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Side-by-side financial comparison of Amphenol (APH) and Brookfield Business Partners L.P. (BBU). Click either name above to swap in a different company.

Brookfield Business Partners L.P. is the larger business by last-quarter revenue ($6.7B vs $6.4B, roughly 1.0× Amphenol). Amphenol runs the higher net margin — 18.6% vs 2.0%, a 16.6% gap on every dollar of revenue. On growth, Amphenol posted the faster year-over-year revenue change (49.1% vs -44.0%).

Amphenol Corporation is an American producer of electronic and fiber optic connectors, cable and interconnect systems such as coaxial cables. Amphenol is a portmanteau from the corporation's original name, American Phenolic Corp.

Brookfield Business Partners L.P. is a publicly traded limited partnership and the primary public vehicle through which Brookfield Corporation, its parent company, owns and operates the business services and industrial operations of its private equity group. It was formed through a spin-off from Brookfield Asset Management in June 2016.

APH vs BBU — Head-to-Head

Bigger by revenue
BBU
BBU
1.0× larger
BBU
$6.7B
$6.4B
APH
Growing faster (revenue YoY)
APH
APH
+93.1% gap
APH
49.1%
-44.0%
BBU
Higher net margin
APH
APH
16.6% more per $
APH
18.6%
2.0%
BBU

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
APH
APH
BBU
BBU
Revenue
$6.4B
$6.7B
Net Profit
$1.2B
$135.0M
Gross Margin
38.2%
Operating Margin
26.8%
Net Margin
18.6%
2.0%
Revenue YoY
49.1%
-44.0%
Net Profit YoY
60.2%
107.7%
EPS (diluted)
$0.93
$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APH
APH
BBU
BBU
Q4 25
$6.4B
Q3 25
$6.2B
Q2 25
$5.7B
$6.7B
Q1 25
$4.8B
Q4 24
$4.3B
Q3 24
$4.0B
Q2 24
$3.6B
$11.9B
Q1 24
$3.3B
Net Profit
APH
APH
BBU
BBU
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.1B
$135.0M
Q1 25
$737.8M
Q4 24
$746.1M
Q3 24
$604.4M
Q2 24
$524.8M
$65.0M
Q1 24
$548.7M
Gross Margin
APH
APH
BBU
BBU
Q4 25
38.2%
Q3 25
38.1%
Q2 25
36.3%
Q1 25
34.2%
Q4 24
34.3%
Q3 24
33.6%
Q2 24
33.6%
Q1 24
33.4%
Operating Margin
APH
APH
BBU
BBU
Q4 25
26.8%
Q3 25
27.5%
Q2 25
25.1%
Q1 25
21.3%
Q4 24
22.1%
Q3 24
20.3%
Q2 24
19.4%
Q1 24
21.0%
Net Margin
APH
APH
BBU
BBU
Q4 25
18.6%
Q3 25
20.1%
Q2 25
19.3%
2.0%
Q1 25
15.3%
Q4 24
17.3%
Q3 24
15.0%
Q2 24
14.5%
0.5%
Q1 24
16.9%
EPS (diluted)
APH
APH
BBU
BBU
Q4 25
$0.93
Q3 25
$0.97
Q2 25
$0.86
$0.12
Q1 25
$0.58
Q4 24
$0.16
Q3 24
$0.48
Q2 24
$0.41
$-0.10
Q1 24
$0.87

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APH
APH
BBU
BBU
Cash + ST InvestmentsLiquidity on hand
$11.4B
$3.3B
Total DebtLower is stronger
$14.6B
Stockholders' EquityBook value
$13.4B
$15.3B
Total Assets
$36.2B
$75.3B
Debt / EquityLower = less leverage
1.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APH
APH
BBU
BBU
Q4 25
$11.4B
Q3 25
$3.9B
Q2 25
$3.2B
$3.3B
Q1 25
$1.7B
Q4 24
$3.3B
Q3 24
$1.6B
Q2 24
$1.3B
$3.0B
Q1 24
$2.0B
Total Debt
APH
APH
BBU
BBU
Q4 25
$14.6B
Q3 25
$7.1B
Q2 25
$7.1B
Q1 25
$6.8B
Q4 24
$6.5B
Q3 24
$5.1B
Q2 24
$5.0B
Q1 24
$3.6B
Stockholders' Equity
APH
APH
BBU
BBU
Q4 25
$13.4B
Q3 25
$12.5B
Q2 25
$11.5B
$15.3B
Q1 25
$10.3B
Q4 24
$9.8B
Q3 24
$9.5B
Q2 24
$9.0B
$18.2B
Q1 24
$8.7B
Total Assets
APH
APH
BBU
BBU
Q4 25
$36.2B
Q3 25
$27.1B
Q2 25
$25.7B
$75.3B
Q1 25
$22.9B
Q4 24
$21.4B
Q3 24
$19.6B
Q2 24
$18.6B
$81.5B
Q1 24
$16.7B
Debt / Equity
APH
APH
BBU
BBU
Q4 25
1.09×
Q3 25
0.57×
Q2 25
0.62×
Q1 25
0.66×
Q4 24
0.66×
Q3 24
0.54×
Q2 24
0.56×
Q1 24
0.41×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APH
APH
BBU
BBU
Operating Cash FlowLast quarter
$1.7B
Free Cash FlowOCF − Capex
$1.5B
FCF MarginFCF / Revenue
22.8%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
1.44×
TTM Free Cash FlowTrailing 4 quarters
$4.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APH
APH
BBU
BBU
Q4 25
$1.7B
Q3 25
$1.5B
Q2 25
$1.4B
Q1 25
$764.9M
Q4 24
$847.1M
Q3 24
$704.0M
Q2 24
$664.1M
Q1 24
$599.5M
Free Cash Flow
APH
APH
BBU
BBU
Q4 25
$1.5B
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$576.3M
Q4 24
$647.3M
Q3 24
$474.0M
Q2 24
$522.8M
Q1 24
$505.2M
FCF Margin
APH
APH
BBU
BBU
Q4 25
22.8%
Q3 25
19.6%
Q2 25
19.8%
Q1 25
12.0%
Q4 24
15.0%
Q3 24
11.7%
Q2 24
14.5%
Q1 24
15.5%
Capex Intensity
APH
APH
BBU
BBU
Q4 25
3.9%
Q3 25
4.2%
Q2 25
5.3%
Q1 25
3.9%
Q4 24
4.6%
Q3 24
5.7%
Q2 24
3.9%
Q1 24
2.9%
Cash Conversion
APH
APH
BBU
BBU
Q4 25
1.44×
Q3 25
1.18×
Q2 25
1.30×
Q1 25
1.04×
Q4 24
1.14×
Q3 24
1.16×
Q2 24
1.27×
Q1 24
1.09×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APH
APH

Communications Solutions Segment$3.5B54%
Harsh Environment Solutions Segment$1.7B26%
Sales Channel Through Intermediary$1.4B21%

BBU
BBU

Segment breakdown not available.

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