Sanmina vs TE Connectivity
TE Connectivity reported revenue of $17.3 billion in fiscal 2025, 2.1 times Sanmina's $8.1 billion in fiscal 2025. Sanmina's revenue grew 7.4% in its latest year, and TE Connectivity's grew 8.9%. Sanmina had an operating margin of 4.4%, against 18.6% at TE Connectivity. Free cash flow was $473 million at Sanmina and $3.2 billion at TE Connectivity. Their fiscal years end in different months (September 27 and September 26), so the periods don't line up exactly.
Side by side
| Sanmina | TE Connectivity | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 27, 2025 | FY2025, Sep 26, 2025 |
| Revenue | $8.1B | $17.3B |
| Revenue growth | 7.4% | 8.9% |
| Revenue growth a year, last 5 years | 3.2% | 7.2% |
| Gross margin | 8.8% | 35.2% |
| Operating margin | 4.4% | 18.6% |
| Net margin | 3.0% | 10.7% |
| Free cash flow | $473M | $3.2B |
| Free cash flow margin | 5.8% | 18.6% |
| Return on capital | 14.2% | 12.1% |
| Net debt to EBITDA | −1.4x | 0.9x |
| Dividends and buybacks | $0M | $2.1B |
| Change in diluted share count | −3.1% | −3.2% |
| Last close | $161.34 | $213.86 |
| P/E at the last close | 28.9× | 20.9× |
| Insider trades, last 12 months | bought $99,722, sold $43.0 million | sold $52.5 million |
| Piotroski F-score | 8 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ 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
SanminaTE Connectivity
Operating margin
Percent of revenue
SanminaTE Connectivity
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
SanminaTE 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 Sanmina and TE Connectivity pages.