Teledyne Technologies Incorporated (TDY) vs Trimble Inc. (TRMB)

Teledyne Technologies Incorporated and Trimble Inc. are both Scientific & Technical Instruments companies. Teledyne Technologies Incorporated is the larger, with a market value of $27.2B against $12.5B — 2.2× the size. Trimble Inc. has negative trailing earnings, so its P/E is not meaningful; Teledyne Technologies Incorporated trades at 28.2×. Teledyne Technologies Incorporated grew revenue faster over the last twelve months: 8.57% against 6.88%. Teledyne Technologies Incorporated has the higher net margin (15.8% vs −4.08%) and the higher return on invested capital (6.47% vs 6.30%). Across the 21 metrics below, Teledyne Technologies Incorporated leads on 13 and Trimble Inc. on 8.

Valuation

Metric TDY TRMB Scientific & Technical Instruments median
P/E 28.21 n/m 28.21
P/S 4.38 3.27 4.46
P/B 2.57 2.53 3.10
Price to free cash flow 24.90 15.91 24.15
EV/EBITDA 18.25 16.61 18.28
EV/Sales 4.61 3.61 4.64
Earnings yield 3.54% (1.27%) 0.68%
Free cash flow yield 4.02% 6.28% 1.98%

Profitability

Metric TDY TRMB Scientific & Technical Instruments median
Gross margin 43.60% 69.60% 47.24%
Operating margin 20.00% 16.48% 8.96%
Net margin 15.75% (4.08%) 1.92%
Free cash flow margin 17.60% 20.74% 10.59%
Return on equity 9.47% (2.92%) 2.66%
Return on assets 6.64% (1.79%) 1.12%
Return on invested capital 6.47% 6.30% 4.79%

Growth

Metric TDY TRMB Scientific & Technical Instruments median
Revenue growth (TTM) 8.57% 6.88% 9.26%
EPS growth (last fiscal year) 9.70% (71.10%) 13.24%
Revenue growth, 5-year CAGR 14.66% 2.65% 7.89%
Net income growth, 5-year CAGR 17.36% 1.69% 0.00%

Health

Metric TDY TRMB Scientific & Technical Instruments median
Debt to equity 0.18 0.31 0.00
Current ratio 2.31 0.93 2.30
Net debt to EBITDA 1.43 1.44 0.45

Dividend

Metric TDY TRMB Scientific & Technical Instruments median
Dividend yield — — 0.62%
Payout ratio — — 0.22

Size

Metric TDY TRMB Scientific & Technical Instruments median
Market cap 27.24b 12.51b 549.07m

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