Reading the tape
NYSE: IEX
IDEX Corporation
Industrials · Industrial - Machinery
Market Cap
$16.06B
52w High
$223.85
52w Low
$157.25
P/E
31.75
Volume
380.68K
Outstanding Shares
74.02M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 17.48%Revenue (TTM): 7.54%FCF (TTM): 9.61%P/FCF: 53rd pct
What changed
The stock rose 17.48% over the last year. Revenue grew 7.54% over the trailing twelve months. Operating margin moved from 21.13% to 20.8%. Free cash flow grew 9.61% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 53rd percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 20.8%. Revenue grew 7.54% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide.
CEOEric D. Ashleman
SectorIndustrials
IndustryIndustrial - Machinery
Employees9,000
IPO dateJun 2, 1989
Valuation
Forward P/E—
EV/EBITDA16.20
Enterprise value$14.64B
Stock splits
May 22, 2007↑ Forward
Every 2 shares became 3
Jun 1, 2004↑ Forward
Every 2 shares became 3
Feb 3, 1997↑ Forward
Every 2 shares became 3
Feb 1, 1995↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth8.92%
Gross margin44.42%▼4.08%vs FY2024
Operating margin20.8%▼2.32%vs FY2024
ROE12%▼9.85%vs FY2024
Analyst consensus
RatingHold
Target price$243.57▲12.29%
14
Buy
15
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 29, 2026
Q3 FY26 · EPS est $2.12 · Revenue est $903.3M
View
Dividends
$2.86/shareQuarterlyDividend Aristocrat · 30yrEx-div May 22, 2026 · in 12dSafeIEX pays a dividend with a 1.32% declared yield, 30 consecutive years of growth, growing at 6.99% annually, covered 2.9× by free cash flow.
Declared Yield
1.32%
Annual Div / Share
$2.86
5yr CAGR
+6.99%
Doubles every ~10.3yr
Payout Ratio
41.95%
Safe
Dividend Growth Rate
3yr CAGR
+5.44%
5yr CAGR
+6.99%
10yr CAGR
+8.2%
Dividend Safety
9/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$2.86+2.9%
2025$2.78+6.5%
2024$2.61+7.0%
2023$2.44+9.9%
2022$2.22+8.8%
2021$2.04+2.0%
2020$2.00+11.7%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$13/yr
$1/mo
In 5 yrs
$18/yr+40%
$2/mo
In 10 yrs
$26/yr+97%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$13/yr $1/mo | $18/yr+40% $2/mo | $26/yr+97% $2/mo |
Yield-on-cost grows from 1.32% → 2.59% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
IEX has raised its dividend for 30 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.9× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 6.99% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.