Flex vs TE Connectivity
Flex reported revenue of $27.9 billion in fiscal 2026, 1.6 times TE Connectivity's $17.3 billion in fiscal 2025. Flex's revenue grew 8.1% in its latest year, and TE Connectivity's grew 8.9%. Flex had an operating margin of 4.9%, against 18.6% at TE Connectivity. Free cash flow was $1.1 billion at Flex and $3.2 billion at TE Connectivity. Their fiscal years end in different months (March 31 and September 26), so the periods don't line up exactly.
Side by side
| Flex | TE Connectivity | |
|---|---|---|
| Latest fiscal year | FY2026, Mar 31, 2026 | FY2025, Sep 26, 2025 |
| Revenue | $27.9B | $17.3B |
| Revenue growth | 8.1% | 8.9% |
| Revenue growth a year, last 5 years | 3.0% | 7.2% |
| Gross margin | 9.2% | 35.2% |
| Operating margin | 4.9% | 18.6% |
| Net margin | 3.1% | 10.7% |
| Free cash flow | $1.1B | $3.2B |
| Free cash flow margin | 3.8% | 18.6% |
| Return on capital | 16.3% | 12.1% |
| Net debt to EBITDA | 0.7x | 0.9x |
| Dividends and buybacks | $944M | $2.1B |
| Change in diluted share count | −5.0% | −3.2% |
| Last close | $76.99 | $213.86 |
| P/E at the last close | 29.7× | 20.9× |
| Insider trades, last 12 months | sold $119.4 million | sold $52.5 million |
| Piotroski F-score | 9 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
FlexTE Connectivity
Operating margin
Percent of revenue
FlexTE Connectivity
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
FlexTE Connectivity
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Flex and TE Connectivity pages.