Amphenol (APH)
Market Price (10/26/2025): $133.82 | Market Cap: $163.5 BilSector: Information Technology | Industry: Electronic Components
Amphenol (APH)
Market Price (10/26/2025): $133.82Market Cap: $163.5 BilSector: Information TechnologyIndustry: Electronic Components
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 47% | Trading close to highsDist 52W High is -1.1%, Dist 3Y High is -1.1% | Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 52% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%, CFO LTM is 4.5 Bil, FCF LTM is 3.6 Bil | ||
| Low stock price volatilityVol 12M is 35% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 47% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%, CFO LTM is 4.5 Bil, FCF LTM is 3.6 Bil |
| Low stock price volatilityVol 12M is 35% |
| Trading close to highsDist 52W High is -1.1%, Dist 3Y High is -1.1% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 52% |
Market Valuation & Key Metrics
APH Stock
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| APH Return | 22% | 35% | -12% | 32% | 41% | 94% | 422% |
| Peers Return | 6% | 21% | -21% | 20% | 99% | 11% | 169% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 15% | 110% |
Monthly Win Rates [3] | |||||||
| APH Win Rate | 58% | 75% | 25% | 58% | 75% | 78% | |
| Peers Win Rate | 47% | 50% | 41% | 52% | 60% | 49% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 67% | |
Max Drawdowns [4] | |||||||
| APH Max Drawdown | -37% | -8% | -28% | -4% | -5% | -15% | |
| Peers Max Drawdown | -39% | -7% | -34% | -22% | -16% | -38% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: AVGO, HON, IMTE, MTEK, APH. See APH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/24/2025 (YTD)
How Low Can It Go
| Event | APH | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -28.9% | -25.4% |
| % Gain to Breakeven | 40.7% | 34.1% |
| Time to Breakeven | 405 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -37.8% | -33.9% |
| % Gain to Breakeven | 60.7% | 51.3% |
| Time to Breakeven | 149 days | 148 days |
| 2018 Correction | ||
| % Loss | -22.5% | -19.8% |
| % Gain to Breakeven | 29.0% | 24.7% |
| Time to Breakeven | 88 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.4% | -56.8% |
| % Gain to Breakeven | 173.4% | 131.3% |
| Time to Breakeven | 714 days | 1480 days |
Compare to AVGO, HON, IMTE, MTEK, APH
In The Past
Amphenol's stock fell -28.9% during the 2022 Inflation Shock from a high on 12/29/2021. A -28.9% loss requires a 40.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
Trade Ideas
Select past ideas related to APH. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 09302025 | ADBE | Adobe | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.2% | 0.2% | -6.7% |
| 09302025 | CRM | Salesforce | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.5% | 7.5% | -0.6% |
| 09302025 | MPWR | Monolithic Power Systems | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 16.8% | 16.8% | -1.8% |
| 09262025 | POWI | Power Integrations | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.5% | 7.5% | -13.4% |
| 09262025 | ROP | Roper Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -3.9% | -3.9% | -3.9% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 09302025 | ADBE | Adobe | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.2% | 0.2% | -6.7% |
| 09302025 | CRM | Salesforce | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.5% | 7.5% | -0.6% |
| 09302025 | MPWR | Monolithic Power Systems | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 16.8% | 16.8% | -1.8% |
| 09262025 | POWI | Power Integrations | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.5% | 7.5% | -13.4% |
| 09262025 | ROP | Roper Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -3.9% | -3.9% | -3.9% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Amphenol
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 133.82 |
| Mkt Cap | 163.5 |
| Rev LTM | 40,670 |
| Op Inc LTM | 7,692 |
| FCF LTM | 6,164 |
| FCF 3Y Avg | 5,212 |
| CFO LTM | 7,485 |
| CFO 3Y Avg | 6,336 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 28.0% |
| Rev Chg 3Y Avg | 20.7% |
| Rev Chg Q | 22.0% |
| QoQ Delta Rev Chg LTM | 5.0% |
| Op Mgn LTM | 24.6% |
| Op Mgn 3Y Avg | 22.2% |
| QoQ Delta Op Mgn LTM | 1.5% |
| CFO/Rev LTM | 21.5% |
| CFO/Rev 3Y Avg | 20.1% |
| FCF/Rev LTM | 17.0% |
| FCF/Rev 3Y Avg | 16.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 163.5 |
| P/S | 7.8 |
| P/EBIT | 31.6 |
| P/E | 42.8 |
| P/CFO | 36.3 |
| Total Yield | 2.8% |
| Dividend Yield | 0.5% |
| FCF Yield 3Y Avg | 3.1% |
| D/E | 0.0 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.1% |
| 3M Rtn | -3.1% |
| 6M Rtn | 9.6% |
| 12M Rtn | 6.1% |
| 3Y Rtn | 46.9% |
| 1M Excs Rtn | 1.2% |
| 3M Excs Rtn | -9.8% |
| 6M Excs Rtn | -13.3% |
| 12M Excs Rtn | -16.8% |
| 3Y Excs Rtn | -31.9% |
Comparison Analyses
Segment Financials
Revenue by Segment
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Communications Solutions | 4,963 | 5,732 | 4,832 | ||
| Interconnect and Sensor Systems | 4,129 | 3,881 | 3,292 | ||
| Harsh Environment Solutions | 3,622 | 3,185 | 2,752 | ||
| Intersegment | -159 | -175 | -97 | -87 | |
| Cable Products and Solutions | 407 | 437 | |||
| Corporate / Other | 0 | 0 | |||
| Interconnect Products and Assemblies | 8,288 | 7,876 | |||
| Total | 12,555 | 12,623 | 10,876 | 8,599 | 8,225 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Communications Solutions | 1,064 | 1,246 | 1,023 | ||
| Harsh Environment Solutions | 944 | 802 | 708 | ||
| Interconnect and Sensor Systems | 754 | 716 | 588 | ||
| Amortization of acquisition-related inventory step-up costs | 0 | ||||
| Acquisition-related expenses | -35 | -22 | -70 | -12 | -25 |
| Other operating expenses | -68 | -67 | -61 | -56 | -55 |
| Stock-based compensation expense | -99 | -90 | -83 | -70 | -63 |
| Cable Products and Solutions | 35 | 40 | |||
| Interconnect Products and Assemblies | 1,741 | 1,723 | |||
| Total | 2,560 | 2,586 | 2,105 | 1,638 | 1,619 |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/22/2025 | 3.6% | ||
| 7/23/2025 | -1.1% | 3.5% | 6.7% |
| 4/23/2025 | 8.2% | 16.6% | 30.3% |
| 1/22/2025 | 7.0% | -5.7% | -4.6% |
| 10/23/2024 | 2.4% | 3.0% | 6.0% |
| 7/24/2024 | -6.4% | -6.5% | 1.4% |
| 4/24/2024 | 1.8% | 5.7% | 17.8% |
| 1/24/2024 | 2.8% | 4.9% | 8.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 17 | 16 |
| # Negative | 8 | 7 | 8 |
| Median Positive | 2.4% | 4.9% | 8.2% |
| Median Negative | -1.4% | -3.8% | -2.5% |
| Max Positive | 8.2% | 16.6% | 30.3% |
| Max Negative | -6.4% | -6.5% | -4.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10242025 | 10-Q 9/30/2025 |
| 6302025 | 7252025 | 10-Q 6/30/2025 |
| 3312025 | 4252025 | 10-Q 3/31/2025 |
| 12312024 | 2072025 | 10-K 12/31/2024 |
| 9302024 | 10252024 | 10-Q 9/30/2024 |
| 6302024 | 7262024 | 10-Q 6/30/2024 |
| 3312024 | 4262024 | 10-Q 3/31/2024 |
| 12312023 | 2072024 | 10-K 12/31/2023 |
| 9302023 | 10272023 | 10-Q 9/30/2023 |
| 6302023 | 7282023 | 10-Q 6/30/2023 |
| 3312023 | 4282023 | 10-Q 3/31/2023 |
| 12312022 | 2082023 | 10-K 12/31/2022 |
| 9302022 | 10282022 | 10-Q 9/30/2022 |
| 6302022 | 7292022 | 10-Q 6/30/2022 |
| 3312022 | 4292022 | 10-Q 3/31/2022 |
| 12312021 | 2092022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |