Filing Flows › IDEX (IEX) › Q4 2025
IDEX (IEX) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
IDEX (IEX) reported revenue of $899M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +2% from the quarter before. Operating margin was 20.4%, net earnings $128M (14.3% of revenue).
IDEX, Q4 2025: revenue $899M (+4% year over year), operating margin 20.4%, net earnings $128M, operating cash flow $210M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $899M | +2% | +4% |
| Gross profit | $387M | -0.9% | +5% |
| Operating profit | $184M | -1% | +11% |
| Net earnings | $128M | +0.5% | +4% |
| Operating cash flow | $210M | +3% | +21% |
| Free cash flow | $190M | — | +21% |
What changed
Revenue was $899.1M in Q4 2025, up 4% year over year and up 2% from the previous quarter. HST was the largest line at 45% of revenue.
Gross margin was 43.1%, up 0.5 points from a year earlier. Operating profit was $183.6M, a 20.4% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 51% reached operating profit, above the 19% margin then. Operating expenses grew 1% against revenue growth of 4%. Net earnings were $128.3M, up 4% year over year. The effective tax rate was 23.5%.
Operating cash flow was $209.5M (up 21% year over year), 163% of net earnings. Non-cash charges added back $53.5M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $24.1M. After capital expenditures ($19.7M), free cash flow as the company reports it was $189.8M.
Questions
What was IDEX's revenue in the fourth quarter 2025?
IDEX (IEX) reported revenue of $899M for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +2% from the quarter before.
Was IDEX profitable in the fourth quarter 2025?
Operating profit was $184M (20.4% of revenue) and net earnings $128M.
Source: IDEX 10-K on SEC EDGAR.