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Side-by-side financial comparison of GE HealthCare (GEHC) and TE Connectivity (TEL). Click either name above to swap in a different company.
GE HealthCare is the larger business by last-quarter revenue ($5.1B vs $4.7B, roughly 1.1× TE Connectivity). TE Connectivity runs the higher net margin — 16.1% vs 8.0%, a 8.1% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (21.7% vs 7.4%). TE Connectivity produced more free cash flow last quarter ($607.0M vs $112.0M). Over the past eight quarters, TE Connectivity's revenue compounded faster (8.5% CAGR vs 3.0%).
GE Healthcare Technologies, Inc., stylized GE HealthCare, is an American health technology company based in Chicago, Illinois. It operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical Diagnostics, which manufactures...
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.
GEHC vs TEL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.1B | $4.7B |
| Net Profit | $411.0M | $750.0M |
| Gross Margin | 38.5% | 37.2% |
| Operating Margin | 10.0% | 20.6% |
| Net Margin | 8.0% | 16.1% |
| Revenue YoY | 7.4% | 21.7% |
| Net Profit YoY | -30.1% | 42.0% |
| EPS (diluted) | $0.85 | $2.53 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.7B | $4.7B | ||
| Q3 25 | $5.1B | $4.7B | ||
| Q2 25 | $5.0B | $4.5B | ||
| Q1 25 | $4.8B | $4.1B | ||
| Q4 24 | $5.3B | $3.8B | ||
| Q3 24 | $4.9B | $4.1B | ||
| Q2 24 | $4.8B | $4.0B |
| Q1 26 | $411.0M | — | ||
| Q4 25 | $588.0M | $750.0M | ||
| Q3 25 | $446.0M | $663.0M | ||
| Q2 25 | $486.0M | $638.0M | ||
| Q1 25 | $564.0M | $13.0M | ||
| Q4 24 | $721.0M | $528.0M | ||
| Q3 24 | $470.0M | $276.0M | ||
| Q2 24 | $428.0M | $573.0M |
| Q1 26 | 38.5% | — | ||
| Q4 25 | 39.7% | 37.2% | ||
| Q3 25 | 38.7% | 35.0% | ||
| Q2 25 | 39.6% | 35.3% | ||
| Q1 25 | 42.1% | 35.2% | ||
| Q4 24 | 42.8% | 35.5% | ||
| Q3 24 | 41.7% | 34.0% | ||
| Q2 24 | 41.4% | 34.8% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 14.5% | 20.6% | ||
| Q3 25 | 12.7% | 19.3% | ||
| Q2 25 | 13.1% | 18.9% | ||
| Q1 25 | 13.2% | 18.1% | ||
| Q4 24 | 15.1% | 18.0% | ||
| Q3 24 | 13.9% | 16.0% | ||
| Q2 24 | 12.6% | 19.0% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 10.3% | 16.1% | ||
| Q3 25 | 8.7% | 14.0% | ||
| Q2 25 | 9.7% | 14.1% | ||
| Q1 25 | 11.8% | 0.3% | ||
| Q4 24 | 13.6% | 13.8% | ||
| Q3 24 | 9.7% | 6.8% | ||
| Q2 24 | 8.8% | 14.4% |
| Q1 26 | $0.85 | — | ||
| Q4 25 | $1.28 | $2.53 | ||
| Q3 25 | $0.98 | $2.23 | ||
| Q2 25 | $1.06 | $2.14 | ||
| Q1 25 | $1.23 | $0.04 | ||
| Q4 24 | $1.58 | $1.75 | ||
| Q3 24 | $1.02 | $0.96 | ||
| Q2 24 | $0.93 | $1.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3B |
| Total DebtLower is stronger | $10.1B | — |
| Stockholders' EquityBook value | $10.7B | $13.0B |
| Total Assets | $37.1B | $25.6B |
| Debt / EquityLower = less leverage | 0.95× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $1.3B | ||
| Q3 25 | $4.0B | $1.3B | ||
| Q2 25 | $3.7B | $672.0M | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $2.9B | $1.3B | ||
| Q3 24 | $3.5B | $1.3B | ||
| Q2 24 | $2.0B | $1.5B |
| Q1 26 | $10.1B | — | ||
| Q4 25 | $10.0B | — | ||
| Q3 25 | $10.3B | — | ||
| Q2 25 | $10.3B | — | ||
| Q1 25 | $8.8B | — | ||
| Q4 24 | $9.0B | — | ||
| Q3 24 | $10.3B | — | ||
| Q2 24 | $9.2B | — |
| Q1 26 | $10.7B | — | ||
| Q4 25 | $10.4B | $13.0B | ||
| Q3 25 | $10.0B | $12.6B | ||
| Q2 25 | $9.7B | $12.4B | ||
| Q1 25 | $9.2B | $12.1B | ||
| Q4 24 | $8.4B | $12.4B | ||
| Q3 24 | $8.3B | $12.4B | ||
| Q2 24 | $7.8B | $12.6B |
| Q1 26 | $37.1B | — | ||
| Q4 25 | $36.9B | $25.6B | ||
| Q3 25 | $36.1B | $25.1B | ||
| Q2 25 | $35.5B | $24.9B | ||
| Q1 25 | $33.6B | $23.7B | ||
| Q4 24 | $33.1B | $22.4B | ||
| Q3 24 | $33.9B | $22.9B | ||
| Q2 24 | $31.9B | $22.9B |
| Q1 26 | 0.95× | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.06× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 1.18× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $865.0M |
| Free Cash FlowOCF − Capex | $112.0M | $607.0M |
| FCF MarginFCF / Revenue | 2.2% | 13.0% |
| Capex IntensityCapex / Revenue | — | 5.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $865.0M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $94.0M | $1.2B | ||
| Q1 25 | $250.0M | $653.0M | ||
| Q4 24 | — | $878.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $-119.0M | $1.0B |
| Q1 26 | $112.0M | — | ||
| Q4 25 | — | $607.0M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $8.0M | $957.0M | ||
| Q1 25 | $98.0M | $423.0M | ||
| Q4 24 | — | $673.0M | ||
| Q3 24 | — | $829.0M | ||
| Q2 24 | $-183.0M | $857.0M |
| Q1 26 | 2.2% | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | 0.2% | 21.1% | ||
| Q1 25 | 2.1% | 10.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 20.4% | ||
| Q2 24 | -3.8% | 21.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 5.5% | ||
| Q3 25 | 2.1% | 5.7% | ||
| Q2 25 | 1.7% | 5.1% | ||
| Q1 25 | 3.2% | 5.6% | ||
| Q4 24 | 1.9% | 5.3% | ||
| Q3 24 | 1.9% | 5.2% | ||
| Q2 24 | 1.3% | 3.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | 0.19× | 1.86× | ||
| Q1 25 | 0.44× | 50.23× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | — | 3.78× | ||
| Q2 24 | -0.28× | 1.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEHC
| Imaging revenues | $2.3B | 45% |
| AVS revenues | $1.3B | 26% |
| PDx revenues | $770.0M | 15% |
| PCS revenues | $704.0M | 14% |
| Other revenues | $18.0M | 0% |
TEL
| Automotive Industry End Market | $1.9B | 40% |
| Digital Data Networks | $707.0M | 15% |
| Automation And Connected Living Industry End Market | $549.0M | 12% |
| Energy Industry End Market | $406.0M | 9% |
| Aerospace Defense And Marine Industry End Market | $381.0M | 8% |
| Commercial Transportation Industry End Market | $370.0M | 8% |
| Sensors Industry End Market | $212.0M | 5% |
| Medical Industry End Market | $159.0M | 3% |
