TE Connectivity Ltd.
Explore TE Connectivity Ltd.
Core profile pages, annual revenue records, and related research hubs for this company.
CorpDigest
TE Connectivity Ltd.
Explore TE Connectivity Ltd.
Core profile pages, annual revenue records, and related research hubs for this company.
Annual Revenue
FY2025 Revenue
$17.3B
▲ 26.8% vs FY2024 ($13.6B)
Source: Annual report / company filing
TE Connectivity Ltd. reported $17.3B in revenue for fiscal year 2025. This represents a growth of 26.8% compared to the 2024 figure of $13.6B.
The most counterintuitive fact in TE Connectivity's recent financials is that gross margins remained at 31.5% in fiscal 2024 even as revenue fell $2.4 billion from its peak. Most industrial manufacturers see margin compression when volume falls. TE did not, because its certified-component pricing model gives it enough leverage with customers to hold rates even through destocking cycles. Revenue ran at $16 billion in both fiscal 2022 and 2023, then fell to $13.61 billion in fiscal 2024 as industrial customers reduced order volumes to work through accumulated inventory. The pattern is consistent with every major industrial destocking cycle — temporary, painful for revenue, and ultimately self-correcting when customer inventory reaches minimum operating levels. Net income of $1.18 billion on $13.61 billion in revenue produces a net margin of approximately 8.7%. The $42 billion market capitalization prices the company at roughly 3.1x fiscal 2025 revenue — a multiple that reflects the industrial sector classification, not the embedded switching costs and EV content growth that distinguish TE from a standard parts manufacturer. The high-speed stamping presses that produce TE's terminal pins operate at over 1,000 strokes per minute and hold tolerances measured in single-digit microns. The electroplating lines apply gold, silver, and tin over nickel underplates using proprietary chemical formulations refined over decades. Building that manufacturing capability from scratch requires capital that no competitor has committed to deploying — which is why TE's $42 billion valuation, while not obviously cheap, likely understates the replacement cost of the industrial infrastructure sitting behind the revenue line.
| Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $17.3B | — | +26.8% |
| FY2024 | $13.6B | $1.2B | -15.0% |
| FY2023 | $16.0B | — | -0.1% |
| FY2022 | $16.0B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.