"Our expansion into high-growth sectors positions us well to capture future opportunities even in volatile market conditions."
— David A. Zapico
03Detailed Report
0HF7.L
AMETEK Inc
Period
Q3 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 17, 2026
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Executive Summary
In Q3 2024, AMETEK Inc reported a revenue of $1.71 billion, marking a slight decrease of 1.51% quarter-over-quarter but a 5.28% increase year-over-year, demonstrating resilience despite fluctuating economic conditions. The gross profit margin stood at 36.04%, reflecting stable profitability which aligns with management’s strategic focus on operational excellence. Notably, net income increased to $340.24 million, revealing the company’s ability to manage expenses effectively amid lower revenue growth. CEO David A. Zapico emphasized the strength of AMETEK’s portfolio and the ongoing investments in high-growth sectors that underpin the company's long-term growth strategy.
Key Performance Indicators
Revenue
Increasing
1.71B
QoQ: -1.51% | YoY: 5.28%
Gross Profit
Increasing
615.81M
36.04% margin
QoQ: -1.38% | YoY: 2.31%
Operating Income
Increasing
445.85M
QoQ: -0.37% | YoY: 1.76%
Net Income
Decreasing
340.24M
QoQ: 0.76% | YoY: -0.04%
EPS
Decreasing
1.47
QoQ: 0.68% | YoY: -0.68%
Revenue Trend
Margin Analysis
Financial Highlights
1. Revenue Performance: Revenue of $1.71 billion (+5.28% YoY; -1.51% QoQ).
2. Profitability: Net income stood at $340.24 million, with a net income margin of 19.91% and an operating income of $445.85 million (+1.76% YoY; -0.37% QoQ).
3. Earnings Per Share: EPS of $1.47, showing a slight decline of 0.68% YoY but a gain of 0.68% QoQ.
4. Balance Sheet Health: Total assets of $14.77 billion with $3.52 billion in cash and short-term investments, reflecting robust liquidity.
5. Cash Flow: Operating cash flow reached $487.17 million, contributing to a free cash flow of $460.89 million, which supports continued investments and shareholder returns.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
1.71B
5.28%
-1.51%
Gross Profit
615.81M
2.31%
-1.38%
Operating Income
445.85M
1.76%
-0.37%
Net Income
340.24M
-0.04%
0.76%
EPS
1.47
-0.68%
0.68%
Key Financial Ratios
Gross Profit Margin
Fair
36.00%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Excellent
26.10%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Good
19.90%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Weak
2.30%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
3.56%
Return on equity suggests inefficient capital allocation
Current Ratio
Adequate
1.39
Current ratio meets minimum requirements but limited cushion
Debt to Equity
Conservative
0.25
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Growth
29.01x
Elevated P/E suggests growth expectations or premium valuation
Price to Book
Premium
4.13x
Trading at premium to book value, reflects strong intangibles or growth
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