Teledyne Technologies Incorporated (TDY)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	885,700	789,000	768,700	754,700	788,600	724,000	679,800	573,200	445,300	415,600	375,400	404,400	401,900	385,500	398,300	409,200	402,300	377,700	361,300	342,600
Revenue (ttm)	US$ in thousands	5,580,800	5,567,100	5,524,600	5,464,500	5,379,900	5,336,400	5,282,900	5,038,800	4,510,100	3,987,200	3,444,000	3,083,800	3,094,300	3,099,200	3,151,000	3,188,000	3,147,300	3,061,500	2,984,100	2,940,000
Net profit margin		15.87%	14.17%	13.91%	13.81%	14.66%	13.57%	12.87%	11.38%	9.87%	10.42%	10.90%	13.11%	12.99%	12.44%	12.64%	12.84%	12.78%	12.34%	12.11%	11.65%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $885,700K ÷ $5,580,800K
= 15.87%

The net profit margin of Teledyne Technologies Inc has demonstrated a generally positive trend over the past eight quarters, indicating the company's ability to convert revenue into profit. The net profit margin has shown incremental increases quarter over quarter, with Q4 2023 registering the highest margin of 15.72% compared to the previous seven quarters.

The consistent improvement in net profit margin reflects the company's effective cost management strategies, increasing operational efficiency, or possibly enhanced revenue generation capabilities. Moreover, the company's ability to maintain profitability amidst changing market conditions is commendable.

Overall, the increasing trend in the net profit margin of Teledyne Technologies Inc suggests a strong financial performance and operational effectiveness, highlighting the company's ability to generate more profit from its revenue over time. It also indicates the potential for sustainable growth and financial stability in the future.