Is the business good?
How good a business is APH?
Amphenol earns 21% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
21%
Return on invested capital · cost of capital 9.0% · 12 points above what the capital costs: growth creates value
- Operating margin
- 27%
Operating margin · Electronic Components median 9.6% · 12 months to Q2 2026
- Cash conversion
- 0.92×
Cash conversion · 0.89× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +1.3%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 19% |
| FY2021 | 19% |
| FY2022 | 20% |
| FY2023 | 20% |
| FY2024 | 21% |
| FY2025 | 25% |
Details›
- Gross margin12 months to Q2 2026
- 39%
- Operating margin12 months to Q2 2026
- 27%
- Net margin12 months to Q2 2026
- 18%
- Free cash flow margin
- 16%
- Revenue, trailing twelve months
- $29.0B
- Free cash flow, trailing twelve months
- $4.71B
- Net income, trailing twelve months
- $5.14B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 21%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Electronic Components
Ranks #1 of 23 by Smart Score