IEX

IDEX Corporation

IDEX CorporationIEX

Industrials · Specialty Industrial Machinery

225.69USD

+1.42%

Sep 23, 2026

IEX overview ready

IDEX is a diversified engineered-components manufacturer whose Health & Science Technologies platform supplies precision materials, flow-control, pneumatic and thermal-management-related components.

Strong narrative exposure

Exposed to the AI Compute Infrastructure Buildout narrative through AI Data Center Power and Thermal Systems — component supplier.

No clear price read

Longer-term context reads early trend, with a near-term setup of daily advance.

Demanding valuation

The price embeds expectations that run ahead of what comparable businesses command.

Unremarkable fundamentals

Primary risk

Exposure to economic cyclicality impacting industrial demand.

Market Sep 22Filing Jun 30Price action Sep 22Research Sep 21

Conviction Level

Price

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Price Action

No clear price read

Longer-term context reads early trend, with a near-term setup of daily advance.

EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap: $16.6B
Avg Volume (60D): 625.3K
Revenue Growth YoY: +5.8%
Gross Margin: +44.7%
Operating Margin: +20.7%
Free Cash Flow Yield: +3.9%
Distance from 200DMA: +8.6%
Next Earnings: 2026-10-28
P/E: 32.0x
EV / EBITDA: 19.7x
EV / Sales: 5.0x

Market metrics as of Sep 22, 2026

Financial results for the period ended Jun 30, 2026

Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.

IDEX Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 3.9% free-cash-flow yield and 19.7x EBITDA, which require sustained delivery to be justified.

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 economic cyclicality impacting industrial demand.

Narrative & Theme

AI Compute Infrastructure Buildout

Part of AI Data Center Power and Thermal Systems, with moderate fit.

IEX is not a pure-play data-center infrastructure company, but management has identified AI-driven data-center power and semiconductor demand as a material recent growth driver within HST.

Narrative HeatHot9.5 / 10

Theme HeatHot9.3 / 10

This reading is no longer current (last measured 2026-07-22). It is kept until the next scheduled measurement replaces it.

Business & Markets

Industrials · Specialty Industrial Machinery

What they do

IDEX Corporation designs, manufactures, and distributes specialty industrial machinery and applied solutions across multiple global markets through its three segments: Health & Science Technologies, Fluid & Metering Technologies, and Fire & Safety/Diversified Products.

How it earns

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

Products & services

Precision fluidics

Positive displacement pumps

Powder and liquid processing technologies

Drying systems

Micro-precision components

Pneumatic components

Sealing solutions

Customers & end markets

Industrial manufacturers

Healthcare and science sectors

Fire and safety markets

Market position

IDEX is a diversified leader in specialty industrial machinery with a broad product portfolio serving multiple niche markets.

Demand drivers

Medium cyclicality

The company serves industrial and safety sectors that are somewhat sensitive to economic cycles but also have stable demand drivers.

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