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Side-by-side financial comparison of Teledyne Technologies (TDY) and WATSCO INC (WSO). Click either name above to swap in a different company.
Teledyne Technologies is the larger business by last-quarter revenue ($1.6B vs $1.6B, roughly 1.0× WATSCO INC). Teledyne Technologies runs the higher net margin — 17.1% vs 4.5%, a 12.5% gap on every dollar of revenue. On growth, Teledyne Technologies posted the faster year-over-year revenue change (7.3% vs -10.0%). WATSCO INC produced more free cash flow last quarter ($388.5M vs $339.2M). Over the past eight quarters, Teledyne Technologies's revenue compounded faster (9.3% CAGR vs 0.4%).
Teledyne Technologies Incorporated is an American industrial conglomerate. It was founded in 1960, as Teledyne, Inc. by Henry Singleton and George Kozmetsky.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
TDY vs WSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.6B |
| Net Profit | $275.6M | $71.7M |
| Gross Margin | 42.9% | 27.1% |
| Operating Margin | 20.4% | 6.4% |
| Net Margin | 17.1% | 4.5% |
| Revenue YoY | 7.3% | -10.0% |
| Net Profit YoY | 38.8% | -25.9% |
| EPS (diluted) | $5.81 | $1.82 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.4B | $2.2B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.4B | $1.6B |
| Q4 25 | $275.6M | $71.7M | ||
| Q3 25 | $220.7M | $161.6M | ||
| Q2 25 | $209.9M | $183.6M | ||
| Q1 25 | $188.6M | $80.1M | ||
| Q4 24 | $198.5M | $96.8M | ||
| Q3 24 | $262.0M | $171.0M | ||
| Q2 24 | $180.2M | $181.4M | ||
| Q1 24 | $178.5M | $87.0M |
| Q4 25 | 42.9% | 27.1% | ||
| Q3 25 | 42.8% | 27.5% | ||
| Q2 25 | 42.6% | 29.3% | ||
| Q1 25 | 42.7% | 28.1% | ||
| Q4 24 | 42.8% | 26.7% | ||
| Q3 24 | 42.9% | 26.2% | ||
| Q2 24 | 43.1% | 27.1% | ||
| Q1 24 | 43.0% | 27.5% |
| Q4 25 | 20.4% | 6.4% | ||
| Q3 25 | 18.4% | 11.4% | ||
| Q2 25 | 18.4% | 13.2% | ||
| Q1 25 | 17.9% | 7.3% | ||
| Q4 24 | 15.8% | 7.8% | ||
| Q3 24 | 18.8% | 11.6% | ||
| Q2 24 | 18.0% | 12.6% | ||
| Q1 24 | 17.4% | 8.1% |
| Q4 25 | 17.1% | 4.5% | ||
| Q3 25 | 14.3% | 7.8% | ||
| Q2 25 | 13.9% | 8.9% | ||
| Q1 25 | 13.0% | 5.2% | ||
| Q4 24 | 13.2% | 5.5% | ||
| Q3 24 | 18.2% | 7.9% | ||
| Q2 24 | 13.1% | 8.5% | ||
| Q1 24 | 13.2% | 5.6% |
| Q4 25 | $5.81 | $1.82 | ||
| Q3 25 | $4.65 | $3.98 | ||
| Q2 25 | $4.43 | $4.52 | ||
| Q1 25 | $3.99 | $1.93 | ||
| Q4 24 | $4.18 | $2.42 | ||
| Q3 24 | $5.54 | $4.22 | ||
| Q2 24 | $3.77 | $4.49 | ||
| Q1 24 | $3.72 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $352.4M | $733.3M |
| Total DebtLower is stronger | $2.5B | $361.6M |
| Stockholders' EquityBook value | $10.5B | $2.8B |
| Total Assets | $15.3B | $4.4B |
| Debt / EquityLower = less leverage | 0.24× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $352.4M | $733.3M | ||
| Q3 25 | $528.6M | $524.3M | ||
| Q2 25 | $310.9M | $293.0M | ||
| Q1 25 | $461.5M | $431.8M | ||
| Q4 24 | $649.8M | $781.9M | ||
| Q3 24 | $561.0M | $550.0M | ||
| Q2 24 | $443.2M | $424.9M | ||
| Q1 24 | $912.4M | $478.9M |
| Q4 25 | $2.5B | $361.6M | ||
| Q3 25 | $2.5B | $340.8M | ||
| Q2 25 | $2.6B | $338.7M | ||
| Q1 25 | $3.0B | $346.4M | ||
| Q4 24 | $2.6B | $337.2M | ||
| Q3 24 | $2.8B | $321.0M | ||
| Q2 24 | $2.8B | $307.1M | ||
| Q1 24 | $3.2B | $306.3M |
| Q4 25 | $10.5B | $2.8B | ||
| Q3 25 | $10.6B | $2.8B | ||
| Q2 25 | $10.4B | $2.8B | ||
| Q1 25 | $9.9B | $2.7B | ||
| Q4 24 | $9.5B | $2.7B | ||
| Q3 24 | $9.6B | $2.7B | ||
| Q2 24 | $9.3B | $2.6B | ||
| Q1 24 | $9.3B | $2.5B |
| Q4 25 | $15.3B | $4.4B | ||
| Q3 25 | $15.4B | $4.6B | ||
| Q2 25 | $15.1B | $4.7B | ||
| Q1 25 | $15.0B | $4.5B | ||
| Q4 24 | $14.2B | $4.5B | ||
| Q3 24 | $14.5B | $4.5B | ||
| Q2 24 | $14.2B | $4.4B | ||
| Q1 24 | $14.6B | $4.4B |
| Q4 25 | 0.24× | 0.13× | ||
| Q3 25 | 0.24× | 0.12× | ||
| Q2 25 | 0.25× | 0.12× | ||
| Q1 25 | 0.30× | 0.13× | ||
| Q4 24 | 0.28× | 0.13× | ||
| Q3 24 | 0.29× | 0.12× | ||
| Q2 24 | 0.30× | 0.12× | ||
| Q1 24 | 0.35× | 0.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $379.0M | $399.8M |
| Free Cash FlowOCF − Capex | $339.2M | $388.5M |
| FCF MarginFCF / Revenue | 21.0% | 24.6% |
| Capex IntensityCapex / Revenue | 2.5% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.38× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $379.0M | $399.8M | ||
| Q3 25 | $343.1M | $354.9M | ||
| Q2 25 | $226.6M | $-7.4M | ||
| Q1 25 | $242.6M | $-177.6M | ||
| Q4 24 | $332.4M | $378.9M | ||
| Q3 24 | $249.8M | $232.8M | ||
| Q2 24 | $318.7M | $57.7M | ||
| Q1 24 | $291.0M | $103.7M |
| Q4 25 | $339.2M | $388.5M | ||
| Q3 25 | $313.9M | $346.1M | ||
| Q2 25 | $196.3M | $-14.3M | ||
| Q1 25 | $224.6M | $-185.2M | ||
| Q4 24 | $303.4M | $370.9M | ||
| Q3 24 | $228.7M | $223.0M | ||
| Q2 24 | $301.0M | $51.3M | ||
| Q1 24 | $275.1M | $97.9M |
| Q4 25 | 21.0% | 24.6% | ||
| Q3 25 | 20.4% | 16.7% | ||
| Q2 25 | 13.0% | -0.7% | ||
| Q1 25 | 15.5% | -12.1% | ||
| Q4 24 | 20.2% | 21.1% | ||
| Q3 24 | 15.8% | 10.3% | ||
| Q2 24 | 21.9% | 2.4% | ||
| Q1 24 | 20.4% | 6.3% |
| Q4 25 | 2.5% | 0.7% | ||
| Q3 25 | 1.9% | 0.4% | ||
| Q2 25 | 2.0% | 0.3% | ||
| Q1 25 | 1.2% | 0.5% | ||
| Q4 24 | 1.9% | 0.5% | ||
| Q3 24 | 1.5% | 0.5% | ||
| Q2 24 | 1.3% | 0.3% | ||
| Q1 24 | 1.2% | 0.4% |
| Q4 25 | 1.38× | 5.57× | ||
| Q3 25 | 1.55× | 2.20× | ||
| Q2 25 | 1.08× | -0.04× | ||
| Q1 25 | 1.29× | -2.22× | ||
| Q4 24 | 1.67× | 3.91× | ||
| Q3 24 | 0.95× | 1.36× | ||
| Q2 24 | 1.77× | 0.32× | ||
| Q1 24 | 1.63× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TDY
| Commercial And Other | $681.5M | 42% |
| Aerospace And Defense Electronics | $275.9M | 17% |
| Marine Instrumentation | $177.1M | 11% |
| United States Government | $169.0M | 10% |
| Environmental Instrumentation | $120.7M | 7% |
| Engineered Systems | $103.3M | 6% |
| Test And Measurement Instrumentation | $84.8M | 5% |
WSO
Segment breakdown not available.
