IDEX CORP /DE/

IEX 10-K · FY 2025

IEX FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 3,457.5 3,268.8 +5.8%
Show Business Segments breakouts
FMT 1,222.5 1,231.8 -0.8%
FMT · Intersegment Elimination -1.5 -1.4 -7.1%
FMT · Operating Segments 1,224 1,233.2 -0.7%
FSDP 744.3 743 +0.2%
FSDP · Intersegment Elimination -1 -1.3 +23.1%
FSDP · Operating Segments 745.3 744.3 +0.1%
HST 1,490.7 1,294 +15.2%
HST · Intersegment Elimination -4.8 -4.1 -17.1%
HST · Operating Segments 1,495.5 1,298.1 +15.2%
Show Consolidation Items breakouts
Intersegment Elimination -7.3 -6.8 -7.4%
Operating Segments 3,464.8 3,275.6 +5.8%
Cost of Revenue 1,918.7 1,823.6 +5.2%
Show Business Segments breakouts
FMT · Operating Segments 622.8 639.4 -2.6%
FSDP · Operating Segments 417.1 411.9 +1.3%
HST · Operating Segments 885.5 769.5 +15.1%
Show Consolidation Items breakouts
Intersegment Elimination -7.3 -6.8 -7.4%
Operating Segments 1,925.4 1,820.8 +5.7%
Gross Profit 1,538.8 1,445.2 +6.5%
Selling, General & Administrative 818.8 758.7 +7.9%
Restructuring Costs And Asset Impairment Charges 20.7 9.3 +122.6%
Show Business Segments breakouts
FMT · Operating Segments 5 2.4 +108.3%
FSDP · Operating Segments 2.4 0.5 +380.0%
HST · Operating Segments 12.5 5.9 +111.9%
Show Consolidation Items breakouts
Corporate Non Segment 0.8 0.5 +60.0%
Operating Income 699.3 677.2 +3.3%
Other Non-Operating Income (Expense) 2.3 -2.6 +188.5%
Interest Income Expense Nonoperating Net 64.4 44.5 +44.7%
Income Before Taxes 632.6 639.3 -1.0%
Income Tax Expense (Benefit) 150.1 134.7 +11.4%
Net Income 482.5 504.6 -4.4%
Show Equity Components breakouts
Noncontrolling Interest -0.7 -0.4 -75.0%
Parent 483.2 505 -4.3%
Retained Earnings 483.2 505 -4.3%
Net Income Loss Attributable To Noncontrolling Interest 0.7 0.4 +75.0%
Net Income 483.2 505 -4.3%
EPS (Basic) 6.41 6.66 -3.8%
EPS (Diluted) 6.41 6.64 -3.5%
Wtd Avg Shares (Basic) 75.3 75.7 -0.5%
Wtd Avg Shares (Diluted) 75.3 75.9 -0.8%
Revenue 3,457.5 3,268.8 +5.8%
Show Business Segments breakouts
FMT · Agriculture 143.3 146.4 -2.1%
FMT · Asia 158.1 169.7 -6.8%
FMT · Energy 205.2 207.6 -1.2%
FMT · Europe 202.6 210.1 -3.6%
FMT · Intersegment Elimination -1.5 -1.4 -7.1%
FMT · North America, excluding U.S. 73 68.3 +6.9%
FMT · Operating Segments 1,222.5 1,231.8 -0.8%
FMT · Other 97 92 +5.4%
FMT · Pumps 426.6 408.3 +4.5%
FMT · US 693.3 693.1 0.0%
FMT · Valves 97.1 123.1 -21.1%
FMT · Water 351.8 347.8 +1.2%
FSDP · Asia 112.6 139.9 -19.5%
FSDP · BAND-IT 119.7 115.8 +3.4%
FSDP · Dispensing 147.2 161.3 -8.7%
FSDP · Europe 195.2 178.4 +9.4%
FSDP · Fire & Safety 478.4 467.2 +2.4%
FSDP · Intersegment Elimination -1 -1.3 +23.1%
FSDP · North America, excluding U.S. 32 34.2 -6.4%
FSDP · Operating Segments 744.3 743 +0.2%
FSDP · Other 33.7 36.9 -8.7%
FSDP · US 371.8 354.9 +4.8%
HST · Asia 292.3 261.4 +11.8%
HST · Europe 448.4 408 +9.9%
HST · Intersegment Elimination -4.8 -4.1 -17.1%
HST · Material Processing Technologies 127.4 122.2 +4.3%
HST · North America, excluding U.S. 24.7 29.9 -17.4%
HST · Operating Segments 1,490.7 1,294 +15.2%
HST · Other 34.4 25.1 +37.1%
HST · Performance Pneumatic Technologies 259.2 237.4 +9.2%
HST · Scientific Fluidics & Optics 859.3 706.1 +21.7%
HST · Sealing Solutions 249.6 232.4 +7.4%
HST · US 695.7 573.7 +21.3%
Show Geography breakouts
Asia 563 571 -1.4%
Europe 846.2 796.5 +6.2%
North America, excluding U.S. 129.7 132.4 -2.0%
Other 165.1 154 +7.2%
US 1,760.8 1,621.7 +8.6%
Show Consolidation Items breakouts
Intersegment Elimination -7.3 -6.8 -7.4%
Research & Development 70 67.4 +3.9%
Comprehensive Income 671.7 419.9 +60.0%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 580 620.8 -6.6%
Receivables Net Current 521.7 465.9 +12.0%
Inventory 479.4 429.7 +11.6%
Other Assets Current 62.1 76.3 -18.6%
Total Current Assets 1,643.2 1,592.7 +3.2%
Accounts Receivable 511.9 461 +11.0%
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Billed receivables 477.1 443.2 +7.6%
Non-Current Assets
Property, Plant & Equipment 468 460.4 +1.7%
Goodwill 3,414.5 3,251.7 +5.0%
Show Business Segments breakouts
FMT 781 764.5 +2.2%
FSDP 376.8 360.5 +4.5%
HST 2,256.7 2,126.7 +6.1%
Show Business Acquisition breakouts
Micro-LAM, Inc 37
Other Non-Current Assets 153.9 155.7 -1.2%
Total Assets 6,927 6,745.3 +2.7%
Show Business Segments breakouts
FMT · Operating Segments 1,694.4 1,609.4 +5.3%
FSDP · Operating Segments 825.2 794.1 +3.9%
HST · Operating Segments 4,301.1 4,142.6 +3.8%
Show Consolidation Items breakouts
Corporate Non Segment 106.3 199.2 -46.6%
Operating Segments 6,820.7 6,546.1 +4.2%
Operating Lease Right-of-Use Assets 119.7 125.2 -4.4%
Show Property Plant And Equipment By Type breakouts
Building 109.5 114.4 -4.3%
Equipment 10.2 10.8 -5.6%
Intangible Assets 1,156.5 1,193.9 -3.1%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 767.5 800.1 -4.1%
Software Development 8.7 11.6 -25.0%
Technology Based Intangible Assets 242 240.8 +0.5%
Trade Names 138.3 141.4 -2.2%
Deferred Tax Assets 1.2 1.5 -20.0%
Other Assets
Intangible Assets Net Excluding Goodwill 1,247.4 1,284.8 -2.9%
Current Liabilities
Accounts Payable Trade Current 224.7 197.8 +13.6%
Accrued Liabilities 297 278.7 +6.6%
Current Portion of Long-Term Debt 0.7 100.7 -99.3%
Dividends Payable Current 53 52.5 +1.0%
Total Current Liabilities 575.4 629.7 -8.6%
Deferred Revenue (Current) 45.8 50.7 -9.7%
Non-Current Liabilities
Long-Term Debt 1,820.1 1,859.5 -2.1%
Deferred Tax Liabilities 303 267.2 +13.4%
Other Non-Current Liabilities 202.3 194.8 +3.9%
Total Liabilities 2,900.8 2,951.2 -1.7%
Long-Term Debt 1,829.8 1,971.3 -7.2%
Show Debt Instrument breakouts
2.625% Senior Notes, due June 2031 (the “2.625% Senior Notes”) · Senior Notes 500 500 0.0%
3.00% Senior Notes, due May 2030 (the “3.00% Senior Notes”) · Senior Notes 500 500 0.0%
4.950% Senior Notes, due September 2029 (the “4.950% Senior Notes”) · Senior Notes 500 500 0.0%
5.13% Senior Notes, due June 2028 (the “5.13% Senior Notes”) · Senior Notes 100 100 0.0%
Operating Lease Liabilities 94.1 101.6 -7.4%
Contract With Customer Liability Noncurrent 22 13.2 +66.7%
Stockholders' Equity
Common Stock 0.9 0.9 0.0%
Treasury Stock Common Value -1,423.2 -1,170.3 -21.6%
Additional Paid In Capital Common Stock 892.1 864.8 +3.2%
Retained Earnings 4,500.1 4,230.2 +6.4%
Accumulated Other Comprehensive Income 57.6 -130.9 +144.0%
Total Stockholders' Equity 4,027.5 3,794.7 +6.1%
Minority Interest -1.3 -0.6 -116.7%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 4,026.2 3,794.1 +6.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 8.8 6.6 +33.3%
Accumulated Other Comprehensive Income 57.6 -130.9 +144.0%
Accumulated Translation Adjustment 48.8 -137.5 +135.5%
Common Stock Including Additional Paid In Capital 893 865.7 +3.2%
Noncontrolling Interest -1.3 -0.6 -116.7%
Parent 4,027.5 3,794.7 +6.1%
Retained Earnings 4,500.1 4,230.2 +6.4%
Treasury Stock Common -1,423.2 -1,170.3 -21.6%
Total Liabilities & Equity 6,927 6,745.3 +2.7%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Asset Impairment Charges 0.7 0.1 +600.0%
Show Business Segments breakouts
FMT · Operating Segments 0.1
HST · Operating Segments 0.6 0.1 +500.0%
Provision For Other Credit Losses (FY)
Show Investment Type breakouts
Convertible Promissory Note 7.7
Depreciation 75.8 68.5 +10.7%
Show Business Segments breakouts
FMT · Operating Segments 17.9 17.3 +3.5%
FSDP · Operating Segments 9.2 9 +2.2%
HST · Operating Segments 47.9 41.2 +16.3%
Show Consolidation Items breakouts
Corporate Non Segment 0.8 1 -20.0%
Operating Segments 75 67.5 +11.1%
Amortization Of Intangible Assets 130.7 107.1 +22.0%
Show Business Segments breakouts
FMT · Operating Segments 21.6 21.1 +2.4%
FSDP · Operating Segments 5.4 6.3 -14.3%
HST · Operating Segments 103.7 79.7 +30.1%
Show Consolidation Items breakouts
Corporate Non Segment 130.7 107.1 +22.0%
Stock-Based Compensation 27.3 25.8 +5.8%
Deferred Income Taxes 12.8 -19.4 +166.0%
Increase Decrease In Receivables -41.2 -16.9 -143.8%
Change in Inventory -34.2 17.6 -294.3%
Increase Decrease In Other Current Assets 1.6 -0.1 +1700.0%
Increase Decrease In Accounts Payable Trade 15.2 8.9 +70.8%
Change in Deferred Revenue 2.7 -17.9 +115.1%
Increase Decrease In Accrued Liabilities 1.8 -8.6 +120.9%
Increase Decrease In Other Operating Capital Net 4.7 2.4 +95.8%
Net Cash from Operations 680.4 668.1 +1.8%
Investing Activities
Capital Expenditures -63.6 -65.1 +2.3%
Payments To Acquire Businesses Net Of Cash Acquired -76.2 -984.5 +92.3%
Other Investing Activities 2.2 -6.5 +133.8%
Net Cash from Investing -137.6 -1,006.5 +86.3%
Financing Activities
Proceeds From Lines Of Credit 252 279.3 -9.8%
Show Business Acquisition breakouts
Mott Corporation · Revolving Credit Facility 252
Repayments Of Lines Of Credit -322.9 -69.1 -367.3%
Show Credit Facility breakouts
Revolving Credit Facility · Line Of Credit -322.9
Repayments Of Long Term Debt -100 -50 -100.0%
Payments Of Dividends Common Stock -212.6 -205.3 -3.6%
Payments For Proceeds From Issuance Of Shares Share Based Payment Arrangement Net Of Shares Withheld For Taxes -0.5 16.7 -103.0%
Share Repurchases -247.8
Proceeds From Payments For Other Financing Activities -0.8 -2.4 +66.7%
Net Cash from Financing -632.6 465.9 -235.8%
Supplemental
Interest Paid 72.2 47.4 +52.3%
Income Taxes Paid 134.6 171.4 -21.5%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 36.8 -22.9 +260.7%
Net Change in Cash -53 104.6 -150.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 585.9 638.9 -8.3%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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