IDEX CORP /DE/ IEX
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 6.41 | 6.66 | 7.87 | 7.74 | 5.91 | 4.98 | 5.62 | 5.36 | 4.41 | 3.57 |
| EPS, diluted | 6.41 | 6.64 | 7.85 | 7.71 | 5.88 | 4.94 | 5.56 | 5.29 | 4.36 | 3.53 |
| Shares, diluted (wtd. avg.) | $75.3M | $75.9M | $75.9M | $76.0M | $76.4M | $76.4M | $76.5M | $77.6M | $77.3M | $76.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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