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TE Connectivity key statistics and ratios

In fiscal 2025, TE Connectivity had return on equity of 14.8%, an operating margin of 18.6%, debt equal to 45.2% of equity and a current ratio of 1.56. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Sept 20092010Sept 20102011Sept 20112012Sept 20122013Sept 20132014Sept 20142015Sept 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Gross margin24.7%31.2%31.0%30.5%32.1%33.2%33.4%33.7%34.3%33.9%32.7%30.7%32.7%32.2%31.5%34.4%35.2%36.1%
Operating margin−33.9%12.4%12.2%11.4%12.2%15.1%14.3%15.9%15.4%16.7%14.7%4.4%16.3%16.9%14.4%17.6%18.6%19.7%
Net margin−31.8%9.4%9.0%8.4%11.2%14.9%19.8%17.7%13.8%18.3%13.7%−2.0%15.2%14.9%11.9%20.2%10.7%15.6%
Free-cash-flow margin9.8%11.1%8.7%10.6%12.9%12.1%10.9%11.8%13.5%10.8%12.4%11.8%13.3%10.4%15.0%17.7%18.6%17.2%
Return on equity−46.7%15.7%17.1%14.4%15.6%20.5%26.0%22.2%18.5%24.9%17.2%−2.4%22.6%22.7%17.1%26.7%14.8%23.4%
Return on assets−20.4%6.7%7.2%6.0%6.8%9.2%11.9%10.5%9.1%12.9%9.2%−1.2%11.1%11.5%9.0%14.3%7.7%11.8%
Asset turnover0.640.710.790.720.600.620.600.590.660.700.670.630.730.770.750.710.720.76
Current ratio2.131.952.051.621.612.222.211.561.541.411.571.571.561.571.771.611.561.88
Debt to equity34.5%34.2%35.7%46.6%36.0%42.8%40.5%48.0%44.7%37.1%37.5%44.2%38.5%38.9%36.5%34.0%45.2%42.5%
Interest cover (operating income ÷ interest)n/m9.4x10.5x8.6x10.0x14.2x12.9x14.2x14.4x21.8x29.1x11.2x43.5x41.8x28.8x39.9x41.7x31.3x
Effective tax rate—31.9%22.0%17.6%−6.9%8.3%21.4%—10.5%−15.4%−0.8%—5.2%11.2%16.0%−14.2%42.5%20.0%
R&D as % of revenue4.3%3.9%4.3%4.5%4.3%4.0%4.4%4.6%4.5%4.3%4.3%4.4%4.1%3.7%3.7%3.9%4.0%—
SG&A as % of revenue13.7%12.8%12.5%12.7%12.6%12.8%12.3%12.3%12.7%11.4%11.1%11.4%10.1%9.7%10.4%10.9%10.8%10.9%
Capital spending as % of revenue3.2%3.3%4.2%4.0%5.1%5.3%4.9%5.3%5.6%6.7%5.6%4.6%4.6%4.7%4.6%4.3%5.4%5.7%
Free cash flow ÷ net income—117.8%96.8%127.2%114.8%81.3%55.0%66.9%97.6%59.1%90.7%—87.8%70.0%125.7%87.6%173.9%109.9%
Dividends ÷ net income—26.2%23.8%29.9%30.1%24.9%20.7%25.3%32.4%22.9%33.0%—28.6%28.2%38.0%23.8%43.6%28.2%
Dividends and buybacks ÷ free cash flow44.6%59.8%96.3%36.6%83.8%70.5%114.7%245.2%70.6%96.8%101.6%80.2%74.4%123.4%69.6%100.9%67.1%79.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 7 checks passed · June 26, 2026
What it owns · $26.1bn
Short-term assets $8.7bnLonger-term assets $17.3bn
What it owes, and who funded it · $25.9bn
Short-term liabilities $4.7bnLonger-term liabilities $8.0bnShareholders' equity $13.2bn
  • Short-term assets cover short-term liabilities $8.7bn of assets due within a year against $4.7bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $8.7bn short-term assets against $8.0bn of longer-dated liabilities.
  • More cash than debt $1.2bn of cash against $5.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 43% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 32% to 43% over five years.
  • A year's operating cash flow covers at least 20% of debt $4.4bn of operating cash flow against $5.6bn of debt.
  • Operating profit covers interest at least five times over Operating income of $3.8bn against $122m of interest.

From TE Connectivity's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

72 /100

Strong moat

How hard TE Connectivity's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 14.9% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 33.4%, moving by 1.5 percentage points (standard deviation) across 10 years.

  • Durability 9 / 20

    Operating margin has been a median 15.6%; its worst year was 5.2%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 10 of 10 years, at a median 13.0% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 10.9% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (77 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CLS vs TELSANM vs TELFLEX vs TELJBL vs TEL

More: Electronic Manufacturing Services stocks compared, Technology sector, rankings of US companies

Figures from TE Connectivity's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to TE Connectivity.