AMETEK Inc (0HF7.L) Q4 2024 Earnings Report

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AMETEK Inc

0HF7.L

$200.65 0.11%

Exchange: LSE | Sector: Industrials | Industry: Electrical Equipment Parts

Q4 2024

Published: Feb 20, 2025

Earnings Highlights

Revenue of $1.76B up 1.8% year-over-year
EPS of $1.67 increased by 12.1% from previous year
Gross margin of 36.6%
Net income of 387.26M
"'We are driving growth through our relentless pursuit of innovation,' stated David A. Zapico, Chairman and CEO." - David A. Zapico

0HF7.L

AMETEK Inc

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 7, 2025

Executive Summary

In the fourth quarter of 2024, AMETEK Inc reported a revenue of $1.76 billion, marking a 1.77% increase year-over-year and a 3.10% increase quarter-over-quarter. The company demonstrated strong profitability with net income reaching $387.26 million, translating to a net income margin of 21.9%, a notable improvement compared to the previous quarter. AMETEK's robust performance can be attributed to its strategic focus on innovation and effective cost management, as emphasized in managementâ€™s commentary. The company continues to thrive within the Electrical Equipment Parts industry, demonstrating resilience against market fluctuations and competitive pressures.

Key Performance Indicators

Revenue

Increasing

1.76B

QoQ: 3.10% | YoY: 1.77%

Gross Profit

Increasing

644.75M

36.60% margin

QoQ: 4.70% | YoY: 4.83%

Operating Income

Increasing

468.98M

QoQ: 5.19% | YoY: 5.39%

Net Income

Increasing

387.26M

QoQ: 13.82% | YoY: 12.95%

EPS

Increasing

1.67

QoQ: 13.61% | YoY: 12.08%

Revenue Trend

Margin Analysis

Financial Highlights

### Financial Performance Metrics ###
- Revenue: $1,761.60 million (YoY: +1.77%, QoQ: +3.10%)
- Gross Profit: $644.75 million (YoY: +4.83%, QoQ: +4.70%)
- Operating Income: $468.98 million (YoY: +5.39%, QoQ: +5.19%)
- Net Income: $387.26 million (YoY: +12.95%, QoQ: +13.82%)
- EPS: $1.67 (YoY: +12.08%, QoQ: +13.61%)

### Balance Sheet Health ###
- Total Assets: $14.63 billion
- Total Liabilities: $4.98 billion
- Total Equity: $9.66 billion
- Current Ratio: 1.24

### Cash Flow Performance ###
- Free Cash Flow: $498.29 million
- Net Cash Provided by Operating Activities: $550.02 million
- Cash at End of Period: $373.99 million

This performance reflects AMETEK's continued commitment to operational excellence and market leadership.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	1.76B	1.77%	3.10%
Gross Profit	644.75M	4.83%	4.70%
Operating Income	468.98M	5.39%	5.19%
Net Income	387.26M	12.95%	13.82%
EPS	1.67	12.08%	13.61%

Key Financial Ratios

Gross Profit Margin

Fair

36.60%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Excellent

26.60%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

22.00%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Weak

2.65%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

4.01%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.24

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Conservative

0.24

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Growth

26.97x

Elevated P/E suggests growth expectations or premium valuation

Price to Book

Premium

4.33x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	1,778.06	1.55	+2.5%	View
Q1 2025	1,731.97	1.52	-0.2%	View
Q4 2024	1,761.60	1.67	+1.8%	View
Q3 2024	1,708.56	1.47	+5.3%	View
Q2 2024	1,734.83	1.45	+5.4%	View

AMETEK Inc (0HF7.L) Q4 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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