Idex CorpIdex Corp
Idex Corp

Idex Corp

IEX
Industrials·Machinery

IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment is involved in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems. The Health and Science Technologies segment includes design, production, and distribution of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems used in beverage, food processing, pharmaceutical, and cosmetics, pneumatic components, and sealing solutions. The Fire and Safety or Diversified Products segment consists of the production of firefighting pumps and controls, apparatus valves, monitors, nozzles, rescue tools, and lifting bags for the fire and rescue industry. The company was founded on September 24, 1987, and is headquartered in Northbrook, IL.

Illinois; U.S.A
Market cap
No dataNo data
Revenue
$3.5B+5.8% YoY
Net income
$483.2M−4.3% YoY
Free cash flow
$616.8M+2.3% YoY

Market

Listed stock
IEXPriceNYSE
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Financial performance

Revenue
$3.5B+5.8% YoY
Operating income
$699.3M+3.3% YoY
Net income
$483.2M−4.3% YoY
Free cash flow
$616.8M+2.3% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $2.8B, 2022 $3.2B, 2023 $3.3B, 2024 $3.3B, 2025 $3.5B. Operating income: 2021 $637M, 2022 $751.4M, 2023 $732.5M, 2024 $677.2M, 2025 $699.3M. Net income: 2021 $449.4M, 2022 $586.9M, 2023 $596.1M, 2024 $505M, 2025 $483.2M. Free cash flow: 2021 $492.6M, 2022 $489.4M, 2023 $626.8M, 2024 $603M, 2025 $616.8M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
5.8%+593 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $637M, 2022-12-31 $751.4M, 2023-12-31 $732.5M, 2024-12-31 $677.2M, 2025-12-31 $699.3M. Net income: 2021-12-31 $449.4M, 2022-12-31 $586.9M, 2023-12-31 $596.1M, 2024-12-31 $505M, 2025-12-31 $483.2M. Free cash flow: 2021-12-31 $492.6M, 2022-12-31 $489.4M, 2023-12-31 $626.8M, 2024-12-31 $603M, 2025-12-31 $616.8M

Growth heatmap

2022202320242025CAGR
Revenue
+15.1%
+2.9%
-0.2%
+5.8%
+5.7%
Gross profit
+16.5%
+1.4%
-0.1%
+6.5%
+5.9%
Operating income
+18.0%
-2.5%
-7.5%
+3.3%
+2.4%
Free cash flow
-0.6%
+28.1%
-3.8%
+2.3%
+5.8%

Earnings quality

Operating cash flow
$680.4M+1.8% YoY
Net income
$483.2M−4.3% YoY
Free cash flow
$616.8M+2.3% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 141%, 2024-12-31 132%, 2023-12-31 120%, 2022-12-31 95%, 2021-12-31 126%. Free cash flow: 2025-12-31 128%, 2024-12-31 119%, 2023-12-31 105%, 2022-12-31 83%, 2021-12-31 110%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
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Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
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Price to sales
No data
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No data
EV / EBITDA
No data
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Free cash flow yield
No data
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