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Amphenol Corporation

APH Technology Electronic Components

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%
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 (at or above 1.5: strong)
Debt/Equity 1.20
P/E ratio 37.79 (above 35: high)
Fwd P/E 29.90
P/S ratio 6.73
P/B ratio 12.51 (above 6: high)
Past 5Y EPS Growth 27.85% (at or above 15%: strong)
This Y EPS Growth 60.49% (at or above 15%: strong)
Next Y EPS Growth 23.83% (at or above 15%: strong)
Next Y revenue growth 54.19% (at or above 10%: strong)
Next 5Y EPS Growth 31.81% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.2×, against a ten-year median of 4.2×; over the ten years it ranged from 2.9× in 2016 to 8.4× in 2025.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Amphenol Corporation vs peers in Electronic Components (Q) = latest quarter vs a year earlier

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 →

APH metrics, ten years each

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

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.

Amphenol Corporation (APH) Latest News

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stockrow.com/APH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com