'We are driving growth through our relentless pursuit of innovation,' stated David A. Zapico, Chairman and CEO.
— David A. Zapico
03Detailed Report
0HF7.L
AMETEK Inc
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 18, 2026
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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 management’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
Management Insights Available for Members
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