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Side-by-side financial comparison of Amphenol (APH) and Ulta Beauty (ULTA). Click either name above to swap in a different company.
Amphenol is the larger business by last-quarter revenue ($7.6B vs $3.9B, roughly 2.0× Ulta Beauty). Amphenol runs the higher net margin — 12.4% vs 9.1%, a 3.2% gap on every dollar of revenue. On growth, Ulta Beauty posted the faster year-over-year revenue change (100.0% vs 58.4%). Over the past eight quarters, Amphenol's revenue compounded faster (45.3% CAGR vs 4.7%).
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.
Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc. and before 2000 as Ulta3, is an American chain of cosmetic stores headquartered in Bolingbrook, Illinois. Ulta Beauty carries both high- and low-end cosmetics, fragrances, nail products, bath and body products, beauty tools and haircare products. Each location has a beauty salon available to the public.
APH vs ULTA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2027
| Metric | | |
|---|---|---|
| Revenue | $7.6B | $3.9B |
| Net Profit | $943.3M | $356.7M |
| Gross Margin | 36.7% | 38.1% |
| Operating Margin | 24.0% | 12.2% |
| Net Margin | 12.4% | 9.1% |
| Revenue YoY | 58.4% | 100.0% |
| Net Profit YoY | 26.8% | 9.1% |
| EPS (diluted) | $0.72 | $8.01 |
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 | $3.9B | ||
| Q4 25 | $6.4B | $2.9B | ||
| Q3 25 | $6.2B | $2.8B | ||
| Q2 25 | $5.7B | $2.8B | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.3B | $2.5B | ||
| Q3 24 | $4.0B | $2.6B | ||
| Q2 24 | $3.6B | $2.7B |
| Q1 26 | $943.3M | $356.7M | ||
| Q4 25 | $1.2B | $230.9M | ||
| Q3 25 | $1.2B | $260.9M | ||
| Q2 25 | $1.1B | $305.1M | ||
| Q1 25 | $737.8M | — | ||
| Q4 24 | $746.1M | $242.2M | ||
| Q3 24 | $604.4M | $252.6M | ||
| Q2 24 | $524.8M | $313.1M |
| Q1 26 | 36.7% | 38.1% | ||
| Q4 25 | 38.2% | 40.4% | ||
| Q3 25 | 38.1% | 39.2% | ||
| Q2 25 | 36.3% | 39.1% | ||
| Q1 25 | 34.2% | — | ||
| Q4 24 | 34.3% | 39.7% | ||
| Q3 24 | 33.6% | 38.3% | ||
| Q2 24 | 33.6% | 39.2% |
| Q1 26 | 24.0% | 12.2% | ||
| Q4 25 | 26.8% | 10.8% | ||
| Q3 25 | 27.5% | 12.4% | ||
| Q2 25 | 25.1% | 14.1% | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | 22.1% | 12.6% | ||
| Q3 24 | 20.3% | 12.9% | ||
| Q2 24 | 19.4% | 14.7% |
| Q1 26 | 12.4% | 9.1% | ||
| Q4 25 | 18.6% | 8.1% | ||
| Q3 25 | 20.1% | 9.4% | ||
| Q2 25 | 19.3% | 10.7% | ||
| Q1 25 | 15.3% | — | ||
| Q4 24 | 17.3% | 9.6% | ||
| Q3 24 | 15.0% | 9.9% | ||
| Q2 24 | 14.5% | 11.5% |
| Q1 26 | $0.72 | $8.01 | ||
| Q4 25 | $0.93 | $5.14 | ||
| Q3 25 | $0.97 | $5.78 | ||
| Q2 25 | $0.86 | $6.70 | ||
| Q1 25 | $0.58 | — | ||
| Q4 24 | $0.16 | $5.14 | ||
| Q3 24 | $0.48 | $5.30 | ||
| Q2 24 | $0.41 | $6.47 |
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 | $494.2M |
| Total DebtLower is stronger | $18.7B | $62.3M |
| Stockholders' EquityBook value | $14.1B | $2.8B |
| Total Assets | $42.1B | $7.0B |
| Debt / EquityLower = less leverage | 1.33× | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6B | $494.2M | ||
| Q4 25 | $11.4B | $204.9M | ||
| Q3 25 | $3.9B | $242.7M | ||
| Q2 25 | $3.2B | $454.6M | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $3.3B | $177.8M | ||
| Q3 24 | $1.6B | $414.0M | ||
| Q2 24 | $1.3B | $524.6M |
| Q1 26 | $18.7B | $62.3M | ||
| 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 | $2.8B | ||
| Q4 25 | $13.4B | $2.6B | ||
| Q3 25 | $12.5B | $2.6B | ||
| Q2 25 | $11.5B | $2.4B | ||
| Q1 25 | $10.3B | — | ||
| Q4 24 | $9.8B | $2.3B | ||
| Q3 24 | $9.5B | $2.3B | ||
| Q2 24 | $9.0B | $2.3B |
| Q1 26 | $42.1B | $7.0B | ||
| Q4 25 | $36.2B | $7.0B | ||
| Q3 25 | $27.1B | $6.6B | ||
| Q2 25 | $25.7B | $6.0B | ||
| Q1 25 | $22.9B | — | ||
| Q4 24 | $21.4B | $6.0B | ||
| Q3 24 | $19.6B | $5.7B | ||
| Q2 24 | $18.6B | $5.6B |
| Q1 26 | 1.33× | 0.02× | ||
| 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 | $1.5B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 3.8% | 11.2% |
| Cash ConversionOCF / Net Profit | 1.19× | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | $1.5B | ||
| Q4 25 | $1.7B | $5.6M | ||
| Q3 25 | $1.5B | $96.5M | ||
| Q2 25 | $1.4B | $220.0M | ||
| Q1 25 | $764.9M | — | ||
| Q4 24 | $847.1M | $-56.8M | ||
| Q3 24 | $704.0M | $199.5M | ||
| Q2 24 | $664.1M | $159.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $-81.6M | ||
| Q3 25 | $1.2B | $19.6M | ||
| Q2 25 | $1.1B | $141.0M | ||
| Q1 25 | $576.3M | — | ||
| Q4 24 | $647.3M | $-171.1M | ||
| Q3 24 | $474.0M | $104.3M | ||
| Q2 24 | $522.8M | $68.3M |
| Q1 26 | — | — | ||
| Q4 25 | 22.8% | -2.9% | ||
| Q3 25 | 19.6% | 0.7% | ||
| Q2 25 | 19.8% | 4.9% | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 15.0% | -6.8% | ||
| Q3 24 | 11.7% | 4.1% | ||
| Q2 24 | 14.5% | 2.5% |
| Q1 26 | 3.8% | 11.2% | ||
| Q4 25 | 3.9% | 3.1% | ||
| Q3 25 | 4.2% | 2.8% | ||
| Q2 25 | 5.3% | 2.8% | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | 4.6% | 4.5% | ||
| Q3 24 | 5.7% | 3.7% | ||
| Q2 24 | 3.9% | 3.3% |
| Q1 26 | 1.19× | 4.21× | ||
| Q4 25 | 1.44× | 0.02× | ||
| Q3 25 | 1.18× | 0.37× | ||
| Q2 25 | 1.30× | 0.72× | ||
| Q1 25 | 1.04× | — | ||
| Q4 24 | 1.14× | -0.23× | ||
| Q3 24 | 1.16× | 0.79× | ||
| Q2 24 | 1.27× | 0.51× |
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% |
ULTA
Segment breakdown not available.
