IDEX Corporation (IEX) AI Stock Analysis

IDEX Corporation delivers specialized industrial solutions globally across three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment manufactures positive displacement pumps, flow meters, injectors, fluid-handling systems, and flow monitoring services for food, chemical, water treatment, and energy markets. The HST segment designs precision fluidics, rotary lobe pumps, pneumatic components, optical coatings, and biomedical implants for pharmaceuticals, biotechnology, cosmetics, and defense. The FSDP segment produces firefighting pumps, valves, rescue tools, stainless steel banding solutions, and colorant dispensing and mixing equipment.

IDEX Corporation grew revenue from $2.76B in FY2021 to $3.18B in FY2022 and $3.27B in FY2023. Revenue fell 0.2% to $3.27B in FY2024 before increasing 5.8% to $3.46B in FY2025, reflecting a 5-year revenue CAGR of 8.0% from FY2020. Annual net income peaked at $596.1M in FY2023 before declining to $505.0M in FY2024 and $483.2M in FY2025, alongside an operating margin of 20.8% and EPS of $7.95. In the latest quarter ended June 30, 2026, quarterly revenue increased 6.4% year-over-year and quarterly earnings grew 10.9%. Trailing twelve months revenue stood at $3.59B with a profit margin of 14.5%.

As of June 30, 2026, IDEX reported cash and short-term investments of $621.3M and total debt of $1.89B, leaving net debt at $1.26B. Shareholders' equity was $4.01B against total assets of $6.93B, yielding a debt-to-equity ratio of 0.47 and a current ratio of 3.05. In FY2025, operating cash flow was $680.4M and free cash flow was $616.8M. Capital deployment in FY2025 included $63.6M in capital expenditures, $247.8M in share buybacks, and $212.6M in dividends paid.

At its last close of $235.55 on October 16, 2026, IDEX Corporation had a market capitalization of $17.36B and an enterprise value of $17.90B. The stock trades at a trailing P/E of 33.9x and a forward P/E of 24.0x, above the median of its S&P 500 Industrials peers of 28.4x trailing and 20.1x forward. Its price-to-sales ratio of 4.8x and EV/EBITDA of 18.7x also sit above peer medians of 3.1x and 17.2x. Over the past year, IDEX returned 44.7% compared to 16.8% for the S&P 500, while its 5-year return of 17.8% trailed the index's 83.0%.

IDEX Corporation pays a quarterly dividend with an annualized forward payout of $2.92 per share, resulting in a dividend yield of 1.24%. The dividend payout ratio is 34.3%. The company has paid dividends for 32 consecutive years and achieved an annualized 5-year dividend growth rate of 7.1%. Its last ex-dividend date was October 2, 2026.

Wall Street coverage consists of 9 Strong Buy, 1 Buy, and 5 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target is $256.29, which is 8.8% above the last close of $235.55. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $8.83 and revenue of $3.69B. For the subsequent fiscal year, 15 analysts forecast EPS of $9.64 and revenue of $3.91B. IDEX beat EPS estimates in each of the last 4 quarters, with its next earnings report set for October 28, 2026.

This page is an AI-written research summary of IDEX Corporation (IEX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: IEX income statement, IEX balance sheet, IEX key metrics, IEX analyst forecast, IEX chart. See the IEX stock overview for the latest quote and news.