IDEX Past Earnings Performance
Past criteria checks 5/6
IDEX has been growing earnings at an average annual rate of 0.5%, while the Machinery industry saw earnings growing at 9.2% annually. Revenues have been growing at an average rate of 5% per year. IDEX's return on equity is 13%, and it has net margins of 14.5%.
Key information
0.55%
Earnings growth rate
0.78%
EPS growth rate
| Machinery Industry Growth | 8.77% |
| Revenue growth rate | 5.02% |
| Return on equity | 12.96% |
| Net Margin | 14.49% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Seeking Alpha • Sep 19
IDEX Corporation: One Segment's Impressive Growth Is Not Enough To Carry The Rest
Summary IDEX Corporation is rated Hold due to narrow growth drivers and a premium valuation despite strong HST segment momentum. IEX's diversified portfolio dilutes high growth in data center and semiconductor-related segments, resulting in only 5–6% consolidated revenue growth. HST segment drives nearly all incremental EBITDA and revenue, while other segments underperform or show minimal growth. IEX returns 85% of operating cash flow to shareholders via buybacks and dividends, but low yield and high valuation limit current upside. Read the full article on Seeking Alpha
Narrative Update • Aug 14
IEX: Strong Buy Ratings And Ongoing Buybacks Will Support Future Returns
Analysts have increased their price target for IDEX to $254.50 from $248, reflecting updated assumptions for revenue growth, profit margins and a slightly different discount rate, while leaving long term P/E expectations broadly unchanged. What’s in the News for IDEX Analysts at RBC Capital have kept a Buy rating on IDEX Corporation and set a price target of US$280, according to recent research coverage.Narrative Update • Jul 30
IEX: Ongoing Buybacks And Long Dividend Streak Will Support Future Returns
Analysts have raised their price target for IDEX to $248 from $238.29, citing updated assumptions that reflect the latest views on growth, profitability, and valuation multiples. What’s in the News for IDEX IDEX reported that from April 1, 2026 to June 30, 2026, the company repurchased 364,270 shares for US$77 million, representing 0.49% of its shares under an ongoing buyback program.Analysis Article • Jun 16
Idex (IEX) Stock Valuation Check After Recent Gains And Conflicting P/E And DCF Signals
Recent performance snapshot and what it means for IDEX (IEX) IDEX (IEX) has drawn fresh attention after a steady run, with the stock last closing at US$222.04 and total return figures highlighting how the company has been tracking over different holding periods. Over the past month, IDEX shows a 6.9% return, and about 16.6% over the past 3 months, with year to date performance at 24% and a 1 year total return of 25.3%. Longer holding periods show total returns of 10.3% over 3 years and 9%...Narrative Update • Jun 16
IEX: Steady Buybacks And Dividend Record Will Support Future Returns
Analysts have nudged their price target on IDEX slightly higher to about $238 per share, reflecting small adjustments to fair value, discount rate, long term revenue growth, profit margin, and future P/E assumptions in their models. What's in the News IDEX's board approved a regular quarterly cash dividend of US$0.73 per common share, scheduled for payment on June 5, 2026, to shareholders of record on May 22, 2026, marking the company’s 126th consecutive regular quarterly dividend (Key Developments).Narrative Update • Jun 01
IEX: Dividend Strength And AI-Driven Demand Should Support Future Returns
Analysts have maintained their $237.71 price target for IDEX, citing only very small adjustments in the discount rate, revenue growth, profit margin, and future P/E assumptions as the reasons for leaving their valuation unchanged. What's in the News IDEX reported first quarter fiscal 2026 results that came in stronger than expected, according to recent Wall Street coverage.Narrative Update • May 14
IEX: Dividend Strength And Buybacks Will Support Returns Going Forward
Analysts have adjusted their price target on IDEX to $237.71 from $222.71, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. What's in the News IDEX Corporation's Board of Directors approved a regular quarterly cash dividend of $0.73 per common share, scheduled to be paid on June 5, 2026, to shareholders of record on May 22, 2026.Narrative Update • Apr 26
IEX: Balanced Outlook As Buybacks And M&A Plans Will Shape Returns
Analysts now project only a slight reduction in IDEX's fair value estimate, with the updated price target moving from about $222.93 to $222.71. This reflects modest adjustments to assumptions around discount rate, revenue growth, profit margin and future P/E.Narrative Update • Apr 12
IEX: Balanced Outlook As Buybacks And M&A Plans Shape Future Returns
Analysts have inched their price target for IDEX lower to about $223 from roughly $224, reflecting slightly revised assumptions on fair value, discount rate and forward P/E, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News IDEX completed a share repurchase tranche from October 1, 2025 to February 19, 2026, buying 632,280 shares for US$113.1 million, equal to 0.84% of shares under the existing program (Key Developments).Narrative Update • Mar 28
IEX: Ongoing Buybacks And M&A Focus Will Support Future Upside
Analysts have slightly reduced their IDEX price target to $224.29 from $225.08, citing minor model updates to fair value, discount rate, revenue growth, profit margin, and forward P/E assumptions. What's in the News IDEX completed a share repurchase program announced on April 21, 2008, buying back a total of 19,293,107 shares for US$1,623.91m, representing 24.31% of the company (Key Developments).Narrative Update • Mar 14
IEX: Ongoing M&A And Buybacks Will Support Attractive Future Upside
Analysts have raised their price target on IDEX to about $225 from roughly $224, reflecting slightly updated assumptions around the discount rate, revenue growth, profit margin, and forward P/E. What's in the News IDEX is actively pursuing mergers and acquisitions, with management describing the company as about halfway through a multiyear capital deployment cycle focused on building out existing platforms and markets (Key Developments).Narrative Update • Feb 27
IEX: Future CFO And Continued M&A Will Support Steady Outlook
Analysts have kept their average IDEX price target broadly steady around $223.54, with only marginal tweaks to inputs such as the discount rate and assumed future P/E multiple to reflect updated views on the company’s risk profile and valuation framework. What's in the News IDEX is actively pursuing mergers and acquisitions, with management indicating they see themselves around the midpoint of a long term capital deployment cycle and planning additional deals to build out existing market positions, using prior acquisition activity as a reference point for future bolt on targets (Key Developments).Narrative Update • Feb 13
IEX: Future CFO Transition And Ongoing Buybacks Will Support Steady Outlook
Analysts have lifted their price target on IDEX to $223.54 from $198.62, reflecting updated assumptions that include a slightly lower discount rate and modest tweaks to revenue growth, profit margin, and future P/E expectations. What's in the News IDEX completed a share repurchase tranche between October 1, 2025 and December 31, 2025, buying 400,000 shares, or 0.53% of the company, for $75 million under its long running buyback program announced on April 21, 2008 (Key Developments).Narrative Update • Jan 30
IEX: Future CFO Transition And Capital Deployment Will Support Steady Outlook
Analysts have nudged their price target on IDEX higher to about US$199 from roughly US$197, citing updated assumptions that include a slightly lower discount rate, modest tweaks to revenue growth and profit margin expectations, and a marginally higher future P/E estimate. What's in the News IDEX appointed Sean M.Narrative Update • Jan 15
IEX: Future CFO Appointment And Buybacks Will Support Steady Outlook
Analysts have modestly raised their fair value estimate for IDEX to US$197.08 from US$194.62, citing slightly lower assumed revenue growth and profit margins that are offset by a higher future P/E multiple and updated discount rate assumptions. What's in the News IDEX appointed Sean M.Analysis Article • Jan 07
These 4 Measures Indicate That IDEX (NYSE:IEX) Is Using Debt Reasonably Well
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Apr 27
IDEX Corporation: It's Best To Remain Cautious As Earnings Near
Summary IDEX Corporation's stock has fallen 19.3% since last July, but I still rate it a 'hold' due to its high valuation. Revenue and profitability metrics for IDEX have been volatile, with mixed results across its three main business segments. Management's 2025 guidance suggests modest revenue growth and improved earnings, but economic uncertainty and potential tariff impacts remain concerns. Awaiting Q1 2025 results on May 1st, IDEX's stock remains fairly valued compared to peers, but not attractive enough for an upgrade. Read the full article on Seeking AlphaSeeking Alpha • Feb 09
IDEX: A Wonderful Mid-Cap Focused On Long-Term Value Generation
Summary IDEX Corporation is a niche industrial manufacturer with a wide economic moat, producing mission-critical products with significant pricing power and high switching costs. Despite softer 2024 earnings, IDEX remains highly profitable with robust margins and a strong balance sheet. The firm's strategic acquisitions and entrenched customer relationships bolster its market position, ensuring continued growth and competitive insulation. Given the fair valuation and conservative fiscal management, I rate IDEX a Hold, awaiting a larger undervaluation for a potential buy. Read the full article on Seeking AlphaSeeking Alpha • Nov 06
IDEX Corporation: A Demanding Valuation For A Great Business
Summary IDEX Corporation faces sluggish organic growth and slower order intake, yet it maintains a strong long-term value proposition through mission-critical industrial and technology solutions. Despite a solid historical performance, current valuation multiples are demanding, especially given the flattish reported results. The company’s recent $1 billion acquisition of Mott is strategically aligned but comes at a high valuation, reflecting IDEX’s increased reliance on M&A for growth. Shares have risen to $235, driven by optimism, but I remain cautious due to lackluster operating performance and heightened expectations at nearly 30 times earnings. Read the full article on Seeking AlphaSeeking Alpha • Sep 02
IDEX Corp. Q2: Project Delay And Weakness In Life Science
Summary I reiterate a 'Buy' rating for IDEX, with a fair price target of $220 per share, despite near-term headwinds in organic revenue and market softness. IDEX's acquisition of Mott Corporation for $1 billion is strategically favorable, enhancing their applied material science technology and potentially improving overall margins. Project delays and market weakness, particularly in the life science sector, have led to a 4% organic revenue decline and lowered full-year growth guidance. Long-term growth prospects remain strong due to active portfolio management, strategic acquisitions, and anticipated recovery in industrial activities and life science markets by 2025. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How IDEX makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 3,585 | 520 | 848 | 0 |
| 31 Mar 26 | 3,530 | 508 | 827 | 0 |
| 31 Dec 25 | 3,458 | 483 | 815 | 0 |
| 30 Sep 25 | 3,421 | 478 | 811 | 0 |
| 30 Jun 25 | 3,341 | 469 | 786 | 0 |
| 31 Mar 25 | 3,283 | 479 | 764 | 0 |
| 31 Dec 24 | 3,269 | 505 | 749 | 0 |
| 30 Sep 24 | 3,195 | 490 | 724 | 0 |
| 30 Jun 24 | 3,190 | 580 | 711 | 0 |
| 31 Mar 24 | 3,229 | 578 | 702 | 0 |
| 31 Dec 23 | 3,274 | 596 | 697 | 0 |
| 30 Sep 23 | 3,296 | 618 | 690 | 0 |
| 30 Jun 23 | 3,326 | 587 | 686 | 0 |
| 31 Mar 23 | 3,276 | 587 | 681 | 0 |
| 31 Dec 22 | 3,182 | 587 | 647 | 0 |
| 30 Sep 22 | 3,086 | 576 | 626 | 0 |
| 30 Jun 22 | 2,974 | 513 | 614 | 0 |
| 31 Mar 22 | 2,864 | 477 | 602 | 0 |
| 31 Dec 21 | 2,765 | 449 | 582 | 0 |
| 30 Sep 21 | 2,665 | 432 | 561 | 0 |
| 30 Jun 21 | 2,534 | 420 | 530 | 0 |
| 31 Mar 21 | 2,409 | 389 | 497 | 0 |
| 31 Dec 20 | 2,352 | 378 | 494 | 0 |
| 30 Sep 20 | 2,343 | 374 | 492 | 0 |
| 30 Jun 20 | 2,386 | 375 | 506 | 0 |
| 31 Mar 20 | 2,467 | 417 | 521 | 0 |
| 31 Dec 19 | 2,495 | 426 | 527 | 0 |
| 30 Sep 19 | 2,503 | 427 | 530 | 0 |
| 30 Jun 19 | 2,501 | 428 | 532 | 0 |
| 31 Mar 19 | 2,494 | 422 | 532 | 0 |
| 31 Dec 18 | 2,484 | 411 | 534 | 0 |
| 30 Sep 18 | 2,455 | 406 | 543 | 0 |
| 30 Jun 18 | 2,407 | 384 | 541 | 0 |
| 31 Mar 18 | 2,346 | 360 | 537 | 0 |
| 31 Dec 17 | 2,287 | 337 | 527 | 0 |
| 30 Sep 17 | 2,232 | 301 | 515 | 0 |
| 30 Jun 17 | 2,188 | 287 | 507 | 0 |
| 31 Mar 17 | 2,164 | 279 | 504 | 0 |
| 31 Dec 16 | 2,113 | 271 | 495 | 0 |
| 30 Sep 16 | 2,082 | 281 | 488 | 0 |
| 30 Jun 16 | 2,056 | 290 | 480 | 0 |
| 31 Mar 16 | 2,021 | 284 | 472 | 0 |
| 31 Dec 15 | 2,021 | 283 | 472 | 0 |
| 30 Sep 15 | 2,045 | 277 | 478 | 0 |
Quality Earnings: IEX has high quality earnings.
Growing Profit Margin: IEX's current net profit margins (14.5%) are higher than last year (14.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: IEX's earnings have grown by 0.5% per year over the past 5 years.
Accelerating Growth: IEX's earnings growth over the past year (10.7%) exceeds its 5-year average (0.5% per year).
Earnings vs Industry: IEX earnings growth over the past year (10.7%) exceeded the Machinery industry 8.5%.
Return on Equity
High ROE: IEX's Return on Equity (13%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/21 04:04 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
IDEX Corporation is covered by 28 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| Michael Halloran | Baird |
| Walter Liptak | Barrington Research Associates, Inc. |