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 five-year period, IDEX CORP’s revenue grew steadily from approximately USD 2.35 billion in 2020 to a peak of around USD 3.27 billion in 2023 before a marginal decline in 2024. Gross profit followed a similar trend, rising from about USD 1.03 billion in 2020 to nearly USD 1.45 billion by 2024. Operating income and net income also saw improvements over the early years, with operating income increasing from roughly USD 521 million in 2020 to a high of approximately USD 751 million in 2022, and net income rising from about USD 378 million to close to USD 587 million during the same period. However, the slight declines in operating and net income observed in 2023 and 2024 indicate that while revenue growth has been robust, margins could be under some pressure. Notably, there were no drastic year-over-year swings exceeding 20 percent in any of the key financial metrics. The gradual decline in operating income from USD 751 million in 2022 to USD 677 million in 2024, alongside a similar dip in net income from roughly USD 587 million to USD 505 million, suggests that the company may be experiencing rising costs or competitive pressures impacting profitability. Given IDEX CORP’s position within the industrial and manufacturing sectors—a market characterized by cyclical demand and periodic cost pressures—the overall financial health appears stable. The sustained revenue growth paired with consistent gross profit levels underlines the company’s operational resilience, although the recent softness in operating and net income margins signals an area for potential operational or strategic focus moving forward.
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.