NYSE: AME
Ametek
Industrials · Industrial Instruments For Measurement, Display, and Control
52-week range
$188.47$261.16
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$55.5B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $11.2B |
| FY2017, ended Dec 31, 2017 | $16.8B |
| FY2018, ended Dec 31, 2018 | $15.4B |
| FY2019, ended Dec 31, 2019 | $22.9B |
| FY2020, ended Dec 31, 2020 | $27.9B |
| FY2021, ended Dec 31, 2021 | $34.1B |
| FY2022, ended Dec 31, 2022 | $32.1B |
| FY2023, ended Dec 31, 2023 | $38.1B |
| FY2024, ended Dec 31, 2024 | $41.6B |
| FY2025, ended Dec 31, 2025 | $47.0B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $55.5B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$7.86B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $3.84B |
| FY2017, ended Dec 31, 2017 | $4.30B |
| FY2018, ended Dec 31, 2018 | $4.85B |
| FY2019, ended Dec 31, 2019 | $5.16B |
| FY2020, ended Dec 31, 2020 | $4.54B |
| FY2021, ended Dec 31, 2021 | $5.55B |
| FY2022, ended Dec 31, 2022 | $6.15B |
| FY2023, ended Dec 31, 2023 | $6.60B |
| FY2024, ended Dec 31, 2024 | $6.94B |
| FY2025, ended Dec 31, 2025 | $7.40B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $7.86B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $512M | $694M |
| FY2017, ended Dec 31, 2017 | $681M | $758M |
| FY2018, ended Dec 31, 2018 | $778M | $843M |
| FY2019, ended Dec 31, 2019 | $861M | $1.01B |
| FY2020, ended Dec 31, 2020 | $872M | $1.21B |
| FY2021, ended Dec 31, 2021 | $990M | $1.05B |
| FY2022, ended Dec 31, 2022 | $1.16B | $1.01B |
| FY2023, ended Dec 31, 2023 | $1.31B | $1.60B |
| FY2024, ended Dec 31, 2024 | $1.38B | $1.70B |
| FY2025, ended Dec 31, 2025 | $1.48B | $1.67B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $1.58B | $1.82B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$495M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $717M |
| FY2017, ended Dec 31, 2017 | $646M |
| FY2018, ended Dec 31, 2018 | $354M |
| FY2019, ended Dec 31, 2019 | $393M |
| FY2020, ended Dec 31, 2020 | $1.21B |
| FY2021, ended Dec 31, 2021 | $347M |
| FY2022, ended Dec 31, 2022 | $345M |
| FY2023, ended Dec 31, 2023 | $410M |
| FY2024, ended Dec 31, 2024 | $374M |
| FY2025, ended Dec 31, 2025 | $458M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $495M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$2.04B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.34B |
| FY2017, ended Dec 31, 2017 | $2.17B |
| FY2018, ended Dec 31, 2018 | $2.63B |
| FY2019, ended Dec 31, 2019 | $2.77B |
| FY2020, ended Dec 31, 2020 | $2.41B |
| FY2021, ended Dec 31, 2021 | $2.54B |
| FY2022, ended Dec 31, 2022 | $2.39B |
| FY2023, ended Dec 31, 2023 | $3.31B |
| FY2024, ended Dec 31, 2024 | $2.08B |
| FY2025, ended Dec 31, 2025 | $2.28B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $2.04B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 0.1% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.229M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 229M |
| FY2017, ended Dec 31, 2017 | 231M |
| FY2018, ended Dec 31, 2018 | 227M |
| FY2019, ended Dec 31, 2019 | 229M |
| FY2020, ended Dec 31, 2020 | 231M |
| FY2021, ended Dec 31, 2021 | 232M |
| FY2022, ended Dec 31, 2022 | 230M |
| FY2023, ended Dec 31, 2023 | 231M |
| FY2024, ended Dec 31, 2024 | 231M |
| FY2025, ended Dec 31, 2025 | 229M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 229M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $395M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $336M | $22.0M |
| FY2017, ended Dec 31, 2017 | $6.87M | $25.1M |
| FY2018, ended Dec 31, 2018 | $368M | $27.3M |
| FY2019, ended Dec 31, 2019 | $11.9M | $40.4M |
| FY2020, ended Dec 31, 2020 | $4.68M | $41.6M |
| FY2021, ended Dec 31, 2021 | $14.7M | $46.1M |
| FY2022, ended Dec 31, 2022 | $333M | $47.4M |
| FY2023, ended Dec 31, 2023 | $7.77M | $46.2M |
| FY2024, ended Dec 31, 2024 | $212M | $47.9M |
| FY2025, ended Dec 31, 2025 | $434M | $47.8M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $444M | $49.1M |
Revenue (TTM)
$7.86B
+12.7% YoY
Net income (TTM)
$1.58B
+9.6% YoY
Cash
$495M
−20.1% YoY
Total debt
$2.04B
+4.8% YoY
Valuation
At current price- Market Cap
- $55.3B
- P/E
- 35.1×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 7.0×
- Price / Book
- 4.9×
- EV / EBITDA
- 23.1×
Growth
Trailing 12 months- Revenue (TTM)
- $7.86B
- Revenue Growth YoY
- 12.7%
- Revenue CAGR 3Y
- 6.4%
- Revenue CAGR 5Y
- 10.3%
- EPS Growth YoY
- 10.1%
- Net Income Growth YoY
- 9.6%
Profitability
Trailing 12 months- Gross Margin
- 36.4%
- Operating Margin
- 25.9%
- Net Margin
- 20.0%
- FCF Margin
- 23.2%
- Return on Equity
- 14.6%
Earnings
Trailing 12 months- Net Income
- $1.58B
- EPS (diluted)
- $6.84
- EBITDA
- $2.46B
- Operating Income
- $2.04B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $495M
- Total Debt
- $2.04B
- Net Debt
- $1.54B
- Total Assets
- $16.6B
- Total Liabilities
- $5.33B
- Shareholders' Equity
- $11.3B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.96B
- Capital Expenditure
- $135M
- Free Cash Flow
- $1.82B
Dividends and risk
Last 12 months- Dividend Yield
- 0.6%
- Dividend / Share
- $1.33
- Beta (5Y)
- 0.95
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 12.7% year over year, at $7.86B.
Strength
Keeps 25.9% of revenue as operating profit.
Note
Net debt of $1.54B is 0.6× EBITDA, a manageable load.
Strength
Turns 23.2% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Dec 31, 2025 · filed Feb 17, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K65Mildly positive
65Mildly positive
10-K for the fiscal year ended Dec 31, 2024
Filed Feb 20, 2025 · Read the filing on EDGAR
- Record year again, but growth slowed: sales rose 5.2% to $6.94 billion and net income rose 4.8% to $1.38 billion.
- All of the growth came from acquisitions; sales from existing businesses fell 2%, and orders and backlog both declined.
- The company paid down about $1.19 billion of debt, cutting total debt to $2.08 billion from $3.31 billion.
- Shareholder returns went up: buybacks rose to $212 million, the dividend was raised 11% and a new $1.25 billion buyback was approved.
Business momentum
Improving
“Net sales for 2024 were a record $6,941.2 million, an increase of $344.2 million or 5.2%, compared with net sales of $6,597.0 million in 2023.”
Outlook
Neutral
“Capital expenditures in 2025 are expected to be approximately 2% of net sales, with a continued emphasis on spending to improve productivity.”
Financial stress
Low
“In 2024, total borrowings decreased by $1,189.7 million, compared with an increase of $892.3 million in 2023.”
Tone against the previous report
About the same
Red flags
None found in this report.
Positives
Record cash generation
“Free cash flow (cash flow provided by operating activities less capital expenditures) was $1,701.7 million in 2024, compared with $1,599.1 million in 2023.”
Larger unit's margins hit a record
“EIG’s operating margins were a record 30.7% of net sales for 2024, compared with 28.3% of net sales in 2023.”
Much lower debt
“The debt-to-capital ratio was 17.7% at December 31, 2024, compared with 27.5% at December 31, 2023.”
Concerns
Existing businesses sold less
“The increase in net sales for 2024 was due to a 7% increase from acquisitions, partially offset by a 2% organic sales decline.”
Electromechanical unit's profit fell
“EMG’s operating income was $456.5 million for 2024, a decrease of $40.1 million or 8.1%, compared with $496.6 million in 2023.”
Orders declined
“Orders for 2024 were $6,810.3 million, a decrease of $102.1 million or 1.5% compared with $6,912.4 million in 2023.”
New risks since the previous report
Customers cutting back on stocked inventory
“The organic orders decrease is due to customer inventory normalization in our automation and engineered solutions core businesses.”
Shrinking order backlog
“The Company's backlog of unfilled orders at December 31, 2024 was $3,403.2 million, a decrease of $130.9 million or 3.7%, compared with $3,534.1 million at December 31, 2023.”
Biggest risks named
- Economic downturn in cyclical markets such as aerospace and oil and gas
- Integrating and financing frequent acquisitions
- Write-downs of goodwill and intangibles (72% of assets)
- Supply shortages and rising raw material costs
- Trade, tariff and currency risks, including tensions with China
Artificial intelligence in this business: Not mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | 0 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −1 | |
| Score | 65 | |
Written by AI (Claude Opus 5.5) from the report’s text. 11 of 11 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 17, 2026 | Pro | |||
| 10-K | Feb 20, 2025 | 65 | Improving | None | |
| 10-K | Feb 22, 2024 | 67 | Improving | None | |
| 10-K | Feb 21, 2023 | 61 | Improving | 1 minor | |
| 10-K | Feb 22, 2022 | 71 | Strong improvement | None | |
| 10-K | Feb 18, 2021 | 49 | Weakening | None | |
| 10-K | Feb 20, 2020 | 68 | Improving | None | |
| 10-K | Feb 21, 2019 | 74 | Strong improvement | None | |
| 10-K | Feb 22, 2018 | 76 | Strong improvement | None | |
| 10-K | Feb 23, 2017 | 49 | Weakening | 1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Aug 4, 2026. View filings on SEC EDGAR