Net Profit Margin
since 2005
Calculation
Amphenol Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to Amphenol Corporation1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 15.36% | = | 100 | × | 1,928,000) | ÷ | 12,554,700) |
| Dec 31, 2022 | 15.07% | = | 100 | × | 1,902,300) | ÷ | 12,623,000) |
| Dec 31, 2021 | 14.63% | = | 100 | × | 1,590,800) | ÷ | 10,876,300) |
| Dec 31, 2020 | 13.99% | = | 100 | × | 1,203,400) | ÷ | 8,598,900) |
| Dec 31, 2019 | 14.04% | = | 100 | × | 1,155,000) | ÷ | 8,225,400) |
| Dec 31, 2018 | 14.69% | = | 100 | × | 1,205,000) | ÷ | 8,202,000) |
| Dec 31, 2017 | 9.28% | = | 100 | × | 650,500) | ÷ | 7,011,300) |
| Dec 31, 2016 | 13.09% | = | 100 | × | 822,900) | ÷ | 6,286,400) |
| Dec 31, 2015 | 13.71% | = | 100 | × | 763,500) | ÷ | 5,568,700) |
| Dec 31, 2014 | 13.27% | = | 100 | × | 709,100) | ÷ | 5,345,500) |
| Dec 31, 2013 | 13.78% | = | 100 | × | 635,672) | ÷ | 4,614,669) |
| Dec 31, 2012 | 12.94% | = | 100 | × | 555,317) | ÷ | 4,292,065) |
| Dec 31, 2011 | 13.31% | = | 100 | × | 524,191) | ÷ | 3,939,786) |
| Dec 31, 2010 | 13.97% | = | 100 | × | 496,405) | ÷ | 3,554,101) |
| Dec 31, 2009 | 11.27% | = | 100 | × | 317,834) | ÷ | 2,820,065) |
| Dec 31, 2008 | 12.95% | = | 100 | × | 419,151) | ÷ | 3,236,471) |
| Dec 31, 2007 | 12.39% | = | 100 | × | 353,194) | ÷ | 2,851,041) |
| Dec 31, 2006 | 10.35% | = | 100 | × | 255,691) | ÷ | 2,471,430) |
| Dec 31, 2005 | 11.41% | = | 100 | × | 206,339) | ÷ | 1,808,147) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial performance from 2005 to 2023 is characterized by substantial scaling in both top-line revenue and bottom-line profitability. Net sales grew from approximately 1.81 billion US dollars in 2005 to 12.55 billion US dollars by 2023, while net income attributable to the corporation increased from 206.34 million US dollars to 1.93 billion US dollars over the same period. This indicates a long-term trajectory of aggressive growth and expanding operational scale.
- Net Profit Margin Stability and Volatility
- Between 2005 and 2016, the net profit margin remained relatively stable, generally fluctuating within a range of 10.35% to 13.97%. A brief decline occurred in 2009, coinciding with a dip in net sales, though the margin recovered quickly to 13.97% by 2010. This period demonstrates a consistent ability to maintain profitability despite fluctuations in sales volume.
- The 2017 Profitability Contraction
- A significant deviation in profitability is observed in 2017, where the net profit margin dropped to 9.28%, the lowest point in the analyzed period. This contraction occurred despite an increase in net sales to 7.01 billion US dollars, suggesting that expenses grew at a rate significantly higher than revenue or that the company encountered non-recurring charges during that fiscal year.
- Recent Margin Expansion and Optimization
- Following the 2017 low, a sustained upward trend in profitability is evident. From 2018 through 2023, the net profit margin ascended from 14.69% to a peak of 15.36%. This expansion indicates improved operational efficiency, better cost management, or a shift toward higher-margin product mixes as the company scaled toward its 12.55 billion US dollar revenue mark.
- Correlation Between Scale and Efficiency
- The data reveals that the company has successfully leveraged its increased size to enhance profitability. While the first decade of the analyzed period saw margins plateauing around 13%, the most recent three years (2021-2023) show a consistent level above 14.6%, suggesting that the corporation has entered a phase of increased pricing power or optimized economies of scale.
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Comparison to Competitors
Amphenol Corp., net profit margin, long-term trends, comparison to competitors
| Amphenol Corp. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 15.36% | 25.31% | 35.62% | 22.13% | 2.39% | -7.45% | 8.98% |
| Dec 31, 2022 | 15.07% | 25.31% | 30.87% | 22.91% | 5.50% | 11.61% | 5.49% |
| Dec 31, 2021 | 14.63% | 25.88% | 28.52% | 21.26% | 3.45% | 22.80% | 3.14% |
| Dec 31, 2020 | 13.99% | 20.91% | 27.38% | 22.75% | 5.01% | 8.07% | 2.52% |
| Dec 31, 2019 | 14.04% | 21.24% | 35.67% | 22.39% | -2.55% | -2.33% | 2.05% |
| Dec 31, 2018 | 14.69% | 22.41% | 15.25% | 0.22% | — | 19.88% | 1.37% |
| Dec 31, 2017 | 9.28% | 21.09% | 25.71% | 20.02% | — | -10.23% | 2.69% |
| Dec 31, 2016 | 13.09% | 21.19% | 16.31% | 21.81% | — | 1.03% | 3.25% |
| Dec 31, 2015 | 13.71% | 22.85% | 14.46% | 18.27% | — | -0.41% | 5.12% |
| Dec 31, 2014 | 13.27% | 21.61% | 14.87% | 16.66% | — | — | 3.69% |
| Dec 31, 2013 | 13.78% | 21.67% | — | 20.54% | — | — | 1.83% |
| Dec 31, 2012 | 12.94% | 26.67% | — | 17.46% | — | — | 2.94% |
| Dec 31, 2011 | 13.31% | 23.95% | — | 15.02% | — | — | 4.27% |
| Dec 31, 2010 | 13.97% | 21.48% | — | 19.40% | — | — | 3.73% |
| Dec 31, 2009 | 11.27% | 15.61% | — | 16.98% | — | — | 3.19% |
| Dec 31, 2008 | 12.95% | 14.88% | — | 20.36% | — | — | 4.70% |
| Dec 31, 2007 | 12.39% | 14.56% | — | 21.00% | — | — | 4.60% |
| Dec 31, 2006 | 10.35% | 10.30% | — | 19.59% | — | — | — |
| Dec 31, 2005 | 11.41% | 9.58% | — | 23.15% | — | — | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Amphenol Corp., net profit margin, long-term trends, comparison to sector (technology hardware & equipment)
| Amphenol Corp. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2023 | 15.36% | 20.57% |
| Dec 31, 2022 | 15.07% | 21.31% |
| Dec 31, 2021 | 14.63% | 21.21% |
| Dec 31, 2020 | 13.99% | 17.50% |
| Dec 31, 2019 | 14.04% | 15.96% |
| Dec 31, 2018 | 14.69% | 18.73% |
| Dec 31, 2017 | 9.28% | 20.66% |
| Dec 31, 2016 | 13.09% | 21.06% |
| Dec 31, 2015 | 13.71% | 21.84% |
| Dec 31, 2014 | 13.27% | 20.48% |
| Dec 31, 2013 | 13.78% | 21.32% |
| Dec 31, 2012 | 12.94% | 24.46% |
| Dec 31, 2011 | 13.31% | 21.29% |
| Dec 31, 2010 | 13.97% | 20.58% |
| Dec 31, 2009 | 11.27% | 16.20% |
| Dec 31, 2008 | 12.95% | 17.79% |
| Dec 31, 2007 | 12.39% | 18.28% |
| Dec 31, 2006 | 10.35% | 15.84% |
| Dec 31, 2005 | 11.41% | 18.27% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Amphenol Corp., net profit margin, long-term trends, comparison to industry (information technology)
| Amphenol Corp. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 15.36% | 20.24% |
| Dec 31, 2022 | 15.07% | 22.27% |
| Dec 31, 2021 | 14.63% | 23.48% |
| Dec 31, 2020 | 13.99% | 19.76% |
| Dec 31, 2019 | 14.04% | 19.73% |
| Dec 31, 2018 | 14.69% | 18.59% |
| Dec 31, 2017 | 9.28% | 17.77% |
| Dec 31, 2016 | 13.09% | 17.58% |
| Dec 31, 2015 | 13.71% | 18.32% |
| Dec 31, 2014 | 13.27% | 19.33% |
| Dec 31, 2013 | 13.78% | 20.15% |
| Dec 31, 2012 | 12.94% | 20.07% |
| Dec 31, 2011 | 13.31% | 20.71% |
| Dec 31, 2010 | 13.97% | 20.19% |
| Dec 31, 2009 | 11.27% | 14.45% |
| Dec 31, 2008 | 12.95% | 15.07% |
| Dec 31, 2007 | 12.39% | 15.71% |
| Dec 31, 2006 | 10.35% | 16.26% |
| Dec 31, 2005 | 11.41% | 16.64% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).