NYSE : IEX
IDEX Corporation — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 239.33 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 17.58B
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Financial statements
IDEX Corporation (IEX) reported revenue of 3.66B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.66B | 3.46B | 3.27B | 3.27B | 3.18B | 2.76B |
| Cost of Revenue | 2.02B | 1.92B | 1.81B | 1.83B | 1.75B | 1.53B |
| Gross Profit | 1.64B | 1.54B | 1.45B | 1.45B | 1.44B | 1.24B |
| Selling, General & Admin | 860.20M | 814.50M | 749.00M | 696.90M | 646.50M | 582.00M |
| Operating Expenses | 860.20M | 814.50M | 749.00M | 696.90M | 646.50M | 582.00M |
| Operating Income | 782.60M | 724.90M | 705.80M | 751.60M | 788.90M | 654.10M |
| Interest Expense | -62.70M | -64.40M | -44.50M | -51.70M | -40.70M | -41.00M |
| Currency Exchange Gain (Loss) | -5.60M | -5.60M | 1.00M | -7.30M | 800.00K | |
| Other Non Operating Income (Expenses) | 8.20M | 3.60M | 2.30M | 2.80M | 3.70M | 12.40M |
| EBT Excluding Unusual Items | 722.50M | 658.50M | 664.60M | 695.40M | 752.70M | 625.50M |
| Merger & Restructuring Charges | -14.90M | -25.90M | -29.30M | -19.80M | -38.10M | -27.40M |
| Gain (Loss) on Sale of Assets | 4.00M | 84.70M | 34.80M | |||
| Other Unusual Items | -18.30M | |||||
| Pretax Income | 703.50M | 632.60M | 639.30M | 760.30M | 749.40M | 579.80M |
| Income Tax Expense | 167.90M | 150.10M | 134.70M | 164.70M | 162.70M | 130.50M |
| Earnings From Continuing Operations | 535.60M | 482.50M | 504.60M | 595.60M | 586.70M | 449.30M |
| Minority Interest in Earnings | 200.00K | 700.00K | 400.00K | 500.00K | 200.00K | 100.00K |
| Net Income | 535.80M | 483.20M | 505.00M | 596.10M | 586.90M | 449.40M |
| Net Income to Common | 535.80M | 483.20M | 505.00M | 596.10M | 586.90M | 449.40M |
| Shares Outstanding (Basic) | 74.25M | 75.30M | 75.70M | 75.60M | 75.70M | 76.00M |
| Shares Outstanding (Diluted) | 74.33M | 75.30M | 75.90M | 75.90M | 76.00M | 76.40M |
| EPS (Basic) | 7.22 | 6.42 | 6.67 | 7.88 | 7.75 | 5.91 |
| EPS (Diluted) | 7.20 | 6.41 | 6.64 | 7.85 | 7.71 | 5.88 |
| Free Cash Flow | 667.10M | 616.80M | 603.00M | 626.80M | 489.40M | 492.60M |
| Free Cash Flow Per Share | 8.97 | 8.19 | 7.95 | 8.26 | 6.44 | 6.45 |
| Dividend Per Share | 2.90 | 2.84 | 2.76 | 2.56 | 2.40 | 2.16 |
| Gross Margin | 44.91% | 44.52% | 44.51% | 44.24% | 45.11% | 44.71% |
| Operating Margin | 21.39% | 20.97% | 21.59% | 22.96% | 24.79% | 23.66% |
| Profit Margin | 14.65% | 13.98% | 15.45% | 18.21% | 18.45% | 16.25% |
| Free Cash Flow Margin | 18.23% | 17.84% | 18.45% | 19.14% | 15.38% | 17.82% |
| EBITDA | 995.40M | 931.40M | 881.40M | 903.70M | 908.60M | 757.10M |
| EBITDA Margin | 27.21% | 26.94% | 26.96% | 27.60% | 28.56% | 27.38% |
| D&A For EBITDA | 212.80M | 206.50M | 175.60M | 152.10M | 119.70M | 103.00M |
| EBIT | 782.60M | 724.90M | 705.80M | 751.60M | 788.90M | 654.10M |
| EBIT Margin | 21.39% | 20.97% | 21.59% | 22.96% | 24.79% | 23.66% |
| Effective Tax Rate | 23.87% | 23.73% | 21.07% | 21.66% | 21.71% | 22.51% |
| Advertising Expenses | 16.30M | 16.90M | 15.90M | 14.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 602.10M | 580.00M | 620.80M | 534.30M | 430.20M | 855.40M |
| Short-Term Investments | 4.40M | 45.30M | ||||
| Cash & Short-Term Investments | 602.10M | 580.00M | 620.80M | 538.70M | 430.20M | 900.70M |
| Accounts Receivable | 527.40M | 502.50M | 451.20M | 411.50M | 423.30M | 347.70M |
| Other Receivables | 21.20M | 19.20M | 14.70M | 16.30M | 19.50M | 8.70M |
| Receivables | 548.60M | 521.70M | 465.90M | 427.80M | 442.80M | 356.40M |
| Inventory | 529.10M | 479.40M | 429.70M | 420.80M | 470.90M | 370.40M |
| Restricted Cash | 4.20M | 3.00M | 18.10M | |||
| Other Current Assets | 82.50M | 59.10M | 58.20M | 59.00M | 55.40M | 50.50M |
| Total Current Assets | 1.77B | 1.64B | 1.59B | 1.45B | 1.40B | 1.68B |
| Property, Plant & Equipment | 466.90M | 587.70M | 585.60M | 548.60M | 492.10M | 434.50M |
| Goodwill | 3.37B | 3.41B | 3.25B | 2.84B | 2.64B | 2.17B |
| Other Intangible Assets | 1.13B | 1.25B | 1.28B | 1.01B | 947.80M | 597.30M |
| Long-Term Deferred Tax Assets | 1.20M | 1.50M | 1.50M | 2.00M | 4.30M | |
| Other Long-Term Assets | 144.50M | 33.00M | 29.00M | 18.70M | 32.60M | 35.40M |
| Total Assets | 6.88B | 6.93B | 6.75B | 5.87B | 5.51B | 4.92B |
| Accounts Payable | 238.30M | 224.70M | 197.80M | 179.70M | 208.90M | 178.80M |
| Accrued Expenses | 222.60M | 192.00M | 177.30M | 175.10M | 183.10M | 164.90M |
| Current Portion of Long-Term Debt | 400.00K | 700.00K | 100.70M | 600.00K | ||
| Current Portion of Leases | 27.20M | 27.80M | 26.10M | 22.00M | 21.60M | 17.60M |
| Current Income Taxes Payable | 20.20M | 14.00M | 10.10M | 18.50M | 30.20M | 17.90M |
| Current Unearned Revenue | 58.00M | 45.80M | 50.70M | 55.90M | 44.70M | 49.00M |
| Other Current Liabilities | 69.20M | 70.40M | 67.00M | 48.50M | 55.10M | 51.80M |
| Total Current Liabilities | 635.90M | 575.40M | 629.70M | 500.30M | 543.60M | 480.00M |
| Long-Term Debt | 1.75B | 1.82B | 1.86B | 1.33B | 1.47B | 1.19B |
| Long-Term Leases | 94.10M | 101.60M | 98.10M | 96.60M | 93.40M | |
| Long-Term Unearned Revenue | 12.70M | 22.00M | 13.20M | 17.30M | 15.00M | 32.20M |
| Pension & Post-Retirement Benefits | 60.00M | 59.00M | 20.00M | 55.10M | 82.20M | |
| Long-Term Deferred Tax Liabilities | 296.10M | 303.00M | 267.20M | 291.90M | 264.20M | 196.40M |
| Other Long-Term Liabilities | 168.00M | 26.20M | 21.00M | 71.30M | 29.10M | 39.60M |
| Total Liabilities | 2.86B | 2.90B | 2.95B | 2.32B | 2.47B | 2.11B |
| Common Stock | 900.00K | 900.00K | 900.00K | 900.00K | 900.00K | 900.00K |
| Additional Paid-In Capital | 881.70M | 892.10M | 864.80M | 839.00M | 817.20M | 795.60M |
| Retained Earnings | 4.75B | 4.50B | 4.23B | 3.93B | 3.53B | 3.13B |
| Treasury Stock | -1.60B | -1.42B | -1.17B | -1.19B | -1.18B | -1.05B |
| Comprehensive Income & Other | -15.30M | 57.60M | -130.90M | -45.80M | -126.20M | -69.60M |
| Total Common Equity | 4.02B | 4.03B | 3.79B | 3.54B | 3.04B | 2.80B |
| Minority Interest | -1.50M | -1.30M | -600.00K | -200.00K | 300.00K | |
| Shareholders' Equity | 4.01B | 4.03B | 3.79B | 3.54B | 3.04B | 2.80B |
| Total Liabilities & Equity | 6.88B | 6.93B | 6.75B | 5.87B | 5.51B | 4.92B |
| Total Debt | 1.78B | 1.94B | 2.09B | 1.45B | 1.59B | 1.30B |
| Net Cash (Debt) | -1.18B | -1.36B | -1.47B | -907.10M | -1.16B | -400.60M |
| Net Cash Per Share | -15.83 | -18.10 | -19.33 | -11.95 | -15.22 | -5.24 |
| Filing Date Shares Outstanding | 73.45M | 74.35M | 75.78M | 75.64M | 75.52M | 76.12M |
| Total Common Shares Outstanding | 73.70M | 74.60M | 75.90M | 75.73M | 75.61M | 76.20M |
| Working Capital | 1.13B | 1.07B | 963.00M | 946.00M | 855.70M | 1.20B |
| Book Value Per Share | 54.50 | 53.99 | 50.00 | 46.76 | 40.19 | 36.79 |
| Tangible Book Value | -484.40M | -634.40M | -741.80M | -308.70M | -546.60M | 38.10M |
| Tangible Book Value Per Share | -6.57 | -8.50 | -9.77 | -4.08 | -7.23 | 0.50 |
| Land | 31.60M | 30.00M | 30.80M | 35.20M | 39.10M | |
| Buildings | 287.50M | 268.90M | 234.70M | 214.20M | 197.90M | |
| Machinery | 765.20M | 716.50M | 657.00M | 593.00M | 564.50M | |
| Construction In Progress | 38.00M | 34.90M | 53.50M | 56.40M | 30.50M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 535.80M | 483.20M | 505.00M | 596.10M | 586.90M | 449.40M |
| Depreciation & Amortization | 212.80M | 206.50M | 175.60M | 152.10M | 119.70M | 103.00M |
| Loss (Gain) From Sale of Assets | -4.00M | -84.70M | -34.80M | |||
| Asset Writedown & Restructuring Costs | 6.00M | 700.00K | 100.00K | 800.00K | 17.40M | 800.00K |
| Stock-Based Compensation | 31.20M | 27.30M | 25.80M | 21.80M | 21.60M | 20.40M |
| Other Operating Activities | 14.40M | 16.80M | -17.40M | -2.20M | -18.00M | 9.70M |
| Change in Accounts Receivable | -53.50M | -41.20M | -16.90M | 20.50M | -71.70M | -49.40M |
| Change in Inventory | -40.40M | -34.20M | 17.60M | 66.20M | -72.40M | -46.10M |
| Change in Accounts Payable | 31.30M | 15.20M | 8.90M | -25.30M | 17.60M | 22.90M |
| Change in Unearned Revenue | 7.30M | 2.70M | -17.90M | 12.70M | -25.00M | 19.80M |
| Change in Other Net Operating Assets | 7.80M | 3.40M | -8.70M | -41.30M | 16.10M | 34.80M |
| Operating Cash Flow | 752.70M | 680.40M | 668.10M | 716.70M | 557.40M | 565.30M |
| Capital Expenditures | -85.60M | -63.60M | -65.10M | -89.90M | -68.00M | -72.70M |
| Cash Acquisitions | 300.00K | -76.20M | -984.50M | -311.80M | -945.60M | -577.40M |
| Divestitures | 45.10M | 118.60M | 49.40M | |||
| Investment in Securities | 4.50M | -4.20M | 39.70M | -45.20M | ||
| Other Investing Activities | 2.20M | -6.50M | 3.50M | 7.30M | -2.80M | |
| Investing Cash Flow | -85.30M | -137.60M | -1.01B | -283.80M | -917.20M | -698.10M |
| Long-Term Debt Issued | 252.00M | 776.00M | 100.00M | 410.40M | 499.40M | |
| Long-Term Debt Repaid | -422.90M | -119.10M | -250.00M | -135.00M | -350.10M | |
| Net Debt Issued (Repaid) | -148.00M | -170.90M | 656.90M | -150.00M | 275.40M | 149.30M |
| Issuance of Common Stock | 19.40M | 3.70M | 19.40M | 26.30M | 19.30M | 19.70M |
| Repurchase of Common Stock | -303.80M | -252.00M | -2.70M | -29.00M | -153.30M | -6.10M |
| Common Dividends Paid | -213.90M | -212.60M | -205.30M | -190.70M | -177.40M | -161.10M |
| Other Financing Activities | -2.80M | -800.00K | -2.40M | -1.30M | -1.80M | -11.30M |
| Financing Cash Flow | -649.10M | -632.60M | 465.90M | -344.70M | -37.80M | -9.50M |
| Foreign Exchange Rate Adjustments | -10.90M | 36.80M | -22.90M | 15.90M | -27.60M | -28.20M |
| Net Cash Flow | 7.40M | -53.00M | 104.60M | 104.10M | -425.20M | -170.50M |
| Free Cash Flow | 667.10M | 616.80M | 603.00M | 626.80M | 489.40M | 492.60M |
| Free Cash Flow Margin | 18.23% | 17.84% | 18.45% | 19.14% | 15.38% | 17.82% |
| Free Cash Flow Per Share | 8.97 | 8.19 | 7.95 | 8.26 | 6.44 | 6.45 |
| Levered Free Cash Flow | 584.34M | 538.91M | 513.91M | 541.84M | 411.73M | 373.09M |
| Unlevered Free Cash Flow | 623.52M | 579.16M | 541.73M | 574.15M | 437.16M | 398.71M |
| Cash Interest Paid | 69.50M | 72.20M | 47.40M | 50.80M | 37.10M | 36.00M |
| Cash Income Tax Paid | 160.00M | 134.60M | 171.40M | 199.50M | 175.60M | 118.20M |
| Change in Working Capital | -47.50M | -54.10M | -17.00M | 32.80M | -135.40M | -18.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.18B | 13.32B | 15.85B | 16.42B | 17.22B | 17.97B |
| Enterprise Value | 18.35B | 14.65B | 17.32B | 17.27B | 17.79B | 18.47B |
| Last Close Price | 233.84 | 175.53 | 203.37 | 208.28 | 216.50 | 221.42 |
| PE Ratio | 32.48 | 27.56 | 31.38 | 27.54 | 29.34 | 39.98 |
| Forward PE | 24.49 | 21.66 | 25.08 | 26.52 | 26.95 | 34.48 |
| PS Ratio | 4.70 | 3.85 | 4.85 | 5.01 | 5.41 | 6.50 |
| PB Ratio | 4.29 | 3.31 | 4.18 | 4.64 | 5.67 | 6.41 |
| P/TBV Ratio | 471.60 | |||||
| P/FCF Ratio | 25.75 | 21.59 | 26.28 | 26.20 | 35.19 | 36.48 |
| P/OCF Ratio | 22.82 | 19.57 | 23.72 | 22.91 | 30.89 | 31.78 |
| PEG Ratio | 2.04 | 1.80 | 2.09 | 2.31 | 2.06 | 2.71 |
| EV/Sales Ratio | 5.02 | 4.24 | 5.30 | 5.28 | 5.59 | 6.68 |
| EV/EBITDA Ratio | 18.44 | 15.73 | 19.65 | 19.11 | 19.58 | 24.39 |
| EV/EBIT Ratio | 23.45 | 20.21 | 24.54 | 22.98 | 22.55 | 28.23 |
| EV/FCF Ratio | 27.51 | 23.76 | 28.72 | 27.55 | 36.36 | 37.49 |
| Debt / Equity Ratio | 0.44 | 0.48 | 0.55 | 0.41 | 0.52 | 0.46 |
| Debt / EBITDA Ratio | 1.71 | 2.00 | 2.27 | 1.54 | 1.69 | 1.65 |
| Debt / FCF Ratio | 2.67 | 3.15 | 3.46 | 2.31 | 3.24 | 2.64 |
| Net Debt / Equity Ratio | 0.29 | 0.34 | 0.39 | 0.26 | 0.38 | 0.14 |
| Net Debt / EBITDA Ratio | 1.18 | 1.46 | 1.67 | 1.00 | 1.27 | 0.53 |
| Net Debt / FCF Ratio | 1.76 | 2.21 | 2.43 | 1.45 | 2.36 | 0.81 |
| Asset Turnover | 0.53 | 0.51 | 0.52 | 0.58 | 0.61 | 0.59 |
| Inventory Turnover | 3.94 | 4.22 | 4.27 | 4.09 | 4.15 | 4.63 |
| Quick Ratio | 1.81 | 1.92 | 1.73 | 1.93 | 1.61 | 2.62 |
| Current Ratio | 2.78 | 2.86 | 2.53 | 2.89 | 2.57 | 3.50 |
| Return on Equity (ROE) | 13.35% | 12.34% | 13.76% | 18.10% | 20.08% | 16.82% |
| Return on Assets (ROA) | 7.06% | 6.63% | 7.00% | 8.26% | 9.46% | 8.76% |
| Return on Invested Capital (ROIC) | 11.39% | 10.38% | 11.47% | 13.62% | 16.69% | 17.26% |
| Return on Capital Employed (ROCE) | 12.50% | 11.40% | 11.50% | 14.00% | 15.90% | 14.70% |
| Earnings Yield | 3.08% | 3.63% | 3.19% | 3.63% | 3.41% | 2.50% |
| FCF Yield | 3.88% | 4.63% | 3.81% | 3.82% | 2.84% | 2.74% |
| Dividend Yield | 1.25% | 1.59% | 1.32% | 1.18% | 1.05% | 0.92% |
| Payout Ratio | 40.55% | 44.00% | 40.65% | 31.99% | 30.23% | 35.85% |
| Buyback Yield / Dilution | 1.69% | 0.79% | -0.13% | 0.13% | 0.52% | -0.40% |
| Total Shareholder Return | 2.94% | 2.38% | 1.19% | 1.31% | 1.58% | 0.52% |