Analysis of Reportable Segments
Amphenol Corp. operates in 3 segments: Harsh Environment Solutions; Communications Solutions; and Interconnect and Sensor Systems.
Segment Profit Margin
Amphenol Corp., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Harsh Environment Solutions | 26.73% | 25.80% | 25.73% | 24.36% | — |
| Communications Solutions | 21.65% | 22.04% | 21.18% | 21.48% | — |
| Interconnect and Sensor Systems | 18.33% | 18.55% | 17.86% | 15.45% | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Harsh Environment Solutions | Harsh Environment Solutions segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Communications Solutions | Communications Solutions segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| Interconnect and Sensor Systems | Interconnect and Sensor Systems segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Profit Margin: Harsh Environment Solutions
Amphenol Corp.; Harsh Environment Solutions; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment operating income | 943,900) | 801,600) | 708,200) | 556,800) | —) |
| Net sales | 3,530,800) | 3,107,200) | 2,752,200) | 2,286,000) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 26.73% | 25.80% | 25.73% | 24.36% | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net sales
= 100 × 943,900 ÷ 3,530,800 = 26.73%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Harsh Environment Solutions | Harsh Environment Solutions segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Communications Solutions
Amphenol Corp.; Communications Solutions; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment operating income | 1,063,500) | 1,245,700) | 1,023,300) | 871,200) | —) |
| Net sales | 4,912,800) | 5,652,400) | 4,832,100) | 4,056,200) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 21.65% | 22.04% | 21.18% | 21.48% | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net sales
= 100 × 1,063,500 ÷ 4,912,800 = 21.65%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Communications Solutions | Communications Solutions segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Profit Margin: Interconnect and Sensor Systems
Amphenol Corp.; Interconnect and Sensor Systems; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment operating income | 753,700) | 716,500) | 588,100) | 348,600) | —) |
| Net sales | 4,111,100) | 3,863,400) | 3,292,000) | 2,256,700) | —) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 18.33% | 18.55% | 17.86% | 15.45% | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Segment operating income ÷ Net sales
= 100 × 753,700 ÷ 4,111,100 = 18.33%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Interconnect and Sensor Systems | Interconnect and Sensor Systems segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Net sales
Amphenol Corp., net sales by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Harsh Environment Solutions | 3,530,800) | 3,107,200) | 2,752,200) | 2,286,000) | —) |
| Communications Solutions | 4,912,800) | 5,652,400) | 4,832,100) | 4,056,200) | —) |
| Interconnect and Sensor Systems | 4,111,100) | 3,863,400) | 3,292,000) | 2,256,700) | —) |
| Total | 12,554,700) | 12,623,000) | 10,876,300) | 8,598,900) | —) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Segment operating income
Amphenol Corp., segment operating income by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Harsh Environment Solutions | 943,900) | 801,600) | 708,200) | 556,800) | —) |
| Communications Solutions | 1,063,500) | 1,245,700) | 1,023,300) | 871,200) | —) |
| Interconnect and Sensor Systems | 753,700) | 716,500) | 588,100) | 348,600) | —) |
| Total | 2,761,100) | 2,763,800) | 2,319,600) | 1,776,600) | —) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).