FirmAtlas
Company handbook · APH · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
APH · CIK 820313 · LATEST FILING: 10-Q JUN '26 · FILED JUL 31, 2026
AMPHENOL CORPORATION
$79.35
−2.14 (−2.63%)
Close, Oct 16, 2026 · 52-week $59–90
Last fiscal year
AMPHENOL CORPORATION reported revenue of $23.1B for the year ended Dec 31, 2025 (FY25), up 51.7% from FY24. Net income was $4.3B, operating cash flow $5.4B and free cash flow $4.4B. Source: 10-K filed Feb 11, 2026.
Market cap
$194.7B
P/E
37.9
EV/EBITDA
29.1x
P/B
12.6
Div yield
0.63%
ROIC
30.6%
Revenue 1Y
51.7%/yr
EPS 1Y
74.0%/yr
Shares 1Y
+1%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOR. Adam Norwitt
HQWallingford, CT
AuditorDeloitte & Touche LLP
Employees170,000
Year endsDecember
Revenue by segment · FY25
Communications Solutions52%
Harsh Environment Solutions26%
Interconnect And Sensor Systems22%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
25.9%
32.7%
56.1%
24.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$10.4B deployed
Capex
$1.7B
16.0%
Acquisitions
$6.0B
57.5%
Dividends
$1.4B
13.5%
Buybacks
$1.4B
13.0%
Operating cash flow over the period: $8.2B. Total debt changed by +$8.1B. R&D of $1.1B is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY22).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
15,223
23,095+51.7%
29,012
YoY
+51.7%
Gross profit
5,140
8,518+65.7%
11,169
Gross margin
33.8%
36.9%+3.1 pp
—
Operating income
3,157
5,869+85.9%
7,841
Operating margin
20.7%
25.4%+4.7 pp
—
EBITDA
3,729
6,791+82.1%
—
EBITDA margin
24.5%
29.4%+4.9 pp
—
Interest expense
217
368+69.5%
—
Interest coverage
17.19x
18.46x+1.28x
—
Net income
2,424
4,270+76.2%
5,143
YoY
+76.2%
Net margin
15.9%
18.5%+2.6 pp
—
EPS (diluted, $)
1.92
3.34+74.0%
4.03
YoY
+74.0%
Balance sheet
Total assets
21,440
36,237+69.0%
44,807
Cash & short-term investments
3,335
11,434+242.8%
—
Accounts receivable
3,288
4,717+43.5%
—
Inventory
2,546
3,425+34.5%
—
Net PP&E
1,712
2,306+34.7%
—
Other assets
10,559
14,355+35.9%
—
Total liabilities
11,648
22,824+95.9%
29,315
Accounts payable
1,819
2,662+46.3%
—
Total debt
6,484
14,565+124.6%
17,177
Other liabilities
3,344
5,597+67.4%
—
Shareholders’ equity
9,792
13,413+37.0%
15,492
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,815
5,375+91.0%
5,872
Net income
2,442
4,305+76.3%
—
Depreciation & amortization
572
922+61.1%
—
Stock-based compensation
110
135+23.7%
—
Working capital & other
(309)
12n/m
—
Cash from investing
(2,649)
(5,082)n/m
—
Capex
(665)
(997)n/m
—
PP&E sold
8
15+89.7%
—
Acquisitions
(2,156)
(3,819)n/m
—
Investments bought
(26)
(309)n/m
—
Investments sold / matured
190
28−85.5%
—
Other investing
2
0−100.0%
—
Cash from financing
1,730
7,423+329.1%
—
Debt raised
2,991
8,922+198.3%
—
Debt repaid
(364)
(402)n/m
—
Dividends
(595)
(802)n/m
—
Buybacks
(689)
(665)n/m
—
Shares issued
447
553+23.6%
—
Other financing
(60)
(182)n/m
—
Net change in cash
1,842
7,814+324.2%
—
Free cash flow (OCF − capex)
2,149
4,378+103.7%
4,714
Where the cash went
Operating cash flow
2,815
5,375+91.0%
5,872
Reinvested in the business
2,822
4,815+70.6%
—
% of operating cash flow
100.3%
89.6%
Capex
665
997+49.8%
1,158
Acquisitions
2,156
3,819+77.1%
—
R&D (memo, already in costs)
453
647+42.8%
—
Free cash flow
2,149
4,378+103.7%
4,714
YoY
+103.7%
Returned to shareholders
1,284
1,467+14.2%
—
% of free cash flow
59.8%
33.5%
Dividends
595
802+34.8%
—
Buybacks
689
665−3.5%
—
Change in total debt
—
8,080
—
Cash left over
—
7,172
—
FCF conversion (FCF ÷ net income)
88.7%
102.5%+13.9 pp
—
Owner earnings
—
2,730
—
Owner earnings margin
—
11.8%
—
Buyback yield
0.8%
0.4%−0.4 pp
—
Returns & ratios
ROIC (all capital)
19.8%
30.6%+10.8 pp
—
ROIC (operating)
44.7%
66.8%+22.1 pp
—
Net debt / EBITDA
0.84x
0.46x−0.38x
—
Debt / equity
0.66x
1.09x+0.42x
—
Cash conversion cycle (days)
105
94−11 d
—
ROE
24.8%
31.8%+7.1 pp
—
ROA
11.3%
11.8%+0.5 pp
—
ROCE
18.2%
19.9%+1.7 pp
—
NOPAT
2,559
4,511+76.3%
—
Invested capital (operating)
5,726
7,786+36.0%
—
Invested capital (all)
12,941
16,544+27.8%
—
Reinvestment rate
—
45.7%
—
Debtor days
79
75−4 d
—
Inventory days
92
86−6 d
—
Days payable
66
67+1 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
6,194
6,439
7,620
8,758
vs year-ago quarter
Gross profit
2,359
2,461
2,800
3,548
Gross margin
38.1%
38.2%
36.7%
40.5%
Operating income
1,702
1,723
1,832
2,585
Net income
1,246
1,195
933
1,769
vs year-ago quarter
Net margin
20.1%
18.6%
12.2%
20.2%
EPS (diluted, $)
0.97
0.97
0.72
1.37
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
27,143
36,237
42,134
44,807
Cash & equivalents
3,888
11,434
4,583
5,419
Total debt
7,130
14,565
16,639
17,177
Shareholders’ equity
12,520
13,413
13,977
15,492
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,471
1,722
1,122
1,557
Capex
257
254
292
356
Free cash flow
1,214
1,469
830
1,202
vs year-ago quarter