TE Connectivity plc（TEL）の決算・業績分析
TE Connectivity plcの2025年有価証券報告書をAI分析。売上高$17.3B(+8.9%)。営業利益$3.2B。Industrials。
目次
TE Connectivity plcの2025年度 業績サマリー
TE Connectivity plc（証券コード: TEL）の2025年度決算・業績分析。売上高は$17.3B（前年比+8.9%）。営業利益は$3.2B（前年比+14.8%）。純利益は$1.8B（前年比-42.3%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
TE Connectivity plcの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- TE Connectivity plc (TEL) achieved $16.3B in FY2024 revenue (+9.1% YoY) and $2.8B operating income (+13.2% YoY), driven by strong performance across key segments.
- Profitability metrics remain robust: gross margin of 32.2%, operating margin of 16.9%, and net margin of 14.9%, supported by disciplined cost management.
- Strong cash generation with $2.5B operating cash flow and $1.7B free cash flow, enabling $1.4B in share repurchases and $685M in dividends.
TE Connectivity plcの売上高変化の要因
- •FY2024 revenue of $16.3B reflects a 9.1% YoY increase, with historical growth of +2.8% CAGR over five years. Segment contributions are not quantified in the provided data (N/A). The Transportation segment remains the largest revenue driver, though segment-specific revenue figures are not disclosed (XBRL). The company's revenue growth is supported by demand in automotive and industrial markets, though FY2025 revenue slightly declined to $16.0B (XBRL).
TE Connectivity plcの営業利益変化の要因
- •Profitability metrics include a 32.2% gross margin, 16.9% operating margin, and 14.9% net margin (XBRL). Operating income grew 13.2% YoY to $2.8B, while net income increased 7.4% YoY to $2.4B. EBITDA of $3.5B (21.8% margin) highlights strong operating efficiency. Historical data shows operating income declined -0.2% CAGR over five years, but FY2024 marks a reversal (XBRL).
TE Connectivity plcの事業リスクと対応
Macroeconomic conditions (e.g., trade tensions, inflation, recession) could harm customer demand and cash flows (10-K).
Foreign currency fluctuations may reduce reported revenue as 60% of sales are in non-U.S. dollars (10-K).
Natural disasters, pandemics, or cyberattacks could disrupt operations and supply chains (10-K).
Pension plan investment losses may increase liabilities (10-K).
Impairment charges from declining asset values could impact financial results (10-K).
TE Connectivity plcの今後の見通し・業績予想
TE Connectivity plcの事業内容
TE Connectivity plc is a global industrial technology leader providing connectivity and sensor solutions for transportation, renewable energy, automation, and other sectors. The company generates revenue through the sale of terminals, connectors, sensors, and related products. Key segments include Transportation Solutions (60% of sales), Industrial Solutions (28%), and Communications Solutions (12%). The Transportation segment is heavily focused on automotive (75% of its sales), while Industrial Solutions serves aerospace, defense, and marine markets. Competitive landscape includes major players like Yazaki, Aptiv, and Sensata in the Transportation segment. No significant customer concentration is disclosed.
TE Connectivity plcのAI業績分析レポート（2024年度）
TE Connectivity plc (TEL) FY2024 Annual Report Analysis
Highlights
Business Overview
TE Connectivity plc is a global industrial technology leader providing connectivity and sensor solutions for transportation, renewable energy, automation, and other sectors. Key segments include Transportation Solutions (60% of sales), Industrial Solutions (28%), and Communications Solutions (12%). The Transportation segment is heavily focused on automotive (75% of its sales), while Industrial Solutions serves aerospace, defense, and marine markets. Competitive landscape includes major players like Yazaki, Aptiv, and Sensata in the Transportation segment.
Revenue Analysis
FY2024 revenue of $16.3B reflects a 9.1% YoY increase, with historical growth of +2.8% CAGR over five years. Segment contributions are not quantified in the provided data (N/A). The Transportation segment remains the largest revenue driver, though segment-specific revenue figures are not disclosed (XBRL). The company's revenue growth is supported by demand in automotive and industrial markets, though FY2025 revenue slightly declined to $16.0B (XBRL).
Profitability Analysis
Profitability metrics include a 32.2% gross margin, 16.9% operating margin, and 14.9% net margin (XBRL). Operating income grew 13.2% YoY to $2.8B, while net income increased 7.4% YoY to $2.4B. EBITDA of $3.5B (21.8% margin) highlights strong operating efficiency. Historical data shows operating income declined -0.2% CAGR over five years, but FY2024 marks a reversal (XBRL).
Balance Sheet Analysis
The company maintains a healthy equity ratio of 51.2% and a debt-to-equity ratio of 0.95x (XBRL). Current assets exceed current liabilities (current ratio of 1.77x), and net debt of $1.9B (0.5x EBITDA) reflects conservative leverage. Total assets of $20.8B (FY2024) show stable asset quality, with equity increasing to $10.6B (XBRL).
Cash Flow Analysis
Operating cash flow of $2.5B supported $1.7B free cash flow (FCF) after $768M in capital expenditures (XBRL). Cash balances of $1.7B provide liquidity, while $1.4B in share repurchases and $685M in dividends were returned to shareholders (XBRL). Investing cash flow of -$878M reflects ongoing capital investments.
Working Capital Analysis
Cash conversion cycle (CCC) of 99 days, with 66 days receivables, 84 days inventory, and 52 days payables (XBRL). Asset turnover of 0.78x indicates moderate efficiency in deploying assets to generate revenue.
Risks
Outlook
No explicit forward-looking guidance is provided in the data. Historical trends show revenue growth of +2.8% CAGR over five years, though FY2025 revenue declined slightly to $16.0B (XBRL). The company's focus on connectivity and sensor technologies for harsh environments may position it well for long-term demand in industrial and transportation sectors.
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 14.0B | 13.4B | 12.2B | 14.9B | 16.3B | 16.0B |
| Operating Income | 2.3B | 2.0B | 537M | 2.4B | 2.8B | 2.3B |
| Net Income | 2.6B | 1.8B | -241M | 2.3B | 2.4B | 1.9B |
| Total Assets | 20.4B | 19.7B | 19.2B | 21.5B | 20.8B | 21.7B |
| Total Equity | 9.8B | 10.8B | 10.6B | 9.4B | 10.6B | 10.8B |
| Operating Cash Flow | 2.5B | 2.4B | 2.0B | 2.7B | 2.5B | 3.1B |
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