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TE Connectivity plc, together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaΒPacific, and the Americas. The company operates through two reportable segments, Transportation Solutions and Industrial Solutions. It provides antennas, application tooling, cable assemblies, connectors, electromagnetic compatibility/electromagnetic interference solutions, energy and power, fiber optics, heat shrink tubing, identification and labeling, medical components, passive components, relays and contactors, sensors, switches, terminals and splices, wires and cables, and wire protection and management solutions. The company also offers training and other services, including 3D printing for production, back shells prototyping, electrical installation training, HarnWare software, machine tooling service and repair, medical device design services, microfluidic devices, and sensor manufacturing services as well as conducts automotive webinars. It serves 5G and wireless equipment, aerospace, appliances, automation and control, automotive, autosport, commercial and industrial vehicles, connected home, data centers and artificial intelligence, defense and military, energy solutions, e-mobility, industrial machinery, intelligent buildings, IoT connectivity, medical technologies, oil and gas/marine, personal electronics and wearable technology, rail, sensor applications, space, and other industries. The company was formerly known as Tyco Electronics Ltd. and changed its name to TE Connectivity plc in March 2011. TE Connectivity plc was founded in 1941 and is based in Ballybrit, Ireland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $17.3B | $4.1B | $1.8B | $3.2B | 14.6% | 8.9% | -42.3% |
| 2024 | $15.8B | $3.7B | $3.2B | $2.8B | 25.8% | -1.2% | 67.2% |
| 2023 | $16.0B | $3.1B | $1.9B | $2.4B | 16.5% | -1.5% | -21.3% |
| 2022 | $16.3B | $3.6B | $2.4B | $1.7B | 22.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 16,281 | 16,034 | 15,845 | 17,262 |
| Operating Revenue | - | 16,281 | 16,034 | 15,845 | 17,262 |
| Cost Of Revenue | - | 11,037 | 10,979 | 10,389 | 11,183 |
| Gross Profit | - | 5,244 | 5,055 | 5,456 | 6,079 |
| Operating Expense | - | 2,302 | 2,378 | 2,473 | 2,695 |
| Research And Development | - | 718 | 708 | 741 | 829 |
| Selling General And Administration | - | 1,584 | 1,670 | 1,732 | 1,866 |
| Total Expenses | - | 13,339 | 13,357 | 12,862 | 13,878 |
| Operating Income | - | 2,942 | 2,677 | 2,983 | 3,384 |
| Total Operating Income As Reported | - | 2,756 | 2,304 | 2,796 | 3,211 |
| EBITDA | - | 3,584 | 3,142 | 3,693 | 4,119 |
| Normalized EBITDA | - | 3,770 | 3,512 | 3,868 | 4,289 |
| EBIT | - | 2,799 | 2,348 | 2,867 | 3,281 |
| Interest Income | - | 15 | 60 | 87 | 83 |
| Interest Expense | - | 66 | 80 | 70 | 77 |
| Net Interest Income | - | -51 | -20 | 17 | 6 |
| Other Non Operating Income Expenses | - | 28 | -19 | -28 | -16 |
| Other Income Expense | - | -158 | -389 | -203 | -186 |
| Interest Income Non Operating | - | 15 | 60 | 87 | 83 |
| Interest Expense Non Operating | - | 66 | 80 | 70 | 77 |
| Net Non Operating Interest Income Expense | - | -51 | -20 | 17 | 6 |
| Pretax Income | - | 2,733 | 2,268 | 2,797 | 3,204 |
| Tax Provision | - | 306 | 364 | -397 | 1,361 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -20.83 | -59.20 | -43.75 | -42.50 |
| Net Income Continuous Operations | - | 2,427 | 1,904 | 3,194 | 1,843 |
| Net Income From Continuing And Discontinued Operation | - | 2,428 | 1,910 | 3,193 | 1,842 |
| Net Income From Continuing Operation Net Minority Interest | - | 2,427 | 1,904 | 3,194 | 1,843 |
| Net Income | - | 2,428 | 1,910 | 3,193 | 1,842 |
| Net Income Common Stockholders | - | 2,428 | 1,910 | 3,193 | 1,842 |
| Net Income Including Noncontrolling Interests | - | 2,428 | 1,910 | 3,193 | 1,842 |
| Normalized Income | - | 2,592.17 | 2,214.80 | 3,325.25 | 1,970.50 |
| Diluted NI Availto Com Stockholders | - | 2,428 | 1,910 | 3,193 | 1,842 |
| Basic Average Shares | - | 323 | 315 | 307 | 297 |
| Diluted Average Shares | - | 325 | 317 | 309 | 299 |
| Reconciled Depreciation | - | 785 | 794 | 826 | 838 |
| Reconciled Cost Of Revenue | - | 11,037 | 10,979 | 10,389 | 11,183 |
| Total Unusual Items | - | -186 | -370 | -175 | -170 |
| Total Unusual Items Excluding Goodwill | - | -186 | -370 | -175 | -170 |
| Net Income Discontinuous Operations | - | 1 | 6 | -1 | -1 |
| Special Income Charges | - | -186 | -370 | -175 | -170 |
| Gain On Sale Of Business | - | -4 | -77 | 10 | 1 |
| Write Off | 21 | 4 | 77 | - | - |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | - | 182 | 293 | 185 | 171 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| TE Connectivity plcthis co. | TEL | $64.4B | 34.98β discount | 5.12 | 14.6% | 16.75 |
| Ciena Corporation | CIEN | $75.8B | 614.93 | 27.79 | 4.5% | 196.65 |
| Lumentum Holdings Inc. | LITE | $73.5B | 2838.89 | 64.80 | 2.3% | 708.00 |
| Hewlett Packard Enterprise Company | HPE | $71.1B | 1247.31 | 2.88 | 0.2% | 20.41 |
| Motorola Solutions, Inc. | MSI | $68.2B |
| - |
| - |
| - |
| - |
| - |
| 31.65 |
| 28.29 |
| 89.4% |
| 21.35 |
| Teradyne, Inc. | TER | $63.7B | 114.96 | 22.78 | 19.8% | 80.80 |
| Keysight Technologies, Inc. | KEYS | $58.6B | 68.92 | 9.96 | 14.5% | 40.91 |
| Microchip Technology Incorporated | MCHP | $52.2B | 439.41 | 8.12 | 1.8% | 48.80 |
| ON Semiconductor Corporation | ON | $51.3B | 423.57 | 6.68 | 1.6% | 58.67 |
| Peer Median | - | 431.49 | 16.37 | 3.4% | 53.73 | |