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AMETEK INC/

CIK: 10378681 Annual ReportLatest: 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.