TELEDYNE TECHNOLOGIES INC stock research
FY2025 Q1
TELEDYNE TECHNOLOGIES (TDY) Gross Margin — Quarter Ended Mar 30, 2025
Revenue was stable compared to the same quarter last year but lower than the prior quarter. Gross profit improved year-over-year but declined sequentially, while cost of revenue increased year-over-year and decreased sequentially, resulting in a gross margin that was slightly lower than both comparison periods.
Gross margin takeaway
Quarter ended Mar 30, 2025 · FY2025 Q1
Revenue was stable compared to the same quarter last year but lower than the prior quarter. Gross profit improved year-over-year but declined sequentially, while cost of revenue increased year-over-year and decreased sequentially, resulting in a gross margin that was slightly lower than both comparison periods.
- The most observable factor influencing gross margin was the change in cost of revenue, which increased year-over-year while revenue remained similar, and decreased sequentially alongside a larger decline in revenue.
- Compared to the prior quarter, revenue and gross profit were lower, cost of revenue was lower, and gross margin was essentially stable. Compared to the same quarter last year, revenue was similar, gross profit was higher, cost of revenue was higher, and gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
42.7%
Gross profit
$619.5M
Revenue
$1.4B
Cost of revenue
$830.4M
Quarter-over-quarter change
-0.1 pts
Year-over-year change
-0.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2024 | $1.4B | $592.6M | $781.5M | 43.1% |
| Sep 29, 2024 | $1.4B | $619.6M | $823.9M | 42.9% |
| Dec 29, 2024 | $1.5B | $642.7M | $859.6M | 42.8% |
| Mar 30, 2025 | $1.4B | $619.5M | $830.4M | 42.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 29, 2024
-0.1 pts
Year-over-year change
Mar 31, 2024
-0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The most observable factor influencing gross margin was the change in cost of revenue, which increased year-over-year while revenue remained similar, and decreased sequentially alongside a larger decline in revenue.
Compared to the prior quarter, revenue and gross profit were lower, cost of revenue was lower, and gross margin was essentially stable. Compared to the same quarter last year, revenue was similar, gross profit was higher, cost of revenue was higher, and gross margin was slightly lower.
Monitor the trajectory of cost of revenue relative to revenue, as it increased year-over-year while revenue was stable.