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 $28.4B against $17.7B — 1.6× the size. Teledyne Technologies Incorporated trades at the lower P/E: 29.7× against 39.9×. MKS Inc. grew revenue faster over the last twelve months: 16.3% against 7.87%. Teledyne Technologies Incorporated has the higher net margin (15.3% vs 10.1%) and the lower return on invested capital (6.15% vs 6.74%). Across the 22 metrics below, Teledyne Technologies Incorporated leads on 16 and MKS Inc. on 6.

Valuation

Metric MKSI TDY Scientific & Technical Instruments median
P/E 39.94 29.65 35.93
P/S 4.06 4.46 4.46
P/B 5.90 2.60 3.00
Price to free cash flow 38.50 24.90 24.96
EV/EBITDA 20.04 19.04 19.60
EV/Sales 4.82 4.73 4.98
Earnings yield 2.50% 3.37% 0.53%
Free cash flow yield 2.60% 4.02% 1.12%

Profitability

Metric MKSI TDY Scientific & Technical Instruments median
Gross margin 46.96% 43.34% 45.75%
Operating margin 15.69% 19.45% 7.34%
Net margin 10.12% 15.29% 1.56%
Free cash flow margin 10.53% 17.92% 5.84%
Return on equity 15.88% 9.16% 2.87%
Return on assets 4.95% 6.41% 0.99%
Return on invested capital 6.74% 6.15% 3.88%

Growth

Metric MKSI TDY Scientific & Technical Instruments median
Revenue growth (TTM) 16.26% 7.87% 11.28%
EPS growth (last fiscal year) 55.52% 9.70% —
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 1.32 0.19 0.00
Current ratio 1.14 2.18 2.24
Net debt to EBITDA 3.93 1.43 0.44

Dividend

Metric MKSI TDY Scientific & Technical Instruments median
Dividend yield 0.77% — 0.72%
Payout ratio 0.12 0.00 0.00

Size

Metric MKSI TDY Scientific & Technical Instruments median
Market cap 17.71b 28.37b 483.67m

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