AMETEK (AME) FY2024 results: revenue $6.9 billion, up 5.2% on the year
AMETEK Inc. (AME) reported revenue of $6.9 billion for fiscal 2024, the year ended 31 December 2024, up 5.2% on the year before. Net income was $1.4 billion, up 4.8%, and diluted earnings per share $5.93. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$6.9 billion
+5.2% on the year
FY2017FY2024
Operating margin
25.6%
25.9% a year earlier
FY2017FY2024
Net income
$1.4 billion
+4.8% on the year
FY2017FY2024
Diluted EPS
$5.93
+4.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,829
1,735
1,149
+5.4%
Capital expenditure
127
136
139
-6.7%
Free cash flow
1,702
1,599
1,010
+6.4%
Free cash flow margin
24.5%
24.2%
16.4%
Cash from investing
-245
-2,376
-553
Cash from financing
-1,602
697
-576
Depreciation and amortisation
383
338
319
+13.4%
Share-based compensation
47.9
46.2
47.4
+3.6%
Buybacks
212
7.8
333
+2,628.1%
Dividends paid
259
230
202
+12.4%
Diluted shares, weighted
232m
232m
232m
+0.3%
Shares outstanding at period end
231m
231m
230m
-0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
9,655
8,730
7,477
+10.6%
Debt
2,080
3,313
2,385
-37.2%
Operating lease liabilities
190
182
129
+4.2%
Other liabilities
2,706
2,798
2,440
-3.3%
Total liabilities and equity
14,631
15,024
12,431
-2.6%
Fixed assets
819
891
636
-8.2%
Goodwill
6,556
6,448
5,373
+1.7%
Intangible assets
3,915
4,165
3,342
-6.0%
Cash and equivalents
374
410
345
-8.7%
Receivables
949
1,013
919
-6.3%
Inventory
1,022
1,132
1,044
-9.8%
Other assets
997
964
772
+3.4%
Total assets
14,631
15,024
12,431
-2.6%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.