Saturday 17 October 2026
Export TEL’s income statement to Excel — free account
TE Connectivity Ltd.
TEL Technology Electronic Components
TE Connectivity Ltd.’s revenue for fiscal 2025 (year ended September 2025) was $17.3 billion, up 8.94% from fiscal 2024. In the quarter to June 2026, revenue grew 13.8%, EPS grew 19.0%, free cash flow fell 8.21% and total debt rose 14.1%, each against the same quarter a year earlier. Member of the S&P 500; operating cash flow growth for three consecutive years.
212.64
0.35
−0.16%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 51.70 | 66.20 | 69.84 | 72.24 | 48.62 | 116.87 | 104.76 | 113.46 | 128.52 | 116.30 |
Analyst estimates 2026–2028 Powerpack |
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| High | 71.87 | 97.17 | 108.23 | 97.99 | 121.23 | 166.44 | 165.81 | 146.60 | 159.98 | 250.67 | |||||
| People | |||||||||||||||
| People | Employees | 75,000 | 78,000 | 80,000 | 78,000 | 82,000 | 89,000 | 92,000 | 90,000 | 87,000 | 93,000 | ||||
| Revenue/emp, $m | 0.15 | 0.16 | 0.17 | 0.17 | 0.15 | 0.17 | 0.18 | 0.18 | 0.18 | 0.19 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 11,352 | 12,185 | 13,988 | 13,448 | 12,172 | 14,923 | 16,281 | 16,034 | 15,845 | 17,262 | ||||
| Gross margin, % | 33.71 | 34.33 | 33.92 | 32.67 | 30.69 | 32.75 | 32.21 | 31.53 | 34.43 | 35.22 | |||||
| EBT | 1,021 | 1,720 | 2,240 | 1,931 | 524 | 2,378 | 2,733 | 2,268 | 2,797 | 3,204 | |||||
| EBT margin, % | 8.99 | 14.12 | 16.01 | 14.36 | 4.30 | 15.94 | 16.79 | 14.14 | 17.65 | 18.56 | |||||
| Net income | 2,009 | 1,683 | 2,565 | 1,844 | (241) | 2,261 | 2,428 | 1,910 | 3,193 | 1,842 | |||||
| Depreciation | 560 | 611 | 667 | 690 | 1,611 | 769 | 785 | 794 | 826 | 838 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 31.02 | 34.32 | 39.97 | 39.79 | 36.66 | 45.22 | 50.41 | 50.90 | 51.61 | 58.12 | ||||
| Earnings | 5.49 | 4.74 | 7.33 | 5.46 | (0.73) | 6.85 | 7.52 | 6.06 | 10.40 | 6.20 | |||||
| Cash flow | 5.32 | 6.54 | 7.00 | 7.17 | 6.00 | 8.11 | 7.64 | 9.94 | 11.33 | 13.94 | |||||
| Capex | (1.63) | (1.86) | (2.61) | (2.09) | (1.64) | (1.83) | (2.05) | (2.31) | (2.16) | (3.11) | |||||
| Free cash flow | 3.69 | 4.68 | 4.40 | 5.08 | 4.36 | 6.28 | 5.59 | 7.63 | 9.16 | 10.82 | |||||
| Book value | 23.18 | 27.47 | 30.95 | 31.27 | 28.26 | 32.22 | 33.44 | 36.67 | 40.24 | 42.37 | |||||
| Shares, m | 366 | 355 | 350 | 338 | 332 | 330 | 323 | 315 | 307 | 297 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 11.62 | 17.64 | 11.77 | 17.03 | 0.00 | 20.00 | 14.70 | 20.33 | 14.60 | 35.29 | ||||
| P/S | 2.08 | 2.44 | 2.17 | 2.34 | 2.67 | 3.03 | 2.19 | 2.42 | 2.93 | 3.78 | |||||
| P/B | 2.78 | 3.05 | 2.81 | 2.98 | 3.46 | 4.26 | 3.30 | 3.36 | 3.75 | 5.18 | |||||
| EV/Sales | 2.37 | 2.71 | 2.39 | 2.59 | 2.94 | 3.25 | 2.38 | 2.59 | 3.11 | 4.04 | |||||
| EV/FCF | 19.94 | 19.89 | 21.74 | 20.30 | 24.73 | 23.43 | 21.44 | 17.29 | 17.51 | 21.68 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 1,947 | 2,321 | 2,451 | 2,422 | 1,992 | 2,676 | 2,468 | 3,132 | 3,477 | 4,139 | ||||
| Capex | (595) | (660) | (912) | (706) | (543) | (604) | (662) | (728) | (664) | (925) | |||||
| Free cash flow | 1,352 | 1,661 | 1,539 | 1,716 | 1,449 | 2,072 | 1,806 | 2,404 | 2,813 | 3,214 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 1,709 | 2,079 | 1,789 | 2,014 | 2,094 | 2,607 | 2,636 | 3,429 | 2,885 | 2,846 | ||||
| Total debt | 3,739 | 3,634 | 3,037 | 3,395 | 3,452 | 3,589 | 3,292 | 3,529 | 3,332 | 4,842 | |||||
| Net debt | 3,092 | 2,416 | 2,189 | 2,468 | 2,507 | 2,386 | 2,204 | 1,868 | 2,013 | 3,587 | |||||
| Shareholders’ equity | 8,485 | 9,751 | 10,831 | 10,570 | 9,383 | 10,634 | 10,802 | 11,551 | 12,355 | 12,585 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 10.52 | 9.09 | 12.89 | 9.20 | (1.24) | 11.11 | 11.50 | 8.99 | 14.33 | 7.69 | ||||
| ROIC | 9.76 | 9.64 | 11.19 | 9.48 | 2.82 | 11.68 | 13.24 | 10.73 | 12.16 | 12.41 | |||||
| ROE | 22.24 | 18.46 | 24.92 | 17.23 | (2.42) | 22.59 | 22.65 | 17.09 | 26.71 | 14.77 | |||||
Negative figures in brackets.
Fiscal years to Sep 2025 · latest quarter Jun 2026
Charts ten years each
TE Connectivity Ltd. vs peers in Electronic Components (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| APH Amphenol Corporation | $201.0B | 37.8× | 29.9× | +55.00% (above 0%: growing) | +60.00% (above 0%: growing) | +7.51% (above 0%: growing) | 40.51% | 29.51% | Compare |
| GLW Corning Incorporated | $119.2B | 59.7× | 66.0× | +16.65% (above 0%: growing) | +18.18% (above 0%: growing) | +223.75% (above 0%: growing) | 36.14% | 15.49% | Compare |
| TEL TE Connectivity Ltd. | $61.7B | 20.7× | 19.7× | +13.81% (above 0%: growing) | +18.98% (above 0%: growing) | −8.21% (below 0%: shrinking) | 35.56% | 19.01% | |
| FLEX Flex Ltd. | $36.4B | 34.9× | 37.0× | +20.58% (above 0%: growing) | +52.00% (above 0%: growing) | −84.70% (below 0%: shrinking) | 9.42% | 4.94% | Compare |
| JBL Jabil, Inc. | $30.1B | 28.2× | 31.7× | +28.65% (above 0%: growing) | +86.61% (above 0%: growing) | +7.13% (above 0%: growing) | 9.43% | 5.67% | Compare |
| FN Fabrinet | $13.8B | 27.5× | 38.1× | +44.64% (above 0%: growing) | +59.43% (above 0%: growing) | −885.01% (below 0%: shrinking) | 12.01% | 10.20% | Compare |
| TTMI TTM Technologies, Inc. | $10.7B | 41.2× | 53.7× | +37.42% (above 0%: growing) | +95.12% (above 0%: growing) | +22.47% (above 0%: growing) | 21.10% | 10.86% | Compare |
| VICR Vicor Corporation | $10.1B | 60.0× | 96.1× | +1.63% (above 0%: growing) | +17.39% (above 0%: growing) | −61.09% (below 0%: shrinking) | 57.98% | 24.33% | Compare |
| SANM Sanmina Corporation | $10.1B | 30.8× | 44.7× | +69.67% (above 0%: growing) | +69.53% (above 0%: growing) | −85.58% (below 0%: shrinking) | 10.49% | 6.39% | Compare |
| Median of peers | $21.9B | 36.4× | 41.4× | +33.04% | +59.72% | −26.98% | 16.56% | 10.53% |
TEL metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
TE Connectivity Ltd. (TEL) key facts
- Concern: Net income was $1.8 billion, or $6.20 per share (basic), a net margin of 10.7%.
- Strength: TE Connectivity Ltd.’s revenue for fiscal 2025 (year ended September 2025) was $17.3 billion, up 8.94% from fiscal 2024.
- TE Connectivity Ltd. (TEL) is an Electronic Components company in the Technology sector, listed on the New York Stock Exchange.
- As of October 16, 2026, TEL traded at $212.64, a market capitalization of $61.7 billion.
- At that price the stock trades at 20.7× trailing-twelve-month earnings and 3.2× sales; its P/E is higher than 62% of its own readings over the past ten years.
- TE Connectivity Ltd. pays an annual dividend of $2.98 per share, a yield of 1.40%, with a payout ratio of 29.2%.
- Return on equity was 14.8% and debt-to-equity 0.42.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 5.16 (safe zone) for fiscal 2025.