Amphenol Corp
APH—
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Amphenol Corp AI Insights
Informational only. Not investment advice.Snapshot
- EPS growth 91% (1yr) vs revenue growth implied by 21B TTM - massive operating leverage driving earnings expansion far beyond topline[EPS Growth 1yr]
- ROIC 21.5% TTM on 20.6B invested capital while industry median is negative - exceptional capital allocation in commoditized sector[ROIC TTM]
- Goodwill 9.9B is 79% of 12.5B equity - M&A-driven growth creates impairment risk if acquired businesses underperform[Goodwill]
Watch Triggers
- Operating Margin TTM: Falls below 22% — Margin compression would signal pricing power erosion or mix shift to lower-value products
- EPS Growth 1yr: Decelerates below 15% — Current 45x P/E requires sustained earnings growth; deceleration triggers multiple compression
- Goodwill: Impairment charge announced — Would directly reduce 12.5B equity base and signal M&A strategy failure
Bull Case
Best-in-class profitability: 24.6% operating margin is 120x industry median, with 21.5% ROIC proving pricing power across connector portfolio
Operating Margin TTMROIC TTMNet Margin TTM
Strong FCF generation: 3.6B FCF TTM at 17% yield on invested capital funds dividends, buybacks, and bolt-on M&A without leverage strain
Free Cash Flow TTMDebt to EquityCash Flow TTM
Bear Case
Premium valuation: P/E 45.6x vs industry 28.8x median and P/S 8.5x vs 2.1x leaves no margin of safety if growth decelerates
PE RatioPS RatioPCF Ratio
Acquisition dependency: 9.9B goodwill (79% of equity) means tangible book is only 669M - integration missteps would crush equity value
GoodwillTangible Book ValueCommon Stockholders Equity
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
Margin expansion likely to continue as AI/datacom mix shift accelerates high-value product revenue
1-3ymed
- Operating margin 24.6% TTM vs industry median -0.2%
- 5yr EPS CAGR 28% exceeds revenue growth trajectory
- FCF conversion 79% of operating cash flow
Net margin 18.2% TTM vs industry 0.2%Gross margin 35.9% stable despite scaleCapex only 4.5% of revenue TTM
Valuation Context
Caveats
APH Fundamentals
Manufacturing → Electrical Equipment, Appliance, and Component Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$189.21B | — | ||
$203.83B | — | ||
44 | — | ||
$25.9B | +54.4% | — | |
$3.48 | +65.1% | — | |
26.5% | +4.6% | — | |
17.2% | +1.7% | — | |
$4.63B | +108.6% | — | |
36.8% | +9.3% | — | |
Beta 5Y (Monthly) | unknown | — |
APH Dividend History
86 dividends
2026
$0.500006/23/26$0.2500
03/23/26$0.2500
2025
$0.745012/16/25$0.2500
09/16/25$0.1650
06/17/25$0.1650
03/18/25$0.1650
2024
$0.550012/17/24$0.1650
09/17/24$0.1650
06/18/24$0.1100
03/18/24$0.1100
2023
$0.425012/18/23$0.1100
09/18/23$0.1050
06/16/23$0.1050
03/20/23$0.1050
2022
$0.405012/19/22$0.1050
09/19/22$0.1000
06/17/22$0.1000
03/21/22$0.1000
2021
$0.390012/20/21$0.1000
09/20/21$0.0725
06/21/21$0.0725
03/22/21$0.1450
2020
$0.260012/14/20$0.0725
09/14/20$0.0625
06/15/20$0.0625
03/16/20$0.0625
2019
$0.240012/16/19$0.0625
09/16/19$0.0625
06/18/19$0.0575
03/18/19$0.0575
2018
$0.220012/14/18$0.0575
09/14/18$0.0575
06/15/18$0.0575
03/16/18$0.0475
2017
$0.175012/15/17$0.0475
09/15/17$0.0475
06/15/17$0.0400
03/16/17$0.0400
2016
$0.145012/09/16$0.0400
09/09/16$0.0350
06/10/16$0.0350
03/11/16$0.0350
2015
$0.132512/11/15$0.0350
09/04/15$0.0350
06/08/15$0.0313
03/09/15$0.0313
2014
$0.112512/03/14$0.0313
09/08/14$0.0313
06/09/14$0.0250
03/10/14$0.0250
2013
$0.076312/09/13$0.0250
09/09/13$0.0250
06/10/13$0.0131
03/11/13$0.0131
2012
$0.052512/10/12$0.0131
09/10/12$0.0131
06/11/12$0.0131
03/12/12$0.0131
2011
$0.007512/12/11$0.0019
09/12/11$0.0019
06/13/11$0.0019
03/14/11$0.0019
2010
$0.007512/13/10$0.0019
09/13/10$0.0019
06/14/10$0.0019
03/15/10$0.0019
2009
$0.007512/14/09$0.0019
09/14/09$0.0019
06/08/09$0.0019
03/09/09$0.0019
2008
$0.007512/15/08$0.0019
09/08/08$0.0019
06/09/08$0.0019
03/10/08$0.0019
2007
$0.009412/10/07$0.0019
09/10/07$0.0019
06/11/07$0.0019
03/12/07$0.0038
2006
$0.007512/11/06$0.0019
09/11/06$0.0019
06/12/06$0.0019
03/13/06$0.0019
2005
$0.007512/12/05$0.0019
09/12/05$0.0019
06/15/05$0.0019
03/11/05$0.0019
APH Stock Splits
5 stock splits
06/12/241:2 split
03/05/211:2 split
10/10/141:2 split
04/02/070.5:1 split
03/30/040.5:1 split
APH SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/01/26 | 03/31/26 | 10-Q | |
02/11/26 | 12/31/25 | 10-K | |
10/24/25 | 09/30/25 | 10-Q | |
07/25/25 | 06/30/25 | 10-Q | |
04/25/25 | 03/31/25 | 10-Q | |
02/07/25 | 12/31/24 | Unknown | |
10/25/24 | 09/30/24 | 10-Q | |
07/26/24 | 06/30/24 | 10-Q | |
04/26/24 | 03/31/24 | 10-Q | |
02/07/24 | 12/31/23 | 10-K | |
10/27/23 | 09/30/23 | 10-Q | |
07/28/23 | 06/30/23 | 10-Q | |
04/28/23 | 03/31/23 | 10-Q | |
02/08/23 | 12/31/22 | 10-K | |
10/28/22 | 09/30/22 | 10-Q | |
07/29/22 | 06/30/22 | 10-Q | |
04/29/22 | 03/31/22 | 10-Q | |
02/09/22 | 12/31/21 | 10-K | |
10/29/21 | 09/30/21 | 10-Q | |
07/30/21 | 06/30/21 | 10-Q | |
04/30/21 | 03/31/21 | 10-Q | |
02/10/21 | 12/31/20 | 10-K | |
10/23/20 | 09/30/20 | 10-Q | |
07/24/20 | 06/30/20 | 10-Q | |
04/24/20 | 03/31/20 | 10-Q | |
02/12/20 | 12/31/19 | 10-K | |
10/25/19 | 09/30/19 | 10-Q | |
07/26/19 | 06/30/19 | 10-Q | |
04/26/19 | 03/31/19 | 10-Q | |
02/13/19 | 12/31/18 | 10-K | |
10/26/18 | 09/30/18 | 10-Q | |
07/31/18 | 06/30/18 | 10-Q | |
05/03/18 | 03/31/18 | 10-Q | |
02/21/18 | 12/31/17 | 10-K | |
11/02/17 | 09/30/17 | 10-Q | |
08/03/17 | 06/30/17 | 10-Q | |
05/04/17 | 03/31/17 | 10-Q | |
02/17/17 | 12/31/16 | 10-K | |
11/03/16 | 09/30/16 | 10-Q | |
08/04/16 | 06/30/16 | 10-Q | |
05/05/16 | 03/31/16 | 10-Q | |
02/19/16 | 12/31/15 | 10-K | |
11/05/15 | 09/30/15 | 10-Q | |
08/07/15 | 06/30/15 | 10-Q | |
05/08/15 | 03/31/15 | 10-Q | |
02/20/15 | 12/31/14 | 10-K | |
11/05/14 | 09/30/14 | 10-Q | |
08/06/14 | 06/30/14 | 10-Q | |
05/07/14 | 03/31/14 | 10-Q | |
02/21/14 | 12/31/13 | 10-K | |
11/01/13 | 09/30/13 | 10-Q | |
08/02/13 | 06/30/13 | 10-Q | |
05/03/13 | 03/31/13 | 10-Q | |
02/22/13 | 12/31/12 | 10-K | |
11/02/12 | 09/30/12 | 10-Q | |
08/03/12 | 06/30/12 | 10-Q | |
05/04/12 | 03/31/12 | 10-Q | |
02/24/12 | 12/31/11 | 10-K | |
11/04/11 | 09/30/11 | 10-Q | |
08/05/11 | 06/30/11 | 10-Q | |
05/09/11 | 03/31/11 | 10-Q | |
02/28/11 | 12/31/10 | 10-K | |
11/05/10 | 09/30/10 | 10-Q | |
08/06/10 | 06/30/10 | 10-Q | |
05/06/10 | 03/31/10 | 10-Q | |
02/23/10 | 12/31/09 | 10-K | |
10/26/09 | 09/30/09 | 10-Q | |
08/06/09 | 06/30/09 | 10-Q | |
05/06/09 | 03/31/09 | 10-Q | |
02/23/09 | 12/31/08 | 10-K | |
11/06/08 | 09/30/08 | 10-Q | |
08/08/08 | 06/30/08 | 10-Q | |
05/09/08 | 03/30/08 | Unknown | -- |
02/26/08 | 12/31/07 | 10-K | |
11/02/07 | 09/30/07 | 10-Q | |
08/03/07 | 06/30/07 | 10-Q | |
05/04/07 | 03/30/07 | Unknown | -- |
02/21/07 | 12/31/06 | 10-K | |
11/03/06 | 09/30/06 | 10-Q | |
08/04/06 | 06/30/06 | 10-Q | |
05/08/06 | 03/30/06 | Unknown | -- |
03/16/06 | 12/31/05 | 10-K | |
11/09/05 | 09/30/05 | 10-Q | |
08/09/05 | 06/30/05 | 10-Q | |
05/10/05 | 03/30/05 | Unknown | -- |
03/15/05 | 12/31/04 | 8-K | |
11/05/04 | 09/30/04 | 8-K | |
08/09/04 | 06/30/04 | 10-Q | |
05/07/04 | 03/30/04 | Unknown | -- |
02/09/04 | 12/31/03 | 10-K | |
11/14/03 | 09/30/03 | 10-Q | |
08/05/03 | 06/30/03 | 10-Q | |
04/22/03 | 03/30/03 | Unknown | -- |
03/28/03 | 12/31/02 | 10-K | |
11/14/02 | 09/30/02 | 10-Q | |
08/14/02 | 06/30/02 | 10-Q | |
05/15/02 | 03/30/02 | Unknown | -- |
03/28/02 | 12/31/01 | 10-K | |
11/14/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/14/01 | 03/30/01 | Unknown | -- |
03/30/01 | 12/31/00 | 10-K | |
11/14/00 | 09/30/00 | 10-Q | |
08/11/00 | 06/30/00 | 10-Q | |
05/01/00 | 03/30/00 | Unknown | -- |