Ametek (AME) financial statements
Ametek reported revenue of $7.4B in fiscal 2025, up 7.6% a year over 9 years.
Net income was $1.5B and the operating margin 25.8%, against 20.6% in 2016.
Free cash flow was $1.7B, and the company returned $285M in dividends and $434M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ametek's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8B | $4.3B | $4.8B | $5.2B | $4.5B | $5.5B | $6.2B | $6.6B | $6.9B | $7.4B |
| Cost of revenue | $2.6B | $2.9B | $3.2B | $3.4B | $3.0B | $3.6B | $4.0B | $4.2B | $4.5B | $4.7B |
| Gross profit | $1.3B | $1.4B | $1.7B | $1.8B | $1.5B | $1.9B | $2.1B | $2.4B | $2.5B | $2.7B |
| Research and development | $112M | $130M | $141M | $162M | $159M | $194M | $199M | $221M | $237M | $236M |
| Selling, general and admin | $464M | $535M | $584M | $610M | $516M | $604M | $645M | $677M | $697M | $757M |
| Operating income | $791M | $904M | $1.1B | $1.2B | $1.0B | $1.3B | $1.5B | $1.7B | $1.8B | $1.9B |
| Interest expense | $94M | $98M | $82M | $88M | $86M | $80M | $83M | $82M | $113M | $81M |
| Pre-tax income | $693M | $797M | $988M | $1.1B | $1.1B | $1.2B | $1.4B | $1.6B | $1.7B | $1.8B |
| Income tax | $181M | $115M | $210M | $208M | $210M | $233M | $269M | $293M | $285M | $318M |
| Net income | $512M | $681M | $778M | $861M | $872M | $990M | $1.2B | $1.3B | $1.4B | $1.5B |
| Diluted shares | 234M | 232M | 233M | 229M | 231M | 233M | 232M | 232M | 232M | 231M |
| Gross margin | 32.7% | 33.5% | 34.2% | 34.7% | 34.0% | 34.5% | 34.9% | 36.1% | 35.7% | 36.0% |
| Operating margin | 20.6% | 21.0% | 22.2% | 22.8% | 22.6% | 23.6% | 24.4% | 25.9% | 25.6% | 25.8% |
| Net margin | 13.3% | 15.8% | 16.1% | 16.7% | 19.2% | 17.9% | 18.9% | 19.9% | 19.8% | 20.0% |
Balance sheet
Fiscal years, from Ametek's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $717M | $646M | $354M | $393M | $1.2B | $347M | $345M | $410M | $374M | $458M |
| Receivables | $592M | $668M | $733M | $745M | $597M | $829M | $919M | $1.0B | $949M | $1.1B |
| Inventory | $492M | $541M | $625M | $625M | $559M | $769M | $1.0B | $1.1B | $1.0B | $1.1B |
| Total current assets | $1.9B | $1.9B | $1.8B | $2.0B | $2.5B | $2.1B | $2.5B | $2.8B | $2.6B | $3.0B |
| Property, plant and equipment | $473M | $493M | $554M | $549M | $527M | $617M | $636M | $891M | $819M | $855M |
| Goodwill | $2.8B | $3.1B | $3.6B | $4.0B | $4.2B | $5.2B | $5.4B | $6.4B | $6.6B | $7.2B |
| Total assets | $7.1B | $7.8B | $8.7B | $9.8B | $10.4B | $11.9B | $12.4B | $15.0B | $14.6B | $16.1B |
| Total current liabilities | $924M | $1.1B | $1.3B | $1.4B | $1.1B | $1.6B | $1.6B | $2.9B | $2.1B | $2.8B |
| Long-term debt | $2.1B | $1.9B | $2.3B | $2.3B | $2.3B | $2.2B | $2.2B | $1.9B | $1.4B | $1.1B |
| Total liabilities | $3.8B | $3.8B | $4.4B | $4.7B | $4.4B | $5.0B | $5.0B | $6.3B | $5.0B | $5.4B |
| Shareholders' equity | $3.3B | $4.0B | $4.2B | $5.1B | $5.9B | $6.9B | $7.5B | $8.7B | $9.7B | $10.6B |
| Net debt | $1.6B | $1.5B | $2.3B | $2.4B | $1.2B | $2.2B | $2.0B | $2.9B | $1.7B | $1.8B |
Cash flow
Fiscal years, from Ametek's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $757M | $833M | $926M | $1.1B | $1.3B | $1.2B | $1.1B | $1.7B | $1.8B | $1.8B |
| Capital spending | $63M | $75M | $82M | $102M | $74M | $111M | $139M | $136M | $127M | $130M |
| Free cash flow | $694M | $758M | $843M | $1.0B | $1.2B | $1.0B | $1.0B | $1.6B | $1.7B | $1.7B |
| Stock-based compensation | $22M | $25M | $27M | $40M | $42M | $46M | $47M | $46M | $48M | $48M |
| Dividends paid | $83M | $83M | $129M | $127M | $165M | $185M | $202M | $230M | $259M | $285M |
| Share buybacks (net) | -$336M | -$7M | -$368M | -$12M | -$5M | -$15M | -$333M | -$8M | -$212M | -$434M |
| Net borrowing | $457M | -$280M | $513M | $131M | -$431M | $184M | -$74M | $892M | -$1.2B | $6M |
| Free cash flow margin | 18.1% | 17.6% | 17.4% | 19.6% | 26.6% | 18.9% | 16.4% | 24.2% | 24.5% | 22.6% |
| Dividends per share | $0.36 | $0.36 | $0.55 | $0.56 | $0.71 | $0.79 | $0.87 | $0.99 | $1.11 | $1.23 |
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Open AME in InvestinglyQuestions
What was Ametek's revenue in 2025?
$7.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Ametek generate?
$1.7B in fiscal 2025 (operating cash flow minus capital spending).
From Ametek's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.