PART I 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.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.5B | 3.5B | 3.3B | 3.3B | 3.2B | 2.8B |
| Net Income | 483M | 483M | 505M | 596M | 587M | 449M |
| EPS | $6.41 | $6.41 | $6.64 | $7.85 | $7.71 | $5.88 |
| Free Cash Flow | 617M | 617M | 603M | 627M | 489M | 493M |
| ROIC | 10.1% | 11.5% | 11.6% | 15.1% | 16.1% | 21.6% |
| Gross Margin | 44.5% | 44.5% | 44.2% | 44.2% | 44.8% | 44.3% |
| Debt/Equity | 0.45 | 0.45 | 0.54 | 0.37 | 0.48 | 0.42 |
| Dividends/Share | $2.82 | $2.84 | $2.76 | $2.56 | $2.40 | $2.16 |
| Operating Income | 699M | 699M | 677M | 733M | 751M | 637M |
| Operating Margin | 20.2% | 20.2% | 20.7% | 22.4% | 23.6% | 23.0% |
| ROE | 12.0% | 12.4% | 13.3% | 16.8% | 19.3% | 16.0% |
| Shares Outstanding | 75M | 75M | 76M | 76M | 76M | 76M |
IDEX CORP /DE/ passes 5 of 9 quality checks, suggesting mixed fundamentals.
IDEX CORP /DE/ trades at 32.0x trailing earnings, compared to its 15-year median P/E of 28.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 24.7x vs a median of 25.6x. The company's 5-year average ROIC is 15.2% with a gross margin of 44.4%. Total shareholder yield (dividends + buybacks) is 3.0%. At current prices, the estimated annualized return to fair value is +5.8%.
IDEX CORP /DE/ (IEX) has a current P/E ratio of 32.0, compared to its historical median P/E of 28.2. The stock is currently considered Fair based on its historical valuation range.
IDEX CORP /DE/ (IEX) has a 5-year average return on invested capital (ROIC) of 15.2%. This indicates strong capital allocation and a potential competitive advantage.
IDEX CORP /DE/ (IEX) has a market capitalization of $15.5B. It is classified as a large-cap stock.
Yes, IDEX CORP /DE/ (IEX) pays a dividend with a trailing twelve-month yield of 1.37%. The company also returns capital through share buybacks, with a buyback yield of 1.60%.
Based on historical P/E analysis, IDEX CORP /DE/ (IEX) appears fair. The current P/E of 32.0 is 13% above its historical median of 28.2. The estimated fair value CAGR (P/E method) is 6.0%.
IDEX CORP /DE/ (IEX) operates in the Pumps & Pumping Equipment industry, within the Industrials sector.
IDEX CORP /DE/ (IEX) reported annual revenue of $3.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
IDEX CORP /DE/ (IEX) has a net profit margin of 14.0%. This is a healthy margin.
IDEX CORP /DE/ (IEX) generated $617 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
IDEX CORP /DE/ (IEX) has a debt-to-equity ratio of 0.45. This indicates a conservatively financed balance sheet.
IDEX CORP /DE/ (IEX) reported earnings per share (EPS) of $6.41 in its most recent fiscal year.
IDEX CORP /DE/ (IEX) has a return on equity (ROE) of 12.4%. This indicates moderate shareholder returns.
IDEX CORP /DE/ (IEX) has a 5-year average gross margin of 44.4%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for IDEX CORP /DE/ (IEX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
IDEX CORP /DE/ (IEX) has a book value per share of $53.43, based on its most recent annual SEC filing.
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