Teledyne Technologies Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Teledyne Technologies Inc (TDY) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Teledyne Technologies Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 6,520M vs 5,142M combined for its competitors (55.9% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+3.4% annualized vs trailing 12 months), vs accelerating (+8.8%) for its tracked peer group.
- Growth: Teledyne Technologies Inc generated 9.4% revenue growth year over year in Q3 2026, vs 20.8% for its competitors combined.
- Profitability: Its 16.2% net margin compares with 10.4% for the peer group.
- Scale: Teledyne Technologies Inc ranks #9 of 56 companies by market capitalization in the Aerospace & Defense industry, holding 3.7% of industry market cap.
- Peer revenue share: Teledyne Technologies Inc accounted for 54.6% of combined revenue among its tracked peer group, down from 57.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.41M compares with $0.70M for the peer group (0.6x).
- Structure: Teledyne Technologies Inc operates in the following segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, Engineered Systems.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
TDY Sales vs. its Competitors, Q3 2026
Teledyne Technologies Inc reported revenue growth of 9.44 % year on year in Q3 2026, below its competitors' combined revenue growth of 20.77 %.
With a net margin of 16.19 %, Teledyne Technologies Inc achieved higher profitability than its competitors (10.42 %).
Teledyne Technologies Inc generated 54.64 % of the combined sales of its peer group, down from 57.07 % a year earlier.
API endpoints for this dataset
Teledyne Technologies Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Teledyne Technologies Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Teledyne Technologies Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Teledyne Technologies Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Teledyne Technologies Inc's competitor groups requires a Commercial License.
For context: the Aerospace & Defense industry grew revenue 12.6% year over year, combined, vs 9.4% for Teledyne Technologies Inc. Teledyne Technologies Inc's share of combined industry revenue moved from 1.36% to 1.32%, a loss of 0.04 percentage points.
Teledyne Technologies Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Teledyne Technologies Inc | Yes | Yes | No | No |
| Competitors combined (8) | ||||
| High-Confidence Competitors (18) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 100.00 % (8 of 8) | 25.00 % (2 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
TDY Stock Performance relative to its Competitors
TDY Stock Performance relative to High-Confidence Competitors
TDY Stock Performance relative to Similar-Size Competitors
TDY Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Iridium Communications Inc | 282.9% | Outperformed |
| 2 | Pc Connection Inc | 282.9% | Outperformed |
| 3 | Kvh Industries Inc | 282.9% | Outperformed |
| 4 | Coda Octopus Group Inc | 282.9% | Outperformed |
| 5 | Mirion Technologies Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Teledyne Technologies Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Teledyne Technologies Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Teledyne Technologies Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Teledyne Technologies Inc |
29,012.34 | 6,519.80 |
 Mirion Technologies Inc |
4,903.82 | 1,080.20 |
 Iridium Communications Inc |
4,797.10 | 906.87 |
 Pc Connection Inc |
2,013.66 | 3,154.65 |
 Kvh Industries Inc |
117.54 | 135.01 |
 Coda Octopus Group Inc |
94.12 | 27.95 |
| SUBTOTAL | 41,013.10 | 12,127.23 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Teledyne Technologies Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Teledyne Technologies Inc's Competitors Named by the Company
Competitive relationships identified from Teledyne Technologies Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Mirion Technologies Inc | Company report | 85% |
| Leonardo Drs Inc | Company report | 85% |
| Aerovironment Inc | Company report | 85% |
| 908 Devices inc | Company report | 85% |
| Coda Octopus Group Inc | Company report | 85% |
| Dover Corp | Company report | 85% |
| Kvh Industries Inc | Company report | 85% |
| Senstar Technologies Corporation | Company report | 85% |
| Xylem Inc | Company report | 85% |
| Eltek Ltd | Company report | 85% |
| Johnson Outdoors Inc | Company report | 85% |
| Keysight Technologies inc | Company report | 85% |
| Garmin Ltd | Company report | 85% |
| Aeluma, Inc. | Company report | 85% |
| Elbit Systems Ltd | Company report | 85% |
| Canberra Industries | Company report | 85% |
| BAE Systems | Company report | 85% |
| Integrated Systems | Company report | 85% |
| L-3 Communications | Company report | 85% |
| Idaho Technologies | Company report | 85% |
| Agilent Technologies | Company report | 85% |
| Axis Communications | Company report | 85% |
| United Technologies | Company report | 85% |
| Honeywell International Inc | Company report | 85% |
| Osi Systems inc | Company report | 85% |
| Viasat Inc | Company report | 85% |
| Itt Inc | Company report | 85% |
| Red Cat Holdings Inc | Company report | 85% |
| Textron Inc | Company report | 85% |
| Aerkomm Inc | Company report | 85% |
| Technical Communications Corporation | Company report | 85% |
| Kratos Defense and Security Solutions inc | Company report | 85% |
| Orbcomm Inc | Company report | 85% |
| Iteris inc | Company report | 85% |
| Frequency Electronics Inc | Company report | 85% |
| Northrop Grumman Corp | Company report | 85% |
| Luna Innovations Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Teledyne Technologies Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Teledyne Technologies Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Teledyne Technologies Inc | Digital Imaging 53.59 % |
| Mirion Technologies Inc | Nuclear & Safety 69.83 % |
| Pc Connection Inc | Large Account Segment 46.61 % |
| Kvh Industries Inc | Reportable 100.00 % |
| Coda Octopus Group Inc | Defense Engineering Services Business 27.82 % |
| Comtech Telecommunications Corp | Allerium 52.61 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Teledyne Technologies Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Teledyne Technologies Inc | 29,012 | 412,646 | 64,994 |
| Mirion Technologies Inc | 4,904 | 329,229 | 9,113 |
| Iridium Communications Inc | 4,797 | 930,120 | 167,214 |
| Pc Connection Inc | 2,014 | 1,249,368 | 40,618 |
| Kvh Industries Inc | 118 | 450,027 | 1,603 |
| Coda Octopus Group Inc | 94 | 279,501 | 49,367 |
| PEERS TOTAL | 12,001 | 697,788 | 27,486 |
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Teledyne Technologies Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Teledyne Technologies Inc | United States 55.14 % |
| Mirion Technologies Inc | North America 71.60 % |
| Coda Octopus Group Inc | Australia and Asia 52.79 % |
| Eltek Ltd | IL 68.17 % |
| Comtech Telecommunications Corp | United States Domestic 55.14 % |
| Aerkomm Inc | JP 81.67 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Teledyne Technologies Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 49 companies in Teledyne Technologies Inc's industry classification, broader than the peer set above. Market cap in millions of $.Teledyne Technologies Inc ranks #9 of 49 companies by market capitalization in its industry, holding 3.74 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 944, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | The Boeing Company | 137,090 | 17.67 % |
| 2 | Lockheed Martin Corporation | 131,052 | 16.89 % |
| 3 | Northrop Grumman Corp | 74,761 | 9.64 % |
| 4 | Transdigm Group Incorporated | 68,708 | 8.86 % |
| 5 | Garmin Ltd | 1,234 | 5.2% |
| 6 | L3harris Technologies Inc | 1,234 | 5.2% |
| 7 | Rocket Lab Corp | 1,234 | 5.2% |
| 8 | Elbit Systems Ltd | 1,234 | 5.2% |
| 9 | Teledyne Technologies Inc | 29,012 | 3.74 % |
| 10 | Axon Enterprise Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Teledyne Technologies Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Teledyne Technologies Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 4 | Transdigm Group Incorporated | 68,708 | -5.85 % |
| 5 | Garmin Ltd | 55,250 | 37.28 % |
| 6 | L3harris Technologies Inc | 48,677 | -10.92 % |
| 7 | Rocket Lab Corp | 33,417 | -14.82 % |
| 8 | Elbit Systems Ltd | 1,234 | 12.3% |
| 9 | Teledyne Technologies Inc | 29,012 | 17.75 % |
| 10 | Axon Enterprise Inc | 1,234 | 12.3% |
| 11 | Arxis Inc | 1,234 | 12.3% |
| 12 | Nextpower Inc | 1,234 | 12.3% |
| 13 | Textron Inc | 1,234 | 12.3% |
| 14 | Embraer S a | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Teledyne Technologies Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Teledyne Technologies Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Aerospace & Defense industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (63 companies). See the full Aerospace & Defense industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.44 % | 24.92 % (avg) | -24.5 pp |
| Operating Margin | 0.20 % | industry median | -10.5 pp |
| EBITDA Margin | 0.31 % | 1.57 % (avg) | -1.3 pp |
| Capital Intensity (Capex / Revenue) | 2.04 % | 6.71 % (avg) | -4.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Teledyne Technologies Inc's Valuation vs Competitive Position
Valuation multiples vs the Aerospace & Defense industry average (63 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Aerospace & Defense industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 29.1x | 33.8x | -4.7x |
| EV / EBITDA | 17.0x | 19.8x | -2.8x |
| P/B | 2.8x | 5.4x | -2.7x |
| Return on Equity | 0.09 % | industry aggregate | -28.24 % |
| Return on Invested Capital | 0.10 % | -0.09 % (avg) | 0.19 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Teledyne Technologies Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 11.44 % | 9.02 % | -2.45 % | 66.45 % | 18.30 % | 3.24 % | 0.61 % | 7.86 % |
| Operating Margin | 14.36 % | 15.54 % | 15.56 % | 14.20 % | 17.81 % | 18.36 % | 17.44 % | 18.80 % |
| Return on Invested Capital | 7.67 % | 8.03 % | 6.81 % | 3.61 % | 4.70 % | 4.83 % | 4.42 % | 4.74 % |
| P/E | 23.8x | 32.9x | 35.7x | 37.7x | 24.7x | 21.7x | 27.1x | 27.9x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Teledyne Technologies Inc's Strategic Group Map
Teledyne Technologies Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Teledyne Technologies Inc's trailing-12-month revenue growth of 8.6% and operating margin of 0.2% compares with an average of 10.3% growth and 2.6% margin across its 8 closest peers by combined growth, margin and ROIC -- Teledyne Technologies Inc sits below that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Teledyne Technologies Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Teledyne Technologies Inc falls in the Question Mark quadrant: relative market share of 0.21x vs its largest competitor, in an industry growing revenue 13.6% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Teledyne Technologies Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 944 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.04 % vs industry average 6.71 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Teledyne Technologies Inc's dedicated Suppliers and Customers pages, not here.
Teledyne Technologies Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Teledyne Technologies Inc falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Teledyne Technologies Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+3.4% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Operating margin 10.5 points below the industry median.
- Return on equity 28.2 points below the industry aggregate.
- Low relative market share vs the industry leader (0.21x).
Opportunities
- Industry revenue growing at a healthy 13.6% median pace.
- Trades at a lower P/E than the industry average (29.1x vs 33.8x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Teledyne Technologies Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Teledyne Technologies Inc | 0.26 | 1.94 | 0.21 |
| Mirion Technologies Inc | 1.39 | 3.05 | 0.52 |
| Iridium Communications Inc | 0.71 | 1.83 | 3.73 |
| Pc Connection Inc | 0.34 | 2.80 | - |
| Kvh Industries Inc | 3.34 | 6.56 | - |
| Coda Octopus Group Inc | 5.88 | 10.22 | - |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Teledyne Technologies Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Teledyne Technologies Inc | Q3 2026 | +9.4 % | +23.5 % |
| Mirion Technologies Inc | Q3 2026 | +24.9 % | +138.7 % |
| Iridium Communications Inc | Q3 2026 | +8.6 % | +187.9 % |
| Pc Connection Inc | Q3 2026 | +23.4 % | +27.2 % |
| Kvh Industries Inc | Q2 2026 | +35.1 % | - |
| Coda Octopus Group Inc | Q1 2026 | -1.6 % | +86.8 % |
| PEERS TOTAL | +6.8 % | +34.2 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Teledyne Technologies Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Teledyne Technologies Inc | Q3 2026 | +7.4 % | +13.0 % |
| Mirion Technologies Inc | Q3 2026 | +24.0 % | +28.0 % |
| Iridium Communications Inc | Q3 2026 | +42.4 % | +27.5 % |
| Pc Connection Inc | Q3 2026 | +25.0 % | +11.0 % |
| Kvh Industries Inc | Q2 2026 | - | -1.6 % |
| Coda Octopus Group Inc | Q1 2026 | -7.7 % | +8.5 % |
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Teledyne Technologies Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Teledyne Technologies Inc | 6.67% | 7.48% | 9.49% |
| Mirion Technologies Inc | 0.85% | 0.88% | 1.59% |
| Iridium Communications Inc | 6.09% | 6.19% | 32.93% |
| Pc Connection Inc | 7.17% | 10.62% | 10.89% |
| Kvh Industries Inc | 0.32% | 0.36% | 0.38% |
| Coda Octopus Group Inc | 7.61% | 8.20% | 8.33% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Teledyne Technologies Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Teledyne Technologies Inc | 28.31 | 4.45 |
| Mirion Technologies Inc | 163.36 | 4.54 |
| Iridium Communications Inc | 29.36 | 5.29 |
| Pc Connection Inc | 19.59 | 0.64 |
| Kvh Industries Inc | 237.49 | 0.87 |
| Coda Octopus Group Inc | 19.40 | 3.37 |
| PEERS AVERAGE | 32.87 | 3.38 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.