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IEX

IDEX Corporation

IEX

IDEX Corporation • NYSE
$173.93 ▲ 0.10% (+0.17)
Market Cap $13.13 B
52w High $231.93
52w Low $153.36
Dividend Yield 2.82%
P/E 27.56
Volume 240.69K
Outstanding Shares 75.48M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $878.7M ▲ $204.8M ▲ $127.8M ▼ 14.544% ▼ $1.7 ▼ $239.1M ▲
Q2-2025 $865.4M ▲ $202M ▼ $131.6M ▲ 15.207% ▲ $1.74 ▲ $236.5M ▲
Q1-2025 $814.3M ▼ $208.7M ▲ $95.5M ▼ 11.728% ▼ $1.26 ▼ $190.5M ▼
Q4-2024 $862.9M ▲ $164.7M ▼ $123.2M ▲ 14.277% ▼ $1.62 ▲ $218.6M ▲
Q3-2024 $798.2M $177.4M $119.1M 14.921% $1.57 $208.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $593.8M ▲ $6.97B ▲ $2.96B ▲ $4.011B ▼
Q2-2025 $568.2M ▼ $6.876B ▲ $2.866B ▼ $4.012B ▲
Q1-2025 $594.1M ▼ $6.795B ▲ $2.889B ▼ $3.907B ▲
Q4-2024 $620.8M ▼ $6.745B ▼ $2.951B ▼ $3.795B ▼
Q3-2024 $633.2M $6.968B $3.149B $3.819B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $127.8M ▼ $203.5M ▲ $-95.5M ▼ $-75.7M ▲ $29.7M ▲ $188.7M ▲
Q2-2025 $131.1M ▲ $161.7M ▲ $-14.5M ▼ $-215.9M ▼ $-42.2M ▼ $146.9M ▲
Q1-2025 $95.4M ▼ $105.7M ▼ $-10M ▲ $-133.3M ▲ $-26.7M ▼ $91.4M ▼
Q4-2024 $123.2M ▲ $172.6M ▼ $-14.7M ▲ $-140.8M ▼ $-12.4M ▲ $157.1M ▼
Q3-2024 $118.9M $205.3M $-1.004B $724.9M $-49.4M $191.6M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Fire And Safety Diversified Products
Fire And Safety Diversified Products
 $190.00M ▲$180.00M ▼$190.00M ▲$180.00M ▼
Fluid And Metering Technologies
Fluid And Metering Technologies
 $300.00M ▲$290.00M ▼$310.00M ▲$320.00M ▲
Health And Science Technologies
Health And Science Technologies
 $370.00M ▲$340.00M ▼$370.00M ▲$380.00M ▲

Five-Year Company Overview

Income Statement

Income Statement IDEX shows a long-run pattern of healthy growth, but the last couple of years look more like a pause than a push forward. Sales climbed steadily coming out of 2020 and then flattened recently. Profitability is still solid but has slipped from its peak, suggesting some margin pressure, likely from costs, mix, or softer demand in certain end markets. Overall, it looks like a mature, high‑quality business going through a period of earnings digestion rather than structural deterioration, but the recent downtrend in profit versus flat sales is a key area to watch.

Balance Sheet

Balance Sheet The balance sheet appears robust and deliberately used. Total assets and shareholders’ equity have been rising, pointing to ongoing investment and value build‑up over time. Debt has also moved higher, which likely reflects funding for acquisitions and growth rather than distress. Cash levels dipped a few years ago and have since improved but remain below prior peaks, implying tighter but still manageable liquidity. In simple terms, the company looks financially solid, with moderate use of leverage and a clear tilt toward growth and acquisitions.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has been consistently strong and comfortably above the company’s regular investment spending. Free cash flow has remained positive through the entire period and has generally trended upward, which supports dividends, debt service, and acquisitions without obvious strain. Capital spending looks disciplined and stable rather than aggressive, suggesting a focus on high‑return, targeted projects. The pattern here fits a cash‑rich, capital‑efficient industrial rather than a cash‑hungry one.

Competitive Edge

Competitive Edge IDEX competes mainly in specialized, mission‑critical niches rather than broad commodity markets. Many of its components are deeply integrated into customers’ systems, which makes switching suppliers risky and costly. That creates strong customer stickiness and gives IDEX meaningful pricing power. The company often targets leadership positions in narrow markets and supplements this with aftermarket service and support, creating recurring revenue. Its portfolio is also diversified across industrial, life sciences, safety, and other end markets, which helps soften the impact of downturns in any single area. Key risks include the cyclical nature of industrial demand and ongoing execution on acquisitions and integration.

Innovation and R&D

Innovation and R&D Innovation at IDEX is less about flashy consumer products and more about precise, high‑value technologies embedded in customer equipment. The company invests in areas like microfluidics, advanced pumps and valves, optical components, and smart fire‑safety systems. It also uses acquisitions to buy specialized know‑how in fields such as water filtration, data center cooling, and advanced manufacturing. Strategically, IDEX is tilting its portfolio toward higher‑growth, technology‑rich areas including semiconductors, data centers, space and defense, and intelligent water systems. There is a visible push to add digital, sensor, and analytics capabilities to existing hardware, which could deepen customer relationships but also requires ongoing R&D and integration skill.

Summary

Overall, IDEX comes across as a high‑quality industrial company built around niche, engineered products and steady cash generation. Financially, it has moved from strong post‑2020 growth into a more mixed phase where sales have leveled off and margins have come under some pressure, though still at healthy levels. The balance sheet and cash flows provide ample flexibility to keep investing and acquiring. Strategically, its focus on mission‑critical components, high switching costs, and targeted acquisitions gives it a durable position, while its push into data centers, semiconductors, space, and water positions it for newer growth drivers. The main things to monitor are whether recent profit softness is temporary and how effectively the company continues to execute on its innovation and acquisition strategy.

NEWS

November 13, 2025 · 12:42 PM UTC

IDEX Corporation Declares Regular Quarterly Cash Dividend

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October 29, 2025 · 7:00 AM UTC

IDEX Reports Third Quarter Results

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October 10, 2025 · 2:53 PM UTC

IDEX Corporation to Webcast Third Quarter 2025 Earnings Call

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September 18, 2025 · 4:52 PM UTC

IDEX Corporation Announces Increase to Share Repurchase Authorization and Declares Regular Quarterly Cash Dividend

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