IEXNYSEPumps & Pumping EquipmentFiscal year ends December 31
IDEX CORP /DE/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$233.86−1.69 (-0.72%)
Close on Oct 19, 2026
- Market cap
- $17.35B
- P/E (TTM)
- 33.6
- Dividend yield
- 1.21%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
44.5%+0.8 pts over 5 years
Operating margin
20.2%−1.9 pts over 5 years
Net margin
14.0%−2.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.8% | +2.8% | +8.0% | +5.5% | |
| Gross profit | +6.5% | +2.5% | +8.4% | +5.5% | |
| Operating income | +3.3% | -2.4% | +6.1% | +4.8% | |
| Net income | -4.3% | -6.3% | +5.0% | +5.5% | |
| EPS, diluted | -3.5% | -6.0% | +5.3% | +5.9% | |
| Free cash flow | +2.3% | +8.0% | +3.6% | +6.9% | |
| Dividend per share | +2.9% | +5.8% | +7.3% | +8.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 18.2% | 15.7% | 12.4% | |
| Return on assets | 9.1% | 9.2% | 7.1% | |
| Current ratio | 2.66 | 4.15 | 2.86 | |
| Debt to equity | 0.66 | 0.41 | 0.45 | |
| Net debt to EBITDA | 1.56× | 0.03× | – | |
| Interest coverage | 9.0× | 11.6× | – | |
| Inventory turnover | 4.8× | 4.5× | 4.2× | |
| Capex to revenue | 1.8% | 2.2% | 1.8% | |
| Diluted shares | 77M | 76M | 75M |
Where the cash went
Fiscal 2021 to 2025, five years combined
IDEX generated $3.19B from operations and spent $1.73B on capital expenditure, dividends and share buybacks. 21% of that went back into the business.
Generated
$3.19B
Used
$1.73B
Capital expenditure$359.30M21%Dividends$947.10M55%Share buybacks$420.10M24%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin14.0%
×Asset turnover0.51×
×Equity multiplier1.75×
=Return on equity, FY202512.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 14.0% | 0.51× | 1.75× | 12.4% |
| FY2024 | 15.4% | 0.52× | 1.72× | 13.8% |
| FY2023 | 18.2% | 0.58× | 1.73× | 18.1% |
| FY2022 | 18.4% | 0.61× | 1.79× | 20.1% |
| FY2021 | 16.3% | 0.59× | 1.75× | 16.8% |
| FY2020 | 16.1% | 0.57× | 1.71× | 15.7% |
| FY2019 | 17.1% | 0.68× | 1.71× | 20.0% |
| FY2018 | 16.5% | 0.72× | 1.77× | 21.2% |
| FY2017 | 14.7% | 0.70× | 1.91× | 19.7% |
| FY2016 | 12.8% | 0.71× | 2.00× | 18.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$483.20M
- Cash generatingOperating cash flow above zero$680.40M
- Return on assets improvedROA up on the prior year8.6% → 7.2%
- Earnings backed by cashOperating cash flow above net income$680.40M vs $483.20M
- Less leverageLong-term debt to assets fell27.6% → 26.3%
- Better liquidityCurrent ratio rose2.53 → 2.86
- No dilutionShare count did not rise76M → 75M
- Gross margin improvedGross margin up on the prior year44.21% → 44.51%
- More efficientAsset turnover rose0.56 → 0.51