 | 15.06 | 23.28 | 22.66 | 22.97 | 23.32 | 25.14 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 7y CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Top-line | |||||||||
| Revenue · YoY | — | +18.30% | +3.24% | +0.61% | +7.86% | +5.01% | +5.29% | +4.59% | +6.29% |
| Gross profit · YoY | — | +26.55% | +4.68% | -0.19% | -1.50% | +9.66% | +5.40% | +6.74% | +7.01% |
| Profit | |||||||||
| Operating income · YoY | — | +55.69% | +6.42% | -4.38% | +16.25% | +0.03% | +6.81% | +7.23% | +11.26% |
| EBITDA · YoY | — | +33.44% | +1.73% | -3.47% | +14.15% | +4.87% | +0.27% | +4.77% | +7.40% |
| Net income · YoY | — | +77.09% | +12.31% | -7.51% | +9.23% | +6.22% | +3.54% | +7.97% | +13.23% |
| Operating | |||||||||
| EBIT · YoY | — | +59.69% | +3.89% | -3.90% | +15.90% | -0.59% | +7.28% | +7.62% | +11.34% |
| R&D · YoY | — | — | +1.16% | -17.88% | +8.44% | +11.33% | +7.77% | +5.36% | — |
| Per-share | |||||||||
| EPS · diluted · YoY | — | +64.48% | +11.86% | -6.92% | +9.70% | +27.78% | +7.90% | +7.49% | +15.75% |
| EPS · basic · YoY | — | +63.43% | +11.04% | -6.84% | +8.32% | +30.41% | +5.21% | +9.63% | +15.58% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Leverage | ||||||||
| Total debt | $4.1B | $3.92B | $3.24B | $2.79B | $2.64B | $3.16B | $3.48B | $3.47B |
| Net debt | $3.62B | $3.28B | $2.6B | $2.14B | $2.29B | $2.55B | $2.82B | $2.8B |
| Net debt / EBITDA | 3.64 | 2.47 | 1.92 | 1.64 | 1.54 | 1.63 | 1.80 | 1.70 |
| Debt / equity | 0.54 | 0.48 | 0.35 | 0.29 | 0.25 | 0.29 | 0.31 | 0.29 |
| Debt / assets | +28.38% | +27.31% | +22.34% | +19.64% | +17.29% | +19.29% | +20.30% | +19.35% |
| Equity / assets | +52.76% | +56.94% | +63.50% | +67.29% | +68.78% | +65.61% | +65.73% | +66.29% |
| Coverage | ||||||||
| EBITDA / interest expense | 10.97 | 14.89 | 17.50 | 22.55 | 25.01 | 21.76 | 20.77 | 20.19 |
| Operating income / interest | 6.88 | 10.88 | 13.38 | 17.08 | 19.29 | 16.01 | 16.28 | 16.20 |
| Interest expense | $90.8M | $89.3M | $77.3M | $57.9M | $59.6M | $71.83M | $75.46M | $81.31M |
| Liquidity | ||||||||
| Current ratio | 1.62 | 1.85 | 1.69 | 2.33 | 1.64 | — | — | — |
| Quick ratio | 1.04 | 1.18 | 1.05 | 1.48 | 0.92 | — | — | — |
| Cash ratio | 0.32 | 0.42 | 0.37 | 0.52 | 0.19 | — | — | — |
| Working capital | $931M | $1.29B | $1.22B | $1.68B | $1.2B | — | — | — |
| Working capital / revenue | +20.18% | +23.71% | +21.57% | +29.68% | +19.55% | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 4.38x | 4.21x |
| Earnings yield | 3.7% | 3.8% |
| FCF yield | 4.4% | 5.1% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 8.5% | 8.6% |
| ROA | 5.9% | 5.8% |
| ROIC | 6.8% | 6.7% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 1.54 | 1.64 |
| Interest coverage | — | — |
| Current ratio | 1.64x | 2.33x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).