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Side-by-side financial comparison of Amphenol (APH) and Mastercard (MA). Click either name above to swap in a different company.
Mastercard is the larger business by last-quarter revenue ($8.4B vs $7.6B, roughly 1.1× Amphenol). Mastercard runs the higher net margin — 46.4% vs 12.4%, a 34.0% gap on every dollar of revenue. On growth, Amphenol posted the faster year-over-year revenue change (58.4% vs 16.0%). Over the past eight quarters, Amphenol's revenue compounded faster (45.3% CAGR vs 9.9%).
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.
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
APH vs MA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.6B | $8.4B |
| Net Profit | $943.3M | $3.9B |
| Gross Margin | 36.7% | — |
| Operating Margin | 24.0% | 58.3% |
| Net Margin | 12.4% | 46.4% |
| Revenue YoY | 58.4% | 16.0% |
| Net Profit YoY | 26.8% | 18.0% |
| EPS (diluted) | $0.72 | $4.35 |
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 | $8.4B | ||
| Q4 25 | $6.4B | $8.8B | ||
| Q3 25 | $6.2B | $8.6B | ||
| Q2 25 | $5.7B | $8.1B | ||
| Q1 25 | $4.8B | $7.3B | ||
| Q4 24 | $4.3B | $7.5B | ||
| Q3 24 | $4.0B | $7.4B | ||
| Q2 24 | $3.6B | $7.0B |
| Q1 26 | $943.3M | $3.9B | ||
| Q4 25 | $1.2B | $4.1B | ||
| Q3 25 | $1.2B | $3.9B | ||
| Q2 25 | $1.1B | $3.7B | ||
| Q1 25 | $737.8M | $3.3B | ||
| Q4 24 | $746.1M | $3.3B | ||
| Q3 24 | $604.4M | $3.3B | ||
| Q2 24 | $524.8M | $3.3B |
| Q1 26 | 36.7% | — | ||
| 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 26 | 24.0% | 58.3% | ||
| Q4 25 | 26.8% | 55.8% | ||
| Q3 25 | 27.5% | 58.8% | ||
| Q2 25 | 25.1% | 58.7% | ||
| Q1 25 | 21.3% | 57.2% | ||
| Q4 24 | 22.1% | 52.6% | ||
| Q3 24 | 20.3% | 54.3% | ||
| Q2 24 | 19.4% | 58.0% |
| Q1 26 | 12.4% | 46.4% | ||
| Q4 25 | 18.6% | 46.1% | ||
| Q3 25 | 20.1% | 45.7% | ||
| Q2 25 | 19.3% | 45.5% | ||
| Q1 25 | 15.3% | 45.2% | ||
| Q4 24 | 17.3% | 44.6% | ||
| Q3 24 | 15.0% | 44.3% | ||
| Q2 24 | 14.5% | 46.8% |
| Q1 26 | $0.72 | $4.35 | ||
| Q4 25 | $0.93 | $4.52 | ||
| Q3 25 | $0.97 | $4.34 | ||
| Q2 25 | $0.86 | $4.07 | ||
| Q1 25 | $0.58 | $3.59 | ||
| Q4 24 | $0.16 | $3.64 | ||
| Q3 24 | $0.48 | $3.53 | ||
| Q2 24 | $0.41 | $3.50 |
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 | $7.9B |
| Total DebtLower is stronger | $18.7B | $19.0B |
| Stockholders' EquityBook value | $14.1B | $6.7B |
| Total Assets | $42.1B | $52.4B |
| Debt / EquityLower = less leverage | 1.33× | 2.82× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6B | $7.9B | ||
| Q4 25 | $11.4B | $10.6B | ||
| Q3 25 | $3.9B | $10.3B | ||
| Q2 25 | $3.2B | $9.0B | ||
| Q1 25 | $1.7B | $7.6B | ||
| Q4 24 | $3.3B | $8.4B | ||
| Q3 24 | $1.6B | $11.1B | ||
| Q2 24 | $1.3B | $7.0B |
| Q1 26 | $18.7B | $19.0B | ||
| 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 26 | $14.1B | $6.7B | ||
| Q4 25 | $13.4B | $7.7B | ||
| Q3 25 | $12.5B | $7.9B | ||
| Q2 25 | $11.5B | $7.9B | ||
| Q1 25 | $10.3B | $6.7B | ||
| Q4 24 | $9.8B | $6.5B | ||
| Q3 24 | $9.5B | $7.4B | ||
| Q2 24 | $9.0B | $7.4B |
| Q1 26 | $42.1B | $52.4B | ||
| Q4 25 | $36.2B | $54.2B | ||
| Q3 25 | $27.1B | $53.3B | ||
| Q2 25 | $25.7B | $51.4B | ||
| Q1 25 | $22.9B | $48.5B | ||
| Q4 24 | $21.4B | $48.1B | ||
| Q3 24 | $19.6B | $47.2B | ||
| Q2 24 | $18.6B | $42.3B |
| Q1 26 | 1.33× | 2.82× | ||
| 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× | — |
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 | $3.0B |
| Free Cash FlowOCF − Capex | $831.2M | — |
| FCF MarginFCF / Revenue | 10.9% | — |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 1.19× | 0.77× |
| TTM Free Cash FlowTrailing 4 quarters | $4.6B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | $3.0B | ||
| Q4 25 | $1.7B | $5.0B | ||
| Q3 25 | $1.5B | $5.7B | ||
| Q2 25 | $1.4B | $4.6B | ||
| Q1 25 | $764.9M | $2.4B | ||
| Q4 24 | $847.1M | $4.8B | ||
| Q3 24 | $704.0M | $5.1B | ||
| Q2 24 | $664.1M | $3.1B |
| Q1 26 | $831.2M | — | ||
| Q4 25 | $1.5B | $4.9B | ||
| Q3 25 | $1.2B | $5.5B | ||
| Q2 25 | $1.1B | $4.6B | ||
| Q1 25 | $576.3M | $2.2B | ||
| Q4 24 | $647.3M | $4.7B | ||
| Q3 24 | $474.0M | $5.0B | ||
| Q2 24 | $522.8M | $3.0B |
| Q1 26 | 10.9% | — | ||
| Q4 25 | 22.8% | 55.5% | ||
| Q3 25 | 19.6% | 63.8% | ||
| Q2 25 | 19.8% | 56.1% | ||
| Q1 25 | 12.0% | 30.6% | ||
| Q4 24 | 15.0% | 63.3% | ||
| Q3 24 | 11.7% | 68.2% | ||
| Q2 24 | 14.5% | 43.4% |
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 1.3% | ||
| Q3 25 | 4.2% | 2.1% | ||
| Q2 25 | 5.3% | 0.5% | ||
| Q1 25 | 3.9% | 2.2% | ||
| Q4 24 | 4.6% | 1.3% | ||
| Q3 24 | 5.7% | 1.5% | ||
| Q2 24 | 3.9% | 1.7% |
| Q1 26 | 1.19× | 0.77× | ||
| Q4 25 | 1.44× | 1.23× | ||
| Q3 25 | 1.18× | 1.44× | ||
| Q2 25 | 1.30× | 1.24× | ||
| Q1 25 | 1.04× | 0.73× | ||
| Q4 24 | 1.14× | 1.45× | ||
| Q3 24 | 1.16× | 1.57× | ||
| Q2 24 | 1.27× | 0.96× |
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% |
MA
Segment breakdown not available.
