TE Connectivity plc TEL
We are a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal, and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. References in this report to "TE Connectivity," the "Company," "we," "us," or "our" refer to TE Connectivity Ltd. before September 30, 2024 and to TE Connectivity plc on or after September 30, 2024.
We became an independent, publicly traded company in 2007; however, through our predecessor companies, we trace our foundations in the connectivity business back to 1941.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.26B | $15.85B | $16.03B | $16.28B | $14.92B | $12.17B | $13.45B | $13.99B | $12.19B | $11.35B |
| Cost of revenue | $11.18B | $10.39B | $10.98B | $11.04B | $10.04B | $8.44B | $9.05B | $9.24B | $8.00B | $7.53B |
| Gross profit | $6.08B | $5.46B | $5.05B | $5.24B | $4.89B | $3.73B | $4.39B | $4.75B | $4.18B | $3.83B |
| R&D | $699.0M | $621.0M | $593.0M | $610.0M | $612.0M | $539.0M | $572.0M | $606.0M | $548.0M | $525.0M |
| SG&A | $1.87B | $1.73B | $1.67B | $1.58B | $1.51B | $1.39B | $1.49B | $1.59B | $1.54B | $1.40B |
| Operating income | $3.21B | $2.80B | $2.30B | $2.76B | $2.43B | $537.0M | $1.98B | $2.33B | $1.88B | $1.81B |
| Interest expense | $77.0M | $70.0M | $80.0M | $66.0M | $56.0M | $48.0M | $68.0M | $107.0M | $130.0M | $127.0M |
| Pre-tax income | $3.20B | $2.80B | $2.27B | $2.73B | $2.38B | $524.0M | $1.93B | $2.24B | $1.72B | $1.02B |
| Income tax | $1.36B | $397.0M | $364.0M | $306.0M | $123.0M | $783.0M | $15.0M | $344.0M | $180.0M | $826.0M |
| Net income | $1.84B | $3.19B | $1.91B | $2.43B | $2.26B | -$241.0M | $1.84B | $2.56B | $1.68B | $2.01B |
| EPS, basic | 6.20 | 10.40 | 6.06 | 7.52 | 6.85 | -0.73 | 5.46 | 7.33 | 4.74 | 5.49 |
| EPS, diluted | 6.16 | 10.33 | 6.03 | 7.47 | 6.79 | -0.73 | 5.42 | 7.27 | 4.70 | 5.44 |
| Shares, diluted (wtd. avg.) | $299.0M | $309.0M | $317.0M | $325.0M | $333.0M | $332.0M | $340.0M | $353.0M | $358.0M | $369.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.25B | $1.32B | $1.66B | $1.09B | $1.20B | $945.0M | $927.0M | $848.0M | $1.22B | $647.0M |
| Receivables | $3.40B | $3.06B | $2.97B | $2.87B | $2.93B | $2.38B | $2.32B | $2.36B | $2.14B | $2.05B |
| Inventory | $2.70B | $2.52B | $2.55B | $2.68B | $2.51B | $1.95B | $1.84B | $1.86B | $1.65B | $1.60B |
| Total current assets | $7.97B | $7.63B | $7.89B | $7.27B | $7.26B | $5.78B | $5.55B | $6.20B | $5.93B | $4.78B |
| Property, plant and equipment | $4.31B | $3.90B | $3.75B | $3.57B | $3.78B | $3.65B | $3.57B | $3.50B | $3.16B | $2.81B |
| Goodwill | $7.13B | $5.80B | $5.46B | $5.26B | $5.59B | $5.22B | $5.74B | $5.68B | $5.65B | $5.49B |
| Other intangibles | $2.23B | $1.17B | $1.18B | $1.29B | $1.55B | $1.59B | $1.60B | $1.70B | $1.84B | $1.88B |
| Total assets | $25.08B | $22.85B | $21.71B | $20.78B | $21.46B | $19.24B | $19.69B | $20.39B | $19.40B | $17.61B |
| Accounts payable | $2.02B | $1.73B | $1.56B | $1.59B | $1.91B | $1.28B | $1.36B | $1.55B | $1.39B | $1.09B |
| Short-term debt | $852.0M | $871.0M | $682.0M | $914.0M | $503.0M | $694.0M | $570.0M | $963.0M | $710.0M | $331.0M |
| Total current liabilities | $5.12B | $4.75B | $4.46B | $4.63B | $4.66B | $3.69B | $3.54B | $4.41B | $3.85B | $3.07B |
| Long-term debt | $4.84B | $3.33B | $3.53B | $3.29B | $3.59B | $3.45B | $3.40B | $3.04B | $3.63B | $3.74B |
| Total liabilities | $12.35B | $10.37B | $10.06B | $9.88B | $10.71B | $9.75B | $9.12B | $9.55B | $9.65B | $9.12B |
| Retained earnings | $13.93B | $14.53B | $12.95B | $12.83B | $11.71B | $10.35B | $12.26B | $12.11B | $10.18B | $8.68B |
| Total equity | $12.59B | $12.36B | $11.55B | $10.80B | $10.63B | $9.38B | $10.57B | $10.83B | $9.75B | $8.48B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.14B | $3.48B | $3.13B | $2.47B | $2.68B | $1.99B | $2.42B | $2.45B | $2.32B | $1.95B |
| Depreciation and amortisation | $838.0M | $826.0M | $794.0M | $785.0M | $769.0M | $711.0M | $690.0M | $667.0M | $611.0M | $560.0M |
| Stock-based compensation | $149.0M | $127.0M | $123.0M | $119.0M | $94.0M | $74.0M | $75.0M | $95.0M | $95.0M | $87.0M |
| Capital expenditure | $936.0M | $680.0M | $732.0M | $768.0M | $690.0M | $560.0M | $749.0M | $935.0M | $679.0M | $603.0M |
| Investing cash flow | -$3.57B | -$950.0M | -$768.0M | -$878.0M | -$1.04B | -$865.0M | -$692.0M | -$1.09B | -$932.0M | -$1.58B |
| Financing cash flow | -$629.0M | -$2.87B | -$1.79B | -$1.68B | -$1.39B | -$1.10B | -$1.64B | -$1.72B | -$814.0M | -$3.06B |
| Dividends paid | $803.0M | $760.0M | $725.0M | $685.0M | $647.0M | $625.0M | $608.0M | $588.0M | $546.0M | $509.0M |
| Buybacks | $1.35B | $2.06B | $945.0M | $1.41B | $831.0M | $523.0M | $1.09B | $879.0M | $614.0M | $2.79B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-25-109150.
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