TE Connectivity
We are a global industrial technology leader creating a safer, sustainable, productive, and connected future.
10-K, Nov 10, 2025
Source and method
In the company’s words: first descriptive sentence of 10-K Item 1, verbatim (extractive). Item 1 · Business · 10-K · 0001104659-25-109150 · filed Nov 10, 2025
Business
How does TE Connectivity make money?
Transportation Solutions is 54.4% of revenue.
Source and method
Revenue by segments, FY2025.
annual report FY2025 · 0001104659-25-109150 · shares derived = part / total revenue
Calculated: share = part revenue ÷ total revenue ($17.3B).
- Transportation Solutions: $9.4B · 54.4%
- Industrial Solutions: $7.9B · 45.6%
What is left of every $100?
Of every $100 in revenue, $11 is net income.
Source and method
Of every $100 of revenue, FY2025.
Calculated: amount ÷ revenue × 100.
- Revenue: $17.3B
- Gross profit: $6.1B
- Operating income: $3.2B
- Net income: $1.8B
- Free cash flow: $3.2B
Where do customers sit?
38.0% of revenue is from Asia Pacific.
Source and method
Revenue by region, latest annual report.
10-K · 0001104659-25-109150 · XBRL revenue by region · one level, shares add up to 100.0% · derived
Calculated: share = region revenue ÷ total revenue.
In the company’s words ›
“As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal, and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more.”
“We became an independent, publicly traded company in 2007; however, through our predecessor companies, we trace our foundations in the connectivity business back to 1941.”
“During fiscal 2024, our board of directors and shareholders approved a change in our jurisdiction of incorporation from Switzerland to Ireland.”
Item 1 · Business · 10-K · 0001104659-25-109150 · filed Nov 10, 2025
Where did the growth actually come from?
Segments were redrawn between FY2016 and FY2025.
Source & method
- Counted
- Segment revenue as filed, first and last fiscal year of the range.
- Formulas
- Change = segment revenue (to) − segment revenue (from); share of growth = change / total revenue change (calculated). Not allocated = total revenue − sum of reported segments (calculated, never filled in).
- Guards
- Segment break: if the company redrew its segments inside the range, no share of growth is claimed. No segment break reported for this company. Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Thesis
Why do people invest?
1 reason in the company’s own words.
Revenue +9%
“Net sales increased $1,417 million, or 8.9%, in fiscal 2025 as compared to fiscal 2024.”
Item 7 · MD&A · 10-K · 0001104659-25-109150 · filed Nov 10, 2025
Number check (revenue): stated $1.4B matches the stored change ($1.4B, ±10%)
Revenue: $17.3B FY2025 · +8.9% vs FY2024 · KPIs
Source and method
Verbatim · selection. Sentences selected by rules from the 10-K and checked word for word against it; no AI summary. Not investment advice, not a recommendation, no forecast.
1 of 1 points met the selection rules (score, subject = the metric, quoted number within ±10% of the stored value).
Position (in the company’s words): no filing sentence met the rules.
KPIs
How fast is revenue growing?
Revenue grew 8.9% to $17.3B.
Revenue grew 14% YoY to $5.2B.
Source & method
- Counted
- Total revenue, as filed in 10-K / 20-F / 10-Q XBRL.
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Did the growth reach the shareholder?
Per share, revenue grew 15.2%.
Source & method
- Counted
- Revenue and weighted-average diluted shares, as filed, first and last fiscal year of the range.
- Formulas
- Revenue per diluted share = revenue / diluted shares; growth = (to / from) − 1. All three changes are calculated.
- Guards
- IPO: if the start year ended more than 365 days before the first SEC filing and diluted shares then rose ≥25%, the range is hidden by default (Options → Include IPO-distorted periods). Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How profitable is it?
18.6% operating margin, up from 17.6%.
35.2% gross margin, up from 34.4%.
Operating income grew 15% to $3.2B.
Net income fell 42% to $1.8B.
R&D grew 13% to $699M.
SG&A grew 7.7% to $1.9B.
EPS diluted fell 40% to $6.16.
19.0% operating margin, up from 18.9%.
35.6% gross margin, up from 35.3%.
Operating income grew 14% YoY to $981M.
Net income grew 17% YoY to $748M.
SG&A grew 8.4% YoY to $532M.
EPS diluted grew 19% YoY to $2.55.
Source & method
- Counted
- Income statement items, as filed.
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated. Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How much cash does it make, and where does it go?
Keeps $19 of every $100 as free cash.
Operating cash flow grew 19% to $4.1B.
Capex grew 38% to $936M.
Buybacks fell 35% to $1.3B.
Dividends grew 5.7% to $803M.
Stock-based compensation grew 17% to $149M.
Free cash flow fell 7.9% YoY to $881M.
Operating cash flow fell 0.2% YoY to $1.2B.
Capex grew 32% YoY to $304M.
Buybacks grew 76% YoY to $529M.
Dividends grew 6.6% YoY to $226M.
Stock-based compensation grew 5.6% YoY.
Source & method
- Counted
- Cash flow statement items, as filed; free cash flow = operating cash flow − capex (calculated).
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How strong is the balance sheet?
$1.3B cash vs $5.7B debt.
Total debt grew 35% to $5.7B.
Interest expense grew 10% to $77.0M.
Total assets grew 9.7% to $25.1B.
Equity: $11.6B in FY2023, the latest reported.
Cash grew 84% YoY to $1.2B.
Total debt fell 1.1% YoY to $5.6B.
Interest expense grew 11% YoY to $31.0M.
Total assets grew 4.8% YoY to $26.1B.
Equity: $12.4B in FY2024 Q2.
Source & method
- Counted
- Balance sheet items at fiscal year end, as filed; total debt is derived from reported components (excl. operating leases).
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Dependencies
Who does TE Connectivity depend on?
No customer above the disclosure threshold.
Customers, suppliers, stakes and mentions ›
Only what filings state. Anonymous customers stay anonymous.
Largest customers (TE Connectivity annual report)
No customer with a reported share of revenue (the 10-K names none above the disclosure threshold).
Suppliers named by TE Connectivity
No supplier among the covered companies is named in the filings.
TE Connectivity holds stakes in
No stake in a covered company found in SEC filings.
Others name TE Connectivity
1 competitor mention (e.g. Amphenol) in covered companies’ filings. Mentions, not confirmed relationships.
Risks
What could go wrong?
4 of 48 risk factors, one per theme.
Supply chain and manufacturing
“We encounter competition in substantially all areas of the electronic components industry, which has and could in the future negatively impact our prices, margins, and market share.”
Item 1A · Risk Factors · 10-K · 0001104659-25-109150 · filed Nov 10, 2025
Trade, government policy and geopolitics
“Global political, economic, and military instability could negatively affect sales or profitability.”
Item 1A · Risk Factors · 10-K · 0001104659-25-109150 · filed Nov 10, 2025
Security, defects and outages
“We have suffered and could continue to suffer business interruptions, including impacts resulting from pandemics, severe weather events, and natural catastrophic events, including those caused or intensified by climate change, and other macroeconomic factors.”
Item 1A · Risk Factors · 10-K · 0001104659-25-109150 · filed Nov 10, 2025
Regulation and legal proceedings
“Global legislative and regulatory actions and proposals could cause a material change in our worldwide effective corporate tax rate and our global cash taxes.”
Item 1A · Risk Factors · 10-K · 0001104659-25-109150 · filed Nov 10, 2025
Source and method
Short verbatim quotes from the risk factors in Item 1A, one per theme (a partial selection). Full list: 10-K.
Who’s invested
Who owns more than 5%?
BlackRock, Inc. holds 7.7%.
BlackRock, Inc.7.7%
13G/A · as of Mar 31, 2026 · filed Apr 24, 2026
Vanguard Capital Management LLC7.46%
13G · as of Mar 31, 2026 · filed Apr 28, 2026
Vanguard Portfolio Management LLC5.66%
13G · as of Mar 31, 2026 · filed Apr 28, 2026
Dodge & Cox5% (then)
13G/A · as of Dec 31, 2023 · filed Feb 13, 2024 · older than 18 months, current position unknown
Source and method
Holders above 5% from Schedule 13G/13D, SEC filings only. “(then)”: reported in a filing older than 18 months; the current position is not known from SEC 13G/13D data.
4 filings reporting a stake below 5% (e.g. after selling) not listed.
13F holders and insider trades ›
Largest institutional holders, 13F, quarter ending Jun 30, 2026
BlackRock, Inc.9.9%
27.1M shares · 13F filed Aug 7, 2026 · share of 13F-reported
Vanguard Capital Management LLC6.9%
19.0M shares · 13F filed Aug 13, 2026 · share of 13F-reported
Dodge & Cox6.2%
17.0M shares · 13F filed Aug 13, 2026 · share of 13F-reported
Vanguard Portfolio Management LLC6.1%
16.8M shares · 13F filed Aug 13, 2026 · share of 13F-reported
State Street Corp5.0%
13.6M shares · 13F filed Aug 7, 2026 · share of 13F-reported
1,279 13F filers report positions. 13F covers managers with over $100M in US equities; it is not a full shareholder list, and shares are not a percentage of shares outstanding. 1 large filing with inconsistent reported value per share left out.
Insiders, last 12 months (Form 4, open market)
0 purchases · 44 sales · $52.5M sold
Grants, gifts and tax withholding counted separately · window Oct 15, 2025 – Oct 15, 2026
All metrics
All metrics · 35 SEC metrics, FY2016–FY2025
Income statement 11
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue | ||||||||||
| D&A | ||||||||||
| Discontinued operations | ||||||||||
| Gross profit | ||||||||||
| Income taxes | ||||||||||
| Interest expense | ||||||||||
| Net income | ||||||||||
| Operating income | ||||||||||
| Research and development | ||||||||||
| Revenue | ||||||||||
| SG&A | ||||||||||
Balance sheet 9
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | ||||||||||
| Current liabilities | ||||||||||
| Equity | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | ||
| Equity incl. NCI | ||||||||||
| Long-term debt | ||||||||||
| Short-term debt (balance sheet line) | ||||||||||
| Total assets | ||||||||||
| Total debt calc. | ||||||||||
| Total liabilities & equity | ||||||||||
Cash flow 7
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Buybacks | ||||||||||
| Capex | ||||||||||
| Dividends | ||||||||||
| Free cash flow calc. | ||||||||||
| Interest paid | ||||||||||
| Operating cash flow | ||||||||||
| Stock-based compensation | ||||||||||
Per share & shares 4
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| EPS basic | ||||||||||
| EPS diluted | ||||||||||
| Wtd. shares basic | ||||||||||
| Wtd. shares diluted | ||||||||||
Other 4
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Other income (incl. interest) calc. | ||||||||||
| Pretax income | ||||||||||
| Short-term borrowings / commercial paper | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
| Total liabilities | ||||||||||
Method
extractive: verbatim sentences selected by rules from Item 1, 1A and 7; no AI summary; every sentence matched verbatim against the filing text. Numbers: Hollsteen SEC dataset. Every value opens its SEC source · version history of all values