AMETEK INC/AME
AMETEK INC/ Segments Disclosure
Reportable Segments and Geographic Areas Information
Descriptive Information about Reportable Segments
The Company has two reportable segments, EIG and EMG. The Company’s operating segments are determined based on information utilized by the Chief Executive Officer, its chief operating decision maker ("CODM"). Certain of the Company’s operating segments have been aggregated for segment reporting purposes primarily on the basis of product type, production processes, distribution methods and similarity of economic characteristics.
EIG manufactures advanced instruments for the process, power and industrial, and aerospace markets. It provides process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries. EIG also provides instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets. It makes power quality monitoring and metering devices, uninterruptible power supplies, programmable power equipment, electromagnetic compatibility test equipment and gas turbines sensors. EIG also provides dashboard instruments for heavy trucks and other vehicles, as well as instrumentation and controls for the food and beverage industries. It supplies the aerospace and defense industry with aircraft and engine sensors, embedded computing systems, monitoring systems, power supplies, fuel and fluid measurement systems, and data acquisition systems.
EMG designs and manufactures highly engineered medical components and devices, automation solutions, thermal management systems, specialty metals and electrical interconnects. EMG products include single-use and consumable surgical instruments, implantable components, and drug delivery systems used across a wide range of medical applications. It also manufactures highly engineered electrical connectors and electronic packaging used to
protect sensitive electronic devices. EMG makes precision motion control products for data storage, medical devices, business equipment, automation and other applications. It supplies high-purity powdered metals, strip and foil, specialty clad metals and metal matrix composites. EMG also manufactures motors used in commercial appliances, food and beverage machines, hydraulic pumps and industrial blowers. It produces motor-blower systems and heat exchangers used in thermal management and other applications on a variety of military and commercial aircraft and military ground vehicles. EMG also operates a global network of aviation maintenance, repair and overhaul facilities.
Measurement of Segment Results
The CODM reviews segment operating income statements in order to assess performance and allocate resources to each segment. Sales and operating income are key metrics monitored by the CODM when determining each segment’s financial condition and operating performance. In addition, the CODM receives depreciation, amortization, research, development, and engineering costs, capital spending, and assets of each segment on a quarterly basis to monitor cash flow and asset needs of each segment.
Segment operating income represents net sales less all direct costs and expenses (including certain administrative and other expenses) applicable to each segment but does not include interest expense. Net sales by segment are reported after elimination of intra- and inter-segment sales and profits, which are insignificant in amount. Reported segment assets include allocations directly related to the segment’s operations. Corporate assets consist primarily of investments, pensions, insurance deposits and deferred taxes.
Reportable Segment Financial Information (in thousands):
| EMG | EIG | Corporate | Total Consolidated | ||||||||||||||||||||
| 2025 | |||||||||||||||||||||||
| Net Sales | $ | 2,482,016 | $ | 4,919,100 | $ | — | $ | 7,401,116 | |||||||||||||||
Cost of sales (1) | 1,814,258 | 2,919,419 | — | 4,733,677 | |||||||||||||||||||
| Selling expense | 88,820 | 552,624 | — | 641,444 | |||||||||||||||||||
| Segment Operating Income | 578,938 | 1,447,057 | — | 2,025,995 | |||||||||||||||||||
| Corporate G&A | — | — | 115,678 | 115,678 | |||||||||||||||||||
| Operating Income | 578,938 | 1,447,057 | (115,678) | 1,910,317 | |||||||||||||||||||
| Interest expense | — | — | (81,254) | (81,254) | |||||||||||||||||||
Other (expense) income, net (2) | — | — | (30,724) | (30,724) | |||||||||||||||||||
| Income before Income Taxes | $ | 578,938 | $ | 1,447,057 | $ | (227,656) | $ | 1,798,339 | |||||||||||||||
| Depreciation | $ | 61,986 | $ | 77,538 | $ | 6,012 | $ | 145,536 | |||||||||||||||
| Amortization | 90,546 | 186,722 | — | 277,268 | |||||||||||||||||||
| Total depreciation and amortization | $ | 152,532 | $ | 264,260 | $ | 6,012 | $ | 422,804 | |||||||||||||||
Research, Development & Engineering costs (3) | $ | 81,879 | $ | 300,880 | $ | — | $ | 382,759 | |||||||||||||||
| Assets | $ | 4,827,118 | $ | 10,548,102 | $ | 692,323 | $ | 16,067,543 | |||||||||||||||
| Capital Expenditures | $ | 42,456 | $ | 61,569 | $ | 26,223 | $ | 130,248 | |||||||||||||||
(1)Includes $25.3 million in EIG of acquisition-related integration costs.
(2)Includes $12.0 million of acquisition-related transaction costs.
(3)Included in cost of sales.
| EMG | EIG | Corporate | Total Consolidated | ||||||||||||||||||||
| 2024 | |||||||||||||||||||||||
| Net Sales | $ | 2,281,265 | $ | 4,659,915 | $ | — | $ | 6,941,180 | |||||||||||||||
Cost of sales (1) | 1,736,694 | 2,728,019 | — | 4,464,713 | |||||||||||||||||||
| Selling expense | 88,070 | 503,487 | — | 591,557 | |||||||||||||||||||
| Segment Operating Income | 456,501 | 1,428,409 | — | 1,884,910 | |||||||||||||||||||
| Corporate G&A | — | — | 105,348 | 105,348 | |||||||||||||||||||
| Operating Income | 456,501 | 1,428,409 | (105,348) | 1,779,562 | |||||||||||||||||||
| Interest expense | — | — | (112,962) | (112,962) | |||||||||||||||||||
| Other (expense) income, net | — | — | (5,061) | (5,061) | |||||||||||||||||||
| Income before Income Taxes | $ | 456,501 | $ | 1,428,409 | $ | (223,371) | $ | 1,661,539 | |||||||||||||||
| Depreciation | $ | 58,049 | $ | 71,351 | $ | 5,866 | $ | 135,266 | |||||||||||||||
| Amortization | 74,452 | 173,209 | — | 247,661 | |||||||||||||||||||
| Total depreciation and amortization | $ | 132,501 | $ | 244,560 | $ | 5,866 | $ | 382,927 | |||||||||||||||
Research, Development & Engineering costs (2) | $ | 72,434 | $ | 299,441 | $ | — | $ | 371,875 | |||||||||||||||
| Assets | $ | 4,758,856 | $ | 9,302,031 | $ | 570,282 | $ | 14,631,169 | |||||||||||||||
Capital Expenditures (3) | $ | 41,022 | $ | 58,859 | $ | 28,277 | $ | 128,158 | |||||||||||||||
(1)Includes $29.2 million in EMG in for Paragon acquisition-related integration costs.
(2)Included in cost of sales.
(3)Includes $1.1 million in EIG of acquired capital expenditures.
| EMG | EIG | Corporate | Total Consolidated | ||||||||||||||||||||
| 2023 | |||||||||||||||||||||||
| Net Sales | $ | 1,972,700 | $ | 4,624,250 | $ | — | $ | 6,596,950 | |||||||||||||||
| Cost of sales | 1,393,086 | 2,819,399 | — | 4,212,485 | |||||||||||||||||||
| Selling expense | 83,045 | 493,889 | — | 576,934 | |||||||||||||||||||
| Segment Operating Income | 496,569 | 1,310,962 | — | 1,807,531 | |||||||||||||||||||
| Corporate G&A | — | — | 100,072 | 100,072 | |||||||||||||||||||
| Operating Income | 496,569 | 1,310,962 | (100,072) | 1,707,459 | |||||||||||||||||||
| Interest expense | — | — | (81,795) | (81,795) | |||||||||||||||||||
| Other income (expense), net | — | — | (19,252) | (19,252) | |||||||||||||||||||
| Income before Income Taxes | $ | 496,569 | $ | 1,310,962 | $ | (201,119) | $ | 1,606,412 | |||||||||||||||
| Depreciation | $ | 40,443 | $ | 77,344 | $ | 4,715 | $ | 122,502 | |||||||||||||||
| Amortization | 43,471 | 171,663 | — | 215,134 | |||||||||||||||||||
| Total depreciation and amortization | $ | 83,914 | $ | 249,007 | $ | 4,715 | $ | 337,636 | |||||||||||||||
Research, Development & Engineering costs (1) | $ | 68,960 | $ | 282,701 | $ | — | $ | 351,661 | |||||||||||||||
| Assets | $ | 4,957,944 | $ | 9,559,282 | $ | 506,307 | $ | 15,023,533 | |||||||||||||||
Capital Expenditures (2) | $ | 272,060 | $ | 86,616 | $ | 12,385 | $ | 371,061 | |||||||||||||||
(1)Included in cost of sales.
(2)Includes $223.7 million in EMG and $11.1 million in EIG of acquired capital expenditures.
Geographic Areas
Information about the Company’s operations in different geographic areas for the years ended December 31, 2025 and 2024 is shown below.
| 2025 | 2024 | ||||||||||
| (In thousands) | |||||||||||
| Long-lived assets from continuing operations (excluding intangible assets): | |||||||||||
| United States | $ | 598,310 | $ | 590,386 | |||||||
International(1): | |||||||||||
| United Kingdom | 77,352 | 68,239 | |||||||||
| European Union countries | 95,602 | 84,707 | |||||||||
| Asia | 12,078 | 12,416 | |||||||||
| Other foreign countries | 71,873 | 62,863 | |||||||||
| Total international | 256,905 | 228,225 | |||||||||
| Total consolidated | $ | 855,215 | $ | 818,611 | |||||||
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(1)Represents long-lived assets of foreign-based operations only.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 21, 2023 | |
| 2021 | Feb 22, 2022 | |
| 2020 | Feb 18, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 21, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 25, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.