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IDEX Corporation IEX SPX

Industrials · Specialty Industrial Machinery · United States
https://www.idexcorp.com

IDEX Corporation, together with its subsidiaries, provides applied solutions in the United States, North America, Europe, Asia, and internationally. It operates through three segments: Health & Science Technologies (HST), Fluid & Metering Technologies (FMT) and Fire & Safety/Diversified Products (FSDP). The HST segment designs, produces, and distributes a range of precision fluidics, positive displacement pumps, powder and liquid processing technologies, drying systems, micro-precision components, pneumatic components and sealing solutions, high performance molded and extruded sealing components, and custom mechanical and shaft seals. This segment also offers engineered hygienic mixers and valves, biocompatible medical devices and implantable products, air compressors and blowers, optical components and coatings, ultra-precision diamond tools, and laboratory and commercial equipment, as well as precision photonic solutions, technical ceramics, hermetic sealing products, porous material structures, and flow control solutions. The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, other fluid-handling pump modules, and systems; and provides flow monitoring and other services. The FSDP segment designs, produces, and distributes firefighting pumps, valves and controls, and rescue tools; lifting bags and other components and systems; engineered stainless steel banding and clamping devices; and precision equipment for dispensing, metering, and mixing colorants and paints. The company was incorporated in 1987 and is headquartered in Northbrook, Illinois.

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$210.83
+18.34% 1Y

Market & Price

Market Cap
$15.60B
Current Price
$210.83
High / Low (52W)
$217.42 / $155.73
Beta
1.01

Valuation

Stock P/E
31.14
Industry PE
28.38
Forward P/E
22.85
PEG Ratio
1.80
Book Value
$54.51
Price to Book
3.87
P/S
4.42
EV/EBITDA
17.78
Dividend Yield
1.39%

Profitability & Returns

ROCE
10.97%
ROE
12.75%
ROA
6.76%
Profit Margin
14.38%
Op Margin
19.89%
EPS (Latest Qtr)
$1.61
EPS (TTM)
$6.77

Balance Sheet & Liquidity

Debt/Equity
0.47
Quick Ratio
2.25
Current Ratio
3.39
Debt
$1.90B
Total Assets
$6.93B
Current Assets
$1.64B
Working Capital
$1.07B

Ownership

Promoter Holding
0.22%
Chg in Prom Hold
-
FII / Inst Holding
106.23%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$16.92B
Total Revenue (TTM)
$3.53B
EBITDA
$951.60M
Free Cash Flow
$525.02M
Operating Cash Flow
$678.40M
Shares Outstanding
74.02M
Gross Margin
44.44%
Payout Ratio
42.01%

Growth (CAGR)

Revenue 5Y
2.81%
Profit 5Y
-6.28%
Revenue (YoY)
8.90%
Earnings (YoY)
27.80%

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Earnings shrank at -6.3% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 IEX IDEX Corporation SPX 210.83 31.14 $15.60B 1.39% 10.97% 12.75% 2.81% -6.28%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ----------612.32M634.36M622.89M-622.23M642.10M624.25M-594.46M561.25M581.11M-652.00M686.00M712.00M751.10M796.10M824.00M845.40M846.20M793.40M800.50M807.20M--814.30M865.40M878.70M899.10M886.90M
Cost of Revenue -----------------------------------445.40M473.20M488.10M512.00M488.80M
Gross Profit 223.26M223.40M223.34M244.06M230.89M232.49M250.94M256.93M257.93M260.88M276.65M287.37M280.23M273.64M283.83M292.34M281.98M266.88M271.96M234.80M251.50M269.17M292.60M306.10M311.60M342.50M356.90M381.80M382.50M378.00M349.60M357.40M366.80M--368.90M392.20M390.60M387.10M398.10M
Operating Expenses -----------------------------------209.40M203.60M204.70M201.10M218.30M
Operating Income 121.81M98.26M103.34M113.82M109.71M85.52M115.67M125.13M126.50M135.25M136.68M147.83M145.13M139.44M147.78M155.28M141.76M134.17M139.94M110.59M131.21M138.97M155.50M158.30M161.20M187.60M186.60M202.20M192.30M200.10M179.60M161.20M182.70M--159.50M188.60M185.90M186.00M179.80M
EBITDA -----------------------------------190.50M236.50M239.10M237.40M226.70M
Interest Expense -----------------------------------16.10M15.60M16.50M16.20M16.00M
Pretax Income -----------------------------------124.50M169.90M170.50M167.70M157.00M
Tax Provision -----------------------------------29.10M38.80M42.80M39.40M37.10M
Net Income 79.50M67.76M68.13M75.76M69.87M57.35M75.90M83.84M83.77M93.75M98.96M107.13M106.35M98.14M110.27M113.21M105.19M96.85M102.00M70.86M103.85M101.07M112.70M102.20M115.70M140.00M138.20M178.70M139.80M138.60M209.10M121.40M141.30M--95.50M131.60M127.80M128.30M120.00M
Diluted EPS 1.020.880.890.990.910.750.991.081.081.211.271.381.371.271.441.481.371.261.330.931.371.321.481.341.511.831.812.361.841.822.751.601.86--1.261.741.701.711.61

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ----------2.48B2.49B2.35B2.76B3.18B3.27B3.27B3.46B
Cost of Revenue --------------1.75B1.83B1.82B1.92B
Gross Profit 597.43M522.39M618.48M738.67M803.70M873.36M949.32M904.32M930.77M1.03B1.12B1.12B1.03B1.22B1.43B1.45B1.45B1.54B
Operating Expenses --------------652.70M703.50M758.70M818.80M
Operating Income 205.96M184.85M249.12M304.66M128.22M395.51M431.22M436.99M412.40M502.56M569.09M579.00M520.70M637.00M774.20M743.40M686.50M720.00M
EBITDA --------------909.80M964.10M859.40M903.50M
Interest Expense --------------40.70M51.70M44.50M64.40M
Pretax Income --------------749.40M760.30M639.30M632.60M
Tax Provision --------------162.70M164.70M134.70M150.10M
Net Income 127.03M113.39M157.10M193.86M37.63M255.22M279.39M282.81M271.11M337.26M410.57M425.50M377.80M449.40M586.90M596.10M505.00M483.20M
Diluted EPS 1.531.401.902.320.453.093.453.623.534.365.295.564.945.887.717.856.646.41
R&D Expense -29.60M31.80M36.00M36.40M33.00M36.80M33.60M39.40M42.40M48.00M56.40M48.20M50.10M61.40M68.40M67.40M70.00M

Compounded Sales Growth

5 Years:2.81%
1 Year:8.90%

Compounded Profit Growth

5 Years:-6.28%
1 Year:27.80%

Stock Price Performance

1 Year:+18.34%
6 Months:+22.29%
3 Months:+1.01%
1 Month:-2.65%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --2.10B2.38B2.84B2.79B2.88B2.90B2.81B3.15B3.40B3.47B3.81B4.41B-5.51B5.87B6.75B6.93B
Current Assets ---------------1.40B1.45B1.59B1.64B
Cash & Equivalents 102.76M61.35M73.53M235.14M230.26M318.86M439.63M509.14M328.02M235.96M375.95M466.41M632.58M1.03B-430.20M534.30M620.80M580.00M
Inventory ---------------470.90M420.80M429.70M479.40M
Receivables ---------------431.30M419.00M443.20M477.10M
Total Liabilities --830.05M1.01B1.32B1.32B1.31B1.42B1.36B1.61B1.51B1.48B1.55B1.87B-2.47B2.32B2.95B2.90B
Current Liabilities --189.68M353.67M258.28M291.43M304.61M411.97M309.60M309.16M360.98M364.66M357.88M399.00M-543.60M500.30M629.70M575.40M
Long Term Debt --391.75M408.45M806.37M779.24M772.00M760.40M839.71M1.01B858.79M848.34M848.86M1.04B-1.47B1.33B1.86B1.82B
Total Debt ---------------1.59B1.35B1.99B1.85B
Total Equity 1.14B1.14B1.27B1.38B1.51B1.46B1.57B1.49B1.44B1.54B1.89B1.99B2.26B2.54B-3.04B3.54B3.79B4.03B
Shares Outstanding ---------------90.06M90.07M90.10M90.10M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 223.06M212.53M184.48M217.24M326.18M401.52M367.96M360.32M399.92M432.75M479.35M528.10M569.30M-557.40M716.70M668.10M680.40M
Investing Cash Flow -280.66M-19.62M-122.31M-469.54M-105.27M-68.16M-72.26M-210.49M-509.20M-54.75M-81.43M-137.00M-172.60M--917.20M-283.80M-1.01B-137.60M
Financing Cash Flow 22.68M-184.98M95.52M253.41M-136.49M-219.04M-184.07M-295.53M46.55M-277.42M-290.01M-227.60M-42.60M--37.80M-344.70M465.90M-632.60M
Capital Expenditure -27.84M-25.06M-31.74M-35.17M-35.81M-31.54M-48.00M-43.78M-38.24M-43.86M-56.09M-50.90M-51.60M--68.00M-89.90M-65.10M-63.60M
Free Cash Flow 195.22M187.47M152.74M182.07M290.37M369.99M319.96M316.55M361.68M388.89M423.26M477.20M517.70M-489.40M626.80M603.00M616.80M
Net Change in Cash ---------------397.60M88.20M127.50M-89.80M
Share Buybacks 50.00M--089.56M167.50M219.89M210.82M57.27M29.07M173.93M54.70M110.30M0148.10M24.20M0247.80M

Ratios (Annual)

Figures in %.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ----------45.0%45.1%43.7%44.3%44.8%44.2%44.2%44.5%
Operating Margin % ----------22.9%23.2%22.1%23.0%24.3%22.7%21.0%20.8%
Net Margin % ----------16.5%17.1%16.1%16.3%18.4%18.2%15.4%14.0%
ROE % 11.1%8.9%11.4%12.8%2.6%16.2%18.8%19.6%17.6%17.9%20.6%18.8%14.9%-19.3%16.8%13.3%12.0%
ROCE % -9.7%12.3%11.8%5.1%15.4%17.3%17.5%14.5%16.5%18.3%16.8%13.0%-15.6%13.9%11.2%11.3%

Shareholding Pattern

Insiders
0.22%
Institutions
106.23%
Public Float
106.47%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 7.67% 5.68M $1.20B
2 Vanguard Capital Management LLC 6.56% 4.85M $1.02B
3 Vanguard Portfolio Management LLC 5.09% 3.77M $794.55M
4 Primecap Management Company 4.46% 3.30M $696.36M
5 State Street Corporation 4.33% 3.21M $675.79M
6 Morgan Stanley 4.19% 3.10M $653.39M
7 Geode Capital Management, LLC 2.82% 2.09M $440.80M
8 Millennium Management Llc 2.70% 2.00M $420.80M
9 Nordea Investment Management AB 2.53% 1.87M $394.98M
10 Wellington Management Group, LLP 2.35% 1.74M $366.53M

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