AMETEK INC/AME

AMETEK INC/ Financial Overview 2021–2025

Updated Jul 10, 2026

AMETEK generated $1.80 billion in operating cash flow during FY2025, fueling an aggressive acquisition engine that rapidly scales its high-margin instrument and electromechanical portfolios. The central thesis for this industrial compounder rests on its ability to acquire niche, ultra-precision businesses and immediately wring out operational efficiencies to drive steady profitability. This playbook has proven highly durable across economic cycles, as total revenue grew from $5.55 billion in FY2021 to a record $7.40 billion in FY2025.

The company's execution translates directly into bottom-line expansion, with diluted earnings per share reaching $6.40 in FY2025, up 7.9% over FY2024. AMETEK funnels its cash generation straight into strategic growth and shareholder returns, deploying $933.2 million for key buyouts like Kern Microtechnik and FARO Technologies in FY2025, while also returning $728.3 million through repurchases and dividends. Future revenue visibility remains heavily insulated by a $3.58 billion backlog at the end of FY2025. Investors have heavily rewarded this predictable financial engineering and market expansion; at the close of FY2025, the market valued the company at a $47.0 billion market capitalization, with shares trading at $205.31 and pricing the stock at a premium 32.1x earnings multiple.

Recent Developments (Q4 2025 and Q1 2026)

AMETEK accelerated its momentum in Q1 2026, raising full-year guidance after net sales jumped 11.3% to $1.93 billion. Profitability outpaced revenue, with operating income rising 13.2% to $514.9 million and EPS climbing 14.5% to $1.74. The Electromechanical Group expanded operating margins by 380 basis points. This execution yielded record orders, pushing the total backlog to $3.87 billion. Management concurrently bumped the quarterly dividend 10% to $0.34 per share.

A new wave of acquisitions followed, including closed deals for LKC Technologies and First Aviation Services, plus a definitive agreement to buy Indicor. To finance Indicor, AMETEK secured a $4.0 billion term loan. Bulls argue this M&A engine seamlessly translates into immediate margin expansion. Bears caution that adding billions in debt elevates leverage risks if target integration stumbles. The market prices this execution at a premium 36.8x earnings as of the Q1 2026 report.

What to watch: integration progress for Indicor and First Aviation; leverage ratio impacts from the new debt facilities.

Rev

$7.40B

+6.6% YoY

FY2025

NI

$1.48B

+7.6% YoY

FY2025

EPS

$6.42

+7.9% YoY

FY2025

OCF

$1.80B

-1.5% YoY

FY2025

Revenue Trend
Beta

Year-over-year comparison from 10-K annual reports

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Data from SEC Company Facts

All AME Financial Metrics(61)

Recent SEC Filings

AMETEK INC/ 8-K Report, Corporate Update (Aug 26, 2026)

AMETEK, Inc. (AME) announced on August 26, 2026, the successful completion of its previously disclosed acquisition of Indicor Instrumentation. This transaction involves a portfolio of businesses specializing in the design and manufacture of mission-critical solutions tailored for challenging industrial and scientific applications. The acquisition is expected to enhance AMETEK's market position in key sectors by adding complementary and leading technologies.

AMETEK INC/ 8-K Report, Corporate Update (Aug 11, 2026)

AMETEK, Inc. (AME) announced a significant increase in its commercial paper program, raising the maximum aggregate face amount of outstanding short-term, unsecured commercial paper notes from $2.3 billion to $3.5 billion, an increase of $1.2 billion. This expansion is intended to provide greater financial flexibility, with a stated expectation that the program will be utilized for various purposes, including funding potential acquisitions. The company also confirmed that its existing revolving credit facility will continue to serve as a liquidity backstop for these commercial paper notes, ensuring that total outstanding debt under both facilities does not exceed the new $3.5 billion limit.

AMETEK INC/ 8-K Report, Financial Results (Aug 4, 2026)

AMETEK, Inc. (AME) has filed an 8-K report on August 4, 2026, to announce its financial results for the second quarter and first half of 2026. The company reported record results for the quarter and has consequently raised its full-year financial guidance. This positive development suggests strong operational performance and confidence in continued growth for the remainder of the fiscal year.

AMETEK INC/ 8-K Report, Material Agreement (Jun 12, 2026)

AMETEK, Inc. (AME) has filed an 8-K detailing significant amendments to its financing structure, primarily related to its upcoming acquisition of Indicor Holdings, LLC. The company has executed an Amended and Restated Credit Agreement, substantially increasing its revolving credit facility to $3.5 billion from $2.3 billion and extending the maturity date to June 9, 2031. This expanded facility can be used for general corporate purposes, including acquisitions, working capital, and refinancing, with up to $1.0 billion earmarked for the Indicor Acquisition. Furthermore, AME has entered into a new Term Loan Credit Agreement providing for up to $4.0 billion across three tranches (maturing in three, four, and five years) specifically to fund the Indicor Acquisition. The funding of these term loans is contingent upon the consummation of the acquisition. These new credit facilities effectively replace previously secured bridge financing for the acquisition, indicating a more stable and long-term funding strategy.

AMETEK INC/ 8-K Report, Corporate Update (May 26, 2026)

AMETEK, Inc. (AME) has announced the completion of its acquisition of First Aviation Services, a significant move that expands AMETEK's presence in the defense and aviation sectors. First Aviation Services is recognized for its expertise in maintenance, repair, and overhaul (MRO) services, as well as its manufacturing of proprietary components for these critical industries. This acquisition is expected to enhance AMETEK's market position and contribute to its growth trajectory within these specialized, high-value markets. Investors should view this acquisition as a strategic step towards strengthening AMETEK's portfolio in aerospace and defense, an area with long-term growth potential driven by defense spending and the increasing complexity of aviation assets. The integration of First Aviation Services' capabilities is likely to unlock new revenue streams and operational synergies, further solidifying AMETEK's position as a diversified industrial technology leader. The company has furnished a press release detailing this transaction, providing further context for stakeholders.

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