IDEX CORP /DE/ IEX

Industrials SIC 3561 - Pumps & Pumping Equipment NAICS Manufacturing › Machinery Manufacturing › Other General Purpose Machinery Manufacturing › Pump and Compressor Manufacturing › Measuring, Dispensing, and Other Pumping Equipment Manufacturing derived NYSE

IDEX Corporation ("IDEX," the "Company," "we," or "our") is a global applied solutions provider serving niche markets with mission critical components for everyday life. Substantially all of the Company's business activities are carried out through over 50 wholly-owned subsidiaries with shared values of Trust, Team and Excellence. IDEX's diverse family of businesses is committed to making trusted solutions that improve lives and is innovative and inquisitive in its quest to solve customers' most challenging applied technology problems. These businesses operate with a high degree of autonomy, yet are all united by employing The IDEX Difference, a philosophy of great teams who embrace the 8020 principle while remaining hyper-focused on serving customers. IDEX was incorporated in Delaware on September 24, 1987.

Last close 229.05 2026-10-23
Market cap $16.89B 2026-06-30 share count
52-week range 160.60 - 243.80

Valuation FY2025 figures against the last close

P/S4.9x
P/E35.7x
P/FCF27.4x
EV/EBITDA23.4x
Dividend yield1.3%
Diluted EPS6.41

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Europe
  • Asia
  • Other
  • North America, excluding U.S.
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 1.8B (50.8%) 51% U.S. Europe, FY2025: 846.2M (24.4%) 24% Europe Asia, FY2025: 563M (16.2%) 16% Asia Other, FY2025: 165.1M (4.8%) 5% Other North America, excluding U.S., FY2025: 129.7M (3.7%) 4% FY2024 U.S., FY2024: 1.6B (49.5%) 50% Europe, FY2024: 796.5M (24.3%) 24% Asia, FY2024: 571M (17.4%) 17% Other, FY2024: 154M (4.7%) 5% North America, excluding U.S., FY2024: 132.4M (4.0%) 4% FY2023 U.S., FY2023: 1.6B (50.1%) 50% Europe, FY2023: 820.4M (25.0%) 25% Asia, FY2023: 535.5M (16.3%) 16% Other, FY2023: 157M (4.8%) 5% North America, excluding U.S., FY2023: 126.3M (3.8%) 4%
Region FY2025FY2024FY2023
U.S. $1.76B $1.62B $1.64B
Europe $846.2M $796.5M $820.4M
Asia $563.0M $571.0M $535.5M
Other $165.1M $154.0M $157.0M
North America, excluding U.S. $129.7M $132.4M $126.3M

As the company reported it, from the “Revenue - Schedule of External Net Sales Disaggregated by Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • HST
  • FMT
  • Fsdp
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 HST, FY2025: 1.5B (43.1%) 43% HST FMT, FY2025: 1.2B (35.4%) 35% FMT Fsdp, FY2025: 744.3M (21.5%) 22% Fsdp FY2024 HST, FY2024: 1.3B (39.6%) 40% FMT, FY2024: 1.2B (37.7%) 38% Fsdp, FY2024: 743M (22.7%) 23% FY2023 HST, FY2023: 1.3B (40.1%) 40% FMT, FY2023: 1.2B (38.0%) 38% Fsdp, FY2023: 716.2M (21.9%) 22%
Segment FY2025FY2024FY2023
HST $1.49B $1.29B $1.31B
FMT $1.22B $1.23B $1.24B
Fsdp $744.3M $743.0M $716.2M

As the company reported it, from the “Business Segments and Geographic Information - Schedule of Information on Company's Business Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.46B$3.27B$3.27B$3.18B$2.76B$2.35B$2.49B$2.48B$2.29B$2.11B
Cost of revenue $1.92B$1.82B$1.83B$1.75B$1.54B$1.32B$1.37B$1.37B$1.26B$1.18B
Gross profit $1.54B$1.45B$1.45B$1.43B$1.22B$1.03B$1.12B$1.12B$1.03B$930.8M
R&D $70.0M$67.4M$68.4M$61.4M$50.1M$48.2M$56.4M$48.0M$42.4M$39.4M
SG&A $818.8M$758.7M$703.5M$652.7M$578.2M$494.9M$525.0M$536.7M$524.9M$492.4M
Operating income $699.3M$677.2M$732.5M$751.4M$637.0M$520.7M$579.0M$569.1M$502.6M$412.4M
Interest expense ——$51.7M$40.7M$41.0M$44.8M$44.3M$44.1M$44.9M$45.6M
Pre-tax income $632.6M$639.3M$760.3M$749.4M$579.8M$470.3M$532.9M$528.9M$455.3M$368.5M
Income tax $150.1M$134.7M$164.7M$162.7M$130.5M$92.5M$107.4M$118.4M$118.0M$97.4M
Net income $483.2M$505.0M$596.1M$586.9M$449.4M$377.8M$425.5M$410.6M$337.3M$271.1M
EPS, basic 6.416.667.877.745.914.985.625.364.413.57
EPS, diluted 6.416.647.857.715.884.945.565.294.363.53
Shares, diluted (wtd. avg.) 75.3M75.9M75.9M76.0M76.4M76.4M76.5M77.6M77.3M76.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $580.0M$620.8M$534.3M$430.2M$855.4M$1.03B$632.6M$466.4M$375.9M$236.0M
Receivables $511.9M$461.0M$419.0M$431.3M$354.9M$288.3M$298.1M$313.7M$297.8M$272.8M
Inventory $479.4M$429.7M$420.8M$470.9M$370.4M$289.9M$293.5M$280.0M$259.7M$252.9M
Total current assets $1.64B$1.59B$1.45B$1.40B$1.68B$1.66B$1.26B$1.09B$1.00B$822.7M
Property, plant and equipment $468.0M$460.4M$430.3M$382.1M$327.3M$298.3M$280.3M$281.2M$258.4M$247.8M
Goodwill $3.41B$3.25B$2.84B$2.64B$2.17B$1.90B$1.78B$1.70B$1.70B$1.63B
Other intangibles $1.25B$1.28B$1.01B$947.8M$597.3M$415.6M$388.0M$383.3M$414.7M$435.5M
Total assets $6.93B$6.75B$5.87B$5.51B$4.92B$4.41B$3.81B$3.47B$3.40B$3.15B
Short-term debt $700.0K$100.7M$600.0K$0$0$100.0K$388.0K$483.0K$258.0K$1.0M
Total current liabilities $575.4M$629.7M$500.3M$543.6M$480.0M$399.0M$357.9M$364.7M$361.0M$309.2M
Long-term debt $1.82B$1.86B$1.33B$1.47B$1.19B$1.04B$848.9M$848.3M$858.8M$1.01B
Total liabilities $2.90B$2.95B$2.32B$2.47B$2.11B$1.87B$1.55B$1.48B$1.51B$1.61B
Retained earnings $4.50B$4.23B$3.93B$3.53B$3.13B$2.84B$2.62B$2.34B$2.06B$1.83B
Total equity $4.03B$3.79B$3.54B$3.04B$2.80B$2.54B$2.26B$1.99B$1.89B$1.54B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $680.4M$668.1M$716.7M$557.4M$565.3M$569.3M$528.1M$479.3M$432.8M$399.9M
Depreciation and amortisation $75.8M$68.5M$57.2M$50.7M$103.0M$83.5M$76.9M$77.5M$84.2M$86.9M
Stock-based compensation $27.3M$25.8M$21.8M$21.6M$20.4M$14.8M$22.1M$24.8M$24.4M$20.3M
Capital expenditure $63.6M$65.1M$89.9M$68.0M$72.7M$51.6M$50.9M$56.1M$43.9M$38.2M
Investing cash flow -$137.6M-$1.01B-$283.8M-$917.2M-$698.1M-$172.6M-$137.0M-$81.4M-$54.7M-$509.2M
Financing cash flow -$632.6M$465.9M-$344.7M-$37.8M-$9.5M-$42.6M-$227.6M-$290.0M-$277.4M$46.5M
Dividends paid $212.6M$205.3M$190.7M$177.4M$161.1M$151.8M$147.2M$127.5M$111.2M$102.7M
Buybacks $247.8M$0$24.2M$148.1M$0$110.3M$54.7M$173.9M$29.1M$57.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000832101-26-000003.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 2.1B Gross profit, FY2016: 930.8M Net income, FY2016: 271.1M Revenue, FY2017: 2.3B Gross profit, FY2017: 1B Net income, FY2017: 337.3M Revenue, FY2018: 2.5B Gross profit, FY2018: 1.1B Net income, FY2018: 410.6M Revenue, FY2019: 2.5B Gross profit, FY2019: 1.1B Net income, FY2019: 425.5M Revenue, FY2020: 2.4B Gross profit, FY2020: 1B Net income, FY2020: 377.8M Revenue, FY2021: 2.8B Gross profit, FY2021: 1.2B Net income, FY2021: 449.4M Revenue, FY2022: 3.2B Gross profit, FY2022: 1.4B Net income, FY2022: 586.9M Revenue, FY2023: 3.3B Gross profit, FY2023: 1.4B Net income, FY2023: 596.1M Revenue, FY2024: 3.3B Gross profit, FY2024: 1.4B Net income, FY2024: 505M Revenue, FY2025: 3.5B Gross profit, FY2025: 1.5B Net income, FY2025: 483.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.11B $2.29B $2.48B $2.49B $2.35B $2.76B $3.18B $3.27B $3.27B $3.46B
Gross profit $930.8M $1.03B $1.12B $1.12B $1.03B $1.22B $1.43B $1.45B $1.45B $1.54B
Net income $271.1M $337.3M $410.6M $425.5M $377.8M $449.4M $586.9M $596.1M $505.0M $483.2M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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