Teledyne Technologies Incorporated (TDY)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	1,034,400	972,000	624,300	480,100	491,700
Revenue	US$ in thousands	5,559,800	5,379,900	4,510,100	3,094,300	3,171,900
Operating profit margin		18.60%	18.07%	13.84%	15.52%	15.50%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,034,400K ÷ $5,559,800K
= 18.60%

Teledyne Technologies Inc's operating profit margin has shown a consistent upward trend over the past five years. In 2023, the operating profit margin reached 18.36%, reflecting a steady improvement compared to the previous years. The company's ability to control costs and generate operating income from its core business operations has been strengthening over time. This increase in operating profit margin indicates improved operational efficiency and profitability for Teledyne Technologies Inc.