Ametek Inc

AMETEK, based in Berwyn, Pennsylvania, makes specialized electronic instruments and electromechanical devices. This is equipment that measures, tests, monitors and moves things inside other companies' operations. Its customers work in niche markets such as aerospace and defense, power, oil and gas, pharmaceuticals, semiconductors, healthcare and factory automation. It aims for strong positions in narrow markets with differentiated, highly engineered products. Operating profit was 25.8% of fiscal 2025 revenue.

AMETEK reports two segments. The Electronic Instruments Group (EIG) brought in $4.92 billion, or 66.5% of fiscal 2025 revenue of $7.40 billion. It makes process analyzers, emission monitors, sensors, precision measurement tools, power quality monitors, and aircraft and engine sensors. The Electromechanical Group (EMG), with 33.5%, makes motion control systems, medical components, thermal management systems, specialty metals and electrical connectors. By market, process and analytical instrumentation made up 46.8% of revenue, aerospace and power 29.6%, and automation and engineered solutions 23.6%.

Acquisitions are central to the strategy. From the start of 2021 through December 31, 2025, AMETEK completed 15 acquisitions with about $1.8 billion in combined annual sales. They included FARO Technologies, a 3D measurement company, in July 2025. Customers outside the United States made up 48.2% of fiscal 2025 sales, led by Asia at 20.1% and European Union countries at 14.7%.

• In Q2 FY2026 (ended Jun 30, 2026), revenue was $2.04B, up 15% from a year earlier, and net income was $406.9M (+13.5%).
• For fiscal 2025, revenue was $7.40B (+6.6% year over year; +10.3% a year from FY2020 to FY2025) with a 20% net margin.

• Over FY2021–FY2025: $1.00B in buybacks and $1.16B in dividends.
• Regular dividend per share increased 6 years in a row.
• Regular dividends per share grew +11.6% a year over 5 years (FY2020–FY2025).
• Dividends took 19.3% of earnings and 17.1% of free cash flow in the latest fiscal year.
• Shares outstanding changed -0.8% from Jul 30, 2021 to Jul 28, 2026.

Rank among 1514 US companies

Market value at each year end

Ametek’s market value went from $11.25B at the end of 2016 to $55.46B on Nov 2, 2026, about 4.9 times as much; since the end of 2025 it is up 17%.

Form 4 filings from 2025-10-27 to 2026-10-27 (25 read): 1 open-market purchases ($1.0M) and 2 sales ($1.8M).

Large shareholders (13G filings)

ETFs with the most weight in AME

1. Growth depends heavily on acquisitions. AMETEK completed 15 acquisitions from 2021 through 2025. Future deals may not close, newer businesses such as FARO may integrate poorly, and sellers' guarantees may not cover unexpected liabilities.
2. Goodwill write-downs could hit earnings. Goodwill, the premium paid for acquired companies over the value of their identifiable assets, and other intangibles make up a large share of total assets. Write-downs would cut reported profits if acquired businesses underperform.
3. Cyclical markets and hard-to-predict orders. A downturn in aerospace and defense, oil and gas, process instrumentation or power would hurt results. Demand also depends on customers' capital budgets and government funding, and quarterly orders are hard to forecast.
4. Tariffs and US-China trade tensions. International customers made up 48.2% of fiscal 2025 sales, and AMETEK manufactures in 22 countries outside the US, including China, Mexico and Serbia. New tariffs or trade barriers could raise costs or disrupt supply.
5. A stronger dollar can shrink results. A rising dollar makes AMETEK's products pricier abroad, which may cost sales or force price cuts. It also lowers the dollar value of foreign sales and profits when they are translated back for reporting.
6. Export rules can block some deals. Import, export control and sanctions laws may limit deals with certain customers, partners and countries. Tighter rules or compliance failures could cost AMETEK business, and improper conduct by staff or agents could bring penalties.

• Aug 26, 2026 Other company announcement
• Aug 11, 2026 Other company announcement
• Aug 4, 2026 Quarterly results released
• Jun 12, 2026 Major agreement signed; New debt or financial obligation
• May 26, 2026 Other company announcement
• May 11, 2026 Shareholder vote results
• May 8, 2026 Executive or board change
• May 6, 2026 Other company announcement
• Apr 30, 2026 Quarterly results released; Other company announcement
• Feb 12, 2026 Other company announcement

AMETEK pays a small but growing dividend. Dividends per share rose from $0.71 in fiscal 2020 to $1.23 in fiscal 2025, about 11.6% a year, for a six-year streak of increases. The dividend used just 19.3% of fiscal 2025 earnings and 17.1% of free cash flow (cash left after capital spending). But the yield was only 0.54% as of October 28, 2026, so the shares produce little income. Share repurchases totaled about $1.0 billion over fiscal 2021–2025, yet the share count fell only 0.8% from July 2021 to July 2026. Acquisitions get first call on cash.

The shares have dropped sharply in past downturns but recovered. They fell 53.4% in the 2008 financial crisis and needed about 20 months to regain their peak. They lost 42% in the 2020 COVID crash, recovering within five months, and 26.4% in the 2022 bear market, recovering in about seven months. A single stock carries more risk than a diversified fund.