Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $2,352 | $2,765 | $3,182 | $3,274 | $3,269 |
| Gross Profit | $1,027 | $1,225 | $1,427 | $1,447 | $1,445 |
| Operating Income | $521 | $637 | $751 | $733 | $677 |
| Net Income | $378 | $449 | $587 | $596 | $505 |
Over the past five years, IDEX CORP’s financial performance has shown robust growth initially, followed by a stabilization in its revenue and profitability margins. Revenue increased from approximately USD 2,352 million in 2020 to a peak of roughly USD 3,274 million in 2023 before slightly declining to about USD 3,269 million in 2024. Gross profit showed a similar upward trend, growing from USD 1,027 million in 2020 to around USD 1,447 million by 2024, maintaining a consistent margin that indicates efficient production processes and pricing strategies. Operating income also improved steadily from USD 521 million in 2020 to a high of USD 751 million in 2022, although it began to taper off, declining to USD 677 million by 2024. Net income climbed from USD 378 million in 2020 to a peak of roughly USD 596 million in 2023 before dropping to USD 505 million in 2024, suggesting some pressure on bottom-line profitability in the most recent period. The absence of any dramatic year-over-year swings exceeding 20% indicates a generally stable performance, with modest growth rates in the earlier years potentially driven by favorable market conditions and operational scaling. The slight declines in revenue, operating income, and net income in 2024 may reflect increased competitive pressures, cost inflation, or strategic investments impacting short-term margins, factors that are common in the industrial technology and engineering sector where IDEX operates. Overall, the financial metrics suggest that IDEX CORP remains financially healthy and sustainable, with a strong EBITDA-generating capability. While recent shifts warrant closer monitoring, the company’s consistent operational performance and earnings stability position it well within the competitive industrial landscape.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.