Amphenol vs Corning
Amphenol is the larger business, with $23.09bn of revenue in fiscal 2025 against $15.63bn for Corning (1.5 times as much). Amphenol grew faster (51.7% against 19.1%). Amphenol kept more of each dollar of sales as profit: a net margin of 18.5% against 10.2%. Corning carries less debt relative to equity (71.4% against 115.6%).
| Latest fiscal year | AmphenolAPH, 2025 | CorningGLW, 2025 |
|---|---|---|
| Revenue | $23.09bn | $15.63bn |
| Revenue growth | 51.7% | 19.1% |
| Net income | $4.27bn | $1.60bn |
| Operating margin | 25.4% | 14.6% |
| Net margin | 18.5% | 10.2% |
| Return on equity | 36.8% | 14.2% |
| Free cash flow | $4.38bn | $1.41bn |
| Cash | $11.13bn | $1.53bn |
| Total debt | $15.50bn | $8.43bn |
| Debt to equity | 115.6% | 71.4% |
| Dividend per share | $0.74 | $1.12 |
| Dividend yield | 0.6% | 0.9% |
| Share buybacks | $665m | $163m |
| Employees | 170,000 | 67,200 |
| Market value | $206.22bn | $107.31bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 73 (Strong) | 51 (Moderate) |
| Insider trades, 12 months | 1 buys, 20 sales | 0 buys, 30 sales |