Business Description

AMETEK Inc. is a global manufacturer of electronic instruments and electromechanical devices founded in 1930 and headquartered in Berwyn, Pennsylvania, United States. The company operates through its Electronic Instruments and Electromechanical Groups, serving diverse industries such as aerospace, defense, and process control with products like vibration monitoring systems and analytical instruments. Led by CEO Christopher J. Brennan, AMETEK generates annual revenues exceeding $4 billion and maintains a competitive edge through continuous innovation. Its growth strategy hinges on digital initiatives, automation investments, and strategic acquisitions to secure long-term success.

Financial Statements

In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Total Revenues7,401,1206,941,1806,596,9506,150,530
Cost of Sales4,733,6804,464,7104,212,4904,005,260
Gross Profit2,667,4402,476,4702,384,4702,145,270
Selling, General & Administrative Expenses757,122696,905677,006644,577
Operating Profit1,910,3201,779,5601,707,4601,500,690
Interest Expense(81,254)(112,962)(81,795)(83,186)
Non-Operating Income(30,724)(5,061)(19,252)11,186
Total Non-Operating Income(111,978)(118,023)(101,047)(72,000)
Income Before Provision for Income Taxes1,798,3401,661,5401,606,4101,428,690
Provision for Income Taxes318,197285,415293,224269,150
Consolidated Net Income1,480,1401,376,1201,313,1901,159,540
Net Income Attributable to Common Shareholders1,480,1401,376,1201,313,1901,159,540
Basic EPS6.425.955.705.04
Diluted EPS6.405.935.675.01
Basic Weighted Average Shares Outstanding230,452231,256230,519230,208
Diluted Weighted Average Shares Outstanding231,259232,168231,509231,536
Shares Outstanding229,037230,699230,930230,051
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents457,951373,999409,804345,386
Total Cash and Cash Equivalents457,951373,999409,804345,386
Accounts Receivable1,119,260948,8301,012,930919,335
Total Trade Receivables1,119,260948,8301,012,930919,335
Inventories1,106,4101,021,7101,132,4701,044,280
Other Current Assets336,229258,490269,461219,053
Total Current Assets3,019,8402,603,0302,824,6702,528,060
Net Property, Plant & Equipment1,128,3601,054,2801,121,020805,936
Net Intangible Assets4,128,3903,915,1704,165,3203,342,090
Goodwill7,170,7706,555,8806,447,6305,372,560
Other Long-Term Assets620,180502,810464,903382,479
Total Assets16,067,50014,631,20015,023,50012,431,100
Accounts Payable617,950523,332516,588497,134
Accrued Expenses536,968472,926502,990435,144
Short-Term Debt1,208,980654,3461,417,920226,079
Unearned Revenue396,177363,555375,513357,674
Other Current Liabilities82,68284,42869,56748,171
Total Current Liabilities2,842,7502,098,5902,882,5701,564,200
Long-Term Debt1,074,3301,425,3801,895,4302,158,930
Other Long-Term Liabilities1,521,6701,451,9001,515,3401,231,480
Total Long-Term Liabilities2,596,0102,877,2803,410,7703,390,410
Total Liabilities5,438,7604,975,8706,293,3404,954,610
Common Stock2,7252,7202,7092,700
Treasury Stock(2,544,490)(2,114,030)(1,896,610)(1,902,960)
Additional Paid-in Capital1,317,2901,264,6701,168,6901,094,240
Accumulated Other Comprehensive Income(399,220)(555,739)(484,942)(574,945)
Retained Earnings12,252,50011,057,7009,940,3408,857,490
Total Common Shareholders' Equity10,628,8009,655,3008,730,1907,476,510
Total Shareholders' Equity10,628,8009,655,3008,730,1907,476,510
Total Liabilities and Shareholders' Equity16,067,50014,631,20015,023,50012,431,100
FY 2025FY 2024FY 2023FY 2022
Net Income1,480,1401,376,1201,313,1901,159,540
Depreciation & Amortization422,804382,927337,636319,427
Share-Based Compensation Expense47,76747,86346,19947,375
Other Adjustments(88,335)(44,739)(104,513)(110,498)
Changes in Trade Receivables(55,164)53,4888,451(86,713)
Changes in Inventories(26,779)72,99756,619(322,467)
Changes in Accounts Payable(51,435)(18,480)10,43395,481
Changes in Other Operating Activities72,763(41,332)67,28347,226
Cash from Operating Activities1,801,7601,828,8501,735,3001,149,370
Capital Expenditure(130,248)(127,075)(136,249)(139,005)
Proceeds from Sale of Property, Plant & Equipment2004,24688011,754
Payments for Business Acquisitions(933,242)(117,514)(2,237,910)(429,714)
Proceeds from Business Divestments———3,734
Other Investing Activities520(4,465)(3,151)471
Cash from Investing Activities(1,062,770)(244,808)(2,376,430)(552,760)
Repayments of Long-Term Debt(514,942)(300,000)——
Net Issuance / (Repayments) of Long-Term Debt(514,942)(300,000)——
Issuance of Common Shares36,38266,86850,85049,937
Repurchases of Common Shares(434,048)(212,027)(7,772)(332,821)
Net Issuance / (Repurchases) of Common Shares(397,666)(145,159)43,078(282,884)
Common Share Dividends Paid(285,345)(258,782)(230,329)(202,169)
Other Financing Activities511,631(898,513)884,534(90,646)
Cash from Financing Activities(686,322)(1,602,450)697,283(575,699)
Effect of Exchange Rate Changes on Cash and Cash Equivalents31,281(17,391)8,269(22,300)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash83,952(35,805)64,418(1,386)

Key Metrics & Ratios

MetricValue
Market Cap$47.02B
P/E32.08x
P/S6.35x
EV/EBITDA20.94x
Return on Equity14.6%
Return on Invested Capital11.2%
Current Ratio1.06x
Dividend Yield0.6%
Free Cash Flow Margin22.6%

Margins

Gross margin
36.0%
Operating margin
25.8%
Net margin
20.0%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating income
Q1 2026 $1.93B +11.3% 26.7% $515M
Q4 2025 $2.00B +13.4% 25.3% $505M
Q3 2025 $1.89B +10.8% 25.8% $488M
Q2 2025 $1.78B +2.5% 26.0% $462M
Q1 2025 $1.73B — 26.3% $455M
Q4 2024 $1.76B — 26.6% $469M
Q3 2024 $1.71B — 26.1% $446M
Q2 2024 $1.73B — 25.8% $448M

More on AMETEK Inc.

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AMETEK Inc. overview
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Earnings transcripts
Financial data last updated 2026-06-15. Figures compiled from public company filings.

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