AMETEK, Inc. stock research
FY2025 Q3
AMETEK (AME) Gross Margin — Quarter Ended Sep 30, 2025
Revenue, gross profit, and cost of revenue all increased compared to the prior quarter and the same quarter last year. Gross margin improved from the prior quarter and was slightly above the year-ago level.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue, gross profit, and cost of revenue all increased compared to the prior quarter and the same quarter last year. Gross margin improved from the prior quarter and was slightly above the year-ago level.
- Compared to the prior quarter, revenue increased while cost of revenue also increased, but the proportion of revenue retained as gross profit rose, leading to an improved gross margin.
- Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin was slightly higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.3%
Gross profit
$686.1M
Revenue
$1.9B
Cost of revenue
$1.2B
Quarter-over-quarter change
+0.5 pts
Year-over-year change
+0.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Dec 31, 2024 | $1.8B | $644.7M | $1.1B | 36.6% |
| Mar 31, 2025 | $1.7B | $625.0M | $1.1B | 36.1% |
| Jun 30, 2025 | $1.8B | $635.9M | $1.1B | 35.8% |
| Sep 30, 2025 | $1.9B | $686.1M | $1.2B | 36.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+0.5 pts
Year-over-year change
Sep 30, 2024
+0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Compared to the prior quarter, revenue increased while cost of revenue also increased, but the proportion of revenue retained as gross profit rose, leading to an improved gross margin.
Compared to the immediately preceding quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin was slightly higher.
Higher working capital investments, as noted in the filing, may be a relevant area to monitor for its effect on future cost of revenue and gross margin.