F

Teledyne Technologies Incorpora — Earnings Quality Grade F

TDY · Technology

Major red flags

Revenue
$6.1B
2025
Net Income
$895M
2025
Gross Margin
42.8%
Free Cash Flow
$1.1B
01

Screening Summary

14
Passed
1
Watch
2
Failed
-2.44
M-Score

Management Signals

View all →
Routine2026-01-21
Kenneth C. Dahlberg · directorRetirement
Planned succession
SEC
Routine2026-01-02
Denise R. Singleton · directorRetirement
SEC
View management analysis in TDY deep report →

Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available

02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 59 days, change +1 days YoY

A2AR vs Revenue Growth

AR growth 10.1% vs revenue growth 7.9%

A3Revenue vs CFFO

Revenue 7.9%, CFFO -0.1%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory 14.1% vs COGS 8.2%. Normal

!
B2CapEx vs Revenue

CapEx growth 40.1% is >2x revenue growth 7.9%

B3SG&A Ratio

SG&A/Gross Profit = 35.6%. Normal

B4Gross Margin

Gross margin 42.8%, change -0.2pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 1.33. Profits backed by cash

C2Free Cash Flow

FCF $1.1B, FCF/NI = 1.20

C3Accruals Ratio

Accruals ratio = -1.9%. Low accruals

C4Cash vs Debt

Cash $0.4B covers only 13% of debt $2.6B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $10.8B = 103% of equity. Over 50%

D2Leverage

Debt/EBITDA = 1.8x. Healthy

D3Soft Asset Growth

Other assets 13.2% vs revenue 7.9%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change 8% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.44 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.44
-4.0 Clean-2.22 Grey-1.78 Danger0
1.021
DSRI
AR growing faster than revenue?
1.004
GMI
Gross margin declining?
1.007
AQI
Asset quality deteriorating?
1.079
SGI
Revenue growth rate
1.027
DEPI
Depreciation slowing?
0.956
SGAI
SG&A ratio changing?
-0.0194
TATA
Accruals level
0.923
LVGI
Leverage increasing?
05

Altman Z-Score

4.86
Safe Zone
0 Distress1.102.605.0+ Safe
0.0782
Liquidity
0.4672
Cumulative profit
0.0755
Operating efficiency
2.2035
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25