vs
Side-by-side financial comparison of Mastercard (MA) and TE Connectivity (TEL). Click either name above to swap in a different company.
Mastercard is the larger business by last-quarter revenue ($8.8B vs $4.7B, roughly 1.9× TE Connectivity). Mastercard runs the higher net margin — 46.1% vs 16.1%, a 30.0% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (21.7% vs 17.6%). Mastercard produced more free cash flow last quarter ($4.9B vs $607.0M). Over the past eight quarters, Mastercard's revenue compounded faster (17.8% CAGR vs 8.5%).
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
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.
MA vs TEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.8B | $4.7B |
| Net Profit | $4.1B | $750.0M |
| Gross Margin | — | 37.2% |
| Operating Margin | 55.8% | 20.6% |
| Net Margin | 46.1% | 16.1% |
| Revenue YoY | 17.6% | 21.7% |
| Net Profit YoY | 21.5% | 42.0% |
| EPS (diluted) | $4.52 | $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.
| Q4 25 | $8.8B | $4.7B | ||
| Q3 25 | $8.6B | $4.7B | ||
| Q2 25 | $8.1B | $4.5B | ||
| Q1 25 | $7.3B | $4.1B | ||
| Q4 24 | $7.5B | $3.8B | ||
| Q3 24 | $7.4B | $4.1B | ||
| Q2 24 | $7.0B | $4.0B | ||
| Q1 24 | $6.3B | $4.0B |
| Q4 25 | $4.1B | $750.0M | ||
| Q3 25 | $3.9B | $663.0M | ||
| Q2 25 | $3.7B | $638.0M | ||
| Q1 25 | $3.3B | $13.0M | ||
| Q4 24 | $3.3B | $528.0M | ||
| Q3 24 | $3.3B | $276.0M | ||
| Q2 24 | $3.3B | $573.0M | ||
| Q1 24 | $3.0B | $541.0M |
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 35.3% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 34.8% | ||
| Q1 24 | — | 34.4% |
| Q4 25 | 55.8% | 20.6% | ||
| Q3 25 | 58.8% | 19.3% | ||
| Q2 25 | 58.7% | 18.9% | ||
| Q1 25 | 57.2% | 18.1% | ||
| Q4 24 | 52.6% | 18.0% | ||
| Q3 24 | 54.3% | 16.0% | ||
| Q2 24 | 58.0% | 19.0% | ||
| Q1 24 | 56.8% | 17.4% |
| Q4 25 | 46.1% | 16.1% | ||
| Q3 25 | 45.7% | 14.0% | ||
| Q2 25 | 45.5% | 14.1% | ||
| Q1 25 | 45.2% | 0.3% | ||
| Q4 24 | 44.6% | 13.8% | ||
| Q3 24 | 44.3% | 6.8% | ||
| Q2 24 | 46.8% | 14.4% | ||
| Q1 24 | 47.4% | 13.6% |
| Q4 25 | $4.52 | $2.53 | ||
| Q3 25 | $4.34 | $2.23 | ||
| Q2 25 | $4.07 | $2.14 | ||
| Q1 25 | $3.59 | $0.04 | ||
| Q4 24 | $3.64 | $1.75 | ||
| Q3 24 | $3.53 | $0.96 | ||
| Q2 24 | $3.50 | $1.86 | ||
| Q1 24 | $3.22 | $1.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.6B | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | $13.0B |
| Total Assets | $54.2B | $25.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.6B | $1.3B | ||
| Q3 25 | $10.3B | $1.3B | ||
| Q2 25 | $9.0B | $672.0M | ||
| Q1 25 | $7.6B | $2.6B | ||
| Q4 24 | $8.4B | $1.3B | ||
| Q3 24 | $11.1B | $1.3B | ||
| Q2 24 | $7.0B | $1.5B | ||
| Q1 24 | $7.3B | $1.2B |
| Q4 25 | $7.7B | $13.0B | ||
| Q3 25 | $7.9B | $12.6B | ||
| Q2 25 | $7.9B | $12.4B | ||
| Q1 25 | $6.7B | $12.1B | ||
| Q4 24 | $6.5B | $12.4B | ||
| Q3 24 | $7.4B | $12.4B | ||
| Q2 24 | $7.4B | $12.6B | ||
| Q1 24 | $7.2B | $12.4B |
| Q4 25 | $54.2B | $25.6B | ||
| Q3 25 | $53.3B | $25.1B | ||
| Q2 25 | $51.4B | $24.9B | ||
| Q1 25 | $48.5B | $23.7B | ||
| Q4 24 | $48.1B | $22.4B | ||
| Q3 24 | $47.2B | $22.9B | ||
| Q2 24 | $42.3B | $22.9B | ||
| Q1 24 | $42.6B | $22.8B |
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 | $5.0B | $865.0M |
| Free Cash FlowOCF − Capex | $4.9B | $607.0M |
| FCF MarginFCF / Revenue | 55.5% | 13.0% |
| Capex IntensityCapex / Revenue | 1.3% | 5.5% |
| Cash ConversionOCF / Net Profit | 1.23× | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $17.2B | $3.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.0B | $865.0M | ||
| Q3 25 | $5.7B | $1.4B | ||
| Q2 25 | $4.6B | $1.2B | ||
| Q1 25 | $2.4B | $653.0M | ||
| Q4 24 | $4.8B | $878.0M | ||
| Q3 24 | $5.1B | $1.0B | ||
| Q2 24 | $3.1B | $1.0B | ||
| Q1 24 | $1.7B | $710.0M |
| Q4 25 | $4.9B | $607.0M | ||
| Q3 25 | $5.5B | $1.1B | ||
| Q2 25 | $4.6B | $957.0M | ||
| Q1 25 | $2.2B | $423.0M | ||
| Q4 24 | $4.7B | $673.0M | ||
| Q3 24 | $5.0B | $829.0M | ||
| Q2 24 | $3.0B | $857.0M | ||
| Q1 24 | $1.5B | $543.0M |
| Q4 25 | 55.5% | 13.0% | ||
| Q3 25 | 63.8% | 24.2% | ||
| Q2 25 | 56.1% | 21.1% | ||
| Q1 25 | 30.6% | 10.2% | ||
| Q4 24 | 63.3% | 17.5% | ||
| Q3 24 | 68.2% | 20.4% | ||
| Q2 24 | 43.4% | 21.5% | ||
| Q1 24 | 23.9% | 13.7% |
| Q4 25 | 1.3% | 5.5% | ||
| Q3 25 | 2.1% | 5.7% | ||
| Q2 25 | 0.5% | 5.1% | ||
| Q1 25 | 2.2% | 5.6% | ||
| Q4 24 | 1.3% | 5.3% | ||
| Q3 24 | 1.5% | 5.2% | ||
| Q2 24 | 1.7% | 3.7% | ||
| Q1 24 | 2.5% | 4.2% |
| Q4 25 | 1.23× | 1.15× | ||
| Q3 25 | 1.44× | 2.14× | ||
| Q2 25 | 1.24× | 1.86× | ||
| Q1 25 | 0.73× | 50.23× | ||
| Q4 24 | 1.45× | 1.66× | ||
| Q3 24 | 1.57× | 3.78× | ||
| Q2 24 | 0.96× | 1.76× | ||
| Q1 24 | 0.56× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
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% |
