Amphenol (APH)
Information Technology · $199B market cap · SEC CIK 0000820313
fundamentals score out of 100
Next reports on Oct 28, 2026, with analysts expecting $0.72 in earnings per share.
The case for APH
- Revenue up 54.2% on the year.
- Earns 37% back on shareholder equity.
- Generated $4.4B of free cash flow in FY2025, 19% of revenue.
- Earnings per share up 59.4%.
- A PEG of 0.65: a P/E of 38.7× is low for EPS growing 59%.
- Has compounded revenue at 21.9% a year over five years.
The case against
- Pricey at 38.7× earnings, against a long-run market average nearer 20×.
- Weakest against its peers: free-cash-flow yield of 2.2% is lower than 57% of Information Technology companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Information Technology companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 39 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 88 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 59 |
| Momentumhow the price has behaved lately | 70 |
| Stabilityhow violently it moves, what it owes and what it pays you | 42 |
- Each factor except momentum is half fixed thresholds, half rank among the 73 Information Technology companies.
Key numbers
| Price / earnings | 38.7× |
|---|---|
| Price / book | 14.00× |
| Price / sales | 6.9× |
| Revenue growth (YoY) | +54.2% |
| EPS growth (YoY) | +59.4% |
| Gross margin | 39% |
| Operating margin | 27% |
| Net margin | 18% |
| Return on equity | 37% |
| Debt / equity | 1.21× |
| Current ratio | 1.89 |
| Dividend yield | 0.97% |
| Beta | 1.27 |
| 52-week range | $39.41 – $89.26 |
| Position in that range | 87% of the way up |
| 3-month return | -1.5% |
| 1-year return | +30.3% |
Five years of financials, as filed
Pulled from Amphenol's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $23.1B | $15.2B | $12.6B | $12.6B | $10.9B |
| Gross profit | $8.5B | $5.1B | $4.1B | $4.0B | $3.4B |
| Operating income | $5.9B | $3.2B | $2.6B | $2.6B | $2.1B |
| Net income | $4.3B | $2.4B | $1.9B | $1.9B | $1.6B |
| Operating cash flow | $5.4B | $2.8B | $2.5B | $2.2B | $1.5B |
| Capital expenditure | $997M | $665M | $373M | $384M | $360M |
| Total assets | $36.2B | $21.4B | $16.5B | $15.3B | $14.7B |
| Total liabilities | $22.7B | $11.6B | $8.1B | $8.2B | $8.3B |
| Shareholder equity | $13.4B | $9.8B | $8.3B | $7.0B | $6.3B |
| Cash | $11.1B | $3.3B | $1.5B | $1.4B | $1.2B |
| Free cash flow | $4.4B | $2.1B | $2.2B | $1.8B | $1.2B |
| Gross margin | 36.9% | 33.8% | 32.5% | 31.9% | 31.3% |
| Operating margin | 25.4% | 20.7% | 20.4% | 20.5% | 19.4% |
| Net margin | 18.5% | 15.9% | 15.4% | 15.1% | 14.6% |
| Diluted shares | 1.3B | 1.3B | 1.2B | 1.2B | 1.3B |
Share count is essentially flat over 4 years. Counts are restated for stock splits so the years compare.
What Amphenol says it does
_912593"> Item 1. Business ​ General ​ Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial, high-speed, fiber optic and specialty cable. The Company estimates, based on recent reports of industry analysts, that worldwide sales of interconnect, value-add cable assembly, antenna, cable and sensor-related products were approximately $500 billion in 2025. ​ Certain predecessor businesses of the Company were founded in 1932, and the Company was incorporated under the laws of the State of Delaware in 1986. The Company’s Class A Common Stock ("Common Stock") began trading on the New York Stock Exchange in 1991. ​ Reportable Business Segments ​ The Company’s strategy is to provide our customers with comprehensive design capabilities, a broad…
Risk factors APH lists in its 10-K
- Percentage Growth (relative to prior year) (1)
- Cash Requirements from Known Contractual and Other Obligations
- Repatriation of Foreign Earnings and Related Income Taxes
- The Company’s results can be positively or negatively affected by changes in foreign currency exchange rates
- Adjusted Net Income attributable to Amphenol Corporation
- Opinions on the Financial Statements and Internal Control over Financial Reporting
- Internal Control — Integrated Framework (2013)
- Definition and Limitations of Internal Control over Financial Reporting
- Income Taxes — Unrecognized Tax Benefits — Refer to Notes 1 and 6 to the financial statements
- How the Critical Audit Matter Was Addressed in the Audit
- (dollars and shares in millions, except per share data)
- See accompanying notes to consolidated financial statements
- Consolidated Statements of Comprehensive Income
- 1,929.4 ​ ​ ​ See accompanying notes to consolidated financial statements