MKS Inc. (MKSI) vs Teledyne Technologies Incorporated (TDY)

MKS Inc. and Teledyne Technologies Incorporated are both Scientific & Technical Instruments companies. Teledyne Technologies Incorporated is the larger, with a market value of $27.2B against $12.0B — 2.3× the size. MKS Inc. trades at the lower P/E: 21.5× against 28.2×. MKS Inc. grew revenue faster over the last twelve months: 24.6% against 8.57%. Teledyne Technologies Incorporated has the higher net margin (15.8% vs 12.6%) and the lower return on invested capital (6.47% vs 8.51%). Across the 22 metrics below, MKS Inc. leads on 13 and Teledyne Technologies Incorporated on 9.

Valuation

Metric MKSI TDY Scientific & Technical Instruments median
P/E 21.51 28.21 28.21
P/S 2.72 4.38 4.46
P/B 3.95 2.57 3.10
Price to free cash flow 23.39 24.90 24.15
EV/EBITDA 15.37 18.25 18.28
EV/Sales 3.37 4.61 4.64
Earnings yield 4.65% 3.54% 0.68%
Free cash flow yield 4.28% 4.02% 1.98%

Profitability

Metric MKSI TDY Scientific & Technical Instruments median
Gross margin 47.24% 43.60% 47.24%
Operating margin 18.23% 20.00% 8.96%
Net margin 12.61% 15.75% 1.92%
Free cash flow margin 11.63% 17.60% 10.59%
Return on equity 20.46% 9.47% 2.66%
Return on assets 6.69% 6.64% 1.12%
Return on invested capital 8.51% 6.47% 4.79%

Growth

Metric MKSI TDY Scientific & Technical Instruments median
Revenue growth (TTM) 24.56% 8.57% 9.26%
EPS growth (last fiscal year) 55.52% 9.70% 13.24%
Revenue growth, 5-year CAGR 11.03% 14.66% 7.89%
Net income growth, 5-year CAGR (3.36%) 17.36% 0.00%

Health

Metric MKSI TDY Scientific & Technical Instruments median
Debt to equity 1.15 0.18 0.00
Current ratio 1.19 2.31 2.30
Net debt to EBITDA 3.93 1.43 0.45

Dividend

Metric MKSI TDY Scientific & Technical Instruments median
Dividend yield 0.51% — 0.62%
Payout ratio 0.12 — 0.22

Size

Metric MKSI TDY Scientific & Technical Instruments median
Market cap 11.96b 27.24b 549.07m

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