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Maker of precision electronic instruments and specialized electromechanical devices for industrial and aerospace customers.
Maker of precision electronic instruments and specialized electromechanical devices for industrial and aerospace customers.
Makes and sells many specialised instruments and components, each with a strong position in a narrow niche, so no single product dominates. Frequent purchases of small niche instrument makers, funded by cash flow and debt, add to growth. Repeat business from replacement parts and calibration adds recurring revenue.
Moat: narrow (IP / patents, customer qualification, brand). Niche, highly engineered instruments qualified into customer designs, creating switching costs.
Headquarters: Berwyn, Pennsylvania, US · Founded: 1930 · Employees: 22,500
Size Ametek (AME) is a United States Industrials company (Electrical Products) with a market value of $52.4B, the 242nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $228.67 on 6 Nov 2026.
Performance Over six months the shares fell 1.5%, against -26.2% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 14.3% over the last twelve months (peer median +14.2%); the operating margin is 26.6% (peer median 12.5%).
Valuation It trades at 24.8× forward earnings against a peer median of 21.3× (4th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.4 points above its cost of capital (9.2% WACC).
Backlog Backlog (remaining performance obligations) was $768M at 30 Sep 2026 — 0.1 years of trailing revenue. Backlog detail →
Short interest Short interest is 1.6% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $8.19B | $7.40B | $6.94B | $6.60B | $6.15B |
| Revenue growth | — | +7% | +5% | +7% | — |
| Gross profit | $3.36B | $2.93B | $2.74B | $2.61B | $2.34B |
| EBITDA | $2.61B | $2.36B | $2.19B | $2.05B | $1.82B |
| Net income | $1.63B | $1.48B | $1.38B | $1.31B | $1.16B |
| Free cash flow | $1.93B | $1.67B | $1.70B | $1.60B | $1.01B |
| Capital expenditure | $148M | $130M | $127M | $136M | $139M |
| Total debt | $6.97B | $2.57B | $2.32B | $3.56B | $2.56B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ametek AME | $52.4B | -1% | +14% | 27% | 24.8× | 18.5% |
| Fortive FTV | $19.5B | +8% | -22% | 20% | 20.0× | 17.2% |
| Emerson Electric EMR | $90.6B | +15% | +5% | 21% | 22.3× | 19.9% |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% |
| Roper Technologies ROP | $47.2B | +39% | +9% | 28% | 19.7× | 12.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AME | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.6% | -14.3% | 7th highest of 21 |
| 6-month return | -1.5% | -26.2% | 2nd highest of 21 |
| Distance from 52-week high | -12.4% | -34.0% | 2nd highest of 21 |
| Revenue growth (TTM) | +14.3% | +14.2% | 11th highest of 21 |
| Operating margin | 26.6% | 12.5% | 3rd highest of 21 |
| Forward P/E | 24.8× | 21.3× | 4th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 18.5% | 14.4% | 6th most demanding of 17 |
| Growth delivered (Del g) | +10.3% | +9.7% | 8th highest of 17 |
| Hurdle (Req g minus delivered) | +8.3 pp | +5.1 pp | 6th most demanding of 17 |
| ROIC minus cost of capital | +0.4 pp | +4.2 pp | 5th lowest of 21 |
| EV / EBITDA | 22.5× | 16.6× | 2nd most expensive of 12 |
| Net debt / EBITDA | 2.4× | 0.3× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ametek AME | United States | $52.4B | -1% | +14% | 27% | 24.8× | 18.5% | +10.3% |
| LG Energy Solution 373220.KS | South Korea | $58.2B | -27% | +25% | 1% | n/a | n/a | n/a |
| Mitsubishi Electric 6503.T | Japan | $59.9B | -28% | +12% | 10% | 17.1× | 13.2% | +7.1% |
| Mitsubishi Heavy Industries 7011.T | Japan | $62.1B | -37% | -3% | 10% | 22.3× | 9.0% | +6.1% |
| Rockwell Automation ROK | United States | $41.7B | -17% | +11% | 14% | 25.0× | 27.2% | +5.7% |
| Prysmian PRY.MI | Italy | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% | +14.4% |
| Fujikura 5803.T | Japan | $33.0B | -50% | +28% | 19% | 14.3× | 28.9% | +12.9% |
| Vestas Wind Systems A/S VWS.CO | Denmark | $31.0B | +8% | +10% | 7% | 21.3× | 0.5% | +4.9% |
| NARI Technology 600406.SS | China | $28.6B | -8% | +12% | 13% | 21.7× | 2.5% | +11.4% |
| BYD 002594.SZ | China | $96.6B | -17% | -4% | 4% | 21.2× | n/a | n/a |
| Samsung Sdi 006400.KS | South Korea | $26.8B | -33% | +21% | 0% | 45.9× | n/a | n/a |
| Shengyi Technology 600183.SS | China | $25.7B | -8% | +56% | 22% | 20.3× | 20.5% | +14.1% |
| Sungrow Power Supply 300274.SZ | China | $25.3B | -40% | -24% | 12% | 14.9× | 12.1% | +35.8% |
| Siemens Energy ENR.DE | Germany | $111B | -33% | +9% | 9% | 26.4× | 17.3% | +7.3% |
| Hubbell HUBB | United States | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% | +9.7% |
| Eaton ETN | United States | $133B | -15% | +20% | 19% | 21.4× | 19.1% | +9.0% |
| Yangtze Optical Fibre & Cable Joint Stock 601869.SS | China | $19.8B | -32% | +68% | 34% | 23.8× | 15.7% | +11.6% |
| ABB ABBN.SW | Switzerland | $147B | -17% | +1% | 18% | 24.5× | 4.3% | +2.3% |
| Schneider Electric SU.PA | France | $151B | -16% | +7% | 18% | 22.2× | 18.0% | +9.8% |
| EVE Energy 300014.SZ | China | $17.0B | -28% | +51% | 6% | 15.5× | n/a | n/a |
| Zangge Mining 000408.SZ | China | $15.5B | -26% | +35% | 51% | 12.5× | 22.0% | +13.4% |
Ametek reported $768M of remaining performance obligations at 30 Sep 2026 and up 3% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.