10-K annual report · filed Feb 19, 2026

IDEX Corporation (IEX) FY2025 10-K Annual Report

Short answer

IDEX Corporation (IEX) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $3.5B (+5.8% year over year) and net income of $483M.

  • Top risk flagged: Regulatory risk from the One Big Beautiful Bill Act (“OBBBA”) of 2025 impacting tax benefits and international tax regimes with estimated immaterial financial impact

FY2025 key financial metrics · XBRL

Revenue
$3.5B
+5.8% YoY
Net income
$483M
−4.3% YoY
Operating margin
20.2%
−0.5 pp YoY
Gross margin
44.5%
+0.3 pp YoY
EPS (diluted)
$6.41
−3.5% YoY
ROE
12.0%
−1.3 pp YoY
Operating cash flow
$680M
+1.8% YoY

Source: XBRL data from the IDEX Corporation (IEX) FY2025 10-K on SEC EDGAR. USD.

IDEX Corporation FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business model not detailed in this filing excerpt; emphasis on corporate governance and compliance policies
  • New or emphasized items include insider trading policies designed to comply with laws and listing standards
  • No strategic shifts or competitive positioning changes identified in this filing section
  • Equity compensation plans show 1,222,948 securities exercisable at $192.03 average price, with 9,364,893 securities available for future issuance
  • Noteworthy focus on transparency: multiple governance documents and policies publicly available on company website

Management Discussion & Analysis

  • Cash flow, buybacks, dividends, and capex details missing
  • Forward-looking statements mention risks and uncertainties without specific guidance or outlook

Risk Factors

  • Regulatory risk from the One Big Beautiful Bill Act (“OBBBA”) of 2025 impacting tax benefits and international tax regimes with estimated immaterial financial impact
  • Macroeconomic exposure to subdued demand in industrial and automotive end markets, with FMT and FSDP segments experiencing lower volumes in 2025
  • Operational risk from restructuring-related severance and headcount reduction linked to organizational changes and management layer elimination in 2025
  • Competitive risk from slower recovery and weaker Fire & Safety markets outside the U.S., notably impacting the FSDP segment performance
  • Financial risk of higher interest expense by $19.9 million (45% increase) in 2025 due to debt financing for the acquisition of Mott Corporation

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