AMPHENOL CORP /DE/ APH
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.09B | $15.22B | $12.55B | $12.62B | $10.88B | $8.60B | $8.23B | $8.20B | $7.01B | $6.29B |
| Cost of revenue | $14.58B | $10.08B | $8.47B | $8.59B | $7.47B | $5.93B | $5.61B | $5.55B | $4.70B | $4.25B |
| Gross profit | $8.52B | $5.14B | $4.08B | $4.03B | $3.40B | $2.66B | $2.62B | $2.65B | $2.31B | $2.04B |
| R&D | $647.0M | $453.0M | $342.2M | $323.6M | $317.7M | $260.7M | $234.2M | $220.9M | $193.7M | $166.1M |
| SG&A | $2.55B | $1.86B | $1.49B | $1.42B | $1.23B | $1.01B | $971.4M | $959.5M | $878.3M | $798.2M |
| Operating income | $5.87B | $3.16B | $2.56B | $2.59B | $2.11B | $1.64B | $1.62B | $1.69B | $1.43B | $1.21B |
| Interest expense | $367.8M | $217.0M | $139.5M | $128.4M | $115.5M | $115.4M | $117.6M | $101.7M | $92.3M | $72.6M |
| Pre-tax income | $5.60B | $3.01B | $2.45B | $2.47B | $1.99B | $1.53B | $1.50B | $1.59B | $1.35B | $1.14B |
| Income tax | $1.30B | $570.3M | $509.3M | $550.6M | $409.1M | $313.3M | $331.9M | $371.5M | $691.7M | $308.5M |
| Net income | $4.27B | $2.42B | $1.93B | $1.90B | $1.59B | $1.20B | $1.16B | $1.21B | $650.5M | $822.9M |
| EPS, basic | 3.51 | 2.01 | 1.62 | 1.60 | 2.66 | 2.02 | 1.94 | 4.00 | 2.13 | 2.67 |
| EPS, diluted | 3.34 | 1.92 | 1.55 | 1.53 | 2.54 | 1.96 | 1.88 | 3.85 | 2.06 | 2.61 |
| Shares, diluted (wtd. avg.) | $1.28B | $1.26B | $1.24B | $1.24B | $625.5M | $615.0M | $615.9M | $312.6M | $316.5M | $315.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $11.13B | $3.32B | $1.48B | $1.37B | $1.20B | $1.70B | $891.2M | $1.28B | $1.72B | $1.03B |
| Short-term investments | $303.6M | $18.4M | $185.2M | $61.1M | $44.3M | $36.1M | $17.4M | $12.4M | $34.6M | $138.6M |
| Receivables | $4.72B | $3.29B | $2.62B | $2.63B | $2.45B | $1.95B | $1.74B | $1.79B | $1.60B | $1.35B |
| Inventory | $3.42B | $2.55B | $2.17B | $2.09B | $1.89B | $1.46B | $1.31B | $1.23B | $1.11B | $928.9M |
| Total current assets | $20.27B | $9.69B | $6.84B | $6.48B | $5.96B | $5.49B | $4.21B | $4.57B | $4.66B | $3.59B |
| Property, plant and equipment | $2.31B | $1.71B | $1.31B | $1.20B | $1.18B | $1.05B | $999.0M | $875.8M | $816.8M | $711.4M |
| Goodwill | $10.58B | $8.24B | $7.09B | $6.45B | $6.38B | $5.03B | $4.87B | $4.10B | $4.04B | $3.68B |
| Other intangibles | $2.24B | $1.23B | $834.8M | $734.1M | $756.9M | $397.5M | $442.0M | $397.9M | $441.6M | $474.4M |
| Total assets | $36.24B | $21.44B | $16.53B | $15.33B | $14.68B | $12.33B | $10.82B | $10.04B | $10.00B | $8.50B |
| Accounts payable | $2.66B | $1.82B | $1.35B | $1.31B | $1.31B | $1.12B | $866.8M | $890.5M | $875.6M | $678.2M |
| Short-term debt | — | — | — | — | — | — | — | — | $1.1M | $375.2M |
| Total current liabilities | $6.80B | $4.08B | $3.15B | $2.68B | $2.45B | $2.30B | $2.13B | $2.45B | $1.58B | $1.64B |
| Long-term debt | — | — | — | — | — | — | — | — | $3.54B | $2.64B |
| Total liabilities | $22.73B | $11.58B | $8.10B | $8.23B | $8.30B | $6.88B | — | — | — | — |
| Retained earnings | $9.85B | $7.11B | $5.92B | $4.98B | $4.28B | $3.71B | $3.35B | $3.03B | $2.94B | $3.12B |
| Total equity | $13.41B | $9.79B | $8.40B | $7.07B | $6.36B | $5.45B | $4.60B | $4.06B | $4.04B | $3.72B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.37B | $2.81B | $2.53B | $2.17B | $1.54B | $1.59B | $1.50B | $1.11B | $1.14B | $1.08B |
| Depreciation and amortisation | $922.4M | $572.5M | $406.4M | $392.9M | $395.6M | $308.1M | $312.1M | $299.7M | $226.8M | $217.0M |
| Stock-based compensation | $135.4M | $109.5M | $99.0M | $89.5M | $83.0M | $70.5M | $63.0M | $55.6M | $49.7M | $47.6M |
| Capital expenditure | $996.6M | $665.4M | $372.8M | $383.8M | $360.4M | $276.8M | $295.0M | $310.6M | $226.6M | $190.8M |
| Investing cash flow | -$5.08B | -$2.65B | -$1.39B | -$731.1M | -$1.89B | -$333.5M | -$1.23B | -$441.8M | -$380.2M | -$1.61B |
| Financing cash flow | $7.42B | $1.73B | -$1.01B | -$1.20B | -$145.2M | -$516.6M | -$648.4M | -$1.07B | -$140.1M | -$133.5M |
| Dividends paid | $802.2M | $595.1M | $500.6M | $477.4M | $346.7M | $297.6M | $279.5M | $253.7M | $205.0M | $172.7M |
| Buybacks | $665.2M | $689.3M | $585.1M | $730.5M | $661.7M | $641.3M | $601.7M | $935.2M | $618.0M | $325.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-040688.
Others in SIC 3678
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MEI | METHODE ELECTRONICS INC | $559.3M | — | -2.8% |
| RFIL | R F INDUSTRIES LTD | $114.0M | 1,051.0x | 24.3% |