FPS vs APH vs ETN Stock Comparison

Forgent Power Solutions, Amphenol and Eaton Prices as of Oct 26, 2026 Peers: Industry group
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APH Amphenol Corp /De/
$75.28 -10.5% 1M -43.7% 1Y
Market cap
$191.18B
P/E
37.2x
Revenue (TTM)
$29.01B
Div. yield
0.01%
Electrical Equipment Industrials
7 wins
ETN Eaton Corp plc
$371.81 -15.5% 1M -1.2% 1Y
Market cap
$149.45B
P/E
39.0x
Revenue (TTM)
$30.03B
Div. yield
–
Electrical Equipment Industrials
3 wins

Head to Head

11 decided of 12

Amphenol leads on 7 of the 12 questions below (Amphenol 7, Eaton 3, Forgent Power Solutions 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFPSAPHETNLeader
Larger companyMarket capitalisation $6.50B $191.18B $149.45B APH
Cheaper on earningsLower P/E, profitable companies only 74.7x 37.2x 39.0x APH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.1x 28.8x 26.8x FPS
Faster revenue growthRevenue growth, trailing twelve months — +54.2% +15.5% APH
More profitableNet margin, trailing twelve months — 17.7% 12.8% APH
Better return on capitalReturn on invested capital — 16.5% 10.3% APH
Less leveragedLower net debt / EBITDA — 1.5x 3.1x APH
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months — -43.7% -1.2% ETN
Better 5-year returnAnnualised price return, 5 years — +14.7%/yr +18.4%/yr ETN
Less volatileAnnualised volatility, 1 year 90.9% 85.6% 40.6% ETN
Higher overall scoreMean of the five percentile scores vs peers — 64/100 45/100 APH

Percentile Scorecard

FPSAPHETN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFPSAPHETN
Valuation 5 #194 of 203 19 #164 of 203 14 #174 of 203
Growth – 97 #7 of 187 73 #51 of 187
Profitability – 98 #5 of 185 75 #47 of 185
Financial Health 20 #176 of 219 42 #127 of 219 20 #175 of 219
Shareholder Returns – 66 #53 of 153 45 #85 of 153
Overall – 64 45
  • FPS ranked among 222 companies in Machinery
  • APH ranked among 222 companies in Machinery
  • ETN ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFPSAPHETNSPY
1 month -35.5%-10.5%-15.5% -0.8%
3 months -30.6%-49.6%-6.7% +3.5%
6 months -32.4%-49.4%-10.8% +7.0%
Year to date —-44.3%+16.7% +12.2%
1 year —-43.7%-1.2% +13.0%
3 years —+89.8%+90.4% +86.3%
3 years, per year —+23.8%+24.0% +23.1%
5 years —+98.7%+132.2% +68.6%
5 years, per year —+14.7%+18.4% +11.0%
10 years —+359.5%+479.1% +258.0%
10 years, per year —+16.5%+19.2% +13.6%

Risk

MeasureFPSAPHETNSPY
Volatility, 1Y 90.9%85.6%40.6% 12.7%
Downside volatility, 1Y 90.8%114.2%43.6% 12.7%
Beta vs S&P 500, 1Y 3.591.701.86 1.00
Return / volatility, 1Y —-0.51-0.03 1.02
Max drawdown, 5Y -62.5%-58.6%-34.7% -25.4%
From 52-week high -61.1%-57.3%-19.2% -1.8%
52-week high $64.59$176.32$459.94 $779.14
52-week low $24.22$73.07$315.82 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFPSAPHETN
P/E now vs peer median 74.7xmedian 26.0x 36.0xmedian 26.0x 37.7xmedian 26.0x
P/S now vs peer median 4.9xmedian 1.9x 6.4xmedian 1.9x 4.8xmedian 1.9x
EV/EBITDA now vs peer median —median 14.0x 21.8xmedian 14.0x 25.3xmedian 14.0x
P/FCF now vs peer median -1,011xmedian 21.4x 39.4xmedian 21.4x 36.7xmedian 21.4x
P/B now vs peer median 10.3xmedian 2.2x 11.9xmedian 2.2x 7.1xmedian 2.2x
PEG now vs peer median —median 1.26 0.96median 1.26 2.84median 1.26

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFPSAPHETN
Revenue – $29.01B $30.03B
Gross profit – $11.17B $10.78B
Operating income – $7.84B $5.32B
Net income – $5.19B $3.83B
Free cash flow – $4.71B $3.93B
R&D – – $844.00M
EPS (diluted) – $1.99 $9.83
Cash & equivalents $97.48M $4.73B $483.00M
Total debt $582.18M $18.81B $20.61B
Shares (diluted) 243.80M 2.58B 389.50M
Enterprise value $6.50B $185.76B $146.63B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFPSAPHETN
P/E 74.7x 36.0x 37.7x
P/FCF -1,011x 39.4x 36.7x
P/Operating cash flow – 31.6x 29.2x
P/S 4.9x 6.4x 4.8x
P/B 10.3x 11.9x 7.1x
P/Tangible book 18.1x 18.0x 18.8x
EV/EBITDA – 21.8x 25.3x
EV/EBIT – 25.4x 30.9x
EV/Revenue – 6.9x 5.5x
EV/FCF – 42.2x 41.8x
EV/Operating cash flow – 33.9x 33.2x
PEG (3Y EPS CAGR) – 0.96 2.84

Growth

14 metrics
MetricFPSAPHETN
Revenue growth (1Y) – 54.2% 15.5%
Revenue CAGR (3Y) – 32.2% 10.8%
Gross profit growth (1Y) – 70.9% 8.7%
Gross profit CAGR (3Y) – 40.4% 12.3%
Operating income growth (1Y) – 86.0% 8.7%
Operating income CAGR (3Y) – 45.3% 15.9%
Net income growth (1Y) – 61.8% -2.4%
Net income CAGR (3Y) – 39.3% 12.2%
EPS growth (1Y) – 59.6% -2.0%
EPS CAGR (3Y) – 37.3% 13.3%
Operating cash flow growth (1Y) – 57.3% 21.9%
Operating cash flow CAGR (3Y) – 35.7% 14.1%
Free cash flow growth (1Y) – 67.3% 20.1%
Free cash flow CAGR (3Y) – 34.4% 13.3%

Profitability

14 metrics
MetricFPSAPHETN
Gross margin – 38.5% 35.9%
EBITDA margin – 31.5% 21.7%
Operating margin – 27.0% 17.7%
Pretax margin – 25.2% 16.1%
Net margin – 17.7% 12.8%
FCF margin – 16.2% 13.1%
Operating cash flow margin – 20.2% 16.5%
Return on equity – 34.9% 19.1%
Return on assets – 11.9% 6.9%
Return on invested capital – 16.5% 10.3%
Return on capital employed – 23.0% 12.2%
Asset turnover – 0.7x 0.5x
Cash conversion (OCF / net income) – 1.1x 1.3x
Stock comp / revenue – 0.5% –

Financial Health

11 metrics
MetricFPSAPHETN
Debt / assets 26.1% 42.0% 36.7%
Debt / equity 0.9x 1.2x 1.0x
Net debt / EBITDA – 1.5x 3.1x
Debt / FCF – 4.0x 5.2x
Liabilities / assets 69.9% 65.2% 63.9%
Equity / assets 30.1% 34.8% 36.1%
Interest coverage – 12.4x 12.0x
Current ratio 1.5x 1.9x 1.2x
Quick ratio 1.0x 1.3x 0.7x
Cash ratio 0.2x 0.6x 0.1x
Altman Z-score – 5.63 3.61

Shareholder Returns

7 metrics
MetricFPSAPHETN
Dividend yield – 0.7% 1.2%
Net buyback yield – 0.2% 0.4%
Shareholder yield – 0.8% 1.5%
Payout ratio (earnings) – 19.6% –
Payout ratio (FCF) – 21.6% –
Dividend growth (1Y) – 39.3% –
Dividend CAGR (3Y) – 27.7% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFPSAPHETN
Forward P/E 18.1xFY2027 28.8xFY2026 26.8xFY2026
EPS, next fiscal year $1.39FY2027 $2.61FY2026 $13.88FY2026
EPS growth, next FY +104.4%FY2027 +56.3%FY2026 +15.0%FY2026
EPS growth, the year after +53.2% +35.6% +14.4%
Revenue, next fiscal year $2.41BFY2027 $33.34BFY2026 $31.83BFY2026
Revenue growth, next FY +69.5%FY2027 +44.4%FY2026 +16.0%FY2026
Revenue growth, the year after +38.0% +33.4% +21.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFPSAPHETN
Held by institutions 55.4% 96.0% 84.7%
Institutions holding 369 2,330 2,640
Change in shares held, QoQ +46.0% +2.6% +1.6%
Institutions buying 296 1,360 1,398
Institutions selling 63 773 891
Buyers to sellers 4.70 1.76 1.57

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FPSAPHETN
FPS 1.00 0.20 0.63
APH 0.20 1.00 0.28
ETN 0.63 0.28 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, FPS, APH and ETN?

Amphenol (APH) is the largest by market capitalisation: Forgent Power Solutions (FPS) $6.50B, Amphenol (APH) $191.18B, Eaton (ETN) $149.45B.

Which stock is cheaper, FPS, APH and ETN?

Amphenol (APH) trades on the lowest price-to-earnings ratio (Forgent Power Solutions (FPS) 74.7x, Amphenol (APH) 37.2x, Eaton (ETN) 39.0x). On next year's consensus earnings, Forgent Power Solutions (FPS) is cheapest (Forgent Power Solutions (FPS) 18.1x, Amphenol (APH) 28.8x, Eaton (ETN) 26.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Amphenol (APH) grew revenue fastest over the trailing twelve months: Amphenol (APH) +54.2%, Eaton (ETN) +15.5%.

Which company is more profitable?

Amphenol (APH) has the highest net margin (Amphenol (APH) 17.7%, Eaton (ETN) 12.8%). On return on invested capital, Amphenol (APH) leads (Amphenol (APH) 16.5%, Eaton (ETN) 10.3%).

Which stock has performed better?

Over the past year Eaton (ETN) returned the most: Amphenol (APH) -43.7%, Eaton (ETN) -1.2%. Over five years, Eaton (ETN) compounded fastest (Amphenol (APH) +14.7%/yr, Eaton (ETN) +18.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Forgent Power Solutions (FPS) 0.00%, Amphenol (APH) 0.01%, Eaton (ETN) 0.00%. Forgent Power Solutions (FPS) and Eaton (ETN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Eaton (ETN) has been the steadiest (Forgent Power Solutions (FPS) 90.9%, Amphenol (APH) 85.6%, Eaton (ETN) 40.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FPS, APH and ETN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Amphenol (APH) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.