IDEX Corporation

IEX · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988
Valuation
Market cap	$13,319	$15,848	$16,419	$17,221	$17,968	$15,145	$13,077	$9,600	$10,034	$6,847	$5,825	$6,205	$6,020	$3,848	$3,048	$3,148	$2,483	$1,959	$2,914	$2,514	$2,113	$2,028	$1,353	$1,035	$1,042	$985	$897	$719	$1,017	$766	$804	$551	$451	$297	$174	$102	$146	$158
Enterprise value	$14,586	$17,213	$17,330	$18,378	$18,368	$15,275	$13,379	$9,982	$10,517	$7,627	$6,338	$6,560	$6,354	$4,315	$3,627	$3,441	$2,810	$2,452	$3,266	$2,798	$2,196	$2,246	$1,521	$1,269	$1,329	$1,218	$1,163	$999	$1,264	$1,032	$1,004	$713	$565	$434	$238	$205	$267	$300
P/E (TTM) at period end	27.56×	31.38×	27.54×	29.34×	39.98×	40.09×	30.73×	23.38×	29.75×	25.26×	20.60×	22.21×	23.59×	102.25×	15.72×	20.04×	21.90×	15.42×	18.79×	17.14×	19.24×	23.47×	21.69×	19.13×	31.87×	15.52×	16.50×	11.13×	17.33×	15.26×	17.75×	16.40×	17.83×	17.87×	10.94×	6.47×	9.67×	14.72×
P/S (TTM) at period end	3.85×	4.85×	5.02×	5.41×	6.50×	6.44×	5.24×	3.87×	4.39×	3.24×	2.88×	2.89×	2.97×	1.97×	1.66×	2.08×	1.87×	1.32×	2.15×	2.18×	2.03×	2.18×	1.70×	1.40×	1.43×	1.40×	1.37×	1.12×	1.84×	1.36×	1.65×	1.38×	1.46×	1.07×	0.76×	0.44×	0.66×	0.79×
P/B at period end	3.31×	4.18×	4.64×	5.67×	6.41×	5.96×	5.78×	4.81×	5.32×	4.44×	4.04×	4.17×	3.83×	2.63×	2.01×	2.29×	1.96×	1.68×	2.51×	2.57×	2.57×	2.84×	2.28×	2.04×	2.60×	2.63×	2.73×	2.51×	4.26×	3.92×	5.33×	4.74×	5.39×	5.05×	4.69×	–	–	–
EV / EBITDA (TTM)	18.82×	23.08×	21.95×	22.91×	24.82×	25.28×	20.40×	16.41×	19.44×	16.94×	13.41×	14.11×	14.76×	26.15×	10.62×	12.22×	11.65×	10.35×	11.13×	11.30×	10.56×	12.41×	10.87×	9.73×	11.29×	7.95×	8.34×	6.99×	9.84×	8.63×	9.72×	8.60×	9.11×	8.13×	5.46×	4.54×	5.78×	–
EV / Sales (TTM)	4.22×	5.27×	5.29×	5.78×	6.64×	6.50×	5.36×	4.02×	4.60×	3.61×	3.14×	3.05×	3.14×	2.21×	1.97×	2.27×	2.11×	1.65×	2.40×	2.42×	2.10×	2.42×	1.91×	1.71×	1.83×	1.73×	1.78×	1.56×	2.29×	1.83×	2.06×	1.78×	1.83×	1.57×	1.04×	0.90×	1.21×	1.50×
Returns
Return on equity	12.0%	13.3%	16.8%	19.3%	16.0%	14.9%	18.8%	20.6%	17.9%	17.6%	19.6%	18.8%	16.2%	2.6%	12.8%	11.4%	8.9%	10.9%	13.3%	15.0%	13.3%	12.1%	10.5%	10.7%	8.2%	16.9%	16.5%	22.6%	24.6%	25.7%	30.0%	28.9%	30.2%	28.3%	42.9%	–	–	–
Return on invested capital	10.1%	10.4%	12.9%	14.0%	15.2%	15.7%	18.0%	18.6%	15.7%	13.1%	16.1%	16.7%	15.0%	2.9%	10.3%	10.1%	7.8%	8.3%	11.3%	11.4%	13.0%	10.3%	9.3%	8.7%	6.5%	12.0%	11.0%	12.0%	13.5%	13.6%	15.7%	15.8%	16.7%	14.2%	23.2%	24.9%	25.8%	37.0%
Dividend yield	1.6%	1.3%	1.2%	1.0%	0.9%	1.0%	1.1%	1.3%	1.1%	1.5%	1.7%	1.4%	1.2%	1.7%	1.8%	1.5%	1.6%	2.0%	1.3%	1.2%	1.2%	1.1%	1.4%	1.7%	1.6%	1.7%	1.8%	2.2%	1.4%	1.6%	1.3%	–	–	–	–	–	–	–
Financial health
Current ratio	2.86×	2.53×	2.89×	2.57×	3.50×	4.15×	3.52×	3.00×	2.78×	2.66×	2.79×	2.61×	3.25×	3.03×	3.06×	1.96×	2.38×	2.30×	3.20×	2.23×	2.27×	1.76×	1.94×	2.04×	2.46×	1.31×	2.33×	2.44×	2.54×	2.17×	2.25×	2.18×	2.71×	2.92×	2.35×	2.47×	2.47×	2.47×
Debt / equity	0.45×	0.52×	0.37×	0.48×	0.42×	0.41×	0.38×	0.43×	0.46×	0.66×	0.58×	0.58×	0.49×	0.54×	0.53×	0.38×	0.32×	0.47×	0.39×	0.37×	0.19×	0.32×	0.30×	0.48×	0.73×	0.65×	0.82×	0.99×	1.08×	1.39×	1.37×	1.45×	1.40×	2.38×	1.77×	(24.16×)	(5.36×)	(1.69×)
Effective tax rate	23.7%	21.1%	21.7%	21.7%	22.5%	19.7%	20.2%	22.4%	25.9%	26.4%	27.9%	28.8%	27.7%	56.3%	29.2%	32.2%	32.8%	33.9%	33.7%	33.8%	35.0%	35.5%	35.5%	35.5%	38.8%	37.2%	37.6%	38.0%	36.7%	36.4%	36.2%	36.0%	33.9%	35.0%	38.1%	39.1%	39.8%	42.8%
Share count
Diluted shares outstanding	75	76	76	76	76	76	76	78	77	77	78	81	82	84	84	82	81	82	82	81	79	77	75	73	70	69	68	68	68	67	67	66	65	63	53	48	43	55

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988
Revenue and gross profit
Revenue	$3,585	$3,458	$3,269	$3,274	$3,182	$2,765	$2,352	$2,495	$2,484	$2,287	$2,113	$2,021	$2,148	$2,024	$1,954	$1,838	$1,513	$1,330	$1,489	$1,359	$1,155	$1,043	$928	$798	$742	$727	$704	$655	$640	$552	$563	$487	$400	$309	$277	$228	$228	$221	$200
Cost of revenue	($1,983)	($1,919)	($1,824)	($1,827)	($1,755)	($1,540)	($1,324)	($1,370)	($1,366)	($1,261)	($1,182)	($1,116)	($1,198)	($1,151)	($1,151)	($1,100)	($895)	($807)	($892)	($762)	($653)	–	($536)	($489)	($461)	($463)	($401)	($375)	($364)	($313)	($330)	($286)	($233)	($178)	($161)	($138)	($139)	($132)	($158)
Gross profit	$1,603	$1,539	$1,445	$1,447	$1,427	$1,224	$1,027	$1,125	$1,118	$1,027	$931	$904	$949	$873	$804	$739	$618	$522	$597	$597	$502	–	$392	$309	$281	$264	$303	$280	$276	$239	$233	$201	$167	$130	$116	$91	$90	$89	$42
Operating expenses
Research and development	–	($70)	($67)	($68)	($61)	($50)	($48)	($56)	($48)	($42)	($39)	($34)	($37)	($33)	($36)	($36)	($32)	($30)	($30)	($28)	($25)	($24)	($21)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($848)	($819)	($759)	($704)	($653)	($578)	($495)	($525)	($537)	($525)	($492)	($474)	($504)	($478)	($444)	($422)	($358)	($325)	($343)	($313)	($260)	($233)	($221)	($199)	($181)	($165)	($150)	($140)	($133)	($111)	($112)	($98)	($84)	($68)	($63)	($47)	($44)	($43)	–
Total operating expenses	($861)	($840)	($768)	($714)	($676)	($588)	($507)	($546)	($549)	($524)	($518)	($467)	($518)	($478)	($675)	($434)	($369)	($338)	($391)	($341)	($285)	–	($243)	($199)	($181)	($190)	($186)	($175)	($166)	($136)	($135)	($115)	($98)	($80)	($74)	($52)	($49)	($47)	($5)
Total costs and expenses	($2,844)	($2,758)	($2,592)	($2,541)	($2,430)	($2,128)	($1,831)	($1,916)	($1,915)	($1,785)	($1,701)	($1,584)	($1,717)	($1,629)	($1,826)	($1,534)	($1,264)	($1,145)	($1,284)	($1,104)	($938)	($862)	($779)	($688)	($642)	($654)	($588)	($550)	($531)	($449)	($464)	($401)	($331)	($258)	($234)	($190)	($188)	($179)	($163)
Operating income	$742	$699	$677	$732	$751	$637	$521	$579	$569	$503	$412	$437	$431	$396	$128	$305	$249	$185	$206	$255	$217	$181	$149	$110	$100	$73	$117	$105	$110	$104	$98	$86	$69	$50	$43	$38	$40	$42	$37
Earnings
EBITDA	$820	$775	$746	$790	$802	$740	$604	$656	$608	$541	$450	$473	$465	$431	$165	$342	$281	$241	$237	$294	$248	$208	$181	$140	$130	$118	$153	$139	$143	$128	$120	$103	$83	$62	$53	$44	$45	$46	–
Interest income	–	($64)	($44)	($52)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($64)	($64)	($44)	($52)	($41)	($41)	($45)	($44)	($44)	($45)	($46)	($42)	($42)	($42)	($42)	($29)	($16)	($17)	($19)	($23)	($16)	($14)	($15)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$681	$633	$639	$760	$749	$580	$470	$533	$529	$455	$369	$392	$392	$353	$86	$274	$232	$169	$192	$235	$202	$169	$134	$97	$84	$53	$101	$87	$88	$84	$79	$71	$52	$38	$31	$26	$26	$25	$19
Income tax expense	($162)	($150)	($135)	($165)	($163)	($130)	($92)	($107)	($118)	($118)	($97)	($110)	($113)	($98)	($49)	($80)	($75)	($55)	($65)	($79)	($68)	($59)	($47)	($34)	($30)	($21)	($38)	($33)	($33)	($31)	($29)	($26)	($19)	($13)	($11)	($10)	($10)	($10)	($8)
Net income	$520	$483	$505	$596	$587	$449	$378	$426	$411	$337	$271	$283	$279	$255	$38	$194	$157	$113	$127	$155	$147	$110	$86	$62	$54	$33	$63	$54	$65	$59	$50	$45	$34	$25	$17	$16	$16	$15	$11
Per share
Diluted EPS (GAAP)	$6.95	$6.41	$6.64	$7.85	$7.71	$5.88	$4.94	$5.56	$5.29	$4.36	$3.53	$3.62	$3.45	$3.09	$0.45	$2.32	$1.90	$1.40	$1.53	$1.89	$1.81	$1.39	$1.12	$0.83	$0.74	$0.47	$0.92	$0.80	$0.92	$0.87	$0.75	$0.68	$0.51	$0.39	$0.26	$0.30	$0.32	$0.32	$0.20
Basic EPS (GAAP)	$6.97	$6.41	$6.66	$7.87	$7.74	$5.91	$4.98	$5.62	$5.36	$4.41	$3.57	$3.65	$3.48	$3.11	$0.45	$2.34	$1.93	$1.41	$1.55	$1.92	$1.84	$1.43	$1.15	$0.85	$0.76	$0.48	$0.95	$0.82	$0.94	$0.89	$0.77	$0.68	$0.51	$0.40	$0.26	$0.30	$0.32	$0.32	$0.20
Basic shares outstanding	75	75	76	76	76	76	76	76	76	76	76	77	80	82	83	82	80	80	81	81	80	77	75	73	71	68	67	66	66	66	65	67	66	64	63	53	48	43	55
Margins
Gross margin	44.7%	44.5%	44.2%	44.2%	44.8%	44.3%	43.7%	45.1%	45.0%	44.9%	44.0%	44.8%	44.2%	43.1%	41.1%	40.2%	40.9%	39.3%	40.1%	43.9%	43.5%	–	42.2%	38.8%	37.9%	36.3%	43.0%	42.7%	43.1%	43.3%	41.4%	41.2%	41.8%	42.2%	42.0%	39.7%	39.2%	40.2%	20.9%
Operating margin	20.7%	20.2%	20.7%	22.4%	23.6%	23.0%	22.1%	23.2%	22.9%	22.0%	19.5%	21.6%	20.1%	19.5%	6.6%	16.6%	16.5%	13.9%	13.8%	18.8%	18.8%	17.4%	16.1%	13.8%	13.5%	10.1%	16.5%	16.0%	17.1%	18.8%	17.5%	17.7%	17.2%	16.2%	15.4%	16.7%	17.7%	19.0%	18.5%
Net margin	14.5%	14.0%	15.4%	18.2%	18.4%	16.3%	16.1%	17.1%	16.5%	14.7%	12.8%	14.0%	13.0%	12.6%	1.9%	10.5%	10.4%	8.5%	8.5%	11.4%	12.7%	10.5%	9.3%	7.8%	7.3%	4.5%	9.0%	8.3%	10.1%	10.6%	8.9%	9.3%	8.4%	8.2%	6.0%	7.0%	6.9%	6.8%	5.3%

Analyst consensus

Buy29 analysts

Bearish · 0 · Hold · 14 · Bullish · 15

Earnings history

	EPS	Estimate
Q3 2024	$1.90	$1.89	Beat
Q4 2024	$2.04	$2.03	Beat
Q1 2025	$1.75	$1.64	Beat
Q2 2025	$2.07	$2.00	Beat
Q3 2025	$2.03	$1.93	Beat
Q4 2025	$2.10	$2.04	Beat
Q1 2026	$2.00	$1.77	Beat
Q2 2026	$2.32	$2.11	Beat

Peers

Company overview

IPO dateJun 2, 1989

CEOEric D. Ashleman

Employees8,700

SectorIndustrials

IndustryIndustrial - Machinery

CountryUS

ExchangeNew York Stock Exchange

Websitewww.idexcorp.com

IDEX Corporation is an international enterprise specializing in engineered solutions across diverse sectors. The company operates through three primary business units: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT division is responsible for the design, production, and distribution of a range of fluid-handling equipment, including positive displacement pumps, flow meters, and injectors, alongside offering flow monitoring and related services. Its applications span the food, chemical, general industrial, water management, agricultural, and energy industries. Under the HST umbrella, IDEX develops and supplies precision components and systems for health and scientific applications. This includes advanced fluidic devices, various types of pumps (rotary lobe, centrifugal, positive displacement), roll compaction and drying technologies, pneumatic components, and sealing solutions, as well as biocompatible medical devices, optical components, and precision photonic solutions. Key markets for this segment encompass food and beverage, pharmaceutical, cosmetics, marine, chemical, wastewater treatment, life sciences, research, and defense. Finally, the FSDP segment delivers critical equipment for emergency services, such as firefighting pumps, valves, rescue tools, and lifting bags. It also provides engineered stainless steel banding and clamping devices for industrial and commercial use, alongside specialized precision equipment for dispensing, metering, and mixing colorants and paints for retail and commercial clients. IDEX Corporation was founded in 1987 and maintains its headquarters in Northbrook, Illinois.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.