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Arphra AIPlain-English read on Teledyne Technologies Incorporated’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E |
|---|---|---|---|---|---|---|---|---|
| Revenue & profit | ||||||||
| Revenue | $4.61B | $5.46B | $5.64B | $5.67B | $6.12B | $6.42B | $6.76B | $7.07B |
| Cost of revenue | $2.77B | $3.13B | $3.2B | $3.24B | $3.72B | $3.73B | $3.86B | $4.08B |
| Gross profit | $1.84B | $2.33B | $2.44B | $2.43B | $2.4B | $2.63B | $2.77B | $2.96B |
| Gross margin | +39.91% | +42.69% | +43.29% | +42.94% | +39.22% | +40.95% | +40.99% | +41.84% |
| Operating | ||||||||
| Research & development | $0 | $352.2M | $356.3M | $292.6M | $317.3M | $353.24M | $380.67M | $401.09M |
| Selling, general & administrative | $1.07B | $804M | $852M | $902.6M | $920.2M | $966.59M | $1.04B | $1.07B |
| Total operating expenses | $1.22B | $1.36B | $1.41B | $1.45B | $1.25B | $1.49B | $1.6B | $1.65B |
| Operating income | $624.3M | $972M | $1.03B | $989.1M | $1.15B | $1.15B | $1.23B | $1.32B |
| Operating margin | +13.53% | +17.81% | +18.36% | +17.44% | +18.80% | +17.91% | +18.17% | +18.63% |
| EBITDA | $996.4M | $1.33B | $1.35B | $1.31B | $1.49B | $1.56B | $1.57B | $1.64B |
| EBIT | $624.6M | $997.4M | $1.04B | $995.8M | $1.15B | $1.15B | $1.23B | $1.32B |
| Below the line | ||||||||
| Interest expense | $90.8M | $89.3M | $77.3M | $57.9M | $59.6M | $71.83M | $75.46M | $81.31M |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other income / expense | -$90.5M | -$63.9M | -$75.5M | -$51.2M | -$55.3M | — | — | — |
| Pre-tax income | $533.8M | $908.1M | $958.9M | $937.9M | $1.09B | $1.09B | $1.13B | $1.21B |
| Income tax expense | $88.5M | $119.2M | $72.3M | $117.2M | $198.8M | $143.94M | $148.41M | $156.94M |
| Earnings | ||||||||
| Net income | $445.3M | $788.6M | $885.7M | $819.2M | $894.8M | $950.46M | $984.11M | $1.06B |
| Net income · continuing ops | $445.3M | $788.9M | $886.6M | $820.7M | $895.7M | $942.19M | $1.03B | $1.08B |
| Net margin | +9.65% | +14.45% | +15.72% | +14.45% | +14.63% | +14.80% | +14.55% | +15.02% |
| EPS · basic | $10.31 | $16.85 | $18.71 | $17.43 | $18.88 | $24.62 | $25.90 | $28.40 |
| EPS · diluted | $10.05 | $16.53 | $18.49 | $17.21 | $18.88 | $24.12 | $26.03 | $27.98 |
| EPS · low estimate | — | — | — | — | — | $23.93 | $25.52 | $26.95 |
| EPS · high estimate | — | — | — | — | — | $24.27 | $26.54 | $29.01 |
| Shares · basic | 43.2M | 46.8M | 47.33M | 46.71M | 47.4M | 47.26M | 46.96M | 47.5M |
| Shares · diluted | 44.3M | 47.7M | 47.9M | 47.6M | 47.4M | 47.58M | 47.27M | 47.18M |
| Coverage | ||||||||
| Analysts (revenue) | — | — | — | — | — | 7 | 8 | 7 |
| Analysts (EPS) | — | — | — | — | — | 7 | 7 | 2 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
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