Overview
AMPHENOL CORP /DE/
Latest 10-K: FY2025, filed Feb 11, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $23.09B
- 51.7%YoYup from FY2024
- TotalRevenue
- Gross profit
- $8.52B
- 65.7%YoYup from FY2024
- GrossProfit
- Operating income
- $5.87B
- 85.9%YoYup from FY2024
- OperatingIncome
- Net income
- $4.27B
- 76.2%YoYup from FY2024
- NetIncome
- Diluted EPS
- $3.34
- 74.0%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 1.28B
- 1.1%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- AMPHENOL CORP /DE/ reported revenue of $23.09B for fiscal 2025, up 51.7% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.
Profitability
- Operating margin was 25.4% and net margin was 18.5%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $3.34, up 74.0% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $23.09B51.7%up Benchmark median 6.4% | $15.22B21.3%up Benchmark median 4.5% | $12.55B0.5%down Benchmark median 4.8% | $12.62B16.1%up Benchmark median 10.3% | $10.88B26.5%up Benchmark median 13.8% | 20.7% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $8.52B65.7%up Benchmark median 6.8% | $5.14B25.8%up Benchmark median 5.5% | $4.08B1.4%up Benchmark median 5.2% | $4.03B18.4%up Benchmark median 8.3% | $3.40B27.7%up Benchmark median 15.7% | 25.8% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $5.87B85.9%up Benchmark median 7.3% | $3.16B23.3%up Benchmark median 7.4% | $2.56B1.0%down Benchmark median 4.9% | $2.59B22.8%up Benchmark median 7.5% | $2.11B28.5%up Benchmark median 23.5% | 29.2% Benchmark median 7.2% |
| Net Income | $4.27B76.2%up Benchmark median 4.8% | $2.42B25.7%up Benchmark median 5.7% | $1.93B1.4%up Benchmark median 1.9% | $1.90B19.6%up Benchmark median 1.3% | $1.59B32.2%up Benchmark median 33.9% | 28.0% Benchmark median 4.1% |
| EPS (Diluted) | $3.3474.0%up Benchmark median 6.2% | $1.9223.9%up Benchmark median 7.9% | $1.551.3%up Benchmark median 1.9% | $1.53‡n/m Benchmark median 1.5% | $2.5429.6%up Benchmark median 34.8% | n/m Benchmark median 5.6% |
‡ Share basis changed between these years (stock split or reverse split).
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $36.24B69.0%up Benchmark median 5.6% | $21.44B29.7%up Benchmark median 3.4% | $16.53B7.8%up Benchmark median 4.1% | $15.33B4.4%up Benchmark median 2.2% | $14.68B19.1%up Benchmark median 6.7% | 25.3% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $22.73B96.2%up Benchmark median 6.4% | $11.58B43.0%up Benchmark median 1.9% | $8.10B1.6%down Benchmark median 2.9% | $8.23B0.8%down Benchmark median 2.0% | $8.30B20.7%up Benchmark median 5.2% | 28.6% Benchmark median 4.4% |
| Stockholders' Equity | $13.50B37.1%up Benchmark median 6.8% | $9.85B17.3%up Benchmark median 5.4% | $8.40B18.7%up Benchmark median 7.3% | $7.07B11.2%up Benchmark median 2.5% | $6.36B16.7%up Benchmark median 9.0% | 20.7% Benchmark median 6.1% |
| Cash & Equivalents | $11.13B235.6%up Benchmark median 5.2% | $3.32B124.9%up Benchmark median 1.9% | $1.48B7.4%up Benchmark median 6.7% | $1.37B14.7%up Benchmark median -8.6% | $1.20B29.7%down Benchmark median -2.9% | 74.6% Benchmark median 2.0% |
| Total Debt | $15.50B125.1%up Benchmark median 2.1% | $6.89B58.8%up Benchmark median 0.2% | $4.34B5.3%down Benchmark median 0.3% | $4.58B4.6%down Benchmark median 0.1% | $4.80B24.1%up Benchmark median -0.1% | 34.1% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.37B91.0%up Benchmark median 6.3% | $2.81B11.3%up Benchmark median 4.8% | $2.53B16.3%up Benchmark median 9.9% | $2.17B41.2%up Benchmark median -0.7% | $1.54B3.3%down Benchmark median 10.7% | 36.7% Benchmark median 7.0% |
| Capital Expenditures | $996.60M49.8%up Benchmark median 5.4% | $665.40M78.5%up Benchmark median 2.8% | $372.80M2.9%down Benchmark median 11.3% | $383.80M6.5%up Benchmark median 14.0% | $360.40M30.2%up Benchmark median 8.1% | 29.0% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $4.38B103.7%up Benchmark median 7.3% | $2.15B0.3%down Benchmark median 6.1% | $2.16B20.4%up Benchmark median 8.8% | $1.79B51.8%up Benchmark median -11.3% | $1.18B10.3%down Benchmark median 10.2% | 38.8% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
2.5%
Wall Street
on net earnings
FY2024 2.8%
2.5%
Value investor
on free cash flow
FY2024 2.4%
Gap Same: Both views read the same
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 40.5×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
3.8%
Wall Street
on EBITDA
FY2024 4.1%
3.3%
Value investor
on EBIT
FY2024 3.5%
Gap −0.5 pts: Value-investor figure 0.5 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 26.0×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
7.8%
Wall Street
on book equity
FY2024 11.2%
0.4%
Value investor
on tangible book
FY2024 0.4%
Gap −7.4 pts: Value-investor figure 7.4 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 12.8×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
36.6%
Wall Street
ROE: net income ÷ equity
FY2024 26.6%
23.9%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 17.7%
Gap −12.7 pts: Value-investor figure 12.7 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
29.4%
Wall Street
EBITDA margin
FY2024 24.5%
19.0%
Value investor
Free-cash-flow margin
FY2024 14.1%
Gap −10.4 pts: Value-investor figure 10.4 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
2.98×
Wall Street
Current ratio
FY2024 2.37×
2.48×
Value investor
Quick ratio, inventory excluded
FY2024 1.75×
Gap −0.50×: Value-investor figure 0.50 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.44×
Wall Street
EBITDA ÷ total debt
FY2024 0.54×
0.28×
Value investor
FCF ÷ total debt
FY2024 0.31×
Gap −0.16×: Value-investor figure 0.16 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 0.60×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
18.5×
Wall Street
EBITDA ÷ interest
FY2024 17.2×
16.0×
Value investor
EBIT ÷ interest
FY2024 14.5×
Gap −2.5×: Value-investor figure 2.5 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on APH yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on APH and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/APH
Valuein. (2026, October 31). AMPHENOL CORP /DE/ (APH) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/APH
@misc{valuein_aph_2026,
author = {{Valuein}},
title = {AMPHENOL CORP /DE/ (APH) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/APH}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 11, 2026 · accession 0001104659-26-013549
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