IEX Industrials

IDEX Corporation

$237.36+0.36%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Industrials
Industry: Specialty Industrial Machinery
Country: United States
Market cap: 17.5B USD
Enterprise value: 18.6B USD
Full-time employees: 8,700

Overall health

Strength: lower risk than most peers: more short-term liquiditylower risk: more liquidity
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 0.96 vs a peer median of 0.64), though less than the overall marketbigger price swings (beta 0.96 vs peers 0.64)
About average: growth

Ranks #726 of 2,308 industrials companies (top 32%)

See how it ranks against its peers

Worth knowing

Profit is backed by cash. Free cash flow is 123% of reported profit.
IDEX's free cash flow is 123% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Wide margins. Operating margin 21% (12 months to Jun 2026) vs a peer median of 7.7%.Operating margin 21% vs peers 7.7%.
IDEX keeps 21% of revenue as operating profit, more than 89% of peers (median 7.7%).

StockQuotient Score

60/ 100

Oct 5 61 → Nov 4 60 (-1)

Valuation

Is the price right?

39/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.0%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.27Sector median: 0.0377 · MAD: 0.0294

EBITDA yield5.2%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.42Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield3.7%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.01Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield22.9%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

51/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Helped by:

▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth13.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.24Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth2.5%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.27Sector median: 0.0421 · MAD: 0.0625

Revenue growth7.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.38Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

84/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin20.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.55Sector median: 0.0773 · MAD: 0.0507

Return on assets7.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.83Sector median: 0.0311 · MAD: 0.0241

Return on invested capital11.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.72Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin44.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity13.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.96

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.15Sector median: 0.6440 · MAD: 0.2745

Current ratio3.05×

SEC filings · latest balance sheetReported value33% base weight · Z-score 2.67Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.47×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.19Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about IDEX

Is IDEX getting weaker?: Its latest SEC filing (Jul 29, 2026) showed no major changes. Its overall score is unchanged at 60/100 since Oct 28, 2026.
How is IDEX valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 39/100 against 2,459 industrials peers. EBITDA yield 5.2% vs a peer median of 6.9% (weaker than 63% of peers).EBITDA yield 5.2% vs peers 6.9% (weaker than 63% of peers).
Is IDEX growing?: At about the same pace as its peers. Growth scores 51/100 against 2,459 industrials peers. Revenue growth 7.3% vs a peer median of 4.4% (stronger than 61% of peers).Revenue growth 7.3% vs peers 4.4% (stronger than 61% of peers).
How profitable is IDEX?: More profitable than most of its peers. Profitability scores 84/100 against 2,459 industrials peers. Operating margin 20.7% vs a peer median of 7.7% (stronger than 89% of peers).Operating margin 20.7% vs peers 7.7% (stronger than 89% of peers).
How risky is IDEX?: Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 3.05× vs a peer median of 1.62× (stronger than 85% of peers).Current ratio 3.05× vs peers 1.62× (stronger than 85% of peers). Beta 0.96 vs a peer median of 0.64 (weaker than 73% of peers).Beta 0.96 vs peers 0.64 (weaker than 73% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 29, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	3.5B USD	3.6B USD	+1.6%
Net income (12 months)	507.7M USD	519.5M USD	+2.3%
Operating margin	20.7%	20.7%	+0.0 pts
Free cash flow (12 months)	611.4M USD	641.5M USD	+4.9%
Debt	1.9B USD	1.9B USD	−0.7%
Cash	586.2M USD	621.3M USD	+6.0%
Shares outstanding	74.0M	73.7M	−0.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Specialty Industrial Machinery · 42 companies

Valuations in Specialty Industrial Machinery are above their usual range since 2016.

75% of months since 2016 were valued lower than now.
46% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +21% and earnings +11% (medians): prices and earnings moved broadly together.
Median price-to-sales is +32% vs the whole market, against a usual −5%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	44.3%	44.8%	44.2%	44.2%	44.5%	▲ 0.3 pts
Operating margin	23.0%	23.6%	22.4%	20.7%	20.2%	▼ 0.5 pts
Net margin	16.3%	18.4%	18.2%	15.4%	14.0%	▼ 1.5 pts
Return on assets (ROA)	9.1%	10.6%	10.2%	7.5%	7.0%	▼ 0.5 pts
Return on equity (ROE)	16.0%	19.3%	16.8%	13.3%	12.0%	▼ 1.3 pts
Free cash flow margin	17.8%	15.4%	19.1%	18.4%	17.8%	▼ 0.6 pts
Current ratio	3.50×	2.57×	2.89×	2.53×	2.86×	▲ 13%
Quick ratio	2.72×	1.71×	2.05×	1.85×	2.02×	▲ 9.5%
Debt to equity	0.42×	0.49×	0.38×	0.52×	0.45×	▼ 13%
Interest coverage	15.54×	18.46×	14.17×	—	—	—

IEX price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

One and one Green Technologies. IncYDDL95/ 100

Prored Partners CO.,LTD.7034.T94/ 100

Promotora y Operadora de Infraestructura, S. A. B. de C. V.PINFRA.MX93/ 100

Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: more short-term liquiditylower risk: more liquidity

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 0.96 vs a peer median of 0.64), though less than the overall marketbigger price swings (beta 0.96 vs peers 0.64)

About average: growth

Ranks #726 of 2,308 industrials companies (top 32%)

See how it ranks against its peers

Worth knowing

Profit is backed by cash. Free cash flow is 123% of reported profit.

IDEX's free cash flow is 123% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Wide margins. Operating margin 21% (12 months to Jun 2026) vs a peer median of 7.7%.Operating margin 21% vs peers 7.7%.

IDEX keeps 21% of revenue as operating profit, more than 89% of peers (median 7.7%).

Questions investors ask about IDEX

Is IDEX getting weaker?

Its latest SEC filing (Jul 29, 2026) showed no major changes. Its overall score is unchanged at 60/100 since Oct 28, 2026.

How is IDEX valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 39/100 against 2,459 industrials peers. EBITDA yield 5.2% vs a peer median of 6.9% (weaker than 63% of peers).EBITDA yield 5.2% vs peers 6.9% (weaker than 63% of peers).

Is IDEX growing?

At about the same pace as its peers. Growth scores 51/100 against 2,459 industrials peers. Revenue growth 7.3% vs a peer median of 4.4% (stronger than 61% of peers).Revenue growth 7.3% vs peers 4.4% (stronger than 61% of peers).

How profitable is IDEX?

More profitable than most of its peers. Profitability scores 84/100 against 2,459 industrials peers. Operating margin 20.7% vs a peer median of 7.7% (stronger than 89% of peers).Operating margin 20.7% vs peers 7.7% (stronger than 89% of peers).

How risky is IDEX?

Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 3.05× vs a peer median of 1.62× (stronger than 85% of peers).Current ratio 3.05× vs peers 1.62× (stronger than 85% of peers). Beta 0.96 vs a peer median of 0.64 (weaker than 73% of peers).Beta 0.96 vs peers 0.64 (weaker than 73% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

3.5B USD

3.6B USD

+1.6%

Net income (12 months)

507.7M USD

519.5M USD

+2.3%

Operating margin

20.7%

20.7%

+0.0 pts

Free cash flow (12 months)

611.4M USD

641.5M USD

+4.9%

Debt

1.9B USD

1.9B USD

−0.7%

Cash

586.2M USD

621.3M USD

+6.0%

Shares outstanding

74.0M

73.7M

−0.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

44.3%

44.8%

44.2%

44.5%

▲ 0.3 pts

Operating margin

23.0%

23.6%

22.4%

20.7%

20.2%

▼ 0.5 pts

Net margin

16.3%

18.4%

18.2%

15.4%

14.0%

▼ 1.5 pts

Return on assets (ROA)

9.1%

10.6%

10.2%

7.5%

7.0%

▼ 0.5 pts

Return on equity (ROE)

16.0%

19.3%

16.8%

13.3%

12.0%

▼ 1.3 pts

Free cash flow margin

17.8%

15.4%

19.1%

18.4%

17.8%

▼ 0.6 pts

Current ratio

3.50×

2.57×

2.89×

2.53×

2.86×

▲ 13%

Quick ratio

2.72×

1.71×

2.05×

1.85×

2.02×

▲ 9.5%

Debt to equity

0.42×

0.49×

0.38×

0.52×

0.45×

▼ 13%

Interest coverage

15.54×

18.46×

14.17×

—