NYSE : APH
Amphenol Corporation — Financial statements
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Financial statements
Amphenol Corporation (APH) reported revenue of 33.05B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 33.05B | 23.09B | 15.22B | 12.55B | 12.62B | 10.88B |
| Cost of Revenue | 20.09B | 14.50B | 10.06B | 8.47B | 8.59B | 7.47B |
| Gross Profit | 12.96B | 8.60B | 5.16B | 4.08B | 4.03B | 3.40B |
| Selling, General & Admin | 2.82B | 1.90B | 1.40B | 1.15B | 1.10B | 915.60M |
| Research & Development | 647.00M | 647.00M | 453.00M | 342.20M | 323.60M | 317.70M |
| Operating Expenses | 3.46B | 2.55B | 1.86B | 1.49B | 1.42B | 1.23B |
| Operating Income | 9.49B | 6.05B | 3.30B | 2.59B | 2.61B | 2.17B |
| Interest Expense | -763.60M | -367.80M | -217.00M | -139.50M | -128.40M | -115.50M |
| Other Non Operating Income (Expenses) | 117.10M | 101.30M | 71.90M | 29.70M | 11.60M | 6.60M |
| EBT Excluding Unusual Items | 8.85B | 5.78B | 3.16B | 2.48B | 2.49B | 2.06B |
| Merger & Restructuring Charges | -335.30M | -181.20M | -145.60M | -34.60M | -21.50M | -70.40M |
| Other Unusual Items | 5.40M | |||||
| Pretax Income | 8.51B | 5.60B | 3.01B | 2.45B | 2.47B | 1.99B |
| Income Tax Expense | 2.52B | 1.30B | 570.30M | 509.30M | 550.60M | 409.10M |
| Earnings From Continuing Operations | 5.99B | 4.31B | 2.44B | 1.95B | 1.92B | 1.58B |
| Earnings From Discontinued Operations | 21.40M | |||||
| Net Income to Company | 5.99B | 4.31B | 2.44B | 1.95B | 1.92B | 1.60B |
| Minority Interest in Earnings | -55.40M | -35.00M | -17.60M | -17.50M | -14.50M | -10.70M |
| Net Income | 5.93B | 4.27B | 2.42B | 1.93B | 1.90B | 1.59B |
| Net Income to Common | 5.93B | 4.27B | 2.42B | 1.93B | 1.90B | 1.59B |
| Shares Outstanding (Basic) | 2.46B | 2.44B | 2.41B | 2.39B | 2.38B | 2.39B |
| Shares Outstanding (Diluted) | 2.58B | 2.56B | 2.53B | 2.48B | 2.48B | 2.50B |
| EPS (Basic) | 2.41 | 1.75 | 1.01 | 0.81 | 0.80 | 0.67 |
| EPS (Diluted) | 2.30 | 1.67 | 0.96 | 0.78 | 0.77 | 0.64 |
| Free Cash Flow | 5.12B | 4.38B | 2.15B | 2.16B | 1.79B | 1.18B |
| Free Cash Flow Per Share | 1.99 | 1.71 | 0.85 | 0.87 | 0.72 | 0.47 |
| Dividend Per Share | 0.50 | 0.37 | 0.28 | 0.21 | 0.20 | 0.16 |
| Gross Margin | 39.21% | 37.22% | 33.88% | 32.53% | 31.91% | 31.28% |
| Operating Margin | 28.73% | 26.19% | 21.70% | 20.66% | 20.64% | 19.94% |
| Profit Margin | 17.95% | 18.49% | 15.92% | 15.36% | 15.07% | 14.63% |
| Free Cash Flow Margin | 15.50% | 18.96% | 14.12% | 17.17% | 14.19% | 10.85% |
| EBITDA | 10.92B | 6.97B | 3.88B | 3.00B | 3.00B | 2.56B |
| EBITDA Margin | 33.04% | 30.18% | 25.46% | 23.90% | 23.76% | 23.57% |
| D&A For EBITDA | 1.42B | 922.40M | 572.50M | 406.40M | 392.90M | 395.60M |
| EBIT | 9.49B | 6.05B | 3.30B | 2.59B | 2.61B | 2.17B |
| EBIT Margin | 28.73% | 26.19% | 21.70% | 20.66% | 20.64% | 19.94% |
| Effective Tax Rate | 29.66% | 23.13% | 18.93% | 20.75% | 22.31% | 20.57% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.17B | 11.13B | 3.32B | 1.48B | 1.37B | 1.20B |
| Short-Term Investments | 1.13B | 303.60M | 18.40M | 185.20M | 61.10M | 44.30M |
| Cash & Short-Term Investments | 5.30B | 11.43B | 3.34B | 1.66B | 1.43B | 1.24B |
| Receivables | 7.78B | 4.72B | 3.29B | 2.62B | 2.63B | 2.45B |
| Inventory | 5.26B | 3.42B | 2.55B | 2.17B | 2.09B | 1.89B |
| Prepaid Expenses | 1.13B | 691.00M | 517.00M | 389.60M | 320.00M | 367.90M |
| Total Current Assets | 19.48B | 20.27B | 9.69B | 6.84B | 6.48B | 5.96B |
| Property, Plant & Equipment | 3.24B | 2.86B | 2.10B | 1.62B | 1.49B | 1.42B |
| Long-Term Investments | 200.00K | 300.00K | 400.00K | 50.80M | ||
| Goodwill | 17.70B | 10.58B | 8.24B | 7.09B | 6.45B | 6.38B |
| Other Intangible Assets | 5.34B | 2.24B | 1.23B | 834.80M | 734.10M | 756.90M |
| Long-Term Deferred Tax Assets | 181.60M | 128.70M | 98.50M | 86.90M | 91.00M | |
| Other Long-Term Assets | 1.26B | 106.50M | 67.70M | 48.80M | 35.40M | 75.30M |
| Total Assets | 47.02B | 36.24B | 21.44B | 16.53B | 15.33B | 14.68B |
| Accounts Payable | 4.87B | 2.66B | 1.82B | 1.35B | 1.31B | 1.31B |
| Accrued Expenses | 3.64B | 2.27B | 1.36B | 1.06B | 984.70M | 851.90M |
| Current Portion of Long-Term Debt | 700.70M | 937.20M | 401.70M | 353.80M | 2.70M | 4.00M |
| Current Portion of Leases | 141.10M | 108.50M | 91.60M | 85.20M | 70.60M | |
| Current Income Taxes Payable | 513.60M | 482.90M | 199.00M | 166.00M | 169.50M | 88.80M |
| Other Current Liabilities | 308.50M | 306.70M | 199.50M | 131.70M | 124.90M | 119.80M |
| Total Current Liabilities | 10.04B | 6.80B | 4.08B | 3.15B | 2.68B | 2.45B |
| Long-Term Debt | 17.17B | 14.56B | 6.48B | 3.98B | 4.58B | 4.80B |
| Long-Term Leases | 424.60M | 285.60M | 212.10M | 208.50M | 180.40M | |
| Pension & Post-Retirement Benefits | 166.30M | 138.20M | 129.80M | 143.00M | 127.90M | 193.40M |
| Long-Term Deferred Tax Liabilities | 1.37B | 432.90M | 376.70M | 367.00M | 409.80M | 424.20M |
| Other Long-Term Liabilities | 1.00B | 363.90M | 223.80M | 241.60M | 234.80M | 258.30M |
| Total Liabilities | 29.75B | 22.73B | 11.58B | 8.10B | 8.23B | 8.30B |
| Common Stock | 2.50M | 1.20M | 1.20M | 1.20M | 600.00K | 600.00K |
| Additional Paid-In Capital | 4.62B | 4.23B | 3.60B | 3.10B | 2.65B | 2.41B |
| Retained Earnings | 13.09B | 9.85B | 7.11B | 5.92B | 4.98B | 4.28B |
| Treasury Stock | -210.70M | -195.80M | -199.70M | -142.80M | -79.80M | -100.00M |
| Comprehensive Income & Other | -375.70M | -479.50M | -716.30M | -533.60M | -535.00M | -286.50M |
| Total Common Equity | 17.12B | 13.41B | 9.79B | 8.35B | 7.02B | 6.30B |
| Minority Interest | 147.90M | 96.60M | 64.10M | 80.00M | 78.50M | 77.10M |
| Shareholders' Equity | 17.27B | 13.51B | 9.86B | 8.43B | 7.09B | 6.38B |
| Total Liabilities & Equity | 47.02B | 36.24B | 21.44B | 16.53B | 15.33B | 14.68B |
| Total Debt | 17.87B | 16.07B | 7.28B | 4.64B | 4.87B | 5.05B |
| Net Cash (Debt) | -12.57B | -4.63B | -3.94B | -2.98B | -3.44B | -3.81B |
| Net Cash Per Share | -4.87 | -1.81 | -1.56 | -1.20 | -1.38 | -1.52 |
| Filing Date Shares Outstanding | 2.47B | 2.46B | 2.42B | 2.40B | 2.38B | 2.40B |
| Total Common Shares Outstanding | 2.47B | 2.45B | 2.42B | 2.40B | 2.38B | 2.40B |
| Working Capital | 9.44B | 13.46B | 5.60B | 3.68B | 3.80B | 3.51B |
| Book Value Per Share | 6.94 | 5.47 | 4.05 | 3.48 | 2.95 | 2.63 |
| Tangible Book Value | -5.92B | 596.30M | 330.70M | 419.30M | -164.60M | -831.70M |
| Tangible Book Value Per Share | -2.40 | 0.24 | 0.14 | 0.18 | -0.07 | -0.35 |
| Land | 72.50M | 47.70M | 33.90M | 30.20M | 34.90M | |
| Buildings | 702.40M | 543.00M | 483.90M | 428.90M | 420.60M | |
| Machinery | 4.63B | 3.59B | 3.06B | 2.76B | 2.68B | |
| Order Backlog | 8.90B | 6.10B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 5.93B | 4.27B | 2.42B | 1.93B | 1.90B | 1.59B |
| Depreciation & Amortization | 1.42B | 922.40M | 572.50M | 406.40M | 392.90M | 395.60M |
| Stock-Based Compensation | 167.20M | 135.40M | 109.50M | 99.00M | 89.50M | 83.00M |
| Other Operating Activities | 272.00M | -30.60M | -65.20M | -46.70M | 9.80M | -40.30M |
| Change in Accounts Receivable | -2.35B | -964.40M | -586.80M | 146.40M | -273.10M | -398.40M |
| Change in Inventory | -1.29B | -487.40M | -200.10M | 71.40M | -278.50M | -263.00M |
| Change in Accounts Payable | 1.68B | 554.10M | 423.10M | -34.60M | 62.50M | 131.70M |
| Change in Income Taxes | 276.90M | 276.90M | 3.10M | 7.70M | 77.60M | -6.90M |
| Change in Other Net Operating Assets | 375.60M | 698.00M | 134.60M | -48.90M | 191.60M | 31.40M |
| Operating Cash Flow | 6.48B | 5.37B | 2.81B | 2.53B | 2.17B | 1.54B |
| Capital Expenditures | -1.36B | -996.60M | -665.40M | -372.80M | -383.80M | -360.40M |
| Sale of Property, Plant & Equipment | 13.70M | 14.80M | 7.80M | 4.00M | 5.60M | 3.70M |
| Cash Acquisitions | -12.10B | -3.82B | -2.16B | -970.40M | -288.20M | -2.23B |
| Investment in Securities | -1.02B | -281.70M | 163.50M | -59.40M | -81.20M | -8.60M |
| Other Investing Activities | -11.50M | 1.90M | 4.90M | 16.50M | 703.20M | |
| Investing Cash Flow | -14.48B | -5.08B | -2.65B | -1.39B | -731.10M | -1.89B |
| Short-Term Debt Issued | 44.90M | 796.30M | ||||
| Long-Term Debt Issued | 8.92B | 2.99B | 354.90M | 5.80M | 752.10M | |
| Total Debt Issued | 12.42B | 8.92B | 2.99B | 354.90M | 50.70M | 1.55B |
| Short-Term Debt Repaid | -632.60M | -204.20M | ||||
| Long-Term Debt Repaid | -401.70M | -364.40M | -15.70M | -10.30M | -912.60M | |
| Total Debt Repaid | -2.47B | -401.70M | -364.40M | -648.30M | -214.50M | -912.60M |
| Net Debt Issued (Repaid) | 9.94B | 8.52B | 2.63B | -293.40M | -163.80M | 635.80M |
| Issuance of Common Stock | 405.30M | 553.00M | 447.40M | 394.50M | 185.30M | 288.50M |
| Repurchase of Common Stock | -801.90M | -665.20M | -689.30M | -585.10M | -730.50M | -661.70M |
| Common Dividends Paid | -1.12B | -802.20M | -595.10M | -500.60M | -477.40M | -346.70M |
| Other Financing Activities | -154.20M | -182.40M | -60.00M | -27.80M | -10.30M | -61.10M |
| Financing Cash Flow | 8.27B | 7.42B | 1.73B | -1.01B | -1.20B | -145.20M |
| Foreign Exchange Rate Adjustments | 106.90M | 97.80M | -54.00M | -20.70M | -70.80M | -12.30M |
| Net Cash Flow | 373.80M | 7.81B | 1.84B | 101.90M | 176.00M | -504.90M |
| Free Cash Flow | 5.12B | 4.38B | 2.15B | 2.16B | 1.79B | 1.18B |
| Free Cash Flow Margin | 15.50% | 18.96% | 14.12% | 17.17% | 14.19% | 10.85% |
| Free Cash Flow Per Share | 1.99 | 1.71 | 0.85 | 0.87 | 0.72 | 0.47 |
| Levered Free Cash Flow | 4.30B | 3.28B | 1.64B | 1.66B | 1.53B | 803.73M |
| Unlevered Free Cash Flow | 4.77B | 3.51B | 1.77B | 1.74B | 1.61B | 875.91M |
| Cash Interest Paid | 620.30M | 288.10M | 179.50M | 129.20M | 123.70M | 111.90M |
| Cash Income Tax Paid | 2.06B | 1.08B | 650.00M | 560.40M | 477.70M | 445.60M |
| Change in Working Capital | -1.32B | 77.20M | -226.10M | 142.00M | -219.90M | -505.20M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 197.15B | 165.42B | 83.73B | 59.31B | 45.31B | 52.30B |
| Enterprise Value | 209.72B | 169.68B | 87.70B | 61.95B | 48.89B | 56.31B |
| Last Close Price | 79.84 | 67.23 | 34.29 | 24.26 | 18.45 | 20.96 |
| PE Ratio | 34.72 | 38.74 | 34.54 | 30.76 | 23.82 | 32.88 |
| Forward PE | 22.90 | 35.36 | 33.84 | 31.71 | 25.43 | 35.42 |
| PS Ratio | 5.97 | 7.16 | 5.50 | 4.72 | 3.59 | 4.81 |
| PB Ratio | 11.51 | 12.24 | 8.49 | 7.04 | 6.39 | 8.20 |
| P/TBV Ratio | 277.41 | 253.19 | 141.45 | |||
| P/FCF Ratio | 38.49 | 37.78 | 38.96 | 27.51 | 25.30 | 44.34 |
| P/OCF Ratio | 30.43 | 30.78 | 29.75 | 23.45 | 20.84 | 33.96 |
| PEG Ratio | 1.11 | 1.39 | 1.80 | 6.15 | 2.35 | 2.46 |
| EV/Sales Ratio | 6.35 | 7.35 | 5.76 | 4.93 | 3.87 | 5.18 |
| EV/EBITDA Ratio | 19.21 | 24.34 | 22.63 | 20.65 | 16.30 | 21.96 |
| EV/EBIT Ratio | 22.09 | 28.05 | 26.56 | 23.88 | 18.76 | 25.97 |
| EV/FCF Ratio | 40.95 | 38.76 | 40.81 | 28.73 | 27.30 | 47.73 |
| Debt / Equity Ratio | 1.03 | 1.19 | 0.74 | 0.55 | 0.69 | 0.79 |
| Debt / EBITDA Ratio | 1.61 | 2.24 | 1.81 | 1.48 | 1.56 | 1.88 |
| Debt / FCF Ratio | 3.49 | 3.67 | 3.39 | 2.15 | 2.72 | 4.28 |
| Net Debt / Equity Ratio | 0.73 | 0.34 | 0.40 | 0.35 | 0.48 | 0.60 |
| Net Debt / EBITDA Ratio | 1.15 | 0.67 | 1.02 | 0.99 | 1.15 | 1.49 |
| Net Debt / FCF Ratio | 2.45 | 1.06 | 1.83 | 1.38 | 1.92 | 3.23 |
| Asset Turnover | 0.89 | 0.80 | 0.80 | 0.79 | 0.84 | 0.81 |
| Inventory Turnover | 4.69 | 4.86 | 4.27 | 3.98 | 4.31 | 4.45 |
| Quick Ratio | 1.30 | 2.37 | 1.62 | 1.36 | 1.52 | 1.51 |
| Current Ratio | 1.94 | 2.98 | 2.37 | 2.17 | 2.42 | 2.44 |
| Return on Equity (ROE) | 40.08% | 36.85% | 26.71% | 25.07% | 28.45% | 26.71% |
| Return on Assets (ROA) | 16.00% | 13.11% | 10.87% | 10.18% | 10.85% | 10.04% |
| Return on Invested Capital (ROIC) | 22.69% | 29.11% | 21.24% | 18.74% | 19.54% | 19.14% |
| Return on Capital Employed (ROCE) | 25.70% | 20.50% | 19.00% | 19.40% | 20.60% | 17.70% |
| Earnings Yield | 2.88% | 2.58% | 2.90% | 3.25% | 4.20% | 3.04% |
| FCF Yield | 2.60% | 2.65% | 2.57% | 3.64% | 3.95% | 2.25% |
| Dividend Yield | 0.75% | 0.55% | 0.79% | 0.86% | 1.06% | 0.73% |
| Payout Ratio | 22.83% | 18.79% | 24.55% | 25.96% | 25.10% | 21.79% |
| Buyback Yield / Dilution | -1.36% | -1.10% | -1.80% | 0.06% | 0.72% | -1.71% |
| Total Shareholder Return | -0.61% | -0.55% | -1.01% | 0.92% | 1.78% | -0.98% |