Ametek $AME

Company profile

AMETEK, Inc. is incorporated in Delaware; its predecessor was originally incorporated in Delaware in 1930 under the name American Machine and Metals, Inc. In its Form 10-K for the fiscal year ended December 31, 2025 it describes itself as a leading global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America, with principal executive offices at 1100 Cassatt Road, Berwyn, Pennsylvania. Its common stock trades on the New York Stock Exchange under the symbol AME; 228,977,202 shares were outstanding on January 30, 2026 (10-K cover). The 10-K reports approximately 22,500 employees as of December 31, 2025 and two reportable segments, Electronic Instruments (EIG) and Electromechanical (EMG). It says that from the beginning of 2021 through December 31, 2025 AMETEK completed 15 acquisitions with annualized sales totaling approximately $1.8 billion.

Net sales were $7,401.1 million in 2025, against $6,941.2 million in 2024; the 10-K attributes the increase to a 4% increase from acquisitions, a 2% organic sales increase and a 1% favorable effect of foreign currency translation. Net income was $1,480.1 million, against $1,376.1 million, and diluted earnings per share were $6.40, against $5.93. Orders were $7,579.4 million, against $6,810.3 million, and the backlog of unfilled orders at December 31, 2025 was $3,581.5 million. Cash provided by operating activities totaled $1,801.8 million. During 2025 AMETEK spent $933.2 million in cash, net of cash acquired, to purchase Kern Microtechnik (January 2025) and FARO Technologies (July 2025) (10-K, Items 1 and 7).

For the quarter ended June 30, 2026, its 10-Q (unaudited) reports net sales of $2,044.4 million, against $1,778.1 million a year earlier, net income of $406.9 million and diluted earnings per share of $1.77, against $1.55. Orders were $2,284.0 million and the backlog of unfilled orders at June 30, 2026 was $4,110.2 million. In its August 4, 2026 release AMETEK reported adjusted earnings of $2.09 per diluted share (non-GAAP) and said it expects 2026 sales to be up approximately 10% versus 2025 and adjusted earnings per diluted share of $8.20 to $8.30 (company projection, non-GAAP, as of August 4, 2026).

On August 26, 2026 AMETEK announced that it had completed the acquisition of a portfolio of instrumentation businesses from Indicor, LLC (Indicor Instrumentation) in an all-cash transaction valued at $5.0 billion; the release says Indicor Instrumentation is expected to contribute approximately $350 million to AMETEK's 2026 sales and that the businesses join EIG and EMG. The August 4 outlook was given before that closing. In June 2026 AMETEK entered into an amended revolving credit agreement of $3.5 billion and a term loan facility of up to $4.0 billion for the acquisition (Form 8-K filed June 12, 2026). David A. Zapico, Chairman of the Board and Chief Executive Officer, and Dalip M. Puri, Executive Vice President and Chief Financial Officer, signed the 10-K on February 17, 2026.

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Revenue by fiscal year, as reported in 10-K

Segments and products

• Electronic Instruments (EIG): Described in the 10-K as a leader in the design and manufacture of advanced analytical, test and measurement instruments for the process, aerospace, medical, research, power and industrial markets. Net sales were $4,919.1 million in 2025, against $4,659.9 million in 2024, and operating income was $1,447.1 million, against $1,428.4 million; operating margins were 29.4% of net sales, against 30.7%. Process and analytical instrumentation was 70% of EIG's 2025 net sales and aerospace and power instrumentation 30%. In 2025, 52% of EIG's net sales were to customers outside the United States, and at December 31, 2025 EIG employed approximately 12,800 people. Approximately 4% of its 2025 net sales were made to its five largest customers (10-K, Items 1 and 7).¹
• Electromechanical (EMG): Described in the 10-K as a leader in the design and manufacture of highly engineered medical components and devices, automation solutions, thermal management systems, specialty metals and electrical interconnects; it also operates a global network of aviation maintenance, repair and overhaul (MRO) facilities. Net sales were $2,482.0 million in 2025, against $2,281.3 million in 2024, and operating income was $578.9 million, against $456.5 million; operating margins were 23.3% of net sales, against 20.0%. Automation and engineered solutions was 70% of EMG's 2025 net sales and aerospace 30%. In 2025, 42% of EMG's net sales were to customers outside the United States, and at December 31, 2025 EMG employed approximately 9,400 people. Approximately 15% of its 2025 net sales were made to its five largest customers (10-K, Items 1 and 7).¹
• Net sales by major product line, 2025 and 2024: Net sales as filed, in thousands, for 2025 and 2024: process and analytical instrumentation $3,464,289 and $3,232,918 (all in EIG); aerospace and power $2,187,172 and $2,051,567 (of which EIG $1,454,811 and $1,426,997, EMG $732,361 and $624,570); automation and engineered solutions $1,749,655 and $1,656,695 (all in EMG) (10-K, revenues note).¹⁷
• Net sales by geography, 2025 and 2024: Net sales as filed, in thousands, for 2025 and 2024: United States $3,830,639 and $3,649,434; United Kingdom $261,933 and $233,524; European Union countries $1,089,530 and $976,685; Asia $1,488,788 and $1,432,173; other foreign countries $730,226 and $649,364; total international $3,570,477 and $3,291,746 (10-K, revenues note).¹⁸
• Segment results, second quarter of 2026: For the three months ended June 30, 2026 (unaudited), as filed in thousands in the August 4, 2026 release: Electronic Instruments net sales $1,321,153, against $1,159,571 a year earlier, and operating income $369,722, against $344,428; Electromechanical net sales $723,244, against $618,485, and operating income $189,317, against $143,888.⁶

Risks

• Cyclical end markets: The 10-K says a number of the industries in which AMETEK operates are cyclical, and that a downturn in the U.S. or global economy, and in particular in the aerospace and defense, oil and gas, process instrumentation or power markets, could have an adverse effect on its business. It says visibility into the future performance of certain of its markets is limited and that its quarterly sales and profits depend substantially on the volume and timing of orders received during the quarter, which are difficult to forecast (10-K, Item 1A).¹
• International sales, trade and tariffs: International sales represented 48.2% of consolidated net sales in 2025 and 47.4% in 2024, and as of December 31, 2025 AMETEK had manufacturing operations in 22 countries outside the United States. Among the risks of operating internationally, the 10-K lists trade protection measures such as the imposition of or increase in tariffs, increasing trade tensions between the United States and certain countries, including China, the development of a global minimum tax and fluctuations in foreign currency exchange rates (10-K, Item 1A).¹
• Acquisition strategy: The 10-K says a portion of AMETEK's growth has been attributed to acquisitions and that it plans to continue making strategic acquisitions, and that its ability to do so depends on factors including identifying acceptable candidates, competition for acquisitions, integrating acquired businesses, available financing, and mitigating assumed, contingent and unknown liabilities. It also says the indemnification provisions of its acquisition agreements may not fully protect it (10-K, Item 1A).¹
• Goodwill and intangible assets: At December 31, 2025 goodwill and other intangible assets, net of accumulated amortization, totaled $11,299.2 million, or 70% of total assets. The 10-K says that if future operating performance at one or more reporting units were to fall significantly below current levels, AMETEK could record a non-cash impairment charge, which would negatively affect its financial condition and results of operations (10-K, Item 1A).¹
• Supply of components and raw materials: The 10-K says AMETEK purchases some parts and components, including semiconductor chips and other electronic components, from suppliers, that certain items, including base metals and certain steel components, are available only from a limited number of suppliers and are subject to commodity market fluctuations, and that shortages or price increases could affect its prices, operating costs and competitive position (10-K, Item 1A).¹
• Debt covenants for the Indicor financing: On June 9, 2026 AMETEK entered into an amended revolving credit agreement raising commitments from $2.3 billion to $3.5 billion, maturing June 9, 2031, and a senior unsecured term loan facility of up to $4.0 billion in three tranches maturing three, four and five years after drawing, whose proceeds may only be used for the Indicor acquisition. The 8-K says both contain limitations on indebtedness, liens, fundamental changes and asset sales and financial covenants requiring a maximum total net leverage ratio or, after a transition condition, a minimum interest coverage ratio (Form 8-K filed June 12, 2026).⁸

Frequently asked questions

What does AMETEK do?

AMETEK describes itself in its 10-K for 2025 as a leading global manufacturer of electronic instruments and electromechanical devices. Its Electronic Instruments Group makes advanced analytical, test and measurement instruments for the process, aerospace, medical, research, power and industrial markets, and its Electromechanical Group makes highly engineered medical components and devices, automation solutions, thermal management systems, specialty metals and electrical interconnects.

How much revenue did AMETEK make in 2025?

Net sales were $7,401,116 thousand in 2025 (year ended December 31, 2025), against $6,941,180 thousand in 2024, according to its 10-K. Net sales were $6,596,950 thousand in 2023, $6,150,530 thousand in 2022 and $5,546,514 thousand in 2021, as filed in those years' 10-Ks.

Which AMETEK segment is larger?

Electronic Instruments (EIG), with 2025 net sales of $4,919.1 million and operating income of $1,447.1 million. Electromechanical (EMG) had net sales of $2,482.0 million and operating income of $578.9 million (10-K for 2025).

What were AMETEK's latest quarterly results?

For the quarter ended June 30, 2026, its 10-Q (unaudited) reports net sales of $2,044.4 million, against $1,778.1 million a year earlier, and diluted earnings per share of $1.77, against $1.55. The August 4, 2026 release reports adjusted earnings of $2.09 per diluted share, a non-GAAP measure that adds back non-cash, after-tax, acquisition-related intangible amortization, financing fees and integration costs.

What is AMETEK's outlook for 2026?

In its August 4, 2026 release AMETEK said it expects 2026 sales to be up approximately 10% versus 2025 and adjusted earnings per diluted share of $8.20 to $8.30, raised from a prior range of $7.94 to $8.14; for the third quarter it expected sales up high single digits and adjusted earnings of $2.08 to $2.10 per share. These are company projections and the EPS figures are non-GAAP. The outlook predates the August 26, 2026 completion of the Indicor Instrumentation acquisition.

What did AMETEK acquire in 2026?

Its 10-Q for the quarter ended June 30, 2026 says AMETEK acquired LKC Technologies in January 2026 and First Aviation Services in May 2026, spending $424.5 million in cash, net of cash acquired. On August 26, 2026 it announced the completion of its acquisition of Indicor Instrumentation, a portfolio of instrumentation businesses from Indicor, LLC, in an all-cash transaction valued at $5.0 billion.

Does AMETEK pay a dividend?

Yes. On February 12, 2026 AMETEK announced a 10% increase in its quarterly cash dividend to $0.34 per share from $0.31, which it said raises the indicated annual rate to $1.36 per share. Cash dividends paid were $285,345 thousand in 2025 (10-K cash flow statement).

Who runs AMETEK?

David A. Zapico is Chairman of the Board and Chief Executive Officer and Dalip M. Puri is Executive Vice President and Chief Financial Officer; both signed AMETEK's 10-K for the year ended December 31, 2025 on February 17, 2026.

Sources

1. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2025, Feb 17, 2026
2. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2025: Cover Page (XBRL financial report R1), Feb 17, 2026
3. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2025: Consolidated Statement of Income (XBRL financial report R3), Feb 17, 2026
4. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-Q for the quarterly period ended June 30, 2026, Aug 4, 2026
5. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-Q for the quarterly period ended June 30, 2026: Consolidated Statement of Income (XBRL financial report R2), Aug 4, 2026
6. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 8-K filed August 4, 2026, Item 2.02, Exhibit 99.1: press release, AMETEK Announces Record Second Quarter 2026 Results and Raises Full Year Guidance, Aug 4, 2026
7. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 8-K filed August 26, 2026, Exhibit 99.1: press release, AMETEK Completes Acquisition of Indicor Instrumentation, Aug 26, 2026
8. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 8-K filed June 12, 2026, Items 1.01 and 2.03: Amended and Restated Credit Agreement and Term Loan Credit Agreement (event date June 9, 2026), Jun 12, 2026
9. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2025: Consolidated Statement of Cash Flows (XBRL financial report R10), Feb 17, 2026
10. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2025: Consolidated Balance Sheet (XBRL financial report R6), Feb 17, 2026
11. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-Q for the quarterly period ended June 30, 2026: Consolidated Balance Sheet (XBRL financial report R5), Aug 4, 2026
12. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 8-K filed February 12, 2026, Exhibit 99.1: press release, AMETEK Increases Quarterly Dividend, Feb 12, 2026
13. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2021: Consolidated Statement of Income (XBRL financial report R3), Feb 22, 2022
14. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2022: Consolidated Statement of Income (XBRL financial report R3), Feb 21, 2023
15. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2023: Consolidated Statement of Income (XBRL financial report R3), Feb 22, 2024
16. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2024: Consolidated Statement of Income (XBRL financial report R3), Feb 20, 2025
17. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2025: Revenues, Major Products and Services in Reportable Segments (XBRL financial report R50), Feb 17, 2026
18. AMETEK, Inc. (SEC filing), AMETEK, Inc. Form 10-K for the fiscal year ended December 31, 2025: Revenues, Information about Operations in Different Geographic Areas (XBRL financial report R49), Feb 17, 2026

Figures last checked against the sources above on Oct 15, 2026. General information, not investment advice.