Sanmina vs TE Connectivity
TE Connectivity is the larger business, with $17.26bn of revenue in fiscal 2025 against $8.13bn for Sanmina (2.1 times as much). TE Connectivity grew faster (8.9% against 7.4%). TE Connectivity kept more of each dollar of sales as profit: a net margin of 10.7% against 3.0%. Sanmina carries less debt relative to equity (11.8% against 45.2%).
| Latest fiscal year | SanminaSANM, 2025 | TE ConnectivityTEL, 2025 |
|---|---|---|
| Revenue | $8.13bn | $17.26bn |
| Revenue growth | 7.4% | 8.9% |
| Net income | $246m | $1.84bn |
| Operating margin | 4.4% | 18.6% |
| Net margin | 3.0% | 10.7% |
| Return on equity | 10.0% | 14.8% |
| Free cash flow | $473m | $3.20bn |
| Cash | $926m | $1.25bn |
| Total debt | $300m | $5.69bn |
| Debt to equity | 11.8% | 45.2% |
| Dividend per share | — | $2.72 |
| Dividend yield | — | 1.3% |
| Share buybacks | — | $1.35bn |
| Employees | 39,000 | 93,000 |
| Market value | $8.78bn | $63.73bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 48 (Moderate) | 72 (Strong) |
| Insider trades, 12 months | 1 buys, 20 sales | 0 buys, 44 sales |