IDEX Corporation, together with its subsidiaries, provides applied solutions in the United States, North America, Europe, Asia, and internationally. It operates through three segments: Health & Science Technologies (HST), Fluid & Metering Technologies (FMT) and Fire & Safety/Diversified Products (FSDP). The HST segment designs, produces, and distributes a range of precision fluidics, positive displacement pumps, powder and liquid processing technologies, drying systems, micro-precision components, pneumatic components and sealing solutions, high performance molded and extruded sealing components, and custom mechanical and shaft seals. This segment also offers engineered hygienic mixers and valves, biocompatible medical devices and implantable products, air compressors and blowers, optical components and coatings, ultra-precision diamond tools, and laboratory and commercial equipment, as well as precision photonic solutions, technical ceramics, hermetic sealing products, porous material structures, and flow control solutions. The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, other fluid-handling pump modules, and systems; and provides flow monitoring and other services. The FSDP segment designs, produces, and distributes firefighting pumps, valves and controls, and rescue tools; lifting bags and other components and systems; engineered stainless steel banding and clamping devices; and precision equipment for dispensing, metering, and mixing colorants and paints. The company was incorporated in 1987 and is headquartered in Northbrook, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.5B | $904M | $483M | $617M | 12.0% | 5.8% | -4.3% |
| 2024 | $3.3B | $859M | $505M | $603M | 13.3% | -0.2% | -15.3% |
| 2023 | $3.3B | $964M | $596M | $627M | 16.8% | 2.9% | 1.6% |
| 2022 | $3.2B | $910M | $587M | $489M | 19.3% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,181.90 | 3,273.90 | 3,268.80 | 3,457.50 |
| Operating Revenue | - | 3,181.90 | 3,273.90 | 3,268.80 | 3,457.50 |
| Cost Of Revenue | - | 1,755 | 1,827 | 1,823.60 | 1,918.70 |
| Gross Profit | - | 1,426.90 | 1,446.90 | 1,445.20 | 1,538.80 |
| Operating Expense | - | 652.70 | 703.50 | 758.70 | 818.80 |
| Selling General And Administration | - | 652.70 | 703.50 | 758.70 | 818.80 |
| Total Expenses | - | 2,407.70 | 2,530.50 | 2,582.30 | 2,737.50 |
| Operating Income | - | 774.20 | 743.40 | 686.50 | 720 |
| Total Operating Income As Reported | - | 751.40 | 732.50 | 677.20 | 699.30 |
| EBITDA | - | 909.80 | 964.10 | 859.40 | 903.50 |
| Normalized EBITDA | - | 897.80 | 890.30 | 864.70 | 924.20 |
| EBIT | - | 790.10 | 812 | 683.80 | 697 |
| Interest Expense | - | 40.70 | 51.70 | 44.50 | 64.40 |
| Net Interest Income | - | -40.70 | -51.70 | -44.50 | -64.40 |
| Other Non Operating Income Expenses | - | 3.90 | -5.20 | 2.60 | -2.30 |
| Other Income Expense | - | 15.90 | 68.60 | -2.70 | -23 |
| Interest Expense Non Operating | - | 40.70 | 51.70 | 44.50 | 64.40 |
| Net Non Operating Interest Income Expense | - | -40.70 | -51.70 | -44.50 | -64.40 |
| Pretax Income | - | 749.40 | 760.30 | 639.30 | 632.60 |
| Tax Provision | - | 162.70 | 164.70 | 134.70 | 150.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 2.61 | 15.99 | -1.12 | -4.91 |
| Net Income Continuous Operations | - | 586.70 | 595.60 | 504.60 | 482.50 |
| Net Income From Continuing And Discontinued Operation | - | 586.90 | 596.10 | 505 | 483.20 |
| Net Income From Continuing Operation Net Minority Interest | - | 586.90 | 596.10 | 505 | 483.20 |
| Net Income | - | 586.90 | 596.10 | 505 | 483.20 |
| Net Income Common Stockholders | - | 586.90 | 596.10 | 505 | 483.20 |
| Net Income Including Noncontrolling Interests | - | 586.70 | 595.60 | 504.60 | 482.50 |
| Normalized Income | - | 577.51 | 538.29 | 509.18 | 498.99 |
| Diluted NI Availto Com Stockholders | - | 586.90 | 596.10 | 505 | 483.20 |
| Basic Average Shares | - | 75.70 | 75.60 | 75.70 | 75.30 |
| Diluted Average Shares | - | 76 | 75.90 | 75.90 | 75.30 |
| Reconciled Depreciation | - | 119.70 | 152.10 | 175.60 | 206.50 |
| Reconciled Cost Of Revenue | - | 1,755 | 1,827 | 1,823.60 | 1,918.70 |
| Total Unusual Items | - | 12 | 73.80 | -5.30 | -20.70 |
| Total Unusual Items Excluding Goodwill | - | 12 | 73.80 | -5.30 | -20.70 |
| Minority Interests | - | 0.20 | 0.50 | 0.40 | 0.70 |
| Special Income Charges | - | 12 | 73.80 | -5.30 | -20.70 |
| Gain On Sale Of Business | - | 34.80 | 84.70 | 4 | 0 |
| Impairment Of Capital Assets | - | 17.40 | 0.80 | 0.10 | 0.70 |
| Restructuring And Mergern Acquisition | - | 5.40 | 10.10 | 9.20 | 20 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| IDEX Corporationthis co. | IEX | $16.0B | 33.13β premium | 3.97 | 12.0% | 19.12 |
| Snap-on Incorporated | SNA | $19.6B | 19.30 | 3.31 | 17.1% | 12.99 |
| Global Payments Inc. | GPN | $18.5B | 13.25 | 0.81 | 6.1% | 9.65 |
| Lennox International Inc. | LII | $18.0B | 22.37 | 15.50 | 69.3% | 17.10 |
| Generac Holdings Inc. | GNRC | $16.4B | 102.62 |
| - |
| - |
| - |
| - |
| 6.22 |
| 6.1% |
| 37.73 |
| Nordson Corporation | NDSN | $16.0B | 32.95 | 5.24 | 15.9% | 21.06 |
| Textron Inc. | TXT | $15.8B | 17.20 | 2.01 | 11.7% | 10.63 |
| Jacobs Solutions Inc. | J | $14.6B | 50.43 | 4.01 | 7.9% | 17.33 |
| Masco Corporation | MAS | $14.1B | 17.41 | -75.82 | -435.5% | 12.05 |
| Peer Median | - | 20.84 | 3.66 | 9.8% | 15.05 | |