IDEX (IEX) stock
Industrials · Industrial Machinery & Supplies & Components
IDEX (IEX) is an Industrial Machinery & Supplies & Components company in the Industrials sector, headquartered in Northbrook, Illinois. As of October 23, 2026, IEX closed at $229.05, a market capitalization of $16.89 billion, the 434th largest company in the S&P 500. Over the last twelve months it generated $3.59 billion in revenue (+6% year over year) and $641.50 million in free cash flow. The stock trades at 33.0x trailing earnings and 23.8x forward earnings.
- 1-year total return: +37.9% (dividends reinvested)
- 5-year return: +2.0% a year
- 52-week range: $160.60 – $243.80
- Gross margin 44.7%, operating margin 22.2%
- Dividend yield: 1.27%, 16 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 71st largest of 83 Industrials stocks in the S&P 500
IEX price chart
1Y price change: +36.0% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| IEX | +0.0% | +30.5% | +37.9% | +7.4% | +2.0% | +11.6% | +13.9% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1989.
IEX key statistics
- Market cap
- $16.9B
- #434 in S&P 500
- P/E (TTM)
- 33.0x
- Forward P/E
- 23.8x
- EPS (TTM)
- $6.95
- Revenue (TTM)
- $3.6B
- +6%
- Free cash flow
- $641.5M
- Gross margin
- 44.7%
- Operating margin
- 22.2%
- Return on equity
- 13.0%
- Dividend yield
- 1.27%
- 52-week range
- $160.60 – $243.80
- Beta
- 0.96
- Price / sales
- 4.7x
- EV / EBITDA
- 18.8x
- Debt / equity
- 0.47x
- Employees
- 8,700
IEX report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth6.4%C
- Gross margin44.7%B
- Operating margin22.2%B
- FCF margin17.9%B
- Return on equity13.0%C
- Net debt / EBITDA1.3xC
- Forward P/E23.8xC
- PEG ratio1.7xC
- Shareholder yield2.7%C
- Share count change / yr-0.3%C
IDEX financials
Revenue went from $2.1B in fiscal 2016 to $3.5B in fiscal 2025, growing 5.6% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.3B | $2.5B | $2.5B | $2.4B | $2.8B | $3.2B | $3.3B | $3.3B | $3.5B |
| Gross profit | $930.8M | $1.0B | $1.1B | $1.1B | $1.0B | $1.2B | $1.4B | $1.4B | $1.4B | $1.5B |
| Operating income | $412.4M | $502.6M | $569.1M | $579.0M | $520.7M | $637.0M | $751.4M | $732.5M | $677.2M | $699.3M |
| Net income | $271.1M | $337.3M | $410.6M | $425.5M | $377.8M | $449.4M | $586.9M | $596.1M | $505.0M | $483.2M |
| EPS (diluted) | $3.53 | $4.36 | $5.29 | $5.56 | $4.94 | $5.88 | $7.71 | $7.85 | $6.64 | $6.41 |
| Free cash flow | $361.7M | $388.9M | $423.3M | $477.2M | $517.7M | $492.6M | $489.4M | $626.8M | $603.0M | $616.8M |
| Buybacks | $57.3M | $29.1M | $173.9M | $54.7M | $110.3M | $0 | $148.1M | $24.2M | $0 | $247.8M |
| Dividends paid | $102.7M | $111.2M | $127.5M | $147.2M | $151.8M | $161.1M | $177.4M | $190.7M | $205.3M | $212.6M |
| Diluted shares | 76.8M | 77.3M | 77.6M | 76.5M | 76.4M | 76.4M | 76.0M | 75.9M | 75.9M | 75.3M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into IEX?
A reverse DCF asks what growth the current price requires. With an enterprise value of $18.1B and $641.5M of trailing free cash flow, IDEX needs to grow free cash flow about 19.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 3.6% a year over the last five years.
P/E ratio history
Current 35.7x vs. median 27.4x (10th–90th percentile 19.4x–42.3x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
IEX dividend
- Dividend yield
- 1.27%
- Annual dividend
- $2.92
- Years of increases
- 16
- 5-yr dividend growth
- 7.1%
- per year
- Payout ratio
- 52%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
IEX analyst price targets
14 analysts' average 12-month target is $256.57 (+12% vs. $229.05). Targets range from $215.00 to $285.00. 67% rate it a buy.
IEX earnings
Next report: October 28, 2026. IDEX has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $920.6M (+6% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 29, 2026 | $2.11 | $2.32 | +9.9% |
| Apr 29, 2026 | $1.77 | $2.00 | +12.8% |
| Feb 4, 2026 | $2.04 | $2.10 | +2.9% |
| Oct 29, 2025 | $1.93 | $2.03 | +5.2% |
| Jul 30, 2025 | $1.99 | $2.07 | +4.0% |
| May 1, 2025 | $1.64 | $1.75 | +6.7% |
| Feb 4, 2025 | $2.03 | $2.04 | +0.5% |
| Oct 29, 2024 | $1.88 | $1.90 | +0.8% |
Stocks like IEX
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 PH Parker-Hannifin | -1.42% | +16% | $111.1B | 30.9x | Compare |
 ITW Illinois Tool Works | -1.25% | +10% | $78.5B | 25.0x | Compare |
 GWW W.W. Grainger | -0.75% | +41% | $63.6B | 34.4x | Compare |
 OTIS Otis Worldwide | -0.60% | -17% | $28.6B | 19.3x | Compare |
 IR Ingersoll Rand | -0.85% | -8% | $28.5B | 30.2x | Compare |
 DOV Dover | +1.90% | +11% | $26.8B | 23.2x | Compare |
 XYL Xylem | -0.48% | -25% | $25.4B | 25.9x | Compare |
 HUBB Hubbell | +0.52% | +5% | $23.7B | 26.5x | Compare |
IEX news
- 1 Industrials Stock to Consider Right Now and 2 We Ignore · Oct 21, 2026
- Here's What to Expect From IDEX Corporation's Next Earnings Report · Oct 20, 2026
- 1 Unpopular Stock That Deserves a Second Chance and 2 We Brush Off · Oct 13, 2026
- 2 Mid-Cap Stocks with Competitive Advantages and 1 We Turn Down · Oct 5, 2026
- 2 Cash-Producing Stocks with Exciting Potential and 1 That Underwhelm · Sep 29, 2026
IEX stock FAQ
What is IEX's market cap?
IDEX's market capitalization is $16.89 billion as of October 23, 2026, ranking 434th in the S&P 500.
What is IEX's P/E ratio?
IEX trades at a trailing price-to-earnings ratio of 33.0x and a forward P/E of 23.8x. Its median P/E over the period we track is 27.4x.
Does IEX pay a dividend?
Yes. IDEX pays $2.92 per share a year, a 1.27% yield. It has raised its dividend 16 years in a row. Dividends grew 7.1% a year over the last five years.
How much has IEX stock returned?
Including reinvested dividends, IEX returned +37.9% over one year, +2.0% a year over five years, +11.6% a year over ten years through October 23, 2026.
Is IEX stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies IDEX must grow free cash flow about 19% a year for the next decade. Its free cash flow grew 4% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the IEX price target?
14 analysts cover IEX with an average 12-month price target of $256.57, +12% from the current price. 67% of them rate it a buy.
When does IEX report earnings?
IDEX is expected to report earnings on October 28, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does IDEX have?
IDEX has about 8,700 full-time employees, or $412,103 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology