IEX
IDEX Corporation

IDEX CorporationIEX

Industrials · Specialty Industrial Machinery
226.99USD
+1.97%
Nov 08, 2026
IEX overview ready
Supplier of precision flow-control and thermal components for AI data centers
IDEX is a diversified engineered-components manufacturer whose Health & Science Technologies platform supplies precision materials, flow-control, pneumatic and thermal-management-related components.
Primary theme is improving
Diversified Industrials is improving (+8.5pp vs SPY over 21 sessions; 16 of 24 members ahead of SPY).
Constructive pullback in an uptrend
Longer-term context reads near trend floor, with a near-term setup of constructive pullback.
Fair valuation
The price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Exposure to cyclical industrial capital spending.
Market Nov 6Filing Sep 30Price action Nov 7Research Sep 21

Conviction Level

PriceAction6.9BusinessPerformance5.0BusinessQuality8.2Valuation3.5ThemeMomentum7.0Stable — Revenue is growing at a steady pace (+8.3% year over year). Diluted EPS is up 15% year over year at $1.95. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+8.5pp
Theme return
+3.5%
Beating SPY
16 of 24
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads near trend floor, with a near-term setup of constructive pullback.
EntryReset + recovery

The stock sits close to its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$16.7B
Avg Volume (60D)
733.4K
60 sessions
Revenue Growth YoY
+5.8%
FY2025 vs FY2024
Gross Margin
+44.9%
Trailing twelve months
Operating Margin
+20.9%
Trailing twelve months
Free Cash Flow Yield
+4.0%
Distance from 200DMA
+5.2%
P/E
31.1x
EV / Sales
4.9x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Stable

Revenue is growing at a steady pace (+8.3% year over year). Diluted EPS is up 15% year over year at $1.95.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthGrowing
+8.3%
$952M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +4.2%
  2. +8.9%
  3. +6.4%
  4. +8.3%
Earnings growthGrowing
+15%
Diluted EPS $1.95 vs $1.70 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +5.6%
  2. +28%
  3. +11%
  4. +15%
Operating marginStable
21.9%
+0.7 pp YoY · gross margin 45.1% (+0.7 pp)

Business Quality

8.2 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads fair.
IDEX Corporation has a Fair valuation stance because the price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.

Company Research

Thesis
IDEX is a diversified engineered-components manufacturer whose Health & Science Technologies platform supplies precision materials, flow-control, pneumatic and thermal-management-related components.
Opportunity
High opportunity
Hyperscaler and colocation capital spending on high-density AI data-center electrical and liquid-cooling infrastructure.
Key risk
Exposure to cyclical industrial capital spending.

Economic classification

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Business & Markets

Industrials · Specialty Industrial Machinery
What they do

IDEX Corporation designs, manufactures, and distributes engineered components and systems across multiple industrial segments globally, operating through Health & Science Technologies, Fluid & Metering Technologies, and Fire & Safety/Diversified Products.

How it earns

The company generates revenue primarily through transactional sales of engineered products and components to industrial and commercial customers.

Products & services
Precision fluidics and positive displacement pumps
Powder and liquid processing technologies
Drying systems
Micro-precision and pneumatic components
Sealing solutions
Flow-control and thermal-management components
Customers & end markets
Industrial manufacturers
Health and science technology companies
Data center operators
Fire and safety equipment providers
Market position

A diversified engineered-components manufacturer with a strong presence in specialty industrial machinery and precision fluidics markets.

Demand drivers
Medium cyclicality

Exposure to industrial capital spending and technology infrastructure investments which can fluctuate with economic cycles.