IDEX Corporation

IEX Industrials Specialty Industrial Machinery

IDEX Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, up 5.77% from fiscal 2024. In the quarter to June 2026, revenue grew 6.38%, EPS grew 11.5%, free cash flow grew 20.5% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.

235.55 0.87 −0.37%
Market cap
$17.4B
P/E
33.8×
Fwd P/E
30.5×
Dividend yield
1.23%
F-score
7/9
Altman Z
4.70
Beneish M
−2.51
Dividend safety
91/100

Insider Decisions trades per month

Total buys 0.10
Total sells 3.40
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — — — — — — — — — —
Sell — — — — — — 1 — — 1 — —
Insider Ownership 0.62%

Capital & Financial Ratios $m

Market Cap 17,430.00
Revenue 3,585.30
Net Income 519.30
Free Cash Flow 641.50
Net Debt 1,237.60
Current Ratio 3.05 (at or above 1.5: strong)
Debt/Equity 0.46 (at or below 0.5: strong)
P/E ratio 33.79
Fwd P/E 30.50
P/S ratio 4.86
P/B ratio 4.35
Past 5Y EPS Growth 5.35%
This Y EPS Growth 11.22%
Next Y EPS Growth 9.65%
Next Y revenue growth 6.75%
Next 5Y EPS Growth 9.34%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 83.93%
10-year low 10-year high
P/S against its own 10 years 59.16%
10-year low 10-year high
P/B against its own 10 years 26.43%
10-year low 10-year high
EV/Sales against its own 10 years 65.76%
10-year low 10-year high
EV/FCF against its own 10 years 67.56%
10-year low 10-year high

Dividends

Payout Ratio 0.42
Annual Dividend Rate 2.90
Annual Dividend Yield 1.23%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.90
0.71
0.73
0.73
0.73
2025 2.82
0.69
0.71
0.71
0.71
2024 2.71
0.64
0.69
0.69
0.69
2023 2.52
0.60
0.64
0.64
0.64
2022 2.34
0.54
0.60
0.60
0.60
2021 2.12
0.50
0.54
0.54
0.54
2020 2.00
0.50
0.50
0.50
0.50
2019 1.93
0.43
0.50
0.50
0.50
2018 1.66
0.37
0.43
0.43
0.43
2017 1.45
0.34
0.37
0.37
0.37
2016 1.34
0.32
0.34
0.34
0.34
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 534 621 580 621
Receivables 428 466 522 548
Inventory 421 430 479 520
Other 63 76 62 84
1,446 1,593 1,643 1,773
2023 2024 2025 Q'26
Payables 180 198 225 234
ST’ Debt 1 101 1 0
Other — — — —
500 630 575 582

Compound Annual Growth %

10y 5y 3y
Sales 5.52% 8.01% 2.81%
Cash Flow 6.56% 3.63% 6.87%
Earnings 5.50% 5.04% (6.28%)
Book Value 10.80% 9.65% 9.82%

Revenue $m

Mar Jun Sep Dec Year
’26 887 921 — — —
’25 814 865 879 899 3,458
’24 801 807 798 863 3,269
’23 845 846 793 789 3,274
’22 751 796 824 811 3,182
’21 652 686 712 715 2,765
’20 594 561 581 615 2,352
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 104 200 — — —
’25 106 162 204 210 680
’24 157 134 205 173 668
’23 148 141 227 201 717
’22 80 112 198 167 557
’21 109 136 157 163 565
’20 85 169 154 161 569
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 86 177 — — —
’25 91 147 189 190 617
’24 137 118 192 157 603
’23 121 120 207 179 627
’22 70 97 175 147 489
’21 95 120 142 136 493
’20 72 163 135 147 518
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.61 1.93 — — —
’25 1.26 1.74 1.70 1.71 6.41
’24 1.60 1.86 1.57 1.62 6.64
’23 1.84 1.82 2.75 1.43 7.85
’22 1.83 1.81 2.36 1.71 7.71
’21 1.48 1.34 1.51 1.55 5.88
’20 1.33 0.93 1.37 1.32 4.94
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 67.20 88.29 117.72 120.86 104.56 185.23 172.19 183.77 189.51 153.36

Analyst estimates 2026–2028

Powerpack
High 95.76 135.70 157.84 173.95 199.50 240.33 246.23 240.15 246.36 226.05
People
People Employees 7,158 7,167 7,352 7,439 7,075 7,536 8,868 8,800 9,000 8,700
Revenue/emp, $m 0.30 0.32 0.34 0.34 0.33 0.37 0.36 0.37 0.36 0.40
Income, $m
Income, $m Revenue 2,113 2,287 2,484 2,495 2,352 2,765 3,182 3,274 3,269 3,458
Gross margin, % 44.05 44.89 45.01 45.10 43.69 44.29 44.84 44.19 44.21 44.51
EBT 369 455 529 533 470 580 749 760 639 633
EBT margin, % 17.44 19.90 21.30 21.36 20.00 20.97 23.55 23.22 19.56 18.30
Net income 271 337 411 426 378 449 587 596 505 483
Depreciation 88 86 79 78 85 103 120 152 176 207
Per share, $
Per share, $ Revenue 27.88 30.00 32.50 33.00 31.06 36.38 42.03 43.31 43.18 45.92
Earnings 3.57 4.41 5.36 5.62 4.98 5.91 7.74 7.87 6.66 6.41
Cash flow 5.28 5.68 6.27 6.99 7.52 7.44 7.36 9.48 8.83 9.04
Capex (0.50) (0.50) (0.78) (0.67) (0.68) (0.96) (0.90) (1.19) (0.86) (0.84)
Free cash flow 4.77 5.18 5.49 6.31 6.84 6.48 6.47 8.29 7.97 8.19
Book value 20.37 24.75 26.10 29.94 33.56 36.88 40.15 46.84 50.12 53.47
Shares, m 76 76 76 76 76 76 76 76 76 75
Valuation, ×
Valuation, × P/E 25.55 29.86 23.51 30.55 39.84 40.05 29.61 27.33 31.47 27.72
P/S 3.27 4.39 3.88 5.21 6.41 6.50 5.46 4.97 4.85 3.88
P/B 4.48 5.32 4.84 5.75 5.94 6.41 5.72 4.59 4.18 3.33
EV/Sales 3.64 4.60 4.04 5.30 6.42 6.62 5.79 5.21 5.26 4.23
EV/FCF 21.27 26.64 23.68 27.70 29.16 37.18 37.66 27.20 28.50 23.73
Cash, $m
Cash, $m Operating cash flow 400 433 479 528 569 565 557 717 668 680
Capex (38) (38) (60) (51) (52) (73) (68) (90) (65) (64)
Free cash flow 362 395 420 477 518 493 489 627 603 617
Balance, $m
Balance, $m Working capital 514 643 728 904 1,258 1,198 856 946 963 1,068
Total debt 1,015 859 849 849 1,045 1,208 1,491 1,326 1,960 1,821
Net debt 779 483 382 217 19 353 1,061 791 1,339 1,241
Shareholders’ equity 1,544 1,887 1,995 2,263 2,540 2,803 3,040 3,541 3,794 4,026
Returns, %
Returns, % ROA 9.10 10.29 11.95 11.68 9.18 9.63 11.26 10.48 8.01 7.07
ROIC 11.09 13.26 14.96 14.59 12.72 12.61 11.45 10.57 8.24 8.30
ROE 18.15 19.66 21.16 19.99 15.73 16.82 20.09 18.12 13.77 12.36
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

IDEX Corporation vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DOV Dover Corporation $26.1B 23.4× 23.7× +6.85% (above 0%: growing) +14.29% (above 0%: growing) +22.65% (above 0%: growing) 40.21% 17.89% Compare
XYL Xylem Inc. $24.1B 24.8× 24.1× +1.52% (above 0%: growing) +19.35% (above 0%: growing) +1.93% (above 0%: growing) 41.22% 16.70% Compare
SYM Symbotic Inc. $24.1B 388× 193× +21.74% (above 0%: growing) n/m +22.12% (above 0%: growing) 22.32% 4.56% Compare
NDSN Nordson Corporation $18.3B 32.5× 27.9× +10.27% (above 0%: growing) +22.87% (above 0%: growing) +4.57% (above 0%: growing) 55.49% 27.28% Compare
ITT ITT Inc. $18.0B 38.7× 33.5× +51.49% (above 0%: growing) −37.91% (below 0%: shrinking) +18.06% (above 0%: growing) 34.63% 12.24% Compare
IEX IDEX Corporation $17.4B 33.8× 30.5× +6.38% (above 0%: growing) +11.49% (above 0%: growing) +20.49% (above 0%: growing) 46.36% 21.71%
GGG Graco Inc. $13.2B 25.3× 23.6× +3.28% (above 0%: growing) +15.58% (above 0%: growing) −1.13% (below 0%: shrinking) 53.67% 29.65% Compare
WTS Watts Water Technologies, Inc. $11.9B 31.1× 26.5× +18.56% (above 0%: growing) +17.28% (above 0%: growing) +53.95% (above 0%: growing) 49.02% 20.18% Compare
GNRC Generac Holdings Inc. $11.7B 43.7× 35.5× +10.59% (above 0%: growing) +92.13% (above 0%: growing) +336.44% (above 0%: growing) 44.47% 17.93% Compare
Median of peers $18.1B 31.8× 27.2× +10.43% +17.28% +20.09% 42.85% 17.91%

All 76 Specialty Industrial Machinery stocks →

IEX metrics, ten years each

IDEX Corporation (IEX) key facts

  • Concern: Net income was $482.5 million, or $6.41 per share (basic), a net margin of 14.0%.
  • Strength: IDEX Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, up 5.77% from fiscal 2024.
  • IDEX Corporation (IEX) is a Specialty Industrial Machinery company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, IEX traded at $235.55, a market capitalization of $17.4 billion.
  • At that price the stock trades at 33.8× trailing-twelve-month earnings and 4.9× sales; its P/E is higher than 84% of its own readings over the past ten years.
  • IDEX Corporation pays an annual dividend of $2.90 per share, a yield of 1.23%, with a payout ratio of 41.7%.
  • Return on equity was 12.4% and debt-to-equity 0.46.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.70 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

IDEX Corporation (IEX) Latest News

18 Aug

stockrow.com/IEX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com