Ametek

AMETEK’s diversity across end markets and geographies (about 47% international in Q2 2025) and large backlog underpin relatively steady growth through cycles. Orders and backlog both increased year over year at mid‑2025, and management’s full‑year guidance implies mid‑single‑digit sales growth despite soft spots in certain verticals.

Still, the business is not a pure subscription model and retains sensitivity to capital budgets in industrial, research and semi markets, so we assign an 80 rather than a higher score.