NYSE: TEL
TE Connectivity
Technology · Wholesale-Electronic Parts & Equipment, NEC
52-week range
$190.27$252.56
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.$57.2B
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| Period | Market cap |
|---|---|
| FY2016, ended Sep 30, 2016 | $22.9B |
| FY2017, ended Sep 29, 2017 | $29.2B |
| FY2018, ended Sep 28, 2018 | $30.2B |
| FY2019, ended Sep 27, 2019 | $31.0B |
| FY2020, ended Sep 25, 2020 | $31.5B |
| FY2021, ended Sep 24, 2021 | $47.0B |
| FY2022, ended Sep 30, 2022 | $35.0B |
| FY2023, ended Sep 29, 2023 | $38.4B |
| FY2024, ended Sep 27, 2024 | $45.2B |
| FY2025, ended Sep 26, 2025 | $63.9B |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $57.2B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.$19.3B
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| Period | Revenue |
|---|---|
| FY2016, ended Sep 30, 2016 | $11.4B |
| FY2017, ended Sep 29, 2017 | $12.2B |
| FY2018, ended Sep 28, 2018 | $14.0B |
| FY2019, ended Sep 27, 2019 | $13.4B |
| FY2020, ended Sep 25, 2020 | $12.2B |
| FY2021, ended Sep 24, 2021 | $14.9B |
| FY2022, ended Sep 30, 2022 | $16.3B |
| FY2023, ended Sep 29, 2023 | $16.0B |
| FY2024, ended Sep 27, 2024 | $15.8B |
| FY2025, ended Sep 26, 2025 | $17.3B |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $19.3B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Sep 30, 2016 | $2.01B | $1.34B |
| FY2017, ended Sep 29, 2017 | $1.68B | $1.64B |
| FY2018, ended Sep 28, 2018 | $2.56B | $1.52B |
| FY2019, ended Sep 27, 2019 | $1.84B | $1.67B |
| FY2020, ended Sep 25, 2020 | −$241M | $1.43B |
| FY2021, ended Sep 24, 2021 | $2.26B | $1.99B |
| FY2022, ended Sep 30, 2022 | $2.43B | $1.70B |
| FY2023, ended Sep 29, 2023 | $1.91B | $2.40B |
| FY2024, ended Sep 27, 2024 | $3.19B | $2.80B |
| FY2025, ended Sep 26, 2025 | $1.84B | $3.20B |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $3.02B | $3.31B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.$1.24B
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Sep 30, 2016 | $647M |
| FY2017, ended Sep 29, 2017 | $1.22B |
| FY2018, ended Sep 28, 2018 | $848M |
| FY2019, ended Sep 27, 2019 | $927M |
| FY2020, ended Sep 25, 2020 | $945M |
| FY2021, ended Sep 24, 2021 | $1.20B |
| FY2022, ended Sep 30, 2022 | $1.09B |
| FY2023, ended Sep 29, 2023 | $1.66B |
| FY2024, ended Sep 27, 2024 | $1.32B |
| FY2025, ended Sep 26, 2025 | $1.25B |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $1.24B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.$5.63B
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| Period | Total debt |
|---|---|
| FY2016, ended Sep 30, 2016 | $4.07B |
| FY2017, ended Sep 29, 2017 | $4.34B |
| FY2018, ended Sep 28, 2018 | $4.00B |
| FY2019, ended Sep 27, 2019 | $3.96B |
| FY2020, ended Sep 25, 2020 | $4.15B |
| FY2021, ended Sep 24, 2021 | $4.09B |
| FY2022, ended Sep 30, 2022 | $4.21B |
| FY2023, ended Sep 29, 2023 | $4.21B |
| FY2024, ended Sep 27, 2024 | $4.20B |
| FY2025, ended Sep 26, 2025 | $5.69B |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $5.63B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 18.5% since 2016.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.290M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Sep 30, 2016 | 355M |
| FY2017, ended Sep 29, 2017 | 352M |
| FY2018, ended Sep 28, 2018 | 343M |
| FY2019, ended Sep 27, 2019 | 334M |
| FY2020, ended Sep 25, 2020 | 331M |
| FY2021, ended Sep 24, 2021 | 326M |
| FY2022, ended Sep 30, 2022 | 317M |
| FY2023, ended Sep 29, 2023 | 311M |
| FY2024, ended Sep 27, 2024 | 299M |
| FY2025, ended Sep 26, 2025 | 294M |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | 290M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 26, 2026. Hover or tap a column for another year.Net: $1.61B more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Sep 30, 2016 | $2.79B | $87.0M |
| FY2017, ended Sep 29, 2017 | $614M | $95.0M |
| FY2018, ended Sep 28, 2018 | $879M | $95.0M |
| FY2019, ended Sep 27, 2019 | $1.09B | $75.0M |
| FY2020, ended Sep 25, 2020 | $523M | $74.0M |
| FY2021, ended Sep 24, 2021 | $831M | $94.0M |
| FY2022, ended Sep 30, 2022 | $1.41B | $119M |
| FY2023, ended Sep 29, 2023 | $945M | $123M |
| FY2024, ended Sep 27, 2024 | $2.06B | $127M |
| FY2025, ended Sep 26, 2025 | $1.35B | $149M |
| Trailing 12 months to Jun 26, 2026 (through Q3 FY2026) | $1.78B | $174M |
Revenue (TTM)
$19.3B
+16.5% YoY
Net income (TTM)
$3.02B
+107% YoY
Cash
$1.24B
+84.4% YoY
Total debt
$5.63B
−1.1% YoY
Valuation
At current price- Market Cap
- $61.7B
- P/E
- 20.4×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 3.2×
- Price / Book
- 4.7×
- EV / EBITDA
- 13.7×
Growth
Trailing 12 months- Revenue (TTM)
- $19.3B
- Revenue Growth YoY
- 16.5%
- Revenue CAGR 3Y
- 2.0%
- Revenue CAGR 5Y
- 7.2%
- EPS Growth YoY
- 111%
- Net Income Growth YoY
- 107%
Profitability
Trailing 12 months- Gross Margin
- 36.1%
- Operating Margin
- 19.7%
- Net Margin
- 15.6%
- FCF Margin
- 17.2%
- Return on Equity
- 23.5%
Earnings
Trailing 12 months- Net Income
- $3.02B
- EPS (diluted)
- $10.21
- EBITDA
- $4.82B
- Operating Income
- $3.81B
Balance Sheet
As of Jun 26, 2026- Cash and cash equivalents
- $1.24B
- Total Debt
- $5.63B
- Net Debt
- $4.39B
- Total Assets
- $26.1B
- Total Liabilities
- $12.7B
- Shareholders' Equity
- $13.2B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $4.42B
- Capital Expenditure
- $1.10B
- Free Cash Flow
- $3.31B
Dividends and risk
Last 12 months- Dividend Yield
- 1.1%
- Dividend / Share
- $2.27
- Beta (5Y)
- 1.14
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 16.5% year over year, at $19.3B.
Note
Net margin of 15.6% over the last 12 months.
Note
Net debt of $4.39B is 0.9× EBITDA, a manageable load.
Strength
Turns 17.2% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Sep 26, 2025 · filed Nov 10, 2025
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K68Mildly positive
68Mildly positive
10-K for the fiscal year ended Sep 27, 2024
Filed Nov 12, 2024 · Read the filing on EDGAR
- Sales slipped 1.2% to $15.8 billion, mostly from currency and a business sale; underlying sales were flat.
- Operating income jumped 21% to $2.80 billion as factory productivity, price increases and lower restructuring costs lifted the operating margin to 17.6%.
- Industrial equipment sales fell about 25% underlying, but aerospace/defense grew 15% and data and devices grew 10% on AI-related demand.
- The company moved its legal home from Switzerland to Ireland, bought back $2.0 billion of shares and approved another $2.5 billion in buybacks.
Business momentum
Improving
“In fiscal 2024, gross margin increased $401 million as compared to fiscal 2023 primarily as a result of improved manufacturing productivity and the positive impact of pricing actions.”
Outlook
Positive
“In the first quarter of fiscal 2025, we expect our net sales to be approximately $3.9 billion as compared to $3.8 billion in the first quarter of fiscal 2024.”
Financial stress
Low
“Net cash provided by operating activities increased $345 million to $3,477 million in fiscal 2024 as compared to $3,132 million in fiscal 2023.”
Tone against the previous report
More positive
Red flags
- Minor
Investigation
“During the fourth quarter of fiscal 2024, we concluded our open matters with BIS, with our settlement including the payment of a penalty of approximately $6 million.”
Positives
Big rise in profit and margins
“Operating income in the Transportation Solutions segment increased $396 million in fiscal 2024 as compared to fiscal 2023.”
AI-driven growth in data and devices
“Data and devices—Our organic net sales increased 10.2% in fiscal 2024 due to growth in AI applications”
Strong aerospace and defense growth
“Aerospace, defense, and marine—Our organic net sales increased 15.4% in fiscal 2024 due to growth in all markets.”
Concerns
Sales flat to slightly down
“Net sales decreased $189 million, or 1.2%, in fiscal 2024 as compared to fiscal 2023.”
Weak auto sales in Europe and the Americas
“growth of 14.2% in the Asia–Pacific region, partially offset by declines of 4.8% in the Americas region and 4.5% in the EMEA region.”
Global minimum tax may raise tax costs from fiscal 2025
“We are currently monitoring these developments and evaluating the impact, which could be material to our cash taxes and worldwide corporate effective tax rate.”
New risks since the previous report
Risks from developing and using AI
“Risks and uncertainties related to the development and use of AI could harm our business, damage our reputation, or give rise to legal or regulatory action.”
Move to Ireland may weaken shareholder protections and add taxes
“Accordingly, holders of our securities may have more difficulty protecting their interests than would holders of securities of a corporation incorporated in a jurisdiction of the U.S.”
Dividends and buybacks limited to Irish distributable profits
“Additionally, under Irish law, we may only pay dividends and, generally, make share repurchases and redemptions from distributable profits.”
Sharp drop in industrial equipment demand
“Industrial equipment—Our organic net sales decreased 24.9% in fiscal 2024 as a result of declines across all regions and reduced demand resulting from inventory corrections in the supply chain.”
Biggest risks named
- Dependence on the auto industry (about 44% of sales)
- Currency swings, with about 60% of sales in other currencies
- China exposure and US-China trade tensions
- Global minimum tax raising tax rate from fiscal 2025
- Weak industrial demand and ongoing trade-control investigation
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | +3 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | −1.5 | |
| New risks | −2 | |
| Score | 68 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Nov 10, 2025 | Pro | |||
| 10-K | Nov 12, 2024 | 68 | Improving | 1 minor | |
| 10-K | Nov 13, 2023 | 50 | Weakening | 2 minor | |
| 10-K | Nov 15, 2022 | 57 | Improving | 1 medium | |
| 10-K | Nov 9, 2021 | 74 | Strong improvement | 1 minor | |
| 10-K | Nov 10, 2020 | 36 | Sharp deterioration | 1 medium | |
| 10-K | Nov 12, 2019 | 47 | Weakening | 1 minor | |
| 10-K | Nov 13, 2018 | 67 | Strong improvement | 1 minor | |
| 10-K | Nov 14, 2017 | 70 | Improving | None | |
| 10-K | Nov 15, 2016 | 70 | Improving | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Jun 26, 2026), filed Jul 24, 2026. View filings on SEC EDGAR