# AMETEK, Inc. (AME)

> Source: Nexqual · https://nexqual.com/AME · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, AMETEK, Inc. (AME), nexqual.com/AME" · informational, not investment advice.

**Price:** USD 238.82 (-4.58% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 250.28 · day 234.43–247 · 52w 182.87–261.16 · market cap $54.8B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $7.86B, net income $1.58B (20.0% margin), free cash flow $1.82B (SEC filings).
- Valuation: P/E 34.7x (avg 30.5x at the last 3 fiscal year-ends), EV/EBITDA 22.9x, net debt $1.54B.
- 2 of 80 tracked superinvestors hold AME (13F, Q2 2026): 1 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $1.7M; 1 not under a Rule 10b5-1 plan ($1.7M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $1.0M; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y +27.0% vs S&P 500 +14.9%; 5Y +88.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 2.11, revenue estimate $2.13B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.55B | $6.15B | $6.60B | $6.94B | $7.40B | $7.86B |
| Gross profit | $1.91B | $2.15B | $2.38B | $2.48B | $2.67B | — |
| Operating income | $1.31B | $1.50B | $1.71B | $1.78B | $1.91B | $2.04B |
| Net income | $990M | $1.16B | $1.31B | $1.38B | $1.48B | $1.58B |
| EPS (diluted) | $4.25 | $5.01 | $5.67 | $5.93 | $6.40 | — |
| Free cash flow | $1.05B | $1.01B | $1.60B | $1.70B | $1.67B | $1.82B |
| Gross margin | 34.5% | 34.9% | 36.1% | 35.7% | 36.0% | — |
| Operating margin | 23.6% | 24.4% | 25.9% | 25.6% | 25.8% | 25.9% |
| Net margin | 17.9% | 18.9% | 19.9% | 19.8% | 20.0% | 20.0% |
| Revenue growth | +22.2% | +10.9% | +7.3% | +5.2% | +6.6% | — |
| Cash + short-term investments | $347M | $345M | $410M | $374M | $458M | — |
| Total debt | $2.54B | $2.39B | $3.31B | $2.08B | $2.28B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 34.7x · P/S 7.0x · EV/EBITDA 22.9x · EV/Sales 7.2x · P/FCF 30.0x · P/B 4.9x · FCF yield 3.33% · Earnings yield 2.88% · Dividend yield (paid, TTM) 0.54% · Buyback yield (TTM) 0.81% · Net debt $1.54B · EV $56.3B
P/E at fiscal year-ends: Dec 2025 32.1x, Dec 2024 30.4x, Dec 2023 29.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold AME. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Francois Rochon | Giverny Capital | 4.87% | $145M | Reduced -2.2% |
| Mairs & Power | Mairs & Power Funds | <0.01% | $206K | New position |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-07 | Hermance David F. | PRESIDENT - ELECTROMECHANICAL | 6,608 | $1.7M | 13.3% | No | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $1.0M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-11 | Stanage Nick L | Director | 4,000 | $1.0M | 255.85 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Citigroup | Target raised | Neutral | $261 → $263 |
| 2026-10-05 | Baird | Target raised | Neutral | $275 → $280 |
| 2026-09-11 | BNP Paribas | Target raised | Outperform | $280 → $290 |
| 2026-08-06 | Truist Securities | Target raised | Buy | $303 → $316 |
| 2026-08-06 | TD Cowen | Target raised | Buy | $260 → $275 |
| 2026-08-05 | DA Davidson | Target raised | Buy | $265 → $285 |
| 2026-08-05 | Citigroup | Target raised | Neutral | $257 → $261 |
| 2026-08-05 | BNP Paribas | Target raised | Outperform | $270 → $280 |
| 2026-08-05 | RBC Capital | Target raised | Outperform | $260 → $291 |
| 2026-08-05 | Keybanc | Target raised | Overweight | $260 → $295 |
| 2026-08-05 | Baird | Target raised | Neutral | $244 → $275 |
| 2026-08-05 | BMO Capital | Target raised | Outperform | $262 → $282 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +27.0% | +88.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +27.1% | +13.4% |
| Volatility (annualized) | 23.8% | 21.2% |
| Max drawdown | -13.6% (Mar 2026→Mar 2026) | -26.9% (Dec 2021→Jun 2022) |

## Peers (Specialty Industrial Machinery)
ROK (Rockwell Automation, Inc.) USD 423.87 -3.34% · CMI (Cummins Inc.) USD 519.53 -4.18% · ITW (Illinois Tool Works Inc.) USD 279.24 +0.88% · EMR (Emerson Electric Company) USD 160.29 -1.73% · IR (Ingersoll Rand Inc.) USD 74.11 -6.26% · OTIS (Otis Worldwide Corporation) USD 75.6 +4.49%

## More
Full page: https://nexqual.com/AME · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| EIG | $1.32B | 64.6% | +13.9% | $369.7M | 28.0% |
| EMG | $723.2M | 35.4% | +16.9% | $189.3M | 26.2% |
| Corporate costs (not allocated) | — | — | — | -$30.8M | — |
| Total revenue | $2.04B | 100% | — | $528.2M | 25.8% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Process and analytical instrumentation | $944.0M | 46.2% | +17.6% |
| Aerospace and power | $377.2M | 18.4% | +5.7% |
| Total revenue | $2.04B | 100% | — |
The lines above cover 64.6% of total revenue.

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| UNITED STATES | $1.08B | 52.9% | +15.6% |
| International | $963.7M | 47.1% | +14.3% |
| — Asia (part of International) | $418.6M | 20.5% | +18.8% |
| — European Union (part of International) | $291.2M | 14.2% | +14.4% |
| — Other Foreign Countries (part of International) | $190.3M | 9.3% | +9.5% |
| — UNITED KINGDOM (part of International) | $63.6M | 3.1% | +2.0% |
| Non-US | $570.5M | 27.9% | +20.6% |
| Total revenue | $2.04B | 100% | — |
The lines above cover 127.9% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.11 | $2.05 | +2.8% | $2.13B | 18 |
| Next quarter (ends 2026-12-31) | $2.20 | $2.14 | +2.9% | $2.33B | 17 |
| Current fiscal year (ends 2026-12-31) | $8.38 | $8.15 | +2.8% | $8.45B | 19 |
| Next fiscal year (ends 2027-12-31) | $9.55 | $8.81 | +8.4% | $9.90B | 15 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-03): ±7.6%; last 8 reports averaged ±3.3%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 33.6% | ±7.6% |
| 2026-12-18 | 56 | 29.3% | ±9.2% |
| 2027-03-19 | 147 | 28.7% | ±14.6% |
| 2027-06-17 | 237 | 28.8% | ±18.6% |