Short answer

Teledyne Technologies (TDY) filed its fiscal 2025 10-K annual report with the SEC on Feb 20, 2026. It reported revenue of $6.1B (+7.9% year over year) and net income of $895M.

Top risk flagged: Risk of non-cash goodwill impairment at FLIR reporting unit with $5.2B goodwill, fair value only 8% above carrying value as of 2025

FY2025 key financial metrics · XBRL

Revenue: $6.1B; +7.9% YoY
Net income: $895M; +9.2% YoY
Operating margin: 18.8%; +1.4 pp YoY
EPS (diluted): $18.88; +9.7% YoY
ROE: 8.5%; −0.1 pp YoY
Operating cash flow: $1.2B; −0.1% YoY

Source: XBRL data from the Teledyne Technologies (TDY) FY2025 10-K on SEC EDGAR. USD.

Teledyne Technologies FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

Core business model not detailed in this filing section; focus on corporate governance and compliance policies
Newly adopted insider trading policy with Exhibit 19.1 filed for fiscal year ended December 28, 2025
Emphasis on regulatory compliance with federal securities laws and exchange listing requirements in securities trading
Executive compensation, stock ownership, related party transactions, and auditor fees disclosed only by reference to 2026 Proxy Statement
No operational or financial metrics presented; filing centers on governance, compensation, and compliance disclosures

Management Discussion & Analysis

Revenue $6,115M, up 7.9% YoY ($445M increase); Aerospace and Defense Electronics best performer, +36.3% to $1,059M, Engineered Systems declined 0.9% to $436M
Operating margin 18.8% (operating income $1,149.8M on $6,115M sales) vs 17.4% (989.1M on 5,670M sales); Digital Imaging margin 16.7% vs 14.4%
Cash flow from operations $1,191M; stock repurchases $400M (0.8M shares), senior notes repurchased $177M; capex planned $150M for 2026
net income $895M, EPS $18.88 vs $819M/ $17.21; Aerospace segment margin slightly declined 24.8% vs 28.5% due to integration costs
Management plans $60-70M cash tax reduction in 2026 from new tax law; risks include tariffs, supply chain disruptions, and potential US government shutdown impacts

Risk Factors

Risk of non-cash goodwill impairment at FLIR reporting unit with $5.2B goodwill, fair value only 8% above carrying value as of 2025
Exposure to U.S.-China trade tensions risking tariffs and rare earth mineral supply crucial for manufacturing
Potential delays in U.S. government contract awards and payments due to government shutdowns affecting cash flow timing
Competitive threat from new technologies impacting FLIR business unit profitability and intangible asset valuations
Income tax risk with $10.9M incremental annual tax provision if U.S. nominal tax rate rises by 100 basis points

Generated from the filing text; verify against the original. How to read a 10-K

Ask about this 10-K

Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.

Start free