TE Connectivity plc (TEL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$2.84	$2.94	+3.5%	—	$5.2B	—
Q2 26	$2.7	$2.73	+1.1%	—	$4.7B	—
Q1 26	$2.55	$2.72	+6.7%	—	$4.7B	—
Q4 25	$2.29	$2.44	+6.6%	—	$4.7B	—
Q3 25	$2.08	$2.27	+9.1%	—	$4.5B	—
Q2 25	$1.96	$2.1	+7.1%	—	$4.1B	—
Q1 25	$1.89	$1.95	+3.2%	—	$3.8B	—
Q4 24	$1.94	$1.95	+0.5%	—	$4.1B	—
Q3 24	$1.86	$1.91	+2.7%	—	$4B	—
Q2 24	$1.83	$1.86	+1.6%	—	$4B	—
Q1 24	$1.71	$1.84	+7.6%	—	$3.8B	—
Q4 23	$1.76	$1.78	+1.1%	—	$4B	—
Q3 23	$1.67	$1.77	+6.0%	—	$4B	—
Q2 23	$1.58	$1.65	+4.4%	—	$4.2B	—
Q1 23	$1.51	$1.53	+1.3%	—	$3.8B	—
Q4 22	$1.87	$1.88	+0.5%	—	$4.4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.2	—	—	$17.3B	—
FY24	—	$10.4	—	—	$15.8B	—
FY23	—	$6.06	—	—	$16B	—
FY22	—	$7.52	—	—	$16.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$11.4B	$12.2B	$14B	$13.4B	$12.2B	$14.9B	$16.3B	$16B	$15.8B	$17.3B
YoY change	-7.2%	+7.34%	+14.8%	-3.86%	-9.49%	+22.6%	+9.1%	-1.52%	-1.18%	+8.94%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	11.4B	12.2B	14B	13.4B	12.2B	14.9B	16.3B	16B	15.8B	17.3B
Cost of revenue	7.5B	8B	9.2B	9.1B	8.4B	10B	11B	11B	10.4B	11.2B
Gross profit	3.8B	4.2B	4.7B	4.4B	3.7B	4.9B	5.2B	5.1B	5.5B	6.1B
Gross margin	33.7%	34.3%	33.9%	32.7%	30.7%	32.7%	32.2%	31.5%	34.4%	35.2%
Research & development	603M	611M	680M	644M	613M	677M	718M	708M	741M	829M
Selling, general & administrative	1.4B	1.5B	1.6B	1.5B	1.4B	1.5B	1.6B	1.7B	1.7B	1.9B
Operating expenses	2B	2.2B	2.3B	2.1B	2B	2.2B	2.3B	2.4B	2.5B	2.7B
Operating income	1.8B	2B	2.5B	2.3B	1.7B	2.7B	2.9B	2.7B	3B	3.4B
Operating margin	16.1%	16.7%	17.7%	16.8%	14.2%	18.1%	18.1%	16.7%	18.8%	19.6%
Non-operating income, net	-697M	-195M	-139M	-280M	-1.2B	-281M	-158M	-389M	-203M	-186M
Pretax income	1B	1.7B	2.2B	1.9B	524M	2.4B	2.7B	2.3B	2.8B	3.2B
Income tax	-826M	180M	-344M	-15M	783M	123M	306M	364M	-397M	1.4B
Net income	2B	1.7B	2.6B	1.8B	-241M	2.3B	2.4B	1.9B	3.2B	1.8B
Net margin	17.7%	13.8%	18.3%	13.7%	-1.98%	15.2%	14.9%	11.9%	20.2%	10.7%
EBITDA	1.7B	2.6B	3.2B	3B	2.5B	3.5B	3.8B	3.5B	3.9B	4.3B
EPS	5.49	4.74	7.33	5.46	-0.73	6.85	7.52	6.06	10.4	6.2
Diluted EPS	5.44	4.7	7.27	5.42	-0.73	6.79	7.47	6.03	10.3	6.16

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	4B	3.8B	4B	4B	4.1B	3.8B	4.1B	4.5B	4.7B	4.7B	4.7B	5.2B
Cost of revenue	2.8B	2.5B	2.6B	2.6B	2.7B	2.5B	2.7B	2.9B	3.1B	2.9B	3B	3.3B
Gross profit	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B	1.5B	1.6B	1.7B	1.7B	1.7B	1.8B
Gross margin	31.8%	34.6%	34.4%	34.8%	34%	35.5%	35.2%	35.3%	35%	37.2%	36.8%	35.6%
Research & development	174M	173M	184M	189M	195M	188M	203M	211M	227M	225M	237M	230M
Selling, general & administrative	412M	424M	444M	431M	433M	427M	454M	491M	494M	538M	536M	532M
Operating expenses	586M	597M	628M	620M	628M	615M	657M	702M	721M	763M	773M	762M
Operating income	699M	727M	735M	766M	755M	745M	802M	898M	939M	976M	972M	1.1B
Operating margin	17.3%	19%	18.5%	19.3%	18.6%	19.4%	19.4%	19.8%	19.8%	20.9%	20.5%	20.8%
Non-operating income, net	-67M	-32M	-48M	-14M	-109M	-56M	-55M	-41M	-34M	-10M	-19M	-92M
Pretax income	634M	699M	687M	754M	657M	706M	755M	846M	897M	961M	942M	971M
Income tax	81M	-1.1B	146M	181M	381M	178M	742M	208M	233M	210M	87M	223M
Net income	552M	1.8B	541M	573M	276M	528M	13M	638M	663M	750M	855M	748M
Net margin	13.7%	47.1%	13.6%	14.4%	6.78%	13.8%	0.31%	14.1%	14%	16.1%	18%	14.5%
EBITDA	914M	940M	941M	991M	996M	953M	1B	1.1B	1.2B	1.3B	1.2B	1.4B
EPS	1.76	5.8	1.76	1.87	0.91	1.77	0.04	2.16	2.25	2.55	2.92	2.57
Diluted EPS	1.75	5.76	1.75	1.86	0.9	1.75	0.04	2.14	2.22	2.53	2.9	2.55

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	23.6B	29.5B	30.8B	31.5B	32.4B	45.3B	35.6B	38.9B	46.4B	65.2B	62.3B
Enterprise value	27B	32.6B	33.9B	34.5B	35.8B	48.3B	38.9B	41.6B	49.4B	69.8B	68B
Shares outstanding	366M	355M	350M	338M	332M	330M	323M	315M	307M	297M	297M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	11.7	17.5	12	17.1	—	20	14.7	20.4	14.5	35.4	21.1
P/S	2.08	2.42	2.2	2.34	2.67	3.03	2.19	2.43	2.93	3.78	3.24
P/B	2.78	3.02	2.84	2.98	3.42	4.21	3.27	3.34	3.71	5.12	4.73
EV/EBITDA	15.8	12.5	10.7	11.6	14.4	13.9	10.3	11.8	12.8	16.3	13.7
EV/Sales	2.38	2.68	2.43	2.57	2.94	3.24	2.39	2.59	3.12	4.04	3.52
Earnings yield	8.53%	5.71%	8.33%	5.85%	—	4.99%	6.81%	4.91%	6.89%	2.83%	4.73%
FCF yield	5.7%	5.57%	4.93%	5.31%	4.41%	4.39%	4.77%	6.17%	6.03%	4.91%	3.75%
PEG	—	—	—	—	—	—	—	—	—	—	1.11

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	33.7%	34.3%	33.9%	32.7%	30.7%	32.7%	32.2%	31.5%	34.4%	35.2%	35.6%
Operating margin	16.1%	16.7%	17.7%	16.8%	14.2%	18.1%	18.1%	16.7%	18.8%	19.6%	20.8%
Net margin	17.7%	13.8%	18.3%	13.7%	-1.98%	15.2%	14.9%	11.9%	20.2%	10.7%	15.6%
ROE	23.7%	17.3%	23.7%	17.4%	-2.54%	21%	22.3%	16.4%	25.6%	14.5%	23.3%
ROA	11.4%	8.67%	12.6%	9.36%	-1.25%	10.5%	11.7%	8.8%	14%	7.34%	9.69%
ROIC	15.4%	14.1%	17.7%	16.6%	0%	18.6%	18.5%	15.7%	19.2%	11.3%	17.8%
Return on tangible assets	70.1%	38.1%	45.7%	36.7%	-4.3%	31.5%	31.6%	22.6%	35.9%	28.9%	42.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.56	1.54	1.41	1.57	1.57	1.56	1.57	1.77	1.61	1.56	1.88
Quick ratio	1.04	1.11	0.98	1.05	1.04	1.02	0.99	1.2	1.08	1.03	1.23
Debt / equity	0.48	0.45	0.37	0.38	0.45	0.39	0.4	0.37	0.35	0.46	0.43
Debt / assets	0.23	0.22	0.2	0.2	0.22	0.2	0.21	0.2	0.19	0.23	0.22
Net debt / EBITDA	2.01	1.2	1	1.02	1.34	0.87	0.86	0.76	0.78	1.06	0.87
Interest coverage	9.04	14.2	21.9	29.4	11.9	43.5	42.4	29.4	41	42.6	31.9
Effective tax rate	0%	10.5%	0%	0%	100%	5.17%	11.2%	16%	0%	42.5%	20%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	31	34.3	40	39.8	36.7	45.2	50.4	50.9	51.6	58.1	65.9
EPS (basic)	5.49	4.74	7.33	5.46	-0.73	6.85	7.52	6.06	10.4	6.2	6.2
EPS (diluted)	5.44	4.7	7.27	5.42	-0.73	6.79	7.47	6.03	10.3	6.16	10.2
Book value per share	23.2	27.5	30.9	31.3	28.6	32.6	33.7	37	40.7	42.9	45.7
FCF per share	3.67	4.63	4.33	4.95	4.31	6.02	5.26	7.62	9.11	10.8	11.3
Cash per share	1.77	3.43	2.42	2.74	2.85	3.65	3.37	5.27	4.3	4.23	4.28
Capex per share	0.02	0.05	0.07	0.13	0.05	0.26	0.33	0.01	0.05	3.15	3.76

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.07%	0.16%	0.16%	0.32%	0.14%	0.58%	0.65%	0.02%	0.1%	5.42%	5.71%
Capex / operating cash flow	0.45%	0.91%	0.99%	1.88%	1.51%	3.5%	3.88%	0.14%	0.45%	22.6%	25%
Payout ratio	25.3%	32.4%	22.9%	33%	-259.3%	28.6%	28.2%	38%	23.8%	43.6%	28.5%
Dividend yield	2.16%	1.85%	1.91%	1.93%	1.93%	1.43%	1.92%	1.86%	1.64%	1.23%	1.46%

Yield

1.46%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.78

ex-dividend Aug 21, 2026

Payout ratio

28%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 21, 2026	$0.78
May 22, 2026	$0.78
Feb 20, 2026	$0.71

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$4B	$3.8B	$4B	$4B	$4.1B	$3.8B	$4.1B	$4.5B	$4.7B	$4.7B	$4.7B	$5.2B
YoY change	-7.43%	-0.26%	-4.64%	-0.48%	+0.82%	+0.13%	+4.44%	+13.9%	+16.7%	+21.7%	+14.5%	+13.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	647M	1.2B	848M	927M	945M	1.2B	1.1B	1.7B	1.3B	1.3B
Receivables	2B	2.1B	2.4B	2.3B	2.4B	2.9B	2.9B	3B	3.1B	3.4B
Inventory	1.6B	1.6B	1.9B	1.8B	1.9B	2.5B	2.7B	2.6B	2.5B	2.7B
Total current assets	4.8B	5.9B	6.2B	5.6B	5.8B	7.3B	7.3B	7.9B	7.6B	8B
Property, plant & equipment	1.8B	1.8B	2.1B	2.2B	2.2B	2.3B	2.2B	2.3B	2.3B	2.6B
Goodwill & intangibles	14.7B	15B	14.8B	14.7B	13.6B	14.3B	13.1B	13.3B	13.9B	18.7B
Total assets	17.6B	19.4B	20.4B	19.7B	19.2B	21.5B	20.8B	21.7B	22.9B	25.1B
Accounts payable	1.1B	1.4B	1.5B	1.4B	1.3B	1.9B	1.6B	1.6B	1.7B	2B
Short-term debt	331M	710M	963M	570M	810M	621M	1B	800M	999M	978M
Total current liabilities	3.1B	3.8B	4.4B	3.5B	3.7B	4.7B	4.6B	4.5B	4.7B	5.1B
Long-term debt	3.7B	3.6B	3B	3.4B	3.5B	3.6B	3.3B	3.5B	3.3B	4.8B
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	9.5B	10.7B	10.9B	11.7B	12.5B	12.7B
Total debt	4.1B	4.3B	4B	4B	4.3B	4.2B	4.3B	4.3B	4.3B	5.8B
Net debt	3.4B	3.1B	3.2B	3B	3.3B	3B	3.2B	2.7B	3B	4.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	1.7B	—	—	—	—	—	—	—	1.3B	1.3B	1.1B	1.2B
Receivables	3B	—	—	—	—	—	—	—	3.4B	3.5B	3.5B	3.7B
Inventory	2.6B	—	—	—	—	—	—	—	2.7B	3B	3B	3B
Total current assets	7.9B	—	—	—	—	—	—	—	8B	8.4B	8.2B	8.7B
Property, plant & equipment	2.3B	—	—	—	—	—	—	—	2.6B	—	—	—
Goodwill & intangibles	13.3B	—	—	—	—	—	—	—	18.7B	18.7B	19.2B	19B
Total assets	21.7B	—	—	—	—	—	—	—	25.1B	25.6B	25.7B	26.1B
Accounts payable	1.6B	—	—	—	—	—	—	—	2B	2.1B	2.2B	2.4B
Short-term debt	800M	—	—	—	—	—	—	—	—	—	—	102M
Total current liabilities	4.5B	—	—	—	—	—	—	—	5.1B	5.1B	4.4B	4.7B
Long-term debt	3.5B	—	—	—	—	—	—	—	4.8B	4.9B	5.6B	5.5B
Total liabilities	10.1B	—	—	—	—	—	—	—	12.4B	12.4B	12.3B	12.7B
Shareholders' equity	11.7B	—	—	—	—	—	—	—	12.7B	13.1B	13.4B	13.4B
Total debt	4.3B	—	—	—	—	—	—	—	4.8B	4.9B	5.6B	5.6B
Net debt	2.7B	—	—	—	—	—	—	—	3.6B	3.6B	4.4B	4.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.8B	1.5B	2.6B	1.9B	-259M	2.3B	2.4B	1.9B	3.2B	1.8B
Depreciation & amortization	560M	611M	667M	690M	711M	769M	785M	794M	826M	838M
Stock-based compensation	87M	95M	95M	75M	74M	94M	119M	123M	127M	149M
Change in working capital	-1.6B	-38M	-231M	-262M	-98M	-347M	-592M	-30M	-3M	32M
Operating cash flow	1.8B	2.1B	2.3B	2.3B	1.1B	2.5B	2.7B	2.9B	3.6B	4.1B
Capital expenditure	8M	19M	23M	43M	17M	86M	106M	4M	16M	-936M
Investing cash flow	-953M	-230M	-138M	-238M	-305M	-347M	-110M	-36M	-270M	-3.6B
Dividends paid	-509M	-546M	-588M	-608M	-625M	-647M	-685M	-725M	-760M	-803M
Share repurchases	-2.8B	-614M	-879M	-1.1B	-523M	-831M	-1.4B	-945M	-2.1B	-1.3B
Financing cash flow	-3.1B	-931M	-1.8B	-1.7B	-1.2B	-1.6B	-1.7B	-1.8B	-3B	-811M
Net change in cash	-2.3B	930M	369M	316M	-339M	560M	884M	1.1B	332M	-251M
Free cash flow	1.3B	1.6B	1.5B	1.7B	1.4B	2B	1.7B	2.4B	2.8B	3.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	553M	1.8B	541M	573M	276M	528M	13M	638M	664M	751M	855M	748M
Depreciation & amortization	200M	194M	192M	208M	232M	186M	192M	216M	244M	259M	243M	256M
Stock-based compensation	28M	34M	35M	31M	27M	35M	34M	36M	44M	50M	42M	38M
Change in working capital	191M	75M	-147M	146M	-77M	171M	-372M	-86M	319M	-161M	-126M	-51M
Operating cash flow	1.1B	964M	683M	1B	911M	1.1B	527M	938M	1.4B	865M	947M	1.2B
Capital expenditure	1M	2M	0	10M	4M	1M	1M	5M	-271M	-258M	-270M	-304M
Investing cash flow	-1M	-317M	8M	32M	7M	-332M	6M	-2.3B	-274M	-255M	-470M	-304M
Dividends paid	-184M	-183M	-182M	-199M	-196M	-189M	-193M	-212M	-209M	-209M	-208M	-226M
Share repurchases	-271M	-476M	-409M	-416M	-761M	-303M	-306M	-301M	-437M	-405M	-414M	-529M
Financing cash flow	-417M	-756M	-561M	-631M	-1B	-429M	71M	-834M	-392M	-660M	-534M	-764M
Net change in cash	637M	-109M	130M	403M	-92M	303M	604M	-2.2B	755M	-50M	-57M	117M
Free cash flow	944M	568M	543M	857M	829M	673M	423M	957M	1.1B	607M	677M	881M

TE Connectivity plc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement