AME · 10-Q · 2026Q3 · Full report
Operating Margin Drivers
AMETEK INC/ · 2026-11-03 · Importance 31 · Surprise 32 · No source text
Third-quarter segment operating margin increased to 27.8% from 27.3% a year earlier, while consolidated operating margin rose to 26.3% from 25.8%. Nine-month segment margin was 27.8%, versus 27.5%, and consolidated margin was 26.3%, versus 26.0%. Operational Excellence and higher sales supported margins, while recent acquisitions diluted third-quarter segment margin by 40 basis points and nine-month margin by 70 basis points; acquisition integration costs reduced each period’s margin by 40 basis points. For the first nine months, EIG margin fell to 28.6% from 29.6%, while EMG margin expanded to 26.3% from 23.6%.
Key facts
- EMG first-nine-months 2026 operating income was $570.1 million, up $133.6 million or 30.6%; operating margins increased to 26.3% from 23.6%. source
- AMETEK third-quarter 2026 cost of sales was $1,409.9 million, or 63.5% of sales, up $203.4 million or 16.9% from $1,206.5 million, or 63.7%; the increase was primarily due to higher sales, partially offset by Operational Excellence initiatives. source
- AMETEK third-quarter 2026 segment operating income was $616.8 million, up $100.5 million or 19.5%; segment operating margin increased to 27.8% from 27.3%. source
- AMETEK consolidated third-quarter 2026 operating income was a record $584.9 million, or 26.3% of sales, up $96.5 million or 19.8% from $488.4 million, or 25.8%. source
- EIG third-quarter 2026 operating income was a record $406.7 million, up $54.3 million or 15.4%; operating margin was 28.2%, versus 28.3% in third-quarter 2025. source
- AMETEK first-nine-months 2026 cost of sales was $3,930.1 million, or 63.5% of sales, up $474.5 million or 13.7% from $3,455.6 million, or 64.0%; higher sales drove the increase, partially offset by Operational Excellence benefits. source
- AMETEK first-nine-months 2026 segment operating income was $1,720.5 million, up $233.1 million or 15.7%; segment margins increased to 27.8% from 27.5%. source
- AMETEK first-nine-months 2026 consolidated operating income was $1,628.1 million, or 26.3% of sales, up $223.3 million or 15.9% from $1,404.8 million, or 26.0%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -21.4% | AMETEK first-nine-months 2026 cost of sales was $3,930.1 million, or 63.5% of sales, up $474.5 million or 13.7% from $3,455.6 million, or… |
| operating_income | positive | realized | +10.1% | AMETEK first-nine-months 2026 consolidated operating income was $1,628.1 million, or 26.3% of sales, up $223.3 million or 15.9% from… |
| operating_income | negative | realized | -9.2% | AMETEK third-quarter 2026 cost of sales was $1,409.9 million, or 63.5% of sales, up $203.4 million or 16.9% from $1,206.5 million, or… |
| operating_income | positive | realized | +6.0% | EMG first-nine-months 2026 operating income was $570.1 million, up $133.6 million or 30.6%; operating margins increased to 26.3% from 23.6%. |
| operating_income | positive | realized | +4.3% | AMETEK consolidated third-quarter 2026 operating income was a record $584.9 million, or 26.3% of sales, up $96.5 million or 19.8% from… |
| margin | positive | realized | +2.7% | EMG first-nine-months 2026 operating income was $570.1 million, up $133.6 million or 30.6%; operating margins increased to 26.3% from 23.6%. |
| margin | positive | realized | +1.6% | EMG third-quarter 2026 operating income was a record $210.0 million, up $46.1 million or 28.2%; operating margins were 27.0%, compared… |
| margin | negative | realized | -1.0% | EIG first-nine-months 2026 operating income was $1,150.4 million, up $99.5 million or 9.5%; operating margins were 28.6%, compared with… |
| margin | positive | realized | +0.5% | AMETEK third-quarter 2026 segment operating income was $616.8 million, up $100.5 million or 19.5%; segment operating margin increased to… |
| margin | positive | realized | +0.5% | AMETEK consolidated third-quarter 2026 operating income was a record $584.9 million, or 26.3% of sales, up $96.5 million or 19.8% from… |
| margin | positive | realized | +0.5% | AMETEK first-nine-months 2026 cost of sales was $3,930.1 million, or 63.5% of sales, up $474.5 million or 13.7% from $3,455.6 million, or… |
| margin | positive | realized | +0.3% | AMETEK first-nine-months 2026 segment operating income was $1,720.5 million, up $233.1 million or 15.7%; segment margins increased to… |