Saturday 17 October 2026
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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%
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Target Price Range
Analyst price targets
Free accountTen 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 |
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| 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.
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% |
IEX metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
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.