— Know what they know.
/
Not Investment Advice

IEX

NYSE · USD
IDEX Corporation
Industrials · Industrial - Machinery
CEO Eric D. Ashleman Employees 8,700 R&D / revenue 0.0%
Last price
$235.55−0.37%last session
Market cap
$17.4B
P/E (TTM)
33.8x
From 52w high
−3.4%
From 52w low
+46.7%
1-year return
+44.7%
RSI 14 · vs SMA200
58.0 · +11.0%
IS score
67.0/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

IEX   SPY   XLI (sector ETF) · weekly closes
100110120130140150Jan 26Apr 26Jul 26Oct 26IEX 145SPY 116XLI 111

Score DNA

Each bar is a 0-100 score within the scored universe
57
Profitability
52
Growth
54
Value
81
Momentum
100
Risk (safety)
81
Quality
75
Balance sheet
79
Earnings quality

Flags

Strengths
✓ Piotroski 8+
Warnings
None of the computed warning flags fires for IEX (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Intangible AssetsPiotroski 8 / 9Altman Z 5.5Beta 0.972 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
3 open-market sales, $3.4M
Form 144 notices (12m): 3, $1.6M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+15
94 new holders, 69 closed
689 filers hold 102.2% · 254 added, 208 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+89
891 funds adding shares
802 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
51.7%
20-day avg 45.3%, 50-day avg 43.6%
Latest 6.4 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$3.5B
Revenue growth YoY+5.8%
Gross margin44.5%
Operating income$720.0M
Operating margin20.8%
Net income$483.2M
Net margin14.0%
EPS (diluted)$6.41
Cash flow
Operating cash flow$680.4M
Capital expenditure$63.6M
Free cash flow$616.8M
FCF conversion (FCF / OCF)90.7%
Stock-based compensation$27.3M
FCF less SBC$589.5M
Buybacks$247.8M
Dividends$212.6M
Balance sheet & returns
Cash & short-term investments$580.0M
Total debt$1.8B
Net debt$1.2B
Shareholders' equity$4.0B
Goodwill & intangibles$4.7B
Debt / equity0.47
ROE (TTM)12.9%
ROIC (TTM)8.9%
Operating margin by fiscal year
23.9%FY202124.8%FY202222.9%FY202321.3%FY202420.9%FY2025
Revenue $2.8B (FY2021) to $3.5B (FY2025), a 5.7% CAGR.

Valuation

P/E (TTM)33.8x
EV / EBITDA19.4x
Price / sales4.84x
Price / FCF27.1x
FCF yield3.69%
Buyback yield1.43%
SBC / revenue0.8%
Price / book4.35x
Forward P/E FY202626.6x
Forward P/E FY202724.3x
Forward P/E FY202822.7x
Forward multiples divide today's price by Street EPS estimates. Street mean target $261.43 across 7 analysts last quarter is theirs, not ours.

IEX vs industry median

328 companies in Industrial - Machinery
Gross margin 44.7% 31.0% Operating margin 20.8% 8.4% Net margin 14.5% 6.0% ROIC 8.9% 8.7%
IEX (TTM)Industry median Asset turnover 0.52 vs industry 0.76 · financial leverage 1.73

Earnings delivery

Next report 2026-10-28 · consensus EPS $2.24
100%
beat rate, 12 of 12 quarters
+4.3%
median EPS surprise
12
longest beat streak
+12+3+7+1+1+0+7+3+5+3+12+10
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-25 to 2026-07-29. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
IEX IDEX Corporation $17.4B33.8x12.9%14.5%+5.8% +44.7%
ITT ITT Inc. $17.7B38.8x11.5%5.8%+28.1% +16.3%
NDSN Nordson Corporation $18.0B32.5x17.8%18.7%+7.0% +39.4%
GGG Graco Inc. $13.3B25.4x21.2%24.5%+4.6% +1.9%
XYL Xylem Inc. $24.3B24.8x9.4%11.3%+4.5% −27.9%
LII Lennox International Inc. $12.4B16.1x70.5%17.4%−2.1% —
WTS Watts Water Technologies, In $11.9B31.1x18.8%15.5%+17.1% —
CR Crane Company $11.9B35.5x16.5%13.2%+13.8% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-09-03Material Agreement; Financial Obligation; Exhibits
2026-08-17Officer/Director Change
2026-07-29Earnings Release; Exhibits
2026-05-08Shareholder Vote; Exhibits
2026-04-29Earnings Release; Exhibits
2026-02-09Departure/Election of Directors; Appointment of Officers

Context

Shares outstanding73,719,900
Free float99.7%
Institutional ownership102.2%
Beta0.97
Dividend yield1.23%
Last dividend$0.73 on 2026-10-02
50 / 200-day average$230.73 / $213.45
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where IEX sits among 62 scored companies in Industrial - Machinery (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureIEXIndustry medianIndustry percentileSector median
P/E (TTM) 33.4x 29.1x
69th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 4.8x 2.4x
89th		 2.0x
Price / book 4.3x 3.7x
63rd		 2.9x
Price / tangible book —
Price / free cash flow 27.1x 22.0x
70th		 20.8x
Price / operating cash flow 24.2x 17.8x
79th		 14.5x
Enterprise value $18.6B $7.5B
74th		 $4.8B
EV / sales 5.2x 2.5x
85th		 2.4x
EV / EBITDA 19.4x 16.3x
70th		 13.6x
EV / EBIT 25.0x 21.3x
69th		 19.9x
EV / free cash flow 29.0x 26.6x
57th		 24.3x
Earnings yield 3.0% 3.2%
39th		 3.3%
FCF yield 3.7% 4.2%
36th		 3.8%
Operating cash flow yield 4.1% 5.4%
25th		 6.2%
Graham number (per share) $92.25 $37.80
78th		 $38.21

Profitability (TTM)

MeasureIEXIndustry medianIndustry percentileSector median
Gross margin 44.7% 35.6%
87th		 30.5%
EBITDA margin 26.7% 18.4%
92nd		 14.3%
Operating margin 20.8% 13.7%
87th		 9.8%
EBIT margin 20.8% 12.6%
90th		 9.9%
Net margin 14.5% 8.6%
84th		 6.0%
NOPAT margin 15.8% 10.7%
84th		 7.8%
FCF margin 17.9% 11.2%
87th		 7.0%
Operating cash flow margin 20.0% 14.1%
85th		 11.2%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 23.7% 18.6%
77th		 14.1%
Stock comp / revenue 0.8% 0.6%
63rd		 0.6%
Effective tax rate 23.8% 21.2%
72nd		 21.0%

Returns on capital

MeasureIEXIndustry medianIndustry percentileSector median
ROE (on average equity) 13.0% 12.8%
53rd		 11.9%
ROA 7.5% 6.1%
64th		 4.8%
ROIC 10.8% 10.9%
49th		 8.7%
ROCE 11.7% 10.9%
54th		 9.4%
Return on tangible assets 10.8% 9.0%
59th		 7.9%
Cash ROIC (OCF / invested capital) 13.6% 12.9%
55th		 12.8%
Gross profitability (GP / assets) 23.1% 24.7%
39th		 19.2%
ROIC, 3-yr average 9.3% 8.6%
54th		 7.8%
ROIC, 5-yr average 12.5% 11.3%
55th		 8.6%
ROE, 5-yr average 15.4% 14.1%
56th		 12.5%
Incremental ROIC —

Growth

MeasureIEXIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 7.3% 7.3%
50th		 8.6%
Revenue growth (QoQ) 3.8% 9.4%
16th		 9.9%
Revenue CAGR, 3 yr 2.5% 3.7%
39th		 5.0%
Revenue CAGR, 5 yr 7.2% 6.2%
58th		 8.3%
Gross profit CAGR, 3 yr 2.3% 6.5%
22nd		 6.5%
Operating income CAGR, 3 yr -2.7% 6.8%
18th		 6.4%
Net income growth (TTM YoY) 10.7% -2.3%
69th		 11.3%
Net income CAGR, 3 yr -4.0% 3.5%
33rd		 6.6%
EPS growth (TTM YoY) 12.9% -1.2%
69th		 13.3%
EPS CAGR, 3 yr -3.3% 3.8%
35th		 5.6%
EPS CAGR, 5 yr 5.0% 7.1%
37th		 8.3%
FCF growth (TTM YoY) 9.3% 9.0%
52nd		 14.7%
FCF CAGR, 3 yr 4.0% 14.6%
19th		 12.2%
Operating cash flow CAGR, 3 yr 3.1% 13.1%
23rd		 8.8%
Book value CAGR, 3 yr 7.7% 8.7%
43rd		 7.3%
Dividend CAGR, 3 yr 1.2% 2.3%
40th		 2.7%
Sustainable growth rate 7.6% 9.5%
39th		 11.0%

Margin history & stability

MeasureIEXIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 44.1% 35.7%
85th		 30.6%
Operating margin, 3-yr average 21.2% 13.7%
95th		 10.0%
Net margin, 3-yr average 15.6% 10.2%
90th		 6.2%
FCF margin, 3-yr average 18.5% 10.7%
95th		 7.1%
Revenue stability (0-1) 0.83 0.78
57th		 0.81
Earnings stability (0-1) 0.09 0.40
23rd		 0.47
Margin stability (0-1) 0.99 0.94
95th		 0.90

Liquidity (latest quarter)

MeasureIEXIndustry medianIndustry percentileSector median
Cash & short-term investments $621.3M $240.9M
77th		 $249.6M
Net cash (− = net debt) −$1.3B −$710.5M
41st		 −$666.5M
Working capital $1.2B $596.2M
82nd		 $376.4M
Current ratio 3.05 2.06
89th		 1.79
Quick ratio 2.15 1.20
90th		 1.33
Cash ratio (cash + ST investments / current liabilities) 1.07 0.30
90th		 0.32
Defensive interval (days) 497 days 495 days
52nd		 614 days

Leverage & solvency (latest quarter)

MeasureIEXIndustry medianIndustry percentileSector median
Total debt $1.9B $1.2B
62nd		 $919.8M
Debt / equity 0.47 0.55
38th		 0.65
Net debt / equity 0.32 0.43
37th		 0.46
Debt / assets 27.2% 26.8%
52nd		 29.3%
Debt / capital 32.0% 35.6%
38th		 39.5%
Debt / EBITDA 1.97 2.00
48th		 2.44
Net debt / EBITDA 1.32 1.61
38th		 1.86
Interest coverage (EBIT / interest) 11.7x 7.0x
64th		 5.0x
Cash interest coverage 11.2x 7.9x
70th		 6.1x
Debt payback (years of OCF) 2.6 yrs 2.6 yrs
50th		 3.2 yrs
Liabilities / assets 42.2% 50.7%
16th		 56.7%
IS credit model rating AA — —
Implied credit spread (bps) 80 125
10th		 200

Efficiency

MeasureIEXIndustry medianIndustry percentileSector median
Asset turnover 0.52 0.78
18th		 0.75
Fixed asset turnover 7.73 5.95
79th		 5.14
Inventory turnover 3.9 3.7
64th		 5.0
Receivables turnover 7.1 5.9
79th		 6.7
Days sales outstanding 51 days 61 days
21st		 54 days
Days inventory outstanding 93 days 99 days
36th		 72 days
Days payables outstanding 40 days 53 days
23rd		 41 days
Cash conversion cycle (days) 104 days 107 days
46th		 63 days
Capex / revenue 2.1% 2.1%
47th		 3.0%
Capex / depreciation 0.35 0.65
17th		 0.76
Operating expense ratio 24.6% 21.2%
72nd		 17.7%

Cash flow & earnings quality

MeasureIEXIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.38 1.42
44th		 1.50
FCF / net income 1.23 1.22
51st		 1.15
FCF / operating cash flow 89.5% 83.2%
77th		 74.0%
Capex / operating cash flow 10.5% 16.8%
23rd		 26.1%
Accruals ratio -2.9% -3.4%
61st		 -4.0%
Sloan accruals ratio -1.6% -1.5%
48th		 -2.4%
Earnings quality score (0-1) 1.00 1.00
25th		 1.00

Dividends & buybacks

MeasureIEXIndustry medianIndustry percentileSector median
Dividend yield 1.2% 0.9%
61st		 0.6%
Dividend per share (TTM) $2.90 $0.97
89th		 $0.44
Payout ratio (dividends / net income) 41.1% 29.1%
75th		 22.5%
Dividends / FCF 33.3% 24.6%
75th		 19.6%
Dividend growth (YoY) 3.4% 5.8%
35th		 5.6%
Buyback yield 1.7% 0.7%
69th		 0.5%
Shareholder yield (dividends + buybacks) 3.0% 2.2%
72nd		 2.0%
Share count change (YoY) -2.0% -0.1%
23rd		 0.0%
Buybacks, last 5 years $1.1B $147.1M
69th		 $76.0M

Scores & forensic checks

MeasureIEXIndustry medianIndustry percentileSector median
IS score 67 58
82nd		 53
IS profitability 57 45
69th		 37
IS growth 52 48
63rd		 54
IS value 54 48
69th		 47
IS momentum 81 73
73rd		 76
IS risk (safety) 100 100
48th		 80
IS quality 81 71
89th		 67
IS balance sheet 75 63
74th		 56
IS earnings quality 79 72
92nd		 70
IS cash flow 68 60
67th		 54
Piotroski F-score (0-9) 8 6
74th		 6
Altman Z-score 5.5 4.4
66th		 3.3
Beneish M-score −2.51 −2.55
57th		 −2.52
Ohlson O-score −8.87 −8.00
20th		 −7.49
IS credit score 89 76
90th		 65

Per share

MeasureIEXIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $7.00 $2.85
79th		 $2.21
Book value per share $54.02 $26.75
82nd		 $18.38
Tangible book per share −$7.30 $2.15
26th		 $4.39
Revenue per share $48.32 $46.23
51st		 $36.64
FCF per share $8.65 $4.10
79th		 $2.70
Operating cash flow per share $9.66 $4.77
77th		 $4.28
Cash per share $8.37 $3.39
84th		 $3.02

Size (TTM)

MeasureIEXIndustry medianIndustry percentileSector median
Market cap $17.4B $6.0B
74th		 $3.9B
Revenue $3.6B $2.7B
62nd		 $2.7B
EBITDA $957.8M $370.8M
75th		 $394.8M
Net income $519.5M $165.9M
72nd		 $136.3M
Free cash flow $641.5M $324.5M
72nd		 $162.9M
Total assets $6.9B $3.6B
70th		 $3.5B
Shareholders' equity $4.0B $1.6B
77th		 $1.4B
Employees 8,700 6,800
57th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-16Tereso Tara M.
Group Executive, HST
 Tax withholding 290$222.84$64,6245,408
2026-09-16Simmons William L.
Group Executive, FMT & FSDP
 Tax withholding 218$222.84$48,5792,674
2026-09-11Tereso Tara M.
Group Executive, HST
 Tax withholding 138$221.46$30,5615,698
2026-08-29Lausas Allison S
VP, Chief Accounting Officer
 Tax withholding 645$230.28$148,5313,302
2026-08-12Anderson Lisa M
SVP, GC, CAO & Corp Sec
 Option exercise 385$93.27$35,9094,712
2026-08-12Anderson Lisa M
SVP, GC, CAO & Corp Sec
 Open-market sale 385$238.59$91,8594,327
2026-08-12Anderson Lisa M
SVP, GC, CAO & Corp Sec
 Option exercise 385$93.27$35,9090
2026-05-11Ashleman Eric D
Director, CEO and President
 Option exercise 15,385$93.27$1.4M82,043
2026-05-11Ashleman Eric D
Director, CEO and President
 Open-market sale 10,470$214.95$2.3M71,573
2026-05-11Ashleman Eric D
Director, CEO and President
 Open-market sale 4,915$215.81$1.1M66,658
2026-05-11Ashleman Eric D
Director, CEO and President
 Option exercise 15,385$93.27$1.4M0
2026-05-06Watts Stanfield Paris
Director
 Award / grant 805——4,195

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MayAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired97,475—
Open-market saleDisposed315,770$3.4M
Option exerciseDisposed215,770$1.5M
Option exerciseAcquired215,770$1.5M
Tax withholdingDisposed41,291$292,295
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 3 notices · 18,844 shares · $1.6M
FiledFilerShares proposedEst. proceeds
2026-08-12Lisa Anderson385$91,832
2026-03-04Roopa Unnikrishnan4,309$880,818
2026-02-06Melissa Flores14,150$674,917
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 1 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2025-10-30Lisa C. McClainHouseSale (Full)$1,001 - $15,0002025-11-24
2025-08-04Lisa McClainHousePurchase$1,001 - $15,0002025-09-15
2025-08-03Lisa C. McClainHousePurchase$1,001 - $15,0002025-09-15
2025-03-31Jefferson ShreveHouseSale$15,001 - $50,0002025-04-14
2024-04-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-05-15
2024-04-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-05-14
2024-04-03Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002024-05-14
2021-03-29Tommy TubervilleSenatePurchase$1,001 - $15,0002021-07-23
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.5,734,272$1.3B7.78%
VANGUARD CAPITAL MANAGEMENT LLC4,844,404$1.1B6.57%
VANGUARD PORTFOLIO MANAGEMENT LLC3,734,233$847.5M5.07%
STATE STREET CORP3,317,393$752.9M4.50%
PRIMECAP MANAGEMENT CO/CA/3,300,072$749.0M4.48%
GEODE CAPITAL MANAGEMENT, LLC2,097,826$474.3M2.85%
NORDEA INVESTMENT MANAGEMENT AB1,842,144$419.0M2.50%
VICTORY CAPITAL MANAGEMENT INC1,526,370$346.4M2.07%
Invesco Ltd.1,500,523$340.5M2.04%
Amundi1,458,979$331.0M1.98%
Pictet Asset Management Holding SA1,258,476$285.6M1.71%
WELLINGTON MANAGEMENT GROUP LLP1,139,217$258.5M1.55%
MORGAN STANLEY1,100,186$249.7M1.49%
Impax Asset Management Group plc962,000$218.3M1.30%
NORGES BANK916,538$208.0M1.24%

Institutional ownership by quarter

2023-092026-06102.2%
% of shares held by 13F filers
2023-092026-06689
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-30689102.2%9425420869
2026-03-31674101.2%11323020853
2025-12-31626104.2%9519322586
2025-09-30632102.1%8120525282
2025-06-30641104.2%8026621169
2025-03-31636101.6%8522222465
2024-12-31625101.3%8121021755
2024-09-30609100.0%7020622885
2024-06-3062999.7%7424619958
2024-03-3162398.7%5522522444
2023-12-31618100.0%8519924068
2023-09-3061299.9%5220524267

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-15SCHEDULE 13G/AWellington Investment Advisors Holdings LLP2.3%1,738,531
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%5,588,265
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-08-12SCHEDULE 13G/AWellington Management Company LLP8.0%6,266,233
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$531.7M
VSMPX0.02%$531.7M
VTSAX0.02%$531.7M
VTI0.02%$531.7M
VFINX0.03%$441.1M
VFIAX0.03%$441.1M

Share structure

Shares outstanding73,719,900
Float73,535,232
Free float99.7%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$2.8B$3.2B$3.3B$3.3B$3.5B
Cost of revenue$1.4B$1.6B$1.7B$1.8B$1.9B
Gross profit$1.4B$1.6B$1.6B$1.5B$1.5B
R&D$133.0M$156.8M$175.9M$178.6M$0
SG&A$573.2M$648.1M$696.2M$749.0M$818.8M
Operating income$654.0M$789.5M$750.7M$696.9M$720.0M
EBITDA$720.5M$909.8M$964.1M$859.4M$903.5M
Pretax income$579.8M$749.4M$760.3M$639.3M$632.6M
Income tax$130.5M$162.7M$164.7M$134.7M$150.1M
Net income$449.4M$586.9M$596.1M$505.0M$483.2M
EPS, diluted$5.88$7.72$7.85$6.64$6.41
Diluted shares76.4M76.0M75.9M75.9M75.3M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$900.7M$430.2M$534.3M$620.8M$580.0M
Receivables$356.4M$442.8M$427.8M$465.9M$521.7M
Inventory$370.4M$470.9M$420.8M$429.7M$479.4M
Total current assets$1.7B$1.4B$1.4B$1.6B$1.6B
PP&E, net$327.3M$382.1M$548.6M$460.4M$468.0M
Goodwill & intangibles$2.8B$3.6B$3.9B$4.5B$4.7B
Total assets$4.9B$5.5B$5.9B$6.7B$6.9B
Accounts payable$178.8M$208.9M$179.7M$197.8M$224.7M
Total current liabilities$480.0M$543.6M$500.3M$629.7M$575.4M
Long-term debt$1.2B$1.5B$1.3B$1.9B$1.8B
Total liabilities$2.1B$2.5B$2.3B$3.0B$2.9B
Shareholders' equity$2.8B$3.0B$3.5B$3.8B$4.0B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$449.3M$586.7M$595.6M$504.6M$482.5M
Depreciation & amortization$103.0M$119.7M$152.1M$175.6M$206.5M
Stock-based compensation$20.4M$21.6M$21.8M$25.8M$27.3M
Change in working capital−$18.0M−$135.4M$32.8M−$17.0M−$49.4M
Operating cash flow$565.3M$557.4M$716.7M$668.1M$680.4M
Capital expenditure−$72.7M−$68.0M−$89.9M−$65.1M−$63.6M
Free cash flow$492.6M$489.4M$626.8M$603.0M$616.8M
Investing cash flow−$698.1M−$917.2M−$283.8M−$1.0B−$137.6M
Net debt issued / repaid$149.3M$275.4M−$150.0M$656.9M−$170.9M
Buybacks$0−$148.1M−$24.2M$0−$247.8M
Dividends paid−$161.1M−$177.4M−$190.7M−$205.3M−$212.6M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin44.6%45.1%44.2%43.2%44.5%
Operating margin23.9%24.8%22.9%21.3%20.9%
Net margin16.3%18.4%18.2%15.4%14.0%
FCF margin17.8%15.4%19.1%18.4%17.8%
ROE16.8%20.1%18.1%13.8%12.4%
ROIC16.0%14.7%13.2%10.7%10.5%
ROA9.6%11.3%10.5%8.0%7.1%
Debt / equity0.460.520.410.520.45
Interest coverage16.3x19.4x15.7x15.4x10.8x
Current ratio3.502.572.892.532.86
Revenue growth+17.6%+15.1%+2.9%−0.2%+5.8%
EPS growth+18.8%+31.6%+1.7%−15.4%−2.9%
P/E at year end38.2x28.4x26.8x31.0x27.5x
EV / EBITDA at year end24.4x19.6x17.5x19.8x16.1x
FCF yield at year end2.87%2.94%3.92%3.85%4.63%
Dividend payout35.8%30.2%32.0%40.7%44.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Health And Science Technologies$1.1B$1.3B$1.3B$1.3B$1.5B
Fluid And Metering Technologies$998.7M$1.2B$1.2B$1.2B$1.2B
Fire And Safety Diversified Products$647.9M$679.2M$718.8M$744.3M$745.3M

Revenue by region · FY2025

UNITED STATES$1.8B · 53%
Europe$846.2M · 26%
Asia$563.0M · 17%
North America, Excluding United States$129.7M · 4%

Street estimates by fiscal year

Next report 2026-10-28 · consensus EPS $2.24 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$3.7B$3.6B – $3.7B$8.84$8.72 – $8.93926.6x
2027$3.9B$3.8B – $4.0B$9.69$9.30 – $10.21924.3x
2028$4.1B$3.9B – $4.3B$10.39$9.39 – $11.43322.7x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-29$2.11$2.32+10.0%$905.4M$920.6M+1.7%
2026-04-29$1.78$2.00+12.4%$845.6M$886.9M+4.9%
2026-02-04$2.04$2.10+2.9%$882.3M$899.1M+1.9%
2025-10-29$1.93$2.03+5.2%$861.4M$878.7M+2.0%
2025-07-30$2.00$2.07+3.5%$872.0M$865.4M−0.8%
2025-05-01$1.64$1.75+6.7%$806.3M$814.3M+1.0%
2025-02-04$2.03$2.04+0.5%$866.1M$862.9M−0.4%
2024-10-29$1.89$1.90+0.5%$793.0M$798.2M+0.6%
2024-07-31$2.04$2.06+1.0%$828.1M$807.2M−2.5%
2024-04-23$1.76$1.88+6.8%$807.5M$800.5M−0.9%
2024-02-06$1.78$1.83+2.8%$835.0M$788.9M−5.5%
2023-10-25$1.89$2.12+12.2%$794.5M$793.4M−0.1%
2023-07-26$2.11$2.18+3.3%$851.4M$846.2M−0.6%
2023-04-26$2.02$2.09+3.5%$818.5M$845.4M+3.3%
2023-01-31$1.98$2.01+1.5%$773.1M$810.7M+4.9%
2022-10-25$2.00$2.14+7.0%$780.4M$824.0M+5.6%
2022-07-26$1.89$2.02+6.9%$766.0M$796.1M+3.9%
2022-04-26$1.74$1.96+12.6%$716.8M$751.1M+4.8%
2022-02-01$1.58$1.55−1.9%$708.5M$714.8M+0.9%
2021-10-26$1.59$1.63+2.5%$702.6M$712.0M+1.3%
2021-07-27$1.62$1.61−0.6%$701.2M$685.9M−2.2%
2021-04-27$1.41$1.51+7.1%$632.1M$652.0M+3.1%
2021-02-03$1.31$1.37+4.6%$581.7M$614.8M+5.7%
2020-10-27$1.20$1.40+16.7%$498.1M$581.1M+16.7%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.206-220.106-290.207-060.307-130.207-200.507-270.208-030.208-100.208-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$181.2M806,67032,268
2026-08-24$187.8M806,56129,273
2026-08-17$215.1M914,39434,742
2026-08-10$224.7M945,64832,325
2026-08-03$221.1M938,52942,593
2026-07-27$512.4M2,231,24958,072

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1551.7%
DateShort shareShort volumeTotal volume
2026-10-1551.7%157,578304,832
2026-10-1447.1%106,093225,354
2026-10-1333.7%104,621310,047
2026-10-1233.3%73,137219,424
2026-10-0928.7%64,075223,622
2026-10-0834.7%127,403367,502
2026-10-0753.5%151,000282,126
2026-10-0647.2%98,212208,279
2026-10-0553.3%135,712254,380
2026-10-0240.5%99,297245,475
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.2Jan-0.5Feb+2.2Mar+2.4Apr-0.0May+0.5Jun+2.8Jul-0.4Aug-0.6Sep+0.9Oct+4.0Nov+1.4Dec
MonthAvg returnUp yearsYears
Jan+0.2%45%20
Feb−0.5%60%20
Mar+2.2%67%21
Apr+2.4%60%20
May−0.0%55%20
Jun+0.5%45%20
Jul+2.8%60%20
Aug−0.4%50%20
Sep−0.6%60%20
Oct+0.9%65%20
Nov+4.0%95%20
Dec+1.4%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1458.0
MFI53.0
ADX15.8
Stochastic %K / %D75.9 / 80.8
Williams %R-35.1
CCI78
TSI / signal18.8 / 12.0
Chaikin money flow0.03
ATR$4.76
Bollinger width7.5%
Volume vs 20-day avg0.97x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$231.82 (+1.6%)
SMA 50$230.20 (+2.3%)
SMA 200$212.29 (+11.0%)
EMA 21$232.47 (+1.3%)
EMA 50$229.47 (+2.6%)
EMA 200$213.66 (+10.2%)
Bollinger upper$240.52 (−2.1%)
Bollinger lower$223.12 (+5.6%)
Parabolic SAR$229.17 (+2.8%)
Open the live chart, 110+ indicators

About IDEX Corporation

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.

https://www.idexcorp.com

Key executives

NameTitlePayBorn
Eric D. AshlemanChief Executive Officer, President & Director$2.7M1967
Lisa AndersonSenior VP, General Counsel, Chief Administrative Officer & Corporate Secretary$960,0121977
Akhil MahendraVice President of Corporate Development$940,5141981
Sean GillenSenior Vice President & Chief Financial Officer$937,8141986
Allison S. LausasVice President & Chief Accounting Officer$606,1051980
Eric BergVP, Associate General Counsel & Chief Compliance Officer——
James GiannakourosVice President of Investor Relations——
Mark SpencerVice President of Global Communications——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Eric D. Ashleman, Chief Executive Officer and President2025$1.1M$4.9M$1.3M$9.1M
Lisa M. Anderson, Senior Vice President, General Counsel, Chief Administrative Officer, and Corporate Secretary2025$508,269$650,555$356,895$1.8M
Abhishek Khandelwal, Former Senior Vice President and Chief Financial Officer2025$267,242$1.1M$0$1.8M
Roopa Unnikrishnan, Former Senior Vice President, Chief Strategy and Innovation Officer2025$452,519$527,681$270,567$1.5M
Akhil Mahendra, Interim Chief Financial Officer and Vice President, Corporate Development2025$403,458$744,984$199,467$1.5M
Melissa S. Flores, Former Senior Vice President and Chief Human Resources Officer2025$454,215$548,834$0$1.3M

Employees

7k20187k20197k20208k20219k20229k20239k20249k2025

Dividends

Ex-dateAmountPaid
2026-10-02$0.732026-10-16
2026-07-06$0.732026-07-24
2026-05-22$0.732026-06-05
2026-01-16$0.712026-01-30
2025-10-10$0.712025-10-24
2025-07-11$0.712025-07-25
2025-05-19$0.712025-05-30
2025-01-17$0.692025-01-31

Moat model

Weak · Intangible Assets · 2026-06-30
Cost advantage62
Intangibles68
Switching costs52
Network effect32
Efficient scale50
Our component scores (0-100) and overall 54.7; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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