Quality Investor

AMETEK, Inc.

Rank #380Capital ReturnWatchlistCompare with other stocks

AME · NYSE · Industrials

AMETEK, Inc. (AME) — Rank #380 by gross profitability (GP/assets 0.16) · ROE 13.1% · Piotroski F-Score 6 / 9.

As-of 2026-10-30 · CIK 0001037868 · all metrics point-in-time as of the filing date.

About

AMETEK, Inc. manufactures and sells electronic instruments (EIG) and electromechanical (EMG) devices in the United States and internationally.

Show more

It operates through EIG and EMG segments. The company offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and metering devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and gas turbines sensors; dashboard instruments for heavy trucks and other vehicles; instrumentation and controls for food and beverage industries; and aircraft and engine sensors, embedded computing, monitoring, power supplies, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry. It also provides engineered medical components and devices, automation solutions, thermal management systems, specialty metals, and electrical interconnects; single-use and consumable surgical instruments, implantable components, and drug delivery systems; engineered electrical connectors and electronics packaging; precision motion control products for data storage, medical devices, business equipment, automation, and other application; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for thermal management, military and commercial aircraft, and military ground vehicles; and motors used in commercial appliances, food and beverage machines, hydraulic pumps, and industrial blowers, as well as operates a network of aviation maintenance, repair, and overhaul facilities. AMETEK, Inc.

was incorporated in 1930 and is headquartered in Berwyn, Pennsylvania.

Industry
Specialty Industrial Machinery
Sector
Industrials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31
Website
ametek.com

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

22,500

Industry

Specialty Industrial Machinery

Exchange

NYSE

12/12

Flags passed

AME passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Deferred revenue growing · RPO outpacing revenue · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.16
Return on equity
13.1%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.47
Current ratio
1.21×
Net cash
-$1.54B

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

2/2 pass
Revenue growth
6.6%
Piotroski F-Score
6 / 9
Share dilution
-0.4%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 5th percentile of 41 SIC 38 peers

Gross profitability (GP / assets)

0.16

Primary signal (Novy-Marx).

5th pctl of 41 SIC 38 peers

Return on equity

13.1%

Gross margin

36.0%

15th pctl of 41 SIC 38 peers

Revenue growth (YoY)

6.6%

RPO growth (YoY)

15.8%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

6.4%

Revenue CAGR (5Y)

10.3%

Earnings CAGR (3Y)

8.5%

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No warning flags · FCF 13% above net income

Free cash flow

$1.67B

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

12.9%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $1.54B, F-Score 6/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.47

69th pctl of 40 SIC 38 peers (best = lowest)

Current ratio

1.21×

0th pctl of 40 SIC 38 peers

Quick ratio

0.63×

Net cash

-$1.54B

Cash & equivalents minus total debt.

Piotroski F-Score

6 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

3.8 / 5

Good
Payout ratio
19.3%5/5 Strong
FCF coverage
5.86×5/5 Strong
Dividend growth streak
6 yr3/5 Good
Balance-sheet health
D/E 0.47 · IC N/A2/5 Fair

Capital allocation quality

Composite score

3.0 / 5

Good
Share count trend(net buybacks)
-0.4%3/5 Good
Buyback timing
N/AN/A
Dividend growth consistency
6 yr3/5 Good
Net debt trajectory
-0.7%3/5 Good

Lifecycle Phase History

20202025
Decline
Op. Leverage
Capital Return

Price History

AME+88.0% · +13.4% CAGRSPY+82.9% · +12.8% CAGR