AMPHENOL CORP /DE/ (APH) Stock Analysis

Analysis from 10-Q filed 2026-07-31. Data as of Q2 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 20.3%. FCF margin 16.2%. D/E 1.2x. Source: 10-Q filed 2026-07-31.

Metric	Value	Context
ROIC	20.3%	Above industry average
FCF Margin	16.2%	Strong cash generation
Debt/Equity	1.2x	Moderate leverage

ROIC 20.3% — Top 25% of sector peers. FCF margin 16.2% — Top 50%.

Explore AMPHENOL CORP /DE/: Earnings History | Filings

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for APH: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.

---

Profitability: AMPHENOL CORP /DE/ earns 20.3% ROIC, Top 25% in Technology

ROIC TTM 20.3%, sector median 3.5%, Top 25%. DuPont: NOPAT margin 19.1% × asset turnover 0.8x. Gross margin 38.5%. Operating margin 27.0%. Source: 10-Q filed 2026-07-31.

Metric	APH	Rating	Context
Return on Invested Capital (ROIC)	20.3%	Excellent	Above sector median of 3.5%
Return on Equity (ROE)	38.5%	Excellent	Efficient use of shareholder equity
Gross Margin	38.5%	Good	Competitive pricing environment
Operating Margin	27.0%	Excellent	Efficient operations

---

Cash Flow: AMPHENOL CORP /DE/ generates $4.7B FCF at 16.2% margin, positive NaN/8 quarters

FCF TTM $4.7B. FCF margin 16.2%, Top 50%. OCF/Net income 1.1x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-07-31.

Metric	APH	Rating	Context
Free Cash Flow Margin	16.2%	Good	Excellent cash conversion
Free Cash Flow (TTM)	$4.7B	Good	Positive cash generation
OCF/Net Income	1.1x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

---

Balance Sheet: AMPHENOL CORP /DE/ at 1.2x leverage, 12.4x interest coverage

Debt/Equity 1.2x. Total debt $18.8B, cash & investments $5.4B. Interest coverage 12.4x. Source: 10-Q filed 2026-07-31.

Metric	APH	Rating	Context
Debt to Equity	1.2x	Adequate	Moderate leverage
Net Cash Position	$-13.4B	Warning	Net debt position
Interest Coverage	12.4x	Excellent	Comfortable debt service

---

Valuation Analysis for AMPHENOL CORP /DE/

EV/Sales 7.7x. FCF yield 2.3%. Source: 10-Q filed 2026-07-31.

Metric	APH	Rating	Context
EV/Sales	7.7x	Adequate	Growth premium priced in
FCF Yield	2.3%	Adequate	Lower cash yield

---

Capital Allocation: AMPHENOL CORP /DE/ returns 0.9% shareholder yield

Total shareholder yield 0.9% (buyback 0.3%). Share count +1.0% YoY. Capital returned $1.8B TTM. Source: 10-Q filed 2026-07-31.

Metric	APH	Rating	Context
Total Shareholder Yield	0.9%	Adequate	Dividend + buyback yield combined
Buyback Yield	0.3%	Adequate	Minimal buyback activity
Share Count Change (YoY)	1.0%	Adequate	Net dilution from issuance/SBC
Total Capital Returned (TTM)	$1.8B	Good	Dividends + buybacks returned to shareholders

---

Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	20.3%	Top 25%	5.8x above
Free Cash Flow Margin	16.2%	Top 50%	1.6x above
Gross Margin	38.5%	Bottom 50%	0.8x below
Operating Margin	27.0%	Top 25%	6.3x above
Return on Equity (ROE)	38.5%	Top 25%	7.2x above

---

Financial Scorecard

Metric	APH	Rating	Sector Context
Return on Invested Capital (ROIC)	20.3%	Excellent	Top 25% of sector (median: 3.5%)
Free Cash Flow Margin	16.2%	Good	Top 50% of sector (median: 10.2%)
Gross Margin	38.5%	Good	Bottom 50% of sector (median: 50.6%)
Debt to Equity Ratio	121.4%	Adequate	Elevated but manageable
Free Cash Flow Yield	2.3%	Warning	Growth-focused valuation

---

Frequently Asked Questions

Q: What is AMPHENOL CORP /DE/'s Return on Invested Capital (ROIC)?

AMPHENOL CORP /DE/ (APH) has a trailing twelve-month Return on Invested Capital (ROIC) of 20.3%. The 8-quarter median ROIC is 19.9% with a improving trend. Sector median 3.5%. Source: 10-Q filed 2026-07-31.

Q: What is AMPHENOL CORP /DE/'s Free Cash Flow Margin?

AMPHENOL CORP /DE/ (APH) has a free cash flow margin of 16.2%, generating $4.7 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2026-07-31.

Q: What is AMPHENOL CORP /DE/'s P/E ratio and how does it compare to peers?

AMPHENOL CORP /DE/ (APH) EV/Sales 7.7x. FCF yield 2.3%. Source: 10-Q filed 2026-07-31.

Q: How much debt does AMPHENOL CORP /DE/ have?

AMPHENOL CORP /DE/ (APH) has a debt-to-equity ratio of 1.2x with total debt of $18.8 billion. Interest coverage 12.4x. Net debt $13.4 billion. Source: 10-Q filed 2026-07-31.

Q: What is AMPHENOL CORP /DE/'s revenue and earnings growth?

AMPHENOL CORP /DE/ (APH) grew revenue by 54.2% year-over-year. EPS +59.3% YoY. Source: 10-Q filed 2026-07-31.

Q: Is AMPHENOL CORP /DE/ buying back stock?

AMPHENOL CORP /DE/ (APH) repurchased $710.2 million of stock over the trailing twelve months. This represents a buyback yield of 0.3%. Share count +1.0% YoY. Source: 10-Q filed 2026-07-31.

Q: How does AMPHENOL CORP /DE/ compare to competitors in Technology?

Compared to other companies in Technology, AMPHENOL CORP /DE/ (APH) shows: ROIC 20.3%, sector median 3.5% (Top 25%). FCF margin 16.2%, sector median 10.2% (Top 50%). Gross margin 38.5%, 12.1pp below sector median. These rankings are based on MetricDuck's analysis of all Technology companies with available SEC filings.

Q: What warning signs should I watch for with AMPHENOL CORP /DE/?

No quantitative warning flags fired for AMPHENOL CORP /DE/ (APH) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-Q filed 2026-07-31.

---

Data Source: Data sourced from 10-Q filed 2026-07-31. TTM metrics as of Q2 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.