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Teledyne Technologies vs Leonardo DRS: TDY and DRS compared
Teledyne Technologies is the larger company: $1.7B of revenue in its latest quarter (Q3 2026) against $1.1B for Leonardo DRS (Q3 2026). Leonardo DRS is growing faster (+11% against +9% a year earlier). Teledyne Technologies is more profitable, with an operating margin of 20.6% against 10.9%.
Where the money goes: TDY and DRS
Teledyne Technologies (TDY) · Q3 2026
Teledyne Technologies, Q3 2026: revenue $1.7B (+9% year over year), operating margin 20.6%, net earnings $273M, operating cash flow $352M. The chart follows the revenue to costs, profit and cash.
Leonardo DRS (DRS) · Q3 2026
Leonardo DRS, Q3 2026: revenue $1.1B (+11% year over year), operating margin 10.9%, net earnings $115M, operating cash flow $96.0M. The chart follows the revenue to costs, profit and cash.
| Teledyne Technologies (TDY) | Leonardo DRS (DRS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.7B | $1.1B |
| Revenue growth, Y/Y | +9% | +11% |
| Gross margin | — | 24.7% |
| Operating margin | 20.6% | 10.9% |
| Net earnings | $273M | $115M |
| Net margin | 16.2% | 10.8% |
| Operating cash flow | $352M | $96.0M |
| Free cash flow | $320M | $61.0M |
| Market value | $28.9B | $9.1B |
| P/E | 28.2× | 25.0× |
| Analysts’ mean target | $770.08 | $52.58 |
Where the revenue comes from
Teledyne Technologies
- Digital Imaging: $903M (54%)
- Instrumentation: $370M (22%)
- Aerospace and Defense Electronics: $287M (17%)
- Engineered Systems: $124M (7%)
Questions
Which is bigger, Teledyne Technologies or Leonardo DRS?
Teledyne Technologies is the larger company: $1.7B of revenue in its latest quarter (Q3 2026) against $1.1B for Leonardo DRS (Q3 2026).
Is Teledyne Technologies or Leonardo DRS growing faster?
Leonardo DRS is growing faster (+11% against +9% a year earlier).
Which is more profitable, Teledyne Technologies or Leonardo DRS?
Teledyne Technologies is more profitable, with an operating margin of 20.6% against 10.9%.
More: Teledyne Technologies earnings · how Teledyne Technologies makes money · Leonardo DRS earnings · how Leonardo DRS makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 23, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.