IEX
IDEX CORP /DE/
Industrials • CIK: 0000832101
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Market Cap
$13.28B
P/E (TTM)
28.3x
Rev Growth (TTM)
—
Net Margin (TTM)
14.1%
FCF Yield (TTM)
—
FCF Margin (TTM)
17.6%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$587M
Q2 '25
$147M+61%
Q1 '25
$91M-42%
FCF Margin
TTM17.6%
Q2 '2517.0%+51%
Sector: 7.3%Top 25%
OCF Margin–
OCF/NI1.37x
CapEx Coverage11.1x
FCF Yield–
FCF Growth (2Y)–
Cash Conversion Cycle
–
Capital Allocation & Returns
Balanced
Total Shareholder YieldEst.
Est.3.6%
Div Yield2.4%
+Est. Buyback1.2%
Balancing returns with reinvestment
Dividend & Payout Metrics
Dividend Yield (TTM)2.4%
FCF Payout Ratio53.9%
Free Cash Flow (TTM)$587.0M
Stock Repurchases ()$100.0M
Est. Dividends Paid (TTM)$316.2M
Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
10.2%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
15.5%
Asset Turnover
0.50x
Leverage (1+D/E)
1.46x
D/E: 0.46x
DuPont: 11.3% ≈ 10.2% ROIC
Asset & CapEx Efficiency
Invested Cap Turn
0.66x
8Q:–
CapEx Intensity
1.1%
8Q:–
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $3.3B | $865.4M↑6.3% | $814.3M↓5.6% | $862.9M↑8.1% | $798.2M↓1.1% | $807.2M↑0.8% | $800.5M↑1.5% | $788.9M↓0.6% | $793.4M |
Operating Income | $663.2M | $187.9M↑32.3% | $142.0M↓14.1% | $165.3M↓1.6% | $168.0M↓8.0% | $182.7M↑13.3% | $161.2M↑0.4% | $160.5M↓10.6% | $179.6M |
Net Income | $469.4M | $131.6M↑37.8% | $95.5M↓22.5% | $123.2M↑3.4% | $119.1M↓15.7% | $141.3M↑16.4% | $121.4M↑11.8% | $108.6M↓48.1% | $209.1M |
Operating Cash Flow | $645.3M | $161.7M↑53.0% | $105.7M↓38.8% | $172.6M↓15.9% | $205.3M↑53.7% | $133.6M↓14.7% | $156.6M↓22.1% | $201.0M↓11.3% | $226.6M |
Free Cash Flow | $587.0M | $146.9M↑60.7% | $91.4M↓41.8% | $157.1M↓18.0% | $191.6M↑62.8% | $117.7M↓13.8% | $136.6M↓23.9% | $179.4M↓13.1% | $206.5M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
28.3x
Valuation Lenses
Earnings
28.3x
vs – sector
Cash Flow
32.6x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
2.8P/E per %ROIC
ROIC: 10.2%
Shareholder Returns
Dividend
2.4%
Buyback
–
Total Yield
–
Market Cap$13.28B
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
75/100
High Quality
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Above Avg
12.2%
8Q:–
Return on Invested Capital (ROIC)Top 25%
10.2%
8Q:–
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 15.5%
Asset Turnover: 0.50x
Earnings Quality
Cash Conversion
1.37x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin44.4%
Capital Efficiency
Invested Capital Turnover0.66x
Working Capital
Cash Conversion Cycle–
Growth Quality & Momentum
Growth Rates
Revenue Growth YoY
N/A
OpInc Growth YoY
2.8%
EPS Growth YoY
N/A
FCF 3Y CAGR
N/A
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
44.4%
Operating
19.9%
Top 25% in sector
Net
14.1%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+3.5 pts
FCF: 17.6% | Net: 14.1%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Adequate
Net Debt / EBITDA
–Net Debt: $1.28B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
0.46x
Balance sheet risk & solvency analysis