TE Connectivity Ltd (TEL)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,910,000 | 2,428,000 | 2,261,000 | -241,000 | 1,844,000 |
| Revenue | US$ in thousands | 15,954,000 | 16,215,000 | 14,867,000 | 12,124,000 | 13,380,000 |
| Net profit margin | 11.97% | 14.97% | 15.21% | -1.99% | 13.78% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,910,000K ÷ $15,954,000K
= 11.97%
TE Connectivity Ltd's net profit margin has fluctuated over the past five years. In 2023, the net profit margin declined to 11.97% from 14.97% in 2022. This decrease suggests that the company's profitability relative to its revenue has slightly diminished. However, it is worth noting that the net profit margin in 2023 is still above the -1.99% recorded in 2020, indicating an improvement in profitability since then. Overall, TE Connectivity Ltd should continue to monitor and manage its expenses and revenue generation strategies to ensure sustainable profitability in the future.
Peer comparison
Sep 30, 2023
Company name
Symbol
Net profit margin
TE Connectivity Ltd
TEL
11.97%
Arrow Electronics Inc
ARW
2.73%
Avnet Inc
AVT
2.10%