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Teledyne Technologies Income Statement

Revenue, expenses, and profitability over time

Teledyne Technologies generated $6.2B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $933.0M with a 14.99% net margin. Gross margin stands at 42.87% and operating margin at 19.03%. Diluted EPS is $19.75, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$6.2BGross Profit (TTM)$2.7BOperating Income (TTM)$1.2BNet Income (TTM)$933.0MEps Diluted (TTM)$19.75
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$28.9B
P/E Ratio30.97
ROE9.05%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits$900K$4.1M$11.4M$10.4M$4.1M-$100K
Depreciation and amortization$77.2M$80.7M$86.5M$84.5M$84.6M$87.2M
Impairment charges$13.1M$0$0$0$0—
Litigation matter—$375K$375K$375K$375K$1.5M
Other operating expenses—-$950K-$950K-$950K-$950K—
Research and development$71.4M$74.3M$82.4M$83.4M$77.2M$84.6M
Restructuring charges$3.9M$4.7M$4.7M$4.7M$4.7M—
Selling, general and administrative$232M$233.9M$229.4M$238.2M$229.6M$237.4M
Total operating expenses$1.3B$1.2B$1.2B$1.3B$1.3B$1.3B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$4.25$4.03$4.48$4.71$5.89$4.90
Diluted earnings per share$4.20$3.99$4.43$4.65$5.82$4.85
Weighted-average shares, basic47M46.8M46.9M46.9M46.8M46.3M
Weighted-average shares, diluted47.6M47.3M47.4M47.5M47.4M46.8M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$642.7M$619.5M$644.6M$659.5M$691.2M$673.8M
Operating income$237.1M$259.3M$278.2M$282.8M$329.5M$294.2M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$225.6M$238.9M$260.6M$273.8M$321.2M$278.7M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$26.5M$50.1M$50.2M$52.9M$45.6M$51.9M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$13.7M$17.3M$17.6M$12.6M$12.1M$12.3M
Other income (expense), net-$400K-$5.9M-$2.7M$900K-$13.9M-$5.9M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income attributable to noncontrolling interests$600K$200K$500K$200K$0$0
Net income$198.5M$188.6M$209.9M$220.7M$275.6M$226.8M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Share-based compensation expense related to employee stock plans$3.3M$4.1M$11.4M$10.4M$4.1M-$100K
Pre-tax stock-based compensation cost—$8.9M$11.3M$10.5M—$5.6M
Amortization of capitalized software and acquired intangible assets$49.7M$52M$54.6M$55.1M$54.9M$57.6M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation$88.8M-$188.3M-$150.6M—-$176.2M$169M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$0$342.2M$438.5M$181.2M$347.4M$164.6M
Less: comprehensive income attributable to noncontrolling interest$600K$200K$500K$200K$0$0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest$0$342.4M$439M$181.4M$347.4M$164.6M
Contract asset change$2.4M$15.6M$15.6M$15.6M$15.6M—
Contract asset change (in percent)3.2%———20.0%—
Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Estimate of Transaction Price-$7.6M$2.3M-$400K$6.7M-$21.3M$8.6M
Contract liability change (in percent)28.7%———17.5%—
Contract liability change$19.1M$15M$15M$15M$15M—
Revenue recognized that was included in deferred income at the beginning of the period$22.1M$98.3M$54.4M$40M$9.2M$95.2M
Federal$37.3M$36.1M$36.1M$36.1M$36.1M—
Foreign$10.1M$20.8M$20.8M$20.8M$20.8M—
Current State And Local Tax Expense Benefit$6.4M$7.4M$7.4M$7.4M$7.4M—
Deferred compensation employee contribution vesting (in percent)100.0%———100.0%—
Federal-$14M-$6.8M-$6.8M-$6.8M-$6.8M—
Deferred Foreign Income Tax Expense Benefit-$8.7M-$6.1M-$6.1M-$6.1M-$6.1M—
State-$1.9M-$1.9M-$1.9M-$1.9M-$1.9M—
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)$250K—————
Annuity premiums$4.5M$4M$4M$4M$4M—
Covered pension plan participant71.5052.7552.7552.7552.75—
Defined Benefit Plan Settlements Plan Assets$2.3M$3.1M$3.1M$3.1M$3.1M—
Defined Contribution Plan Cost Recognized$7.6M$6.1M$6.1M$6.1M$6.1M—
Depreciation$27.8M$29.8M$29.8M$29.8M$29.8M—
Effect of exchange rate changes on cash, cash equivalents and restricted cash-$41.2M$4.5M——$3.5M-$300K
Effective tax rates—$0.2$0.2$0.2—$0.2
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent————0.2%—
Effective Income Tax Rate Reconciliation, Cross-Border, Other, Amount—-$950K-$950K-$950K-$950K—
Other————-0.3%—
Discrete income tax benefits—$3.7M-$8.4M-$4.9M—$8M
Effective Income Tax Rate Reconciliation, FDII, Amount—$6.3M$6.3M$6.3M$6.3M—
Effective Income Tax Rate Reconciliation, FDII, Percent————2.3%—
Foreign operations2.6%———1.6%—
Other—-$0-$0-$0-$0—
Excess tax benefits associated with employee equity plans (in percent)-1.4%—————
Changes in unrecognized tax benefits-8.5%———-3.0%—
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Percent0.8%—————
Effective Income Tax Rate Reconciliation Tax Credits Research1.3%———1.5%—
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent————0.2%—
Effective Income Tax Rate Reconciliation, U.S. Export Sales, Percent1.9%—————
Federal Income Tax Expense Benefit Continuing Operations$23.4M$29.4M$29.4M$29.4M$29.4M—
Acquired intangibles—$56.1M$56.1M$56.1M$56.1M—
Foreign Income Tax Expense Benefit Continuing Operations$1.5M$14.8M$14.8M$14.8M$14.8M—
Goodwill Additions—$456.6M$0$1.1M$24.1M$35.5M
Translation and other-$25.4M———$11.8M-$35.6M
Impairment of intangible assets$13.1M$0$0$0$0—
Income Loss From Continuing Operations Before Income Taxes Domestic$131.9M$175.7M$175.7M$175.7M$175.7M—
Income Loss From Continuing Operations Before Income Taxes Foreign$102.6M$97.9M$97.9M$97.9M$97.9M—
Federal taxes—$32.2M$32.2M$32.2M$32.2M—
State taxes—$9M$9M$9M$9M—
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount—$500K$500K$500K$500K—
Income Tax Reconciliation Foreign Income Tax Rate Differential—$4.4M$4.4M$4.4M$4.4M—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount—$57.5M$57.5M$57.5M$57.5M—
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount—-$825K-$825K-$825K-$825K—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount—$3.9M$3.9M$3.9M$3.9M—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount—$4.4M$4.4M$4.4M$4.4M—
Changes in unrecognized tax benefits—-$8.1M-$8.1M-$8.1M-$8.1M—
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount—$500K$500K$500K$500K—
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount—$4.2M$4.2M$4.2M$4.2M—
Income Taxes Paid, Net$53.3M$70.1M$70.1M$70.1M$70.1M—
Increase (Decrease) in Accounts and Other Receivables—$5.6M$16.6M—$23.8M$28.5M
Accounts payable—$53.1M—$10.6M$21.7M$60.4M
Accrued liabilities$20.3M-$57.3M$44.4M$60.9M$23.2M-$43.7M
Deferred taxes and income taxes receivable (payable), net-$57.6M$19.2M-$91.6M-$1.8M-$12.4M$11.7M
Increase (Decrease) in Inventories—$33.5M$11.8M$14.2M—$86.7M
Increase (Decrease) in Other Operating Assets and Liabilities, Net—$8.7M-$52.4M-$1.1M$0-$14.8M
Increase (Decrease) in Prepaid Expense and Other Assets—$3M$8.6M$38.8M$0$13.6M
Debt$14.5M$14.9M$14.9M$14.9M$14.9M—
Interest Paid, Excluding Capitalized Interest, Operating Activity$18.4M$17.8M$17.8M$17.8M$17.8M—
Loss Contingency Claims Settled Number—————$19
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$173.4M$339.6M-$344.4M-$88.7M-$461.7M$18.4M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$29M-$775M-$30.2M-$35.7M-$97M-$83.1M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$332.4M$242.6M$226.6M$343.1M$379M$234M
Net Income Loss Attributable To Noncontrolling Interest$600K$200K$500K$200K$0$0
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component-$2.6M-$2.8M-$2.7M-$2.7M-$2.7M-$2.7M
Number of completed acquisitions0.503.00———1.00
Domestic qualified defined benefit pension plans0.500.500.500.500.50—
Number of operating segments1.001.001.001.001.00—
Number of reportable segments—4.00———4.00
Other comprehensive income/(loss) before reclassifications-$254.6M$151.4M$227M-$41.3M$42.4M-$64.3M
Operating Lease Payments$9.9M$10.9M$10.9M$10.9M$10.9M—
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent-$8.5M-$1.5M-$1.7M-$2.3M-$29.5M-$2.5M
Foreign currency translation-$251.2M$150.8M$224.4M-$40.5M$42.1M-$63.9M
Change in net unrealized gain (loss) on derivative instruments-$3.9M$1.3M$2.5M-$1.3M$200K-$800K
Other comprehensive income (loss)-$246.6M$153.6M$228.6M-$39.5M$71.8M-$62.2M
Other comprehensive income/(loss)-$246.6M$153.6M$228.6M-$39.5M$71.8M-$62.2M
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax$18.6M$15.7M$15.7M$15.7M$15.7M—
Tax expense (benefit)$150K$3.1M$3.1M$3.1M$3.1M—
Other income, net (Note 6)-$400K-$5.9M-$2.7M$900K-$13.9M-$5.9M
Payments for civil penalty—————$1M
Payments For Proceeds From Hedge Financing Activities$4.7M$0$0$0$0—
Payment for (Proceeds from) Other Investing Activity$0-$600K-$100K-$100K$0$0
Payments to Acquire Businesses, Net of Cash Acquired$0$757.6M$0$6.6M$57.2M$53.4M
Payments to Acquire Productive Assets$20.9M$29.3M$29.3M$29.3M$29.3M—
Payments to Acquire Property, Plant, and Equipment$29M$18M$30.3M$29.2M$39.8M$29.7M
Proceeds From Income Tax Refunds$5M—————
Financing — other-$4.3M-$4.8M-$300K—-$8.6M-$10.3M
Proceeds From Repayments Of Lines Of Credit$0$315M———$0
Proceeds From Repayments Of Other Debt—-$100K-$900K-$400K—-$200K
Cash received from option exercises$21.4M$29.5M$4.7M$13M$1.6M$28.9M
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent-$8M-$2.2M-$1.6M-$1.8M-$29.4M-$2.1M
Revenue From Contract With Customer Excluding Assessed Tax$1.5B$1.4B$1.5B$1.5B$1.6B$1.6B
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$3.5M$12.1M$12.1M$12.1M$12.1M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period25.1K7492.6K15.7K21.4K4.4K
Forfeited or expired (in shares)$388.82$405.53$390.87$418.86$418.75$237.90
Options granted (in shares)67K———67.7K—
Share Based Compensation Arrangement by Share Based Payment Award Option, Grants in Period, Weighted Average Exercise Price$441.98———$467.63—
Intrinsic value of stock options exercised$18.1M$18.4M$18.4M$18.4M$18.4M—
Exercised (in shares)$155.26$215.36$199.16$202.86$207.23$212.41
Standard Product Warranty Accrual Additions From Business Acquisition—$400K——$100K$100K
Standard Product Warranty Accrual, Decrease for Payments$5.7M$3.8M$4.2M$4.9M$5.1M$7.5M
Current-period accruals$7.3M$7.4M$6.5M$5.3M$5M$6.7M
State And Local Income Tax Expense Benefit Continuing Operations$4.5M$5.6M$5.6M$5.6M$5.6M—
New issues (in shares)101K———0—
Stock Issued During Period Shares Restricted Stock Award Forfeited————8K—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period244.1K137.1K23.5K64.2K235.2K136.2K
Stock Issued During Period Shares Treasury Stock Reissued159K———275.1K—
Stock Issued During Period, Value, Stock Options Exercised$21.4M$29.5M$4.7M$13M$1.6M$28.9M
Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures, value—$0$0$0$0—
Stock Option Plan Expense$7.7M$8.9M$11.3M$10.5M$8.9M$5.6M
Stock Repurchased During Period Shares0———0—
Treasury stock, value, acquired——$2.9M——$2.9M
Treasury shares acquired$88.5M$100M$100M$100M$100M—
Unrecognized tax benefits, settlements$11.7M$6.6M$6.6M$6.6M$6.6M—
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation$2.5M$1.6M$1.6M$1.6M$1.6M—
Interest expense and penalties, net (benefit)/charge recognized-$4M$600K$600K$600K$600K—
Foreign currency effect$2.5M—————
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions$450K$700K$700K$700K$700K—
Unrecognized Tax Benefits Increases Resulting From Acquisition$0$0$0$0$0—
Additions for tax positions of prior years$250K$16.4M$16.4M$16.4M$16.4M—
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations$4.4M$3.5M$3.5M$3.5M$3.5M—
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount$500K$1.2M$1.2M$1.2M$1.2M—
Variable Lease Cost$325K$225K$225K$225K$225K—
Add: dilutive effect of potential common shares (in shares)—$500K$500K$600K—$500K

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$859.6M$830.4M$869.1M$880M$921.1M$886.3M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.5B$1.4B$1.5B$1.5B$1.6B$1.6B