APHNYSEElectronic ConnectorsFiscal year ends December 31
AMPHENOL CORP /DE/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$80.28+0.93 (+1.17%)
Close on Oct 19, 2026
- Market cap
- $103.50B
- P/E (TTM)
- 20.1
- Dividend yield
- 0.93%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
36.9%+5.9 pts over 5 years
Operating margin
25.4%+6.4 pts over 5 years
Net margin
18.5%+4.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +51.7% | +22.3% | +21.8% | +15.3% | |
| Gross profit | +65.7% | +28.4% | +26.2% | +17.0% | |
| Operating income | +85.9% | +31.4% | +29.1% | +18.2% | |
| Net income | +76.2% | +30.9% | +28.8% | +18.8% | |
| EPS, diluted | +74.0% | +29.7% | +27.8% | +18.7% | |
| Free cash flow | +103.7% | +34.7% | +27.2% | +17.7% | |
| Dividend per share | +35.5% | +22.5% | +23.4% | +18.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 23.8% | 24.3% | 36.8% | |
| Return on assets | 10.3% | 10.4% | 14.8% | |
| Current ratio | 2.20 | 2.38 | 2.98 | |
| Debt to equity | 0.82 | 0.72 | 1.16 | |
| Net debt to EBITDA | 1.39× | 1.11× | 0.64× | |
| Interest coverage | 16.6× | 14.2× | 16.0× | |
| Inventory turnover | 4.8× | 4.3× | 4.9× | |
| Capex to revenue | 3.0% | 3.2% | 4.3% | |
| Diluted shares | 1.26B | 1.23B | 1.28B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Amphenol generated $14.43B from operations and spent $8.83B on capital expenditure, dividends and share buybacks. 31% of that went back into the business.
Generated
$14.43B
Used
$8.83B
Capital expenditure$2.78B31%Dividends$2.72B31%Share buybacks$3.33B38%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.5%
×Asset turnover0.80×
×Equity multiplier2.49×
=Return on equity, FY202536.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.5% | 0.80× | 2.49× | 36.8% |
| FY2024 | 15.9% | 0.80× | 2.09× | 26.7% |
| FY2023 | 15.4% | 0.79× | 2.07× | 25.1% |
| FY2022 | 15.1% | 0.84× | 2.25× | 28.6% |
| FY2021 | 14.6% | 0.81× | 2.31× | 27.2% |
| FY2020 | 14.0% | 0.74× | 2.33× | 24.3% |
| FY2019 | 14.0% | 0.79× | 2.44× | 27.0% |
| FY2018 | 14.7% | 0.82× | 2.50× | 30.1% |
| FY2017 | 9.3% | 0.76× | 2.41× | 17.0% |
| FY2016 | 13.1% | 0.79× | 2.31× | 23.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$4.27B
- Cash generatingOperating cash flow above zero$5.37B
- Return on assets improvedROA up on the prior year14.7% → 19.9%
- Earnings backed by cashOperating cash flow above net income$5.37B vs $4.27B
- Less leverageLong-term debt to assets fell30.2% → 40.2%
- Better liquidityCurrent ratio rose2.37 → 2.98
- No dilutionShare count did not rise1.26B → 1.28B
- Gross margin improvedGross margin up on the prior year33.76% → 36.88%
- More efficientAsset turnover rose0.92 → 1.08