Ametek vs Eaton
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put Ametek and Eaton side by side, using each one’s latest annual report. Here is what stands out:
- Eaton is the larger business, with $27.4B of revenue in fiscal 2025 against $7.4B for Ametek, about 3.7 times as much.
- Eaton grew revenue faster (10.3%, against 6.6%).
- Ametek turned more of its sales into free cash flow (22.6% FCF margin, against 12.9%).
- Eaton earned a higher return on the capital invested in it (15.8%, against 13.2%).
- Investors pay more for each dollar of Eaton’s earnings: a P/E of 37.8x against 35.5x for Ametek.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Ametek
AME
5/10
5-year growthNet marginFCF marginPiotroski F-scoreNet debt / EBITDA
Eaton
ETN
5/10
Revenue growthGross marginReturn on capitalReturn on equityShare count change
Side by side
Best in the row
| Latest fiscal year | AME FY25 | ETN FY25 |
|---|---|---|
| Size | ||
| Market cap | $55.8B | $144.9B |
| Revenue | $7.4B | $27.4B |
| Free cash flow | $1.7B | $3.6B |
| Net income | $1.5B | $4.1B |
| Growth | ||
| Revenue growth | 6.6% | 10.3% |
| 5-year growth | 10.3% | 9.0% |
| Share count change | −0.4% | −2.1% |
| Profitability | ||
| Gross margin | 36.0% | 37.6% |
| Operating margin | 25.8% | — |
| Net margin | 20.0% | 14.9% |
| FCF margin | 22.6% | 12.9% |
| Return on capital | 13.2% | 15.8% |
| Return on equity | 14.6% | 21.6% |
| Balance sheet | ||
| Net debt | $1.8B | $9.1B |
| Net debt / EBITDA | 0.8x | 1.5x |
| Dividends and buybacks | $719M | $3.5B |
| Valuation & quality | ||
| P/E | 35.5x | 37.8x |
| Piotroski F-score | 7 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.