Amphenol (APH) FY2024 results: revenue $15.2 billion, up 21.3% on the year
Amphenol Corp. (APH) reported revenue of $15.2 billion for fiscal 2024, the year ended 31 December 2024, up 21.3% on the year before. Net income was $2.4 billion, up 25.7%, and diluted earnings per share $0.96. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2025.
Revenue
$15.2 billion
+21.3% on the year
FY2017FY2024
Operating margin
20.7%
20.4% a year earlier
FY2017FY2024
Net income
$2.4 billion
+25.7% on the year
FY2017FY2024
Diluted EPS
$0.96
+23.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,815
2,529
2,175
+11.3%
Capital expenditure
665
373
384
+78.5%
Free cash flow
2,149
2,156
1,791
-0.3%
Free cash flow margin
14.1%
17.2%
14.2%
Cash from investing
-2,649
-1,394
-731
Cash from financing
1,730
-1,012
-1,197
Depreciation and amortisation
572
406
393
+40.9%
Share-based compensation
110
99.0
89.5
+10.6%
Buybacks
689
585
730
+17.8%
Dividends paid
595
501
477
+18.9%
Dividend per share
$0.28
$0.21
$0.20
+29.4%
Diluted shares, weighted
2,527m
2,482m
2,484m
+1.8%
Shares outstanding at period end
2,419m
2,396m
2,379m
+1.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
9,792
8,346
7,016
+17.3%
Non-controlling interest
55.4
49.3
57.9
+12.4%
Redeemable equity
8.7
30.7
20.6
-71.7%
Debt
6,886
4,337
4,575
+58.8%
Operating lease liabilities
286
212
208
+34.7%
Other liabilities
4,412
3,550
3,449
+24.3%
Total liabilities and equity
21,440
16,526
15,326
+29.7%
Fixed assets
1,712
1,315
1,204
+30.2%
Goodwill
8,236
7,092
6,446
+16.1%
Intangible assets
1,225
835
734
+46.8%
Investments
18.4
185
61.1
-90.1%
Cash and equivalents
3,317
1,475
1,373
+124.9%
Receivables
3,288
2,618
2,631
+25.6%
Inventory
2,546
2,167
2,094
+17.5%
Other assets
1,098
839
783
+30.9%
Total assets
21,440
16,526
15,326
+29.7%
10-K for the year ended 31 December 2024, filed 7 February 2025: the filing.