Friday 6 November 2026
Export AME’s income statement to Excel — free account
AMETEK, Inc.
AME Industrials Specialty Industrial Machinery
AMETEK, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.4 billion, up 6.63% from fiscal 2024.
- Revenue
- +17.3%
- EPS
- +15.6%
- Free cash flow
- +25.6%
- Total debt
- +170.6%
Quarter to September 2026, against a year earlier
223.39
13.70
−5.78%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 3,840 | 4,300 | 4,846 | 5,159 | 4,540 | 5,547 | 6,151 | 6,597 | 6,941 | 7,401 | 8,192 | +7.6% | 8,450 | 9,826 | 10,206 | +11.3% | |
| Gross margin, % | 32.67 | 33.46 | 34.25 | 34.65 | 34.00 | 34.48 | 34.88 | 36.14 | 35.68 | 36.04 | 36.42 | +3.4 pt | ||||||
| EBT | 693 | 797 | 988 | 1,070 | 1,082 | 1,223 | 1,429 | 1,606 | 1,662 | 1,798 | 1,981 | +11.2% | ||||||
| EBT margin, % | 18.05 | 18.53 | 20.38 | 20.74 | 23.84 | 22.05 | 23.23 | 24.35 | 23.94 | 24.30 | 24.19 | +6.3 pt | ||||||
| Net income | 512 | 681 | 778 | 861 | 872 | 990 | 1,160 | 1,313 | 1,376 | 1,480 | 1,631 | +12.5% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 16.51 | 18.68 | 20.99 | 22.65 | 19.79 | 24.02 | 26.72 | 28.62 | 30.02 | 32.12 | 35.75 | +7.7% | |||||
| Earnings | 2.20 | 2.96 | 3.37 | 3.78 | 3.80 | 4.29 | 5.04 | 5.70 | 5.95 | 6.42 | 7.12 | +12.6% | ||||||
| Cash flow | 3.25 | 3.62 | 4.01 | 4.89 | 5.58 | 5.02 | 4.99 | 7.53 | 7.91 | 7.82 | 9.08 | +10.2% | ||||||
| Capex | (0.27) | (0.33) | (0.36) | (0.45) | (0.32) | (0.48) | (0.60) | (0.59) | (0.55) | (0.57) | (0.64) | +8.5% | ||||||
| Free cash flow | 2.98 | 3.29 | 3.65 | 4.44 | 5.26 | 4.55 | 4.39 | 6.94 | 7.36 | 7.25 | 8.43 | +10.4% | ||||||
| Book value | 14.00 | 17.49 | 18.38 | 22.46 | 25.93 | 29.75 | 32.48 | 37.87 | 41.75 | 46.12 | 51.04 | +14.2% | ||||||
| Shares, m | 233 | 230 | 231 | 228 | 229 | 231 | 230 | 231 | 231 | 230 | 229 | (0.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 22.47 | 24.58 | 20.03 | 26.32 | 31.74 | 34.36 | 27.83 | 28.52 | 30.25 | 31.98 | 31.37 | 27.8 | |||||
| P/S | 2.98 | 3.90 | 3.22 | 4.40 | 6.11 | 6.12 | 5.26 | 5.69 | 6.01 | 6.39 | 6.25 | 5.0 | ||||||
| P/B | 3.52 | 4.16 | 3.68 | 4.44 | 4.66 | 4.94 | 4.33 | 4.30 | 4.32 | 4.45 | 4.38 | 4.3 | ||||||
| EV/Sales | 3.40 | 4.25 | 3.70 | 4.86 | 6.38 | 6.52 | 5.59 | 6.13 | 6.25 | 6.64 | 6.98 | 5.4 | ||||||
| EV/FCF | 18.85 | 24.11 | 21.23 | 24.79 | 23.99 | 34.44 | 34.04 | 25.30 | 25.50 | 29.40 | 29.60 | 26.2 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 757 | 833 | 926 | 1,114 | 1,281 | 1,160 | 1,149 | 1,735 | 1,829 | 1,802 | 2,080 | +10.1% | |||||
| Capex | (63) | (75) | (82) | (102) | (74) | (111) | (139) | (136) | (127) | (130) | (148) | +8.4% | ||||||
| Free cash flow | 694 | 758 | 843 | 1,012 | 1,207 | 1,050 | 1,010 | 1,599 | 1,702 | 1,672 | 1,932 | +10.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 1,004 | 796 | 577 | 600 | 1,447 | 565 | 964 | (58) | 504 | 177 | 1,137 | (17.5%) | |||||
| Net debt | 1,624 | 1,528 | 2,279 | 2,376 | 1,201 | 2,197 | 2,040 | 2,904 | 1,706 | 1,825 | 6,003 | +1.3% | ||||||
| Shareholders’ equity | 3,257 | 4,028 | 4,242 | 5,115 | 5,949 | 6,872 | 7,477 | 8,730 | 9,655 | 10,629 | 11,696 | +14.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 7.44 | 9.15 | 9.45 | 9.31 | 8.64 | 8.90 | 9.53 | 9.57 | 9.28 | 9.64 | 8.46 | +2.2 pt | |||||
| ROIC | 10.13 | 10.17 | 10.31 | 9.82 | 8.98 | 9.02 | 9.86 | 9.17 | 9.79 | 9.59 | 7.53 | (0.5) pt | ||||||
| ROE | 15.73 | 18.71 | 18.81 | 18.41 | 15.77 | 15.44 | 16.16 | 16.21 | 14.97 | 14.59 | 14.68 | (1.1) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 15,700 | 16,900 | 18,200 | 18,100 | 16,500 | 18,500 | 19,600 | 21,500 | 21,500 | 22,500 | — | +4.1% | |||||
| Revenue/emp, $m | 0.24 | 0.25 | 0.27 | 0.29 | 0.28 | 0.30 | 0.31 | 0.31 | 0.32 | 0.33 | — | +3.3% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| EIG | 4,919 | 66.46% |
|---|---|---|
| EMG | 2,482 | 33.54% |
| Gross margin | 36.04% | |
| Operating margin | 25.81% | |
| Pre-tax margin | 24.30% |
AMETEK, Inc. vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PH Parker-Hannifin Corporation | $112.5B | 30.5× | 29.1× | +17.86% (above 0%: growing) | +9.70% (above 0%: growing) | +7.58% (above 0%: growing) | 37.73% | 0.00% | Compare |
| EMR Emerson Electric Co. | $90.7B | 35.7× | 33.6× | +7.10% (above 0%: growing) | +23.08% (above 0%: growing) | +8.91% (above 0%: growing) | 52.68% | 25.90% | Compare |
| ITW Illinois Tool Works Inc. | $81.1B | 25.4× | 24.3× | +4.36% (above 0%: growing) | +6.53% (above 0%: growing) | −5.57% (below 0%: shrinking) | 45.09% | 27.79% | Compare |
| CMI Cummins Inc. | $61.8B | 18.6× | 17.8× | +13.48% (above 0%: growing) | +113.66% (above 0%: growing) | +9.43% (above 0%: growing) | 27.71% | 15.30% | Compare |
| AME AMETEK, Inc. | $51.1B | 31.4× | 32.8× | +17.31% (above 0%: growing) | +15.55% (above 0%: growing) | +25.59% (above 0%: growing) | 36.50% | 26.35% | |
| ROK Rockwell Automation, Inc. | $42.3B | 35.6× | 33.8× | +7.88% (above 0%: growing) | +40.38% (above 0%: growing) | +33.74% (above 0%: growing) | 49.46% | 21.75% | Compare |
| IR Ingersoll Rand Inc. | $31.4B | 22.9× | 32.9× | +5.62% (above 0%: growing) | +180.65% (above 0%: growing) | +91.49% (above 0%: growing) | 44.76% | 37.90% | Compare |
| OTIS Otis Worldwide Corporation | $30.3B | 19.6× | 18.9× | +6.07% (above 0%: growing) | +16.47% (above 0%: growing) | −11.54% (below 0%: shrinking) | 29.51% | 15.84% | Compare |
| DOV Dover Corporation | $26.9B | 23.5× | 22.9× | +7.51% (above 0%: growing) | +12.73% (above 0%: growing) | +3.58% (above 0%: growing) | 40.44% | 18.77% | Compare |
| Median of peers | $52.0B | 24.5× | 26.7× | +7.31% | +19.78% | +8.25% | 42.60% | 20.26% |
From the latest earnings call
- CEO Dave Zapico said organic orders grew across AMETEK’s businesses, with project activity accelerating in electronic instruments and power orders tied to grid and data-center investment.
- Zapico said Indicor’s businesses are being integrated into different parts of AMETEK, while the company raised its sales, earnings and cash-flow conversion outlook.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
89.58%
Held by the ten largest
39.15%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 27.27m | 11.90% | +189.43k |
| BlackRock | 19.53m | 8.52% | +705.21k |
| State Street | 10.34m | 4.51% | +258.75k |
| T. Rowe Price | 6.76m | 2.95% | −231.57k |
| Geode Capital Management | 6.14m | 2.68% | +17.77k |
| JPMorgan Chase | 4.37m | 1.91% | −285.52k |
| Norges Bank | 4.30m | 1.88% | +4.30m |
| Fidelity (FMR) | 4.28m | 1.87% | −80.84k |
| Morgan Stanley | 3.75m | 1.63% | −122.52k |
| Wellington Management | 2.99m | 1.31% | +196.99k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 11 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 16.46m | 21.28m | 175.00 |
| 2024 | 14.63m | 14.78m | 153.00 |
| 2023 | 14.54m | 19.61m | 139.00 |
| 2022 | 13.12m | 13.67m | 117.00 |
| 2021 | 12.92m | 23.38m | 122.00 |
Ownership
Directors and executive officers, together
less than 1%
The Vanguard Group, Inc.100 Vanguard BoulevardMalvern, PA
11.00%
BlackRock, Inc.55 East
7.50%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
AMETEK, Inc. (AME) Latest News
4 Nov
3 Nov
27 Oct
19 Oct
7 Oct
AME metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
AMETEK makes electronic instruments and electromechanical devices used to measure, control, power or move equipment. It traces its founding to 1930 and is headquartered in Berwyn, Pennsylvania. David A. Zapico is chairman and chief executive officer.
The company serves customers in aerospace and defense, medical equipment, manufacturing, power and other industrial markets. Its products can be components inside a larger machine or instruments used to monitor a process, test materials or inspect a manufactured part. AMETEK also provides aviation maintenance, repair and overhaul services.