| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 23 | 35.3x | 17.8x | Bottom tier | |
Growth | 56 | 12.7% | 7.1% | Around median | |
Quality | 73 | 13.8% | 4.5% | Top tier | |
Safety | 90 | 0.3x | 2.6x | Top tier | |
Capital Return | 47 | 0.54% | 2.12% | Around median | |
Momentum | 74 | 34.0% | 2.9% | Top tier | |
Sentiment | 94 | 13 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
AMETEK manufactures highly engineered, specialized industrial technology solutions and generates revenue through two operating groups: Electronic Instruments Group, which includes measurement and analytical instruments and semiconductor, power, and aerospace solutions, and Electromechanical Group, which serves aerospace, defense, medical technologies, and automation. The company relies on products with substantial intellectual property and high switching costs, such as electrical simulation systems from RTDS, optical measurement solutions from Zygo, and Paragon Medical components, alongside growth through acquisitions and investment in product development.
In Q2 of fiscal year 2026, AMETEK reported record adjusted revenue of $2.04 billion, up 15% year over year, including 10% organic growth and a 5-percentage-point contribution from acquisitions. Electronic Instruments Group generated approximately $1.32 billion in revenue, or about 65% of group revenue, while Electromechanical Group generated approximately $723 million, or about 35%. According to EDGAR filings, gross profit was $735.0 million, net income was $406.9 million, and diluted earnings per share were $1.77.
Adjusted operating income in Q2 of fiscal year 2026 reached a record $544 million, and the operating margin increased to 26.6%, while the core margin expanded 110 basis points to 27.1%. The company achieved record adjusted earnings per share of $2.09, exceeding its previous guidance range of $1.96–$2.00, and free cash flow rose 37% to $452 million, representing conversion of 111% of net income. On a trailing-twelve-month basis in 2026, EDGAR data showed revenue of $7.9 billion and net income of $1.6 billion, compared with revenue of $7.4 billion and net income of $1.5 billion in fiscal year 2025.
The analyst consensus is "Buy," with an average price target of $273, a high of $316, and a low of $230; the average is approximately 4.5% above the top of the 52-week range of $261.16. The breadth of the targets from $230 to $316 reveals meaningful differences in estimates of the impact of order growth and the Indicor transaction, while the available data do not include a usable earnings multiple, so no numerical judgment about whether the stock is inexpensive or expensive can be established based on earnings.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Adjusted revenue reached a record $2.04 billion, up 15% year over year, with organic growth of 10% and a 5-percentage-point contribution from acquisitions. Adjusted operating income rose 18% to $544 million, and the operating margin reached 26.6%. Adjusted earnings per share were $2.09, while EDGAR filings showed net income of $406.9 million and diluted earnings per share of $1.77. Growth in semiconductors, aerospace, defense, Paragon Medical, and automation contributed to this performance.
The backlog increased approximately 21% since the end of fiscal year 2025 after Q2 fiscal year 2026 orders reached $2.3 billion. The book-to-bill ratio was 1.12 and was positive in both Electronic Instruments Group and Electromechanical Group. Management expects to ship approximately 80% of the backlog during the twelve months following the August 4, 2026 call, while the fiscal year 2027 schedule has begun to fill. However, management described the timing of some orders as volatile, which may cause quarterly variation in their conversion into revenue.
RTDS sells real-time digital simulators that help data center operators test power grid stability and received an order from a hyperscale operator to support an expansion project. Zygo provides 3D measurement systems and optical components incorporated into advanced semiconductor manufacturing platforms used in artificial intelligence and next-generation computing. Internally, AMETEK began a second wave of artificial intelligence projects after a first wave that included 50 projects covering document processing, customer service, supply delay forecasting, and engineering design. Management confirmed that direct exposure to data centers is not large enough to disclose as a separate segment.
Automated analysis for informational purposes only — not investment advice.
AMETEK announced on August 26, 2026 that it had completed the all-cash purchase of the Indicor Instrumentation portfolio for $5.0 billion. According to details presented by management on August 4, 2026, the portfolio consists of ten businesses with specialized technologies, and approximately 50% of its revenue comes from recurring sources. AMETEK is targeting cost savings of between 10% and 12% through global sourcing, shared services, and facility rationalization. Conversely, the size of the transaction increases the importance of executing the integration plan and converting the targeted savings into earnings and cash flows.
Management expects total sales growth of approximately 10% and organic growth in the mid-to-high single-digit range in fiscal year 2026. It raised its adjusted diluted earnings per share range to $8.20–$8.30, compared with previous guidance of $7.94–$8.14. For Q3 of fiscal year 2026, it expects total growth in the high single-digit range and adjusted earnings per share of between $2.08 and $2.10. It also maintained its free cash flow conversion forecast at 110%–115% of net income, with annual capital expenditures of approximately $160 million.
Electronic Instruments Group generated revenue of $1.32 billion in Q2 of fiscal year 2026, up 14%, including organic growth of 7%, and its core operating margin was 30.1%. Electromechanical Group reported record revenue of $723 million, up 17%, including organic growth of 15%. Electromechanical Group's operating income rose 32% to $191 million, and its core margin expanded 290 basis points to 26.2%. Its outperformance was driven by new Paragon Medical programs and strong demand in defense, automation, and life sciences.
