AMETEK INC/AME
AMETEK INC/ Financial Overview 2021–2025
Updated Jul 10, 2026AMETEK 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
FY2025
NI
$1.48B
FY2025
EPS
$6.42
FY2025
OCF
$1.80B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
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.
AMETEK INC/ 8-K Report, Shareholder Vote Results (May 11, 2026)
This 8-K filing reports the results of AMETEK, Inc.'s (AME) Annual Meeting of Stockholders held on May 7, 2026. The primary focus of this filing is the outcome of shareholder votes on key corporate governance matters. Investors will find reassurance in the strong approval for the election of directors and the advisory approval of executive compensation, indicating broad shareholder confidence in the company's leadership and remuneration policies. Additionally, the appointment of Ernst & Young LLP as the independent registered public accounting firm for the upcoming fiscal year was overwhelmingly ratified, reinforcing the company's commitment to transparent financial reporting and oversight. Specifically, all director nominees presented received substantial "For" votes, with significant margins over "Against" votes. The advisory vote on executive compensation also passed with a strong majority. The ratification of the independent auditor further solidifies the established governance structure. Investors can interpret these results as positive indicators of shareholder alignment with the company's strategic direction and operational integrity.
AMETEK INC/ 8-K Report, Executive Changes (May 8, 2026)
AMETEK, Inc. (AME) has announced the appointment of Nick L. Stanage to its Board of Directors, effective May 7, 2026. Mr. Stanage will serve as an independent Class III Director until the 2027 Annual Meeting. This appointment brings new expertise to the board, though no specific details regarding potential strategic impact are provided in this filing. Investors should note that Mr. Stanage's appointment is not tied to any prior arrangements or understandings with other parties. The company also outlined the standard compensation for its non-employee directors, which includes an annual retainer of $120,000 and an annual equity award valued at $210,000, both prorated for Mr. Stanage's initial year of service. Directors are also reimbursed for related expenses. The press release announcing this appointment is attached as an exhibit, and investors can refer to it for further details on Mr. Stanage's background and the company's rationale for the appointment.
AMETEK INC/ 8-K Report, Corporate Update (May 6, 2026)
AMETEK, Inc. (AME) announced on May 6, 2026, a significant strategic move with the signing of a definitive agreement to acquire Indicor Instrumentation, a portfolio of instrumentation businesses. This acquisition is expected to bolster AMETEK's presence and capabilities within the instrumentation sector, a key area of focus for the company's growth strategy. Investors should view this as a move to expand market share and potentially enhance future revenue streams through synergistic integration of acquired assets. The company has provided investors with detailed information regarding this transaction through a press release (Exhibit 99.1) and an investor presentation (Exhibit 99.2) on the same date. These documents likely outline the strategic rationale, financial implications, and expected benefits of the acquisition. Investors are encouraged to review these furnished exhibits for a comprehensive understanding of the deal's terms and AMETEK's outlook following this development.
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