Teledyne Technologies Incorporated (TDY)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	2,384,700	2,365,100	2,350,800	2,376,600	2,439,400	2,433,200	2,405,700	2,354,500	2,330,300	2,259,500	2,205,900	2,096,600	1,841,400	1,611,000	1,377,300	1,202,100	1,180,900	1,194,300	1,218,300	1,254,000
Revenue (ttm)	US$ in thousands	5,669,300	5,592,000	5,551,000	5,601,600	5,635,500	5,628,700	5,589,800	5,520,900	5,458,600	5,416,100	5,364,400	5,129,600	4,614,300	4,047,900	3,485,000	3,107,300	3,086,200	3,111,100	3,164,300	3,203,000
Gross profit margin		42.06%	42.29%	42.35%	42.43%	43.29%	43.23%	43.04%	42.65%	42.69%	41.72%	41.12%	40.87%	39.91%	39.80%	39.52%	38.69%	38.26%	38.39%	38.50%	39.15%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,384,700K ÷ $5,669,300K
= 42.06%

Teledyne Technologies Incorporated has demonstrated a consistent upward trend in its gross profit margin over the past few years based on the provided data. The gross profit margin, which is a key indicator of a company's efficiency in generating revenue after accounting for the cost of goods sold, has shown improvement from 39.15% as of March 31, 2020, to 42.06% as of December 31, 2024.

The company's gross profit margin experienced fluctuations during the analyzed period, with minor declines in some quarters but overall showing an upward trajectory. This could indicate the company's ability to effectively manage its production costs and pricing strategy to enhance profitability.

The most significant increase in the gross profit margin was observed from March 31, 2023, to June 30, 2023, marking a notable improvement within a single quarter. However, there was a slight decline in the gross profit margin from the peak of 43.29% on December 31, 2023, to 42.06% on December 31, 2024.

Overall, Teledyne Technologies has shown a positive trend in its gross profit margin, demonstrating efficient cost management and pricing strategies to enhance its profitability over the analyzed period.