01—Abstract
Summary
Summary of the 10-K filed February 17, 2026. Cited figures are marked; the original filing is the authoritative source.
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 billiona and diluted EPS of $6.40.
The company also generated significant operating cash flow of $1.8 billionb, 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.
02—Key points
Key Highlights
- Record net sales of $7.401 billion in 2025, a 6.6% increase year-over-year.
- Diluted earnings per share reached a record $6.40 in 2025, up 7.9% from 2024.
- Total orders for 2025 were a record $7.579 billion, with a backlog of $3.581 billion at year-end.
- Completed two significant acquisitions in 2025: Kern Microtechnik and FARO Technologies, investing $933.2 million.
- Generated strong operating cash flow of $1.802 billion in 2025.
- Returned $728.3 million to shareholders through share repurchases ($443.0 million) and dividends ($285.3 million) in 2025.
- Continued investment in R&D with $382.8 million spent in 2025, with approximately 27% of sales from products introduced in the last three years.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2025, Ametek Inc kept $0.20.
- Revenue$7.40B100.0%
- Cost of revenue−$4.73B64.0%
- Gross profit$2.67B36.0%
- Operating costs−$757.1M10.2%
- Operating income$1.91B25.8%
- Interest, other & tax−$430.2M5.8%
- Net income$1.48B20.0%
04—Financials
Financial Highlights
Figures from 10-KFY2025filed February 17, 2026Financial Statements
FY2025 against FY2024
| Line item | FY2025FY2024 | Change |
|---|---|---|
| Revenue | $7.40B$6.94B | +6.6% |
| Cost of Revenue | $4.73B$4.46B | +6.0% |
| Gross Profit | $2.67B$2.48B | +7.7% |
| R&D Expenses | $236.10M$236.60M | −0.2% |
| SG&A Expenses | $757.12M$696.90M | +8.6% |
| Operating Expenses | $5.49B$5.16B | +6.4% |
| Operating Income | $1.91B$1.78B | +7.3% |
| Net Income | $1.48B$1.38B | +7.6% |
| EPS (Basic) | $6.42$5.95 | +7.9% |
| EPS (Diluted) | $6.40$5.93 | +7.9% |
| Shares Outstanding (Basic) | 230.45M231.26M | −0.3% |
| Shares Outstanding (Diluted) | 231.26M232.17M | −0.4% |
05—Questions
Frequently Asked Questions
What were AMETEK's key financial achievements in fiscal year 2025?
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.
How did AMETEK fund its growth and capital allocation in 2025?
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).
What is AMETEK's "Growth Model" and how does it contribute to performance?
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.
How is AMETEK managing its international operations and currency risks?
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.
06—Continue