AMETEK Announces Record Fourth Quarter and Full Year Results

AMETEK (NYSE: AME) reported record fourth-quarter and full‑year 2025 results on Feb 3, 2026.

Rhea-AI Summary

AMETEK (NYSE: AME) reported record fourth-quarter and full‑year 2025 results on Feb 3, 2026. Q4 sales were $2.0 billion, +13% YoY, GAAP EPS was $1.73 and adjusted EPS was a record $2.01. Q4 adjusted operating income was $523.0 million.

For full year 2025, sales were $7.4 billion (+7% YoY), GAAP EPS $6.40, adjusted EPS $7.43 (+9% YoY). Free cash flow and several operating metrics set annual records. 2026 guidance: sales up mid‑to‑high single digits; adjusted EPS $7.87–$8.07.

Positive

• Q4 sales of $2.0 billion, up 13% year‑over‑year
• Q4 adjusted EPS of $2.01, a record and +7% versus prior year
• Full‑year sales of $7.4 billion, up 7% versus 2024
• Record Q4 free cash flow of $527.3 million and cash conversion at 132%
• Full‑year adjusted EPS of $7.43, up 9% year‑over‑year
• Management provided 2026 guidance targeting mid‑to‑high single‑digit sales growth and $7.87–$8.07 adjusted EPS

Negative

• Full‑year acquisition‑related pre‑tax costs of $37.3 million (Q4 acquisition costs $17.6 million)
• Full‑year non‑cash acquisition amortization of $0.91 per share reduces GAAP comparability

Argus Feb 3 session

+0.53% close to close Open Argus

Details

News Market Reaction – AME

On Feb 3, the day this news came out, AME closed 0.53% above the previous close.

Data tracked by StockTitan Argus for the Feb 3 session.

Key Figures

Q4 2025 sales: $2.0 billion Q4 adjusted EPS: $2.01 per diluted share Q4 free cash flow: $527.3 million +5 more

Q4 2025 sales

$2.0 billion

Record quarter, 13% increase over Q4 2024

Q4 adjusted EPS

$2.01 per diluted share

Record quarter, up 7% versus Q4 2024

Q4 free cash flow

$527.3 million

Record quarter; free cash flow to net income conversion 132%

FY 2025 sales

$7.4 billion

Full year, 7% increase over 2024

FY 2025 adjusted EPS

$7.43 per diluted share

Full year, up 9% versus prior year

FY 2025 adj. operating margin

26.2%

Full year adjusted operating income margin

2026 EPS guidance

$7.87–$8.07 per share

Adjusted EPS range, 6%–9% above 2025 comparable basis

Q1 2026 EPS guidance

$1.85–$1.90 per share

Adjusted EPS, 6%–9% above Q1 2025

Historical Context

5 past events · Latest: Jan 15

5 events

1. Jan 15

   Earnings call notice

   24h Move

   +1.9%

   Announcement of timing and access details for Q4 2025 earnings call.

2. Dec 18

   Product launch

   24h Move

   +1.0%

   Launch of SkyBitz SmartTank ST705 radar monitor for industrial tank monitoring.

3. Nov 11

   Sustainability report

   24h Move

   -0.2%

   Release of 2025 sustainability report with emission reduction progress and targets.

4. Nov 07

   Dividend declaration

   24h Move

   -0.5%

   Declaration of a regular quarterly dividend of $0.31 per share.

5. Nov 07

   Leadership changes

   24h Move

   -0.5%

   Finance leadership succession with retirements and new senior appointments.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ebitda, ebitda margin

2 terms

ebitda financial

"AMETEK established annual records for sales, operating profit, operating margin, EBITDA, EBITDA margin,"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

ebitda margin financial

"AMETEK established annual records for sales, operating profit, operating margin, EBITDA, EBITDA margin,"

EBITDA margin is the share of each dollar of sales that a company keeps as operating cash profit before interest, taxes, and accounting for equipment wear and long-term investments. Think of it like the cash a store has left from every sale after paying day-to-day running costs but before paying rent, loan interest or replacing old machinery. Investors use it to compare core profitability and operational efficiency across companies by removing financing and accounting differences.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BERWYN, Pa., Feb. 3, 2026 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the fourth quarter ended December 31, 2025.

AMETEK's fourth quarter 2025 sales were a record $2.0 billion, a 13% increase over the fourth quarter of 2024. On a GAAP basis, fourth quarter earnings were a record $1.73 per diluted share. Adjusted earnings in the quarter were a record $2.01 per diluted share, up 7% from the fourth quarter of 2024. Adjusted earnings adds back non-cash, after-tax, acquisition-related intangible amortization of $0.22 per diluted share and excludes acquisition-related pre-tax costs of $17.6 million, or $0.06 per diluted share, for the Faro Technologies acquisition.

GAAP operating income was a record $505.5 million. Adjusted operating income was a record $523.0 million, up 12% versus last year's fourth quarter. Operating cash flow in the quarter was a record $584.3 million, free cash flow was a record $527.3 million, and free cash flow to net income conversion was 132%.  

"AMETEK's fourth quarter and full year results were outstanding," stated David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Contributions from strong organic sales growth, recent acquisitions, and tremendous operating performance, led to excellent core margin expansion and impressive cash flow conversion. These record results reflect the proven strength and durability of our operating model and the outstanding contributions from our colleagues." 

For the full year, sales were $7.4 billion, an increase of 7% over 2024. On a GAAP basis, full year 2025 earnings per diluted share were $6.40. Full year adjusted earnings were $7.43 per diluted share, up 9% versus the prior year. Adjusted earnings for the full year adds back non-cash, after-tax acquisition-related intangible amortization of $0.91 per diluted share and excludes acquisition-related pre-tax costs of $37.3 million, or $0.12 per diluted share.

Full year GAAP operating income was $1.91 billion. Full year adjusted operating income was $1.94 billion, up 7% versus last year, with 26.2% adjusted operating margins. AMETEK established annual records for sales, operating profit, operating margin, EBITDA, EBITDA margin, and both GAAP and adjusted earnings per share.

A reconciliation of reported GAAP results to adjusted results is included in the financial tables accompanying this release and on the AMETEK website.

Electronic Instruments Group (EIG)
EIG sales in the fourth quarter were a record $1.37 billion, an increase of 13% over the same period in 2024. On a GAAP basis, EIG's fourth quarter operating income was a record $396.1 million, or 28.9% of sales. Adjusted EIG operating income was a record $413.7 million, up 7% from the prior year. 

"EIG delivered excellent results in the fourth quarter," commented Mr. Zapico. "The double-digit sales growth was driven by positive organic sales growth and contributions from recent acquisitions. EIG delivered strong operating performance in the quarter resulting in record operating income and 50 basis points of core margin expansion."

Electromechanical Group (EMG)
EMG sales in the fourth quarter were $628.9 million, up 15% from the fourth quarter of 2024. EMG's fourth quarter operating income increased 28% to $142.5 million, and operating income margins were 22.7% in the quarter, up 240 basis points versus the prior year's results.

"EMG performed exceptionally well in the fourth quarter to complete an outstanding year. Sales growth was broad based with double digit organic sales growth in each EMG division resulting in robust profit growth and sizeable margin expansion," noted Mr. Zapico.

2026 Outlook
"Our businesses delivered excellent results in 2025. This success highlights the strength of the AMETEK Growth Model, the quality of our niche, differentiated businesses, and the attractiveness of our markets. We enter 2026 with a record backlog, improving end market dynamics, and significant financial flexibility to support both our organic growth initiatives and to deploy capital on strategic acquisitions, driving continued long-term value creation."

"For 2026, we expect overall sales to be up mid to high single digits compared to 2025. Adjusted earnings per diluted share are expected to be in the range of $7.87 to $8.07, up 6% to 9% over the comparable basis for 2025.  

"For the first quarter of 2026, overall sales are expected to be up approximately 10% compared to the same period last year. Adjusted earnings in the quarter are anticipated to be in the range of $1.85 to $1.90 per share, up 6% to 9% compared to the first quarter of 2025," concluded Mr. Zapico.

Conference Call
AMETEK will webcast its fourth quarter 2025 investor conference call on Tuesday, February 3, 2026, beginning at 8:30 AM ET. The live audio webcast will be available and later archived in the Investors section of www.ametek.com.

About AMETEK
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales of approximately $7.5 billion. The AMETEK Growth Model integrates the Four Growth Strategies - Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions - with a disciplined focus on cash generation and capital deployment. AMETEK's objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.

Forward-looking Information
Statements in this news release relating to future events, such as AMETEK's expected business and financial performance, are "forward-looking statements." Forward-looking statements are subject to various factors and uncertainties that may cause actual results to differ materially from expectations. These factors and uncertainties include risks related to AMETEK's ability to consummate and successfully integrate future acquisitions; risks with international sales and operations, including supply chain disruptions, tariffs, trade disputes and currency conditions; AMETEK's ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; changes in the competitive environment or the effects of competition in our markets; the ability to maintain adequate liquidity and financing sources; and general economic conditions affecting the industries we serve. A detailed discussion of these and other factors that may affect our future results is contained in AMETEK's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Forms 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements.

Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610.889.5247

AMETEK, Inc. Consolidated Statement of Income (In thousands, except per share amounts) (Unaudited)
	Three Months Ended December 31,				Twelve Months Ended December 31,
	2025		2024		2025		2024
Net sales	$      1,998,448		$      1,761,602		$      7,401,116		$      6,941,180
Cost of sales	1,278,034		1,116,853		4,733,677		4,464,713
Selling, general and administrative	214,932		175,768		757,122		696,905
Total operating expenses	1,492,966		1,292,621		5,490,799		5,161,618
Operating income	505,482		468,981		1,910,317		1,779,562
Interest expense	(22,890)		(22,000)		(81,254)		(112,962)
Other (expense) income, net	(8,609)		(2,626)		(30,724)		(5,061)
Income before income taxes	473,983		444,355		1,798,339		1,661,539
Provision for income taxes	75,382		57,098		318,197		285,415
Net income	$         398,601		$         387,257		$      1,480,142		$      1,376,124
Diluted earnings per share	$               1.73		$               1.67		$               6.40		$               5.93
Basic earnings per share	$               1.74		$               1.68		$               6.42		$               5.95
Weighted average common shares outstanding:
Diluted shares	230,351		232,107		231,259		232,168
Basic shares	229,590		231,149		230,452		231,256
Dividends per share	$               0.31		$               0.28		$               1.24		$               1.12

 

AMETEK, Inc. Information by Business Segment (In thousands) (Unaudited)
	Three Months Ended December 31,				Twelve Months Ended December 31,
	2025		2024		2025		2024
Net sales:
Electronic Instruments	$      1,369,524		$      1,214,935		$      4,919,100		$      4,659,915
Electromechanical	628,924		546,667		2,482,016		2,281,265
Consolidated net sales	$      1,998,448		$      1,761,602		$      7,401,116		$      6,941,180
Operating income:
Segment operating income:
Electronic Instruments	$         396,142		$         386,649		$      1,447,057		$      1,428,409
Electromechanical	142,457		111,189		578,938		456,501
Total segment operating income	538,599		497,838		2,025,995		1,884,910
Corporate administrative expenses	(33,117)		(28,857)		(115,678)		(105,348)
Consolidated operating income	$         505,482		$         468,981		$      1,910,317		$      1,779,562

 

AMETEK, Inc. Condensed Consolidated Balance Sheet (In thousands)
	December 31,		December 31,
	2025		2024
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$              457,951		$              373,999
Receivables, net	1,119,257		948,830
Inventories, net	1,106,405		1,021,713
Other current assets	336,229		258,490
Total current assets	3,019,842		2,603,032
Property, plant and equipment, net	855,215		818,611
Right of use assets, net	273,142		235,666
Goodwill	7,170,770		6,555,877
Other intangibles, investments and other assets	4,748,574		4,417,983
Total assets	$         16,067,543		$         14,631,169
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt, net	$           1,208,975		$              654,346
Accounts payable and accruals	1,633,777		1,444,241
Total current liabilities	2,842,752		2,098,587
Long-term debt, net	1,074,334		1,425,375
Deferred income taxes and other long-term liabilities	1,521,671		1,451,903
Stockholders' equity	10,628,786		9,655,304
Total liabilities and stockholders' equity	$         16,067,543		$         14,631,169

 

AMETEK, Inc. Reconciliations of GAAP to Non-GAAP Financial Measures (In thousands, except per share amounts) (Unaudited)
	Three Months Ended December 31,
	2025		2024		Change
EIG Segment operating income (GAAP)	$                396,142		$                386,649
Acquisition-related costs(1)	17,551		—
Adjusted EIG Segment operating income (Non-GAAP)	$                413,693		$                386,649
EIG Segment operating margin (GAAP)	28.9 %		31.8 %
Acquisition-related costs(1)	1.3 %		— %
Dilutive impact of acquisitions and foreign exchange(2)	2.1 %		— %
Adjusted EIG Segment operating margin (Non-GAAP)	32.3 %		31.8 %		0.5 %
Operating income (GAAP)	$                505,482		$                468,981
Acquisition-related costs(1)	17,551		—
Adjusted Operating income (Non-GAAP)	$                523,033		$                468,981
Diluted earnings per share (GAAP)	$                      1.73		$                     1.67
Acquisition-related costs(1)	0.08		—
Income tax benefit on acquisition-related costs(1)	(0.02)		—
Pretax amortization of acquisition-related intangible assets	0.29		0.27
Income tax benefit on amortization of acquisition-related intangible assets	(0.07)		(0.07)
Adjusted Diluted earnings per share (Non-GAAP)	$                      2.01		$                     1.87
Cash provided by operating activities (GAAP)	$                584,263		$                550,017
Deduct: Capital expenditures	(56,997)		(51,725)
Free cash flow (Non-GAAP)	$                527,266		$                498,292
Free cash flow conversion (Non-GAAP)	132 %		129 %

______________________
(1) -	Acquisition-related costs are comprised of integration costs recorded in Cost of Sales and transaction costs unique to completed business combinations recorded in Other (Expense) Income, net.
(2) -	Operating income margins adjusted for dilutive impact from acquisitions completed in the last twelve months and the foreign exchange impact.

 

AMETEK, Inc. Reconciliations of GAAP to Non-GAAP Financial Measures (In thousands, except per share amounts) (Unaudited)
	Twelve Months Ended December 31,
	2025		2024
Operating income (GAAP)	$        1,910,317		$        1,779,562
Acquisition-related costs(1)	25,301		29,231
Adjusted Operating income (Non-GAAP)	$        1,935,618		$        1,808,793
Operating income margin (GAAP)	25.8 %		25.6 %
Acquisition-related costs(1)	0.4 %		0.5 %
Adjusted Operating income margin (Non-GAAP)	26.2 %		26.1 %
Other (expense) income, net	$           (30,724)		$             (5,061)
Acquisition-related costs(1)	11,992		—
Adjusted Other (expense) income, net	$           (18,732)		$             (5,061)
Diluted earnings per share (GAAP)	$                6.40		$                5.93
Acquisition-related costs(1)	0.16		0.13
Income tax benefit on acquisition-related costs(1)	(0.04)		(0.03)
Pretax amortization of acquisition-related intangible assets	1.20		1.07
Income tax benefit on amortization of acquisition-related intangible assets	(0.29)		(0.26)
Rounding	—		(0.01)
Adjusted Diluted earnings per share (Non-GAAP)	$                7.43		$                6.83

______________________
(1) -	Acquisition-related costs are comprised of integration costs recorded in Cost of Sales and transaction costs unique to completed business combinations recorded in Other (Expense) Income, net.

 

AMETEK, Inc. Reconciliations of GAAP to Non-GAAP Financial Measures (Unaudited)
	Forecasted Diluted Earnings Per Share
	Three Months Ended				Year Ended
	March 31, 2026				December 31, 2026
	Low		High		Low		High
Diluted earnings per share (GAAP)	$             1.62		$             1.67		$          6.96		$          7.16
Pretax amortization of acquisition-related intangible assets(1)	0.30		0.30		1.20		1.20
Income tax benefit on amortization of acquisition-related intangible assets	(0.07)		(0.07)		(0.29)		(0.29)
Adjusted Diluted earnings per share (Non-GAAP)	$             1.85		$             1.90		$          7.87		$          8.07

______________________
(1) -	Acquisition-related costs are comprised of integration costs recorded in Cost of Sales and transaction costs unique to completed business combinations recorded in Other (Expense) Income, net.

 

Use of Non-GAAP Financial Information

The Company supplements its consolidated financial statements presented on a U.S. generally accepted accounting principles ("GAAP") basis with certain non-GAAP financial information to provide investors with greater insight, increased transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making.  Reconciliation of non-GAAP measures to their most directly comparable GAAP measures are included in the accompanying financial tables. These non-GAAP financial measures should be considered in addition to, and not as a replacement for, or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.

The non-GAAP financial measures referenced in this press release include adjusted operating income, adjusted operating margin, and adjusted earnings per share.  These measures are adjusted to exclude items that management does not consider indicative of AMETEK's ongoing operational performance, such as after-tax acquisition-related intangible amortization and one-time acquisition-related costs (including transaction related costs, purchase accounting adjustments, and integration related costs).

In providing forward-looking guidance for quarterly and full-year GAAP and non-GAAP measures, the Company has not included adjustments, such as acquisition-related costs, whose timing and/or magnitude are contingent on future events.

The Company believes that these measures provide useful information to investors by reflecting additional ways of viewing AMETEK's operations that, when reconciled to the comparable GAAP measure, helps our investors to better understand the long-term profitability trends of our business, and facilitates easier comparisons of our profitability to prior and future periods and to our peers.

View original content:https://www.prnewswire.com/news-releases/ametek-announces-record-fourth-quarter-and-full-year-results-302676876.html

SOURCE AMETEK, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were AMETEK (AME) fourth‑quarter 2025 revenue and earnings per share?

AMETEK reported record Q4 2025 sales of $2.0 billion and GAAP EPS of $1.73 per diluted share. According to the company, adjusted EPS was a record $2.01, with adjusted operating income of $523.0 million.

How did AMETEK perform for the full year 2025 and what were the key metrics?

For 2025, AMETEK posted full‑year sales of $7.4 billion and GAAP EPS of $6.40 per share. According to the company, adjusted EPS was $7.43, sales rose 7% and several annual records were set.

What free cash flow did AMETEK generate in Q4 2025 and how efficient was conversion?

AMETEK generated a record Q4 free cash flow of $527.3 million with free cash flow to net income conversion at 132%. According to the company, operating cash flow for the quarter was $584.3 million.

What guidance did AMETEK provide for 2026 including sales and adjusted EPS (AME)?

AMETEK expects 2026 sales to increase mid‑to‑high single digits and adjusted EPS of $7.87–$8.07. According to the company, that implies adjusted EPS growth of roughly 6%–9% versus 2025 on a comparable basis.

How did AMETEK's business segments perform in Q4 2025, specifically EIG and EMG?

EIG reported record Q4 sales of $1.37 billion with adjusted operating income of $413.7 million; EMG posted Q4 sales of $628.9 million and operating income of $142.5 million. According to the company, both segments expanded margins.