IDEX Corp

IDEX Corp maintains a capital structure characterized by a debt-to-equity ratio of 0.45, indicating moderate leverage relative to its equity base of $4.03 billion. The company holds $580 million in cash and equivalents against $1.82 billion in long-term debt, resulting in a net cash position that is negative after subtracting total debt, which contributes to a medium liquidity risk assessment. The current ratio is not explicitly provided, but the balance sheet shows total assets of $6.93 billion and total liabilities of $2.90 billion, suggesting a stable asset base. Operating cash flow stands at $680.4 million, which comfortably covers capital expenditures of $63.6 million, generating significant free cash flow. The market capitalization is $16.23 billion, with a price-to-book ratio of 4.03, reflecting investor confidence in the company's tangible and intangible asset value.

Profitability metrics show a return on equity (ROE) of 12.61% and a return on assets (ROA) of 7.33%, indicating efficient use of capital to generate earnings. The company reported net income of $483.2 million on revenue of $3.46 billion, yielding a net profit margin of approximately 14%. Operating income was $699.3 million, resulting in an operating margin of roughly 20.2%. These margins suggest a strong operational efficiency, typical for specialized machinery manufacturers with high-value engineering services. The gross profit of $1.54 billion represents a gross margin of approximately 44.5%, highlighting the premium nature of its products. Without cohort median data for direct comparison, these figures are evaluated against general industry standards for industrial machinery, where ROE above 10% is considered robust.

Segment and geographic revenue mix data is not provided in the available input, preventing a detailed analysis of revenue concentration by business unit or region. The company's activity is broadly classified as Machinery, implying a diversified product portfolio within that sector. The absence of segment data limits the ability to assess specific growth drivers or risks associated with particular product lines or geographic markets. Investors should rely on the overall financial performance as a proxy for segment health, noting that the consolidated revenue of $3.46 billion reflects the aggregate demand across all operating segments.

Growth trajectory analysis is constrained by the absence of historical period data in the input. The current revenue figure of $3.46 billion serves as the baseline for future projections. Without year-over-year or quarter-over-quarter historical data, it is not possible to calculate compound annual growth rates or identify trends in revenue expansion or contraction. The company's ability to sustain growth will depend on its capacity to innovate within the machinery sector and expand its market share, but specific historical performance metrics are unavailable for this assessment.

Risk factors include a medium liquidity risk due to the negative net cash position after debt subtraction, although the strong operating cash flow mitigates immediate solvency concerns. Dilution risk is assessed as low, with basic and diluted shares outstanding both at 75.3 million, indicating no significant recent equity issuances or complex option structures impacting share count. Key flags highlight the net cash deficit, which requires monitoring to ensure debt service obligations remain manageable. The absence of specific filing or news event observations beyond system errors limits the identification of recent operational or regulatory risks.

Recent events are obscured by system-level errors in the news event observations, specifically failed redrive attempts that do not provide substantive business information. Analyst estimates suggest a positive outlook, with a mean price target of $240.47 and a median target of $250.00, implying potential upside from the current market price of $215.49. The mean recommendation of 2.12 indicates a moderate buy consensus, with five strong buys and four buys among the analysts covering the stock. These estimates reflect confidence in the company's financial stability and growth prospects despite the lack of recent news catalysts.

Revenue grew at a 5.7% CAGR over four years, indicating consistent top-line expansion despite recent net income volatility.

Cash conversion of 1.34 exceeds the cohort median of 1.15, highlighting strong ability to turn earnings into free cash flow.

Current ratio of 2.86 suggests robust short-term liquidity, mitigating immediate solvency concerns despite rising long-term debt levels.

Net income declined 4.3% year-over-year to $483 million, signaling profitability pressure despite stable revenue growth in the latest period.

Long-term debt surged to $1.96 billion in 2025, a significant increase from $1.19 billion in 2022, raising leverage concerns.

Debt-to-equity ratio of 0.45 is more than double the cohort median of 0.20, indicating higher financial leverage than peers.

Net income CAGR of only 1.8% over four years lags significantly behind the 5.7% revenue growth rate.

Medium liquidity risk flag suggests potential challenges in meeting short-term obligations, despite a currently healthy current ratio.

Revenue $886.9M, +8,9% YoY; Operating income +21,4% YoY.

• ▍Revenue $886.9M, +8,9% YoY
• ▍Operating income +21,4% YoY
• ▍Net income +25,6% YoY
• ▍Free cash flow +31,2% YoY
• ▍Net margin 13.5%

Revenue $899.1M, +4,2% YoY; Operating income +11,1% YoY.

• ▍Revenue $899.1M, +4,2% YoY
• ▍Operating income +11,1% YoY
• ▍Net income +4,1% YoY
• ▍Free cash flow +2,6% YoY
• ▍Net margin 14.3%

Revenue $878.7M, +10,1% YoY; Operating income +11,0% YoY.

• ▍Revenue $878.7M, +10,1% YoY
• ▍Operating income +11,0% YoY
• ▍Net income +7,3% YoY
• ▍Free cash flow +15,2% YoY
• ▍Net margin 14.5%

Revenue $865.4M, +7,2% YoY; Operating income +0,3% YoY.

• ▍Revenue $865.4M, +7,2% YoY
• ▍Operating income +0,3% YoY
• ▍Net income −6,9% YoY
• ▍Free cash flow +0,4% YoY
• ▍Net margin 15.2%

Revenue $814.3M; Operating income $142.0M.

• ▍Revenue $814.3M
• ▍Operating income $142.0M
• ▍Net margin 11.7%

Revenue $862.9M; Operating income $165.3M.

• ▍Revenue $862.9M
• ▍Operating income $165.3M
• ▍Net margin 14.3%

Revenue $798.2M; Operating income $167.4M.

• ▍Revenue $798.2M
• ▍Operating income $167.4M
• ▍Net margin 14.9%

Revenue $807.2M; Operating income $187.3M.

• ▍Revenue $807.2M
• ▍Operating income $187.3M
• ▍Net margin 17.5%

Revenue $3.46B, +5,8% YoY; Operating income +2,7% YoY.

• ▍Revenue $3.46B, +5,8% YoY
• ▍Operating income +2,7% YoY
• ▍Net income −4,3% YoY
• ▍Free cash flow +0,7% YoY
• ▍Net margin 14.0%

Revenue $3.27B, −0,2% YoY; Operating income −16,6% YoY.

• ▍Revenue $3.27B, −0,2% YoY
• ▍Operating income −16,6% YoY
• ▍Net income −15,3% YoY
• ▍Free cash flow −12,3% YoY
• ▍Net margin 15.4%

Revenue $3.27B, +2,9% YoY; Operating income +3,9% YoY.

• ▍Revenue $3.27B, +2,9% YoY
• ▍Operating income +3,9% YoY
• ▍Net income +1,6% YoY
• ▍Free cash flow +1,3% YoY
• ▍Net margin 18.2%

Revenue $3.18B, +15,1% YoY; Operating income +23,4% YoY.

• ▍Revenue $3.18B, +15,1% YoY
• ▍Operating income +23,4% YoY
• ▍Net income +30,6% YoY
• ▍Free cash flow +44,7% YoY
• ▍Net margin 18.4%