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 $28.4B against $13.5B — 2.1× the size. Trimble Inc. has negative trailing earnings, so its P/E is not meaningful; Teledyne Technologies Incorporated trades at 29.7×. Teledyne Technologies Incorporated grew revenue faster over the last twelve months: 7.87% against 5.80%. Teledyne Technologies Incorporated has the higher net margin (15.3% vs −2.77%) and the lower return on invested capital (6.15% vs 6.32%). 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 29.65 n/m 35.93
P/S 4.46 3.56 4.46
P/B 2.60 2.64 3.00
Price to free cash flow 24.90 17.62 24.96
EV/EBITDA 19.04 17.43 19.60
EV/Sales 4.73 3.89 4.98
Earnings yield 3.37% (0.81%) 0.53%
Free cash flow yield 4.02% 5.68% 1.12%

Profitability

Metric TDY TRMB Scientific & Technical Instruments median
Gross margin 43.34% 69.80% 45.75%
Operating margin 19.45% 16.99% 7.34%
Net margin 15.29% (2.77%) 1.56%
Free cash flow margin 17.92% 20.44% 5.84%
Return on equity 9.16% (1.94%) 2.87%
Return on assets 6.41% (1.19%) 0.99%
Return on invested capital 6.15% 6.32% 3.88%

Growth

Metric TDY TRMB Scientific & Technical Instruments median
Revenue growth (TTM) 7.87% 5.80% 11.28%
EPS growth (last fiscal year) 9.70% (71.10%) —
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 0.19 0.29 0.00
Current ratio 2.18 0.95 2.24
Net debt to EBITDA 1.43 1.44 0.44

Dividend

Metric TDY TRMB Scientific & Technical Instruments median
Dividend yield — — 0.72%
Payout ratio 0.00 0.00 0.00

Size

Metric TDY TRMB Scientific & Technical Instruments median
Market cap 28.37b 13.51b 483.67m

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