IDEX Corporation
- Open
- 226.20
- Day high
- 226.29
- Day low
- 223.61
- Prev close
- 224.61
- Volume
- 14K
- Mkt cap
- $16.5B
- P/E (TTM)
- 32.1
- EPS (TTM)
- $6.97
- P/B
- 4.1
- P/S
- 4.6
- Yield
- 1.29%
- Per share
- $2.88
- ▼Insiders net selling -$92K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
IDEX Corporation (IEX) is a Industrials company listed on NYSE. The stock is up 40% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 1 published research article covering IEX.
IDEX Corporation (IEX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 9 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
IEX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 29, 2026 | $2.11 | $2.32 | +10.0% | $921M | +1.7% |
| Apr 29, 2026 | $1.78 | $2.00 | +12.4% | $887M | +4.9% |
| Feb 4, 2026 | $2.04 | $2.10 | +2.9% | $899M | +5.6% |
| Oct 29, 2025 | $1.93 | $2.03 | +5.2% | $879M | +2.0% |
| Jul 30, 2025 | $2.00 | $2.07 | +3.5% | $865M | -0.8% |
| May 1, 2025 | $1.64 | $1.75 | +6.7% | $814M | +1.0% |
| Feb 4, 2025 | $2.03 | $2.04 | +0.5% | $863M | -0.4% |
| Jul 31, 2024 | $2.04 | $2.06 | +1.0% | $807M | -2.5% |
| Oct 25, 2023 | $1.89 | $2.12 | +12.2% | $793M | -0.1% |
| Jul 26, 2023 | $2.11 | $2.18 | +3.3% | $846M | -0.6% |
| Jan 31, 2023 | $1.98 | $2.01 | +1.5% | $811M | +4.9% |
| Jul 26, 2022 | $1.89 | $2.02 | +6.9% | $796M | +3.9% |
IEX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 1, 2026 | Lausas Allison Sofficer: VP, Chief Accounting Officer | Tax | 645 | $230.28 |
| Aug 13, 2026 | Anderson Lisa Mofficer: SVP, GC, CAO & Corp Sec | Option | 385 | $93.27 |
| Aug 13, 2026 | Anderson Lisa Mofficer: SVP, GC, CAO & Corp Sec | Sell | 385 | $238.59 |
| May 13, 2026 | ASHLEMAN ERIC Ddirector, officer: CEO and President | Sell | 10,470 | $214.95 |
| May 13, 2026 | ASHLEMAN ERIC Ddirector, officer: CEO and President | Option | 15,385 | $93.27 |
| May 13, 2026 | ASHLEMAN ERIC Ddirector, officer: CEO and President | Sell | 4,915 | $215.81 |
| May 8, 2026 | Beck Mark Adirector | Grant | 805 | — |
| May 8, 2026 | Watts Stanfield Parisdirector | Grant | 805 | — |
| May 8, 2026 | Gunter Lakecia Ndirector | Grant | 805 | — |
| May 8, 2026 | Glastra Matthijsdirector | Grant | 805 | — |
| May 8, 2026 | BUTHMAN MARK Adirector | Grant | 805 | — |
| May 8, 2026 | Christenson Carl Rdirector | Grant | 805 | — |
| May 8, 2026 | Helmkamp Katrina Ldirector | Grant | 1,035 | — |
| May 8, 2026 | Disher Stephaniedirector | Grant | 805 | — |
| May 8, 2026 | Quiroz Alejandrodirector | Grant | 805 | — |
Source: IEX SEC Form 4 filings, latest Sep 1, 2026. For informational purposes only — not investment advice.
See the full IEX insider & 13F page →IDEX Corporation company profile
Overview
IDEX Corporation (NYSE:IEX) is a diversified industrial technology company founded in 1987 and headquartered in Northbrook, Illinois. The company went public in 1989 and has grown through a combination of organic expansion and strategic acquisitions to become a leading provider of engineered solutions across multiple industrial markets. IDEX operates through three main business segments, serving customers in fluid handling, health and science technologies, and fire safety applications worldwide.
Business
IDEX Corporation operates in the industrial machinery sector, providing highly engineered fluid handling systems, precision components, and specialized equipment across diverse end markets. The company's business is organized into three primary segments: Fluid & Metering Technologies (FMT) represents the largest segment, designing and manufacturing positive displacement pumps, flow meters, injectors, and fluid-handling systems. These products serve critical applications in food and beverage processing, chemical manufacturing, water treatment, agriculture, and energy industries. The segment includes well-known brands that provide precise fluid control solutions where accuracy and reliability are paramount. This segment typically generates approximately 40-45% of total company revenue. Health & Science Technologies (HST) focuses on precision fluidics and components for life sciences, pharmaceutical, semiconductor, and analytical instrumentation markets. Products include specialized pumps, sealing solutions, biocompatible medical devices, optical components, laboratory equipment, and precision gear technologies. This segment serves the growing biotechnology, pharmaceutical manufacturing, and high-tech semiconductor industries, representing roughly 35-40% of total revenue. Fire & Safety/Diversified Products (FSDP) manufactures firefighting equipment, rescue tools, industrial banding and clamping systems, and precision dispensing equipment for paint and colorant applications. This segment serves fire departments, industrial manufacturers, and retail paint operations, accounting for approximately 20-25% of company revenue. The segment has shown consistent growth driven by municipal infrastructure investments and industrial safety requirements.
Revenue model
IDEX generates revenue primarily through direct product sales to industrial customers, with a business model centered on engineered-to-order and standard product offerings. The company sells through a combination of direct sales forces, distributors, and channel partners, depending on the market and application. Revenue streams include: 1. Product sales of pumps, valves, and engineered systems, which constitute the majority of revenue. 2. Aftermarket services including maintenance, repair, and replacement parts, providing recurring revenue with higher margins. 3. Custom engineering solutions for specialized applications, typically commanding premium pricing. Key factors that influence IDEX's profitability include raw material costs (particularly stainless steel and other specialty metals), manufacturing efficiency through their 80/20 methodology (focusing resources on the most profitable 20% of products and customers), and pricing power in niche markets. The company benefits from serving mission-critical applications where performance and reliability outweigh price considerations, allowing for premium pricing. However, margins can be pressured by economic downturns affecting industrial capital expenditures, commodity price inflation, and competitive dynamics in more commoditized product lines. The company's geographic diversification and exposure to defensive end markets like municipal water infrastructure provide some stability during economic cycles.
Competitive moat
IDEX possesses a moderate but meaningful competitive moat built on several key factors. The company's primary advantage lies in its specialized engineering expertise and deep customer relationships in niche industrial applications. Many of IDEX's products are designed for mission-critical processes where failure carries high costs, creating customer switching reluctance and allowing for premium pricing. The company benefits from technical complexity barriers - its products often require specialized knowledge to design, manufacture, and service, making it difficult for new entrants to compete effectively. IDEX has also built a portfolio of well-regarded brands with strong reputations in their respective markets, particularly in fluid handling and fire safety applications. However, the moat faces several challenges. The industrial machinery sector is highly competitive with numerous established players, and many of IDEX's markets are cyclical and sensitive to economic conditions. The company lacks the scale advantages of larger industrial conglomerates and faces pressure from both traditional competitors and emerging technology solutions. In semiconductor and life sciences markets, customer concentration and rapid technological change can erode competitive positions. While IDEX's diversification across multiple end markets provides some protection, it also limits the company's ability to achieve dominant positions in any single market. The moat is best described as moderate - sufficient to generate attractive returns in favorable conditions but vulnerable to market cycles and competitive pressures.
Risks & safety
IDEX demonstrates a solid financial position with reasonable margin of safety characteristics: • Strong liquidity position: $594 million in cash and short-term investments as of Q1 2025, with current ratio of 2.79x indicating strong ability to meet short-term obligations • Manageable debt levels: Debt-to-equity ratio of 0.50x, indicating moderate leverage that is well within acceptable ranges for industrial companies • Positive cash generation: Consistent free cash flow generation of $91 million in Q1 2025, with strong operating cash flows supporting dividend payments and growth investments • Valuation concerns: Trading at elevated multiples with P/E ratio of 35.9x and EV/EBITDA of 26.5x, suggesting limited valuation-based margin of safety • Cyclical exposure: Revenue dependent on industrial capital expenditure cycles, with recent quarters showing organic revenue declines in key segments • Tariff headwinds: Management expects $100 million annual impact from tariffs, though they are implementing cost reduction measures to offset
Recent development
Over the past few years, IDEX has undergone significant strategic repositioning focused on platform optimization and portfolio reshaping toward higher-growth markets. The company has implemented a "delayering" strategy to create flatter organizational structures and enable faster decision-making across business units. Key strategic moves include the acquisition of Mott Corporation, a materials science technology company that expands IDEX's capabilities in energy transition and semiconductor markets. The company also acquired Subterra, adding digital underground infrastructure technology to strengthen their intelligent water platform. These acquisitions align with IDEX's focus on growth platforms in space, defense, water infrastructure, and energy transition. The company has been actively reshaping its portfolio, divesting non-core assets like Alfa Valvole while investing in higher-growth, higher-margin businesses. IDEX is implementing strategic growth platforms that leverage scale across business segments, with over half the company now collaborating across thematic growth areas. Management expects these platform optimization efforts to contribute $0.43 of earnings per share growth in 2025. IDEX has also been preparing for external challenges, including potential tariff impacts by identifying $20 million in additional cost savings and implementing pricing actions. The company continues to focus on innovation, launching products like the MP350 Microlyser Processor for biotech manufacturing and Verisighht Ultra water inspection technology.
IEX company profile · for informational purposes only — not investment advice.
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