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Teledyne Technologies TDY Unbilled Revenue

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Other financials

Income statement

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Revenue$1.6B+7.6%
Gross profit$673.8M+8.8%
Operating income$294.2M+13.5%
Net income$226.8M+20.3%
EPS (diluted)$4.85+21.6%

Balance sheet

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Cash & equivalents$521.4M+13.0%
Total debt$2.5B-16.5%
Total equity$10.7B+7.9%
Total assets$15.5B+3.0%

Cash flow

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Operating cash flow$234.0M-3.5%
CapEx$29.7M+65.0%
Free cash flow$204.3M-9.0%

Valuation

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Market cap$30.9B+27.2%
Enterprise value$32.85B+23.5%
P/E33.1×+4.8×
P/S+0.9×

Profitability

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Gross margin42.9%0.0pp
Operating margin19%+1.5pp
Net margin15%+0.6pp
FCF margin16.9%-1.4pp

Returns & leverage

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Return on equity9%+0.4pp
Debt / equity0.2×-0.1×
Current ratio1.8×-0.4×

Where this comes from

Reported directly by Teledyne Technologies in its filing.

Tagged under the XBRL concept us-gaap:UnbilledReceivablesCurrent.

The official record: Teledyne Technologies’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Teledyne Technologies's unbilled revenue?
Teledyne Technologies (TDY) reported unbilled revenue of $419M in Q1 2026.
How has Teledyne Technologies's unbilled revenue changed year-over-year?
Teledyne Technologies's unbilled revenue increased by 13.8% year-over-year, from $368.3M to $419M.
What is the long-term trend for Teledyne Technologies's unbilled revenue?
Over 5 years (2020 to 2025), Teledyne Technologies's unbilled revenue has grown at a 11.0% compound annual growth rate (CAGR), from $222.1M to $374.6M.
What does unbilled revenue mean?
This reflects revenue recognized under accounting standards for work performed or milestones reached that has not yet been formally invoiced to the customer. It is common in long-term government contracts where billing cycles are tied to specific project phases. A high balance indicates significant work-in-progress that will eventually convert to accounts receivable.