10-K · February 19, 2026
IDEX describes a strategy focused on niche, mission-critical engineered products, organic growth and strategic acquisitions (e.g., Micro-LAM acquired July 2025) and emphasizes decentralized operating units united by…
Earnings analysis · 10-Q
IEX earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
IDEX Corporation reported strong financial results for Q1 2026, with revenues of $886.9 million surpassing expectations and up 9% year-over-year. Adjusted EPS also increased to $2.00, marking a 14% rise from Q1 2025.…
Read full summary
IDEX Corporation reported strong financial results for Q1 2026, with revenues of $886.9 million surpassing expectations and up 9% year-over-year. Adjusted EPS also increased to $2.00, marking a 14% rise from Q1 2025. Segment growth was driven primarily by the Health & Science Technologies sector, while the Fluid & Metering segment saw modest growth, and the Fire & Safety segment experienced a slight decline.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.0
- Segment
- Health & Science Technologies
- Segment
- Fluid & Metering Technologies
- Segment
- Fire & Safety/Diversified Products
What stood out
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Strong Revenue Growth
Revenue reached $886.9 million, up 9% from $814.3 million in the prior year.
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EPS Beat Consensus
Adjusted EPS of $2.00 surpassed estimates and increased 14% compared to $1.75 in Q1 2025.
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Segment Performance Positive
Health & Science Technologies grew 17%, driven by strength in data centers and semiconductors.
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Healthy Operating Margins
Gross margin stood at 44.9%, slightly down by 40 bps from the prior year, but operating income grew 21%.
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Free Cash Flow Remains Solid
Free cash flow was reported at $86.0 million despite a slight decline year-over-year.
-
Shareholder Returns Increased
Returned $129.1 million to shareholders through repurchases and dividends.
What to watch
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Segment Volatility
Fire & Safety/Diversified Products segment declined 2%, with lower volumes affecting growth.
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Rising Costs Impact Margins
Gross margin decreased to 44.9% from 45.3%, affected by unfavorable product mix.
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Tariff Risks Remain
Ongoing changes in tariffs following recent Supreme Court rulings could impact costs.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · October 29, 2025
IDEX reported third-quarter net sales of $878.7 million and diluted EPS of $1.70 for the three months ended September 30, 2025. Revenue and segment Adjusted EBITDA were higher year-over-year (net sales up from $798.2M;…
10-K · February 20, 2025
IDEX presents a diversified, niche-industrial strategy organized into three reportable segments (FMT, HST, FSDP) focused on organic growth plus strategic acquisitions. The 2024 10‑K highlights a roughly even…
10-Q · October 30, 2024
IDEX reported third-quarter net sales of $798.2 million (up $4.8 million vs. Q3 2023) with gross profit of $353.9 million and diluted EPS of $1.57, down from $2.75 a year ago. Operating income declined to $168.0 million…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.