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

227.94 4.95 +2.22%
Market cap
$51.1B
P/E
31.4×
Fwd P/E
32.8×
Dividend yield
0.60%
F-score
8/9
Altman Z
7.15
Beneish M
−2.44
Dividend safety
96/100

Revenue by segment Fiscal 2025

  • EIG
  • EMG

Every year since 2008 →

Insider Decisions last twelve months

Bought, $m 1.02
Sold, $m 11.72
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 1 — — —
Sell 3 — — 1 — — — — 1 — — —
Insider Ownership 0.37%

Capital & Financial Ratios $m

Size
Market Cap 51,140.00
Revenue ttm 8,191.59
Net income ttm 1,631.15
Free cash flow ttm 1,932.40
Net debt Q 6,003.24
Valuation
P/E 31.37
Forward P/E 32.80
Price / sales 6.25
Forward P/S Powerpack
Price / FCF 26.49
Price / book 4.38
Financial health
Current ratio Q 1.43
Debt / equity Q 0.57
Interest coverage Q 14.69
Growth
Revenue growth Q +17.31% (above 0%: growing)
Operating income growth Q +19.77% (above 0%: growing)
EPS, this year +14.80%
EPS, next year A +12.66%
Revenue, next year A +14.17% (at or above 10%: strong)
EPS, past 5 yrs +11.16%
EPS, next 5 yrs A +11.56%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 79.43%
10-year low 10-year high
P/S against its own 10 years 83.87%
10-year low 10-year high
P/B against its own 10 years 61.64%
10-year low 10-year high
EV/Sales against its own 10 years 91.60%
10-year low 10-year high
EV/FCF against its own 10 years 78.22%
10-year low 10-year high

Dividends raised 6 years running

Yield
0.60%
Annual rate
1.33
Payout ratio
18.8%
Growth, 2017–25
+16.7%/yr
  1. 0.36 ’17
  2. 0.56 ’18 +56
  3. 0.56 ’19 +0
  4. 0.72 ’20 +29
  5. 0.80 ’21 +11
  6. 0.88 ’22 +10
  7. 1.00 ’23 +14
  8. 1.12 ’24 +12
  9. 1.24 ’25 +11
  10. 1.36 ’26e +10
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 410 374 458 666
Receivables 1,013 949 1,119 1,348
Inventory 1,132 1,022 1,106 1,367
Other 269 258 336 394
2,825 2,603 3,020 3,775
2023 2024 2025 Q'26
Payables 517 523 618 732
ST’ Debt 1,418 654 1,209 640
Other 376 364 396 499
2,883 2,099 2,843 2,638

Compound Annual Growth %

10y 5y 3y
Sales 6.42% 10.27% 6.36%
Cash Flow 10.36% 7.06% 16.17%
Earnings 9.62% 11.15% 8.48%
Book Value 12.56% 12.31% 12.44%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 1.74 1.77 1.85 — —
’25 1.52 1.55 1.60 1.73 6.40
’24 1.34 1.45 1.47 1.67 5.93
’23 1.32 1.40 1.47 1.48 5.67
’22 1.17 1.22 1.29 1.33 5.01
’21 0.94 1.00 1.10 1.21 4.25
’20 1.22 0.72 0.88 0.95 3.77
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,928 2,044 2,220 — —
’25 1,732 1,778 1,893 1,998 7,401
’24 1,736 1,735 1,709 1,762 6,941
’23 1,597 1,646 1,623 1,731 6,597
’22 1,459 1,515 1,552 1,626 6,151
’21 1,216 1,386 1,441 1,504 5,547
’20 1,202 1,012 1,127 1,199 4,540
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 452 484 561 — —
’25 418 359 441 584 1,802
’24 410 381 487 550 1,829
’23 387 335 473 541 1,735
’22 201 236 327 385 1,149
’21 284 287 307 282 1,160
’20 271 315 310 386 1,281
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 426 452 527 — —
’25 394 330 420 527 1,672
’24 383 360 461 498 1,702
’23 367 307 444 481 1,599
’22 175 210 299 327 1,010
’21 267 264 281 238 1,050
’20 254 305 300 349 1,207
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 11.2% a year for ten years. It grew 11.3% a year over the last ten.

Implied
11.2%
10 years, reported
11.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

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.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
EIG 4,919 66.46%
EMG 2,482 33.54%
Gross margin 36.04%
Operating margin 25.81%
Pre-tax margin 24.30%

Revenue by segment since 2008

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%

All 79 Specialty Industrial Machinery stocks →

From the latest earnings call

Updated

  • 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

28 Oct

14 Oct

8 Oct

7 Oct

AME metrics, ten years each

stockrow.com/AME · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com