Saturday 17 October 2026 Export APH’s income statement to Excel — free account

Amphenol Corporation

Amphenol Corporation’s revenue for fiscal 2025 (year ended December 2025) was $23.1 billion, up 51.7% from fiscal 2024. In the quarter to June 2026, revenue grew 55.0%, EPS grew 60.0%, free cash flow grew 7.51% and total debt rose 133.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

79.35 2.14 −2.63%

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Market cap: $201.0B
P/E: 37.8×
Fwd P/E: 29.9×
Dividend yield: 1.26%
F-score: 6/9
Altman Z: 6.34
Beneish M: −2.39
Dividend safety: 92/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 1.29

Total sells 417.72

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	—	—	—	—	—
Sell	3	2	—	3	—	—	1	—	1	3	—	—

Insider Ownership 0.44%

Capital & Financial Ratios $m

Market Cap 200,950.00

Revenue 29,011.60

Net Income 5,187.80

Free Cash Flow 4,727.90

Net Debt 13,392.20

Current Ratio 1.89

Debt/Equity 1.20

P/E ratio 37.79

Fwd P/E 29.90

P/S ratio 6.73

P/B ratio 12.51

Past 5Y EPS Growth 27.85%

This Y EPS Growth 60.49%

Next Y EPS Growth 23.83%

Next Y revenue growth 54.19%

Next 5Y EPS Growth 31.81%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 80.10%

10-year low 10-year high

P/S against its own 10 years 90.27%

10-year low 10-year high

P/B against its own 10 years 93.55%

10-year low 10-year high

EV/Sales against its own 10 years 91.01%

10-year low 10-year high

EV/FCF against its own 10 years 90.20%

10-year low 10-year high

Dividends

Payout Ratio 0.50

Annual Dividend Rate 1.00

Annual Dividend Yield 1.26%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.55	0.25 0.25 0.25
2025	0.75	0.17 0.17 0.17 0.25
2024	0.55	0.11 0.11 0.17 0.17
2023	0.43	0.11 0.11 0.11 0.11
2022	0.41	0.10 0.10 0.10 0.11
2021	0.32	0.07 0.07 0.07 0.10
2020	0.26	0.06 0.06 0.06 0.07
2019	0.24	0.06 0.06 0.06 0.06
2018	0.22	0.05 0.06 0.06 0.06
2017	0.18	0.04 0.04 0.05 0.05
2016	0.15	0.04 0.04 0.04 0.04

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,660	3,335	11,434	5,419
Receivables	2,618	3,288	4,717	6,790
Inventory	2,167	2,546	3,425	4,552
Other	—	—	—	—
	6,835	9,686	20,267	17,817

	2023	2024	2025	Q'26
Payables	1,351	1,819	2,662	4,009
ST’ Debt	354	402	937	1,634
Other	—	—	—	—
	3,153	4,084	6,803	9,438

Compound Annual Growth %

	10y	5y	3y
Sales	15.29%	21.85%	22.31%
Cash Flow	17.96%	27.55%	35.20%
Earnings	18.79%	28.83%	30.94%
Book Value	15.20%	19.88%	24.04%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	7,620	8,758	—	—	—
’25	4,811	5,650	6,194	6,439	23,095
’24	3,256	3,610	4,039	4,318	15,223
’23	2,974	3,054	3,199	3,328	12,555
’22	2,952	3,137	3,295	3,239	12,623
’21	2,377	2,654	2,819	3,027	10,876
’20	1,862	1,988	2,323	2,426	8,599

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,122	1,557	—	—	—
’25	765	1,417	1,471	1,722	5,375
’24	600	664	704	847	2,815
’23	532	536	618	842	2,529
’22	351	543	576	705	2,175
’21	321	388	361	471	1,540
’20	384	368	399	441	1,592

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	831	1,206	—	—	—
’25	580	1,121	1,216	1,476	4,393
’24	506	528	476	648	2,157
’23	436	442	544	739	2,160
’22	275	452	457	613	1,796
’21	244	284	271	386	1,183
’20	325	301	331	371	1,328

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.36	0.69	—	—	—
’25	0.29	0.43	0.49	0.47	1.67
’24	0.22	0.21	0.24	0.30	0.96
’23	0.18	0.19	0.21	0.21	0.78
’22	0.17	0.19	0.20	0.21	0.77
’21	0.13	0.15	0.17	0.19	0.64
’20	0.10	0.11	0.14	0.14	0.49

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	5.56	8.25	9.39	9.37	7.88	14.65	15.42	18.00	23.47	28.23	Analyst estimates 2026–2028 Powerpack
	High	8.65	11.41	12.20	13.67	16.96	22.11	22.00	24.98	37.89	72.19
People
People	Employees	62,000	70,000	73,600	74,000	80,000	90,000	91,000	95,000	125,000	170,000
	Revenue/emp, $m	0.10	0.10	0.11	0.11	0.11	0.12	0.14	0.13	0.12	0.14
Income, $m
Income, $m	Revenue	6,286	7,011	8,202	8,225	8,599	10,876	12,623	12,555	15,223	23,095
	Gross margin, %	32.45	32.95	32.37	31.80	30.98	31.28	31.91	32.53	33.76	36.88
	EBT	1,141	1,352	1,588	1,496	1,527	1,989	2,467	2,455	3,012	5,601
	EBT margin, %	18.15	19.29	19.37	18.19	17.75	18.29	19.55	19.55	19.79	24.25
	Net income	833	661	1,217	1,164	1,213	1,580	1,917	1,946	2,442	4,305
	Depreciation	217	227	300	312	308	396	393	406	573	922
Per share, $
Per share, $	Revenue	2.55	2.87	3.40	3.46	3.61	4.55	5.29	5.26	6.32	9.48
	Earnings	0.33	0.27	0.50	0.49	0.51	0.67	0.80	0.81	1.01	1.76
	Cash flow	0.44	0.47	0.46	0.63	0.67	0.64	0.91	1.06	1.17	2.21
	Capex	(0.07)	(0.09)	(0.13)	(0.12)	(0.11)	(0.15)	(0.16)	(0.15)	(0.27)	(0.40)
	Free cash flow	0.36	0.38	0.34	0.51	0.56	0.49	0.75	0.91	0.90	1.80
	Book value	1.51	1.65	1.69	1.93	2.29	2.66	2.97	3.52	4.09	5.54
	Shares, m	2,466	2,446	2,410	2,380	2,384	2,392	2,385	2,386	2,408	2,436
Valuation, ×
Valuation, ×	P/E	25.25	41.42	20.25	27.82	32.45	32.89	24.03	29.98	34.47	38.50
	P/S	3.31	3.83	2.98	3.91	4.53	4.81	3.61	4.60	5.49	7.13
	P/B	5.58	6.64	6.01	7.01	7.15	8.22	6.44	6.88	8.49	12.19
	EV/Sales	3.60	4.09	3.25	4.24	4.78	5.14	3.86	4.81	5.73	7.30
	EV/FCF	25.32	31.07	33.07	28.73	30.96	47.21	27.10	27.98	40.41	38.40
Cash, $m
Cash, $m	Operating cash flow	1,078	1,144	1,113	1,502	1,592	1,540	2,175	2,529	2,815	5,375
	Capex	(184)	(222)	(306)	(288)	(264)	(357)	(378)	(369)	(658)	(982)
	Free cash flow	894	922	807	1,215	1,328	1,183	1,796	2,160	2,157	4,393
Balance, $m
Balance, $m	Working capital	1,956	3,077	2,120	2,079	3,187	3,511	3,803	3,683	5,602	13,464
	Total debt	3,011	3,543	3,571	3,607	3,867	4,800	4,578	4,337	6,886	15,502
	Net debt	1,838	1,789	2,279	2,698	2,128	3,559	3,144	2,677	3,551	4,068
	Shareholders’ equity	3,723	4,043	4,064	4,596	5,452	6,360	7,074	8,396	9,847	13,500
Returns, %
Returns, %	ROA	10.31	7.03	12.02	11.07	10.40	11.78	12.68	12.11	12.77	14.81
	ROIC	13.55	15.30	16.62	13.87	13.51	13.26	15.82	14.45	14.73	20.88
	ROE	23.51	16.75	29.73	26.67	23.95	26.94	28.32	24.93	26.57	36.58

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
APH Amphenol Corporation	$201.0B	37.8×	29.9×	+55.00% (above 0%: growing)	+60.00% (above 0%: growing)	+7.51% (above 0%: growing)	40.51%	29.51%
GLW Corning Incorporated	$119.2B	59.7×	66.0×	+16.65% (above 0%: growing)	+18.18% (above 0%: growing)	+223.75% (above 0%: growing)	36.14%	15.49%	Compare
TEL TE Connectivity Ltd.	$61.7B	20.7×	19.7×	+13.81% (above 0%: growing)	+18.98% (above 0%: growing)	−8.21% (below 0%: shrinking)	35.56%	19.01%	Compare
FLEX Flex Ltd.	$36.4B	34.9×	37.0×	+20.58% (above 0%: growing)	+52.00% (above 0%: growing)	−84.70% (below 0%: shrinking)	9.42%	4.94%	Compare
JBL Jabil, Inc.	$30.1B	28.2×	31.7×	+28.65% (above 0%: growing)	+86.61% (above 0%: growing)	+7.13% (above 0%: growing)	9.43%	5.67%	Compare
FN Fabrinet	$13.8B	27.5×	38.1×	+44.64% (above 0%: growing)	+59.43% (above 0%: growing)	−885.01% (below 0%: shrinking)	12.01%	10.20%	Compare
TTMI TTM Technologies, Inc.	$10.7B	41.2×	53.7×	+37.42% (above 0%: growing)	+95.12% (above 0%: growing)	+22.47% (above 0%: growing)	21.10%	10.86%	Compare
VICR Vicor Corporation	$10.1B	60.0×	96.1×	+1.63% (above 0%: growing)	+17.39% (above 0%: growing)	−61.09% (below 0%: shrinking)	57.98%	24.33%	Compare
SANM Sanmina Corporation	$10.1B	30.8×	44.7×	+69.67% (above 0%: growing)	+69.53% (above 0%: growing)	−85.58% (below 0%: shrinking)	10.49%	6.39%	Compare
Median of peers	$21.9B	32.9×	41.4×	+24.61%	+55.72%	−34.65%	16.56%	10.53%

All 49 Electronic Components stocks →

Amphenol Corporation (APH) key facts

Strength: Amphenol Corporation’s revenue for fiscal 2025 (year ended December 2025) was $23.1 billion, up 51.7% from fiscal 2024.
Strength: Net income was $4.3 billion, or $1.76 per share (basic), a net margin of 18.5%.
Amphenol Corporation (APH) is an Electronic Components company in the Technology sector, listed on the New York Stock Exchange.
As of October 16, 2026, APH traded at $79.35, a market capitalization of $201.0 billion.
At that price the stock trades at 37.8× trailing-twelve-month earnings and 6.7× sales; its P/E is higher than 80% of its own readings over the past ten years.
Amphenol Corporation pays an annual dividend of $1.00 per share, a yield of 1.26%, with a payout ratio of 50.1%.
Return on equity was 36.6% and debt-to-equity 1.20.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 6.34 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 29 September 2026

Amphenol reported $23.1 billion of revenue, $4.3 billion of net income and $4.4 billion of free cash flow in FY2025. In Q2 FY2026, revenue was $8.8 billion, operating income was $2.6 billion and net income was $1.8 billion. The market capitalisation was $208.2 billion as of September 28, 2026.

Revenue, earnings and free cash flow increased in FY2025 and through Q2 FY2026. Net debt was $13.4 billion in Q2 FY2026, while the current ratio was 1.9× in Q2 FY2026. Current valuation multiples were above the company’s historical medians in the periods measured as of September 28, 2026.

Read the full analysis →