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Side-by-side financial comparison of Amphenol (APH) and Danaher Corporation (DHR). Click either name above to swap in a different company.
Amphenol is the larger business by last-quarter revenue ($6.4B vs $6.0B, roughly 1.1× Danaher Corporation). Amphenol runs the higher net margin — 18.6% vs 17.3%, a 1.3% gap on every dollar of revenue. On growth, Amphenol posted the faster year-over-year revenue change (49.1% vs 3.7%). Amphenol produced more free cash flow last quarter ($1.5B vs $1.1B). Over the past eight quarters, Amphenol's revenue compounded faster (40.6% CAGR vs 1.8%).
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.
Danaher CorporationDHREarnings & Financial Report
Danaher Corporation is an American healthcare company headquartered in Washington, D.C.. It develops products used for advances in biotechnology, life sciences, and diagnostics. The company operates three divisions: biotechnology, which develops products for the development of therapeutics; life sciences, which develops products to identify causes of disease, new therapies, and to test and manufacture new drugs, vaccines and gene editing technologies; and diagnostics, which develops instruments,...
APH vs DHR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.4B | $6.0B |
| Net Profit | $1.2B | $1.0B |
| Gross Margin | 38.2% | 60.3% |
| Operating Margin | 26.8% | 22.6% |
| Net Margin | 18.6% | 17.3% |
| Revenue YoY | 49.1% | 3.7% |
| Net Profit YoY | 60.2% | 7.9% |
| EPS (diluted) | $0.93 | $1.45 |
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.
| Q1 26 | — | $6.0B | ||
| Q4 25 | $6.4B | $6.8B | ||
| Q3 25 | $6.2B | $6.1B | ||
| Q2 25 | $5.7B | $5.9B | ||
| Q1 25 | $4.8B | $5.7B | ||
| Q4 24 | $4.3B | $6.5B | ||
| Q3 24 | $4.0B | $5.8B | ||
| Q2 24 | $3.6B | $5.7B |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $908.0M | ||
| Q2 25 | $1.1B | $555.0M | ||
| Q1 25 | $737.8M | $954.0M | ||
| Q4 24 | $746.1M | $1.1B | ||
| Q3 24 | $604.4M | $818.0M | ||
| Q2 24 | $524.8M | $907.0M |
| Q1 26 | — | 60.3% | ||
| Q4 25 | 38.2% | 58.0% | ||
| Q3 25 | 38.1% | 58.2% | ||
| Q2 25 | 36.3% | 59.3% | ||
| Q1 25 | 34.2% | 61.2% | ||
| Q4 24 | 34.3% | 59.5% | ||
| Q3 24 | 33.6% | 58.7% | ||
| Q2 24 | 33.6% | 59.7% |
| Q1 26 | — | 22.6% | ||
| Q4 25 | 26.8% | 22.0% | ||
| Q3 25 | 27.5% | 19.1% | ||
| Q2 25 | 25.1% | 12.8% | ||
| Q1 25 | 21.3% | 22.2% | ||
| Q4 24 | 22.1% | 21.8% | ||
| Q3 24 | 20.3% | 16.5% | ||
| Q2 24 | 19.4% | 20.3% |
| Q1 26 | — | 17.3% | ||
| Q4 25 | 18.6% | 17.5% | ||
| Q3 25 | 20.1% | 15.0% | ||
| Q2 25 | 19.3% | 9.3% | ||
| Q1 25 | 15.3% | 16.6% | ||
| Q4 24 | 17.3% | 16.6% | ||
| Q3 24 | 15.0% | 14.1% | ||
| Q2 24 | 14.5% | 15.8% |
| Q1 26 | — | $1.45 | ||
| Q4 25 | $0.93 | $1.69 | ||
| Q3 25 | $0.97 | $1.27 | ||
| Q2 25 | $0.86 | $0.77 | ||
| Q1 25 | $0.58 | $1.32 | ||
| Q4 24 | $0.16 | $1.50 | ||
| Q3 24 | $0.48 | $1.12 | ||
| Q2 24 | $0.41 | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.4B | — |
| Total DebtLower is stronger | $14.6B | — |
| Stockholders' EquityBook value | $13.4B | — |
| Total Assets | $36.2B | — |
| Debt / EquityLower = less leverage | 1.09× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | — | — | ||
| Q4 25 | $14.6B | $18.4B | ||
| Q3 25 | $7.1B | $16.9B | ||
| Q2 25 | $7.1B | $17.4B | ||
| Q1 25 | $6.8B | $16.5B | ||
| Q4 24 | $6.5B | $16.0B | ||
| Q3 24 | $5.1B | $17.5B | ||
| Q2 24 | $5.0B | $17.0B |
| Q1 26 | — | — | ||
| Q4 25 | $13.4B | $52.5B | ||
| Q3 25 | $12.5B | $51.1B | ||
| Q2 25 | $11.5B | $52.3B | ||
| Q1 25 | $10.3B | $50.8B | ||
| Q4 24 | $9.8B | $49.5B | ||
| Q3 24 | $9.5B | $51.3B | ||
| Q2 24 | $9.0B | $49.9B |
| Q1 26 | — | — | ||
| Q4 25 | $36.2B | $83.5B | ||
| Q3 25 | $27.1B | $79.9B | ||
| Q2 25 | $25.7B | $81.6B | ||
| Q1 25 | $22.9B | $79.1B | ||
| Q4 24 | $21.4B | $77.5B | ||
| Q3 24 | $19.6B | $80.6B | ||
| Q2 24 | $18.6B | $78.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.09× | 0.35× | ||
| Q3 25 | 0.57× | 0.33× | ||
| Q2 25 | 0.62× | 0.33× | ||
| Q1 25 | 0.66× | 0.32× | ||
| Q4 24 | 0.66× | 0.32× | ||
| Q3 24 | 0.54× | 0.34× | ||
| Q2 24 | 0.56× | 0.34× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7B | $1.3B |
| Free Cash FlowOCF − Capex | $1.5B | $1.1B |
| FCF MarginFCF / Revenue | 22.8% | 18.2% |
| Capex IntensityCapex / Revenue | 3.9% | 4.0% |
| Cash ConversionOCF / Net Profit | 1.44× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $4.4B | $5.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $764.9M | $1.3B | ||
| Q4 24 | $847.1M | $2.0B | ||
| Q3 24 | $704.0M | $1.5B | ||
| Q2 24 | $664.1M | $1.4B |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $576.3M | $1.1B | ||
| Q4 24 | $647.3M | $1.5B | ||
| Q3 24 | $474.0M | $1.2B | ||
| Q2 24 | $522.8M | $1.1B |
| Q1 26 | — | 18.2% | ||
| Q4 25 | 22.8% | 25.5% | ||
| Q3 25 | 19.6% | 22.6% | ||
| Q2 25 | 19.8% | 18.4% | ||
| Q1 25 | 12.0% | 18.4% | ||
| Q4 24 | 15.0% | 23.0% | ||
| Q3 24 | 11.7% | 21.0% | ||
| Q2 24 | 14.5% | 19.7% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | 3.9% | 5.4% | ||
| Q3 25 | 4.2% | 4.8% | ||
| Q2 25 | 5.3% | 4.2% | ||
| Q1 25 | 3.9% | 4.3% | ||
| Q4 24 | 4.6% | 7.9% | ||
| Q3 24 | 5.7% | 5.1% | ||
| Q2 24 | 3.9% | 5.0% |
| Q1 26 | — | 1.28× | ||
| Q4 25 | 1.44× | 1.77× | ||
| Q3 25 | 1.18× | 1.83× | ||
| Q2 25 | 1.30× | 2.41× | ||
| Q1 25 | 1.04× | 1.36× | ||
| Q4 24 | 1.14× | 1.86× | ||
| Q3 24 | 1.16× | 1.85× | ||
| Q2 24 | 1.27× | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APH
| Communications Solutions Segment | $3.5B | 54% |
| Harsh Environment Solutions Segment | $1.7B | 26% |
| Sales Channel Through Intermediary | $1.4B | 21% |
DHR
Segment breakdown not available.
