IDEX (IEX) financial statements
IDEX reported revenue of $3.5B in fiscal 2025, up 5.6% a year over 9 years.
Net income was $483M and the operating margin 20.2%, against 19.5% in 2016.
Free cash flow was $617M, and the company returned $213M in dividends and $248M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from IDEX's 10-K filings with the SEC.
| 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 |
| Cost of revenue | $1.2B | $1.3B | $1.4B | $1.4B | $1.3B | $1.5B | $1.8B | $1.8B | $1.8B | $1.9B |
| Gross profit | $931M | $1.0B | $1.1B | $1.1B | $1.0B | $1.2B | $1.4B | $1.4B | $1.4B | $1.5B |
| Research and development | $39M | $42M | $48M | $56M | $48M | $50M | $61M | $68M | $67M | $70M |
| Selling, general and admin | $492M | $525M | $537M | $525M | $495M | $578M | $653M | $704M | $759M | $819M |
| Operating income | $412M | $503M | $569M | $579M | $521M | $637M | $751M | $732M | $677M | $699M |
| Interest expense | $46M | $45M | $44M | $44M | $45M | $41M | $41M | $52M | — | — |
| Pre-tax income | $369M | $455M | $529M | $533M | $470M | $580M | $749M | $760M | $639M | $633M |
| Income tax | $97M | $118M | $118M | $107M | $92M | $130M | $163M | $165M | $135M | $150M |
| Net income | $271M | $337M | $411M | $426M | $378M | $449M | $587M | $596M | $505M | $483M |
| EPS (diluted) | $3.53 | $4.36 | $5.29 | $5.56 | $4.94 | $5.88 | $7.71 | $7.85 | $6.64 | $6.41 |
| Diluted shares | 77M | 77M | 78M | 76M | 76M | 76M | 76M | 76M | 76M | 75M |
| Gross margin | 44.0% | 44.9% | 45.0% | 45.1% | 43.7% | 44.3% | 44.8% | 44.2% | 44.2% | 44.5% |
| Operating margin | 19.5% | 22.0% | 22.9% | 23.2% | 22.1% | 23.0% | 23.6% | 22.4% | 20.7% | 20.2% |
| Net margin | 12.8% | 14.7% | 16.5% | 17.1% | 16.1% | 16.3% | 18.4% | 18.2% | 15.4% | 14.0% |
Balance sheet
Fiscal years, from IDEX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $236M | $376M | $466M | $633M | $1.0B | $855M | $430M | $534M | $621M | $580M |
| Receivables | $273M | $294M | $312M | $298M | $293M | $356M | $443M | $428M | $466M | $522M |
| Inventory | $253M | $260M | $280M | $293M | $290M | $370M | $471M | $421M | $430M | $479M |
| Total current assets | $823M | $1.0B | $1.1B | $1.3B | $1.7B | $1.7B | $1.4B | $1.4B | $1.6B | $1.6B |
| Property, plant and equipment | $248M | $258M | $281M | $280M | $298M | $327M | $382M | $430M | $460M | $468M |
| Goodwill | $1.6B | $1.7B | $1.7B | $1.8B | $1.9B | $2.2B | $2.6B | $2.8B | $3.3B | $3.4B |
| Total assets | $3.2B | $3.4B | $3.5B | $3.8B | $4.4B | $4.9B | $5.5B | $5.9B | $6.7B | $6.9B |
| Total current liabilities | $309M | $361M | $365M | $358M | $399M | $480M | $544M | $500M | $630M | $575M |
| Long-term debt | $1.0B | $859M | $848M | $849M | $1.0B | $1.2B | $1.5B | $1.3B | $1.9B | $1.8B |
| Total liabilities | $1.6B | $1.5B | $1.5B | $1.6B | $1.9B | $2.1B | $2.5B | $2.3B | $3.0B | $2.9B |
| Shareholders' equity | $1.5B | $1.9B | $2.0B | $2.3B | $2.5B | $2.8B | $3.0B | $3.5B | $3.8B | $4.0B |
| Net debt | $779M | $483M | $382M | $217M | $19M | $335M | $1.0B | $791M | $1.3B | $1.2B |
Cash flow
Fiscal years, from IDEX's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $400M | $433M | $479M | $528M | $569M | $565M | $557M | $717M | $668M | $680M |
| Capital spending | $38M | $44M | $56M | $51M | $52M | $73M | $68M | $90M | $65M | $64M |
| Free cash flow | $362M | $389M | $423M | $477M | $518M | $493M | $489M | $627M | $603M | $617M |
| Stock-based compensation | $20M | $24M | $25M | $22M | $15M | $20M | $22M | $22M | $26M | $27M |
| Dividends paid | $103M | $111M | $127M | $147M | $152M | $161M | $177M | $191M | $205M | $213M |
| Share buybacks (net) | -$57M | -$29M | -$174M | -$55M | -$110M | $0 | -$148M | -$24M | $0 | -$248M |
| Net borrowing | — | — | — | -$50M | $199M | $149M | $200M | -$150M | $447M | -$100M |
| Free cash flow margin | 17.1% | 17.0% | 17.0% | 19.1% | 22.0% | 17.8% | 15.4% | 19.1% | 18.4% | 17.8% |
| Dividends per share | $1.34 | $1.44 | $1.64 | $1.92 | $1.99 | $2.11 | $2.33 | $2.51 | $2.70 | $2.82 |
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Open IEX in InvestinglyQuestions
What was IDEX's revenue in 2025?
$3.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does IDEX generate?
$617M in fiscal 2025 (operating cash flow minus capital spending).
From IDEX's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.