Amphenol vs Corning
Amphenol reported revenue of $23.1 billion in fiscal 2025, 1.5 times Corning's $15.6 billion in fiscal 2025. Amphenol's revenue grew 51.7% in its latest year, and Corning's grew 19.1%. Amphenol had an operating margin of 25.4%, against 14.6% at Corning. Free cash flow was $4.4 billion at Amphenol and $1.4 billion at Corning.
Side by side
| Amphenol | Corning | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $23.1B | $15.6B |
| Revenue growth | 51.7% | 19.1% |
| Revenue growth a year, last 5 years | 21.8% | 6.7% |
| Gross margin | 36.9% | 36.0% |
| Operating margin | 25.4% | 14.6% |
| Net margin | 18.5% | 10.2% |
| Free cash flow | $4.4B | $1.4B |
| Free cash flow margin | 19.0% | 9.0% |
| Return on capital | 29.1% | 10.8% |
| Net debt to EBITDA | 0.6x | 1.9x |
| Dividends and buybacks | $1.5B | $1.2B |
| Change in diluted share count | 1.1% | 0.2% |
| Last close | $75.27 | $127.74 |
| P/E at the last close | 18.9× | 58.3× |
| Insider trades, last 12 months | bought $1.3 million, sold $462.8 million | sold $112.2 million |
| Piotroski F-score | 7 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AmphenolCorning
Operating margin
Percent of revenue
AmphenolCorning
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AmphenolCorning