15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 8.0% per year over the past 5 years.
Net income has grown slower than revenue (5.0% vs 8.0% per year).
Operating margin has contracted, at 20.2% in the latest year.
Free cash flow has grown 3.6% per year over the past 5 years.
Financial health
Total debt ($1.8B) exceeds cash ($580M); net debt is $1.2B.
Total debt has grown faster than revenue (11.7% vs 8.0% per year).
Total debt is 2.6× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 44.0% of earnings and 34.5% of free cash flow.
The dividend has grown 7.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$3.5B
$483M
44.5%
20.2%
12.0%
7.0%
$617M
$1.8B
$580M
2024
$3.3B
$505M
44.2%
20.7%
13.3%
7.5%
$603M
$2.0B
$621M
2023
$3.3B
$596M
44.2%
22.4%
16.8%
10.2%
$627M
$1.3B
$534M
2022
$3.2B
$587M
44.8%
23.6%
19.3%
10.6%
$489M
$1.5B
$430M
2021
$2.8B
$449M
44.3%
23.0%
16.0%
9.1%
$493M
$1.2B
$855M
2020
$2.4B
$378M
43.7%
22.1%
14.9%
8.6%
$518M
$1.1B
$1.0B
2019
$2.5B
$426M
45.1%
23.2%
18.8%
11.2%
$477M
$851M
$633M
2018
$2.5B
$411M
45.0%
22.9%
20.6%
11.8%
$423M
$852M
$466M
2017
—
$337M
—
—
17.9%
9.9%
$389M
$862M
$376M
2016
—
$271M
—
—
17.6%
8.6%
$362M
$1.0B
$236M
2015
—
$283M
—
—
19.6%
10.1%
$317M
$849M
$328M
2014
—
$279M
—
—
18.8%
9.6%
$320M
$965M
$509M
2013
—
$255M
—
—
16.2%
8.9%
$370M
$776M
$440M
2012
—
$38M
—
—
2.6%
1.4%
$290M
$794M
$319M
2011
—
$194M
—
—
12.8%
6.8%
$182M
$811M
$230M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$952M
$144M
45.1%
21.9%
3.6%
2.1%
$214M
$1.8B
$602M
Jun '26
$921M
$143M
46.4%
21.7%
3.6%
2.1%
$177M
$1.9B
$621M
Mar '26
$887M
$120M
44.9%
19.4%
3.0%
1.7%
$86M
$1.9B
$586M
Dec '25
$899M
$128M
43.1%
20.4%
3.2%
1.9%
$190M
$1.8B
$580M
Sep '25
$879M
$128M
44.5%
21.1%
3.2%
1.8%
$189M
$1.9B
$594M
Jun '25
$865M
$132M
45.3%
21.7%
3.3%
1.9%
$147M
$1.9B
$568M
Mar '25
$814M
$96M
45.3%
17.4%
2.4%
1.4%
$91M
$2.0B
$594M
Dec '24
$863M
$123M
42.5%
19.2%
3.2%
1.8%
$157M
$2.0B
$621M
Sep '24
$798M
$119M
44.3%
21.0%
3.1%
1.7%
$192M
$2.1B
$633M
Jun '24
$807M
$141M
45.4%
22.6%
3.9%
2.4%
$118M
$1.3B
$701M
Mar '24
$801M
$121M
44.6%
20.1%
3.4%
2.1%
$137M
$1.3B
$616M
Dec '23
$789M
$109M
42.7%
20.3%
3.1%
1.9%
$179M
$1.3B
$534M
Sep '23
$793M
$209M
44.1%
22.6%
6.2%
3.7%
$207M
$1.3B
$563M
Jun '23
$846M
$139M
44.7%
23.6%
4.2%
2.4%
$120M
$1.5B
$457M
Mar '23
$845M
$140M
45.2%
22.7%
4.3%
2.5%
$121M
$1.5B
$511M
Dec '22
$811M
$130M
42.6%
21.6%
4.3%
2.4%
$147M
$1.5B
$430M
Sep '22
$824M
$179M
46.3%
24.5%
6.4%
3.7%
$182M
$1.2B
$681M
Jun '22
$796M
$138M
44.8%
23.4%
5.0%
2.8%
$97M
$1.2B
$558M
Mar '22
$751M
$140M
45.6%
25.0%
4.8%
2.8%
$64M
$1.2B
$733M
Dec '21
$715M
$119M
44.0%
22.7%
4.2%
2.4%
$136M
$1.2B
$855M
Valuation over time
How the market has priced IEX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 28.9× (Mar '23) to 36.1× (Nov '26).
The price-to-sales ratio has fallen from 5.3× (Mar '23) to 5.0× (Nov '26).
The dividend yield has risen from 1.0% (Mar '23) to 1.2% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is IEX growing its revenue and profit?
Over the past 5 years, IDEX Corporation's revenue has grown 8.0% per year, and net income grown 5.0% per year. These are computed facts, not advice.
How much debt does IEX have?
As of FY2025, IDEX Corporation reported $1.8B of total debt against $580M of cash.
What is IEX's profit margin?
In FY2025, gross margin was 44.5%, operating margin 20.2%, and net margin 14.0%.
What is IEX's P/E ratio?
IDEX Corporation's P/E (TTM) is 32.53 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the IEX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 36.1× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.