TE Connectivity plc financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data TE Connectivity plc files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	12,185	13,988	13,448	12,172	14,923	16,281	16,034	15,845	17,262	19,885
Cost of revenue	8,002	9,243	9,054	8,437	10,036	11,037	10,979	10,389	11,183	12,679
Gross profit	4,183	4,745	4,394	3,735	4,887	5,244	5,055	5,456	6,079	7,206
Research and development	548	606	572	539	612	610	593	621	699	803
Selling, general and administrative	1,543	1,594	1,490	1,392	1,512	1,584	1,670	1,732	1,866	2,124
Operating income	1,876	2,331	1,978	537	2,434	2,756	2,304	2,796	3,211	3,991
Interest expense	130	107	68	48	56	66	80	70	77	124
Interest income	16	15	19	15	17	15	60	87	83	90
Other non-operating income	-42	1	2	20	-17	28	-16	-16	-13	-7
Pre-tax income	1,720	2,240	1,931	524	2,378	2,733	2,268	2,797	3,204	3,950
Income tax	180	-344	-15	783	123	306	364	-397	1,361	695
Income from continuing operations	1,540	2,584	1,946	-259	2,255	2,427	1,904
Net income	1,683	2,565	1,844	-241	2,261	2,428	1,910	3,193	1,842	3,253
EBITDA	2,487	2,998	2,668	1,248	3,203	3,541	3,098	3,622	4,049	5,024
EPS, basic	4.74	7.33	5.46	-0.73	6.85	7.52	6.06	10.40	6.20	11.14
EPS, diluted	4.70	7.27	5.42	-0.73	6.79	7.47	6.03	10.33	6.16	11.06
Shares, basic (weighted)	355	350	338	332	330	323	315	307	297	292
Shares, diluted (weighted)	358	353	340	332	333	325	317	309	299	294
Dividend per share	1.54	1.68	1.80	1.88	1.96	2.12	2.30	2.48	2.72	3.05

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	1,218	848	927	945	1,203	1,088	1,661	1,319	1,255	1,697
Receivables	2,138	2,361	2,320	2,377	2,928	2,865	2,967	3,055	3,403	3,839
Inventory	1,647	1,857	1,836	1,950	2,511	2,676	2,552	2,517	2,699	2,962
Other current assets	578	661	471	512	621	639	712	740	609	785
Total current assets	5,926	6,199	5,554	5,784	7,263	7,268	7,892	7,631	7,966	9,283
Property, plant and equipment	3,159	3,497	3,574	3,650	3,778	3,567	3,754	3,903	4,312	4,637
Lease right-of-use assets				453	444	424	390	433	479	547
Goodwill	5,651	5,684	5,740	5,224	5,590	5,258	5,463	5,801	7,126	7,420
Intangible assets	1,841	1,704	1,596	1,593	1,549	1,288	1,175	1,174	2,227	2,031
Other non-current assets	428	1,158	454	813	783	903	828	848	943	1,173
Total assets	19,403	20,386	19,694	19,242	21,462	20,782	21,712	22,854	25,081	26,672
Accounts payable	1,387	1,548	1,357	1,276	1,911	1,593	1,563	1,728	2,021	2,455
Accrued liabilities	577	565	455	460	690	535	577	657	787	848
Deferred revenue	27	27	36	47	51	63	74	58	115	118
Short-term debt	710	963	570	694	503	914	682	871	852	502
Total current liabilities	3,847	4,410	3,540	3,690	4,656	4,632	4,463	4,746	5,120	5,364
Long-term debt	3,634	3,037	3,395	3,452	3,589	3,292	3,529	3,332	4,842	5,137
Lease liabilities				347	334	308	280	313	365	428
Other non-current liabilities	441	487	427	874	847	718	787	870	1,010	1,231
Total liabilities	9,652	9,555	9,124	9,747	10,714	9,885	10,057	10,368	12,351	12,949
Total debt	4,344	4,000	3,395	3,452	3,589	3,292	3,529	3,332	4,842	5,137
Paid-in capital	0
Retained earnings	10,175	12,114	12,256	10,348	11,709	12,832	12,947	14,533	13,932	15,244
Treasury stock	-421	-1,134	-1,337	-669	-1,055	-1,681	-1,380	-2,322	-1,356	-1,892
Other comprehensive income	-160	-306	-503	-445	-168	-495	-158	5	6	218
Shareholders' equity			10,570				11,551
Total equity	9,751	10,831	10,570	9,383	10,634	10,802	11,551	12,355	12,585	13,573
Total liabilities and equity	19,403	20,386	19,694	19,242	21,462	20,782	21,712	22,854	25,081	26,672

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	1,683	2,565	1,844	-241	2,261	2,428	1,910	3,193	1,842	3,253
Depreciation and amortization	611	667	690	711	769	785	794	826	838	1,033
Stock-based compensation	95	95	75	74	94	119	123	127	149	168
Deferred income tax	-142	-791	-218	535	-354	-147	-77	-789	938	321
Change in receivables	-204	-269	31	-63	-518	200	-146	-134	-341	-582
Change in inventory	-270	-247	64	-89	-556	-41	-45	-30	-160	-316
Cash from operations	2,321	2,451	2,422	1,992	2,676	2,468	3,132	3,477	4,139	4,525
Capital expenditures	-679	-935	-749	-560	-690	-768	-732	-680	-936	-1,122
Acquisitions	-250	-153	-283	-339	-423	-220	-110	-339	-2,628	-212
Cash from investing	-932	-1,094	-692	-865	-1,037	-878	-768	-950	-3,568	-1,334
Debt issued	589	119	746	593	661	588	499	348	2,231	750
Debt repaid		-708	-691	-352	-708	-558	-591	-352	-580	-852
Stock issued	117	100	85	55	167	54	43	89	182	82
Share buybacks	-614	-879	-1,091	-523	-831	-1,412	-945	-2,062	-1,347	-1,892
Dividends paid	-546	-588	-608	-625	-647	-685	-725	-760	-803	-869
Cash from financing	-814	-1,722	-1,643	-1,105	-1,386	-1,684	-1,793	-2,869	-629	-2,749
Exchange rate effect	-4	-5	-8	-4	5
Net change in cash	571	-370	79	18	258	-115	573	-342	-64	442
Free cash flow	1,642	1,516	1,673	1,432	1,986	1,700	2,400	2,797	3,203	3,403
Interest paid	128	127	75	50	58	58	75	64	34	110
Income taxes paid	323	393	338	257	371	421	425	475	276	454

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $217.68 on November 10, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	36.2%	Gross profit / revenue.
Operating margin	20.1%	Operating income / revenue.
EBITDA margin	25.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	19.9%	Pre-tax income / revenue.
Net margin	16.4%	Net income / revenue.
FCF margin	17.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	22.8%	Cash from operations / revenue.
Effective tax rate	17.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	12.6%	Net income / average total assets.
R&D / revenue	4.0%	Research and development expense / revenue.
SG&A / revenue	10.7%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.8%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	5.6%	Capital expenditures / revenue.
D&A / revenue	5.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	15.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	7.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	5.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	18.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	12.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	8.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	24.3%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	20.1%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	10.4%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	24.1%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	17.5%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	9.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	76.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	19.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	7.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	79.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	22.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	10.2%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	9.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	13.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	11.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	6.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	12.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	11.4%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	12.1%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	9.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	9.2%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	6.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	7.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-2.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.73x	Current assets / current liabilities.
Quick ratio	1.03x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.32x	(Cash + short-term investments) / current liabilities.
Debt / assets	19.3%	Total debt / total assets.
Liabilities / assets	48.5%	Total liabilities / total assets.
Net debt	$3.44B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	0.68x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	32.2x	Operating income / interest expense.
Working capital	$3.92B	Current assets - current liabilities.
Goodwill and intangibles / assets	35.4%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.77x	Revenue / average total assets.
Fixed asset turnover	4.44x	Revenue / average property, plant and equipment.
Inventory turnover	4.48x	Cost of revenue / average inventory.
Days inventory	81 days	365 x average inventory / cost of revenue.
Receivables turnover	5.49x	Revenue / average receivables.
Days sales outstanding	66 days	365 x average receivables / revenue.
Days payables	64 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	84 days	Days inventory + days sales outstanding - days payables.
FCF conversion	104.6%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	24.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$11.06	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$11.14	Net income per basic share, as reported (split-adjusted).
Revenue per share	$67.64	Revenue / diluted weighted shares.
FCF per share	$11.57	Free cash flow / diluted weighted shares.
Operating cash flow per share	$15.39	Cash from operations / diluted weighted shares.
Cash per share	$5.77	(Cash + short-term investments) / shares outstanding.
Dividend per share	$3.05	Dividend declared per common share (paid, when declared is not tagged).
Payout ratio	26.7%	Dividends paid / net income, when net income is positive.
Dividends / FCF	25.5%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	55.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$63.02B	Share price x shares outstanding.
Enterprise value	$66.46B	Market cap + total debt - cash - short-term investments.
P/E	19.4x	Market cap / net income. Only when net income is positive.
P/S	3.17x	Market cap / revenue.
P/FCF	18.5x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	13.9x	Market cap / cash from operations, when positive.
EV/Sales	3.34x	Enterprise value / revenue.
EV/EBIT	16.7x	Enterprise value / operating income, when both are positive.
EV/EBITDA	13.2x	Enterprise value / EBITDA, when both are positive.
EV/FCF	19.5x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.4%	Free cash flow / market cap.
Earnings yield	5.2%	Net income / market cap (the inverse of P/E).
Dividend yield	1.4%	Dividends paid over the period / market cap.
Shareholder yield	4.4%	(Dividends paid + share buybacks) / market cap.
PEG	0.86x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was TE Connectivity plc's revenue in fiscal 2026?

TE Connectivity plc reported revenue of $19.89B for fiscal 2026, 15.2% higher than the year before.

Was TE Connectivity plc profitable in fiscal 2026?

Yes. Net income was $3.25B, a net margin of 16.4%.

How much free cash flow did TE Connectivity plc generate in fiscal 2026?

Cash from operations of $4.53B minus capital expenditures of $1.12B left free cash flow of $3.40B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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