Teledyne Technologies Incorporated (TDY) Income Statement
TDY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTDY revenue and net income
Where TDY's revenue goes
2025Each bar shows an amount and its share of revenue. TDY kept 14.6% of revenue as net income.
TDY profit margins
TDY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.9% | +3.9% | +14.7% | +10.3% |
| Gross profit | −1.5% | +1.0% | +15.2% | +10.7% |
| Operating income | +16.2% | +5.8% | +19.1% | +15.1% |
| Net income | +9.2% | +4.3% | +17.4% | +16.4% |
| EPS (diluted) | +11.5% | +6.6% | +14.3% | +15.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TDY quarterly EPS vs estimates
Teledyne beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 21, 2026 (estimate $6.15).
TDY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.12B | $5.67B | $5.64B | $5.46B | $4.61B | $3.09B | $3.16B | $2.90B | $2.60B | $2.15B |
| Cost of revenue | $3.72B | $3.24B | $3.20B | $3.13B | $2.77B | $1.91B | $1.92B | $1.79B | $1.62B | $1.33B |
| Gross profit | $2.40B | $2.43B | $2.44B | $2.33B | $1.84B | $1.18B | $1.24B | $1.11B | $979.8M | $820.4M |
| Research & development | $317.3M | $292.6M | $356.3M | $352.2M | $299.3M | $196.0M | $209.6M | $185.6M | $177.7M | $167.7M |
| Sales, general & admin | $931.1M | $902.6M | $1.20B | $1.15B | $1.06B | $649.9M | $707.1M | $680.7M | $644.2M | $566.6M |
| Total operating expenses | $1.25B | $1.45B | $1.41B | $1.36B | $1.22B | $700.8M | $751.6M | $694.2M | $658.1M | $579.9M |
| Operating income | $1.15B | $989.1M | $1.03B | $972.0M | $624.3M | $480.1M | $491.7M | $416.6M | $321.7M | $240.5M |
| Interest income | $59.6M | $57.9M | $77.3M | $89.3M | $104.2M | $15.3M | $21.0M | $26.0M | $36.1M | $23.2M |
| Interest expense | $59.6M | $57.9M | $77.3M | $89.3M | $90.8M | $15.3M | $21.0M | $25.5M | $33.1M | $23.2M |
| Income before taxes | $1.09B | $937.9M | $958.9M | $908.1M | $533.8M | $469.7M | $473.7M | $393.9M | $287.0M | $244.5M |
| Income taxes | $198.8M | $117.2M | $72.3M | $119.2M | $88.5M | $67.8M | $71.4M | $60.1M | $59.8M | $51.6M |
| Net income | $894.8M | $819.2M | $885.7M | $788.6M | $445.3M | $401.9M | $402.3M | $333.8M | $227.2M | $190.9M |
| EBITDA | $1.49B | $1.31B | $1.35B | $1.33B | $996.4M | $601.2M | $606.6M | $532.4M | $433.1M | $351.8M |
| EPS (diluted) | $22.02 | $19.75 | $19.69 | $18.18 | $16.53 | $11.27 | $10.13 | $8.98 | $6.91 | $5.28 |
| Gross margin | 39.2% | 42.9% | 43.3% | 42.7% | 39.9% | 38.3% | 39.3% | 38.3% | 37.6% | 38.2% |
| Operating margin | 18.8% | 17.4% | 18.4% | 17.8% | 13.5% | 15.6% | 15.5% | 14.4% | 12.4% | 11.2% |
| Net margin | 14.6% | 14.4% | 15.7% | 14.4% | 9.7% | 13.0% | 12.7% | 11.5% | 8.7% | 8.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.66B | $1.56B | $1.61B | $1.54B | $1.51B | $1.45B | $1.50B | $1.44B | $1.37B | $1.35B | $1.43B | $1.40B |
| Cost of revenue | $924.4M | $943.9M | $1.14B | $880.0M | $869.1M | $830.4M | $859.6M | $823.9M | $781.5M | $770.2M | $801.9M | $797.2M |
| Gross profit | $738.1M | $616.2M | $474.6M | $659.5M | $644.6M | $619.5M | $642.7M | $619.6M | $592.6M | $579.9M | $623.1M | $605.3M |
| Research & development | $90.2M | $84.6M | $77.2M | $83.4M | $82.4M | $74.3M | — | — | $71.7M | $76.5M | $365.8M | — |
| Sales, general & admin | $258.7M | $237.4M | $229.6M | $238.2M | $229.4M | $233.9M | $21.6M | $299.1M | $293.8M | $293.5M | $299.9M | $291.9M |
| Total operating expenses | $404.9M | $322.0M | $145.1M | $376.7M | $366.4M | $360.2M | $405.6M | $348.9M | $345.6M | $345.6M | $351.6M | $341.0M |
| Operating income | $333.2M | $294.2M | $329.5M | $282.8M | $278.2M | $259.3M | $237.1M | $270.7M | $247.0M | $234.3M | $271.5M | $264.3M |
| Interest income | — | — | $12.1M | $12.6M | $17.6M | $17.3M | $13.7M | $15.7M | — | — | — | $18.4M |
| Interest expense | $13.6M | $12.3M | $12.1M | $12.6M | $17.6M | $17.3M | $13.7M | $15.7M | $15.8M | $12.7M | $15.6M | $18.4M |
| Income before taxes | $321.3M | $278.7M | $321.2M | $273.8M | $260.6M | $238.9M | $225.6M | $255.1M | $231.7M | $225.5M | $254.2M | $246.1M |
| Income taxes | $69.6M | $51.9M | $45.6M | $52.9M | $50.2M | $50.1M | $26.5M | −$7.1M | $51.4M | $46.4M | −$69.3M | $47.3M |
| Net income | $251.7M | $226.8M | $275.6M | $220.7M | $209.9M | $188.6M | $198.5M | $262.0M | $180.2M | $178.5M | $323.1M | $198.6M |
| EBITDA | $419.8M | $378.2M | $417.9M | $370.9M | $367.4M | $336.9M | $321.0M | $347.7M | $325.3M | $316.2M | $347.2M | $341.4M |
| EPS (diluted) | $6.28 | $5.80 | $6.30 | $5.57 | $5.20 | $4.95 | $5.52 | $5.10 | $4.58 | $4.55 | $5.44 | $5.05 |
| Gross margin | 44.4% | 39.5% | 29.4% | 42.8% | 42.6% | 42.7% | 42.8% | 42.9% | 43.1% | 43.0% | 43.7% | 43.2% |
| Operating margin | 20.0% | 18.9% | 20.4% | 18.4% | 18.4% | 17.9% | 15.8% | 18.8% | 18.0% | 17.4% | 19.1% | 18.8% |
| Net margin | 15.1% | 14.5% | 17.1% | 14.3% | 13.9% | 13.0% | 13.2% | 18.2% | 13.1% | 13.2% | 22.7% | 14.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TDY's financial statements (latest annual report filed February 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TDY financial results
In fiscal year 2025 (ended December 31, 2025), Teledyne reported revenue of $6.1 billion, up 7.9% from the year before. It had net income of $894.8 million (up 9.2%), a net profit margin of 14.6%. Diluted earnings per share came to $22.02. Over five years revenue grew at an average rate of 14.7% a year.
See the TDY stock overview for the latest quote and news, or the TDY chart for price history and technical indicators.
TDY income statement FAQ
What is Teledyne's annual revenue?
Teledyne reported total revenue of $6.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.9% from $5.7 billion the previous year.
Is Teledyne profitable?
Yes. Teledyne reported net income of $894.8 million in fiscal 2025, a net profit margin of 14.6%; its operating margin was 18.8%.
What is Teledyne's gross margin?
Teledyne's gross margin was 39.2% in fiscal 2025: for every $100 of revenue, Teledyne kept $39 after the direct cost of its products and services.
How much does Teledyne spend on research and development?
Teledyne spent $317.3 million on research and development in fiscal 2025, 5.2% of revenue.
How fast is Teledyne growing?
Revenue grew 14.7% a year on average over the last five fiscal years, from $3.1 billion to $6.1 billion.
What are Teledyne's earnings per share?
Teledyne earned $22.02 per diluted share in fiscal 2025, compared with $19.75 a year earlier.
When will Teledyne report its next earnings?
Teledyne is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 before the market opens.
When does Teledyne's fiscal year end?
Teledyne's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 20, 2026.