AMETEK (AME)
Market Price (5/21/2026): $224.48 | Market Cap: $51.4 BilSector: Industrials | Industry: Electrical Components & Equipment
AMETEK (AME)
Market Price (5/21/2026): $224.48Market Cap: $51.4 BilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% Low stock price volatilityVol 12M is 22% Megatrend and thematic driversMegatrends include Automation & Robotics, Smart Grids & Grid Modernization, and Advanced Materials. Themes include Factory Automation, Show more. | Weak multi-year price returns2Y Excs Rtn is -5.8%, 3Y Excs Rtn is -23% | Key risksAME key risks include [1] its strategic reliance on acquisitions and the subsequent integration challenges and [2] a slowdown in organic revenue growth. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% |
| Low stock price volatilityVol 12M is 22% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Smart Grids & Grid Modernization, and Advanced Materials. Themes include Factory Automation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -5.8%, 3Y Excs Rtn is -23% |
| Key risksAME key risks include [1] its strategic reliance on acquisitions and the subsequent integration challenges and [2] a slowdown in organic revenue growth. |
Qualitative Assessment
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AMETEK (AME) stock has remained largely at the same level since 1/31/2026 because of the following key factors:
1. AMETEK exceeded Q1 2026 earnings expectations and raised its full-year guidance. The company reported adjusted diluted earnings per share (EPS) of $1.97 for Q1 2026, surpassing analyst estimates of $1.90 to $1.92 by $0.05 to $0.07. Sales for the first quarter also increased by 11% year-over-year to $1.93 billion. Following these strong results, AMETEK increased its full-year 2026 adjusted EPS guidance to a range of $7.94 to $8.14, up from the prior guidance of $7.87 to $8.07 per diluted share.
2. The company demonstrated robust order growth and achieved a record backlog. AMETEK's orders in the first quarter of 2026 jumped by 23.3% to $2.22 billion, leading to a record backlog of $3.87 billion. This significant increase in orders and backlog provides strong visibility for future revenue and indicates sustained demand across its end markets.
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1. AMETEK exceeded Q1 2026 earnings expectations and raised its full-year guidance. The company reported adjusted diluted earnings per share (EPS) of $1.97 for Q1 2026, surpassing analyst estimates of $1.90 to $1.92 by $0.05 to $0.07. Sales for the first quarter also increased by 11% year-over-year to $1.93 billion. Following these strong results, AMETEK increased its full-year 2026 adjusted EPS guidance to a range of $7.94 to $8.14, up from the prior guidance of $7.87 to $8.07 per diluted share.
2. The company demonstrated robust order growth and achieved a record backlog. AMETEK's orders in the first quarter of 2026 jumped by 23.3% to $2.22 billion, leading to a record backlog of $3.87 billion. This significant increase in orders and backlog provides strong visibility for future revenue and indicates sustained demand across its end markets.
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Stock Movement Drivers
Fundamental Drivers
The 0.5% change in AME stock from 1/31/2026 to 5/20/2026 was primarily driven by a 6.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 5202026 | Change |
|---|---|---|---|
| Stock Price ($) | 223.62 | 224.71 | 0.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,164 | 7,598 | 6.0% |
| Net Income Margin (%) | 20.5% | 20.1% | -1.9% |
| P/E Multiple | 35.1 | 33.7 | -4.2% |
| Shares Outstanding (Mil) | 231 | 229 | 0.8% |
| Cumulative Contribution | 0.5% |
Market Drivers
1/31/2026 to 5/20/2026| Return | Correlation | |
|---|---|---|
| AME | 0.5% | |
| Market (SPY) | 7.4% | 61.4% |
| Sector (XLI) | 3.5% | 87.6% |
Fundamental Drivers
The 11.5% change in AME stock from 10/31/2025 to 5/20/2026 was primarily driven by a 6.4% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5202026 | Change |
|---|---|---|---|
| Stock Price ($) | 201.48 | 224.71 | 11.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,164 | 7,598 | 6.0% |
| Net Income Margin (%) | 20.5% | 20.1% | -1.9% |
| P/E Multiple | 31.6 | 33.7 | 6.4% |
| Shares Outstanding (Mil) | 231 | 229 | 0.8% |
| Cumulative Contribution | 11.5% |
Market Drivers
10/31/2025 to 5/20/2026| Return | Correlation | |
|---|---|---|
| AME | 11.5% | |
| Market (SPY) | 9.3% | 60.8% |
| Sector (XLI) | 10.8% | 85.1% |
Fundamental Drivers
The 33.4% change in AME stock from 4/30/2025 to 5/20/2026 was primarily driven by a 19.0% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5202026 | Change |
|---|---|---|---|
| Stock Price ($) | 168.48 | 224.71 | 33.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,941 | 7,598 | 9.5% |
| Net Income Margin (%) | 19.8% | 20.1% | 1.4% |
| P/E Multiple | 28.3 | 33.7 | 19.0% |
| Shares Outstanding (Mil) | 231 | 229 | 1.0% |
| Cumulative Contribution | 33.4% |
Market Drivers
4/30/2025 to 5/20/2026| Return | Correlation | |
|---|---|---|
| AME | 33.4% | |
| Market (SPY) | 35.2% | 54.0% |
| Sector (XLI) | 31.9% | 74.7% |
Fundamental Drivers
The 66.1% change in AME stock from 4/30/2023 to 5/20/2026 was primarily driven by a 25.6% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5202026 | Change |
|---|---|---|---|
| Stock Price ($) | 135.27 | 224.71 | 66.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,151 | 7,598 | 23.5% |
| Net Income Margin (%) | 18.9% | 20.1% | 6.7% |
| P/E Multiple | 26.8 | 33.7 | 25.6% |
| Shares Outstanding (Mil) | 230 | 229 | 0.4% |
| Cumulative Contribution | 66.1% |
Market Drivers
4/30/2023 to 5/20/2026| Return | Correlation | |
|---|---|---|
| AME | 66.1% | |
| Market (SPY) | 85.2% | 56.8% |
| Sector (XLI) | 78.5% | 72.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AME Return | 22% | -4% | 19% | 10% | 15% | 8% | 89% |
| Peers Return | 25% | -11% | 4% | 3% | 5% | 16% | 45% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| AME Win Rate | 67% | 33% | 58% | 50% | 67% | 60% | |
| Peers Win Rate | 67% | 40% | 52% | 50% | 50% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| AME Max Drawdown | -11% | -27% | -14% | -17% | -20% | -14% | |
| Peers Max Drawdown | -13% | -30% | -23% | -19% | -25% | -18% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KEYS, DHR, TDY, FTV, HON. See AME Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/20/2026 (YTD)
How Low Can It Go
| Event | AME | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -19.7% | -18.8% |
| % Gain to Breakeven | 24.5% | 23.1% |
| Time to Breakeven | 153 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.1% | -9.5% |
| % Gain to Breakeven | 13.8% | 10.5% |
| Time to Breakeven | 46 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -25.2% | -24.5% |
| % Gain to Breakeven | 33.6% | 32.4% |
| Time to Breakeven | 167 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.8% | -33.7% |
| % Gain to Breakeven | 71.7% | 50.9% |
| Time to Breakeven | 142 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.5% | -19.2% |
| % Gain to Breakeven | 25.8% | 23.8% |
| Time to Breakeven | 58 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.9% | -12.2% |
| % Gain to Breakeven | 28.1% | 13.9% |
| Time to Breakeven | 442 days | 62 days |
In The Past
AMETEK's stock fell -19.7% during the 2025 US Tariff Shock. Such a loss loss requires a 24.5% gain to breakeven.
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| Event | AME | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -25.2% | -24.5% |
| % Gain to Breakeven | 33.6% | 32.4% |
| Time to Breakeven | 167 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.8% | -33.7% |
| % Gain to Breakeven | 71.7% | 50.9% |
| Time to Breakeven | 142 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.5% | -19.2% |
| % Gain to Breakeven | 25.8% | 23.8% |
| Time to Breakeven | 58 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.9% | -12.2% |
| % Gain to Breakeven | 28.1% | 13.9% |
| Time to Breakeven | 442 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -29.4% | -17.9% |
| % Gain to Breakeven | 41.7% | 21.8% |
| Time to Breakeven | 101 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -47.8% | -53.4% |
| % Gain to Breakeven | 91.7% | 114.4% |
| Time to Breakeven | 575 days | 1085 days |
In The Past
AMETEK's stock fell -19.7% during the 2025 US Tariff Shock. Such a loss loss requires a 24.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About AMETEK (AME)
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets. This segment also provides power quality monitoring and metering devices, uninterruptible power supplies, programmable power equipment, electromagnetic compatibility test equipment, gas turbines, and environmental health and safety market sensors, dashboard instruments for heavy trucks and other vehicles, and instrumentation and controls for the food and beverage industries; and aircraft and engine sensors, monitoring systems, power supplies, fuel and fluid measurement systems, and data acquisition systems for the aerospace industry. Its EMG segment offers engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers. This segment also operates a network of aviation maintenance, repair, and overhaul facilities. In addition, the company offers clinical and educational communication solutions. AMETEK, Inc. was founded in 1930 and is headquartered in Berwyn, Pennsylvania.
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Here are 1-3 brief analogies for AMETEK (AME):
- AMETEK is like a smaller Honeywell, providing essential electronic instruments and electromechanical components behind the scenes for a vast range of industrial, aerospace, and commercial applications.
- AMETEK is similar to Danaher, but with a focus on a wide array of industrial instruments and specialized electromechanical devices for B2B customers across various sectors.
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- Electronic Instruments: Advanced instruments used across various industrial, aerospace, and power markets.
- Process & Analytical Instruments: Specialized instruments for industries such as oil & gas, pharmaceutical, semiconductor, and food & beverage.
- Power Quality & Management Equipment: Devices including uninterruptible power supplies, programmable power equipment, and power quality monitoring tools.
- Aerospace Instrumentation & Controls: Sensors, monitoring systems, power supplies, and data acquisition systems for aircraft and engines.
- Electromagnetic Compatibility Test Equipment: Instruments designed for testing the electromagnetic compatibility of electronic devices.
- Dashboard Instruments: Gauges and instruments specifically for heavy trucks and other vehicles.
- Engineered Electrical Connectors & Packaging: Components designed to protect sensitive and mission-critical electronics.
- Precision Motion Control Products: Devices used for precise movement in applications like data storage, medical devices, and automation.
- Advanced Materials: Products such as high-purity powdered metals, specialty clad metals, and metal matrix composites.
- Motor-Blower Systems & Heat Exchangers: Systems for thermal management in commercial aircraft, military, and industrial applications.
- Specialty Motors: Motors designed for use in commercial appliances, fitness equipment, hydraulic pumps, and industrial blowers.
- Aviation Maintenance, Repair, & Overhaul (MRO) Services: A network of facilities providing maintenance, repair, and overhaul services for aviation components.
- Communication Solutions: Offerings for clinical and educational communication needs.
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AMETEK (symbol: AME) primarily sells its products and services to other companies (Business-to-Business or B2B) rather than directly to individuals. The provided company description details the broad range of industries and applications that AMETEK serves, indicating a diverse customer base across various sectors globally. However, specific names of major customer companies are not listed in the provided background information.
Based on the description of its two segments (Electronic Instruments (EIG) and Electromechanical (EMG)), AMETEK's major customers would typically belong to the following categories:
- Aerospace and Defense Industry: This includes manufacturers and operators of commercial and and military aircraft, as well as military ground vehicles. AMETEK provides a wide array of sensors, monitoring systems, power supplies, fuel and fluid measurement systems, data acquisition systems, motor-blower systems, and offers aviation maintenance, repair, and overhaul (MRO) facilities.
- Industrial and Process Industries: Customers span various sectors such as oil and gas, petrochemical, pharmaceutical, semiconductor, automation, food and beverage, power, and general industrial markets. AMETEK supplies advanced instruments, process and analytical instruments, power quality monitoring devices, programmable power equipment, and motors for industrial applications like hydraulic pumps and blowers. This category also includes manufacturers of heavy trucks and other vehicles, for which AMETEK provides dashboard instruments.
- Medical and Life Sciences Sector: This comprises manufacturers of medical devices, companies utilizing laboratory equipment, and healthcare institutions for clinical and educational communication solutions.
- Specialty and Original Equipment Manufacturers (OEMs): This category includes manufacturers requiring engineered electrical connectors, electronics packaging, precision motion control products (for applications in data storage, medical devices, business equipment, and automation), high-purity powdered metals, specialty clad metals, and components for commercial appliances and fitness equipment.
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David A. Zapico, Chairman of the Board and Chief Executive Officer
Mr. Zapico was elected Chairman of the Board in June 2017 and has served as Chief Executive Officer since May 2016. He joined AMETEK as a Product Engineer in 1990 and has held various engineering and general management positions throughout the company. Prior to his current role, he served as Executive Vice President and Chief Operating Officer from January 2013 to May 2016, and as President, Electronic Instruments, from October 2003 to January 2013.
Dalip M. Puri, Executive Vice President and Chief Financial Officer
Mr. Puri has been Executive Vice President and Chief Financial Officer since April 2024. He joined AMETEK in 2017 as Vice President and Treasurer and has held roles including Vice President and Group Controller, Vice President, Operational Finance, and Senior Vice President, Operational Finance. Before joining AMETEK, Mr. Puri was Vice President, Treasurer and Investor Relations at Chemtura Corporation. Earlier in his career, he held positions of increasing responsibility at Delphi Corporation and Hewitt Associates.
Tony Ciampitti, President – Electronic Instruments
Mr. Ciampitti has served as President, Electronic Instruments since January 2017. He joined AMETEK in 1997 as a Technical Support Engineer and was promoted to Regional Sales Manager in 1998. His prior roles at AMETEK include Division Vice President and Business Unit Manager for the Upstream Oil & Gas business from 2005 to 2008, and Vice President and General Manager of AMETEK Power Systems and Instruments since 2008. Before AMETEK, he was a Nuclear Field Engineer with Berthold Systems, Inc.
Dave Hermance, President – Electromechanical Group
Mr. Hermance has been President, Electromechanical Group since January 2022. He began his career at AMETEK in 1991 as a Marketing Analyst and Planner within the U.S. Gauge business. He has held progressively larger leadership roles within the company, including Business Unit Manager for AMETEK's Industrial Products and Sensor Technologies businesses, and Vice President, General Manager, AMETEK Measurement, Communications and Testing (MC&T) Division since 2016.
Ronald J. Oscher, Chief Administrative Officer
Mr. Oscher has served as Chief Administrative Officer since May 2016. He joined AMETEK in 2010 as Vice President and General Manager of the Materials Analysis Division. His previous positions include President, Electronic Instruments since November 2014, and Senior Vice President and General Manager, Electronic Instruments, since 2013. Before joining AMETEK, Mr. Oscher held positions with Emerson Electric Corporation, Westinghouse, and McDonnell Douglas.
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Key risks to AMETEK's business include:
- Economic Sensitivity and End-Market Cyclicality: AMETEK's broad exposure to diverse industrial, aerospace, and commercial end markets makes it susceptible to global and regional economic downturns. Fluctuations in capital expenditure within industries such as oil and gas, semiconductors, aerospace and defense, or general industrial production can directly impact demand for AMETEK's advanced instruments, electromechanical devices, and services.
- Technological Obsolescence and Innovation Demands: Operating in markets that require advanced instruments, precision motion control, and specialized electronic components, AMETEK faces a continuous need for research and development to keep pace with rapid technological advancements. A failure to innovate or adapt to new industry standards and customer requirements could lead to product obsolescence, loss of competitive advantage, and erosion of market share, particularly in high-tech sectors like medical, aerospace, and semiconductor manufacturing.
- Supply Chain Disruptions and Raw Material Cost Volatility: The manufacturing of complex electronic instruments and electromechanical devices relies on intricate global supply chains for various components, including specialized electronic parts and raw materials (e.g., high-purity metals). Disruptions due to geopolitical events, natural disasters, supplier failures, or significant volatility in raw material costs can lead to increased production expenses, manufacturing delays, and an inability to meet customer commitments, negatively impacting profitability and operational efficiency.
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The increasing adoption of **autonomous and electric vehicles** poses an emerging threat to AMETEK's business in providing traditional "dashboard instruments for heavy trucks and other vehicles." As vehicle architecture shifts towards software-defined systems, integrated digital displays, and reduced human intervention, the demand for conventional hardware-centric instruments may decline significantly, similar to how smartphones disrupted the market for dedicated feature phones.
Additionally, the rapid advancements in **predictive maintenance and Prognostic Health Management (PHM)**, driven by artificial intelligence and advanced sensor technology, present a clear emerging threat to AMETEK's "aviation maintenance, repair, and overhaul facilities." These technologies enable airlines and operators to predict component failures and optimize maintenance schedules proactively, potentially reducing the need for traditional reactive or time-based MRO services and shifting the value proposition from physical repairs to data-driven insights.
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AMETEK, Inc. participates in several global markets for its electronic instruments and electromechanical devices. The addressable market sizes for its main products and services are outlined below:
- Process Analytical Instruments: The global process analytical instrumentation market was valued at USD 8.83 billion in 2026 and is projected to reach USD 11.46 billion by 2031, with a compound annual growth rate (CAGR) of 5.36% from 2026 to 2031.
- Uninterruptible Power Supply (UPS): The global uninterruptible power supply market is valued at USD 13.78 billion in 2026 and is projected to reach USD 23.14 billion by 2034, exhibiting a CAGR of 6.70% during the forecast period.
- Programmable Power Equipment: The global programmable power supply market was valued at USD 1.3 billion in 2025 and is projected to reach USD 2.5 billion by 2034, growing at a CAGR of 7.5% from 2026 to 2034.
- EMC Test Equipment: The global EMC shielding and test equipment market size was valued at USD 8.40 billion in 2024 and is expected to reach USD 13.59 billion by 2032, at a CAGR of 6.20% during the forecast period.
- Laboratory Equipment: The global laboratory equipment and disposables market size reached USD 40.5 billion in 2024 and is expected to reach USD 74.8 billion by 2033, exhibiting a CAGR of 6.69% during 2025-2033.
- Electronic Packaging: The global electronic packaging market size was estimated at USD 62.51 billion in 2024 and is projected to grow at a CAGR of 6.2% from 2025 to 2030.
- Metal Powders: The global metal powder market size was estimated at USD 6.92 billion in 2024 and is projected to reach USD 10.18 billion by 2030, growing at a CAGR of 5.8% from 2025 to 2030.
- Industrial Motors: The global industrial motors market is expected to grow from USD 23.39 billion in 2026 and is forecast to reach USD 29.46 billion by 2031, at a CAGR of 4.73%.
- Aviation MRO: The global aircraft MRO market size was estimated at USD 90.85 billion in 2024 and is projected to reach USD 120.96 billion by 2030, growing at a CAGR of 4.75% from 2025 to 2030.
- Clinical Communication Solutions: The global clinical communication & collaboration market size was valued at USD 3.29 billion in 2025 and is projected to grow to USD 9.32 billion by 2034, exhibiting a CAGR of 12.42% during the forecast period.
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Expected Drivers of Future Revenue Growth for AMETEK (AME)
- Strategic Acquisitions: AMETEK is expected to drive future revenue growth through a disciplined approach to strategic acquisitions, expanding its technological capabilities and market reach. The company deployed over $1.8 billion on acquisitions in 2025, including FARO Technologies, Kern Microtechnik, and LKC Technologies, and maintains a robust pipeline for further deals.
- Organic Growth through Technology Innovation and New Product Development: A significant driver of revenue growth for AMETEK will be its continued investment in technology innovation and the development of new products. The company strategically invests in research and development to create advanced solutions that meet complex customer needs, with new product development contributing 15% to organic growth in 2024.
- Global and Market Expansion in Attractive Niche Markets: AMETEK is focused on expanding its presence globally, particularly in Europe and emerging markets, and strengthening its position in attractive niche sectors. The company's diverse end-market exposures, including precision automation and aerospace, are anticipated to provide sustained success and contribute to revenue growth.
- Strong Performance in Key Segments (EIG and EMG): The consistent strong performance and projected growth within both the Electronic Instruments Group (EIG) and Electromechanical Group (EMG) segments are expected to fuel overall revenue. Both segments have shown significant contributions to revenue, with EMG divisions achieving double-digit organic growth in Q4 2025.
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Share Repurchases
- AMETEK's Board of Directors approved a new $1.25 billion share repurchase authorization in February 2025, replacing a previous $1 billion authorization from May 2022.
- The company repurchased approximately $443 million of its common stock in 2025.
- In 2024, AMETEK repurchased approximately $220 million in shares, including $155 million in the fourth quarter.
Share Issuance
- AMETEK's shares outstanding saw minor fluctuations, with a slight decline of 0.39% in 2025 and 0.01% in 2023, and a slight increase of 0.28% in 2024.
Outbound Investments
- From the beginning of 2020 through December 31, 2024, AMETEK completed 14 acquisitions with annualized sales totaling approximately $1.4 billion.
- In 2025, AMETEK deployed over $1.8 billion on acquisitions, share repurchases, and dividends, which included the acquisition of FARO Technologies for approximately $920 million.
- The company acquired Virtek Vision International for $117.5 million (net of cash acquired) in October 2024 and Kern Microtechnik for approximately €105 million in 2024.
Capital Expenditures
- AMETEK's capital expenditures were $110.7 million in 2021, peaked at $139 million in 2022, and were $136.2 million in 2023 and $127.1 million in 2024.
- Capital expenditures for the full year 2025 totaled $130 million.
- The company projects capital expenditures of approximately $160 million for 2026.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | GEO | GEO | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | RUN | Sunrun | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04172026 | RSG | Republic Services | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.1% |
| 04102026 | VRSK | Verisk Analytics | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.3% | 12.3% | 0.0% |
| 04102026 | UHAL | U-Haul | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -1.0% |
| 04302022 | AME | AMETEK | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.8% | 10.0% | -15.0% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 221.05 |
| Mkt Cap | 55.1 |
| Rev LTM | 6,912 |
| Op Inc LTM | 1,578 |
| FCF LTM | 1,342 |
| FCF 3Y Avg | 1,255 |
| CFO LTM | 1,472 |
| CFO 3Y Avg | 1,341 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.2% |
| Rev Chg 3Y Avg | 1.0% |
| Rev Chg Q | 7.6% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Inc Chg LTM | 3.5% |
| Op Inc Chg 3Y Avg | -1.6% |
| Op Mgn LTM | 18.1% |
| Op Mgn 3Y Avg | 18.6% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 24.2% |
| CFO/Rev 3Y Avg | 25.6% |
| FCF/Rev LTM | 21.7% |
| FCF/Rev 3Y Avg | 21.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 55.1 |
| P/S | 4.7 |
| P/Op Inc | 24.7 |
| P/EBIT | 25.1 |
| P/E | 33.6 |
| P/CFO | 24.0 |
| Total Yield | 3.4% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -4.9% |
| 3M Rtn | -5.6% |
| 6M Rtn | 17.5% |
| 12M Rtn | 15.8% |
| 3Y Rtn | 36.1% |
| 1M Excs Rtn | -8.8% |
| 3M Excs Rtn | -13.9% |
| 6M Excs Rtn | 6.1% |
| 12M Excs Rtn | -9.6% |
| 3Y Excs Rtn | -42.4% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electronic Instruments (EIG) | 4,660 | 4,624 | 4,229 | 3,764 | 2,990 |
| Electromechanical (EMG) | 2,281 | 1,973 | 1,921 | 1,783 | 1,550 |
| Corporate | 0 | 0 | |||
| Total | 6,941 | 6,597 | 6,151 | 5,547 | 4,540 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electronic Instruments (EIG) | 1,428 | 1,311 | 1,090 | 958 | 771 |
| Electromechanical (EMG) | 457 | 497 | 504 | 437 | 325 |
| Corporate | -105 | -100 | |||
| Corporate administrative expenses | -93 | -87 | -68 | ||
| Total | 1,780 | 1,707 | 1,501 | 1,309 | 1,028 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electronic Instruments (EIG) | 9,302 | 9,559 | 9,431 | 8,673 | 6,554 |
| Electromechanical (EMG) | 4,759 | 4,958 | 2,618 | 2,639 | 2,647 |
| Corporate | 570 | 506 | 383 | 587 | 1,156 |
| Total | 14,631 | 15,024 | 12,431 | 11,898 | 10,357 |
Price Behavior
Price Behavior
| Market Price | $224.71 | |
| Market Cap ($ Bil) | 51.6 | |
| First Trading Date | 07/19/1984 | |
| Distance from 52W High | -6.9% | |
| 50 Days | 200 Days | |
| DMA Price | $225.35 | $207.16 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -0.3% | 8.5% |
| 3M | 1YR | |
| Volatility | 27.3% | 21.8% |
| Downside Capture | 129.22 | 84.76 |
| Upside Capture | 76.80 | 87.64 |
| Correlation (SPY) | 63.2% | 51.3% |
AME Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.13 | 1.16 | 1.00 | 0.87 | 0.90 | 0.79 |
| Up Beta | 1.64 | 1.50 | 1.18 | 1.06 | 1.19 | 0.85 |
| Down Beta | 2.68 | 1.52 | 1.55 | 0.84 | 0.79 | 0.79 |
| Up Capture | 70% | 72% | 81% | 108% | 84% | 53% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 12 | 19 | 33 | 64 | 128 | 393 |
| Down Capture | -108% | 114% | 75% | 60% | 78% | 90% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 10 | 24 | 31 | 59 | 121 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AME | |
|---|---|---|---|---|
| AME | 24.5% | 21.7% | 0.92 | - |
| Sector ETF (XLI) | 20.0% | 15.5% | 0.98 | 73.9% |
| Equity (SPY) | 26.2% | 12.1% | 1.62 | 51.4% |
| Gold (GLD) | 40.2% | 26.8% | 1.24 | 19.5% |
| Commodities (DBC) | 46.2% | 18.7% | 1.89 | -22.5% |
| Real Estate (VNQ) | 11.1% | 13.4% | 0.54 | 42.0% |
| Bitcoin (BTCUSD) | -27.4% | 41.8% | -0.65 | 12.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AME | |
|---|---|---|---|---|
| AME | 11.7% | 21.6% | 0.46 | - |
| Sector ETF (XLI) | 12.3% | 17.4% | 0.55 | 77.8% |
| Equity (SPY) | 14.1% | 17.0% | 0.65 | 66.7% |
| Gold (GLD) | 19.5% | 18.0% | 0.89 | 10.1% |
| Commodities (DBC) | 11.1% | 19.4% | 0.46 | 11.7% |
| Real Estate (VNQ) | 4.0% | 18.8% | 0.11 | 51.8% |
| Bitcoin (BTCUSD) | 9.1% | 55.6% | 0.37 | 21.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AME | |
|---|---|---|---|---|
| AME | 17.8% | 24.4% | 0.68 | - |
| Sector ETF (XLI) | 13.8% | 20.0% | 0.61 | 83.0% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 75.1% |
| Gold (GLD) | 13.1% | 16.0% | 0.68 | 3.7% |
| Commodities (DBC) | 7.9% | 17.9% | 0.36 | 27.2% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 57.8% |
| Bitcoin (BTCUSD) | 67.1% | 66.9% | 1.06 | 17.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | -2.1% | -0.3% | |
| 2/3/2026 | -0.5% | 1.8% | -0.9% |
| 10/30/2025 | 7.7% | 7.5% | 6.2% |
| 7/31/2025 | 4.6% | 4.9% | 5.6% |
| 5/1/2025 | -1.4% | 0.1% | 5.4% |
| 2/4/2025 | -0.1% | 2.7% | 2.0% |
| 10/31/2024 | 8.5% | 12.7% | 15.1% |
| 8/1/2024 | -8.3% | -9.6% | -2.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 17 | 16 |
| # Negative | 10 | 8 | 8 |
| Median Positive | 1.3% | 3.8% | 5.9% |
| Median Negative | -1.2% | -2.0% | -2.0% |
| Max Positive | 8.5% | 12.7% | 22.0% |
| Max Negative | -8.3% | -9.6% | -6.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 EPS | 1.85 | 1.88 | 1.9 | -2.6% | Lowered | Guidance: 1.93 for Q4 2025 | |
| Q1 2026 Revenue Growth | 10.0% | 0 | 0 | Affirmed | Guidance: 10.0% for Q4 2025 | ||
| 2026 EPS | 7.87 | 7.97 | 8.07 | 8.5% | Higher New | Actual: 7.34 for 2025 | |
| 2026 Revenue Growth | 7.0% | 40.0% | 2.0% | Higher New | Actual: 5.0% for 2025 | ||
Prior: Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue Growth | 10.0% | Higher New | |||||
| Q4 2025 EPS | 1.9 | 1.93 | 1.95 | Higher New | |||
| 2025 Revenue Growth | 5.0% | 0.0% | 0.0% | Affirmed | Guidance: 5.0% for 2025 | ||
| 2025 EPS | 7.32 | 7.34 | 7.37 | 3.0% | Raised | Guidance: 7.13 for 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Amato, Thomas A | Direct | Sell | 3252026 | 216.78 | 530 | 114,893 | 971,174 | Form | |
| 2 | Montgomery, Thomas M | SR. VP. - COMPTROLLER | Direct | Sell | 12232025 | 205.05 | 6,388 | 1,309,890 | 4,534,992 | Form |
| 3 | Marecic, Thomas C | PRES. - ELECTRONIC INSTRUMENTS | Direct | Sell | 12162025 | 202.11 | 14,310 | 2,892,238 | 8,607,795 | Form |
| 4 | Zapico, David A | CHIEF EXECUTIVE OFFICER | Trust | Sell | 12122025 | 201.76 | 28,390 | Form | ||
| 5 | Zapico, David A | CHIEF EXECUTIVE OFFICER | Direct | Sell | 11262025 | 196.39 | 88,000 | 17,282,191 | 68,530,762 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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