FARO Technologies
10-K - Feb 17, 2026
The Company spent $933.2 million in cash, net of cash acquired, to acquire Kern Microtechnik ("Kern") in January 2025 and to acquire all outstanding shares of FARO Technologies ("FARO") common stoc...
SE‑ClusterEnvironmental Services
Tear SheetSource: SEC EDGAR
AMETEK, Inc.
AMEActiveCIK 1037868 · Diversified Industrial Compounders
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, AME filings, SEC EDGAR
$53,267
Market cap ($MM)
$54,963
Enterprise value ($MM)
$7,598
Revenue · LTM ($MM)
$2,258
EBITDA · LTM ($MM)
30%
EBITDA margin
7.2x
EV / revenue
24.3x
EV / EBITDA
0.3x
Net debt / EBITDA
Coverage
Coverage view
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
- 01AME is a scaled public consolidator in Industrial Compounders, a benchmark for how the sub-sector buys, pays, and trades.
- 02The relevant peer set is ROP, DHR, HEI, EMR, TDG, DOV.
Balance sheet & capacity
Indicative capacity read: 0.3x net debt / EBITDA with EBITDA of $2.3B.
$481
Cash & equiv. ($MM)
$1,063
Total debt ($MM)
$581
Net debt ($MM)
0.3x
Net debt / EBITDA
Valuation
Where it trades against its peer set
AME versus the scaled public Diversified Industrial Compounders comparables.
Indexed share-price performance
AME versus available Diversified Industrial Compounders peers and SPY.
+70%
AME
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| AMETEK, Inc. | AME | $7,598 | $2,258 | 30% | $53,267 | $54,963 | 7.2x | 24.3x | 0.3x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
A sustained, programmatic tuck-in cadence
AME's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
102
Active years
20
Named deals
2
Avg / active year
5.1
Acq. cash outflow ($MM)
N/A
Banker read
- 01AME reads as a programmatic acquirer: 102 disclosed acquisitions across 20 active years, or 5.1 per active year. The chart shows activity in 12 of the last 12 visible years.
- 02In the last three years, the file shows 7 acquisitions versus 9 in the prior three; recent activity has cooled versus the prior three-year period.
- 03Spend changes the read: $13B of disclosed spend is concentrated in lumpy years, with FY23 the largest year at $2.2B. Recent spend is above the prior three-year period.
Annual acquisitions + disclosed spend
count spend named deal
AME count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
7 / 9
Last three years is down 22% vs prior three.
Peak count year
FY18
6 disclosed acquisitions in the peak visible year.
Recent spend
$3.3B
is up 31% vs prior three; peak FY23 at $2.2B.
Named evidence
2 rows
2.0% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Jul 1, 2025 | FARO Technologies | Diversified industrial compounders | $1,024 | The Company spent $933.2 million in cash, net of cash acquired, to acquire Kern Microtechnik ("Kern") in January 2025 and to acquire all outstanding shares of FARO Technologies... | 10-K† |
| Feb 1, 2017 | Rauland-Borg | Diversified industrial compounders | $340 | In February 2017, the Company acquired Rauland-Borg for approximately $340 million in cash, with a potential $30 million contingent payment due upon the achievement of certain m... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 4 SEC-backed facts across 2 cited filings.
Evidence
Source archive
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
23
Named deal filings
2
Recent SEC filings
0
Evidence clips
2
Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.23 rows+-
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Feb 17, 2026 | Annual M&A 10-K | quarantined (1 issue) | 2 | $933MM | $1.1B | SEC filing |
| FY2024 | Feb 20, 2025 | Annual M&A 10-K | accepted | 1 | $118MM | $118MM | SEC filing |
| FY2023 | Feb 22, 2024 | Annual M&A 10-K | quarantined (1 issue) | 4 | $2.2B | $2.2B | SEC filing |
| FY2022 | Feb 21, 2023 | Annual M&A 10-K | accepted | 2 | $430MM | $430MM | SEC filing |
| FY2021 | Feb 22, 2022 | Annual M&A 10-K | accepted | 6 | $2.0B | $2.0B | SEC filing |
| FY2020 | Feb 18, 2021 | Annual M&A 10-K | accepted | 1 | $117MM | $117MM | SEC filing |
| FY2019 | Feb 20, 2020 | Annual M&A 10-K | warning (1 warn) | 2 | $1.1B | $1.1B | SEC filing |
| FY2018 | Feb 21, 2019 | Annual M&A 10-K | accepted | 6 | $1.1B | $1.1B | SEC filing |
| FY2017 | Feb 22, 2018 | Annual M&A 10-K | accepted | 3 | $557MM | $582MM | SEC filing |
| FY2016 | Feb 23, 2017 | Annual M&A 10-K | accepted | 5 | $391MM | $391MM | SEC filing |
| FY2015 | Feb 25, 2016 | Annual M&A 10-K | accepted | 2 | $356MM | $357MM | SEC filing |
| FY2014 | Feb 24, 2015 | Annual M&A 10-K | accepted | 5 | $574MM | $574MM | SEC filing |
| FY2013 | Feb 26, 2014 | Annual M&A 10-K | accepted | 3 | $414MM | $414MM | SEC filing |
| FY2012 | Feb 21, 2013 | Annual M&A 10-K | accepted | 7 | $748MM | $748MM | SEC filing |
| FY2011 | Feb 23, 2012 | Annual M&A 10-K | accepted | 5 | $474MM | $475MM | SEC filing |
| FY2010 | Feb 24, 2011 | Annual M&A 10-K | warning (1 warn) | 6 | $539MM | N/A | SEC filing |
| FY2009 | Feb 25, 2010 | Annual M&A 10-K | accepted | 3 | $72.9MM | $72.9MM | SEC filing |
| FY2008 | Feb 26, 2009 | Annual M&A 10-K | accepted | 6 | $463MM | $463MM | SEC filing |
| FY2007 | Feb 27, 2008 | Annual M&A 10-K | accepted | 7 | $301MM | $301MM | SEC filing |
| FY2006 | Feb 28, 2007 | Annual M&A 10-K | accepted | 5 | $178MM | $178MM | SEC filing |
| FY2005 | Mar 6, 2006 | Annual M&A 10-K | accepted | 5 | $341MM | $341MM | SEC filing |
| FY2004 | Mar 8, 2005 | Annual M&A 10-K | accepted | 2 | $142MM | $144MM | SEC filing |
| FY2003 | Mar 12, 2004 | Annual M&A 10-K | accepted | 4 | $164MM | $164MM | SEC filing |
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.2 rows+-
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Feb 17, 2026 | 10-K | FARO Technologies | Annual M&ANamed deals | SEC filing |
| Feb 23, 2017 | 10-K | Rauland-Borg | Annual M&ANamed deals | SEC filing |
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+-
No filing source clears this category.
Evidence clipsShort excerpts used on the page; expand only when you want the language.2 rows+-
Medium
Rauland-Borg
10-K - Feb 23, 2017
In February 2017, the Company acquired Rauland-Borg for approximately $340 million in cash, with a potential $30 million contingent payment due upon the achievement of certain milestones. Rauland-B...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.