AMPHENOL CORP /DE/ APH

Technology SIC 3678 - Electronic Connectors NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Electronic Connector Manufacturing derived NYSE

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.

Last close 74.09 2026-10-23
Market cap $91.35B 2026-06-30 share count
52-week range 59.01 - 89.93

Valuation FY2025 figures against the last close

P/S4.0x
P/E22.2x
P/FCF20.9x
EV/EBITDA13.5x
Dividend yield0.9%
Diluted EPS3.34

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Other foreign locations
  • United States
  • China
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Other foreign locations, FY2025: 11.4B (49.5%) 50% Other foreign locations United States, FY2025: 8B (34.6%) 35% United States China, FY2025: 3.7B (15.9%) 16% China FY2024 Other foreign locations, FY2024: 6.6B (43.0%) 43% United States, FY2024: 5.3B (34.6%) 35% China, FY2024: 3.4B (22.3%) 22% FY2023 Other foreign locations, FY2023: 5.3B (41.9%) 42% United States, FY2023: 4.4B (35.1%) 35% China, FY2023: 2.9B (23.0%) 23%
Region FY2025FY2024FY2023
Other foreign locations $11.43B $6.55B $5.27B
United States $7.99B $5.27B $4.41B
China $3.67B $3.40B $2.88B

As the company reported it, from the “Reportable Business Segments and International Operations, Geographic information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 3.512.011.621.602.662.021.944.002.132.67
EPS, diluted 3.341.921.551.532.541.961.883.852.062.61
Shares, diluted (wtd. avg.) 1.28B1.26B1.24B1.24B625.5M615.0M615.9M312.6M316.5M315.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 6.3B Gross profit, FY2016: 2B Net income, FY2016: 822.9M Revenue, FY2017: 7B Gross profit, FY2017: 2.3B Net income, FY2017: 650.5M Revenue, FY2018: 8.2B Gross profit, FY2018: 2.7B Net income, FY2018: 1.2B Revenue, FY2019: 8.2B Gross profit, FY2019: 2.6B Net income, FY2019: 1.2B Revenue, FY2020: 8.6B Gross profit, FY2020: 2.7B Net income, FY2020: 1.2B Revenue, FY2021: 10.9B Gross profit, FY2021: 3.4B Net income, FY2021: 1.6B Revenue, FY2022: 12.6B Gross profit, FY2022: 4B Net income, FY2022: 1.9B Revenue, FY2023: 12.6B Gross profit, FY2023: 4.1B Net income, FY2023: 1.9B Revenue, FY2024: 15.2B Gross profit, FY2024: 5.1B Net income, FY2024: 2.4B Revenue, FY2025: 23.1B Gross profit, FY2025: 8.5B Net income, FY2025: 4.3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.29B $7.01B $8.20B $8.23B $8.60B $10.88B $12.62B $12.55B $15.22B $23.09B
Gross profit $2.04B $2.31B $2.65B $2.62B $2.66B $3.40B $4.03B $4.08B $5.14B $8.52B
Net income $822.9M $650.5M $1.21B $1.16B $1.20B $1.59B $1.90B $1.93B $2.42B $4.27B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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