TORVANTA
Industrials · S&P 500 · data as of 2026-10-05

IEX stock analysis: IDEX Corporation

IDEX Corporation (IEX) is an S&P 500 company in Industrial Machinery & Supplies & Components. It grades strongest on momentum and weakest on value.

The model's view of IEX · subscribers

Where IEX ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with IEX · updated 2026-10-05 · from prices and SEC filings

IEX price performance

IEX against the S&P 500, one year
+0%+20%+40%IEX +48%S&P 500 +18%2025-09-292026-10-05
Year to date+34.0%S&P 500 +14.5% · ahead by 19.5 pts
1 year+43.4%S&P 500 +17.0% · ahead by 26.4 pts
3 years+19.9%S&P 500 +89.3% · behind by 69.3 pts
5 years+19.3%S&P 500 +91.3% · behind by 72.0 pts

Total returns with dividends reinvested.

IEX factor grades

Each grade compares IEX with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D+ValueP/E 33.9x (industry 26.4x)FCF yield 3.7% (industry 4.0%)
C+GrowthRevenue growth +7% (industry +6%)EPS growth +12% (industry +5%)
C+ProfitabilityOperating margin 20.7% (industry 20.6%)ROIC 10.8% (industry 14.0%)
A-Momentum12-month change +43%From 52-wk high -2%

IEX in plain numbers

IEX key statistics

SectorIndustrials
IndustryIndustrial Machinery & Supplies & Components
IndexS&P 500
Market value$17.3B
Revenue growth (y/y)+7%
Free-cash-flow yield3.7%
Dividend yield1.5%
Next earnings (expected)2026-10-28
Valuation measures
Market value$17.3B
Enterprise value$18.6B
P/E (trailing)33.9x
Forward P/E (Torvanta estimate)31.8x
PEG (Torvanta estimate)5.00
Price / sales4.8x
Price / book4.3x
EV / revenue5.2x
EV / EBITDA25.1x
Financial highlights
Revenue, last 12 months$3.6B
Net income, last 12 months$519.5M
EPS, last 12 months (GAAP)$6.95
Gross margin44.7%
Operating margin20.7%
Net margin14.5%
Return on equity13.0%
Return on invested capital10.8%
Cash$621.3M
Total debt$1.9B
Debt / equity0.46x
Free cash flow, last 12 months$641.5M
Current ratio3.05x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

IEX earnings trends

Revenue vs earnings
$0$230.2M$460.3M$690.5M$920.6MSep 2024 Revenue: $798.2MDec 2024 Revenue: $862.9MMar 2025 Revenue: $814.3MJun 2025 Revenue: $865.4MSep 2025 Revenue: $878.7MDec 2025 Revenue: $899.1MMar 2026 Revenue: $886.9MJun 2026 Revenue: $920.6MSep 2024 Net income: $119.1MDec 2024 Net income: $123.2MMar 2025 Net income: $95.5MJun 2025 Net income: $131.6MSep 2025 Net income: $127.8MDec 2025 Net income: $128.3MMar 2026 Net income: $120.0MJun 2026 Net income: $143.4MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 14.9%Net margin: 14.3%Net margin: 11.7%Net margin: 15.2%Net margin: 14.5%Net margin: 14.3%Net margin: 13.5%Net margin: 15.6%0%8%16%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.5$1.0$1.5$1.9Sep 2024 EPS (GAAP, diluted): $1.6Dec 2024 EPS (GAAP, diluted): $1.6Mar 2025 EPS (GAAP, diluted): $1.3Jun 2025 EPS (GAAP, diluted): $1.7Sep 2025 EPS (GAAP, diluted): $1.7Dec 2025 EPS (GAAP, diluted): $1.7Mar 2026 EPS (GAAP, diluted): $1.6Jun 2026 EPS (GAAP, diluted): $1.9Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +8% · Dec 2025 +6% · Mar 2026 +28% · Jun 2026 +11%

From the company's 10-Q and 10-K filings with the SEC.

IDEX Corporation financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$2.8B$3.2B$3.3B$3.3B$3.5B
Net income$449.4M$586.9M$596.1M$505.0M$483.2M
EPS (GAAP)$5.88$7.71$7.84$6.65$6.41
Free cash flow$492.6M$489.4M$626.8M$603.0M$616.8M

IEX earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-29$1.93+11%+6%+4.0%
2026-04-29$1.61+28%+9%+5.1%
2026-02-04$1.71+6%+4%+7.3%
2025-10-29$1.70+8%+10%+3.1%
2025-07-30$1.74-6%+7%-11.2%
2025-05-01$1.26-21%+2%+2.1%

About IDEX Corporation

HeadquartersNorthbrook, IL
Industry (SEC code)Pumps & Pumping Equipment
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE

From the company's SEC registration record.

Companies similar to IEX

CompanyMarket valueP/ERevenue growthOperating margin12-month change
IEX IDEX Corporation$17.3B33.9x+7%20.7%+43%
FTV Fortive$17.5B34.4x-16%16.9%+14%compare
NDSN Nordson$18.6B33.8x+7%26.9%+45%compare
SNA Snap-on$19.0B18.7x+4%25.4%+9%compare
SWK Stanley Black & Decker$13.5B21.9x+1%n/a+24%
XYL Xylem$23.9B24.4x+5%14.5%-31%
OTIS Otis Worldwide$25.1B16.9x+5%15.4%-26%

All Industrials stock ratings

Frequently asked questions

Is IEX stock a buy?

Torvanta does not tell individuals what to buy. Its grades for IEX are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is IEX's P/E ratio?

IEX trades at about 33.9 times its last 12 months of GAAP earnings reported to the SEC, and about 31.8 times Torvanta's own estimate of the next 12 months.

When does IEX report earnings next?

Based on its filing history, Torvanta expects IDEX Corporation to report around 2026-10-28.

Does IEX pay a dividend?

Yes. Its dividend yield is about 1.5%, and it has raised its dividend 16 years in a row.

How has IEX performed against the S&P 500?

Over the past year IEX returned +43.4%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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