Amphenol Corporation, together with its subsidiaries, designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Communications Solutions, Harsh Environment Solutions, and Interconnect and Sensor Systems. The company offers connectors and connector systems, including high speed, radio frequency, power, fiber optic and other interconnect products; busbars and power distribution systems; power interconnect products; and other products. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; and other products comprising flexible and rigid printed circuit boards, hinges, other mechanical, and production related products. In addition, the company offers consumer device, network infrastructure, and other antennas; coaxial, power, and specialty cables; and sensors and sensor-based products. It sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, commercial aerospace, communications networks, defense, industrial, information technology and data communications, mobile devices markets. Additionally, the company provides telecommunication and IT networking solutions. The company was founded in 1932 and is headquartered in Wallingford, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $23.1B | $6.9B | $4.3B | $4.4B | 31.8% | 51.7% | 76.2% |
| 2024 | $15.2B | $3.8B | $2.4B | $2.1B | 24.8% | 21.3% | 25.7% |
| 2023 | $12.6B | $3.0B | $1.9B | $2.2B | 23.1% | -0.5% | 1.4% |
| 2022 | $12.6B | $3.0B | $1.9B | $1.8B | 27.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 12,623 | 12,554.70 | 15,222.70 | 23,094.70 |
| Operating Revenue | - | 12,623 | 12,554.70 | 15,222.70 | 23,094.70 |
| Cost Of Revenue | - | 8,594.80 | 8,470.60 | 10,083 | 14,577 |
| Gross Profit | - | 4,028.20 | 4,084.10 | 5,139.70 | 8,517.70 |
| Operating Expense | - | 1,420.90 | 1,489.90 | 1,855.40 | 2,545.70 |
| Selling General And Administration | - | 1,420.90 | 1,489.90 | 1,855.40 | 2,545.70 |
| Total Expenses | - | 10,015.70 | 9,960.50 | 11,938.40 | 17,122.70 |
| Operating Income | - | 2,607.30 | 2,594.20 | 3,284.30 | 5,972 |
| Total Operating Income As Reported | - | 2,585.80 | 2,559.60 | 3,156.90 | 5,868.60 |
| EBITDA | - | 2,988.70 | 3,000.70 | 3,801.40 | 6,890.90 |
| Normalized EBITDA | - | 3,010.20 | 3,029.90 | 3,928.80 | 6,994.30 |
| EBIT | - | 2,595.80 | 2,594.30 | 3,228.90 | 5,968.50 |
| Interest Expense | - | 128.40 | 139.50 | 217 | 367.80 |
| Net Interest Income | - | -128.40 | -139.50 | -217 | -367.80 |
| Other Non Operating Income Expenses | - | 10 | 29.30 | 72 | 99.90 |
| Other Income Expense | - | -11.50 | 0.10 | -55.40 | -3.50 |
| Interest Expense Non Operating | - | 128.40 | 139.50 | 217 | 367.80 |
| Net Non Operating Interest Income Expense | - | -128.40 | -139.50 | -217 | -367.80 |
| Pretax Income | - | 2,467.40 | 2,454.80 | 3,011.90 | 5,600.70 |
| Tax Provision | - | 550.60 | 509.30 | 570.30 | 1,295.40 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -4.79 | -6.04 | -24.12 | -23.92 |
| Net Income Continuous Operations | - | 1,916.80 | 1,945.50 | 2,441.60 | 4,305.30 |
| Net Income From Continuing And Discontinued Operation | - | 1,902.30 | 1,928 | 2,424 | 4,270.30 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,902.30 | 1,928 | 2,424 | 4,270.30 |
| Net Income | - | 1,902.30 | 1,928 | 2,424 | 4,270.30 |
| Net Income Common Stockholders | - | 1,902.30 | 1,928 | 2,424 | 4,270.30 |
| Net Income Including Noncontrolling Interests | - | 1,916.80 | 1,945.50 | 2,441.60 | 4,305.30 |
| Normalized Income | - | 1,919.01 | 1,951.16 | 2,527.28 | 4,349.78 |
| Diluted NI Availto Com Stockholders | - | 1,902.30 | 1,928 | 2,424 | 4,270.30 |
| Basic Average Shares | - | 1,192.40 | 1,193 | 1,203.80 | 1,218.20 |
| Diluted Average Shares | - | 1,242 | 1,241.20 | 1,263.60 | 1,277.50 |
| Reconciled Depreciation | - | 392.90 | 406.40 | 572.50 | 922.40 |
| Reconciled Cost Of Revenue | - | 8,594.80 | 8,470.60 | 10,083 | 14,577 |
| Total Unusual Items | - | -21.50 | -29.20 | -127.40 | -103.40 |
| Total Unusual Items Excluding Goodwill | - | -21.50 | -29.20 | -127.40 | -103.40 |
| Minority Interests | - | -14.50 | -17.50 | -17.60 | -35 |
| Net Income Discontinuous Operations | 21.40 | 0 | 0 | - | - |
| Special Income Charges | - | -21.50 | -29.20 | -127.40 | -103.40 |
| Restructuring And Mergern Acquisition | - | 21.50 | 29.20 | 127.40 | 103.40 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Amphenol Corporationthis co. | APH | $180.6B | 42.28β discount | 13.46 | 31.8% | 26.84 |
| Seagate Technology Holdings plc | STX | $209.5B | 142.62 | -462.49 | -324.3% | 102.45 |
| Arista Networks, Inc. | ANET | $209.0B | 59.53 | 16.90 | 28.4% | 50.48 |
| Analog Devices, Inc. | ADI | $208.8B | 92.11 | 6.18 | 6.7% | 42.76 |
| Western Digital Corporation | WDC | $198.4B |
| - |
| - |
| - |
| - |
| - |
| 107.81 |
| 35.81 |
| 33.2% |
| 103.70 |
| CrowdStrike Holdings, Inc. | CRWD | $183.1B | -1126.48 | 41.34 | -3.7% | 978.97 |
| Corning Incorporated | GLW | $170.1B | 106.61 | 14.41 | 13.5% | 47.66 |
| Salesforce, Inc. | CRM | $154.6B | 20.73 | 2.61 | 12.6% | 13.10 |
| Shopify Inc. | SHOP | $150.6B | 122.32 | 11.18 | 9.1% | 77.89 |
| Peer Median | - | 99.36 | 12.79 | 10.9% | 64.19 | |