TD SYNNEX CORPORATION vs TE CONNECTIVITY PLC, two Distribution stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
TD Synnex distributes IT products at a razor 1.52% margin; TE Connectivity manufactures connectors at 15.54%, ten times the margin, though their returns on equity are closer, 11.24% against 21.96%. TE trades cheaper on quality, 20.2 times earnings against Synnex's 22.1, and both convert strong free cash, TE at 5.81% and Synnex at 5.86%, nearly matched despite the margin chasm. The pair shows how distribution and manufacturing reach cash flow differently: Synnex earns its keep through enormous volume and tight working-capital turns, TE through fat margins on proprietary products, and while both generate similar cash yields, TE's higher-quality earnings and lower multiple make it the sturdier holding.
Comparison updated 2026-07-11.
| Metric | SNX | TEL |
|---|---|---|
| Price | $251.89 | $200.28 |
| Market cap | $20.1B | $59.1B |
| Sector | Distribution | Distribution |
| Stage | Growth | Growth |
| Implied growth (priced in) | +3.9% | +18.7% |
| P/E | 18.1 | 20.4 |
| P/B | 2.24 | 4.46 |
| P/S | 0.29 | 3.16 |
| EV/EBITDA | 10.6 | 15.4 |
| Revenue growth | +16.3% | +16.7% |
| Gross margin | 6.8% | 36.8% |
| Operating margin | 2.6% | 20.1% |
| Net margin | 1.6% | 15.5% |
| Return on equity | 12.7% | 22.0% |
| Return on assets | 3.0% | 11.3% |
| Return on invested capital | 13.8% | 17.7% |
| FCF yield | 1.9% | 5.7% |
| Dividend yield | 0.7% | 1.4% |
| Debt / equity | 0.13 | 0.43 |
| Current ratio | 1.20 | 1.89 |
| Altman Z (solvency) | 2.56 | 4.67 |
| Piotroski F (quality) | 5 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.