TE Connectivity plc

TEL · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002
Valuation
Market cap	$64,131	$45,959	$38,781	$35,297	$47,005	$31,121	$30,406	$28,693	$27,104	$21,008	$19,543	$22,669	$21,644	$14,497	$12,325	$13,237	$10,227	$13,360	$18,031	–	–	–	–	$19,308
Enterprise value	$69,571	$49,728	$42,113	$39,252	$50,794	$35,244	$33,444	$31,845	$30,230	$24,431	$20,117	$24,076	$23,261	$16,625	$13,786	$13,668	$11,133	$15,461	$20,480	–	–	–	–	$25,250
P/E (TTM) at period end	34.82×	14.39×	20.30×	14.54×	20.79×	–	16.49×	11.19×	16.10×	10.46×	8.08×	12.73×	16.96×	13.04×	9.90×	12.00×	–	7.92×	–	–	–	–	–	–
P/S (TTM) at period end	3.72×	2.90×	2.42×	2.17×	3.15×	2.56×	2.26×	2.05×	2.22×	1.85×	1.60×	1.89×	1.90×	1.09×	0.89×	1.13×	1.00×	0.93×	1.43×	–	–	–	–	1.94×
P/B at period end	5.10×	3.72×	3.36×	3.27×	4.42×	3.32×	2.88×	2.65×	2.78×	2.48×	2.04×	2.52×	2.58×	1.82×	1.65×	1.88×	1.46×	1.21×	1.58×	–	–	–	–	3.79×
EV / EBITDA (TTM)	17.18×	13.73×	13.59×	11.09×	15.86×	28.24×	12.54×	10.62×	12.16×	10.32×	8.51×	10.22×	12.11×	7.82×	6.12×	6.95×	–	7.02×	17.79×	–	–	–	–	–
EV / Sales (TTM)	4.03×	3.14×	2.63×	2.41×	3.40×	2.90×	2.49×	2.28×	2.48×	2.15×	1.64×	2.01×	2.04×	1.25×	1.00×	1.17×	1.09×	1.08×	1.63×	–	–	–	–	2.54×
Returns
Return on equity	14.6%	25.8%	16.5%	22.5%	21.3%	(2.6%)	17.4%	23.7%	17.3%	23.7%	25.2%	19.8%	15.2%	14.0%	16.7%	15.6%	(46.7%)	15.2%	(4.9%)	10.2%	11.5%	9.6%	(3.6%)	(87.2%)
Return on invested capital	10.3%	17.5%	13.1%	16.7%	16.1%	–	14.5%	16.7%	13.0%	15.2%	13.5%	15.9%	13.9%	12.4%	14.7%	13.5%	(37.2%)	9.1%	–	11.2%	11.6%	19.2%	4.3%	(38.6%)
Dividend yield	1.3%	1.7%	1.9%	1.9%	1.4%	2.0%	2.0%	2.0%	2.0%	2.4%	2.6%	2.0%	1.8%	2.3%	2.4%	2.2%	2.9%	2.0%	–	–	–	–	–	–
Financial health
Current ratio	1.56×	1.61×	1.77×	1.57×	1.56×	1.57×	1.57×	1.41×	1.54×	1.56×	2.21×	2.22×	1.61×	1.62×	2.05×	1.95×	2.13×	2.25×	1.60×	1.92×	1.99×	2.08×	1.73×	0.84×
Debt / equity	0.45×	0.34×	0.36×	0.39×	0.38×	0.44×	0.38×	0.37×	0.45×	0.48×	0.41×	0.43×	0.36×	0.47×	0.36×	0.34×	0.35×	0.29×	0.30×	0.33×	0.45×	–	1.03×	1.17×
Effective tax rate	42.5%	(14.2%)	16.0%	11.2%	5.2%	149.4%	(0.8%)	(15.4%)	10.5%	(80.9%)	21.4%	8.3%	(6.9%)	17.6%	22.0%	30.6%	15.4%	27.8%	180.9%	7.8%	–	–	–	–
Share count
Diluted shares outstanding	299	309	317	325	333	332	340	353	358	369	411	417	423	430	443	457	459	486	497	497	497	498	496	497

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002
Revenue and gross profit
Revenue	$19,322	$17,262	$15,845	$16,034	$16,281	$14,923	$12,172	$13,448	$13,988	$12,185	$11,352	$12,233	$11,973	$11,390	$13,282	$13,778	$11,681	$10,256	$14,373	$12,574	$12,812	$10,924	$10,079	$9,217	$9,930
Cost of revenue	($12,343)	($11,183)	($10,389)	($10,979)	($11,037)	($10,036)	($8,437)	($9,054)	($9,243)	($8,002)	($7,525)	($8,146)	($8,001)	($7,739)	($9,236)	($9,507)	($8,038)	($7,720)	($10,200)	($8,855)	($8,937)	–	–	–	–
Gross profit	$6,979	$6,079	$5,456	$5,055	$5,244	$4,887	$3,735	$4,394	$4,745	$4,183	$3,827	$4,087	$3,972	$3,651	$4,046	$4,271	$3,643	$2,536	$4,173	$3,719	$3,875	–	–	–	–
Operating expenses
Research and development	($919)	($699)	($621)	($593)	($610)	($612)	($539)	($572)	($606)	($548)	($525)	($540)	($484)	($494)	($595)	($593)	($461)	($439)	($482)	($520)	($504)	($454)	($441)	–	–
Selling, general and administrative	($2,100)	($1,866)	($1,732)	($1,670)	($1,584)	($1,512)	($1,392)	($1,490)	($1,594)	($1,543)	($1,396)	($1,504)	($1,534)	($1,440)	($1,685)	($1,728)	($1,490)	($1,408)	($1,573)	($1,509)	($1,627)	($1,507)	($1,543)	–	–
Total operating expenses	($3,165)	($2,868)	($2,660)	($2,751)	($2,488)	($2,453)	($3,198)	($2,416)	($2,414)	($2,307)	($2,019)	($2,338)	($2,167)	($2,266)	($2,528)	($2,584)	($2,191)	($6,010)	($2,510)	($3,064)	($2,131)	–	–	–	–
Total costs and expenses	($15,508)	($14,051)	($13,049)	($13,730)	($13,525)	($12,489)	($11,635)	($11,470)	($11,657)	($10,309)	($9,544)	($10,484)	($10,168)	($10,005)	($11,764)	($12,091)	($10,229)	($13,730)	($12,710)	($11,919)	($11,068)	($9,265)	($8,494)	($8,670)	($14,183)
Operating income	$3,814	$3,211	$2,796	$2,304	$2,756	$2,434	$537	$1,978	$2,331	$1,876	$1,808	$1,749	$1,805	$1,385	$1,518	$1,687	$1,452	($3,474)	$1,663	$655	$1,744	$1,659	$1,585	$547	($4,253)
Earnings
EBITDA	$4,816	$4,049	$3,622	$3,098	$3,541	$3,203	$1,248	$2,668	$2,998	$2,487	$2,368	$2,365	$2,356	$1,921	$2,127	$2,251	$1,966	($2,959)	$2,202	$1,151	$2,275	$2,201	$2,098	–	–
Interest income	$88	$83	$87	$60	$15	$17	$15	$19	$15	$16	$17	$17	$19	$17	$23	$22	$20	$17	$32	$53	–	–	–	–	–
Interest expense	($122)	($77)	($70)	($80)	($66)	($56)	($48)	($68)	($107)	($130)	($127)	($136)	($127)	($139)	($176)	($161)	($155)	($165)	($190)	($232)	($220)	($294)	($344)	–	–
Pre-tax income	$3,771	$3,204	$2,797	$2,268	$2,733	$2,378	$524	$1,931	$2,240	$1,720	$1,021	$1,575	$1,760	$1,080	$1,415	$1,575	$1,558	($3,670)	$1,991	$257	$1,201	–	–	–	–
Income tax expense	($753)	($1,361)	$397	($364)	($306)	($123)	($783)	$15	$344	($180)	$826	($337)	($146)	$75	($249)	($347)	($476)	$567	($554)	($465)	($94)	($360)	($405)	($775)	($187)
Net income	$3,016	$1,842	$3,193	$1,910	$2,428	$2,261	($241)	$1,844	$2,565	$1,683	$2,009	$2,420	$1,781	$1,276	$1,112	$1,245	$1,103	($3,265)	$1,687	($554)	$1,137	$1,133	$791	($228)	($4,440)
Per share
Diluted EPS (GAAP)	$10.20	$6.16	$10.33	$6.03	$7.47	$6.79	($0.73)	$5.42	$7.27	$4.70	$5.44	$5.89	$4.27	$3.02	$2.59	$2.81	$2.41	($7.11)	$3.47	($1.11)	$2.40	$2.30	$1.53	($0.46)	($8.93)
Basic EPS (GAAP)	$10.29	$6.20	$10.40	$6.06	$7.52	$6.85	($0.73)	$5.46	$7.33	$4.74	$5.49	$5.98	$4.34	$3.05	$2.61	$2.84	$2.43	($7.11)	$3.49	($1.11)	$2.40	$2.30	$1.53	($0.46)	($8.93)
Basic shares outstanding	293	297	307	315	323	330	332	338	350	355	366	405	410	418	426	438	453	459	483	497	497	497	498	496	497
Margins
Gross margin	36.1%	35.2%	34.4%	31.5%	32.2%	32.7%	30.7%	32.7%	33.9%	34.3%	33.7%	33.4%	33.2%	32.1%	30.5%	31.0%	31.2%	24.7%	29.0%	29.6%	30.2%	–	–	–	–
Operating margin	19.7%	18.6%	17.6%	14.4%	16.9%	16.3%	4.4%	14.7%	16.7%	15.4%	15.9%	14.3%	15.1%	12.2%	11.4%	12.2%	12.4%	(33.9%)	11.6%	5.2%	13.6%	15.2%	15.7%	5.9%	(42.8%)
Net margin	15.6%	10.7%	20.2%	11.9%	14.9%	15.2%	(2.0%)	13.7%	18.3%	13.8%	17.7%	19.8%	14.9%	11.2%	8.4%	9.0%	9.4%	(31.8%)	11.7%	(4.4%)	8.9%	10.4%	7.8%	(2.5%)	(44.7%)

Analyst consensus

Hold29 analysts

Bearish · 0 · Hold · 15 · Bullish · 14

Earnings history

	EPS	Estimate
Q4 2024	$1.95	$1.94	Beat
Q1 2025	$1.95	$1.89	Beat
Q2 2025	$2.10	$1.96	Beat
Q3 2025	$2.27	$2.08	Beat
Q4 2025	$2.44	$2.29	Beat
Q1 2026	$2.72	$2.55	Beat
Q2 2026	$2.73	$2.69	Beat
Q3 2026	$2.94	$2.85	Beat

Peers

Company overview

IPO dateJun 14, 2007

CEOTerrence R. Curtin

Employees90,000

SectorTechnology

IndustrySemiconductors

CountryIE

ExchangeNew York Stock Exchange

Websitewww.te.com

TE Connectivity plc, together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through two reportable segments, Transportation Solutions and Industrial Solutions. It provides antennas, application tooling, cable assemblies, connectors, electromagnetic compatibility/electromagnetic interference solutions, energy and power, fiber optics, heat shrink tubing, identification and labeling, medical components, passive components, relays and contactors, sensors, switches, terminals and splices, wires and cables, and wire protection and management solutions. The company also offers training and other services, including 3D printing for production, back shells prototyping, electrical installation training, HarnWare software, machine tooling service and repair, medical device design services, microfluidic devices, and sensor manufacturing services as well as conducts automotive webinars. It serves 5G and wireless equipment, aerospace, appliances, automation and control, automotive, autosport, commercial and industrial vehicles, connected home, data centers and artificial intelligence, defense and military, energy solutions, e-mobility, industrial machinery, intelligent buildings, IoT connectivity, medical technologies, oil and gas/marine, personal electronics and wearable technology, rail, sensor applications, space, and other industries. The company was formerly known as Tyco Electronics Ltd. and changed its name to TE Connectivity plc in March 2011. TE Connectivity plc was founded in 1941 and is based in Ballybrit, Ireland.

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