Financials

IDEX Corporation financials

IEX Machinery

IDEX Corporation is a diversified industrial company focused on engineered products and technologies in niche markets such as fluidics, health sciences, and fire & safety. It generates significant revenue through high-margin product sales, including precision pumps and metering systems, and reported around $3.2 billion in fiscal 2022. Under CEO Andrew Silverstein, IDEX has built a strong competitive position through both organic growth and strategic acquisitions. The company is actively pursuing expansion and technological innovation to drive future growth.

Snapshot

IDEX Corporation reported $3.46B in revenue in fiscal 2025, up 5.8% year over year, with an operating margin of 20.2%.

Revenue (FY2025): $3.46B
YoY growth: +5.8%
Operating margin: 20.2%
Direction: Expanding

Financial statements

In thousands, USD · annual

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	3,457,500	3,268,800	3,273,900	3,181,900
Cost of Sales	1,918,700	1,823,600	1,827,000	1,755,000
Gross Profit	1,538,800	1,445,200	1,446,900	1,426,900
Selling, General & Administrative Expenses	818,800	758,700	703,500	652,700
Other Operating Expenses	20,700	9,300	10,900	22,800
Operating Profit	699,300	677,200	732,500	751,400
Interest Expense	(64,400)	(44,500)	(51,700)	(40,700)
Non-Operating Income	2,300	1,400	89,900	30,900
Total Non-Operating Income	(62,100)	(43,100)	38,200	(9,800)
Income Before Provision for Income Taxes	632,600	639,300	760,300	749,400
Provision for Income Taxes	150,100	134,700	164,700	162,700
Consolidated Net Income	482,500	504,600	595,600	586,700
Net Income Attributable to Minority Interests and Other	(700)	(400)	(500)	(200)
Net Income Attributable to Common Shareholders	483,200	505,000	596,100	586,900
Basic EPS	6.41	6.66	7.87	7.74
Diluted EPS	6.41	6.64	7.85	7.71
Basic Weighted Average Shares Outstanding	75,300	75,700	75,600	75,700
Diluted Weighted Average Shares Outstanding	75,300	75,900	75,900	76,000
Shares Outstanding	74,600	75,900	75,729	75,614

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	580,000	620,800	534,300	430,200
Total Cash and Cash Equivalents	580,000	620,800	534,300	430,200
Accounts Receivable	521,700	465,900	427,800	442,800
Total Trade Receivables	521,700	465,900	427,800	442,800
Inventories	479,400	429,700	420,800	470,900
Other Current Assets	62,100	76,300	63,400	55,400
Total Current Assets	1,643,200	1,592,700	1,446,300	1,399,300
Net Property, Plant & Equipment	468,000	460,400	430,300	382,100
Net Intangible Assets	1,247,400	1,284,800	1,011,800	947,800
Goodwill	3,414,500	3,251,700	2,838,300	2,638,100
Other Long-Term Assets	153,900	155,700	138,500	144,600
Total Assets	6,927,000	6,745,300	5,865,200	5,511,900
Accounts Payable	224,700	197,800	179,700	208,900
Accrued Expenses	297,000	278,700	271,500	289,100
Current Portion of Long-Term Debt	700	100,700	600	—
Other Current Liabilities	53,000	52,500	48,500	45,600
Total Current Liabilities	575,400	629,700	500,300	543,600
Long-Term Debt	1,820,100	1,859,500	1,325,100	1,468,700
Other Long-Term Liabilities	505,300	462,000	498,600	460,000
Total Long-Term Liabilities	2,325,400	2,321,500	1,823,700	1,928,700
Total Liabilities	2,900,800	2,951,200	2,324,000	2,472,300
Common Stock	900	900	900	900
Treasury Stock	(1,423,200)	(1,170,300)	(1,187,000)	(1,184,300)
Additional Paid-in Capital	892,100	864,800	839,000	817,200
Accumulated Other Comprehensive Income	57,600	(130,900)	(45,800)	(126,200)
Retained Earnings	4,500,100	4,230,200	3,934,300	3,531,700
Total Common Shareholders' Equity	4,027,500	3,794,700	3,541,400	3,039,300
Minority Interests and Other	(1,300)	(600)	(200)	300
Total Shareholders' Equity	4,026,200	3,794,100	3,541,200	3,039,600
Total Liabilities and Shareholders' Equity	6,927,000	6,745,300	5,865,200	5,511,900

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	482,500	504,600	595,600	586,700
Depreciation & Amortization	206,500	175,600	152,100	119,700
Share-Based Compensation Expense	27,300	25,800	21,800	21,600
Other Adjustments	21,200	(23,300)	(98,600)	(35,900)
Changes in Trade Receivables	(41,200)	(16,900)	20,500	(71,700)
Changes in Inventories	(34,200)	17,600	66,200	(72,400)
Changes in Accounts Payable	15,200	8,900	(25,300)	17,600
Changes in Accrued Expenses	1,800	(8,600)	(34,800)	16,600
Changes in Unearned Revenue	2,700	(17,900)	12,700	(25,000)
Changes in Other Operating Activities	6,300	2,300	(1,200)	200
Cash from Operating Activities	680,400	668,100	716,700	557,400
Capital Expenditure	(63,600)	(65,100)	(89,900)	(68,000)
Purchases of Investments	—	—	(29,000)	—
Proceeds from Sale of Investments	—	4,500	24,800	39,700
Payments for Business Acquisitions	(76,200)	(984,500)	(311,800)	(945,600)
Proceeds from Business Divestments	—	45,100	118,600	49,400
Other Investing Activities	2,200	(6,500)	3,500	7,300
Cash from Investing Activities	(137,600)	(1,006,500)	(283,800)	(917,200)
Issuance of Short-Term Debt	252,000	279,300	—	210,400
Repayments of Short-Term Debt	(322,900)	(69,100)	—	(135,000)
Net Issuance / (Repayments) of Short-Term Debt	(70,900)	210,200	—	75,400
Issuance of Long-Term Debt	—	496,700	100,000	200,000
Repayments of Long-Term Debt	(100,000)	(50,000)	(250,000)	—
Net Issuance / (Repayments) of Long-Term Debt	(100,000)	446,700	(150,000)	200,000
Issuance of Common Shares	(500)	16,700	21,500	14,100
Repurchases of Common Shares	(247,800)	—	(24,200)	(148,100)
Net Issuance / (Repurchases) of Common Shares	(248,300)	16,700	(2,700)	(134,000)
Common Share Dividends Paid	(212,600)	(205,300)	(190,700)	(177,400)
Other Financing Activities	(800)	(2,400)	(1,300)	(1,800)
Cash from Financing Activities	(632,600)	465,900	(344,700)	(37,800)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	36,800	(22,900)	15,900	(27,600)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	(53,000)	104,600	104,100	(425,200)

Quarterly trend

last 8 quarters

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2026	$887M	+8.9%	19.4%	$172M
Q4 2025	$899M	+4.2%	20.4%	$184M
Q3 2025	$879M	+10.1%	21.1%	$186M
Q2 2025	$865M	+7.2%	21.7%	$188M
Q1 2025	$814M	—	17.4%	$142M
Q4 2024	$863M	—	19.2%	$165M
Q3 2024	$798M	—	21.0%	$168M
Q2 2024	$807M	—	22.6%	$183M

Revenue by quarter$M

$807M

Q2 '24

$798M

Q3 '24

$863M

Q4 '24

$814M

Q1 '25

$865M

Q2 '25

$879M

Q3 '25

$899M

Q4 '25

$887M

Q1 '26

44.5%

Gross margin

20.2%

Operating margin

14.0%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-09

Snapshot

Financial statements

Quarterly trend

More on IDEX Corporation

See how VectorShift works for your firm