IDEX (IEX) AI Stock Analysis

• Market Cap: $13.87B
• Dividend Yield: 1.52%
• Average Volume (3M): 697.00K
• Price to Earnings (P/E): 29.2
• Beta (1Y): 0.93
• Revenue Growth: 1.66%
• EPS Growth: -17.18%
• Country: US
• Employees: 9,000
• Sector: Industrials
• Sector Strength: 94
• Industry: Industrial - Machinery
• EPS (TTM): 1.75
• Shares Outstanding: 75,544,610
• 10 Day Avg. Volume: 660,754
• 30 Day Avg. Volume: 696,997
• PEG Ratio: -5.60
• Price to Book (P/B): 3.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 24.49
• Enterprise Value/Market Cap: 1.08
• Enterprise Value/Revenue: 1.15
• Enterprise Value/Gross Profit: 10.25
• Enterprise Value/Ebitda: 4.36
• 1Y Price Target: $215.14
• Price Target Upside: 15.86% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 76 Outperform
• Price Target: $208.00 ▲(12.01%Upside)

IDEX's strong financial health and proactive management during challenging market conditions contribute significantly to its score. While technical indicators and valuation suggest some caution, the company's strategic initiatives and earnings resilience drive a positive outlook.

Positive Factors

Earnings

The company reported a 4Q adjusted EPS of $2.04, which beat both the analyst's expectation and the consensus estimate.

Financial Performance

Adjusted EBITDA margins increased to 26.4% from the prior 25.8%, with FMT and HST contributing positively to the margin expansion.

Management Guidance

Management expects a material ramp in EBITDA margins based on improving volumes and internal cost-out initiatives.

Negative Factors

Investor Confidence

Investor confidence is low due to the substantial ramp required from weak 1Q.

Outlook

The 2025 outlook is below initial expectations, and a low first quarter guide suggests a cautious approach for the year.

Sales Performance

The company's 1Q outlook shows a decline in organic sales by 3-4%, which is below consensus expectations of a 3.7% increase.

IDEX Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

IDEX generates revenue primarily through transaction fees charged on trades executed on its decentralized exchange platform. These fees are typically a small percentage of the total transaction value, providing the company with a steady stream of income as trading volumes increase. Additionally, IDEX may engage in partnerships with other blockchain projects and service providers, further enhancing its revenue potential. The company's focus on maintaining a robust and efficient trading platform contributes significantly to its earnings, as it attracts more traders seeking trustworthy and cost-effective trading solutions.

IDEX Financial Statement Overview

Summary

IDEX has a strong financial position characterized by solid profitability, low leverage, and efficient cash flow management. However, there is room for improvement in operational efficiency and return on equity.

Income Statement

IDEX has shown solid performance in the TTM with a slight revenue increase of 0.42% from last year. The gross profit margin is strong at 44.35%, and the net profit margin is healthy at 14.60%. However, the EBIT margin has slightly decreased to 20.16%, and the EBITDA margin stands at 24.27%, indicating stable profitability but a slight decline in operational efficiency.

Balance Sheet

The balance sheet reflects a strong financial position with a low debt-to-equity ratio of 0.03, suggesting low leverage and reduced financial risk. The equity ratio is robust at 57.49%, indicating financial stability. However, the return on equity is moderate at 12.26%, suggesting room for improvement in generating returns for shareholders.

Cash Flow

IDEX's cash flow is stable with an operating cash flow to net income ratio of 1.29, indicating strong cash generation relative to income. However, the free cash flow decreased slightly by 7.49% from the previous year, and the free cash flow to net income ratio is 1.16, showing efficient cash flow management despite the decline.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.27B	3.27B	3.18B	2.76B	2.35B
Gross Profit	1.45B	1.45B	1.43B	1.22B	1.03B
EBITDA	859.40M	964.10M	909.80M	720.50M	604.60M
Net Income	505.00M	596.10M	586.90M	449.40M	377.80M
Balance Sheet
Total Assets	6.75B	5.87B	5.51B	4.92B	4.41B
Cash, Cash Equivalents and Short-Term Investments	620.80M	534.30M	430.20M	855.40M	1.03B
Total Debt	1.96B	1.45B	1.49B	1.19B	1.04B
Total Liabilities	2.95B	2.32B	2.47B	2.11B	1.87B
Stockholders Equity	3.79B	3.54B	3.04B	2.80B	2.54B
Cash Flow
Free Cash Flow	603.00M	626.80M	489.40M	492.60M	517.73M
Operating Cash Flow	668.10M	716.70M	557.40M	565.30M	569.27M
Investing Cash Flow	-1.01B	-283.80M	-917.20M	-698.10M	-172.58M
Financing Cash Flow	465.90M	-344.70M	-37.80M	-9.50M	-42.60M

IDEX Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 185.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IEX, the sentiment is Positive. The current price of 185.69 is above the 20-day moving average (MA) of 181.45, above the 50-day MA of 180.83, and below the 200-day MA of 195.35, indicating a neutral trend. The MACD of 1.47 indicates Negative momentum. The RSI at 59.49 is Neutral, neither overbought nor oversold. The STOCH value of 78.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IEX.

IDEX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IEX	76 Outperform	$13.87B	29.21	12.73%	1.52%	1.66%	-17.18%
ITT	76 Outperform	$12.51B	25.46	19.27%	0.84%	6.99%	23.25%
PNR	76 Outperform	$16.86B	28.30	17.15%	0.95%	-0.25%	-7.32%
NDSN	75 Outperform	$12.38B	28.30	15.54%	1.42%	1.98%	-7.66%
AOS	74 Outperform	$10.51B	19.91	27.60%	1.81%	-3.53%	-7.46%
Sector *	71 Outperform	¥269.20B	13.84	8.47%	2.89%	6.33%	13.01%
GGG	68 Neutral	$14.06B	30.91	19.62%	1.27%	0.75%	-2.74%

IDEX Corporate Events

IDEX Announces CFO Resignation and Interim Appointment

IDEX Corporation announced the resignation of its Senior Vice President and Chief Financial Officer, Abhishek Khandelwal, effective May 30, 2025. The company has appointed Akhil Mahendra as the interim CFO, who has been with IDEX for two years and previously worked at Rivian Automotive and Morgan Stanley. This transition is not due to any disagreements within the company, and an external search firm has been engaged to find a permanent replacement. The board has approved a restricted stock award for Mahendra, which will vest after three years, contingent on his continued service.

The most recent analyst rating on (IEX) stock is a Hold with a $220.00 price target. To see the full list of analyst forecasts on IDEX stock, see the IEX Stock Forecast page.

IDEX Elects Directors at Annual Stockholder Meeting

On May 8, 2025, IDEX Corporation held its Annual Meeting of Stockholders where key decisions were made. Three Class III directors, Eric D. Ashleman, Stephanie J. Disher, and Matthijs Glastra, were elected for a three-year term. Additionally, the compensation of named executive officers was approved, and Deloitte & Touche LLP was ratified as the independent public accounting firm for 2025. However, a stockholder proposal for a report on hiring practices related to individuals with arrest or incarceration records did not pass.

The most recent analyst rating on (IEX) stock is a Hold with a $220.00 price target. To see the full list of analyst forecasts on IDEX stock, see the IEX Stock Forecast page.