Amphenol is a global supplier of connectors, sensors, and interconnect systems. It holds the second-largest connector market share globally and sells into the automotive, broadband, commercial air, industrial, IT and data communications, military, mobile devices, and mobile networks end markets.
It is a $215B technology company. Revenue grew 54.2% over the last year, it keeps 18¢ of every dollar of sales as profit, and its net debt equals ~0.9 years of free cash flow. It trades at 41.8× earnings — in the most expensive third of its own history.
- Website
- amphenol.com
- Location
- Wallingford, CT
- Employees
- 170 000
- Sector
- Technology
- Founded
- 1932
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability, health, quality and moat; Valuation lags behind.
Valuation27
- P/E vs own history75th pct · 5/25
- FCF yield2.2% · 5/25
- P/S7.4x · 12/25
- EV/EBITDA25.1x · 5/25
Growth100
- Revenue CAGR20.7% · 25/25
- Net income CAGR28.0% · 25/25
- EPS CAGR ~5Y27.9% · 25/25
- Fwd implied growth56.7% · 25/25
Profitability90
- ROIC24.4% · 20/25
- ROE37.1% · 25/25
- Net margin17.7% · 20/25
- Operating margin27.0% · 25/25
Health80
- Altman Z5.90 · 25/25
- Current ratio1.89 · 18/25
- Interest coverage16.2x · 25/25
- Net cash / debtD/A 11% · 12/25
Quality81
- Piotroski F7/9 · 22/25
- Beneish M-2.02 · 12/25
- FCF conversion92% · 22/25
- Margin stabilityσ 2.8% · 25/25
Moat81
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin32.4% · 13/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 9.3% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026AcquisitionAmphenol acquired the connectivity and cable business unit of CommScope for $10.5 billion
- FY2025FinancialBest year on record$4.27B net income
- 2025AcquisitionAmphenol acquired the Outdoor Wireless Networks and Distributed Antenna Systems businesses of…
- 2024AcquisitionAmphenol acquired Carlisle Interconnect Technology from Carlisle Companies for $2 billion
- FY2021FinancialRevenue crossed $10B$10.9B for the year
- 2021AcquisitionAmphenol acquired MTS Systems Corporation for $1.7 billion
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$6.29B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2016AcquisitionAmphenol acquired FCI Asia from affiliates of Bain Capital for $1.275 billion
- 1967AcquisitionBunker Ramo acquired the company and Amphenol operated as a subsidiary
- 1957IPOThe company became a public company via an initial public offering
- 1951ProductAmphenol engineers, including Paul Neill and Carl Concelman, developed the BNC connector
- 1942MilestoneThe company was renamed Amphenol Electronics Corporation
- 1932FoundedAmphenol was founded as American Phenolic Corporation Chicago in 1932 by Arthur J
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 54.2% year over year
- Strong cash conversion — FCF is 16.2% of revenue
- Interest covered 16.2× by operating earnings
- High returns on invested capital (ROIC 24.4%)
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+54.2% YoY
- Profitable — makes more than it spends$5.14B TTM
- Profit growing — earnings are higher than last year+29.7% YoY
- Generates cash — cash left after running and investing$4.71B TTM
- Debt under control — could handle its obligations~0.9y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$215B market cap
- Not printing shares — share count not ballooning — you keep your slice+3.9% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 5.9 — safe
- Pays a dividend — returns cash to shareholdersyield 0.47%
- Valuation not extreme — price not wildly above earningsP/E 41.8
Peer comparisonAmphenol Corporation vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| APH this company | $215.0B | 41.8 | +54.2% | 17.7% | Strong |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: APH vs NVDA · APH vs AAPL · APH vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/APH
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Deeper analysis of APH on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $87.20 · market cap $215B.