Teledyne Technologies Incorporated (TDY)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	885,700	788,600	445,300	401,900	402,300
Revenue	US$ in thousands	5,559,800	5,379,900	4,510,100	3,094,300	3,171,900
Net profit margin		15.93%	14.66%	9.87%	12.99%	12.68%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $885,700K ÷ $5,559,800K
= 15.93%

The net profit margin of Teledyne Technologies Inc has been showing a generally positive trend over the past five years. It increased from 12.72% in December 2019 to 15.72% in December 2023, indicating the company's ability to generate more net income for every dollar of revenue. This upward trajectory suggests that Teledyne has been effectively managing its expenses or increasing its revenue streams. Compared to the net profit margin of 9.65% in January 2022, the most recent figure of 15.72% reflects a significant improvement in profitability. The company's ability to maintain a strong net profit margin may signify efficient cost control, pricing power, or successful revenue growth strategies. Overall, the increasing trend in Teledyne's net profit margin demonstrates a positive financial performance and efficiency in its operations over the years.