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Side-by-side financial comparison of Amphenol (APH) and GE HealthCare (GEHC). Click either name above to swap in a different company.
Amphenol is the larger business by last-quarter revenue ($7.6B vs $5.1B, roughly 1.5× GE HealthCare). Amphenol runs the higher net margin — 12.4% vs 8.0%, a 4.4% gap on every dollar of revenue. On growth, Amphenol posted the faster year-over-year revenue change (58.4% vs 7.4%). Amphenol produced more free cash flow last quarter ($831.2M vs $112.0M). Over the past eight quarters, Amphenol's revenue compounded faster (45.3% CAGR vs 3.0%).
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.
GE Healthcare Technologies, Inc., stylized GE HealthCare, is an American health technology company based in Chicago, Illinois. It operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical Diagnostics, which manufactures...
APH vs GEHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.6B | $5.1B |
| Net Profit | $943.3M | $411.0M |
| Gross Margin | 36.7% | 38.5% |
| Operating Margin | 24.0% | 10.0% |
| Net Margin | 12.4% | 8.0% |
| Revenue YoY | 58.4% | 7.4% |
| Net Profit YoY | 26.8% | -31.0% |
| EPS (diluted) | $0.72 | $0.85 |
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 | $7.6B | $5.1B | ||
| Q4 25 | $6.4B | $5.7B | ||
| Q3 25 | $6.2B | $5.1B | ||
| Q2 25 | $5.7B | $5.0B | ||
| Q1 25 | $4.8B | $4.8B | ||
| Q4 24 | $4.3B | $5.3B | ||
| Q3 24 | $4.0B | $4.9B | ||
| Q2 24 | $3.6B | $4.8B |
| Q1 26 | $943.3M | $411.0M | ||
| Q4 25 | $1.2B | $588.0M | ||
| Q3 25 | $1.2B | $446.0M | ||
| Q2 25 | $1.1B | $486.0M | ||
| Q1 25 | $737.8M | $564.0M | ||
| Q4 24 | $746.1M | $721.0M | ||
| Q3 24 | $604.4M | $470.0M | ||
| Q2 24 | $524.8M | $428.0M |
| Q1 26 | 36.7% | 38.5% | ||
| Q4 25 | 38.2% | 39.7% | ||
| Q3 25 | 38.1% | 38.7% | ||
| Q2 25 | 36.3% | 39.6% | ||
| Q1 25 | 34.2% | 42.1% | ||
| Q4 24 | 34.3% | 42.8% | ||
| Q3 24 | 33.6% | 41.7% | ||
| Q2 24 | 33.6% | 41.4% |
| Q1 26 | 24.0% | 10.0% | ||
| Q4 25 | 26.8% | 14.5% | ||
| Q3 25 | 27.5% | 12.7% | ||
| Q2 25 | 25.1% | 13.1% | ||
| Q1 25 | 21.3% | 13.2% | ||
| Q4 24 | 22.1% | 15.1% | ||
| Q3 24 | 20.3% | 13.9% | ||
| Q2 24 | 19.4% | 12.6% |
| Q1 26 | 12.4% | 8.0% | ||
| Q4 25 | 18.6% | 10.3% | ||
| Q3 25 | 20.1% | 8.7% | ||
| Q2 25 | 19.3% | 9.7% | ||
| Q1 25 | 15.3% | 11.8% | ||
| Q4 24 | 17.3% | 13.6% | ||
| Q3 24 | 15.0% | 9.7% | ||
| Q2 24 | 14.5% | 8.8% |
| Q1 26 | $0.72 | $0.85 | ||
| Q4 25 | $0.93 | $1.28 | ||
| Q3 25 | $0.97 | $0.98 | ||
| Q2 25 | $0.86 | $1.06 | ||
| Q1 25 | $0.58 | $1.23 | ||
| Q4 24 | $0.16 | $1.58 | ||
| Q3 24 | $0.48 | $1.02 | ||
| Q2 24 | $0.41 | $0.93 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.6B | — |
| Total DebtLower is stronger | $18.7B | $10.1B |
| Stockholders' EquityBook value | $14.1B | $10.7B |
| Total Assets | $42.1B | $37.1B |
| Debt / EquityLower = less leverage | 1.33× | 0.95× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6B | — | ||
| Q4 25 | $11.4B | $4.5B | ||
| Q3 25 | $3.9B | $4.0B | ||
| Q2 25 | $3.2B | $3.7B | ||
| Q1 25 | $1.7B | $2.5B | ||
| Q4 24 | $3.3B | $2.9B | ||
| Q3 24 | $1.6B | $3.5B | ||
| Q2 24 | $1.3B | $2.0B |
| Q1 26 | $18.7B | $10.1B | ||
| Q4 25 | $14.6B | $10.0B | ||
| Q3 25 | $7.1B | $10.3B | ||
| Q2 25 | $7.1B | $10.3B | ||
| Q1 25 | $6.8B | $8.8B | ||
| Q4 24 | $6.5B | $9.0B | ||
| Q3 24 | $5.1B | $10.3B | ||
| Q2 24 | $5.0B | $9.2B |
| Q1 26 | $14.1B | $10.7B | ||
| Q4 25 | $13.4B | $10.4B | ||
| Q3 25 | $12.5B | $10.0B | ||
| Q2 25 | $11.5B | $9.7B | ||
| Q1 25 | $10.3B | $9.2B | ||
| Q4 24 | $9.8B | $8.4B | ||
| Q3 24 | $9.5B | $8.3B | ||
| Q2 24 | $9.0B | $7.8B |
| Q1 26 | $42.1B | $37.1B | ||
| Q4 25 | $36.2B | $36.9B | ||
| Q3 25 | $27.1B | $36.1B | ||
| Q2 25 | $25.7B | $35.5B | ||
| Q1 25 | $22.9B | $33.6B | ||
| Q4 24 | $21.4B | $33.1B | ||
| Q3 24 | $19.6B | $33.9B | ||
| Q2 24 | $18.6B | $31.9B |
| Q1 26 | 1.33× | 0.95× | ||
| Q4 25 | 1.09× | 0.96× | ||
| Q3 25 | 0.57× | 1.03× | ||
| Q2 25 | 0.62× | 1.06× | ||
| Q1 25 | 0.66× | 0.95× | ||
| Q4 24 | 0.66× | 1.06× | ||
| Q3 24 | 0.54× | 1.24× | ||
| Q2 24 | 0.56× | 1.18× |
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 | $1.1B | — |
| Free Cash FlowOCF − Capex | $831.2M | $112.0M |
| FCF MarginFCF / Revenue | 10.9% | 2.2% |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 1.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | $94.0M | ||
| Q1 25 | $764.9M | $250.0M | ||
| Q4 24 | $847.1M | — | ||
| Q3 24 | $704.0M | — | ||
| Q2 24 | $664.1M | $-119.0M |
| Q1 26 | $831.2M | $112.0M | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | $8.0M | ||
| Q1 25 | $576.3M | $98.0M | ||
| Q4 24 | $647.3M | — | ||
| Q3 24 | $474.0M | — | ||
| Q2 24 | $522.8M | $-183.0M |
| Q1 26 | 10.9% | 2.2% | ||
| Q4 25 | 22.8% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 19.8% | 0.2% | ||
| Q1 25 | 12.0% | 2.1% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 14.5% | -3.8% |
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 2.4% | ||
| Q3 25 | 4.2% | 2.1% | ||
| Q2 25 | 5.3% | 1.7% | ||
| Q1 25 | 3.9% | 3.2% | ||
| Q4 24 | 4.6% | 1.9% | ||
| Q3 24 | 5.7% | 1.9% | ||
| Q2 24 | 3.9% | 1.3% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | — | ||
| Q3 25 | 1.18× | — | ||
| Q2 25 | 1.30× | 0.19× | ||
| Q1 25 | 1.04× | 0.44× | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.27× | -0.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APH
| Communications Solutions | $4.5B | 60% |
| Harsh Environment Solutions | $1.7B | 22% |
| Interconnect and Sensor Systems | $1.4B | 18% |
GEHC
| Imaging revenues | $2.3B | 45% |
| AVS revenues | $1.3B | 26% |
| PDx revenues | $770.0M | 15% |
| PCS revenues | $704.0M | 14% |
| Other revenues | $18.0M | 0% |
