One-glance verdict
Within fair range
$229.75 our estimate vs market $241.12
Wall Street consensus: $282.06 (22.8% higher than our fair-value estimate)
5% above our estimate
Fundamentals snapshot
AMETEK, Inc.
AME · NYQ · Industrials · Specialty Industrial Machinery
Current price
$241.12
52-week range
$188.47 - $261.16
Market cap
$55.28B
Balance sheet
Healthy
23.51x Strong cushion
Net debt $1.82B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Revenue grew 6.3% last year.
- Reward Returns 14.6% on equity, ahead of 50% of its peers.
- Reward Free cash flow was positive in 10/10 years.
- Risk Stock trades 18.0% above its 5-year average P/E.
What this company does
AMETEK, Inc.
AMETEK makes fancy electronic tools and mechanical parts used in industries like flying planes, making medicine, and powering factories. Most of their money comes from selling these specialized instruments and devices to businesses. This matters because it shows they are a key supplier for important and growing sectors of the economy.
How the company got here
AMETEK, Inc. was founded in 1930, originally as American Machine and Metals. In the early 1960s, the company changed its name to AMETEK to better reflect its shift from heavy machinery to more technologically advanced products. Over the decades, AMETEK has grown significantly, not just through internal development but also by acquiring numerous specialized businesses. This strategy has allowed the company to build a diverse portfolio of industrial businesses operating across various sectors like research, aerospace, energy, and medical fields. Today, AMETEK is a publicly traded company with a global presence, operating in numerous countries and employing thousands of people.
What it actually does
AMETEK manufactures and sells a wide array of electronic instruments and electromechanical devices. Think of them as the specialized tools and components that make complex machinery and systems work. These products are not typically found in a consumer's home but are crucial for industries such as aerospace, energy, medical, manufacturing, and automation. The company's offerings range from sophisticated sensors and monitoring systems to precision-engineered components and specialized metals.
Electronic Instruments Group (EIG)
The Electronic Instruments Group (EIG) is a major part of AMETEK, focusing on creating advanced instruments used for testing, measuring, and analyzing. These instruments are vital for industries like oil and gas, chemical processing, pharmaceuticals, and semiconductor manufacturing, helping ensure quality and efficiency. EIG also provides critical equipment for the aerospace sector, including engine sensors and monitoring systems, as well as instruments for power quality monitoring and laboratory research. This segment represents a significant portion of AMETEK's overall business, providing sophisticated analytical and measurement solutions.
Electromechanical Group (EMG)
The Electromechanical Group (EMG) is the other core segment of AMETEK, concentrating on engineered solutions that involve motion, power, and thermal management. This group produces a variety of products such as precision motion control components used in medical devices and data storage, specialized electrical connectors, and thermal management systems for aircraft and military vehicles. EMG also includes businesses that provide engineered medical components, automation solutions, and specialty metals. This segment contributes substantially to AMETEK's revenue, offering a diverse range of specialized electromechanical products and services.
What management is betting on now
AMETEK's management is focused on a growth strategy centered around four key pillars: operational excellence, strategic acquisitions, global and market expansion, and new product development. They aim to consistently drive earnings per share growth and achieve superior returns on capital. This involves continuously improving how the company operates, acquiring businesses that add new capabilities or technologies, expanding their reach into new regions and markets, and innovating to create new, market-leading solutions. This disciplined approach is designed to ensure long-term value creation for shareholders.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$460.89M
FY2024 Q4
$498.29M
FY2025 Q1
$394.48M
FY2025 Q2
$329.82M
FY2025 Q3
$419.95M
FY2025 Q4
$527.27M
FY2026 Q1
$426.05M
FY2026 Q2
$451.68M
Revenue
$2.04B
Net income
$406.90M
Diluted EPS
1.77
Operating cash flow
$483.69M
Free cash flow
$451.68M
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Sources
Revenue
$1.93B
Net income
$399.36M
Diluted EPS
1.74
Operating cash flow
$451.52M
Free cash flow
$426.05M
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Sources
Revenue
$2.00B
Net income
$398.60M
Diluted EPS
1.73
Operating cash flow
$584.26M
Free cash flow
$527.27M
Fetching…
Sources
Revenue
$1.89B
Net income
$371.42M
Diluted EPS
1.60
Operating cash flow
$440.87M
Free cash flow
$419.95M
Fetching…
Sources
Revenue
$1.78B
Net income
$358.37M
Diluted EPS
1.55
Operating cash flow
$359.09M
Free cash flow
$329.82M
Fetching…
Sources
Revenue
$1.73B
Net income
$351.76M
Diluted EPS
1.52
Operating cash flow
$417.55M
Free cash flow
$394.48M
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Sources
Revenue
$1.76B
Net income
$387.26M
Diluted EPS
1.67
Operating cash flow
$550.02M
Free cash flow
$498.29M
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Sources
Revenue
$1.71B
Net income
$340.24M
Diluted EPS
1.47
Operating cash flow
$487.17M
Free cash flow
$460.89M
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Sources
Is it cheap or expensive?
Fair value $229.75 vs current price $241.12
Wall Street consensus is the average analyst price target: $282.06 (22.8% higher than our fair-value estimate).
Our most-likely fair value is $229.75 a share — about 4.7% away from today's price of $241.12, so the stock currently looks fairly priced.
Is it drowning in debt?
Healthy
Net debt $1.8B. Interest coverage 23.5x.
Net debt
$1.82B
Interest coverage
23.51x
AMETEK, Inc.'s profit covers its interest bill about 23.5 times over. which is stronger than every peer shown here.
Healthy
Worse cushion
Baseline
Better cushion
AME
BASELINE
AMETEK, Inc.
Total debt $2.31B Interest coverage 23.51x This is the baseline the peer rows are being compared against.
Total debt $2.77B Interest coverage 9.12x -61% vs AME Carries about 2.6x less debt cushion than AME.
Total debt $3.61B Interest coverage 9.12x -61% vs AME Carries about 2.6x less debt cushion than AME.
Total debt $13.80B Interest coverage 9.13x -61% vs AME Carries about 2.6x less debt cushion than AME.
Total debt $9.72B Interest coverage 6.88x -71% vs AME Carries about 3.4x less debt cushion than AME.
Total debt $2.03B Interest coverage 19.29x -18% vs AME Carries about 1.2x less debt cushion than AME.
What you should know
The case for and against AME
3 Rewards
1 Risk
Rewards
-
Revenue grew 6.3% last year.
-
Returns 14.6% on equity, ahead of 50% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Stock trades 18.0% above its 5-year average P/E.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
35.25x
Forward P/E
25.32x
P/B
4.91x
P/S
7.03x
EV/EBITDA
22.83x
PEG ratio
2.86x
Profitability
How much profit each dollar creates
Gross margin
36.9%
Operating margin
26.2%
Net margin
20.0%
ROE
14.6%
ROA
8.2%
Health
Liquidity and balance-sheet strength
Debt / equity
0.21x
Current ratio
1.21x
Quick ratio
0.65x
Total debt
$2.31B
Total cash
$495.45M
Growth
How the business has been compounding
Revenue TTM
$7.86B
Revenue 5Y CAGR
14.5%
EPS TTM
6.84
EPS 5Y CAGR
8.5%
Cash flow
How much cash the business throws off
Operating CF TTM
$1.96B
Free CF TTM
$1.67B
FCF margin
21.3%
Dividend
Shareholder payout
Yield
0.6%
Payout ratio
19.0%
Last ex-div date
2026-09-15