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TE Connectivity

TEL NYSE Electronic Manufacturing Services Financials FY2016–FY2025

TE Connectivity's revenue rose 8.9% to $17.3 billion in fiscal 2025. Its operating margin was 18.6%, up from 17.6% a year earlier. Free cash flow was $3.2 billion, up 14.5%. It paid out $2.1 billion in dividends and buybacks, 67% of free cash flow. The diluted share count fell 3.2%.

Last close · Oct 23, 2026

$208.05

0.2%
Value it Compare
Revenue Total sales reported in the income statement.
$17.3B
8.9% vs prior year
Operating margin Operating income as a share of revenue.
18.6%
1.0 pts
Net income Profit after all expenses, interest and tax.
$1.8B
42.3%
Free cash flow Cash from operations minus capital spending.
$3.2B
14.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
12.1%
8.0 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$61.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
20.4x
On $10.21 EPS (TTM)

What TE Connectivity does

No business description yet.

Legal name
TE CONNECTIVITY PLC
Fiscal year ends
September 26, 2025
Latest annual report
—
Accession · CIK
0001104659-25-109150
0001385157

Revenue and margins

TE Connectivity had $17.3B of revenue in fiscal 2025, up 8.9% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 1.4% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $3.2B in fiscal 2025, 18.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

TE Connectivity returned $2.2B to shareholders in fiscal 2025, 67% of free cash flow. The diluted share count fell 3.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value TE Connectivity yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$3.6B and divides by 299.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 20.4x · peers 28.0x · sector 33.5x.

Balance sheet

Cash, debt and the ratios that show how comfortably TE Connectivity can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $1.2B$1.1B$1.7B$1.3B$1.3B
Debt incl. finance leases $3.6B$3.3B$3.5B$3.3B$4.8B
Net debt / EBITDA 0.7x0.6x0.6x0.6x0.9x
Debt / equity 0.3x0.3x0.3x0.3x0.4x
Interest coverage 43.5x41.8x28.8x39.9x41.7x
Current ratio 1.6x1.6x1.8x1.6x1.6x
Quick ratio 1.0x1.0x1.2x1.1x1.0x
Total assets $21.5B$20.8B$21.7B$22.9B$25.1B
Total liabilities $10.7B$9.9B$10.1B$10.4B$12.4B
Shareholders' equity $10.6B$10.8B$11.6B$12.4B$12.6B
Net debt (− = net cash) $2.4B$2.2B$1.9B$2.0B$3.6B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$26.0M

5 insiders

Of sales under plans

88%

$22.7M

DateInsiderTradeSharesPriceValueFiling
Jun 1, 2026 Shadrak W KroegerPres., Industrial Solutions Sold plan 9,400 $215.00 $2.0M Form 4
May 6, 2026 Shadrak W KroegerPres., Industrial Solutions Sold plan 9,400 $215.00 $2.0M Form 4
Apr 8, 2026 Shadrak W KroegerPres., Industrial Solutions Sold plan 9,400 $223.26 $2.1M Form 4
Mar 2, 2026 Shadrak W KroegerPres., Industrial Solutions Sold plan 9,400 $222.52 $2.1M Form 4
Feb 13, 2026 Reuben M. ShafferSVP and Corporate Controller Sold 1,425 $234.23 $0.3M Form 4
Feb 13, 2026 Shadrak W KroegerPres., Industrial Solutions Sold 6,565 $233.64 $1.5M Form 4
Feb 13, 2026 Shadrak W KroegerPres., Industrial Solutions Sold plan 9,400 $233.82 $2.2M Form 4
Feb 9, 2026 John S JenkinsEVP & General Counsel Sold 6,155 $222.81 $1.4M Form 4
Dec 19, 2025 Heath A MittsEVP & Chief Financial Officer, Director Sold plan 6,269 $226.86 $1.4M Form 4
Dec 19, 2025 Terrence R CurtinChief Exec. Officer & Director, Director Sold plan 20,817 $228.67 $4.8M Form 4
Dec 18, 2025 Heath A MittsEVP & Chief Financial Officer, Director Sold plan 6,269 $225.97 $1.4M Form 4
Dec 18, 2025 Terrence R CurtinChief Exec. Officer & Director, Director Sold plan 20,817 $225.47 $4.7M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✓ ✕
Current ratio rose ✓ ✕ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✕ ✓ ✓
Revenue rose relative to assets ✓ ✕ ✓
F-score 6 / 97 / 96 / 9
Accruals ratio −5.8%−1.3%−9.6%
Altman Z'' 4.904.974.49

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
TE Connectivity TEL $61.0B 8.9% 18.6% 18.6% 12.1% 20.4x 6
Flex FLEX $28.6B 8.1% 4.9% 3.8% 16.3% 29.6x 9 Compare →
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10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $11.4B $12.2B $14.0B $13.4B $12.2B $14.9B $16.3B $16.0B $15.8B $17.3B
Gross profit $3.8B $4.2B $4.7B $4.4B $3.7B $4.9B $5.2B $5.1B $5.5B $6.1B
Research and development $525M $548M $606M $572M $539M $612M $610M $593M $621M $699M
Operating income $1.8B $1.9B $2.3B $2.0B $537M $2.4B $2.8B $2.3B $2.8B $3.2B
Interest expense $127M $130M $107M $68.0M $48.0M $56.0M $66.0M $80.0M $70.0M $77.0M
Pretax income $1.0B $1.7B $2.2B $1.9B $524M $2.4B $2.7B $2.3B $2.8B $3.2B
Income tax −$826M $180M −$344M −$15.0M $783M $123M $306M $364M −$397M $1.4B
Net income $2.0B $1.7B $2.6B $1.8B −$241M $2.3B $2.4B $1.9B $3.2B $1.8B
Diluted EPS $5.44 $4.70 $7.27 $5.42 −$0.73 $6.79 $7.47 $6.03 $10.33 $6.16
Diluted shares 0.37B 0.36B 0.35B 0.34B 0.33B 0.33B 0.33B 0.32B 0.31B 0.30B
Cash flow
Cash from operations $1.9B $2.3B $2.5B $2.4B $2.0B $2.7B $2.5B $3.1B $3.5B $4.1B
Capital expenditure $603M $679M $935M $749M $560M $690M $768M $732M $680M $936M
Free cash flow $1.3B $1.6B $1.5B $1.7B $1.4B $2.0B $1.7B $2.4B $2.8B $3.2B
Depreciation and amortization $560M $611M $667M $690M $711M $769M $785M $794M $826M $838M
Stock-based compensation $87.0M $95.0M $95.0M $75.0M $74.0M $94.0M $119M $123M $127M $149M
Acquisitions $1.3B $250M $153M $283M $339M $423M $220M $110M $339M $2.6B
Share buybacks $2.8B $614M $879M $1.1B $523M $831M $1.4B $945M $2.1B $1.3B
Dividends paid $509M $546M $588M $608M $625M $647M $685M $725M $760M $803M
Dividends and buybacks $3.3B $1.2B $1.5B $1.7B $1.1B $1.5B $2.1B $1.7B $2.8B $2.2B
Balance sheet
Cash and short-term investments $647M $1.2B $848M $927M $945M $1.2B $1.1B $1.7B $1.3B $1.3B
Total debt $4.1B $4.3B $4.0B $3.4B $3.5B $3.6B $3.3B $3.5B $3.3B $4.8B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $4.8B $5.9B $6.2B $5.6B $5.8B $7.3B $7.3B $7.9B $7.6B $8.0B
Current liabilities $3.1B $3.8B $4.4B $3.5B $3.7B $4.7B $4.6B $4.5B $4.7B $5.1B
Inventory $1.6B $1.6B $1.9B $1.8B $2.0B $2.5B $2.7B $2.6B $2.5B $2.7B
Property and equipment, net $2.8B $3.2B $3.5B $3.6B $3.7B $3.8B $3.6B $3.8B $3.9B $4.3B
Total assets $17.6B $19.4B $20.4B $19.7B $19.2B $21.5B $20.8B $21.7B $22.9B $25.1B
Total liabilities $9.1B $9.7B $9.6B $9.1B $9.7B $10.7B $9.9B $10.1B $10.4B $12.4B
Shareholders' equity $8.5B $9.8B $10.8B $10.6B $9.4B $10.6B $10.8B $11.6B $12.4B $12.6B
Margins
Gross margin 33.7% 34.3% 33.9% 32.7% 30.7% 32.8% 32.2% 31.5% 34.4% 35.2%
Operating margin 15.9% 15.4% 16.7% 14.7% 4.4% 16.3% 16.9% 14.4% 17.7% 18.6%
EBITDA margin 20.9% 20.4% 21.4% 19.8% 10.3% 21.5% 21.8% 19.3% 22.9% 23.5%
Net margin 17.7% 13.8% 18.3% 13.7% −2.0% 15.2% 14.9% 11.9% 20.2% 10.7%
FCF margin 11.8% 13.5% 10.8% 12.4% 11.8% 13.3% 10.4% 15.0% 17.7% 18.6%
Returns
Return on capital 16.4% 13.6% 17.4% 14.6% 2.2% 18.5% 18.8% 14.6% 20.1% 12.1%
Return on capital employed 11.5% 12.5% 14.8% 12.3% 3.4% 15.0% 16.7% 13.8% 15.8% 16.9%
Return on equity 22.2% 18.5% 24.9% 17.2% −2.4% 22.6% 22.7% 17.1% 26.7% 14.8%
Return on assets 10.5% 9.1% 12.9% 9.2% −1.2% 11.1% 11.5% 9.0% 14.3% 7.7%
Growth
Revenue growth −7.2% 7.3% 14.8% −3.9% −9.5% 22.6% 9.1% −1.5% −1.2% 8.9%
Net income growth −17.0% −16.2% 52.4% −28.1% −113.1% — 7.4% −21.3% 67.2% −42.3%
EPS growth −7.6% −13.6% 54.7% −25.5% −113.5% — 10.0% −19.3% 71.3% −40.4%
FCF growth 1.1% 22.2% −7.7% 10.4% −14.4% 38.7% −14.4% 41.2% 16.5% 14.5%
Share count change −10.2% −3.0% −1.4% −3.7% −2.4% 0.3% −2.4% −2.5% −2.5% −3.2%
Financial health
Net debt / EBITDA 1.5x 1.3x 1.1x 0.9x 2.0x 0.7x 0.6x 0.6x 0.6x 0.9x
Debt / equity 0.5x 0.5x 0.4x 0.3x 0.4x 0.3x 0.3x 0.3x 0.3x 0.4x
Interest coverage 14.2x 14.4x 21.8x 29.1x 11.2x 43.5x 41.8x 28.8x 39.9x 41.7x
Current ratio 1.6x 1.5x 1.4x 1.6x 1.6x 1.6x 1.6x 1.8x 1.6x 1.6x
Quick ratio 1.0x 1.1x 1.0x 1.1x 1.0x 1.0x 1.0x 1.2x 1.1x 1.0x
Capital allocation
Capex / revenue 5.3% 5.6% 6.7% 5.6% 4.6% 4.6% 4.7% 4.6% 4.3% 5.4%
Stock comp / revenue 0.8% 0.8% 0.7% 0.6% 0.6% 0.6% 0.7% 0.8% 0.8% 0.9%
Payouts / FCF 245.2% 70.7% 96.8% 101.6% 80.2% 74.4% 123.4% 69.6% 100.9% 67.1%
Quality scores
Piotroski F-score 4.0 6.0 6.0 6.0 3.0 7.0 6.0 6.0 7.0 6.0
Altman Z'' 3.9 4.1 4.5 4.6 3.7 4.4 4.9 4.9 5.0 4.5
Accruals ratio 0.3% −3.5% 0.6% −2.9% −11.5% −2.0% −0.2% −5.8% −1.3% −9.6%

Source: SEC EDGAR XBRL filings (CIK 0001385157). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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