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IDEX Corporation IEX

IDEX Corporation scores average on business quality (6.0 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$234.29Oct 9, 2026
Business qualityAverage
Next earningsOct 28, 2026
Insiders, 90 daysSelling

Why it matters

  1. What IDEX Corporation does

    IDEX designs and manufactures applied solutions including pumps, flow meters, and precision equipment, selling directly to industrial, health, and fire-safety customers who rely on mission-critical performance. The business is navigating leadership updates following CPM naming Jeremy Patten Chief Executive Officer.

  2. What it does best

    IDEX excels in specialized fluidics and metering, backed by a gross margin of 44.7% that outpaces peer OTIS at 30.2%. This margin advantage stems from proprietary, highly engineered products that command pricing power in niche industrial applications.

  3. The main risk

    Stagnant organic expansion and leadership changes, highlighted by CPM naming Jeremy Patten Chief Executive Officer, create execution uncertainty across its industrial segments as volume growth slows to 5.8%.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margins stand at 21.1% with free cash flow generation of $642M, placing operating margin in the top decile of its sector at the 81st percentile and proving strong cash conversion as it scales.

MoatFair

Its economic moat relies on specialized industrial switching costs and proprietary equipment, placing its gross margin in the top quartile of its sector at the 74th percentile.

GrowthSlow

Revenue growth is advancing at 5.8% to reach $3.58B, reflecting a slower pace compared to historical multi-year expansion cycles visible in annual reporting.

Financial healthStrong

Debt-to-equity sits at 0.45 with an interest coverage ratio of 11.9x, meaning debt servicing is manageable. Free cash flow reached $642M, keeping the balance sheet on solid footing.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $92K outside pre-planned sales.

Our sealed record on IEX

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is IEX a good business?

IDEX Corporation scores average on the Cluenex quality check (6.0 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health strong.

Are insiders buying IEX?

In the last 90 days of SEC Form 4 filings: 1 sold $92K outside pre-planned sales.

When does IEX report earnings?

Oct 28, 2026.

For members

See IEX today

  • Today's verdict on IEX, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “IDEX Corporation (IEX)”, https://cluenex.com/stocks/iex/, data as of Oct 10, 2026.