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Side-by-side financial comparison of Amphenol (APH) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Amphenol is the larger business by last-quarter revenue ($6.4B vs $4.6B, roughly 1.4× Principal Financial Group). Amphenol runs the higher net margin — 18.6% vs 11.3%, a 7.3% gap on every dollar of revenue. On growth, Amphenol posted the faster year-over-year revenue change (49.1% vs -3.7%). Over the past eight quarters, Amphenol's revenue compounded faster (40.6% CAGR vs 6.3%).
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.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
APH vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.4B | $4.6B |
| Net Profit | $1.2B | $517.0M |
| Gross Margin | 38.2% | — |
| Operating Margin | 26.8% | — |
| Net Margin | 18.6% | 11.3% |
| Revenue YoY | 49.1% | -3.7% |
| Net Profit YoY | 60.2% | -42.9% |
| EPS (diluted) | $0.93 | $2.30 |
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.
| Q4 25 | $6.4B | $4.6B | ||
| Q3 25 | $6.2B | $3.7B | ||
| Q2 25 | $5.7B | $3.7B | ||
| Q1 25 | $4.8B | $3.7B | ||
| Q4 24 | $4.3B | $4.8B | ||
| Q3 24 | $4.0B | $3.0B | ||
| Q2 24 | $3.6B | $4.3B | ||
| Q1 24 | $3.3B | $4.1B |
| Q4 25 | $1.2B | $517.0M | ||
| Q3 25 | $1.2B | $213.8M | ||
| Q2 25 | $1.1B | $406.2M | ||
| Q1 25 | $737.8M | $48.1M | ||
| Q4 24 | $746.1M | $905.4M | ||
| Q3 24 | $604.4M | $-220.0M | ||
| Q2 24 | $524.8M | $353.1M | ||
| Q1 24 | $548.7M | $532.5M |
| 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 24 | 33.4% | — |
| Q4 25 | 26.8% | — | ||
| Q3 25 | 27.5% | — | ||
| Q2 25 | 25.1% | — | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 19.4% | — | ||
| Q1 24 | 21.0% | — |
| Q4 25 | 18.6% | 11.3% | ||
| Q3 25 | 20.1% | 5.8% | ||
| Q2 25 | 19.3% | 11.1% | ||
| Q1 25 | 15.3% | 1.3% | ||
| Q4 24 | 17.3% | 19.1% | ||
| Q3 24 | 15.0% | -7.3% | ||
| Q2 24 | 14.5% | 8.2% | ||
| Q1 24 | 16.9% | 13.1% |
| Q4 25 | $0.93 | $2.30 | ||
| Q3 25 | $0.97 | $0.95 | ||
| Q2 25 | $0.86 | $1.79 | ||
| Q1 25 | $0.58 | $0.21 | ||
| Q4 24 | $0.16 | $3.92 | ||
| Q3 24 | $0.48 | $-0.95 | ||
| Q2 24 | $0.41 | $1.49 | ||
| Q1 24 | $0.87 | $2.22 |
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 | $4.4B |
| Total DebtLower is stronger | $14.6B | $3.9B |
| Stockholders' EquityBook value | $13.4B | $11.9B |
| Total Assets | $36.2B | $341.4B |
| Debt / EquityLower = less leverage | 1.09× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.4B | $4.4B | ||
| Q3 25 | $3.9B | $5.1B | ||
| Q2 25 | $3.2B | $3.7B | ||
| Q1 25 | $1.7B | $3.9B | ||
| Q4 24 | $3.3B | $4.2B | ||
| Q3 24 | $1.6B | $6.2B | ||
| Q2 24 | $1.3B | $4.8B | ||
| Q1 24 | $2.0B | $4.2B |
| Q4 25 | $14.6B | $3.9B | ||
| Q3 25 | $7.1B | $3.9B | ||
| Q2 25 | $7.1B | $3.9B | ||
| Q1 25 | $6.8B | $4.3B | ||
| Q4 24 | $6.5B | $4.0B | ||
| Q3 24 | $5.1B | $3.9B | ||
| Q2 24 | $5.0B | $3.9B | ||
| Q1 24 | $3.6B | $3.9B |
| Q4 25 | $13.4B | $11.9B | ||
| Q3 25 | $12.5B | $11.7B | ||
| Q2 25 | $11.5B | $11.4B | ||
| Q1 25 | $10.3B | $11.2B | ||
| Q4 24 | $9.8B | $11.1B | ||
| Q3 24 | $9.5B | $11.2B | ||
| Q2 24 | $9.0B | $11.0B | ||
| Q1 24 | $8.7B | $11.2B |
| Q4 25 | $36.2B | $341.4B | ||
| Q3 25 | $27.1B | $334.5B | ||
| Q2 25 | $25.7B | $323.1B | ||
| Q1 25 | $22.9B | $313.0B | ||
| Q4 24 | $21.4B | $313.7B | ||
| Q3 24 | $19.6B | $322.9B | ||
| Q2 24 | $18.6B | $308.8B | ||
| Q1 24 | $16.7B | $308.7B |
| Q4 25 | 1.09× | 0.33× | ||
| Q3 25 | 0.57× | 0.34× | ||
| Q2 25 | 0.62× | 0.34× | ||
| Q1 25 | 0.66× | 0.39× | ||
| Q4 24 | 0.66× | 0.36× | ||
| Q3 24 | 0.54× | 0.35× | ||
| Q2 24 | 0.56× | 0.36× | ||
| Q1 24 | 0.41× | 0.35× |
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 | $1.7B |
| Free Cash FlowOCF − Capex | $1.5B | — |
| FCF MarginFCF / Revenue | 22.8% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | 1.44× | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $4.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.4B | $811.9M | ||
| Q1 25 | $764.9M | $977.3M | ||
| Q4 24 | $847.1M | $1.5B | ||
| Q3 24 | $704.0M | $1.1B | ||
| Q2 24 | $664.1M | $1.4B | ||
| Q1 24 | $599.5M | $584.2M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $576.3M | — | ||
| Q4 24 | $647.3M | — | ||
| Q3 24 | $474.0M | — | ||
| Q2 24 | $522.8M | — | ||
| Q1 24 | $505.2M | — |
| Q4 25 | 22.8% | — | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | 15.5% | — |
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 2.9% | — |
| Q4 25 | 1.44× | 3.37× | ||
| Q3 25 | 1.18× | 4.70× | ||
| Q2 25 | 1.30× | 2.00× | ||
| Q1 25 | 1.04× | 20.32× | ||
| Q4 24 | 1.14× | 1.61× | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.27× | 4.05× | ||
| Q1 24 | 1.09× | 1.10× |
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% |
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
