2025 Connector Industry Yearbook
Each year, Bishop & Associates prepares the Connector Industry Yearbook based on annual reports provided by publicly traded connector companies. Income statements and balance sheets are consolidated for the past 10 years, five years, and most current year, providing benchmarks on the industry and the overall performance of the public connector companies.
In addition, the report provides a review of the connector industry for the period 2014-2024 for sales by region, end-use equipment sector and our current forecast for 2025 and 2030 by region and end-use equipment sector.
This report features:
Consolidated history of the public companies including:
- Key Financial Measurements (2014-2024)
- Balance Sheet $ (2014-2024)
- Income Statement $ (2014-2024)
- Balance Sheet percent (2014-2024)
- Income Statement percent (2014-2024)
Fifteen-year history of performance by company, with industry averages for the following financial measurements:
- Selling, General, & Administrative percent (2010-2024)
- Net Income percent (2010-2024)
- Return on Assets (2010-2024)
- Long Term Debt/Equity (2010-2024)
- Accounts Receivables Turnover (2010-2024)
- Inventory Turns (2010-2024)
- Cost of Goods Sold percent (2010-2024)
- COGS + SG&A percent (2010-2024)
- Current Ratio (2010-2024)
- Return on Equity (2010-2024)
- Liabilities to Equity (2010-2024)
- Average Collection Period (2010-2024)
- Days Inventory (2010-2024)
2024 Yearbook Companies Net Income as a Percent of Sales
The following table provides Net Income as a percent of sales from 2014-2024 for public companies included in the 2025 Connector Industry Yearbook
Net Income
In 2024 the connector industry had an average net income of 14.1% of sales. 2018 was a significant year in the United States because it was the year the Tax Cuts and Jobs Act was passed. This act reduced the federal corporate income tax from 35% to 21%.
As a result of the worldwide COVID pandemic, the lowest net income as a percent of sales occurred in 2020 at 4.2%. Between 2015 and 2019, net income decreased from 13.1% of sales in 2015 to 10.2% of sales in 2019. Between 2020 and 2024, net income increased from 4.2% in 2020 to 14.1% in 2024.
The following chart provides a history of net income for the Connector Industry from 2010-2024.
