Teledyne Technologies vs Zebra Technologies
Teledyne Technologies reported revenue of $6.1 billion in fiscal 2025, about the same as Zebra Technologies' $5.4 billion in fiscal 2025. Teledyne Technologies' revenue grew 7.9% in its latest year, and Zebra Technologies' grew 8.3%. Teledyne Technologies had an operating margin of 18.8%, against 13.0% at Zebra Technologies. Free cash flow was $1.1 billion at Teledyne Technologies and $831 million at Zebra Technologies. Their fiscal years end in different months (December 28 and December 31), so the periods don't line up exactly.
Side by side
| Teledyne Technologies | Zebra Technologies | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 28, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $6.1B | $5.4B |
| Revenue growth | 7.9% | 8.3% |
| Revenue growth a year, last 5 years | 14.7% | 3.9% |
| Gross margin | 42.8% | 48.0% |
| Operating margin | 18.8% | 13.0% |
| Net margin | 14.6% | 7.8% |
| Free cash flow | $1.1B | $831M |
| Free cash flow margin | 17.6% | 15.4% |
| Return on capital | 7.8% | 9.7% |
| Net debt to EBITDA | 1.4x | 2.7x |
| Dividends and buybacks | $403M | $587M |
| Change in diluted share count | −0.4% | −1.3% |
| Last close | $645.47 | $384.15 |
| P/E at the last close | 29.5× | 35.1× |
| Insider trades, last 12 months | sold $11.9 million | bought $386,823, sold $2.4 million |
| Piotroski F-score | 7 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Teledyne TechnologiesZebra Technologies
Operating margin
Percent of revenue
Teledyne TechnologiesZebra Technologies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Teledyne TechnologiesZebra Technologies
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Teledyne Technologies and Zebra Technologies pages.