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Earnings transcript
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IEX
IDEX Corporation
$190.47
-1.51
(-0.79%)
| Exchange: | NYSE |
| Market Cap: | 14.161B |
| Shares Outstanding: | 146.104M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Industrial – Machinery | |||||
| CEO: | Eric D. Ashleman | |||||
| Full Time Employees: | 9000 | |||||
| Address: |
| |||||
| Website: | https://www.idexcorp.com |
IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries. The HST segment designs, produces, and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems, pneumatic components and sealing solutions, high performance molded and extruded sealing components, custom mechanical and shaft seals, engineered hygienic mixers and valves, biocompatible medical devices and implantables, air compressors and blowers, optical components and coatings, laboratory and commercial equipment, precision photonic solutions, and precision gear and peristaltic pump technologies. This segment serves food and beverage, pharmaceutical and biopharmaceutical, cosmetics, marine, chemical, wastewater and water treatment, life sciences, research, and defense markets. The FSDP segment designs, produces, and distributes firefighting pumps, valves and controls, rescue tools, lifting bags, and other components and systems for the fire and rescue industry; engineered stainless steel banding and clamping devices for various industrial and commercial applications; and precision equipment for dispensing, metering, and mixing colorants and paints used in retail and commercial businesses. IDEX Corporation was incorporated in 1987 and is headquartered in Northbrook, Illinois.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3,273,900 | 3,268,800 | 3,457,500 |
| Gross Profit | 1,622,800 | 1,516,700 | 1,538,800 |
| EBITDA | 964,100 | 859,400 | 903,500 |
| Operating Income | 750,700 | 696,900 | 720,000 |
| Net Income | 596,100 | 505,000 | 483,200 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 5,865,200 | 6,745,300 | 6,927,000 |
| Total Liabilities | 2,324,000 | 2,951,200 | 2,900,800 |
| Total Stockholders Equity | 3,541,400 | 3,794,700 | 4,027,500 |
| Total Debt | 1,445,800 | 1,960,200 | 700 |
| Cash and Cash Equivalents | 534,300 | 620,800 | 580,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 716,700 | 668,100 | 680,400 |
| Capital Expenditure | -89,900 | -65,100 | -63,600 |
| Free Cash Flow | 626,800 | 603,000 | 616,800 |
| Net Income | 595,600 | 504,600 | 482,500 |
| Net Change in Cash | 104,100 | 104,600 | -53,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 4,125,377.800 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 4,277,119.869 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 4,217,300 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,126,421.047 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,167,853.728 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,151,520.106 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 817,267.807 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 856,610.552 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 841,101.011 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 899,010.661 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 932,078.600 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 919,042.533 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 11.170 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 11.380 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 10.850 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: IEX demonstrates consistent revenue growth and positive net income trends over recent years, as reflected in the Income Statements data. Strong operating cash flow and free cash flow figures from the Cash Flow Statements indicate robust liquidity and operational efficiency.
- Favorable Valuation Metrics: The current price-to-earnings (P/E) ratio and price-to-sales (P/S) ratio from Key Metrics suggest IEX is reasonably valued compared to industry averages, providing a stable investment profile. Forward P/E ratios indicate potential for sustained investor confidence based on analyst estimates.
- Strong Balance Sheet: Data from the Balance Sheet shows a healthy level of cash and cash equivalents alongside manageable total liabilities, with a reasonable debt-to-equity ratio from Key Metrics, reflecting financial stability.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates IEX intrinsic value between $116.90 – $167.12 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about IEX valuation
Is IDEX Corporation (IEX) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for IDEX Corporation (IEX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is IEX a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether IEX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is IEX’s P/E ratio?
You can see IEX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for IEX?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is IEX a good long-term investment?
Whether IEX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
IEX
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.79
Trading Metrics:
| Open: | 189.8 | Previous Close: | 191.98 | |
| Day Low: | 187.77 | Day High: | 192.82 | |
| Year Low: | 153.36 | Year High: | 217.16 | |
| Price Avg 50: | 199.63 | Price Avg 200: | 178.72 | |
| Volume: | 351046 | Average Volume: | 885540 |
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Login — it's freeIEX full analysis
Welcome to MARKETSNAP’s SWOT analysis for Idex Corporation, or IEX as it’s known on the ticker. If you’re not familiar with Idex, let me give you the quick rundown. This company operates in the industrial machinery space, part of the broader industrials sector, and they’re known for their specialized engineering solutions, particularly in fluid and metering technologies, health and science technologies, and fire and safety products. With a solid market cap and a global presence, they’ve carved out a niche…
