21 February 2026
Disclaimer: This is a simplified summary of a public company filing. See full disclaimer here.
AMETEK INC/
CIK: 1037868•1 Annual Report•Latest: 2026-02-17
10-K / February 17, 2026
AMETEK, Inc.
Overview
- Delaware-incorporated, global manufacturer of electronic instruments and electromechanical devices.
- Principal executive offices in Berwyn, Pennsylvania.
- Publicly listed on the New York Stock Exchange (ticker: AME) and a component of the S&P 500 and Russell 1000.
- Operates through two primary groups: Electronic Instruments Group (EIG) and Electromechanical Group (EMG).
Business scope and offerings
- Electronic Instruments Group (EIG): designs and manufactures advanced instruments for process, power, industrial, and aerospace markets.
- Electromechanical Group (EMG): supplies precision motion control solutions, engineered medical components and devices, thermal management systems, specialty metals, and electrical interconnects.
- End markets include aerospace and defense, medical, automation, and other industrial sectors.
Competitive strengths and capabilities
- Strong positions in niche markets, delivering differentiated products at competitive prices.
- Ongoing investments in research and engineering to support technological and product development.
- Use of Design for Six Sigma, Value Engineering/Value Analysis, and increasing adoption of artificial intelligence tools to accelerate innovation and improve product quality.
- Operational Excellence initiatives (lean manufacturing, global sourcing, digitalization) that support efficient, flexible manufacturing.
- Track record of achieving operating synergies through acquisitions and consolidation of operations, product lines, and distribution channels.
- Experienced management team with deep company tenure and a focus on shareholder value through performance-based incentives.
Growth model and strategic focus
- Pursues the AMETEK Growth Model, targeting high-single-digit annual sales growth and double-digit earnings-per-share growth over business cycles.
- Four core strategies:
- Operational Excellence: lean processes, improved margins, faster cycle times, sustainable practices; emphasis on AI, digitalization, and growth kaizens.
- Strategic Acquisitions: active acquisition program to broaden capabilities and markets. Since 2021, completed 15 acquisitions contributing approximately $1.8 billion in annualized sales.
- Global & Market Expansion: growing international sales, service, and engineering capabilities across Europe, Latin America, the Middle East, and Asia.
- New Product Development: continued investment in differentiated products to address customer challenges and secular growth trends.
- Emphasizes cash generation and disciplined capital deployment, including use of debt and equity financing, share repurchases, and a steadily increasing cash dividend.
Global footprint and operations
- As of December 31, 2025, maintains manufacturing facilities in China, Czechia, Malaysia, Mexico, and Serbia to support customer proximity and international sales growth.
- Business model is asset-light with a focus on cash flow generation to support capital deployment and acquisitions.
Management and governance
- Leadership team with extensive industry experience, averaging about 24 years of service at AMETEK.
- Governance features include stock ownership guidelines and equity incentive plans that align management with performance.
2025 performance snapshot
- 2025 delivered record results across multiple metrics, including sales, operating income, net income, diluted earnings per share, orders, and backlog.
- Strong operating cash flow was driven by organic growth, recent acquisitions, and Operational Excellence initiatives, supporting the company’s capital deployment and dividend commitments.
Financial highlights disclosed
- 15 acquisitions completed from the beginning of 2021 through December 31, 2025.
- Those acquisitions contributed approximately $1.8 billion in annualized sales.
- Emphasis on an asset-light model, strong cash generation, and continued capital redeployment.
