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AMEAmetek

Industrials · Industrial Instruments · NYSE
Compare with peers → Embed
FY2025 at a glance

Sales up 6.6%, free cash flow down to $1.7B

XBRL, from each 10-K
$7.4B
from $6.9B in FY2024
FY2016FY2025
Net incomeStatements ↓
$1.5B
from $1.4B in FY2024
FY2016FY2025
Free cash flowStatements ↓
$1.7B
from $1.7B in FY2024
FY2016FY2025
EPS (diluted)Statements ↓
$6.40
from $5.93 in FY2024
FY2016FY2025
Operating marginStatements ↓
25.8%
from 25.6% in FY2024
FY2016FY2025
Total debtStatements ↓
$3.5B
from $2.7B in FY2024
FY2016FY2025
Price and key numbers

The latest figures

All key numbers (41, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)7.09Sales (ttm)8.2BNet income (ttm)1.6BSales growth+6.6%EPS growth+7.9%Sales Q/Q+17.3%
Free cash flow1.9BGross margin36.4%Oper. margin26.0%Net margin19.9%FCF margin23.6%ROE13.9%
ROA7.3%R&D / sales3.2%Dividend-Debt/Eq0.57Curr. ratio1.43Cash666.2M
Op. cash flow (ttm)2.1BEBITDA2.3BEBITDA margin31.5%Net debt6.0BQuick ratio1.01Interest cover23.51
ROIC8.6%Tax rate17.7%Stock pay / sales0.6%Shares out.229.3MShares Y/Y-0.4%Book / share51.00
Cash / share2.90Sales / share35.72Asset turnover0.37Inventory turns4.28Days sales out.55Sales 3Y CAGR+6.4%
Sales 5Y CAGR+10.3%EPS 3Y CAGR+8.5%EPS 5Y CAGR+11.2%Employees22,500Sales / employee364K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Debt rose 28%$2.7B → $3.5B · Short-term + long-term debt at year end
What management wrote about it → · Every company →

AME against Industrials peers

Ten years, side by side → · All 83 →
GrowthProfitBalanceCleanInsiders
AMEPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth
+6.6%34th of 82 · median +4.8%
Net margin
19.9%12th of 82 · median 13.0%
Return on equity
13.9%59th of 77 · median 24.9%
Free cash flow margin
23.6%9th of 79 · median 13.0%
Debt / equity (less is better)
0.5729th of 72 · median 0.72
AME and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
AME Ametek$8.2B +6.6%36.4%19.9%13.9%23.6%0.57
ROK Rockwell Automation$9.0B +0.9%49.1%13.4%34.4%16.8%0.93
DOV Dover Corporation$8.6B +4.5%39.7%13.6%15.3%13.9%0.52
IR Ingersoll Rand$8.1B +5.7%43.1%17.2%13.2%18.8%0.45
MAS Masco$7.7B -3.4%37.5%12.1%-13.6%-
BR Broadridge Financial Solutions$7.6B +8.5%31.5%13.9%40.3%17.6%1.28
Where each dollar goes

From $5.5B of sales to $990.1M of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $1.9BRevenue to Cost of revenue: $3.6BGross profit to Operating profit: $1.3BGross profit to Operating expenses: $603.9MOperating profit to Net profit: $990.1MOperating profit to Tax & other: $318.6MOperating expenses to R&D: $194.2MOperating expenses to Sales, admin & other: $409.7M Revenue: $5.5B Revenue$5.5B +22% Y/Y Gross profit: $1.9B · 34% margin Gross profit$1.9B34% margin Cost of revenue: $3.6B · 66% of revenue Cost of revenue$3.6B66% of revenue Operating profit: $1.3B · 24% margin Operating profit$1.3B24% margin +27% Y/Y Operating expenses: $603.9M · 11% of revenue Operating expenses$603.9M11% of revenue Net profit: $990.1M · 18% margin Net profit$990.1M18% margin +13% Y/Y Tax & other: $318.6M · 6% of revenue Tax & other$318.6M6% of revenue R&D: $194.2M · 4% of revenue R&D$194.2M4% of revenue Sales, admin & other: $409.7M · 7% of revenue Sales, admin & other$409.7M7% of revenue

Swipe sideways for the whole flow →

From $6.2B of sales to $1.2B of profit

FY2022, from the 10-K income statement and revenue by product
Process and analytical instrumentation to Revenue: $3.1BAerospace and power to Revenue: $1.7BAutomation and engineered solutions to Revenue: $1.4BRevenue to Gross profit: $2.1BRevenue to Cost of revenue: $4.0BGross profit to Operating profit: $1.5BGross profit to Operating expenses: $644.6MOperating profit to Net profit: $1.2BOperating profit to Tax & other: $341.1MOperating expenses to R&D: $198.8MOperating expenses to Sales, admin & other: $445.8M Process and analytical instrumentation: $3.1B · 50% Process and analytical…$3.1B50% Aerospace and power: $1.7B · 28% Aerospace and power$1.7B28% Automation and engineered solutions: $1.4B · 22% Automation and engineer…$1.4B22% Revenue: $6.2B Revenue$6.2B +11% Y/Y Gross profit: $2.1B · 35% margin Gross profit$2.1B35% margin Cost of revenue: $4.0B · 65% of revenue Cost of revenue$4.0B65% of revenue Operating profit: $1.5B · 24% margin Operating profit$1.5B24% margin +15% Y/Y Operating expenses: $644.6M · 10% of revenue Operating expenses$644.6M10% of revenue Net profit: $1.2B · 19% margin Net profit$1.2B19% margin +17% Y/Y Tax & other: $341.1M · 6% of revenue Tax & other$341.1M6% of revenue R&D: $198.8M · 3% of revenue R&D$198.8M3% of revenue Sales, admin & other: $445.8M · 7% of revenue Sales, admin & other$445.8M7% of revenue

Swipe sideways for the whole flow →

From $6.6B of sales to $1.3B of profit

FY2023, from the 10-K income statement and revenue by product
Process and analytical instrumentation to Revenue: $3.3BAerospace and power to Revenue: $1.9BAutomation and engineered solutions to Revenue: $1.4BRevenue to Gross profit: $2.4BRevenue to Cost of revenue: $4.2BGross profit to Operating profit: $1.7BGross profit to Operating expenses: $677.0MOperating profit to Net profit: $1.3BOperating profit to Tax & other: $394.3MOperating expenses to R&D: $220.8MOperating expenses to Sales, admin & other: $456.2M Process and analytical instrumentation: $3.3B · 50% Process and analytical…$3.3B50% Aerospace and power: $1.9B · 29% Aerospace and power$1.9B29% Automation and engineered solutions: $1.4B · 21% Automation and engineer…$1.4B21% Revenue: $6.6B Revenue$6.6B +7% Y/Y Gross profit: $2.4B · 36% margin Gross profit$2.4B36% margin Cost of revenue: $4.2B · 64% of revenue Cost of revenue$4.2B64% of revenue Operating profit: $1.7B · 26% margin Operating profit$1.7B26% margin +14% Y/Y Operating expenses: $677.0M · 10% of revenue Operating expenses$677.0M10% of revenue Net profit: $1.3B · 20% margin Net profit$1.3B20% margin +13% Y/Y Tax & other: $394.3M · 6% of revenue Tax & other$394.3M6% of revenue R&D: $220.8M · 3% of revenue R&D$220.8M3% of revenue Sales, admin & other: $456.2M · 7% of revenue Sales, admin & other$456.2M7% of revenue

Swipe sideways for the whole flow →

From $6.9B of sales to $1.4B of profit

FY2024, from the 10-K income statement and revenue by product
Process and analytical instrumentation to Revenue: $3.2BAerospace and power to Revenue: $2.1BAutomation and engineered solutions to Revenue: $1.7BRevenue to Gross profit: $2.5BRevenue to Cost of revenue: $4.5BGross profit to Operating profit: $1.8BGross profit to Operating expenses: $696.9MOperating profit to Net profit: $1.4BOperating profit to Tax & other: $403.4MOperating expenses to R&D: $236.6MOperating expenses to Sales, admin & other: $460.3M Process and analytical instrumentation: $3.2B · 47% Process and analytical…$3.2B47% Aerospace and power: $2.1B · 30% Aerospace and power$2.1B30% Automation and engineered solutions: $1.7B · 24% Automation and engineer…$1.7B24% Revenue: $6.9B Revenue$6.9B +5% Y/Y Gross profit: $2.5B · 36% margin Gross profit$2.5B36% margin Cost of revenue: $4.5B · 64% of revenue Cost of revenue$4.5B64% of revenue Operating profit: $1.8B · 26% margin Operating profit$1.8B26% margin +4% Y/Y Operating expenses: $696.9M · 10% of revenue Operating expenses$696.9M10% of revenue Net profit: $1.4B · 20% margin Net profit$1.4B20% margin +5% Y/Y Tax & other: $403.4M · 6% of revenue Tax & other$403.4M6% of revenue R&D: $236.6M · 3% of revenue R&D$236.6M3% of revenue Sales, admin & other: $460.3M · 7% of revenue Sales, admin & other$460.3M7% of revenue

Swipe sideways for the whole flow →

From $7.4B of sales to $1.5B of profit

FY2025, from the 10-K income statement and revenue by product
Process and analytical instrumentation to Revenue: $3.5BAerospace and power to Revenue: $2.2BAutomation and engineered solutions to Revenue: $1.7BRevenue to Gross profit: $2.7BRevenue to Cost of revenue: $4.7BGross profit to Operating profit: $1.9BGross profit to Operating expenses: $757.1MOperating profit to Net profit: $1.5BOperating profit to Tax & other: $430.2MOperating expenses to R&D: $236.1MOperating expenses to Sales, admin & other: $521.0M Process and analytical instrumentation: $3.5B · 47% Process and analytical…$3.5B47% Aerospace and power: $2.2B · 30% Aerospace and power$2.2B30% Automation and engineered solutions: $1.7B · 24% Automation and engineer…$1.7B24% Revenue: $7.4B Revenue$7.4B +7% Y/Y Gross profit: $2.7B · 36% margin Gross profit$2.7B36% margin Cost of revenue: $4.7B · 64% of revenue Cost of revenue$4.7B64% of revenue Operating profit: $1.9B · 26% margin Operating profit$1.9B26% margin +7% Y/Y Operating expenses: $757.1M · 10% of revenue Operating expenses$757.1M10% of revenue Net profit: $1.5B · 20% margin Net profit$1.5B20% margin +8% Y/Y Tax & other: $430.2M · 6% of revenue Tax & other$430.2M6% of revenue R&D: $236.1M · 3% of revenue R&D$236.1M3% of revenue Sales, admin & other: $521.0M · 7% of revenue Sales, admin & other$521.0M7% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2021
FY2022
FY2023
FY2024
FY2025
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

2 of 3
  • ✓
    Net margin above the peer median19.9% vs 13.0%
  • !
    Return on equity below 15%13.9%
  • ✓
    A profit in every one of 10 years
Net margin, FY2016 to FY2025: 13.3% → 20.0%

Balance sheet

3 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 23.5× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.57 on the latest balance sheet (peer median 0.72)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.43
  • !
    Net debt over 3 years of free cash flow$6.0B net debt, 3.1 years
Debt / equity at each year end, FY2016 to FY2025: 0.80 → 0.33
What the debt is made of ↓

Cash and shareholders

2 of 3
  • ✓
    Free cash flow positive in every one of 10 years$1.7B last year
  • !
    Share count up over 5 years+0.0%
  • ✓
    Cash from operations above net income$1.8B vs $1.5B
Free cash flow, FY2016 to FY2025: 693.6M → 1.7B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Debt

$1.1B of principal due, schedule of Dec 31, 2025

Repayment schedule →

From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.

Revenue and net income, FY2016 to FY2025

Revenue 7.4B Net income 1.5B
FY2016 revenue 3.8B · SalesRevenueNet, 0001193125-18-053631 FY2016 net income 512.2M · NetIncomeLoss, 0001193125-19-046947 3.8B FY2016 FY2017 revenue 4.3B · SalesRevenueNet, 0001193125-18-053631 FY2017 net income 681.5M · NetIncomeLoss, 0001193125-20-043133 4.3B FY2017 FY2018 revenue 4.8B · RevenueFromContractWithCustomerIncludingAssessedTax, 0001037868-21-000007 FY2018 net income 777.9M · NetIncomeLoss, 0001037868-21-000007 4.8B FY2018 FY2019 revenue 5.2B · RevenueFromContractWithCustomerIncludingAssessedTax, 0001037868-22-000009 FY2019 net income 861.3M · NetIncomeLoss, 0001037868-22-000009 5.2B FY2019 FY2020 revenue 4.5B · RevenueFromContractWithCustomerIncludingAssessedTax, 0001037868-23-000012 FY2020 net income 872.4M · NetIncomeLoss, 0001037868-23-000012 4.5B FY2020 FY2021 revenue 5.5B · RevenueFromContractWithCustomerIncludingAssessedTax, 0001037868-24-000009 FY2021 net income 990.1M · NetIncomeLoss, 0001037868-24-000009 5.5B FY2021 FY2022 revenue 6.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001037868-25-000012 FY2022 net income 1.2B · NetIncomeLoss, 0001037868-25-000012 6.2B FY2022 FY2023 revenue 6.6B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001037868-26-000016 FY2023 net income 1.3B · NetIncomeLoss, 0001037868-26-000016 6.6B FY2023 FY2024 revenue 6.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001037868-26-000016 FY2024 net income 1.4B · NetIncomeLoss, 0001037868-26-000016 6.9B FY2024 FY2025 revenue 7.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001037868-26-000016 FY2025 net income 1.5B · NetIncomeLoss, 0001037868-26-000016 7.4B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

AME's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Revenue7.4B
FY2016: 3.8BFY2017: 4.3BFY2018: 4.8BFY2019: 5.2BFY2020: 4.5BFY2021: 5.5BFY2022: 6.2BFY2023: 6.6BFY2024: 6.9BFY2025: 7.4B FY2017FY2019FY2021FY2023FY2025
Net income1.5B
FY2016: 512.2MFY2017: 681.5MFY2018: 777.9MFY2019: 861.3MFY2020: 872.4MFY2021: 990.1MFY2022: 1.2BFY2023: 1.3BFY2024: 1.4BFY2025: 1.5B FY2017FY2019FY2021FY2023FY2025
Free cash flow1.7B
FY2016: 693.6MFY2017: 758.2MFY2018: 843.4MFY2019: 1.0BFY2020: 1.2BFY2021: 1.0BFY2022: 1.0BFY2023: 1.6BFY2024: 1.7BFY2025: 1.7B FY2017FY2019FY2021FY2023FY2025
EPS (diluted)6.40
FY2016: 2.19FY2017: 2.94FY2018: 3.34FY2019: 3.75FY2020: 3.77FY2021: 4.25FY2022: 5.01FY2023: 5.67FY2024: 5.93FY2025: 6.40 FY2017FY2019FY2021FY2023FY2025
Dividend per share0.56
FY2016: 0.36FY2017: 0.36FY2018: 0.56FY2019: 0.56FY2020: -FY2021: -FY2022: -FY2023: -FY2024: -FY2025: - FY2017FY2019FY2021FY2023FY2025
Diluted shares231.3M
FY2016: 233.7MFY2017: 231.8MFY2018: 232.7MFY2019: 229.4MFY2020: 231.2MFY2021: 232.8MFY2022: 231.5MFY2023: 231.5MFY2024: 232.2MFY2025: 231.3M FY2017FY2019FY2021FY2023FY2025

Revenue by business segment

year to Dec 31, 2025
RevenueSharevs year before
EIG 4.9B66.5% +5.6%
EMG 2.5B33.5% +8.8%

10-K 0001037868-26-000016, segment and revenue notes (XBRL).

Revenue by product or service

year to Dec 31, 2025
RevenueSharevs year before
Process and analytical instrumentation 3.5B46.8% +7.2%
Aerospace and power 2.2B29.6% +6.6%
Automation and engineered solutions 1.7B23.6% +5.6%

10-K 0001037868-26-000016, segment and revenue notes (XBRL).

Revenue by region

year to Dec 31, 2025
RevenueSharevs year before
United States 3.8B51.8% +5.0%
International 3.6B48.2% +8.5%
Non-US 2.0B27.6% +8.5%
Asia 1.5B20.1% +4.0%
European Union countries 1.1B14.7% +11.6%
Other foreign countries 730.2M9.9% +12.5%
United Kingdom 261.9M3.5% +12.2%

10-K 0001037868-26-000016, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue3.8B4.3B4.8B5.2B4.5B5.5B6.2B6.6B6.9B7.4B
Cost of revenue2.6B2.9B3.2B3.4B3.0B3.6B4.0B4.2B4.5B4.7B
R&D112.0M130.4M141.0M161.9M158.9M194.2M198.8M220.8M236.6M236.1M
SG&A463.6M535.2M584.0M610.3M515.6M603.9M644.6M677.0M696.9M757.1M
Operating income791.0M903.6M1.1B1.2B1.0B1.3B1.5B1.7B1.8B1.9B
Interest expense94.3M98.0M82.2M88.5M86.1M80.4M83.2M81.8M113.0M81.3M
Pretax income693.1M796.7M987.7M1.1B1.1B1.2B1.4B1.6B1.7B1.8B
Income tax180.9M115.3M209.8M208.5M209.9M233.1M269.1M293.2M285.4M318.2M
Net income512.2M681.5M777.9M861.3M872.4M990.1M1.2B1.3B1.4B1.5B
EPS (diluted)2.192.943.343.753.774.255.015.675.936.40
Diluted shares233.7M231.8M232.7M229.4M231.2M232.8M231.5M231.5M232.2M231.3M
Depreciation & amortization179.7M183.2M199.5M234.0M255.3M292.1M319.4M337.6M382.9M422.8M
EBITDA970.7M1.1B1.3B1.4B1.3B1.6B1.8B2.0B2.2B2.3B
Operating margin20.6%21.0%22.2%22.8%22.6%23.6%24.4%25.9%25.6%25.8%
Net margin13.3%15.8%16.1%16.7%19.2%17.9%18.9%19.9%19.8%20.0%
Revenue growth-+12.0%+12.7%+6.5%-12.0%+22.2%+10.9%+7.3%+5.2%+6.6%
EPS growth-+34.2%+13.6%+12.3%+0.5%+12.7%+17.9%+13.2%+4.6%+7.9%

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)22.0M25.1M27.3M40.4M41.6M46.1M47.4M46.2M47.9M47.8M
Stock-based pay / revenue0.6%0.6%0.6%0.8%0.9%0.8%0.8%0.7%0.7%0.6%
Operating lease cost---45.4M44.5M61.7M59.3M63.0M76.3M78.6M
Operating lease cash paid---53.3M-55.7M54.7M39.2M--
Right-of-use assets---179.7M167.2M169.9M170.3M229.7M235.7M273.1M
Operating lease liabilities---185.6M173.1M176.5M175.6M243.5M244.8M288.2M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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