10-KPeriod: FY2025

AMETEK INC/ Annual Report, Year Ended Dec 31, 2025

Filed February 17, 2026For Securities:AME

Summary

AMETEK, Inc. reported a strong fiscal year 2025, achieving record sales, operating income, net income, and diluted earnings per share. The company's growth was driven by organic sales increases, contributions from strategic acquisitions, and the ongoing success of its "AMETEK Growth Model" which emphasizes Operational Excellence, Strategic Acquisitions, Global & Market Expansion, and New Product Development. Financially, AMETEK demonstrated robust performance with net sales reaching $7.4 billion and diluted EPS of $6.40. The company also generated significant operating cash flow of $1.8 billion, enabling substantial investments in acquisitions, share repurchases, and dividends. AMETEK continues to focus on its "Growth Model" to achieve high single-digit annual percentage growth in sales and double-digit annual percentage growth in earnings per share over the business cycle, positioning itself for continued long-term value creation for shareholders.

Financial Highlights

54 data points
Beta

Revenue

$7.40B

36.0% Gross Margin

Net Income

$1.48B

20.0% Net Margin

EPS (Diluted)

$6.40

Total Assets

$16.07B

Cash & Equivalents

$457.95M

Free Cash Flow

$1.67B

Financial Statements
Beta
Revenue$7.40B
Cost of Revenue$4.73B
Gross Profit$2.67B
R&D Expenses$236.10M
SG&A Expenses$757.12M
Operating Expenses$5.49B
Operating Income$1.91B
Net Income$1.48B
EPS (Basic)$6.42
EPS (Diluted)$6.40
Shares Outstanding (Basic)230.45M
Shares Outstanding (Diluted)231.26M

Key Highlights

  • 1Record net sales of $7.401 billion in 2025, a 6.6% increase year-over-year.
  • 2Diluted earnings per share reached a record $6.40 in 2025, up 7.9% from 2024.
  • 3Total orders for 2025 were a record $7.579 billion, with a backlog of $3.581 billion at year-end.
  • 4Completed two significant acquisitions in 2025: Kern Microtechnik and FARO Technologies, investing $933.2 million.
  • 5Generated strong operating cash flow of $1.802 billion in 2025.
  • 6Returned $728.3 million to shareholders through share repurchases ($443.0 million) and dividends ($285.3 million) in 2025.
  • 7Continued investment in R&D with $382.8 million spent in 2025, with approximately 27% of sales from products introduced in the last three years.

Frequently Asked Questions

In fiscal year 2025, AMETEK achieved record net sales of $7.401 billion, a 6.6% increase from 2024. Diluted earnings per share also reached a record $6.40, representing a 7.9% increase year-over-year. The company also reported record orders of $7.579 billion and maintained a strong backlog of $3.581 billion.

AMETEK's growth in 2025 was supported by strong operating cash flow of $1.802 billion. This enabled the company to invest $933.2 million in strategic acquisitions (Kern Microtechnik and FARO Technologies), return capital to shareholders through $443.0 million in share repurchases and $285.3 million in dividends, and continue investing in research and development ($382.8 million).

AMETEK's "Growth Model" is a strategic framework comprising Operational Excellence, Strategic Acquisitions, Global & Market Expansion, and New Product Development. This model aims for high single-digit annual sales growth and double-digit annual EPS growth. The company attributes its record performance in 2025, including strong organic growth and successful integration of acquisitions, to the effective implementation of this model.

AMETEK has a significant international presence, with 48.2% of its 2025 net sales generated outside the United States. The company operates in numerous countries and actively manages foreign currency exposures by aiming to naturally hedge non-functional currency assets and liabilities. While foreign currency translation had a favorable effect on sales in 2025, the company continuously monitors currency fluctuations to mitigate potential adverse impacts on its financial statements.