TE Connectivity
TEL · NYSEWholesale-Electronic Parts & Equipment, NEC · Fiscal year ends Sep 25
TE Connectivity reported revenue of $17.3B in the fiscal year ended Sep 2025, up 8.9% from the year before. Operating income was $3.2B, an operating margin of 18.6%, and net income was $1.8B. Operating cash flow of $4.1B less capital expenditure of $936M left free cash flow of $3.2B. Net debt was $4.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Revenue | $14.9B | $16.3B | $16B | $15.8B | $17.3B |
| Cost of revenue | $10B | $11B | $11B | $10.4B | $11.2B |
| Gross profit | $4.9B | $5.2B | $5.1B | $5.5B | $6.1B |
| Research & development | $612M | $610M | $593M | $621M | $699M |
| Selling, general & admin | $1.5B | $1.6B | $1.7B | $1.7B | $1.9B |
| Operating income | $2.4B | $2.8B | $2.3B | $2.8B | $3.2B |
| Interest expense | $56M | $66M | $80M | $70M | $77M |
| Pre-tax income | $2.4B | $2.7B | $2.3B | $2.8B | $3.2B |
| Income tax | $123M | $306M | $364M | −$397M | $1.4B |
| Net income | $2.3B | $2.4B | $1.9B | $3.2B | $1.8B |
| Diluted EPS | 6.79 | 7.47 | 6.03 | 10.33 | 6.16 |
| Diluted shares | 333M | 325M | 317M | 309M | 299M |
Balance sheet
| Fiscal year | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.2B | $1.1B | $1.7B | $1.3B | $1.3B |
| Receivables | $2.9B | $2.9B | $3B | $3.1B | $3.4B |
| Inventory | $2.5B | $2.7B | $2.6B | $2.5B | $2.7B |
| Current assets | $7.3B | $7.3B | $7.9B | $7.6B | $8B |
| Net PP&E | $3.8B | $3.6B | $3.8B | $3.9B | $4.3B |
| Goodwill | $5.6B | $5.3B | $5.5B | $5.8B | $7.1B |
| Total assets | $21.5B | $20.8B | $21.7B | $22.9B | $25.1B |
| Payables | $1.9B | $1.6B | $1.6B | $1.7B | $2B |
| Deferred revenue | $51M | $63M | $74M | $58M | $115M |
| Current liabilities | $4.7B | $4.6B | $4.5B | $4.7B | $5.1B |
| Short-term debt | $503M | $914M | $682M | $871M | $852M |
| Long-term debt | $3.6B | $3.3B | $3.5B | $3.3B | $4.8B |
| Total liabilities | $10.7B | $9.9B | $10.1B | $10.4B | $12.4B |
| Shareholders' equity | $10.6B | $10.8B | $11.6B | $12.4B | $12.6B |
Cash flow
| Fiscal year | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $2.7B | $2.5B | $3.1B | $3.5B | $4.1B |
| Capital expenditure | $690M | $768M | $732M | $680M | $936M |
| Free cash flow | $2B | $1.7B | $2.4B | $2.8B | $3.2B |
| Depreciation & amortisation | $769M | $785M | $794M | $826M | $838M |
| Stock-based compensation | $94M | $119M | $123M | $127M | $149M |
| Acquisitions | $423M | $220M | $110M | $339M | $2.6B |
| Share buybacks | $831M | $1.4B | $945M | $2.1B | $1.3B |
| Dividends paid | $647M | $685M | $725M | $760M | $803M |
| Dividend per share | 1.96 | 2.12 | 2.30 | 2.48 | 2.72 |
Key ratios
| Fiscal year | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 9.1% | −1.5% | −1.2% | 8.9% |
| Operating income growth (YoY) | – | 13.2% | −16.4% | 21.4% | 14.8% |
| EPS growth (YoY) | – | 10.0% | −19.3% | 71.3% | −40.4% |
| Gross margin | 32.7% | 32.2% | 31.5% | 34.4% | 35.2% |
| Operating margin | 16.3% | 16.9% | 14.4% | 17.6% | 18.6% |
| Net margin | 15.2% | 14.9% | 11.9% | 20.2% | 10.7% |
| Return on equityBlank when equity is negative | 21.3% | 22.5% | 16.5% | 25.8% | 14.6% |
| ROCEEBIT ÷ (assets − current liabilities) | 14.5% | 17.1% | 13.4% | 15.4% | 16.1% |
| Free cash flow margin | 13.3% | 10.4% | 15.0% | 17.7% | 18.6% |
| Cash conversion (CFO ÷ net income) | 1.18x | 1.02x | 1.64x | 1.09x | 2.25x |
| Receivable days | 72 | 64 | 68 | 70 | 72 |
| Inventory days | 91 | 88 | 85 | 88 | 88 |
| Payable days | 70 | 53 | 52 | 61 | 66 |
| Interest cover | 43.5x | 41.8x | 28.8x | 39.9x | 41.7x |
| Debt ÷ equity | 0.38x | 0.39x | 0.36x | 0.34x | 0.45x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $2.9B | $3.1B | $2.6B | $2.9B | $4.4B |
| Current ratio | 1.56x | 1.57x | 1.77x | 1.61x | 1.56x |
Recent filings
More in Wholesale-Electronic Parts & Equipment, Nec
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.