Ametek

Evidence of pricing power shows up in steady margin expansion and explicit pricing actions to offset tariffs and input cost volatility. In Q2 2025 operating margin was 26.0% and management referenced targeted pricing and supply chain localization to mitigate tariff impacts.

The mission‑critical nature of many SKUs (aerospace, medical, power quality, ultra‑precision) further supports willingness to pay. Risks: cyclical pauses in project approvals (process, research, semi) can cap near‑term price realization.