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Side-by-side financial comparison of Amphenol (APH) and McDonald's (MCD). Click either name above to swap in a different company.
Amphenol is the larger business by last-quarter revenue ($7.6B vs $7.0B, roughly 1.1× McDonald's). McDonald's runs the higher net margin — 30.9% vs 12.4%, a 18.5% gap on every dollar of revenue. On growth, Amphenol posted the faster year-over-year revenue change (58.4% vs 9.7%). McDonald's produced more free cash flow last quarter ($1.6B vs $831.2M). Over the past eight quarters, Amphenol's revenue compounded faster (45.3% CAGR vs 6.6%).
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.
McDonald's Corporation, doing business as McDonald's, is an American multinational fast food restaurant chain. As of 2024, it is the second-largest by number of locations in the world, behind the Chinese chain Mixue Ice Cream & Tea.
APH vs MCD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.6B | $7.0B |
| Net Profit | $943.3M | $2.2B |
| Gross Margin | 36.7% | — |
| Operating Margin | 24.0% | 45.0% |
| Net Margin | 12.4% | 30.9% |
| Revenue YoY | 58.4% | 9.7% |
| Net Profit YoY | 26.8% | 7.3% |
| EPS (diluted) | $0.72 | $3.03 |
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 | $7.0B | ||
| Q3 25 | $6.2B | $7.1B | ||
| Q2 25 | $5.7B | $6.8B | ||
| Q1 25 | $4.8B | $6.0B | ||
| Q4 24 | $4.3B | $6.4B | ||
| Q3 24 | $4.0B | $6.9B | ||
| Q2 24 | $3.6B | $6.5B |
| Q1 26 | $943.3M | — | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $737.8M | $1.9B | ||
| Q4 24 | $746.1M | $2.0B | ||
| Q3 24 | $604.4M | $2.3B | ||
| Q2 24 | $524.8M | $2.0B |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 38.2% | — | ||
| Q3 25 | 38.1% | 90.6% | ||
| Q2 25 | 36.3% | 90.4% | ||
| Q1 25 | 34.2% | 89.6% | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 33.6% | 90.6% | ||
| Q2 24 | 33.6% | 90.3% |
| Q1 26 | 24.0% | — | ||
| Q4 25 | 26.8% | 45.0% | ||
| Q3 25 | 27.5% | 47.4% | ||
| Q2 25 | 25.1% | 47.2% | ||
| Q1 25 | 21.3% | 44.5% | ||
| Q4 24 | 22.1% | 44.9% | ||
| Q3 24 | 20.3% | 46.4% | ||
| Q2 24 | 19.4% | 45.0% |
| Q1 26 | 12.4% | — | ||
| Q4 25 | 18.6% | 30.9% | ||
| Q3 25 | 20.1% | 32.2% | ||
| Q2 25 | 19.3% | 32.9% | ||
| Q1 25 | 15.3% | 31.4% | ||
| Q4 24 | 17.3% | 31.6% | ||
| Q3 24 | 15.0% | 32.8% | ||
| Q2 24 | 14.5% | 31.2% |
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.93 | $3.03 | ||
| Q3 25 | $0.97 | $3.18 | ||
| Q2 25 | $0.86 | $3.14 | ||
| Q1 25 | $0.58 | $2.60 | ||
| Q4 24 | $0.16 | $2.80 | ||
| Q3 24 | $0.48 | $3.13 | ||
| Q2 24 | $0.41 | $2.80 |
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 | $774.0M |
| Total DebtLower is stronger | $18.7B | $40.0B |
| Stockholders' EquityBook value | $14.1B | $-1.8B |
| Total Assets | $42.1B | $59.5B |
| Debt / EquityLower = less leverage | 1.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6B | — | ||
| Q4 25 | $11.4B | $774.0M | ||
| Q3 25 | $3.9B | $2.4B | ||
| Q2 25 | $3.2B | $1.9B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.3B | $792.0M |
| Q1 26 | $18.7B | — | ||
| Q4 25 | $14.6B | $40.0B | ||
| Q3 25 | $7.1B | — | ||
| Q2 25 | $7.1B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.5B | $38.4B | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.0B | — |
| Q1 26 | $14.1B | — | ||
| Q4 25 | $13.4B | $-1.8B | ||
| Q3 25 | $12.5B | $-2.2B | ||
| Q2 25 | $11.5B | $-2.8B | ||
| Q1 25 | $10.3B | $-3.5B | ||
| Q4 24 | $9.8B | $-3.8B | ||
| Q3 24 | $9.5B | $-5.2B | ||
| Q2 24 | $9.0B | $-4.8B |
| Q1 26 | $42.1B | — | ||
| Q4 25 | $36.2B | $59.5B | ||
| Q3 25 | $27.1B | $60.6B | ||
| Q2 25 | $25.7B | $59.6B | ||
| Q1 25 | $22.9B | $56.3B | ||
| Q4 24 | $21.4B | $55.2B | ||
| Q3 24 | $19.6B | $56.2B | ||
| Q2 24 | $18.6B | $53.8B |
| Q1 26 | 1.33× | — | ||
| 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 | $2.7B |
| Free Cash FlowOCF − Capex | $831.2M | $1.6B |
| FCF MarginFCF / Revenue | 10.9% | 23.4% |
| Capex IntensityCapex / Revenue | 3.8% | 15.1% |
| Cash ConversionOCF / Net Profit | 1.19× | 1.25× |
| TTM Free Cash FlowTrailing 4 quarters | $4.6B | $7.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | $1.5B | $3.4B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $764.9M | $2.4B | ||
| Q4 24 | $847.1M | $2.6B | ||
| Q3 24 | $704.0M | $2.7B | ||
| Q2 24 | $664.1M | $1.7B |
| Q1 26 | $831.2M | — | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $576.3M | $1.9B | ||
| Q4 24 | $647.3M | $1.8B | ||
| Q3 24 | $474.0M | $1.9B | ||
| Q2 24 | $522.8M | $1.1B |
| Q1 26 | 10.9% | — | ||
| Q4 25 | 22.8% | 23.4% | ||
| Q3 25 | 19.6% | 34.1% | ||
| Q2 25 | 19.8% | 18.3% | ||
| Q1 25 | 12.0% | 31.5% | ||
| Q4 24 | 15.0% | 28.6% | ||
| Q3 24 | 11.7% | 28.3% | ||
| Q2 24 | 14.5% | 16.3% |
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 15.1% | ||
| Q3 25 | 4.2% | 14.3% | ||
| Q2 25 | 5.3% | 10.9% | ||
| Q1 25 | 3.9% | 9.3% | ||
| Q4 24 | 4.6% | 12.6% | ||
| Q3 24 | 5.7% | 11.6% | ||
| Q2 24 | 3.9% | 9.7% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | 1.25× | ||
| Q3 25 | 1.18× | 1.50× | ||
| Q2 25 | 1.30× | 0.89× | ||
| Q1 25 | 1.04× | 1.30× | ||
| Q4 24 | 1.14× | 1.30× | ||
| Q3 24 | 1.16× | 1.21× | ||
| Q2 24 | 1.27× | 0.84× |
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% |
MCD
| International Operated Markets | $3.6B | 51% |
| Other | $2.8B | 40% |
| International Developmental Licensed Marketsand Corporate | $633.0M | 9% |
