Screener / SEC EDGAR /CIK 0000820313 /10-K filed Feb 11, 2026, compared with Feb 7, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
NYSE Technology · Electronic Components

Amphenol APH

Employees
170,000
Headquarters
Wallingford, CT
CEO
Richard Adam Norwitt
Next results
around Jan 27, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $23.1B through the costs to a net profit of $4.3B · income statement of the 10-K

25% operating margin
Revenue to Gross profit: $8.5BRevenue to Cost of revenue: $14.6BGross profit to Operating profit: $5.9BGross profit to Operating expenses: $2.6BOperating profit to Net profit: $4.3BOperating profit to Tax & other: $1.6BOperating expenses to R&D: $647.0MOperating expenses to Sales, admin & other: $2.0B Revenue: $23.1B REVENUE $23.1B +52% Y/Y Gross profit: $8.5B · 37% margin GROSS PROFIT $8.5B 37% margin · +66% Y/Y Cost of revenue: $14.6B · 63% of revenue COST OF REVENUE $14.6B 63% of revenue Operating profit: $5.9B · 25% margin OPERATING PROFIT $5.9B 25% margin · +86% Y/Y Operating expenses: $2.6B · 11% of revenue OPERATING EXPENSES $2.6B 11% of revenue Net profit: $4.3B · 18% margin NET PROFIT $4.3B 18% margin · +76% Y/Y Tax & other: $1.6B · 7% of revenue TAX & OTHER $1.6B 7% of revenue R&D: $647.0M · 3% of revenue R&D $647.0M 3% of revenue Sales, admin & other: $2.0B · 9% of revenue SALES, ADMIN & OTHER $2.0B 9% of revenue
Gross profit $8.5B 37% margin · +66% Y/Y
Operating profit $5.9B 25% margin · +86% Y/Y
Net profit $4.3B 18% margin · +76% Y/Y
The full income statement, year by year

APH among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 51.7%, above 92% of 74 peers (their median 14.0%) REVENUE GROWTH 51.7% · above 92% Gross margin: 38.8%, above 16% of 67 peers (their median 58.0%) GROSS MARGIN 38.8% · above 16% Operating margin: 27.7%, above 61% of 70 peers (their median 22.2%) OPERATING MARGIN 27.7% · above 61% Net margin: 18.0%, above 47% of 74 peers (their median 19.2%) NET MARGIN 18.0% · above 47% FCF margin: 15.5%, above 26% of 70 peers (their median 23.7%) FCF MARGIN 15.5% · above 26% Return on capital: 12.9%, above 52% of 61 peers (their median 12.6%) RETURN ON CAPITAL 12.9% · above 52%
APH Peer median Below the median

What changed

5 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 11, 2026 against Feb 7, 2025.

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Critical audit matters changed
    New this year: Determining if there is any relevant additional information available that was not identified and considered in management’s assessment (“o Assessing the technical merits of a sample of positions identified and the reasonableness of the methodology used to determine the unrecognized tax benefit.”). No longer listed: Reviewing other available relevant information. Same as last year: Income Taxes - Unrecognized Tax Benefits; Evaluating former and ongoing tax audits and notices by tax authorities; Evaluating transactions for which third-party tax advice or tax opinions were received
  • Receivables +43.5% vs revenue +51.7% (-8.2 pts)
9 more checks with nothing to note
  • Cash from operations $5.4B vs net income $4.3B (FY ending Dec 31, 2025)
  • Inventory +34.5% vs revenue +51.7% (-17.2 pts)
  • Same auditor in both 10-Ks: Deloitte & Touche LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

5 paragraphs in Risk Factors that were not in the 10-K filed Feb 7, 2025. Quoted as filed.

All 5 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 7, 2025 10-K, ITEM 1A
    In the course of operating our business, we and certain of our third-party providers collect, maintain and process data about customers, employees, suppliers and others, including personally identifiable information. We are therefore subject to a variety of laws, regulations and other requirements relating to information security and…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 7, 2025 10-K, ITEM 1A
    Financing a portion of the consideration of the CommScope acquisition resulted in an increase in the Company’s debt and interest expense, which could adversely affect the Company’s results of operations, cash flows and financial condition. Financing a portion of the consideration of the CommScope acquisition resulted in a significant…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 7, 2025 10-K, ITEM 1A
    In 2025, certain of the Company’s subsidiaries based in China received notices from relevant tax authorities challenging certain of the Company’s tax positions taken over up to an eight-year period. Although the Company believes its tax positions are appropriate and is currently discussing the matter with the relevant tax authorities,…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 7, 2025 10-K, ITEM 1A
    On July 4, 2025, the U.S. federal government enacted the tax and spending bill H.R. 1. This legislation contains changes to previously enacted provisions of the Internal Revenue Code and provides for extensions of certain expiring tax provisions included in the Tax Cuts and Jobs Act. Certain corporate tax provisions in H.R. 1 were…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$12.6B$12.6B$15.2B$23.1B
Net income$1.9B$1.9B$2.4B$4.3B
Operating cash flow$2.2B$2.5B$2.8B$5.4B
Free cash flow$1.8B$2.2B$2.1B$4.4B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$23.1B ▲ 51.7% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Amphenol, Wallingford, CT · from the 10-K filed Feb 11, 2026

Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial, high-speed, fiber optic and specialty cable. The Company estimates, based on recent reports of industry analysts, that worldwide sales of interconnect, value-add cable assembly, antenna, cable and sensor-related products were approximately $500 billion in 2025.

Headquarters
Wallingford, CT
Country
United States
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 28, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, the Company had approximately 170,000 employees worldwide, of which approximately 15,000 were located in the United States" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 11, 2026 (open at SEC), compared with the 10-K filed Feb 7, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/APH/export.csv") into a cell.