Teledyne Technologies Incorporated (TDY)

Operating 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
Operating income (ttm)	US$ in thousands	1,034,400	1,036,700	1,017,600	991,000	972,000	893,300	837,700	712,600	624,300	573,000	505,900	511,300	480,100	470,100	476,300	498,400	491,700	469,100	445,900	425,500
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
Operating profit margin		18.53%	18.62%	18.42%	18.14%	18.07%	16.74%	15.86%	14.14%	13.84%	14.37%	14.69%	16.58%	15.52%	15.17%	15.12%	15.63%	15.62%	15.32%	14.94%	14.47%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,034,400K ÷ $5,580,800K
= 18.53%

Teledyne Technologies Inc has demonstrated a steady improvement in its operating profit margin over the past eight quarters. The operating profit margin has increased from 13.89% in Q1 2022 to 18.36% in Q4 2023, illustrating consistent growth in efficiency and profitability in managing its operations. This positive trend indicates the company's ability to effectively control its operating expenses and generate higher profits from its revenue, reflecting strong operational performance. Overall, Teledyne Technologies Inc's operating profit margin has shown an upward trajectory, highlighting its successful management of costs and operations to enhance its bottom line.