AMETEK INC/ AME
AMETEK, Inc. ("AMETEK" or the "Company") is incorporated in Delaware. Its predecessor was originally incorporated in Delaware in 1930 under the name American Machine and Metals, Inc. AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. AMETEK maintains its principal executive offices at 1100 Cassatt Road, Berwyn, Pennsylvania, 19312. Listed on the New York Stock Exchange (symbol: AME), the common stock of AMETEK is a component of the Standard and Poor's 500 and the Russell 1000 Indices.
AMETEK's products are marketed and sold worldwide through two operating groups: Electronic Instruments ("EIG") and Electromechanical ("EMG"). Electronic Instruments is a leader in the design and manufacture of advanced instruments for the process, power and industrial, and aerospace markets. Electromechanical is a differentiated supplier of precision motion control solutions, highly engineered medical components and devices, thermal management systems, specialty metals and electrical interconnects. Its end markets include aerospace and defense, medical, automation and other industrial markets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.40B | $6.94B | $6.60B | $6.15B | $5.55B | $4.54B | $5.16B | $4.85B | $4.30B | $3.84B |
| Cost of revenue | $4.73B | $4.46B | $4.21B | $4.01B | $3.63B | $3.00B | $3.37B | $3.19B | $2.86B | $2.59B |
| Gross profit | $2.67B | $2.48B | $2.38B | $2.15B | $1.91B | $1.54B | $1.79B | $1.66B | $1.44B | $1.25B |
| R&D | $236.1M | $236.6M | $220.8M | $198.8M | $194.2M | $158.9M | $161.9M | $141.0M | $130.4M | $112.0M |
| SG&A | $757.1M | $696.9M | $677.0M | $644.6M | $603.9M | $515.6M | $610.3M | $584.0M | $535.2M | $463.6M |
| Total operating expenses | $5.49B | $5.16B | $4.89B | $4.65B | $4.24B | $3.51B | $3.98B | $3.77B | $3.40B | $3.05B |
| Operating income | $1.91B | $1.78B | $1.71B | $1.50B | $1.31B | $1.03B | $1.18B | $1.08B | $903.6M | $791.0M |
| Interest expense | $81.3M | $113.0M | $81.8M | $83.2M | $80.4M | $86.1M | $88.5M | $82.2M | $98.0M | $94.3M |
| Pre-tax income | $1.80B | $1.66B | $1.61B | $1.43B | $1.22B | $1.08B | $1.07B | $987.7M | $796.7M | $693.1M |
| Income tax | $318.2M | $285.4M | $293.2M | $269.1M | $233.1M | $209.9M | $208.5M | $209.8M | $115.3M | $180.9M |
| Net income | $1.48B | $1.38B | $1.31B | $1.16B | $990.1M | $872.4M | $861.3M | $777.9M | $681.5M | $512.2M |
| EPS, basic | 6.42 | 5.95 | 5.70 | 5.04 | 4.29 | 3.80 | 3.78 | 3.37 | 2.96 | 2.20 |
| EPS, diluted | 6.40 | 5.93 | 5.67 | 5.01 | 4.25 | 3.77 | 3.75 | 3.34 | 2.94 | 2.19 |
| Shares, diluted (wtd. avg.) | $231.3M | $232.2M | $231.5M | $231.5M | $232.8M | $231.2M | $229.4M | $232.7M | $231.8M | $233.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $458.0M | $374.0M | $409.8M | $345.4M | $346.8M | $1.21B | $393.0M | $354.0M | $646.3M | $717.3M |
| Receivables | $1.12B | $948.8M | $1.01B | $919.3M | $829.2M | $597.5M | $744.8M | $732.8M | $668.2M | $592.3M |
| Inventory | $1.11B | $1.02B | $1.13B | $1.04B | $769.2M | $559.2M | $624.6M | $624.7M | $540.5M | $492.1M |
| Total current assets | $3.02B | $2.60B | $2.82B | $2.53B | $2.13B | $2.52B | $2.03B | $1.84B | $1.93B | $1.93B |
| Property, plant and equipment | $855.2M | $818.6M | $891.3M | $635.6M | $617.1M | $526.5M | $548.9M | $554.1M | $493.3M | $473.2M |
| Goodwill | $7.17B | $6.56B | $6.45B | $5.37B | $5.24B | $4.22B | $4.05B | $3.61B | $3.12B | $2.82B |
| Other intangibles | $4.13B | $3.92B | $4.17B | $3.34B | $3.37B | $2.62B | $2.76B | $2.40B | $2.01B | $1.73B |
| Total assets | $16.07B | $14.63B | $15.02B | $12.43B | $11.90B | $10.36B | $9.84B | $8.66B | $7.80B | $7.10B |
| Accounts payable | $618.0M | $523.3M | $516.6M | $497.1M | $470.3M | $360.4M | $377.2M | $399.6M | $437.3M | $369.5M |
| Short-term debt | $1.21B | $654.3M | $1.42B | $226.1M | $315.1M | $132.3M | $497.4M | $358.9M | $308.1M | $278.9M |
| Total current liabilities | $2.84B | $2.10B | $2.88B | $1.56B | $1.56B | $1.08B | $1.43B | $1.26B | $1.14B | $924.4M |
| Long-term debt | $1.07B | $1.43B | $1.90B | $2.16B | $2.23B | $2.28B | $2.27B | $2.27B | $1.87B | $2.06B |
| Total liabilities | $5.44B | $4.98B | $6.29B | $4.95B | $5.03B | $4.41B | $4.73B | $4.42B | $3.77B | $3.84B |
| Retained earnings | $12.25B | $11.06B | $9.94B | $8.86B | $7.90B | $7.09B | $6.39B | $5.65B | $5.00B | $4.40B |
| Total equity | $10.63B | $9.66B | $8.73B | $7.48B | $6.87B | $5.95B | $5.12B | $4.24B | $4.03B | $3.26B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.80B | $1.83B | $1.74B | $1.15B | $1.16B | $1.28B | $1.11B | $925.5M | $833.3M | $756.8M |
| Depreciation and amortisation | $145.5M | $135.3M | $122.5M | $113.7M | $108.5M | $101.3M | $101.4M | $85.4M | $82.0M | $74.8M |
| Stock-based compensation | $47.8M | $47.9M | $46.2M | $47.4M | $46.1M | $41.6M | $40.4M | $27.3M | $25.1M | $22.0M |
| Capital expenditure | $130.2M | $127.1M | $136.2M | $139.0M | $110.7M | $74.2M | $102.3M | $82.1M | $75.1M | $63.3M |
| Investing cash flow | -$1.06B | -$244.8M | -$2.38B | -$552.8M | -$2.06B | $61.6M | -$1.15B | -$1.21B | -$625.8M | -$452.4M |
| Financing cash flow | -$686.3M | -$1.60B | $697.3M | -$575.7M | $39.3M | -$539.4M | $72.9M | $13.0M | -$329.2M | $57.1M |
| Dividends paid | $285.3M | $258.8M | $230.3M | $202.2M | $184.6M | $165.0M | $127.5M | $128.9M | $82.7M | $83.3M |
| Buybacks | $434.0M | $212.0M | $7.8M | $332.8M | $14.7M | $4.7M | $11.9M | $367.7M | $6.9M | $336.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001037868-26-000016.
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