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TE Connectivity Ltd. (TEL) 10-Year Financial Performance & Capital Metrics

TEL • • Industrial / General
TechnologyTech Hardware & EquipmentElectronic Components & ConnectorsConnectors & Interconnects
AboutTE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. The Transportation Solutions segment provides terminals and connector systems and components, sensors, relays, antennas, heat shrink tubing, and application tooling products for use in the automotive, commercial transportation, and sensor markets. The Industrial Solutions segment offers terminals and connector systems and components; and heat shrink tubing, interventional medical components, relays, and wires and cables for aerospace, defense, oil and gas, industrial equipment, medical, and energy markets. The Communications Solutions segment supplies electronic components, such as terminals and connector systems and components, relays, heat shrink tubing, and antennas for the data and devices, and appliances markets. TE Connectivity Ltd. sells its products to approximately 140 countries primarily through direct sales to manufacturers, as well as through third-party distributors. The company was formerly known as Tyco Electronics Ltd. and changed its name to TE Connectivity Ltd. in March 2011. TE Connectivity Ltd. was incorporated in 2000 and is based in Schaffhausen, Switzerland.Show more
  • Revenue $17.09B +7.9%
  • EBITDA $4.05B +6.8%
  • Net Income $1.84B -42.3%
  • EPS (Diluted) 6.16 -40.4%
  • Gross Margin 34.56% +3.0%
  • EBITDA Margin 23.69% -0.9%
  • Operating Margin 18.79% +0.4%
  • Net Margin 10.78% -46.5%
  • ROE 14.61% -44.8%
  • ROIC 14.74% -1.1%
  • Debt/Equity 0.45 +29.0%
  • Interest Coverage 41.70 -1.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 18.7% free cash flow margin
  • ✓15 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Good 3Y average ROE of 19.3%
  • ✓Share count reduced 3.2% through buybacks
  • ✓Healthy 5Y average net margin of 14.6%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.4%
5Y7.02%
3Y1.63%
TTM7.85%

Profit (Net Income) CAGR

10Y3.43%
5Y-
3Y-8.8%
TTM-42.31%

EPS CAGR

10Y0.45%
5Y-
3Y-6.23%
TTM-40.08%

ROCE

10Y Avg14.99%
5Y Avg16.69%
3Y Avg16.63%
Latest16.87%

Peer Comparison

Connectors & Interconnects
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
APHAmphenol Corporation188.77B154.2280.3221.25%18.22%30.33%1.14%0.74
TELTE Connectivity Ltd.71.17B241.9239.277.85%10.78%14.47%4.5%0.45

Profit & Loss

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Sales/Revenue+12.24B13.11B13.99B13.45B12.17B14.92B16.28B16.03B15.85B17.09B
Revenue Growth %0%0.07%0.07%-0.04%-0.09%0.23%0.09%-0.02%-0.01%0.08%
Cost of Goods Sold+8.28B8.06B9.32B9.13B8.51B10.19B11.15B11.05B10.53B11.18B
COGS % of Revenue0.68%0.62%0.67%0.68%0.7%0.68%0.68%0.69%0.66%0.65%
Gross Profit+3.96B4.12B4.67B4.32B3.66B4.73B5.13B4.98B5.32B5.91B
Gross Margin %0.32%0.31%0.33%0.32%0.3%0.32%0.32%0.31%0.34%0.35%
Gross Profit Growth %-0.01%0.04%0.13%-0.07%-0.15%0.29%0.08%-0.03%0.07%0.11%
Operating Expenses+2.03B2.03B2.22B2.13B1.88B2.12B2.26B2.26B2.35B2.69B
OpEx % of Revenue0.17%0.16%0.16%0.16%0.15%0.14%0.14%0.14%0.15%0.16%
Selling, General & Admin1.46B1.49B1.61B1.56B1.34B1.51B1.65B1.67B1.73B1.87B
SG&A % of Revenue0.12%0.11%0.12%0.12%0.11%0.1%0.1%0.1%0.11%0.11%
Research & Development566M548M606M572M539M612M610M593M621M829M
R&D % of Revenue0.05%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.05%
Other Operating Expenses0000000000
Operating Income+1.93B2.09B2.45B2.19B1.78B2.61B2.87B2.72B2.96B3.21B
Operating Margin %0.16%0.16%0.18%0.16%0.15%0.18%0.18%0.17%0.19%0.19%
Operating Income Growth %-0.02%0.08%0.17%-0.1%-0.19%0.47%0.1%-0.05%0.09%0.08%
EBITDA+2.51B2.7B3.12B2.88B2.49B3.38B3.65B3.51B3.79B4.05B
EBITDA Margin %0.21%0.21%0.22%0.21%0.2%0.23%0.22%0.22%0.24%0.24%
EBITDA Growth %-0.02%0.07%0.16%-0.07%-0.14%0.36%0.08%-0.04%0.08%0.07%
D&A (Non-Cash Add-back)585M611M667M690M711M769M785M794M826M838M
EBIT1.29B1.85B2.35B2B572M2.43B2.8B2.35B2.87B3.28B
Net Interest Income+-108M-114M-92M-49M-33M-39M-51M-20M17M6M
Interest Income17M16M15M19M15M17M15M60M87M83M
Interest Expense127M130M107M68M48M56M66M80M70M77M
Other Income/Expense-764M-367M-210M-263M-1.25B-234M-133M-448M-167M-7M
Pretax Income+1.16B1.93B2.24B1.93B524M2.38B2.73B2.27B2.8B3.2B
Pretax Margin %0.09%0.15%0.16%0.14%0.04%0.16%0.17%0.14%0.18%0.19%
Income Tax+-779M180M-344M-15M783M123M306M364M-397M1.36B
Effective Tax Rate %1.7%0.87%1.15%1%-0.46%0.95%0.89%0.84%1.14%0.57%
Net Income+1.98B1.68B2.57B1.93B-241M2.26B2.43B1.91B3.19B1.84B
Net Margin %0.16%0.13%0.18%0.14%-0.02%0.15%0.15%0.12%0.2%0.11%
Net Income Growth %0.51%-0.15%0.53%-0.25%-1.12%10.38%0.07%-0.21%0.67%-0.42%
Net Income (Continuing)1.94B1.54B2.58B1.95B-259M2.25B2.43B1.9B3.19B1.84B
Discontinued Operations000-16M18M6M1M6M-1M-1M
Minority Interest0000112M114M95M104M131M145M
EPS (Diluted)+5.444.707.275.68-0.786.797.476.0310.336.16
EPS Growth %-0.08%-0.14%0.55%-0.22%-1.14%9.71%0.1%-0.19%0.71%-0.4%
EPS (Basic)5.494.747.335.71-0.786.857.526.0610.406.20
Diluted Shares Outstanding369M358M353M340M332M333M325M317M309M299M
Basic Shares Outstanding366M355M350M338M332M330M323M315M307M297M
Dividend Payout Ratio0.26%0.33%0.23%0.32%-0.29%0.28%0.38%0.24%0.44%

Balance Sheet

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Total Current Assets+4.78B5.93B6.2B5.55B5.78B7.26B7.27B7.89B7.63B7.97B
Cash & Short-Term Investments647M1.22B848M927M945M1.2B1.09B1.66B1.32B1.25B
Cash Only647M1.22B848M927M945M1.2B1.09B1.66B1.32B1.25B
Short-Term Investments0000000000
Accounts Receivable2.05B2.14B2.36B2.32B2.38B2.93B2.87B2.97B3.06B3.4B
Days Sales Outstanding61.0259.5161.6162.9771.2871.6264.2367.5470.3772.68
Inventory1.6B1.81B1.86B1.84B1.95B2.51B2.68B2.55B2.52B2.7B
Days Inventory Outstanding70.3382.0572.7573.4383.6389.9287.5984.2687.2688.09
Other Current Assets0345M472M0000712M740M609M
Total Non-Current Assets+12.83B13.48B14.19B14.14B13.46B14.2B13.51B13.82B15.22B17.11B
Property, Plant & Equipment3.05B3.4B3.5B3.57B3.65B3.78B3.57B3.75B3.9B4.31B
Fixed Asset Turnover4.01x3.86x4.00x3.76x3.33x3.95x4.56x4.27x4.06x3.96x
Goodwill5.53B5.65B5.68B5.74B5.22B5.59B5.26B5.46B5.8B7.13B
Intangible Assets1.88B1.84B1.7B1.6B1.59B1.55B1.29B1.18B1.17B2.23B
Long-Term Investments0000000015M0
Other Non-Current Assets299M685M1.16B454M813M783M903M828M833M943M
Total Assets+17.61B19.4B20.39B19.69B19.24B21.46B20.78B21.71B22.85B25.08B
Asset Turnover0.70x0.68x0.69x0.68x0.63x0.70x0.78x0.74x0.69x0.68x
Asset Growth %-0.15%0.1%0.05%-0.03%-0.02%0.12%-0.03%0.04%0.05%0.1%
Total Current Liabilities+3.07B3.85B4.41B3.54B3.69B4.66B4.63B4.46B4.75B5.12B
Accounts Payable1.09B1.39B1.55B1.36B1.28B1.91B1.59B1.56B1.73B2.02B
Days Payables Outstanding48.0362.7760.6454.2754.7268.4352.1451.6159.9165.96
Short-Term Debt331M710M963M570M694M503M914M682M871M852M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K0
Other Current Liabilities538M679M767M689M637M809M785M842M774M2.25B
Current Ratio1.56x1.54x1.41x1.57x1.57x1.56x1.57x1.77x1.61x1.56x
Quick Ratio1.04x1.07x0.98x1.05x1.04x1.02x0.99x1.20x1.08x1.03x
Cash Conversion Cycle83.3278.7973.7182.13100.1893.199.68100.1997.7394.81
Total Non-Current Liabilities+6.06B5.8B5.14B5.58B6.06B6.06B5.25B5.59B5.62B7.23B
Long-Term Debt3.74B3.63B3.04B3.4B3.45B3.59B3.29B3.53B3.33B4.84B
Capital Lease Obligations0000000000
Deferred Tax Liabilities207M236M207M156M143M181M244M185M199M198M
Other Non-Current Liabilities2.11B1.94B1.9B2.03B2.46B2.29B1.72B1.88B2.09B2.19B
Total Liabilities9.12B9.65B9.55B9.12B9.75B10.71B9.88B10.06B10.37B12.35B
Total Debt+4.07B4.34B4B3.96B4.26B4.21B4.33B4.33B4.33B5.69B
Net Debt3.42B3.13B3.15B3.04B3.32B3.01B3.24B2.67B3.01B4.44B
Debt / Equity0.48x0.45x0.37x0.38x0.45x0.39x0.40x0.37x0.35x0.45x
Debt / EBITDA1.62x1.61x1.28x1.37x1.71x1.25x1.19x1.23x1.14x1.41x
Net Debt / EBITDA1.36x1.16x1.01x1.05x1.33x0.89x0.89x0.76x0.79x1.10x
Interest Coverage15.17x16.05x22.90x32.26x37.04x46.64x43.42x33.95x42.34x41.70x
Total Equity+8.48B9.75B10.83B10.57B9.49B10.75B10.9B11.65B12.49B12.73B
Equity Growth %-0.11%0.15%0.11%-0.02%-0.1%0.13%0.01%0.07%0.07%0.02%
Book Value per Share22.9927.2430.6831.0928.6032.2833.5336.7740.4142.58
Total Shareholders' Equity8.48B9.75B10.83B10.57B9.38B10.63B10.8B11.55B12.36B12.59B
Common Stock168M157M157M154M149M148M146M142M139M3M
Retained Earnings8.68B10.18B12.11B12.26B10.35B11.71B12.83B12.95B14.53B13.93B
Treasury Stock-1.62B-421M-1.13B-1.34B-669M-1.05B-1.68B-1.38B-2.32B-1.36B
Accumulated OCI-542M-160M-306M-503M-445M-168M-495M-158M5M6M
Minority Interest0000112M114M95M104M131M145M

Cash Flow

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Cash from Operations+1.92B2.32B2.45B2.42B1.99B2.68B2.47B3.13B3.48B4.14B
Operating CF Margin %0.16%0.18%0.18%0.18%0.16%0.18%0.15%0.2%0.22%0.24%
Operating CF Growth %0%0.21%0.06%-0.01%-0.18%0.34%-0.08%0.27%0.11%0.19%
Net Income1.94B1.67B2.58B1.95B-259M2.25B2.43B1.9B3.19B1.84B
Depreciation & Amortization585M635M667M690M711M769M785M794M826M838M
Stock-Based Compensation91M99M95M75M74M94M119M123M127M149M
Deferred Taxes810M-67M-791M-218M535M-354M-147M-77M-789M938M
Other Non-Cash Items-122M28M185M62M1.08B105M224M380M262M284M
Working Capital Changes-1.38B-47M-289M-133M-146M-193M-940M8M-143M88M
Change in Receivables116M-253M-269M31M-63M-518M200M-146M-134M-341M
Change in Inventory16M-211M-247M64M-89M-556M-41M-45M-30M-160M
Change in Payables-100M308M201M-178M-80M560M-396M-1M159M290M
Cash from Investing+-1.58B-932M-1.09B-692M-865M-1.04B-878M-768M-950M-3.57B
Capital Expenditures-628M-702M-935M-749M-560M-690M-768M-732M-680M-936M
CapEx % of Revenue0.05%0.05%0.07%0.06%0.05%0.05%0.05%0.05%0.04%0.05%
Acquisitions----------
Investments----------
Other Investing50M16M-6M340M34M76M110M26M10M-4M
Cash from Financing+-3.03B-814M-1.72B-1.64B-1.1B-1.39B-1.68B-1.79B-2.87B-629M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-509M-546M-588M-608M-625M-647M-685M-725M-760M-803M
Share Repurchases----------
Other Financing60M87M64M-33M-34M-28M13M-34M-57M-57M
Net Change in Cash----------
Free Cash Flow+1.29B1.62B1.52B1.67B1.43B1.99B1.7B2.4B2.8B3.2B
FCF Margin %0.11%0.12%0.11%0.12%0.12%0.13%0.1%0.15%0.18%0.19%
FCF Growth %-0.01%0.25%-0.06%0.1%-0.14%0.39%-0.14%0.41%0.17%0.15%
FCF per Share3.514.524.294.924.315.965.237.579.0510.71
FCF Conversion (FCF/Net Income)0.97x1.38x0.95x1.25x-8.27x1.18x1.02x1.64x1.09x2.25x
Interest Paid117M128M127M75M50M58M58M75M64M0
Taxes Paid806M323M393M338M257M371M421M425M475M0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)21.91%18.43%24.94%18.04%-2.4%22.34%22.43%16.94%26.45%14.61%
Return on Invested Capital (ROIC)13.1%12.63%13.68%11.93%10.09%14.75%15.41%14.31%14.91%14.74%
Gross Margin32.32%31.42%33.39%32.14%30.08%31.7%31.51%31.05%33.56%34.56%
Net Margin16.18%12.81%18.35%14.35%-1.98%15.15%14.91%11.91%20.15%10.78%
Debt / Equity0.48x0.45x0.37x0.38x0.45x0.39x0.40x0.37x0.35x0.45x
Interest Coverage15.17x16.05x22.90x32.26x37.04x46.64x43.42x33.95x42.34x41.70x
FCF Conversion0.97x1.38x0.95x1.25x-8.27x1.18x1.02x1.64x1.09x2.25x
Revenue Growth0.04%7.15%6.67%-3.86%-9.49%22.6%9.1%-1.52%-1.18%7.85%

Revenue by Segment

2016201720182019202020212022202320242025
Transportation Solutions6.5B7.04B8.29B7.82B6.84B8.97B9.22B9.59B-9.39B
Transportation Solutions Growth-8.24%17.77%-5.66%-12.48%31.10%2.73%4.00%--
Industrial Solutions3.21B3.51B3.86B3.95B3.71B3.84B4.52B4.55B-7.87B
Industrial Solutions Growth-9.08%9.95%2.54%-6.10%3.53%17.59%0.69%--
U [S]--------4.02B-
U [S] Growth----------
C [H]--------3.91B-
C [H] Growth----------
CHINA--------3.57B-
CHINA Growth----------
Other Asia-Pacific--------1.8B-
Other Asia-Pacific Growth----------
Other Europe/Middle East/Africa--------1.76B-
Other Europe/Middle East/Africa Growth----------
Other America--------559M-
Other America Growth----------
D [E]--------236M-
D [E] Growth----------
Communications Solutions2.52B2.57B1.84B1.67B1.61B2.1B2.54B1.9B--
Communications Solutions Growth-1.87%-28.24%-9.17%-3.53%30.42%20.76%-25.45%--

Revenue by Geography

2016201720182019202020212022202320242025
CHINA--------3.57B4.61B
CHINA Growth---------29.10%
U [S]3.9B4.06B3.58B3.79B3.35B3.62B4.28B4.11B4.02B4.41B
U [S] Growth-4.15%-11.81%5.89%-11.76%7.97%18.40%-4.04%-2.12%9.65%
C [H]2.98B3.02B3.48B3.25B2.88B3.62B3.71B4.11B3.91B3.86B
C [H] Growth-1.24%15.32%-6.53%-11.47%25.64%2.57%10.84%-4.99%-1.18%
Other Asia-Pacific-----2.08B2.18B1.97B1.8B1.94B
Other Asia-Pacific Growth------5.06%-9.53%-9.02%8.13%
Other Europe/Middle East/Africa-----1.44B1.44B1.69B1.76B1.69B
Other Europe/Middle East/Africa Growth-------0.07%17.75%3.84%-3.87%
Other America298M338M388M430M358M463M523M563M559M560M
Other America Growth-13.42%14.79%10.82%-16.74%29.33%12.96%7.65%-0.71%0.18%
D [E]127M235M443M404M343M417M561M405M236M193M
D [E] Growth-85.04%88.51%-8.80%-15.10%21.57%34.53%-27.81%-41.73%-18.22%
C [N]2.17B2.41B2.74B2.44B2.46B3.3B3.59B3.18B--
C [N] Growth-11.50%13.46%-10.81%0.65%34.08%8.86%-11.34%--
Other Asia Pacific1.76B1.9B2.02B1.96B1.79B-----
Other Asia Pacific Growth-7.91%6.64%-3.21%-8.73%-----
Other Europe Middle East Africa1.01B1.15B1.33B1.17B999M-----
Other Europe Middle East Africa Growth-13.86%16.00%-12.44%-14.47%-----

Frequently Asked Questions

Valuation & Price

TE Connectivity Ltd. (TEL) has a price-to-earnings (P/E) ratio of 39.3x. This suggests investors expect higher future growth.

Growth & Financials

TE Connectivity Ltd. (TEL) reported $17.09B in revenue for fiscal year 2025. This represents a 29% increase from $13.28B in 2012.

TE Connectivity Ltd. (TEL) grew revenue by 7.9% over the past year. This is steady growth.

Yes, TE Connectivity Ltd. (TEL) is profitable, generating $1.84B in net income for fiscal year 2025 (10.8% net margin).

Dividend & Returns

Yes, TE Connectivity Ltd. (TEL) pays a dividend with a yield of 1.11%. This makes it attractive for income-focused investors.

TE Connectivity Ltd. (TEL) has a return on equity (ROE) of 14.6%. This is reasonable for most industries.

TE Connectivity Ltd. (TEL) generated $3.20B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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