Ametek
AME · Electrical Components & Equipment
$240.03
0.5%Vertiv
VRT · Electrical Components & Equipment
$194.32
0.6%The short version
- Vertiv is the larger business, with $10.2B of revenue in fiscal 2025 against $7.4B for Ametek.
- Vertiv grew revenue faster (27.7%, against 6.6%).
- Ametek kept more of each dollar of sales as operating profit (25.8% operating margin, against 17.9% operating margin).
- Ametek turned more of its sales into free cash flow (22.6% FCF margin, against 18.5% FCF margin).
- Vertiv earned a higher return on the capital invested in it (30.2%, against 13.2%).
- Investors pay more for each dollar of Vertiv’s earnings: a P/E of 44.0x against 35.1x for Ametek.
| Latest fiscal year | AME · FY25 | VRT · FY25 |
|---|---|---|
| Size | ||
| Market cap | $55.2B | $76.3B |
| Revenue | $7.4B | $10.2B |
| Free cash flow | $1.7B | $1.9B |
| Net income | $1.5B | $1.3B |
| Growth | ||
| Revenue growth | 6.6% | 27.7% |
| 5-year growth | 10.3% | 18.5% |
| Share count change | −0.4% | 1.1% |
| Profitability | ||
| Gross margin | 36.0% | 36.3% |
| Operating margin | 25.8% | 17.9% |
| Net margin | 20.0% | 13.0% |
| FCF margin | 22.6% | 18.5% |
| Return on capital | 13.2% | 30.2% |
| Return on equity | 14.6% | 41.8% |
| Balance sheet | ||
| Net debt | $1.8B | $1.2B |
| Net debt / EBITDA | 0.8x | 0.6x |
| Dividends and buybacks | $719M | $66.6M |
| Valuation & quality | ||
| P/E | 35.1x | 44.0x |
| Piotroski F-score | 7 | 6 |
FY16
AME $3.8B
VRT —
FY17
AME $4.3B
VRT —
FY18
AME $4.8B
VRT —
FY19
AME $5.2B
VRT $4.4B
FY20
AME $4.5B
VRT $4.4B
FY21
AME $5.5B
VRT $5.0B
FY22
AME $6.2B
VRT $5.7B
FY23
AME $6.6B
VRT $6.9B
FY24
AME $6.9B
VRT $8.0B
FY25
AME $7.4B
VRT $10.2B
AME
VRT
FY16
AME 20.6%
VRT —
FY17
AME 21.0%
VRT —
FY18
AME 22.2%
VRT —
FY19
AME 22.8%
VRT 4.7%
FY20
AME 22.6%
VRT 4.9%
FY21
AME 23.6%
VRT 5.2%
FY22
AME 24.4%
VRT 3.9%
FY23
AME 25.9%
VRT 12.7%
FY24
AME 25.6%
VRT 17.1%
FY25
AME 25.8%
VRT 17.9%
AME
VRT
FY16
AME $694M
VRT —
FY17
AME $758M
VRT —
FY18
AME $843M
VRT —
FY19
AME $1.0B
VRT $9.9M
FY20
AME $1.2B
VRT $165M
FY21
AME $1.0B
VRT $138M
FY22
AME $1.0B
VRT −$253M
FY23
AME $1.6B
VRT $773M
FY24
AME $1.7B
VRT $1.2B
FY25
AME $1.7B
VRT $1.9B
AME
VRT
FY16
AME 12.1%
VRT —
FY17
AME 14.8%
VRT —
FY18
AME 14.0%
VRT —
FY19
AME 13.5%
VRT —
FY20
AME 11.3%
VRT 7.2%
FY21
AME 13.1%
VRT 6.2%
FY22
AME 13.1%
VRT 2.7%
FY23
AME 13.2%
VRT 17.6%
FY24
AME 12.8%
VRT 21.3%
FY25
AME 13.2%
VRT 30.2%
AME
VRT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.