Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Amphenol Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
- Gross Profit Margin
- The gross profit margin shows an overall increasing trend from March 31, 2020, through March 31, 2024. Starting at 31.8%, the margin slightly fluctuates initially but gradually improves over time, reaching 32.95% by the end of the observed period. This steady increase suggests an improvement in production efficiency or pricing strategies.
- Operating Profit Margin
- Operating profit margin exhibits a relatively stable pattern with minor fluctuations across the quarters starting from March 31, 2020. Initially around 19.69%, it dips to approximately 18.74% in September 2020 but subsequently recovers and sustains a generally upward movement, settling at 20.66% by March 31, 2024. This indicates enhanced operational performance and cost management.
- Net Profit Margin
- Net profit margin follows a positive trajectory with mild variability. Starting near 14.04% in March 2020, it increases gradually to peak at 15.87% by March 2024. This upward tendency reflects improved profitability after accounting for all expenses, taxes, and interest.
- Return on Equity (ROE)
- Return on equity displays a declining trend initially, from 25.76% in June 2019 to 22.35% by March 2020, followed by a recovery phase peaking at 28.3% in June 2022. Post this peak, ROE generally decreases again to around 23.47% by March 2024. The fluctuation points to varying efficiency in generating returns for shareholders over the observed timeframe.
- Return on Assets (ROA)
- Return on assets demonstrates a clear upward trend overall, increasing from 9.35% in June 2019 to 12.18% in March 2024. There is consistent progress with minor short-term fluctuations, indicating a strengthened ability to utilize company assets effectively to generate net income.
Return on Sales
Return on Investment
Gross Profit Margin
Amphenol Corp., gross profit margin calculation (quarterly data)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Gross profit | 1,089,000) | 1,100,500) | 1,048,500) | 991,700) | 943,400) | 1,037,400) | 1,060,000) | 1,004,200) | 926,600) | 941,200) | 889,900) | 843,200) | 727,500) | 765,600) | 734,900) | 603,800) | 559,800) | 678,700) | 661,900) | 647,600) | 627,800) | |||||||
| Net sales | 3,256,300) | 3,327,600) | 3,199,200) | 3,053,900) | 2,974,000) | 3,239,100) | 3,295,200) | 3,136,800) | 2,951,900) | 3,026,800) | 2,818,500) | 2,653,900) | 2,377,100) | 2,426,000) | 2,323,400) | 1,987,500) | 1,862,000) | 2,151,000) | 2,100,600) | 2,015,300) | 1,958,500) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | 32.95% | 32.53% | 32.26% | 32.10% | 31.99% | 31.91% | 31.68% | 31.52% | 31.45% | 31.28% | 31.40% | 31.40% | 31.07% | 30.98% | 30.96% | 30.91% | 31.34% | 31.80% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Apple Inc. | 45.03% | 44.13% | 43.45% | 43.18% | 43.06% | 43.31% | 43.31% | 43.32% | 43.02% | 41.78% | 41.01% | 39.88% | 38.78% | 38.23% | 38.19% | 38.11% | 37.95% | 37.82% | — | — | — | |||||||
| Arista Networks Inc. | 62.94% | 61.95% | 60.76% | 60.18% | 60.27% | 61.07% | 61.82% | 62.77% | 63.64% | 63.80% | 63.95% | 63.87% | 63.72% | 63.94% | — | — | — | — | — | — | — | |||||||
| Cisco Systems Inc. | 63.69% | 62.73% | 61.99% | 61.92% | 62.23% | 62.55% | 63.14% | 63.30% | 63.73% | 64.02% | 63.94% | 64.17% | 64.07% | 64.26% | 64.41% | 63.97% | 63.44% | 62.94% | — | — | — | |||||||
| Dell Technologies Inc. | 22.57% | 22.18% | 21.42% | 20.92% | 21.40% | 21.63% | 24.59% | 27.13% | 29.32% | 31.22% | 31.42% | 31.49% | 31.46% | 31.40% | — | — | — | — | — | — | — | |||||||
| Super Micro Computer Inc. | 17.44% | 18.01% | 18.23% | 17.80% | 16.78% | 15.40% | 14.22% | 13.68% | 14.18% | 15.03% | 15.14% | 16.03% | 15.91% | 15.76% | 16.22% | 15.72% | 15.12% | 14.16% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
Gross profit margin = 100
× (Gross profitQ1 2024
+ Gross profitQ4 2023
+ Gross profitQ3 2023
+ Gross profitQ2 2023)
÷ (Net salesQ1 2024
+ Net salesQ4 2023
+ Net salesQ3 2023
+ Net salesQ2 2023)
= 100 × (1,089,000 + 1,100,500 + 1,048,500 + 991,700)
÷ (3,256,300 + 3,327,600 + 3,199,200 + 3,053,900)
= 32.95%
2 Click competitor name to see calculations.
The financial data reveals several noteworthy trends in revenue and profitability over the analyzed quarterly periods.
- Net Sales
- Net sales exhibited a fluctuating yet generally upward trend from March 2019 through March 2024. Initial sales in early 2019 were around 1,958 million USD, followed by a dip during the first half of 2020, likely reflecting external economic or market challenges. After this period, net sales rebounded and progressively increased, peaking near 3,296 million USD in December 2023 before experiencing a slight decline in March 2024 to approximately 3,256 million USD. This overall growth trend indicates an expansion in sales volume or pricing power over the five-year span.
- Gross Profit
- Gross profit mirrored the broad directional shifts seen in net sales. Starting from approximately 628 million USD in March 2019, gross profit fell notably during early 2020, consistent with the sales downturn. Subsequently, gross profit recovered strongly and reached a high above 1,060 million USD by September 2022, followed by some volatility and a decline in early 2023. By the end of 2023 and into early 2024, gross profit stabilized at slightly above 1,080 million USD. The gross profit movement suggests effective cost management or favorable product mix changes in response to varying sales levels.
- Gross Profit Margin
- The gross profit margin percentage was not provided for early periods but is available starting from March 2020. It shows a steady and incremental upward progression from around 31.34% in March 2020 to approximately 32.95% by March 2024. This pattern indicates an improvement in profitability at the gross level, implying enhanced efficiency in cost of goods sold or better pricing strategies over time. The margin increase, though gradual, reflects positive operating performance despite fluctuations in sales and gross profit amounts.
In summary, the data points to a recovery and growth trajectory in net sales after an early 2020 dip, accompanied by rising gross profit and a consistent increase in gross profit margins. The improvements in margin suggest ongoing operational enhancements and potentially strengthened competitive positioning during the period analyzed.
Operating Profit Margin
Amphenol Corp., operating profit margin calculation (quarterly data)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Operating income | 684,800) | 690,100) | 657,900) | 619,900) | 591,700) | 666,100) | 681,100) | 648,800) | 589,800) | 592,900) | 571,200) | 476,200) | 464,800) | 488,300) | 475,800) | 357,400) | 316,900) | 429,900) | 413,600) | 399,500) | 376,200) | |||||||
| Net sales | 3,256,300) | 3,327,600) | 3,199,200) | 3,053,900) | 2,974,000) | 3,239,100) | 3,295,200) | 3,136,800) | 2,951,900) | 3,026,800) | 2,818,500) | 2,653,900) | 2,377,100) | 2,426,000) | 2,323,400) | 1,987,500) | 1,862,000) | 2,151,000) | 2,100,600) | 2,015,300) | 1,958,500) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | 20.66% | 20.39% | 20.34% | 20.37% | 20.46% | 20.48% | 20.25% | 20.13% | 19.47% | 19.35% | 19.47% | 19.48% | 19.60% | 19.05% | 18.98% | 18.74% | 19.19% | 19.69% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Apple Inc. | 30.76% | 29.82% | 29.23% | 29.16% | 29.41% | 30.29% | 30.53% | 30.93% | 30.90% | 29.78% | 28.79% | 27.32% | 25.24% | 24.15% | 24.52% | 24.48% | 24.71% | 24.57% | — | — | — | |||||||
| Arista Networks Inc. | 40.01% | 38.52% | 37.29% | 36.12% | 35.71% | 34.86% | 33.69% | 32.55% | 31.56% | 31.37% | 30.79% | 30.76% | 30.72% | 30.19% | — | — | — | — | — | — | — | |||||||
| Cisco Systems Inc. | 27.17% | 26.37% | 25.89% | 26.10% | 26.91% | 27.09% | 27.36% | 27.09% | 26.98% | 25.76% | 25.60% | 25.93% | 26.23% | 27.63% | 27.81% | 27.47% | 26.91% | 27.39% | — | — | — | |||||||
| Dell Technologies Inc. | 5.45% | 5.64% | 5.88% | 5.12% | 4.99% | 4.60% | 5.26% | 5.51% | 5.72% | 5.46% | 4.00% | 3.71% | 3.01% | 2.85% | — | — | — | — | — | — | — | |||||||
| Super Micro Computer Inc. | 9.65% | 10.68% | 10.64% | 10.39% | 8.75% | 6.45% | 4.52% | 3.27% | 3.20% | 3.48% | 2.79% | 2.85% | 2.52% | 2.57% | 3.23% | 3.17% | 3.05% | 2.78% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
Operating profit margin = 100
× (Operating incomeQ1 2024
+ Operating incomeQ4 2023
+ Operating incomeQ3 2023
+ Operating incomeQ2 2023)
÷ (Net salesQ1 2024
+ Net salesQ4 2023
+ Net salesQ3 2023
+ Net salesQ2 2023)
= 100 × (684,800 + 690,100 + 657,900 + 619,900)
÷ (3,256,300 + 3,327,600 + 3,199,200 + 3,053,900)
= 20.66%
2 Click competitor name to see calculations.
The financial data reveals several noteworthy trends across the analyzed periods. Net sales demonstrate variability with an initial decline around early 2020, followed by a significant recovery and growth trend into 2022 and early 2023. However, in the later quarters of 2023 and the first quarter of 2024, sales figures present some fluctuations, indicating potential market or operational uncertainties during these months.
Operating income mirrors a somewhat similar trajectory, showing a marked dip in early 2020, coinciding with the sales downturn. This was followed by a robust recovery with operating income reaching peak levels in late 2021 and 2022. Although there is a slight decline in the most recent quarters, operating income remains relatively strong compared to the earlier years, suggesting effective cost management or improved operational efficiencies.
The operating profit margin, presented as a percentage, exhibits a fairly stable and positive trend, generally improving over the years. Starting around 19% in early 2020, the margin has increased gradually and plateaued above 20% during 2022 and subsequent quarters. This consistency in profit margin despite fluctuations in sales and operating income points to strong management of operating costs and a potentially favorable product or pricing mix.
- Net Sales
- Showed a significant decrease in early 2020, aligning with external economic pressures. Recovery began mid-2020, sustained into 2022, with the highest sales recorded in 2023 Q1, followed by mild volatility through early 2024.
- Operating Income
- Declined in early 2020, reflecting sales trends, but rebounded robustly with peak values in 2021 and 2022. Recent quarters show a slight downward adjustment but maintain profitability above early period levels.
- Operating Profit Margin
- Consistently improved from approximately 19% in early 2020 to over 20% by 2022, remaining stable thereafter, indicating effective cost control and operational efficiency despite fluctuating revenues.
Net Profit Margin
Amphenol Corp., net profit margin calculation (quarterly data)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income attributable to Amphenol Corporation | 548,700) | 514,400) | 513,900) | 460,500) | 439,200) | 507,500) | 496,600) | 472,500) | 425,700) | 464,900) | 426,500) | 369,800) | 329,600) | 357,000) | 346,600) | 257,700) | 242,100) | 318,800) | 280,300) | 288,400) | 267,500) | |||||||
| Net sales | 3,256,300) | 3,327,600) | 3,199,200) | 3,053,900) | 2,974,000) | 3,239,100) | 3,295,200) | 3,136,800) | 2,951,900) | 3,026,800) | 2,818,500) | 2,653,900) | 2,377,100) | 2,426,000) | 2,323,400) | 1,987,500) | 1,862,000) | 2,151,000) | 2,100,600) | 2,015,300) | 1,958,500) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | 15.87% | 15.36% | 15.41% | 15.15% | 15.15% | 15.07% | 14.98% | 15.00% | 14.73% | 14.63% | 14.43% | 14.35% | 14.16% | 13.99% | 14.00% | 13.56% | 13.90% | 14.04% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Apple Inc. | 26.16% | 25.31% | 24.68% | 24.49% | 24.56% | 25.31% | 25.71% | 26.41% | 26.58% | 25.88% | 25.00% | 23.45% | 21.73% | 20.91% | 21.33% | 21.35% | 21.49% | 21.24% | — | — | — | |||||||
| Arista Networks Inc. | 37.64% | 35.62% | 33.97% | 32.48% | 31.24% | 30.87% | 29.63% | 29.55% | 29.54% | 28.52% | 28.30% | 27.72% | 27.48% | 27.38% | — | — | — | — | — | — | — | |||||||
| Cisco Systems Inc. | 23.40% | 22.13% | 20.89% | 21.26% | 22.00% | 22.91% | 23.28% | 22.94% | 22.44% | 21.26% | 20.92% | 21.09% | 21.76% | 22.75% | 21.32% | 21.44% | 21.15% | 22.39% | — | — | — | |||||||
| Dell Technologies Inc. | 2.01% | 2.39% | 1.74% | 5.07% | 5.49% | 5.50% | 6.83% | 3.92% | 4.21% | 3.45% | 2.64% | 2.29% | 4.85% | 5.01% | — | — | — | — | — | — | — | |||||||
| Super Micro Computer Inc. | 8.29% | 8.98% | 8.93% | 8.70% | 7.38% | 5.49% | 3.96% | 3.00% | 2.89% | 3.14% | 2.69% | 2.71% | 2.56% | 2.52% | 2.72% | 2.58% | 2.37% | 2.05% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
Net profit margin = 100
× (Net income attributable to Amphenol CorporationQ1 2024
+ Net income attributable to Amphenol CorporationQ4 2023
+ Net income attributable to Amphenol CorporationQ3 2023
+ Net income attributable to Amphenol CorporationQ2 2023)
÷ (Net salesQ1 2024
+ Net salesQ4 2023
+ Net salesQ3 2023
+ Net salesQ2 2023)
= 100 × (548,700 + 514,400 + 513,900 + 460,500)
÷ (3,256,300 + 3,327,600 + 3,199,200 + 3,053,900)
= 15.87%
2 Click competitor name to see calculations.
The financial data for the periods under review show several noteworthy trends in key performance metrics, particularly in net income attributable to the company, net sales, and net profit margin.
- Net Income
- The net income attributable to the company exhibited fluctuations over the quarters. In early 2019, it started at $267.5 million and showed a general upward trend, reaching a peak of $357 million in December 2020. Following this peak, there was a steady increase again from early 2021, culminating in $548.7 million in March 2024. This indicates an overall positive trajectory in profitability, with notable increases especially in the later periods.
- Net Sales
- Net sales displayed a somewhat variable pattern, with an initial increase from $1.96 billion in March 2019 to a high of approximately $3.03 billion in December 2021. Sales experienced a dip in early 2020, likely impacted by external factors, but then rebounded strongly through 2021 and 2022. Despite some slight declines in mid-2023, net sales remained elevated overall, ending at about $3.26 billion in March 2024.
- Net Profit Margin
- Net profit margin, which was unavailable for the early periods but became reportable starting in March 2020, maintained a stable and gradually improving level throughout the observed timeframe. From around 14.0% in early 2020, it increased steadily to nearly 15.9% by March 2024. This improvement points to enhanced profitability relative to sales, suggesting efficient cost management or favorable revenue mix over time.
In summary, the company demonstrated consistent growth in both net income and net sales across the majority of the reviewed periods, with a simultaneous gradual improvement in net profit margin. These patterns indicate strengthening financial performance and operational efficiency, with resilience evident in rebounding sales and earnings after periods of downturn or volatility.
Return on Equity (ROE)
Amphenol Corp., ROE calculation (quarterly data)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income attributable to Amphenol Corporation | 548,700) | 514,400) | 513,900) | 460,500) | 439,200) | 507,500) | 496,600) | 472,500) | 425,700) | 464,900) | 426,500) | 369,800) | 329,600) | 357,000) | 346,600) | 257,700) | 242,100) | 318,800) | 280,300) | 288,400) | 267,500) | |||||||
| Stockholders’ equity attributable to Amphenol Corporation | 8,681,500) | 8,346,500) | 7,856,800) | 7,513,700) | 7,308,100) | 7,015,600) | 6,570,900) | 6,464,300) | 6,426,100) | 6,302,000) | 5,945,900) | 5,715,500) | 5,461,000) | 5,384,900) | 5,040,200) | 4,738,600) | 4,385,800) | 4,530,300) | 4,155,300) | 4,148,300) | 4,123,100) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | 23.47% | 23.10% | 24.45% | 25.34% | 26.21% | 27.12% | 28.30% | 27.68% | 26.25% | 25.24% | 24.94% | 24.55% | 23.64% | 22.35% | 23.12% | 23.19% | 25.76% | 25.50% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Apple Inc. | 136.18% | 156.08% | 157.22% | 151.74% | 167.77% | 196.96% | 171.46% | 151.24% | 139.79% | 150.07% | 135.04% | 110.31% | 96.54% | 87.87% | 80.83% | 72.96% | 64.25% | 61.06% | — | — | — | |||||||
| Arista Networks Inc. | 29.11% | 28.91% | 29.22% | 29.18% | 28.46% | 27.68% | 26.56% | 25.84% | 22.46% | 21.13% | 20.30% | 19.70% | 19.60% | 19.11% | — | — | — | — | — | — | — | |||||||
| Cisco Systems Inc. | 30.04% | 28.44% | 27.12% | 27.25% | 28.56% | 29.70% | 29.72% | 29.94% | 26.69% | 25.66% | 25.41% | 25.89% | 27.42% | 29.57% | 30.20% | 31.11% | 31.95% | 34.62% | — | — | — | |||||||
| Dell Technologies Inc. | — | — | — | — | — | — | 75.81% | 78.28% | 114.54% | 131.10% | 275.31% | — | — | — | — | — | — | — | — | — | — | |||||||
| Super Micro Computer Inc. | 28.29% | 32.45% | 33.21% | 31.80% | 27.33% | 20.00% | 14.41% | 10.53% | 9.77% | 10.20% | 8.65% | 8.32% | 7.88% | 7.91% | 8.63% | 8.43% | 8.12% | 7.64% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
ROE = 100
× (Net income attributable to Amphenol CorporationQ1 2024
+ Net income attributable to Amphenol CorporationQ4 2023
+ Net income attributable to Amphenol CorporationQ3 2023
+ Net income attributable to Amphenol CorporationQ2 2023)
÷ Stockholders’ equity attributable to Amphenol Corporation
= 100 × (548,700 + 514,400 + 513,900 + 460,500)
÷ 8,681,500 = 23.47%
2 Click competitor name to see calculations.
The net income attributable to the company exhibits a generally positive trend over the observed quarterly periods. Starting from $267.5 million in the first quarter of 2019, net income demonstrates fluctuations but maintains an upward trajectory, reaching $548.7 million in the first quarter of 2024. Notably, there were dips in early 2020, with net income dropping below prior quarters, which could be indicative of external economic challenges during that time. However, the company recovered strongly post-2020, with steady increases especially evident from mid-2021 onwards.
Stockholders’ equity shows a consistent increase throughout the period analyzed. Beginning at approximately $4.12 billion in March 2019, it rises steadily to $8.68 billion by March 2024. This gain suggests strong retained earnings and possibly additional equity injections or valuation increases, contributing to the growth of the company’s equity base.
The Return on Equity (ROE) metric, available from March 2020 onwards, remains relatively stable, oscillating around the mid-20% range. It starts at 25.5% in March 2020 and, after some gradual variations, records 23.47% in March 2024. The ROE indicates efficient management of shareholders' equity in generating profits, although a slight downward trend is observed towards the end of the reviewed timeframe.
- Net Income
- Shows overall growth with a notable dip in early 2020 followed by recovery and consistent improvement through 2023 and into 2024.
- Stockholders’ Equity
- Displays continuous growth across the entire duration, nearly doubling from early 2019 to early 2024, indicating financial strengthening.
- Return on Equity (ROE)
- Maintains a stable range mostly above 23%, with minor fluctuations suggesting steady profitability relative to equity, though with a mild decline in the most recent quarters.
Return on Assets (ROA)
Amphenol Corp., ROA calculation (quarterly data)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income attributable to Amphenol Corporation | 548,700) | 514,400) | 513,900) | 460,500) | 439,200) | 507,500) | 496,600) | 472,500) | 425,700) | 464,900) | 426,500) | 369,800) | 329,600) | 357,000) | 346,600) | 257,700) | 242,100) | 318,800) | 280,300) | 288,400) | 267,500) | |||||||
| Total assets | 16,722,500) | 16,526,400) | 15,759,000) | 15,237,900) | 15,381,500) | 15,326,200) | 15,097,900) | 14,986,100) | 14,873,600) | 14,678,400) | 14,926,100) | 14,559,100) | 13,133,500) | 12,327,300) | 11,753,900) | 11,203,900) | 12,077,700) | 10,815,500) | 10,683,600) | 10,634,000) | 10,208,100) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | 12.18% | 11.67% | 12.19% | 12.49% | 12.46% | 12.41% | 12.32% | 11.94% | 11.34% | 10.84% | 9.93% | 9.64% | 9.83% | 9.76% | 9.91% | 9.81% | 9.35% | 10.68% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Apple Inc. | 28.55% | 27.51% | 28.28% | 28.40% | 27.45% | 28.29% | 29.63% | 29.07% | 26.38% | 26.97% | 26.32% | 22.63% | 18.06% | 17.73% | 18.41% | 17.86% | 16.89% | 16.32% | — | — | — | |||||||
| Arista Networks Inc. | 21.69% | 20.98% | 20.96% | 20.88% | 20.11% | 19.96% | 18.90% | 17.77% | 15.27% | 14.66% | 14.43% | 13.99% | 13.82% | 13.39% | — | — | — | — | — | — | — | |||||||
| Cisco Systems Inc. | 13.75% | 12.38% | 11.76% | 11.79% | 12.36% | 12.57% | 12.94% | 12.54% | 11.87% | 10.86% | 10.88% | 10.60% | 11.01% | 11.82% | 11.80% | 12.22% | 11.89% | 11.88% | — | — | — | |||||||
| Dell Technologies Inc. | 2.32% | 2.73% | 2.15% | 6.11% | 6.50% | 6.00% | 5.00% | 3.08% | 3.28% | 2.63% | 2.04% | 1.73% | 3.71% | 3.88% | — | — | — | — | — | — | — | |||||||
| Super Micro Computer Inc. | 14.96% | 17.42% | 18.39% | 18.81% | 13.45% | 8.90% | 5.98% | 4.67% | 4.56% | 4.99% | 4.56% | 4.67% | 4.65% | 4.39% | 4.57% | 4.67% | 4.64% | 4.27% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q1 2024 Calculation
ROA = 100
× (Net income attributable to Amphenol CorporationQ1 2024
+ Net income attributable to Amphenol CorporationQ4 2023
+ Net income attributable to Amphenol CorporationQ3 2023
+ Net income attributable to Amphenol CorporationQ2 2023)
÷ Total assets
= 100 × (548,700 + 514,400 + 513,900 + 460,500)
÷ 16,722,500 = 12.18%
2 Click competitor name to see calculations.
- Net Income Attributable to Amphenol Corporation
- The net income shows a generally increasing trend over the periods analyzed. Starting from 267.5 million US dollars in March 2019, the figure experienced fluctuations but maintained overall growth, reaching 548.7 million US dollars by March 2024. Notable increases can be observed between the quarters of June 2021 to December 2021 and March 2022 to December 2022, where income rose steadily. Some volatility is present, with dips such as from December 2022 to March 2023, but recovery follows quickly.
- Total Assets
- Total assets have demonstrated a positive growth trajectory throughout the period, increasing from approximately 10.2 billion US dollars in March 2019 to 16.7 billion US dollars by March 2024. There is consistent asset buildup in most quarters, with particularly sharp increases observed from March 2021 onwards. Minor decreases occurred in some quarters, such as between June 2023 and September 2023, but the overall long-term pattern remains upward.
- Return on Assets (ROA)
- The ROA data, available from March 2020 onwards, reflects a favorable efficiency trend. Initial ROA was at 10.68%, with a slight downward movement in the next two quarters, followed by sustained progress and reaching a peak of 12.49% in September 2023. A minor decrease to 11.67% occurred in December 2023, but by March 2024, it rebounded to 12.18%. This indicates an improving capacity in generating net income from asset base over time.
- Overall Trends and Insights
- Amphenol Corp. has demonstrated consistent growth in net income and total assets across the quarters, complemented by improved asset utilization as measured by ROA. Despite some seasonal or periodical volatility, the general pattern indicates effective management and profitable expansion. The steady increase in total assets suggests continued investment and potential for further income growth. The ROA trend affirms that the company is enhancing its efficiency in asset use to generate earnings.