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Side-by-side financial comparison of Amphenol (APH) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
Amphenol is the larger business by last-quarter revenue ($7.6B vs $6.2B, roughly 1.2× Union Pacific Corporation). Union Pacific Corporation runs the higher net margin — 27.4% vs 12.4%, a 15.0% gap on every dollar of revenue. On growth, Amphenol posted the faster year-over-year revenue change (58.4% vs 3.2%). Amphenol produced more free cash flow last quarter ($831.2M vs $631.0M). Over the past eight quarters, Amphenol's revenue compounded faster (45.3% CAGR vs 1.7%).
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.
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
APH vs UNP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.6B | $6.2B |
| Net Profit | $943.3M | $1.7B |
| Gross Margin | 36.7% | — |
| Operating Margin | 24.0% | 39.5% |
| Net Margin | 12.4% | 27.4% |
| Revenue YoY | 58.4% | 3.2% |
| Net Profit YoY | 26.8% | -2.1% |
| EPS (diluted) | $0.72 | $2.87 |
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 | $6.2B | ||
| Q4 25 | $6.4B | $6.1B | ||
| Q3 25 | $6.2B | $6.2B | ||
| Q2 25 | $5.7B | $6.2B | ||
| Q1 25 | $4.8B | $6.0B | ||
| Q4 24 | $4.3B | $6.1B | ||
| Q3 24 | $4.0B | $6.1B | ||
| Q2 24 | $3.6B | $6.0B |
| Q1 26 | $943.3M | $1.7B | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $737.8M | $1.6B | ||
| Q4 24 | $746.1M | $1.8B | ||
| Q3 24 | $604.4M | $1.7B | ||
| Q2 24 | $524.8M | $1.7B |
| 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% | 39.5% | ||
| Q4 25 | 26.8% | 39.5% | ||
| Q3 25 | 27.5% | 40.8% | ||
| Q2 25 | 25.1% | 41.0% | ||
| Q1 25 | 21.3% | 39.3% | ||
| Q4 24 | 22.1% | 41.3% | ||
| Q3 24 | 20.3% | 39.7% | ||
| Q2 24 | 19.4% | 40.0% |
| Q1 26 | 12.4% | 27.4% | ||
| Q4 25 | 18.6% | 30.4% | ||
| Q3 25 | 20.1% | 28.6% | ||
| Q2 25 | 19.3% | 30.5% | ||
| Q1 25 | 15.3% | 27.0% | ||
| Q4 24 | 17.3% | 28.8% | ||
| Q3 24 | 15.0% | 27.4% | ||
| Q2 24 | 14.5% | 27.9% |
| Q1 26 | $0.72 | $2.87 | ||
| Q4 25 | $0.93 | $3.12 | ||
| Q3 25 | $0.97 | $3.01 | ||
| Q2 25 | $0.86 | $3.15 | ||
| Q1 25 | $0.58 | $2.70 | ||
| Q4 24 | $0.16 | $2.91 | ||
| Q3 24 | $0.48 | $2.75 | ||
| Q2 24 | $0.41 | $2.74 |
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 | $735.0M |
| Total DebtLower is stronger | $18.7B | — |
| Stockholders' EquityBook value | $14.1B | — |
| Total Assets | $42.1B | $69.6B |
| Debt / EquityLower = less leverage | 1.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6B | $735.0M | ||
| Q4 25 | $11.4B | $1.3B | ||
| Q3 25 | $3.9B | $808.0M | ||
| Q2 25 | $3.2B | $1.1B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $3.3B | $1.0B | ||
| Q3 24 | $1.6B | $947.0M | ||
| Q2 24 | $1.3B | $1.1B |
| Q1 26 | $18.7B | — | ||
| Q4 25 | $14.6B | $30.3B | ||
| Q3 25 | $7.1B | $30.3B | ||
| Q2 25 | $7.1B | $30.3B | ||
| Q1 25 | $6.8B | $30.6B | ||
| Q4 24 | $6.5B | $29.8B | ||
| Q3 24 | $5.1B | $29.8B | ||
| Q2 24 | $5.0B | $31.2B |
| Q1 26 | $14.1B | — | ||
| Q4 25 | $13.4B | $18.5B | ||
| Q3 25 | $12.5B | $17.3B | ||
| Q2 25 | $11.5B | $16.3B | ||
| Q1 25 | $10.3B | $16.0B | ||
| Q4 24 | $9.8B | $16.9B | ||
| Q3 24 | $9.5B | $16.6B | ||
| Q2 24 | $9.0B | $16.5B |
| Q1 26 | $42.1B | $69.6B | ||
| Q4 25 | $36.2B | $69.7B | ||
| Q3 25 | $27.1B | $68.6B | ||
| Q2 25 | $25.7B | $68.6B | ||
| Q1 25 | $22.9B | $68.5B | ||
| Q4 24 | $21.4B | $67.7B | ||
| Q3 24 | $19.6B | $67.6B | ||
| Q2 24 | $18.6B | $67.8B |
| Q1 26 | 1.33× | — | ||
| Q4 25 | 1.09× | 1.64× | ||
| Q3 25 | 0.57× | 1.75× | ||
| Q2 25 | 0.62× | 1.86× | ||
| Q1 25 | 0.66× | 1.91× | ||
| Q4 24 | 0.66× | 1.76× | ||
| Q3 24 | 0.54× | 1.79× | ||
| Q2 24 | 0.56× | 1.89× |
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 | — |
| Free Cash FlowOCF − Capex | $831.2M | $631.0M |
| FCF MarginFCF / Revenue | 10.9% | 10.1% |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 1.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.6B | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $2.2B | ||
| Q3 25 | $1.5B | $2.5B | ||
| Q2 25 | $1.4B | $2.3B | ||
| Q1 25 | $764.9M | $2.2B | ||
| Q4 24 | $847.1M | $2.7B | ||
| Q3 24 | $704.0M | $2.7B | ||
| Q2 24 | $664.1M | $1.9B |
| Q1 26 | $831.2M | $631.0M | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $576.3M | $1.3B | ||
| Q4 24 | $647.3M | $1.7B | ||
| Q3 24 | $474.0M | $1.8B | ||
| Q2 24 | $522.8M | $1.0B |
| Q1 26 | 10.9% | 10.1% | ||
| Q4 25 | 22.8% | 20.1% | ||
| Q3 25 | 19.6% | 25.2% | ||
| Q2 25 | 19.8% | 22.7% | ||
| Q1 25 | 12.0% | 21.6% | ||
| Q4 24 | 15.0% | 28.4% | ||
| Q3 24 | 11.7% | 29.9% | ||
| Q2 24 | 14.5% | 16.8% |
| Q1 26 | 3.8% | — | ||
| Q4 25 | 3.9% | 16.4% | ||
| Q3 25 | 4.2% | 15.2% | ||
| Q2 25 | 5.3% | 15.2% | ||
| Q1 25 | 3.9% | 15.0% | ||
| Q4 24 | 4.6% | 15.1% | ||
| Q3 24 | 5.7% | 13.6% | ||
| Q2 24 | 3.9% | 15.0% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | 1.44× | 1.20× | ||
| Q3 25 | 1.18× | 1.41× | ||
| Q2 25 | 1.30× | 1.24× | ||
| Q1 25 | 1.04× | 1.36× | ||
| Q4 24 | 1.14× | 1.51× | ||
| Q3 24 | 1.16× | 1.59× | ||
| Q2 24 | 1.27× | 1.14× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
