TEL TE Connectivity plc Ordinary Shares
$205.98
Price · Aug 19, 2026
Fundamentals as of Jul 24, 2026
52W Range
$190–$253
25% of range
Analyst Rating
BUY
25 analysts
Price Target
$247
+20% upside
P/E (TTM)
35.2
ROE
14.9%
Net Profit Margin
10.7%
About TE Connectivity plc Ordinary Shares Company overview from Wikipedia
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
Read more
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
TE Connectivity has a global workforce of 89,000 employees, including more than 8,000 engineers. The company serves customers in approximately 140 countries.
History
In 1941, Aircraft and Marine Products (AMP) was founded to make solderless electrical connections for quick and removable wire connections used for aircraft and ships. After the war time boom, the company had to adapt to the post-war economy, and in 1956, the name of the company was changed to AMP Incorporated when it re-incorporated. In 1999, Tyco International acquired AMP Incorporated.
In September 2002, the CEO (L. Dennis Kozlowski) and CFO (Mark H. Swartz) of Tyco International Ltd. were indicted on charges including fraud, racketeering, stock manipulation, and more, amounting to more than 600 million dollars of theft.
In July 2007, Tyco separated into three publicly independent companies, Covidien Ltd (formerly Tyco Healthcare), Tyco Electronics Ltd, and Tyco International Ltd (formerly Tyco Fire & Security and Tyco Engineered Products & Services (TFS/TEPS)).
In 2010, the company's Tyco Telecommunications division, which provided and installed submarine communications cables, was renamed to Tyco Electronics Subsea Communications.
On March 10, 2011, Tyco Electronics Ltd changed its name to TE Connectivity Ltd., which the company said felt more relevant to its position as a connectivity and sensor component manufacturer.
On August 28, 2015, TE Connectivity announced that it has completed the sale of its broadband-networks business to CommScope Holding Co. for about US$3 billion.
On February 12, 2025, TE Connectivity announced its intent to acquire Richards Manufacturing, a manufacturer of overhead and underground electrical and gas distribution products, for approximately US$2.3 billion.
Products and services
TE Connectivity's product portfolio is focused on connectors and sensors that are made to withstand harsh environments. The company operates three primary segments.
Communications
TE Connectivity's communications segment supplies electronic components for home appliances, including products for washers, dryers, refrigerators, air conditioners, dishwashers, cooking appliances, water heaters, and microwaves.
Transportation
TE Connectivity's transportation segment includes four business units: automotive, industrial and commercial transportation, application tooling, and sensors.
TE's products are used by the automotive industry for vehicle body and chassis systems, convenience applications, driver information, infotainment, motor and powertrain applications, and safety and security systems. Hybrid and electronic mobility include in-vehicle technologies, battery technologies, and charging. In addition, TE's products are used for on-highway vehicles, off-highway vehicles and recreational transportation, including construction, agriculture, buses, and other vehicles.
TE offers sensors for industries including automotive, industrial equipment, commercial transportation, medical, aerospace and defense, and consumer applications.
Industrial
The industrial segment supplies products for factory automation and process control systems such as industrial controls, robotics, human machine interface, industrial communication, and power distribution. TE's building products are used to connect lighting, HVAC, elevators/escalators, and security. Its rail products are used in high-speed trains, metros, light rail vehicles, locomotives, and signaling switching equipment. Also, its products are used by the solar and lighting industry.
TE's products are used by the medical industry in imaging, diagnostic, therapeutic, and surgical applications.
TE Connectivity provides components for the commercial aerospace industry from the initial stages of aircraft design to aftermarket support. TE's defense products include ruggedized electronic interconnects serving military aviation, marine, and ground vehicles including electronic warfare and space systems. The segment also provides a wide range of relays and contactors for commercial and defense aerospace markets. Its oil and gas products include cables and electronics used for subsea environments in the offshore oil and gas and civil marine industries and in shipboard, subsea, and sonar applications.
TE Connectivity has produced CPU sockets compatible with Intel processors, such as LGA 771 CPU sockets.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
TEL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$205.98
Market Cap
—
P/E (TTM)
35.2
EPS (TTM)
$6.16
Revenue (TTM)
$17.26B
Div Yield
—
ROE
14.9%
Debt/Equity
0.4
52W Range
$190 – $253
TEL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$17.26B
2016-09-30
→
2025-09-26
EPS
$6.16
2016-09-30
→
2025-09-26
Free Cash Flow
$3.20B
2016-09-30
→
2025-09-26
Margins
10.7%
2016-09-30
→
2025-09-26
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
TEL
Peer Median
P/E (TTM)
35.2
37.3
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
TEL
Peer Median
Gross Margin
35.2%
36.3%
Operating Margin
18.6%
—
Net Profit Margin
10.7%
8.4%
ROA
7.7%
5.7%
ROE
14.9%
13.9%
ROIC
10.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
TEL
Peer Median
Debt / Equity
0.4
56.7
Current Ratio
1.6
1.7
Quick Ratio
0.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
TEL
Peer Median
Revenue YoY
8.9%
—
Revenue CAGR 3Y
2.0%
—
Revenue CAGR 5Y
7.2%
—
EPS YoY
-40.4%
—
Net Income YoY
-42.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
TEL
Peer Median
Payout Ratio
43.6%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
43.6%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 22, 2026 | $0.7800 |
| Feb. 20, 2026 | $0.7100 |
| Aug. 22, 2025 | $0.7100 |
| May 21, 2025 | $0.7100 |
| Feb. 21, 2025 | $0.6500 |
| Nov. 22, 2024 | $0.6500 |
| Aug. 23, 2024 | $0.6500 |
| May 23, 2024 | $0.6500 |
| Feb. 15, 2024 | $0.5900 |
| Nov. 16, 2023 | $0.5900 |
| Aug. 17, 2023 | $0.5900 |
| May 18, 2023 | $0.5900 |
| Feb. 16, 2023 | $0.5600 |
| Nov. 17, 2022 | $0.5600 |
| Aug. 18, 2022 | $0.5600 |
| May 19, 2022 | $0.5600 |
| Feb. 17, 2022 | $0.5000 |
| Nov. 18, 2021 | $0.5000 |
| Aug. 19, 2021 | $0.5000 |
| May 20, 2021 | $0.5000 |
TEL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
25 analysts
- Strong Buy 7 28.0%
- Buy 9 36.0%
- Hold 9 36.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
19 analysts · 2026-08-16
Median
$235.00
Mean
$246.79
← Below all targets
$205.98
Low
$209.00
High
$306.00
Median target
$235.00
+14.1%
Mean target
$246.79
+19.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.11%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $2.94 | $2.87 | 0.07% |
| March 31, 2026 | $2.73 | $2.72 | 0.01% |
| Dec. 31, 2025 | $2.72 | $2.58 | 0.14% |
| Sept. 30, 2025 | $2.44 | $2.31 | 0.13% |
| June 30, 2025 | $2.27 | $2.09 | 0.18% |
| March 31, 2025 | $2.10 | $1.98 | 0.12% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.26B | $15.85B | $16.03B | $16.28B | $14.92B | $12.17B | $13.45B | $13.99B | $12.19B | $11.35B | $12.23B | $11.97B | |
| Cost of Revenue | $11.18B | $10.39B | $10.98B | $11.04B | $10.04B | $8.44B | $9.05B | $9.24B | $8.00B | $7.53B | $8.15B | $8.00B | |
| Gross Profit | $6.08B | $5.46B | $5.05B | $5.24B | $4.89B | $3.73B | $4.39B | $4.75B | $4.18B | $3.83B | $4.09B | $3.97B | |
| R&D Expense | $699M | $621M | $593M | $610M | $612M | $539M | $572M | $606M | $548M | $525M | $540M | $484M | |
| SG&A Expense | $1.87B | $1.73B | $1.67B | $1.58B | $1.51B | $1.39B | $1.49B | $1.59B | $1.54B | $1.40B | $1.50B | $1.53B | |
| Operating Income | $3.21B | $2.80B | $2.30B | $2.76B | $2.43B | $537M | $1.98B | $2.33B | $1.88B | $1.81B | $1.75B | $1.80B | |
| Interest Expense | · | · | $80M | $66M | $56M | $48M | $68M | $107M | $130M | $127M | $136M | $127M | |
| Other Non-op | $-13M | $-16M | $-16M | $28M | $-17M | $20M | $2M | $1M | $-42M | $-677M | $-55M | $63M | |
| Pretax Income | $3.20B | $2.80B | $2.27B | $2.73B | $2.38B | $524M | $1.93B | $2.24B | $1.72B | $1.02B | $1.57B | $1.76B | |
| Income Tax | $1.36B | $-397M | $364M | $306M | $123M | $783M | $-15M | $-344M | $180M | $-826M | $337M | $146M | |
| Net Income | $1.84B | $3.19B | $1.91B | $2.43B | $2.26B | $-241M | $1.84B | $2.56B | $1.68B | $2.01B | $2.42B | $1.78B | |
| EPS (Basic) | $6.20 | $10.40 | $6.06 | $7.52 | $6.85 | $-0.73 | $5.46 | $7.33 | $4.74 | $5.49 | $5.98 | $4.34 | |
| EPS (Diluted) | $6.16 | $10.33 | $6.03 | $7.47 | $6.79 | $-0.73 | $5.42 | $7.27 | $4.70 | $5.44 | $5.89 | $4.27 | |
| Shares (Basic) | 297,000,000 | 307,000,000 | 315,000,000 | 323,000,000 | 330,000,000 | 332,000,000 | 338,000,000 | 350,000,000 | 355,000,000 | 366,000,000 | 405,000,000 | 410,000,000 | |
| Shares (Diluted) | 299,000,000 | 309,000,000 | 317,000,000 | 325,000,000 | 333,000,000 | 332,000,000 | 340,000,000 | 353,000,000 | 358,000,000 | 369,000,000 | 411,000,000 | 417,000,000 | |
| EBITDA | $4.05B | $3.62B | $3.10B | $3.54B | $3.20B | $1.25B | $2.67B | $3.00B | $2.68B | $2.49B | $2.37B | $2.66B |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.25B | $1.32B | $1.66B | $1.09B | $1.20B | $945M | $927M | $848M | $1.22B | $647M | $3.33B | $2.46B | |
| Receivables | $3.40B | $3.06B | $2.97B | $2.87B | $2.93B | $2.38B | $2.32B | $2.36B | $2.14B | $2.05B | $2.12B | $2.06B | |
| Inventory | $2.70B | $2.52B | $2.55B | $2.68B | $2.51B | $1.95B | $1.84B | $1.86B | $1.65B | $1.60B | $1.61B | $1.51B | |
| Prepaid Expense | $609M | $740M | $712M | $639M | $621M | $512M | $471M | $661M | $578M | $486M | $476M | $519M | |
| Current Assets | $7.97B | $7.63B | $7.89B | $7.27B | $7.26B | $5.78B | $5.55B | $6.20B | $5.93B | $4.78B | $7.88B | $8.88B | |
| PP&E (Net) | $4.31B | $3.90B | $3.75B | $3.57B | $3.78B | $3.65B | $3.57B | $3.50B | $3.16B | $2.81B | $2.92B | $2.92B | |
| PP&E (Gross) | $12.09B | $11.28B | $10.49B | $9.77B | $10.52B | $9.95B | $9.48B | $9.40B | $8.94B | $8.89B | $8.64B | $8.77B | |
| Accum. Depreciation | $7.78B | $7.38B | $6.74B | $6.21B | $6.74B | $6.30B | $5.91B | $5.90B | $5.78B | $5.84B | $5.72B | $5.85B | |
| Goodwill | $7.13B | $5.80B | $5.46B | $5.26B | $5.59B | $5.22B | $5.74B | $5.68B | $5.65B | $5.49B | $4.82B | $3.73B | |
| Intangibles | $2.23B | $1.17B | $1.18B | $1.29B | $1.55B | $1.59B | $1.60B | $1.70B | $1.84B | $1.88B | $1.55B | $1.09B | |
| Other Non-current Assets | $943M | $848M | $828M | $903M | $783M | $813M | $454M | $1.16B | $428M | $299M | $297M | $456M | |
| Total Assets | $25.08B | $22.85B | $21.71B | $20.78B | $21.46B | $19.24B | $19.69B | $20.39B | $19.40B | $17.61B | $20.59B | $20.13B | |
| Accounts Payable | $2.02B | $1.73B | $1.56B | $1.59B | $1.91B | $1.28B | $1.36B | $1.55B | $1.39B | $1.09B | $1.14B | $1.23B | |
| Short-term Debt | · | · | · | · | $0 | · | · | · | · | · | · | · | |
| Current Liabilities | $5.12B | $4.75B | $4.46B | $4.63B | $4.66B | $3.69B | $3.54B | $4.41B | $3.85B | $3.07B | $3.58B | $3.99B | |
| Capital Leases | $365M | $313M | $280M | $308M | $334M | $347M | · | · | · | · | · | · | |
| Deferred Tax | $198M | $199M | $185M | $244M | $181M | $143M | $156M | $207M | $236M | $207M | $329M | $229M | |
| Other Non-current Liabilities | $1.01B | $870M | $787M | $718M | $847M | $874M | $427M | $487M | $441M | $362M | $433M | $312M | |
| Total Liabilities | $12.35B | $10.37B | $10.06B | $9.88B | $10.71B | $9.75B | $9.12B | $9.55B | $9.65B | $9.12B | $11.00B | $11.14B | |
| Long-term Debt | · | · | · | · | · | · | · | $4.00B | $4.34B | $4.07B | $3.88B | $3.86B | |
| Total Debt | $4.84B | $3.33B | $3.53B | $3.29B | $3.59B | $3.45B | $3.40B | $3.04B | $3.63B | $3.74B | $3.90B | $3.95B | |
| Common Stock | $3M | $139M | $142M | $146M | $148M | $149M | $154M | $157M | $157M | $168M | $182M | $184M | |
| Paid-in Capital | · | · | · | · | · | · | · | · | $0 | $1.80B | $4.36B | $5.23B | |
| Retained Earnings | $13.93B | $14.53B | $12.95B | $12.83B | $11.71B | $10.35B | $12.26B | $12.11B | $10.18B | $8.68B | $6.67B | $4.25B | |
| Treasury Stock | $1.36B | $2.32B | $1.38B | $1.68B | $1.05B | $669M | $1.34B | $1.13B | $421M | $1.62B | $1.26B | $644M | |
| AOCI | $6M | $5M | $-158M | $-495M | $-168M | $-445M | $-503M | $-306M | $-160M | $-542M | $-373M | $-17M | |
| Stockholders' Equity | $12.59B | $12.36B | $11.55B | $10.80B | $10.63B | $9.38B | $10.57B | $10.83B | $9.75B | $8.48B | $9.59B | $9.01B | |
| Liabilities + Equity | $25.08B | $22.85B | $21.71B | $20.78B | $21.46B | $19.24B | $19.69B | $20.39B | $19.40B | $17.61B | $20.59B | $20.15B |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $838M | $826M | $794M | $785M | $769M | $711M | $690M | $667M | $611M | $560M | $616M | $551M | |
| Stock-based Comp | $149M | $127M | $123M | $119M | $94M | $74M | $75M | $95M | $95M | $87M | $89M | $77M | |
| Deferred Tax | $938M | $-789M | $-77M | $-147M | $-354M | $535M | $-218M | $-791M | $-142M | $136M | $40M | $-281M | |
| Amort. of Intangibles | $190M | $166M | $187M | $192M | $193M | $182M | $180M | $180M | $169M | $149M | $153M | $84M | |
| Restructuring | $113M | $144M | $260M | $137M | $208M | $257M | $255M | $140M | $146M | $121M | $93M | $23M | |
| Other Non-cash | $372M | $120M | $382M | $-717M | $-94M | $913M | $31M | $-85M | $-21M | $-941M | $-1.25B | $-165M | |
| Operating Cash Flow | $4.14B | $3.48B | $3.13B | $2.47B | $2.68B | $1.99B | $2.42B | $2.45B | $2.32B | $1.95B | $1.93B | $2.08B | |
| CapEx | $936M | $680M | $732M | $768M | $690M | $560M | $749M | $935M | $679M | $603M | $600M | $635M | |
| Investing Cash Flow | $-3.57B | $-950M | $-768M | $-878M | $-1.04B | $-865M | $-692M | $-1.09B | $-932M | $-1.58B | $636M | $-1.07B | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | $617M | $1.32B | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | $144M | $962M | |
| Stock Repurchased | $1.35B | $2.06B | $945M | $1.41B | $831M | $523M | $1.09B | $879M | $614M | $2.79B | $1.02B | $578M | |
| Net Stock Activity | $-1.35B | $-2.06B | $-945M | $-1.41B | $-831M | $-523M | $-1.09B | $-879M | $-614M | $-2.79B | $-1.02B | $-578M | |
| Dividends Paid | $803M | $760M | $725M | $685M | $647M | $625M | $608M | $588M | $546M | $509M | $502M | $443M | |
| Financing Cash Flow | $-629M | $-2.87B | $-1.79B | $-1.68B | $-1.39B | $-1.10B | $-1.64B | $-1.72B | $-814M | $-3.06B | $-1.62B | $65M | |
| Net Change in Cash | $-64M | $-342M | $573M | $-115M | $258M | $18M | $79M | $-370M | $571M | $-2.68B | $872M | $1.05B | |
| Taxes Paid | $276M | $475M | $425M | $421M | $371M | $257M | $338M | $393M | $323M | $806M | $350M | $259M | |
| Free Cash Flow | $3.20B | $2.80B | $2.40B | $1.70B | $1.99B | $1.43B | $1.67B | $1.52B | $1.62B | $1.29B | $1.31B | $1.41B | |
| Levered FCF | · | · | $2.33B | $1.64B | $1.93B | $1.46B | $1.60B | $1.39B | $1.51B | $1.08B | $1.21B | $1.29B |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.2% | 34.4% | 31.5% | 32.2% | 32.8% | 30.7% | 32.7% | 33.9% | 33.9% | 33.0% | 33.4% | 33.7% | |
| Operating Margin | 18.6% | 17.6% | 14.4% | 16.9% | 16.3% | 4.4% | 14.7% | 16.7% | 15.6% | 15.5% | 14.3% | 14.7% | |
| Net Margin | 10.7% | 20.2% | 11.9% | 14.9% | 15.2% | -2.0% | 13.7% | 18.3% | 12.8% | 16.4% | 19.8% | 12.8% | |
| Pretax Margin | 18.6% | 17.6% | 14.1% | 16.8% | 15.9% | 4.3% | 14.4% | 16.0% | 14.7% | 9.5% | 12.9% | 14.3% | |
| EBITDA Margin | 23.5% | 22.9% | 19.3% | 21.8% | 21.5% | 10.2% | 19.8% | 21.4% | 20.4% | 20.3% | 19.3% | 19.1% | |
| ROA | 7.7% | 14.3% | 9.0% | 11.5% | 11.1% | -1.2% | 9.2% | 12.9% | 9.1% | 10.5% | 11.9% | 9.2% | |
| ROE | 14.9% | 25.6% | 16.7% | 22.9% | 21.9% | -2.6% | 17.9% | 25.2% | 17.8% | 24.0% | 25.9% | 20.5% | |
| ROIC | 10.6% | 20.3% | 12.8% | 17.4% | 16.2% | -2.1% | 14.3% | 19.4% | 13.3% | 26.0% | 10.2% | 14.1% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.6 | 1.6 | 1.8 | 1.6 | 1.6 | 1.6 | 1.6 | 1.4 | 1.5 | 1.6 | 2.2 | 1.9 | |
| Quick Ratio | 0.9 | 0.9 | 1.0 | 0.9 | 0.9 | 0.9 | 0.9 | 0.7 | 0.9 | 0.9 | 1.5 | 1.2 | |
| Debt / Equity | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | |
| LT Debt / Equity | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | |
| Interest Coverage | · | · | 28.8 | 41.8 | 43.5 | 11.2 | 29.1 | 21.8 | 15.7 | 15.0 | 12.9 | 15.6 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.8 | 0.8 | 0.7 | 0.6 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 0.7 | |
| Inventory Turnover | 4.3 | 4.1 | 4.2 | 4.3 | 4.5 | 4.5 | 4.9 | 5.3 | 5.1 | 5.1 | 5.2 | 5.3 | |
| Receivables Turnover | 5.3 | 5.3 | 5.5 | 5.6 | 5.6 | 5.2 | 5.7 | 6.2 | 6.0 | 5.9 | 5.9 | 5.8 |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.9% | -1.2% | -1.5% | 9.1% | 22.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 2.0% | 2.0% | 9.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 7.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -40.4% | 71.3% | -19.3% | 10.0% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -6.2% | 15.0% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -42.3% | 67.2% | -21.3% | 7.4% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -8.8% | 12.2% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 5.1% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $17.26B | $15.85B | $16.03B | $16.28B | $14.92B | $12.17B | $13.45B | $13.99B | $12.19B | $11.35B | $12.23B | $11.97B | |
| Net Income TTM | $1.84B | $3.19B | $1.91B | $2.43B | $2.26B | $-241M | $1.84B | $2.56B | $1.68B | $2.01B | $2.42B | $1.78B | |
| P/E | 35.2 | 14.6 | 20.5 | 14.8 | 21.2 | -130.6 | 17.1 | 12.1 | 17.7 | 11.8 | 9.9 | 13.8 | |
| Earnings Yield | 2.8% | 6.8% | 4.9% | 6.8% | 4.7% | -0.77% | 5.9% | 8.3% | 5.7% | 8.5% | 10.1% | 7.3% | |
| Payout Ratio | 43.6% | 23.8% | 38.0% | 28.2% | 28.6% | -259.3% | 33.0% | 22.9% | 32.4% | 25.3% | 20.7% | 24.9% | |
| Annual Payout | $803M | $760M | $725M | $685M | $647M | $625M | $608M | $588M | $546M | $509M | $502M | $443M |
Income Statement 15
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.16B | $4.74B | $4.67B | $4.75B | $4.53B | $4.14B | $3.84B | $4.07B | $3.98B | $3.97B | $3.83B | $4.04B | $4.00B | $4.16B | $3.84B | $4.36B | |
| Cost of Revenue | $3.33B | $3.00B | $2.93B | $3.09B | $2.93B | $2.68B | $2.48B | $2.69B | $2.59B | $2.60B | $2.51B | $2.75B | $2.70B | $2.88B | $2.65B | $3.01B | |
| Gross Profit | $1.83B | $1.75B | $1.74B | $1.66B | $1.60B | $1.46B | $1.36B | $1.38B | $1.39B | $1.36B | $1.32B | $1.28B | $1.30B | $1.28B | $1.19B | $1.35B | |
| SG&A Expense | $532M | $536M | $538M | $494M | $491M | $454M | $427M | $433M | $431M | $444M | $424M | $412M | $431M | $435M | $392M | $412M | |
| Operating Income | $981M | $954M | $963M | $916M | $857M | $748M | $690M | $651M | $755M | $692M | $698M | $635M | $630M | $537M | $502M | $660M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $19M | $18M | · | $20M | $20M | $21M | · | |
| Other Non-op | $0 | $-1M | $3M | $-11M | $0 | $-1M | $-1M | $-5M | $-3M | $-5M | $-3M | $-3M | $-4M | $-4M | $-5M | $4M | |
| Pretax Income | $971M | $942M | $961M | $897M | $846M | $755M | $706M | $657M | $754M | $687M | $699M | $634M | $624M | $525M | $485M | $652M | |
| Income Tax | $223M | $87M | $210M | $233M | $208M | $742M | $178M | $381M | $181M | $146M | $-1.10B | $81M | $96M | $100M | $87M | $-56M | |
| Net Income | $748M | $855M | $750M | $663M | $638M | $13M | $528M | $276M | $573M | $541M | $1.80B | $552M | $528M | $433M | $397M | $708M | |
| EPS (Basic) | $2.57 | $2.92 | $2.55 | $2.23 | $2.16 | $0.04 | $1.77 | $0.97 | $1.87 | $1.76 | $5.80 | $1.76 | $1.68 | $1.37 | $1.25 | $2.23 | |
| EPS (Diluted) | $2.55 | $2.90 | $2.53 | $2.23 | $2.14 | $0.04 | $1.75 | $0.96 | $1.86 | $1.75 | $5.76 | $1.76 | $1.67 | $1.36 | $1.24 | $2.21 | |
| Shares (Basic) | 291,000,000 | 293,000,000 | 294,000,000 | -596,000,000 | 296,000,000 | 298,000,000 | 299,000,000 | -618,000,000 | 306,000,000 | 308,000,000 | 311,000,000 | -633,000,000 | 315,000,000 | 316,000,000 | 317,000,000 | -651,000,000 | |
| Shares (Diluted) | 293,000,000 | 295,000,000 | 297,000,000 | -600,000,000 | 298,000,000 | 300,000,000 | 301,000,000 | -622,000,000 | 308,000,000 | 310,000,000 | 313,000,000 | -637,000,000 | 317,000,000 | 318,000,000 | 319,000,000 | -656,000,000 | |
| EBITDA | $981M | $954M | $1.22B | · | $857M | $748M | $876M | · | $755M | $692M | $892M | · | $630M | $537M | $689M | · |
Balance Sheet 25
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.24B | $1.11B | $1.25B | $1.25B | $672M | $2.55B | $1.25B | $1.32B | $1.47B | $1.18B | $1.17B | · | $1.13B | $905M | $793M | · | |
| Receivables | $3.75B | $3.45B | $3.47B | $3.40B | $3.43B | $3.19B | $2.91B | $3.06B | $2.89B | $2.87B | $2.83B | · | $3.00B | $3.05B | $2.91B | · | |
| Inventory | $3.03B | $3.00B | $2.95B | $2.70B | $2.83B | $2.60B | $2.62B | $2.52B | $2.67B | $2.74B | $2.78B | · | $2.80B | $2.81B | $2.93B | · | |
| Prepaid Expense | $728M | $682M | $697M | $609M | $670M | $724M | $734M | $740M | $686M | $710M | $660M | · | $719M | $675M | $688M | · | |
| Current Assets | $8.74B | $8.24B | $8.37B | $7.97B | $7.61B | $9.07B | $7.52B | $7.63B | $7.71B | $7.50B | $7.44B | · | $7.65B | $7.44B | $7.32B | · | |
| PP&E (Net) | $4.53B | $4.47B | $4.39B | $4.31B | $4.21B | $3.92B | $3.76B | $3.90B | $3.76B | $3.80B | $3.85B | $3.75B | $3.78B | $3.82B | $3.78B | $3.57B | |
| PP&E (Gross) | · | · | · | $12.09B | · | · | · | $11.28B | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | · | $7.78B | · | · | · | $7.38B | · | · | · | · | · | · | · | · | |
| Goodwill | $7.40B | $7.44B | $7.16B | $7.13B | $7.25B | $5.90B | $5.83B | $5.80B | $5.66B | $5.68B | $5.84B | $5.46B | $5.53B | $5.53B | $5.51B | $5.26B | |
| Intangibles | $2.08B | $2.15B | $2.18B | $2.23B | $2.29B | $1.16B | $1.18B | $1.17B | $1.18B | $1.22B | $1.28B | · | $1.24B | $1.29B | $1.36B | · | |
| Other Non-current Assets | $1.08B | $1.05B | $1.02B | $943M | $887M | $855M | $881M | $848M | $818M | $810M | $810M | · | $821M | $786M | $795M | · | |
| Total Assets | $26.07B | $25.68B | $25.55B | $25.08B | $24.87B | $23.66B | $22.44B | $22.85B | $22.90B | $22.82B | $23.07B | $21.71B | $21.70B | $21.49B | $21.35B | $20.78B | |
| Accounts Payable | $2.41B | $2.22B | $2.15B | $2.02B | $2.02B | $1.84B | $1.86B | $1.73B | $1.66B | $1.60B | $1.69B | · | $1.62B | $1.68B | $1.75B | · | |
| Current Liabilities | $4.66B | $4.37B | $5.07B | $5.12B | $4.99B | $6.00B | $4.47B | $4.75B | $5.12B | $5.16B | $4.01B | · | $4.26B | $4.39B | $4.42B | · | |
| Capital Leases | · | · | · | $365M | · | · | · | $313M | · | · | · | · | · | · | · | · | |
| Deferred Tax | $176M | $198M | $198M | $198M | $223M | $211M | $203M | $199M | $186M | $186M | $188M | · | $211M | $216M | $228M | · | |
| Other Non-current Liabilities | $1.25B | $1.12B | $1.09B | $1.01B | $1.04B | $784M | $773M | $870M | $781M | $846M | $914M | · | $791M | $782M | $792M | · | |
| Total Liabilities | $12.68B | $12.30B | $12.42B | $12.35B | $12.34B | $11.44B | $9.91B | $10.37B | $10.14B | $10.26B | $9.82B | · | $10.24B | $10.36B | $9.88B | · | |
| Total Debt | $5.53B | $5.55B | $4.86B | · | $4.85B | $3.26B | $3.29B | · | $2.95B | $2.96B | $3.58B | · | $3.92B | $3.92B | $3.40B | · | |
| Common Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $139M | $139M | $139M | $142M | · | $142M | $142M | $146M | · | |
| Retained Earnings | $14.50B | $13.90B | $14.54B | $13.93B | $13.34B | $12.81B | $12.93B | $14.53B | $14.25B | $13.69B | $14.68B | · | $12.37B | $11.82B | $13.20B | · | |
| Treasury Stock | $1.35B | $818M | $1.76B | $1.36B | $916M | $615M | $310M | $2.32B | $1.65B | $1.29B | $1.70B | · | $1.08B | $933M | $1.85B | · | |
| AOCI | $93M | $149M | $203M | $6M | $-43M | $-114M | $-217M | $5M | $-113M | $-84M | $11M | · | $-80M | $-13M | $-128M | · | |
| Stockholders' Equity | $13.25B | $13.23B | $12.99B | $12.59B | $12.38B | $12.09B | $12.41B | $12.36B | $12.63B | $12.45B | $13.14B | $11.55B | $11.35B | $11.02B | $11.36B | $10.80B | |
| Liabilities + Equity | $26.07B | $25.68B | $25.55B | $25.08B | $24.87B | $23.66B | $22.44B | $22.85B | $22.90B | $22.82B | $23.07B | · | $21.70B | $21.49B | $21.35B | · |
Cash Flow 16
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $256M | $243M | $259M | $244M | $216M | $192M | $186M | $232M | $208M | $192M | $194M | $200M | $200M | $207M | $187M | $188M | |
| Stock-based Comp | $38M | $42M | $50M | $44M | $36M | $34M | $35M | $27M | $31M | $35M | $34M | $28M | $32M | $31M | $32M | $31M | |
| Deferred Tax | $102M | $82M | $77M | $166M | $71M | $603M | $98M | $401M | $22M | $5M | $-1.22B | $44M | $-51M | $-35M | $-35M | $-129M | |
| Amort. of Intangibles | $56M | $57M | $57M | $58M | $52M | $41M | $39M | $40M | $41M | $43M | $42M | $46M | $46M | $49M | $46M | $47M | |
| Restructuring | $83M | $3M | $10M | $16M | $10M | $44M | $43M | $87M | $16M | $32M | $9M | $52M | $42M | $62M | $104M | $68M | |
| Other Non-cash | · | · | $-271M | · | · | · | $31M | · | · | · | $-95M | · | · | · | $0 | · | |
| Operating Cash Flow | $1.19B | $947M | $865M | $1.42B | $1.19B | $653M | $878M | $1.04B | $1.01B | $710M | $719M | $1.14B | $779M | $634M | $581M | $944M | |
| CapEx | $304M | $270M | $258M | $271M | $230M | $230M | $205M | $213M | $149M | $167M | $151M | $194M | $166M | $189M | $183M | $212M | |
| Investing Cash Flow | $-308M | $-470M | $-254M | $-270M | $-2.54B | $-224M | $-537M | $-206M | $-117M | $-159M | $-468M | $-195M | $-169M | $-139M | $-265M | $-310M | |
| Stock Repurchased | $529M | $414M | $405M | $437M | $301M | $306M | $303M | $761M | $416M | $409M | $476M | $271M | $208M | $179M | $287M | $326M | |
| Net Stock Activity | · | · | $-405M | · | · | · | $-303M | · | · | · | $-476M | · | · | · | $-287M | · | |
| Dividends Paid | $226M | $208M | $209M | $209M | $212M | $193M | $189M | $196M | $199M | $182M | $183M | $184M | $186M | $177M | $178M | $179M | |
| Financing Cash Flow | $-749M | $-615M | $-616M | $-566M | $-537M | $869M | $-395M | $-994M | $-591M | $-539M | $-745M | $-407M | $-380M | $-385M | $-621M | $-354M | |
| Net Change in Cash | $129M | $-141M | $-4M | $583M | $-1.88B | $1.30B | $-65M | $-150M | $293M | $6M | $-491M | $530M | $226M | $112M | $-295M | $268M | |
| Free Cash Flow | · | · | $607M | · | · | · | $673M | · | · | · | $568M | · | · | · | $398M | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | $522M | · | · | · | $381M | · |
Profitability 8
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.6% | 36.8% | 37.2% | · | 35.3% | 35.2% | 35.4% | · | 34.8% | 34.4% | 34.6% | · | 32.5% | 30.9% | 30.9% | · | |
| Operating Margin | 19.0% | 20.1% | 20.6% | · | 18.9% | 18.1% | 18.0% | · | 19.0% | 17.4% | 18.2% | · | 15.8% | 12.9% | 13.1% | · | |
| Net Margin | 14.5% | 18.0% | 16.1% | · | 14.1% | 0.31% | 13.8% | · | 14.4% | 13.6% | 47.1% | · | 13.2% | 10.4% | 10.3% | · | |
| Pretax Margin | 18.8% | 19.9% | 20.6% | · | 18.7% | 18.2% | 18.4% | · | 18.9% | 17.3% | 18.2% | · | 15.6% | 12.6% | 12.6% | · | |
| EBITDA Margin | 19.0% | 20.1% | 26.2% | · | 18.9% | 18.1% | 22.8% | · | 19.0% | 17.4% | 23.3% | · | 15.8% | 12.9% | 17.9% | · | |
| ROA | 2.9% | 3.5% | 3.1% | · | 2.7% | 0.06% | 2.3% | · | 2.6% | 2.4% | 8.1% | · | 2.5% | 2.0% | 1.9% | · | |
| ROE | 5.8% | 6.8% | 5.9% | · | 5.1% | 0.11% | 4.1% | · | 4.8% | 4.6% | 14.7% | · | 4.9% | 4.0% | 3.5% | · | |
| ROIC | 4.0% | 4.6% | 4.2% | · | 3.8% | 0.08% | 3.3% | · | 3.7% | 3.5% | 10.8% | · | 3.5% | 2.9% | 2.8% | · |
Liquidity & Solvency 5
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.9 | 1.9 | 1.7 | · | 1.5 | 1.5 | 1.7 | · | 1.5 | 1.5 | 1.9 | · | 1.8 | 1.7 | 1.7 | · | |
| Quick Ratio | 1.1 | 1.0 | 0.9 | · | 0.8 | 1.0 | 0.9 | · | 0.9 | 0.8 | 1.0 | · | 1.0 | 0.9 | 0.8 | · | |
| Debt / Equity | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.3 | 0.3 | · | 0.2 | 0.2 | 0.3 | · | 0.3 | 0.4 | 0.3 | · | |
| LT Debt / Equity | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.3 | 0.3 | · | 0.2 | 0.2 | 0.3 | · | 0.3 | 0.4 | 0.3 | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 36.4 | 38.8 | · | 31.5 | 26.9 | 23.9 | · |
Efficiency 3
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | |
| Inventory Turnover | 1.1 | 1.1 | 1.1 | · | 1.1 | 1.0 | 0.9 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 1.0 | 0.9 | · | |
| Receivables Turnover | 1.4 | 1.4 | 1.5 | · | 1.4 | 1.4 | 1.3 | · | 1.4 | 1.3 | 1.3 | · | 1.3 | 1.4 | 1.3 | · |
Valuation (TTM) 5
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $19.11B | $18.09B | $17.18B | · | $16.49B | $15.93B | $15.61B | · | $15.78B | $15.96B | $15.83B | · | $16.10B | $16.11B | $15.76B | · | |
| Net Income TTM | $2.99B | $2.26B | $1.93B | · | $1.75B | $1.66B | $3.44B | · | $3.44B | $3.31B | $3.16B | · | $1.95B | $1.98B | $2.12B | · | |
| P/E | 19.5 | 26.6 | 36.0 | · | 28.8 | 26.3 | 13.0 | · | 13.6 | 13.8 | 14.0 | · | 23.0 | 21.4 | 17.7 | · | |
| Earnings Yield | 5.1% | 3.8% | 2.8% | · | 3.5% | 3.8% | 7.7% | · | 7.3% | 7.3% | 7.1% | · | 4.3% | 4.7% | 5.7% | · | |
| Payout Ratio | · | · | 27.9% | · | · | · | 35.8% | · | · | · | 10.2% | · | · | · | 44.8% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-09-26 | 2024-09-27 | 2023-09-29 | 2022-09-30 | 2021-09-24 | |
|---|---|---|---|---|---|
| Revenue | $17.26B | $15.85B | $16.03B | $16.28B | $14.92B |
| Gross Margin % | 35.2% | 34.4% | 31.5% | 32.2% | 32.8% |
| Operating Margin % | 18.6% | 17.6% | 14.4% | 16.9% | 16.3% |
| Net Income | $1.84B | $3.19B | $1.91B | $2.43B | $2.26B |
| Diluted EPS | $6.16 | $10.33 | $6.03 | $7.47 | $6.79 |
Balance Sheet
| 2025-09-26 | 2024-09-27 | 2023-09-29 | 2022-09-30 | 2021-09-24 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 |
| Current Ratio | 1.6 | 1.6 | 1.8 | 1.6 | 1.6 |
| Quick Ratio | 0.9 | 0.9 | 1.0 | 0.9 | 0.9 |
Cash Flow
| 2025-09-26 | 2024-09-27 | 2023-09-29 | 2022-09-30 | 2021-09-24 | |
|---|---|---|---|---|---|
| Free Cash Flow | $3.20B | $2.80B | $2.40B | $1.70B | $1.99B |
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Institutional owners (13F) 1,387 filers · $35.3B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 146 (-27 vs prior Q) | 110 (-6 vs prior Q) | 458 (+26 vs prior Q) | 427 (-41 vs prior Q) | +57.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $3,839,204,392 | 19,042,728 | 10.88% | Shares |
| Dodge & Cox | $3,421,097,106 | 16,968,886 | 9.69% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,391,250,964 | 16,820,847 | 9.61% | Shares |
| STATE STREET CORP | $2,750,078,739 | 13,639,381 | 7.79% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $1,454,933,283 | 7,216,573 | 4.12% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,156,750,382 | 5,756,114 | 3.28% | Shares |
| AMERIPRISE FINANCIAL INC | $988,926,537 | 4,904,968 | 2.80% | Shares |
| Clearbridge Investments, LLC | $738,677,470 | 3,663,899 | 2.09% | Shares |
| NORGES BANK | $686,648,177 | 3,405,824 | 1.95% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $561,130,858 | 2,783,250 | 1.59% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $542,163,564 | 2,689,170 | 1.54% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $487,153,066 | 2,416,314 | 1.38% | Shares |
| Capital International Investors | $458,193,216 | 2,274,426 | 1.30% | Shares |
| TWO SIGMA INVESTMENTS, LP | $408,903,991 | 2,028,193 | 1.16% | Shares |
| D. E. Shaw & Co., Inc. | $397,183,192 | 1,970,057 | 1.13% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $323,800,378 | 1,606,073 | 0.92% | Shares |
| GOLDMAN SACHS GROUP INC | $314,772,887 | 1,561,296 | 0.89% | Shares |
| First Pacific Advisors, LP | $312,718,279 | 1,551,105 | 0.89% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $303,332,340 | 1,504,559 | 0.86% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $282,279,179 | 1,401,724 | 0.80% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $258,634,784 | 1,282,847 | 0.73% | Shares |
| Robeco Institutional Asset Management B.V. | $249,279,675 | 1,236,445 | 0.71% | Shares |
| California Public Employees Retirement System | $231,627,713 | 1,148,890 | 0.66% | Shares |
| National Pension Service | $222,233,695 | 1,102,295 | 0.63% | Shares |
| LONDON CO OF VIRGINIA | $213,648,831 | 1,059,687 | 0.61% | Shares |
| BANK OF AMERICA CORP /DE/ | $211,741,306 | 1,050,252 | 0.60% | Shares |
| EdgePoint Investment Group Inc. | $210,811,884 | 1,045,642 | 0.60% | Shares |
| AMERICAN CENTURY COMPANIES INC | $207,516,306 | 1,029,293 | 0.59% | Shares |
| Bank of New York Mellon Corp | $196,057,056 | 972,457 | 0.56% | Shares |
| JANUS HENDERSON GROUP PLC | $193,113,751 | 924,144 | 0.55% | Shares |
| Alyeska Investment Group, L.P. | $171,210,841 | 849,218 | 0.48% | Shares |
| Swiss National Bank | $166,872,597 | 827,700 | 0.47% | Shares |
| Impax Asset Management Group plc | $153,770,303 | 762,712 | 0.44% | Shares |
| Balyasny Asset Management L.P. | $151,308,305 | 750,500 | 0.43% | Call option |
| Boston Partners | $147,281,964 | 730,536 | 0.42% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $144,501,951 | 716,740 | 0.41% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $139,643,554 | 692,642 | 0.40% | Shares |
| Legal & General Group Plc | $137,837,733 | 683,685 | 0.39% | Shares |
| UBS Group AG | $136,037,356 | 674,755 | 0.39% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $130,385,622 | 646,722 | 0.37% | Shares |
| BARCLAYS PLC | $129,192,898 | 640,806 | 0.37% | Shares |
| ALLIANCEBERNSTEIN L.P. | $126,785,052 | 606,569 | 0.36% | Shares |
| JANE STREET GROUP, LLC | $126,778,013 | 628,828 | 0.36% | Shares |
| Vanguard Global Advisers, LLC | $126,762,892 | 628,753 | 0.36% | Shares |
| BlackRock, Inc. | $125,158,278 | 620,794 | 0.35% | Shares |
| MILLENNIUM MANAGEMENT LLC | $122,555,493 | 607,884 | 0.35% | Shares |
| FIFTHDELTA Ltd | $117,255,570 | 581,596 | 0.33% | Shares |
| DAVENPORT & Co LLC | $116,586,136 | 581,084 | 0.33% | Shares |
| FMR LLC | $115,683,618 | 573,799 | 0.33% | Shares |
| FIRST TRUST ADVISORS LP | $113,340,301 | 562,176 | 0.32% | Shares |
| PZENA INVESTMENT MANAGEMENT LLC | $112,021,976 | 555,637 | 0.32% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $110,168,373 | 546,443 | 0.31% | Shares |
| CRAWFORD INVESTMENT COUNSEL INC | $108,554,188 | 538,437 | 0.31% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $102,850,132 | 510,144 | 0.29% | Shares |
| RAYMOND JAMES FINANCIAL INC | $99,701,472 | 494,526 | 0.28% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $99,593,121 | 493,989 | 0.28% | Shares |
| MACKENZIE FINANCIAL CORP | $98,549,992 | 488,815 | 0.28% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $97,268,920 | 465,357 | 0.28% | Shares |
| 1832 Asset Management L.P. | $90,527,527 | 449,023 | 0.26% | Shares |
| Sound Shore Management Inc /CT/ | $90,192,250 | 447,360 | 0.26% | Shares |
| LBP AM SA | $87,583,820 | 434,422 | 0.25% | Shares |
| Bridgewater Associates, LP | $86,030,616 | 426,718 | 0.24% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $82,092,769 | 407,186 | 0.23% | Shares |
| Bank Julius Baer & Co. Ltd, Zurich | $77,489,079 | 386,431 | 0.22% | Shares |
| Ninety One UK Ltd | $76,645,652 | 380,168 | 0.22% | Shares |
| TD Asset Management Inc | $73,753,172 | 365,821 | 0.21% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $73,331,404 | 363,729 | 0.21% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $72,966,696 | 362,007 | 0.21% | Shares |
| Woodline Partners LP | $72,675,970 | 360,478 | 0.21% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $71,974,770 | 357,000 | 0.20% | Shares |
| COMMERCE BANK | $70,725,594 | 350,804 | 0.20% | Shares |
| Clark Capital Management Group, Inc. | $70,415,180 | 349,264 | 0.20% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $69,282,672 | 343,647 | 0.20% | Shares |
| RHUMBLINE ADVISERS | $66,067,108 | 327,698 | 0.19% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $65,947,437 | 327,104 | 0.19% | Shares |
| Pictet Asset Management Holding SA | $63,918,216 | 317,062 | 0.18% | Shares |
| MARSHALL WACE, LLP | $61,047,508 | 302,800 | 0.17% | Shares |
| Walleye Trading LLC | $60,966,864 | 302,400 | 0.17% | Call option |
| PFA Pension, Forsikringsaktieselskab | $60,748,466 | 301,317 | 0.17% | Shares |
| LPL Financial LLC | $60,572,854 | 300,445 | 0.17% | Shares |
| GUYASUTA INVESTMENT ADVISORS INC | $59,033,223 | 292,809 | 0.17% | Shares |
| TUDOR INVESTMENT CORP ET AL | $59,018,303 | 292,735 | 0.17% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $57,487,478 | 285,142 | 0.16% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $55,780,331 | 266,866 | 0.16% | Shares |
| Eurizon Capital SGR S.p.A. | $54,534,268 | 270,516 | 0.15% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $53,426,650 | 265,000 | 0.15% | Call option |
| Aberdeen Group plc | $52,841,981 | 262,100 | 0.15% | Shares |
| Vontobel Holding Ltd. | $52,783,514 | 261,810 | 0.15% | Shares |
| AVIVA PLC | $51,834,939 | 257,105 | 0.15% | Shares |
| Baird Financial Group, Inc. | $51,702,280 | 256,447 | 0.15% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $51,699,860 | 256,435 | 0.15% | Shares |
| Qube Research & Technologies Ltd | $51,488,976 | 255,389 | 0.15% | Shares |
| Quantinno Capital Management LP | $51,194,390 | 253,927 | 0.15% | Shares |
| APG Asset Management N.V. | $49,508,101 | 280,753 | 0.14% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $48,728,532 | 241,697 | 0.14% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $47,994,269 | 238,055 | 0.14% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $47,572,341 | 209,100 | 0.13% | Shares |
| Vinva Investment Management Ltd | $47,270,952 | 238,381 | 0.13% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $47,139,644 | 233,816 | 0.13% | Shares |
| LFL Advisers, LLC | $46,928,558 | 232,769 | 0.13% | Shares |
Company insiders 52 insiders · 14 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Robert W. Hau | EVP & Chief Financial Officer | Feb. 29, 2016 M | 38,583 | 0 | 0 | $0 |
| Alan C Clarke | Segment President | Dec. 14, 2012 A | 0 | 0 | 0 | $0 |
| Jeffrey Gene Rea | President, Specialty Products | Sept. 15, 2010 A | 3,130 | 0 | 0 | $0 |
| Minoru Okamoto | President, C&IS | Dec. 23, 2009 A | 20,453 | 0 | 0 | $0 |
| Reuben M. Shaffer | SVP and Corporate Controller | June 12, 2026 A | 0 | 0 | 1 | $-333,778 |
| Malavika Sagar | SVP, Chief Human Resources Off | June 12, 2026 A | 6,500 | 0 | 0 | $0 |
| Shadrak W Kroeger | Pres., Industrial Solutions | June 1, 2026 M | 25,976 | 0 | 24 | $-16,805,531 |
| SHADDOCK ROBERT N | EVP & Chief Technology Officer | Nov. 15, 2016 M | 39,776 | 0 | 0 | $0 |
| Jane A Leipold | Sr VP, Global Human Resources | Dec. 14, 2015 M | 23,579 | 0 | 0 | $0 |
| Bradley Alan Gambill | SVP, Strategy & Business Dev. | Feb. 2, 2015 S | 3,870 | 0 | 0 | $0 |
| Michael Robinson | Sr. Vice President, Operations | Dec. 14, 2012 A | 11,678 | 0 | 0 | $0 |
| Robert A Scott | Exec VP & General Counsel | Sept. 14, 2012 A | 2,378 | 0 | 0 | $0 |
| Charles P Dougherty | Pres., Comm & Indust Solutions | Jan. 13, 2012 M | 12,663 | 0 | 0 | $0 |
| DO CUONG V | SVP, Corp. Strategy & Bus. Dev | Sept. 15, 2011 A | 16,961 | 0 | 0 | $0 |
| Jurgen W K Gromer | Director | Dec. 9, 2016 A | 77,477 | 0 | 0 | $0 |
| David P Steiner | Director | Dec. 11, 2015 A | 19,091 | 0 | 0 | $0 |
| Lawrence S Smith | Director | March 13, 2015 A | 24,226 | 0 | 0 | $0 |
| Frederic M Poses | Director | Dec. 12, 2014 A | 186,200 | 0 | 0 | $0 |
| Robert M Hernandez | Director | Dec. 15, 2011 A | 9,242 | 0 | 0 | $0 |
| Ram Charan | Director | Dec. 15, 2010 A | 4,484 | 0 | 0 | $0 |
| Sandra S Wijnberg | Director | July 2, 2007 A | — | 0 | 0 | $0 |
| John S Jenkins | — | Feb. 9, 2026 S | 21,810 | 0 | 4 | $-7,569,758 |
| Terrence R Curtin | — | Dec. 19, 2025 S | 78,943 | 0 | 9 | $-9,453,843 |
| Heath A Mitts | — | Dec. 19, 2025 S | 26,854 | 0 | 9 | $-23,178,882 |
| Aaron Kyle Stucki | — | Dec. 16, 2025 F | 26,418 | 0 | 0 | $0 |
| Kenneth E Washington | — | Nov. 17, 2025 F | 433 | 0 | 0 | $0 |
| Jean-Pierre Clamadieu | — | Nov. 13, 2025 A | 4,601 | 0 | 0 | $0 |
| Dawn C Willoughby | — | Nov. 13, 2025 F | 6,845 | 0 | 0 | $0 |
| Sam Eldessouky | — | Nov. 13, 2025 F | 1,206 | 0 | 0 | $0 |
| William Alan Jeffrey | — | Nov. 13, 2025 F | 23,896 | 0 | 0 | $0 |
| Mark Trudeau | — | Nov. 13, 2025 F | 7,123 | 0 | 0 | $0 |
| Lynn A Dugle | — | Nov. 13, 2025 F | 6,845 | 0 | 0 | $0 |
| Abhijit Y Talwalkar | — | Nov. 13, 2025 F | 6,369 | 0 | 0 | $0 |
| Laura Wright | — | Nov. 13, 2025 F | 17,119 | 0 | 0 | $0 |
| Carol Anthony Davidson | — | Nov. 13, 2025 F | 17,767 | 0 | 0 | $0 |
| Syaru Shirley Lin | — | Nov. 13, 2025 F | 4,155 | 0 | 0 | $0 |
| Robert J Ott | — | Dec. 11, 2024 F | 26,673 | 0 | 0 | $0 |
| Steven T Merkt | — | Jan. 29, 2024 M | 30,459 | 0 | 0 | $0 |
| Thomas J Lynch | — | Dec. 12, 2023 F | 130,789 | 0 | 0 | $0 |
| Tim Murphy | — | Dec. 8, 2022 F | 21,397 | 0 | 0 | $0 |
| Yong Nam | — | Nov. 14, 2022 F | 20,376 | 0 | 0 | $0 |
| Daniel J Phelan | — | Dec. 9, 2021 F | 34,618 | 0 | 0 | $0 |
| Pierre R Brondeau | — | Dec. 9, 2021 F | 38,499 | 0 | 0 | $0 |
| Mario Calastri | — | Dec. 6, 2021 F | 7,296 | 0 | 0 | $0 |
| Eric Resch | — | Dec. 6, 2021 F | 43,263 | 0 | 0 | $0 |
| David M Kerko | — | Nov. 9, 2020 F | 3,811 | 0 | 0 | $0 |
| Kevin N Rock | — | Sept. 4, 2020 A | 61,860 | 0 | 0 | $0 |
| Joan Wainwright | — | Dec. 11, 2019 F | 61,784 | 0 | 0 | $0 |
| Paula A Sneed | — | Nov. 11, 2019 F | 37,078 | 0 | 0 | $0 |
| John C Vanscoter | — | Nov. 12, 2018 F | 13,648 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 144 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ENOR · iShares Trust | 3.88% | 269,588 SH | Aug. 8, 2026 | Daily |
| EPHE · iShares Trust | 3.43% | 252,174 SH | Aug. 8, 2026 | Daily |
| MADE · iShares Trust | 2.79% | 8,314 SH | Aug. 8, 2026 | Daily |
| BOBP · EXCHANGE TRADED CONCEPTS TRUST | 1.50% | 127 NS | April 30, 2026 | N-PORT |
| PWB · Invesco Exchange-Traded Fund Trust | 1.47% | 164,980 SH | Aug. 8, 2026 | Daily |
| RSPT · Invesco Exchange-Traded Fund Trust | 1.38% | 374,741 SH | Aug. 8, 2026 | Daily |
| RFFC · ALPS ETF Trust | 1.12% | 1,565 NS | May 31, 2026 | N-PORT |
| XT · iShares Trust | 1.03% | 187,274 SH | Aug. 8, 2026 | Daily |
| VOE · VANGUARD INDEX FUNDS | 1.01% | 1,875,050 SH | Aug. 8, 2026 | Daily |
| FLV · AMERICAN CENTURY ETF TRUST | 0.98% | 16,215 NS | May 31, 2026 | N-PORT |
| SPHB · Invesco Exchange-Traded Fund Trust … | 0.83% | 36,334 SH | Aug. 8, 2026 | Daily |
| DFLV · Dimensional ETF Trust | 0.77% | 213,788 NS | April 30, 2026 | N-PORT |
| VLUE · iShares Trust | 0.70% | 306,217 SH | Aug. 8, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.57% | 6,325,436 SH | Aug. 8, 2026 | Daily |
| USMV · iShares Trust | 0.57% | 640,218 SH | Aug. 8, 2026 | Daily |
| IMCG · iShares Trust | 0.53% | 100,547 SH | Aug. 8, 2026 | Daily |
| KNCT · Invesco Exchange-Traded Fund Trust | 0.53% | 13,405 SH | Aug. 8, 2026 | Daily |
| IMCB · iShares Trust | 0.43% | 33,735 SH | Aug. 8, 2026 | Daily |
| IDLV · Invesco Exchange-Traded Fund Trust … | 0.38% | 93,795 SH | Aug. 8, 2026 | Daily |
| GLOF · iShares Trust | 0.38% | 3,906 SH | Aug. 8, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.34% | 234,117 NS | April 30, 2026 | N-PORT |
| XOEF · iShares Trust | 0.34% | 364 SH | Aug. 8, 2026 | Daily |
| IMCV · iShares Trust | 0.32% | 17,324 SH | Aug. 8, 2026 | Daily |
| TECL · Direxion Shares ETF Trust | 0.32% | 71,823 NS | April 30, 2026 | N-PORT |
| SPMO · Invesco Exchange-Traded Fund Trust … | 0.31% | 317,327 SH | Aug. 8, 2026 | Daily |
| ESMV · iShares Trust | 0.30% | 110 SH | Aug. 8, 2026 | Daily |
| IGM · iShares Trust | 0.28% | 137,671 SH | Aug. 8, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.27% | 2,259,789 SH | Aug. 8, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.26% | 1,649,056 SH | Aug. 8, 2026 | Daily |
| GXPT · Global X Funds | 0.25% | 1,177 NS | May 31, 2026 | N-PORT |
| USXF · iShares Trust | 0.25% | 17,104 SH | Aug. 8, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.25% | 5,624 NS | April 30, 2026 | N-PORT |
| LRGF · iShares Trust | 0.24% | 41,754 SH | Aug. 8, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.24% | 1,165,991 SH | Aug. 8, 2026 | Daily |
| IXN · iShares Trust | 0.23% | 99,907 SH | Aug. 8, 2026 | Daily |
| IXP · iShares Trust | 0.23% | 91,912 SH | Aug. 8, 2026 | Daily |
| TYLG · Global X Funds | 0.23% | 136 NS | April 30, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.22% | 8,308 SH | Aug. 8, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.22% | 2,778,753 SH | Aug. 8, 2026 | Daily |
| DGRO · iShares Trust | 0.20% | 410,130 SH | Aug. 8, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 919,027 SH | Aug. 8, 2026 | Daily |
| SIZE · iShares Trust | 0.19% | 3,954 SH | Aug. 8, 2026 | Daily |
| EUSA · iShares, Inc. | 0.19% | 17,219 SH | Aug. 8, 2026 | Daily |
| CRBN · iShares Trust | 0.19% | 72,929 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.18% | 3,408 NS | April 30, 2026 | N-PORT |
| DSI · iShares Trust | 0.18% | 45,462 SH | Aug. 8, 2026 | Daily |
| ACWV · iShares, Inc. | 0.17% | 26,786 SH | Aug. 8, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.17% | 215,000 | Aug. 8, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.17% | 1,136 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.16% | 15,366 NS | April 30, 2026 | N-PORT |