Teledyne Technologies Incorporated (TDY)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	2,434,800	2,439,400	2,330,300	1,841,400	1,180,900
Revenue	US$ in thousands	5,670,000	5,635,500	5,458,600	4,614,300	3,086,200
Gross profit margin		42.94%	43.29%	42.69%	39.91%	38.26%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,434,800K ÷ $5,670,000K
= 42.94%

Teledyne Technologies Incorporated's gross profit margin has exhibited a positive trend over the past five years, starting at 38.26% as of December 31, 2020, and consistently increasing to 42.94% by December 31, 2024. This upward trajectory indicates an improvement in the company's ability to generate profits from its core operations, after accounting for the costs directly associated with the production of goods and services.

The steady growth in gross profit margin suggests that Teledyne Technologies has been effectively managing its production costs and potentially enhancing its pricing strategies. A rising gross profit margin is generally considered favorable as it indicates efficiency in operations and the ability to maintain healthy margins despite market challenges.

It is also worth noting that the gross profit margin peaked at 43.29% as of December 31, 2023, signaling a particularly strong performance in that specific year. Overall, Teledyne Technologies' consistent improvement in gross profit margin reflects positively on its operational efficiency and profitability over the years covered in the dataset.