Flex vs TE Connectivity
Flex is the larger business, with $27.91bn of revenue in fiscal 2026 against $17.26bn for TE Connectivity (1.6 times as much). TE Connectivity grew faster (8.9% against 8.1%). TE Connectivity kept more of each dollar of sales as profit: a net margin of 10.7% against 3.2%.
| Latest fiscal year | FlexFLEX, 2026 | TE ConnectivityTEL, 2025 |
|---|---|---|
| Revenue | $27.91bn | $17.26bn |
| Revenue growth | 8.1% | 8.9% |
| Net income | $880m | $1.84bn |
| Operating margin | — | 18.6% |
| Net margin | 3.2% | 10.7% |
| Return on equity | 17.3% | 14.8% |
| Free cash flow | $1.05bn | $3.20bn |
| Cash | $2.39bn | $1.25bn |
| Total debt | $3.77bn | $5.69bn |
| Debt to equity | — | 45.2% |
| Dividend per share | — | $2.72 |
| Dividend yield | — | 1.3% |
| Share buybacks | $944m | $1.35bn |
| Employees | — | 93,000 |
| Market value | $31.11bn | $63.73bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 44 (Weak) | 72 (Strong) |
| Insider trades, 12 months | 0 buys, 151 sales | 0 buys, 44 sales |