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Side-by-side financial comparison of Amphenol (APH) and LEAR CORP (LEA). Click either name above to swap in a different company.
Amphenol is the larger business by last-quarter revenue ($7.6B vs $6.0B, roughly 1.3× LEAR CORP). Amphenol runs the higher net margin — 12.4% vs 1.4%, a 11.0% gap on every dollar of revenue. On growth, Amphenol posted the faster year-over-year revenue change (58.4% vs 4.8%). Amphenol produced more free cash flow last quarter ($831.2M vs $281.1M). Over the past eight quarters, Amphenol's revenue compounded faster (45.3% CAGR vs -0.1%).
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.
Lear Corporation is an American company that manufactures automotive seating and electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.
APH vs LEA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.6B | $6.0B |
| Net Profit | $943.3M | $82.7M |
| Gross Margin | 36.7% | 5.7% |
| Operating Margin | 24.0% | 2.6% |
| Net Margin | 12.4% | 1.4% |
| Revenue YoY | 58.4% | 4.8% |
| Net Profit YoY | 26.8% | -6.1% |
| EPS (diluted) | $0.72 | $1.58 |
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 | — | ||
| Q4 25 | $6.4B | $6.0B | ||
| Q3 25 | $6.2B | $5.7B | ||
| Q2 25 | $5.7B | $6.0B | ||
| Q1 25 | $4.8B | $5.6B | ||
| Q4 24 | $4.3B | $5.7B | ||
| Q3 24 | $4.0B | $5.6B | ||
| Q2 24 | $3.6B | $6.0B |
| Q1 26 | $943.3M | — | ||
| Q4 25 | $1.2B | $82.7M | ||
| Q3 25 | $1.2B | $108.2M | ||
| Q2 25 | $1.1B | $165.2M | ||
| Q1 25 | $737.8M | $80.7M | ||
| Q4 24 | $746.1M | $88.1M | ||
| Q3 24 | $604.4M | $135.8M | ||
| Q2 24 | $524.8M | $173.1M |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 38.2% | 5.7% | ||
| Q3 25 | 38.1% | 6.4% | ||
| Q2 25 | 36.3% | 7.3% | ||
| Q1 25 | 34.2% | 6.5% | ||
| Q4 24 | 34.3% | 6.8% | ||
| Q3 24 | 33.6% | 7.3% | ||
| Q2 24 | 33.6% | 7.5% |
| Q1 26 | 24.0% | — | ||
| Q4 25 | 26.8% | 2.6% | ||
| Q3 25 | 27.5% | 3.4% | ||
| Q2 25 | 25.1% | 4.1% | ||
| Q1 25 | 21.3% | 3.3% | ||
| Q4 24 | 22.1% | 3.7% | ||
| Q3 24 | 20.3% | 3.9% | ||
| Q2 24 | 19.4% | 4.3% |
| Q1 26 | 12.4% | — | ||
| Q4 25 | 18.6% | 1.4% | ||
| Q3 25 | 20.1% | 1.9% | ||
| Q2 25 | 19.3% | 2.7% | ||
| Q1 25 | 15.3% | 1.5% | ||
| Q4 24 | 17.3% | 1.5% | ||
| Q3 24 | 15.0% | 2.4% | ||
| Q2 24 | 14.5% | 2.9% |
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.93 | $1.58 | ||
| Q3 25 | $0.97 | $2.02 | ||
| Q2 25 | $0.86 | $3.06 | ||
| Q1 25 | $0.58 | $1.49 | ||
| Q4 24 | $0.16 | $1.64 | ||
| Q3 24 | $0.48 | $2.41 | ||
| Q2 24 | $0.41 | $3.02 |
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 | $1.0B |
| Total DebtLower is stronger | $18.7B | $2.7B |
| Stockholders' EquityBook value | $14.1B | $5.0B |
| Total Assets | $42.1B | $14.8B |
| Debt / EquityLower = less leverage | 1.33× | 0.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6B | — | ||
| Q4 25 | $11.4B | $1.0B | ||
| Q3 25 | $3.9B | $1.0B | ||
| Q2 25 | $3.2B | $887.9M | ||
| Q1 25 | $1.7B | $779.9M | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $1.6B | $763.9M | ||
| Q2 24 | $1.3B | $950.3M |
| Q1 26 | $18.7B | — | ||
| Q4 25 | $14.6B | $2.7B | ||
| Q3 25 | $7.1B | $2.8B | ||
| Q2 25 | $7.1B | $2.8B | ||
| Q1 25 | $6.8B | $2.7B | ||
| Q4 24 | $6.5B | $2.7B | ||
| Q3 24 | $5.1B | $2.8B | ||
| Q2 24 | $5.0B | $2.7B |
| Q1 26 | $14.1B | — | ||
| Q4 25 | $13.4B | $5.0B | ||
| Q3 25 | $12.5B | $5.1B | ||
| Q2 25 | $11.5B | $5.1B | ||
| Q1 25 | $10.3B | $4.7B | ||
| Q4 24 | $9.8B | $4.5B | ||
| Q3 24 | $9.5B | $4.8B | ||
| Q2 24 | $9.0B | $4.8B |
| Q1 26 | $42.1B | — | ||
| Q4 25 | $36.2B | $14.8B | ||
| Q3 25 | $27.1B | $15.2B | ||
| Q2 25 | $25.7B | $15.3B | ||
| Q1 25 | $22.9B | $14.6B | ||
| Q4 24 | $21.4B | $14.0B | ||
| Q3 24 | $19.6B | $14.8B | ||
| Q2 24 | $18.6B | $14.7B |
| Q1 26 | 1.33× | — | ||
| Q4 25 | 1.09× | 0.54× | ||
| Q3 25 | 0.57× | 0.54× | ||
| Q2 25 | 0.62× | 0.54× | ||
| Q1 25 | 0.66× | 0.59× | ||
| Q4 24 | 0.66× | 0.61× | ||
| Q3 24 | 0.54× | 0.58× | ||
| Q2 24 | 0.56× | 0.57× |
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 | $475.9M |
| Free Cash FlowOCF − Capex | $831.2M | $281.1M |
| FCF MarginFCF / Revenue | 10.9% | 4.7% |
| Capex IntensityCapex / Revenue | 3.8% | 3.3% |
| Cash ConversionOCF / Net Profit | 1.19× | 5.75× |
| TTM Free Cash FlowTrailing 4 quarters | $4.6B | $527.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $475.9M | ||
| Q3 25 | $1.5B | $444.4M | ||
| Q2 25 | $1.4B | $296.2M | ||
| Q1 25 | $764.9M | $-127.7M | ||
| Q4 24 | $847.1M | $680.8M | ||
| Q3 24 | $704.0M | $182.7M | ||
| Q2 24 | $664.1M | $291.2M |
| Q1 26 | $831.2M | — | ||
| Q4 25 | $1.5B | $281.1M | ||
| Q3 25 | $1.2B | $307.0M | ||
| Q2 25 | $1.1B | $170.8M | ||
| Q1 25 | $576.3M | $-231.7M | ||
| Q4 24 | $647.3M | $488.7M | ||
| Q3 24 | $474.0M | $50.5M | ||
| Q2 24 | $522.8M | $170.4M |
| Q1 26 | 10.9% | — | ||
| Q4 25 | 22.8% | 4.7% | ||
| Q3 25 | 19.6% | 5.4% | ||
| Q2 25 | 19.8% | 2.8% | ||
| Q1 25 | 12.0% | -4.2% | ||
| Q4 24 | 15.0% | 8.6% | ||
| Q3 24 | 11.7% | 0.9% | ||
| Q2 24 | 14.5% | 2.8% |
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 3.3% | ||
| Q3 25 | 4.2% | 2.4% | ||
| Q2 25 | 5.3% | 2.1% | ||
| Q1 25 | 3.9% | 1.9% | ||
| Q4 24 | 4.6% | 3.4% | ||
| Q3 24 | 5.7% | 2.4% | ||
| Q2 24 | 3.9% | 2.0% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | 5.75× | ||
| Q3 25 | 1.18× | 4.11× | ||
| Q2 25 | 1.30× | 1.79× | ||
| Q1 25 | 1.04× | -1.58× | ||
| Q4 24 | 1.14× | 7.73× | ||
| Q3 24 | 1.16× | 1.35× | ||
| Q2 24 | 1.27× | 1.68× |
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% |
LEA
| Other | $3.5B | 59% |
| Seating Segment | $1.9B | 32% |
| E Systems Segment | $520.6M | 9% |
