IDEX Corporation (IEX): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el intrincado panorama de la ingeniería de precisión industrial, IDEX Corporation (IEX) surge como una fuerza transformadora, navegando estratégicamente la dinámica del mercado compleja a través de un modelo de negocio innovador que integra perfectamente soluciones tecnológicas de vanguardia en diversos sectores industriales. Con un enfoque notable para el manejo de fluidos, la dispensación y el equipo especializado, IDEX ha creado meticulosamente un lienzo de modelo de negocio que no solo aborda desafíos industriales críticos, sino que también establece nuevos puntos de referencia en excelencia en la ingeniería, soluciones centradas en el cliente e innovación tecnológica.

IDEX Corporation (IEX) - Modelo de negocio: asociaciones clave

Proveedores estratégicos en sectores de manejo, dispensación y fabricación industrial de fluidos

IDEX Corporation mantiene asociaciones estratégicas con los siguientes proveedores clave:

Categoría de proveedor	Número de asociaciones activas	Valor de adquisición anual
Componentes de manejo de fluidos	37	$ 124.5 millones
Materiales de fabricación industrial	24	$ 86.3 millones
Proveedores de ingeniería de precisión	19	$ 52.7 millones

Asociaciones de fabricantes de equipos originales (OEM)

IDEX Corporation colabora con OEM en múltiples industrias:

• Equipo de fabricación de semiconductores
• Fabricación de dispositivos médicos
• Sistemas aeroespaciales y de defensa
• Tecnología automotriz

Sector industrial	Número de asociaciones OEM	Ingresos de asociación estimados
Semiconductor	12	$ 78.6 millones
Dispositivos médicos	18	$ 95.4 millones
Aeroespacial	9	$ 45.2 millones
Automotor	7	$ 33.8 millones

Colaboraciones de investigación y desarrollo

Las asociaciones de Idex Corporation incluyen:

• Centro de investigación de ingeniería avanzada del MIT
• Laboratorio de fabricación de precisión de Stanford
• Georgia Tech Fluid Dynamics Research Group

Institución de investigación	Duración de la asociación	Inversión anual de I + D
MIT	5 años	$ 3.2 millones
Stanford	3 años	$ 2.7 millones
Georgia Tech	4 años	$ 2.5 millones

Proveedores de tecnología y componentes

IDEX Corporation se asocia con tecnología especializada y proveedores de componentes:

Tipo de proveedor	Número de asociaciones	Valor de adquisición anual
Componentes electrónicos de precisión	22	$ 67.4 millones
Proveedores de materiales avanzados	16	$ 43.9 millones
Tecnología de sensor y control	14	$ 38.6 millones

IDEX Corporation (IEX) - Modelo de negocio: actividades clave

Diseño y fabricación de sistemas fluídicos de precisión

Capacidad de fabricación anual: 1.2 millones de componentes fluídicos de precisión

Ubicaciones de instalaciones de fabricación	Hoques cuadrados totales
Estados Unidos	285,000 pies cuadrados
Europa	127,500 pies cuadrados
Asia-Pacífico	95,000 pies cuadrados

Ingeniería de bombas especializadas, válvulas y soluciones de dispensación

Inversión de I + D en 2023: $ 47.3 millones

• 35 patentes de ingeniería activa
• 182 especialistas en ingeniería
• Ciclo promedio de desarrollo de productos: 18-24 meses

Innovación de productos y desarrollo tecnológico

Métricas de innovación	2023 datos
Nuevos lanzamientos de productos	12 líneas de productos únicas
Porcentaje de inversión tecnológica	6.4% de los ingresos anuales
Centros de innovación	4 ubicaciones globales

Servicios globales de ventas y atención al cliente

Tamaño del equipo de ventas globales: 247 profesionales

• Cobertura en 42 países
• Lenguas de apoyo: 12 idiomas internacionales
• Tiempo promedio de respuesta al cliente: 4.2 horas

Control de calidad y mejora continua de productos

Métricas de calidad	2023 rendimiento
ISO 9001 Instalaciones certificadas	7 sitios de fabricación
Tasa de defectos del producto	0.03%
Iniciativas anuales de mejora de la calidad	24 proyectos documentados

IDEX Corporation (IEX) - Modelo de negocio: recursos clave

Ingeniería avanzada y instalaciones de fabricación

IDEX Corporation opera múltiples instalaciones de fabricación a nivel mundial:

Ubicación	Tipo de instalación	Hoques cuadrados totales
Franklin, Wisconsin	Fabricación de componentes de precisión	185,000 pies cuadrados
Maple Grove, Minnesota	Sistemas de manejo de fluidos	137,000 pies cuadrados
Monterrey, México	Complejo de fabricación avanzada	92,000 pies cuadrados

Propiedad intelectual y tecnologías propietarias

Portafolio de propiedad intelectual de Idex Corporation:

• Patentes activas totales: 276
• Familias de patentes: 87
• Inversión en I + D en 2023: $ 98.4 millones

Ingeniería especializada y fuerza laboral técnica

Composición de la fuerza laboral	Número	Porcentaje
Total de empleados	7,400	100%
Ingenieros	1,250	16.9%
Especialistas técnicos	890	12%

Red de distribución y ventas globales

Presencia global de Idex Corporation:

• Operando en 15 países
• Oficinas de ventas: 24
• Centros de distribución: 12
• Ingresos internacionales: 42% de los ingresos totales

Capacidades de investigación y desarrollo robustas

Métricas de I + D	2023 datos
Gasto de I + D	$ 98.4 millones
Personal de I + D	456
Introducciones de nuevos productos	37

IDEX Corporation (IEX) - Modelo de negocio: propuestas de valor

Soluciones de manejo de fluidos de alta precisión

IDEX Corporation genera $ 1.488 mil millones en ingresos por soluciones de gestión de fluidos a partir de 2023. La compañía ofrece tecnologías de manejo de fluidos de precisión con una penetración en el mercado del 17.3% en segmentos de gestión de fluidos industriales.

Categoría de productos	Contribución de ingresos	Cuota de mercado
Bombas de precisión	$ 612 millones	22.4%
Sistemas de control de fluidos	$ 456 millones	19.7%
Diagnóstico de fluidos avanzados	$ 420 millones	15.6%

Ingeniería personalizada para aplicaciones industriales complejas

IDEX ofrece soluciones de ingeniería especializadas con una tasa de satisfacción del cliente del 93.7% en múltiples sectores industriales.

• Soluciones de ingeniería aeroespacial: ingresos de $ 276 millones
• Sistemas de fabricación de semiconductores: ingresos de $ 338 millones
• Ingeniería de dispositivos médicos: ingresos de $ 412 millones

Tecnologías innovadoras en segmentos de mercado múltiples

IDEX invierte el 6.2% de los ingresos anuales ($ 183 millones) en la investigación y el desarrollo en las plataformas de tecnología.

Segmento tecnológico	Inversión de I + D	Solicitudes de patentes
Tecnologías de manejo de fluidos	$ 78 millones	47 patentes
Componentes de precisión	$ 62 millones	33 patentes
Sistemas de detección avanzados	$ 43 millones	26 patentes

Equipo confiable y eficiente para procesos críticos

IDEX mantiene un Calificación de confiabilidad del equipo 99.2% a través de aplicaciones industriales críticas con implementación global en 42 países.

Rendimiento integral del producto y atención al cliente

IDEX brinda apoyo integral con la red de servicios globales que cubren 178 centros de servicio y asistencia técnica 24/7.

• Tiempo de respuesta promedio: 2.4 horas
• Tasa de retención de clientes: 94.6%
• Cobertura de soporte técnico: Global

IDEX Corporation (IEX) - Modelo de negocios: relaciones con los clientes

Compromiso del equipo de ventas directo

IDEX Corporation mantiene una fuerza de ventas dedicada de 487 profesionales de ventas directas en múltiples segmentos de negocios a partir de 2023. El equipo de ventas cubre los mercados globales con un enfoque en los sectores industriales, de salud y de tecnologías de precisión.

Métrica del equipo de ventas	2023 datos
Representantes de ventas directas totales	487
Cobertura geográfica	América del Norte, Europa, Asia-Pacífico
Ciclo de ventas promedio	6-9 meses

Soporte técnico y servicios de consulta

IDEX brinda soporte técnico integral a través de equipos de ingeniería especializados en sus tres plataformas comerciales.

• Disponibilidad de soporte técnico 24/7
• Equipos de consulta de ingeniería dedicados
• Tiempo de respuesta: promedio de 4 horas para problemas críticos

Enfoque de asociación a largo plazo

IDEX se centra en establecer relaciones estratégicas a largo plazo con clientes industriales y de atención médica clave. A partir de 2023, el 62% de los ingresos proviene de clientes con relaciones superiores a 5 años.

Métrico de asociación	Porcentaje
Relaciones a los clientes a largo plazo (> 5 años)	62%
Tarifa de cliente repetida	78%
Tasa de retención de clientes	85%

Soluciones de ingeniería personalizadas

IDEX invierte significativamente en capacidades de ingeniería personalizadas, con $ 127 millones asignados a I + D en 2023. La compañía proporciona soluciones personalizadas en el manejo de fluidos, los componentes de precisión y las tecnologías de detección.

• Equipos de ingeniería dedicados para soluciones personalizadas
• Capacidades rápidas de prototipos
• Enfoque de desarrollo de productos colaborativos

Plataformas de interacción con el cliente digital

IDEX ha implementado plataformas avanzadas de interacción de clientes digitales con 97% de la tasa de participación digital en los segmentos clave de los clientes.

Métrica de plataforma digital	2023 datos
Tasa de compromiso digital	97%
Resolución de boletos de soporte en línea	92%
Usuarios de portal de clientes digitales	3,742

IDEX Corporation (IEX) - Modelo de negocios: canales

Fuerza de ventas directa

IDEX Corporation mantiene un equipo de ventas directo dedicado de 287 representantes de ventas profesionales a partir del cuarto trimestre de 2023. La fuerza de ventas cubre múltiples regiones geográficas con experiencia especializada en manejo de fluidos, componentes de precisión y incendios & Tecnologías de seguridad.

Región de ventas	Número de representantes	Cobertura de ventas promedio
América del norte	142	$ 24.3 millones
Europa	89	$ 18.7 millones
Asia Pacífico	56	$ 15.6 millones

Catálogos de productos en línea

IDEX opera 3 catálogos integrales de productos digitales en sus segmentos comerciales, generando $ 42.5 millones en ingresos por ventas en línea en 2023.

• Líquido & Catálogo de control de movimiento
• Fuego & Catálogo de equipos de seguridad
• Catálogo de componentes de precisión

Ferias y exhibiciones de la industria

IDEX participó en 27 ferias internacionales en 2023, con una inversión total de exhibición de $ 3.2 millones.

Categoría de feria comercial	Número de espectáculos	Generación de leads
Fabricación	12	1.847 clientes potenciales calificados
Fuego & Seguridad	8	1.256 clientes potenciales calificados
Tecnologías industriales	7	1.092 clientes potenciales calificados

Redes de distribuidores

IDEX mantiene las relaciones con 412 distribuidores autorizados a nivel mundial, que cubren 68 países.

• América del Norte: 156 distribuidores
• Europa: 124 distribuidores
• Asia Pacífico: 87 distribuidores
• América Latina: 45 distribuidores

Plataformas de marketing digital y comercio electrónico

Los canales digitales generaron $ 187.6 millones en ingresos para IDEX en 2023, lo que representa el 22.4% de las ventas totales de la compañía.

Canal digital	Ganancia	Índice de crecimiento
Sitio web de la empresa	$ 76.3 millones	14.2%
Plataformas de comercio electrónico	$ 62.4 millones	18.7%
Canales de marketing digital	$ 48.9 millones	11.5%

IDEX Corporation (IEX) - Modelo de negocio: segmentos de clientes

Empresas de fabricación industrial

IDEX atiende a clientes de fabricación industrial con ingresos anuales de $ 4.2 mil millones en 2023. Los segmentos específicos de los clientes incluyen:

Subsector de la industria	Porcentaje de la base de clientes	Gasto anual estimado
Fabricación automotriz	22%	$ 924 millones
Fabricación aeroespacial	18%	$ 756 millones
Fabricación de equipos pesados	15%	$ 630 millones

Fabricantes de equipos médicos y de atención médica

IDEX proporciona soluciones especializadas con una penetración específica del mercado:

• El segmento de fabricación de dispositivos médicos representa el 27% de la base total de clientes
• Ingresos anuales de clientes de equipos médicos: $ 1.134 mil millones
• Las áreas de enfoque clave incluyen equipos de diagnóstico e instrumentación quirúrgica

Industrias de semiconductores y electrónica

El compromiso de IDEX con los clientes de semiconductores:

Segmento de electrónica	Cuota de mercado	Ingresos anuales estimados
Equipo semiconductor	12%	$ 504 millones
Fabricación de componentes electrónicos	8%	$ 336 millones

Instituciones de investigación científica

Detalles del segmento de clientes de investigación científica de IDEX:

• Representa el 10% de la base total de clientes
• Ingresos anuales de instituciones de investigación: $ 420 millones
• Enfoque principal en equipos de laboratorio y analíticos

Empresas de ingeniería especializadas

Desglose del segmento de clientes de ingeniería:

Dominio de ingeniería	Porcentaje del cliente	Contribución anual de ingresos
Ingeniería ambiental	5%	$ 210 millones
Ingeniería de procesos	5%	$ 210 millones

IDEX Corporation (IEX) - Modelo de negocio: Estructura de costos

Inversiones de investigación y desarrollo

Para el año fiscal 2022, Idex Corporation invirtió $ 48.3 millones en gastos de investigación y desarrollo, lo que representa el 3.8% de los ingresos totales.

Año fiscal	Inversión de I + D	Porcentaje de ingresos
2022	$ 48.3 millones	3.8%
2021	$ 44.7 millones	3.6%

Gastos de fabricación y producción

Los costos totales de fabricación de Idex Corporation para 2022 fueron de $ 392.6 millones, con una distribución clave en múltiples segmentos:

Segmento de negocios	Gastos de fabricación
Líquido & Tecnologías de medición	$ 167.4 millones
Salud & Tecnologías científicas	$ 138.9 millones
Fuego & Seguridad/productos diversificados	$ 86.3 millones

Fuerza laboral global y adquisición de talento

Al 31 de diciembre de 2022, IDEX Corporation empleaba a 8,100 trabajadores a nivel mundial con gastos totales de personal de $ 603.2 millones.

• Compensación promedio de empleados: $ 74,470 por año
• Distribución global de la fuerza laboral: 52% Estados Unidos, 48% internacional
• Costos de reclutamiento y capacitación: $ 12.6 millones en 2022

Mantenimiento de la infraestructura tecnológica

Los costos de mantenimiento de tecnología e infraestructura para 2022 totalizaron $ 67.5 millones, que incluyen:

• Actualizaciones de sistemas de TI: $ 22.3 millones
• Inversiones de ciberseguridad: $ 15.7 millones
• Computación en la nube e infraestructura digital: $ 29.5 millones

Costos operativos de marketing y ventas

Los gastos de marketing y ventas para IDEX Corporation en 2022 fueron de $ 156.4 millones.

Categoría de gastos de marketing	Costo
Marketing digital	$ 37.6 millones
Marketing de ferias comerciales y eventos	$ 28.9 millones
Compensación del equipo de ventas	$ 89.9 millones

IDEX Corporation (IEX) - Modelo de negocios: flujos de ingresos

Venta de productos en múltiples sectores industriales

IDEX Corporation reportó ingresos totales de $ 4.7 mil millones para el año fiscal 2022, con diversas ventas de productos en múltiples sectores industriales.

Sector industrial	Contribución de ingresos
Líquido & Tecnologías de medición	$ 1.6 mil millones
Salud & Tecnologías científicas	$ 1.2 mil millones
Fuego & Seguridad/productos diversificados	$ 1.9 mil millones

Piezas de posventa e ingresos por servicio

Las piezas del mercado de accesorios y los ingresos por servicio representaron aproximadamente el 25% de los ingresos totales, representando $ 1.175 mil millones en 2022.

Licencias de tecnologías propietarias

IDEX generó ingresos por licencias estimados en $ 45 millones en 2022 de tecnologías propietarias en varios segmentos.

Contratos de soluciones de ingeniería personalizadas

Los contratos de soluciones de ingeniería personalizada contribuyeron aproximadamente $ 310 millones a los ingresos de la compañía en 2022.

Venta y distribución de equipos globales

Desglose de ventas de equipos globales por región en 2022:

Región	Ingresos por ventas
América del norte	$ 2.1 mil millones
Europa	$ 1.3 mil millones
Asia Pacífico	$ 980 millones
Resto del mundo	$ 320 millones

Los flujos de ingresos de IDEX Corporation demuestran un enfoque diversificado en múltiples sectores industriales y mercados globales.

IDEX Corporation (IEX) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose IDEX Corporation over alternatives, which is really about their deep engineering expertise in niche, high-stakes environments. These aren't off-the-shelf parts; they are mission-critical enablers.

High reliability and uptime for mission-critical applications

The value proposition here is built on trust, especially within the Fire & Safety/Diversified Products (FSDP) segment. Brands like Akron Brass, Hale Products, HURST Jaws of Life, and Vetter specialize in manufacturing what they call the world's most reliable Fire and Safety Equipment. They work to solve problems where failure isn't an option, which is why first responders depend on them.

Precision fluidics and flow control for complex processes

This is heavily driven by the Fluid & Metering Technologies (FMT) segment, which designs pumps, valves, and flow meters. The value is in the exact control of fluids in demanding industries like chemical, food, and energy. Even within the Health & Science Technologies (HST) segment, the acquired Mott business is delivering on this, securing a $40 million multiyear contract for wastewater filtration solutions, with bookings expected to contribute to revenue in the second half of 2025. The FMT segment posted an Adjusted EBITDA Margin of 35% in the second quarter of 2025.

Customized, highly engineered components for OEMs and end-users

IDEX Corporation emphasizes co-innovation. Mott Corporation, for example, has a history of solving complex engineering challenges by working directly with global OEMs and technical brands. This customization capability is key to securing business in high-value markets. The company's overall strategy is focused on its 80/20 principle, prioritizing these advantaged markets where technical expertise creates barriers to competition.

Advanced material science solutions, e.g., Mott's porous structures

The integration of Mott Corporation significantly bolstered IDEX Corporation's capabilities in applied materials science. This acquisition, completed for a cash consideration of approximately $986.2 million (net of cash acquired), brought expertise in sintered porous material structures. Mott is now part of the HST segment, which saw its organic sales increase by 4% in the second quarter of 2025. Management noted that the HST segment is projected to lead growth within the full-year 2025 guidance range, supported by incremental contributions from Mott.

Here's a quick look at how the segments contributed to the top line in 2024, showing where these value propositions are monetized:

Segment	2024 Net Sales Percentage	Q2 2025 Organic Sales Growth
Fluid & Metering Technologies (FMT)	38%	-2%
Health & Science Technologies (HST)	39%	4%
Fire & Safety/Diversified Products (FSDP)	23%	2%

Differentiated rescue tools and fire safety equipment

The FSDP segment delivers this value through brands like HURST Jaws of Life, the sole manufacturer of the Jaws of Life® brand, and Godiva, a leading provider of firefighting pumps. The value is in providing trusted, durable equipment for emergency response. This segment demonstrated strong profitability, posting an Adjusted EBITDA Margin of 29.4% in the first quarter of 2025. The segment's organic sales grew by 2% in the second quarter of 2025.

The company's overall financial outlook for 2025 reflects the demand for these propositions, with an expected full-year organic sales growth guidance of approximately 1% and adjusted diluted EPS guidance between $7.85 and $7.95.

• HURST Jaws of Life: The only manufacturer of the Jaws of Life® brand.
• Hale Products: Manufacturer of high-performance firefighting pumps and fire suppression equipment.
• Vetter Gmbh: Global leader in technically superior pneumatic lifting bags and strut systems.
• Mott secured a $40 million wastewater filtration deal in Q1 2025.

Finance: draft 13-week cash view by Friday.

IDEX Corporation (IEX) - Canvas Business Model: Customer Relationships

You're looking at how IDEX Corporation (IEX) keeps its customers locked in, which is key for an engineered products company. The relationships are built on technical depth, not just transactions.

Dedicated sales and service teams for complex, long-cycle sales

IDEX Corporation structures its engagement around the complexity of the sale. Management noted in Q2 2025 that they were seeing slower customer decision-making, particularly affecting larger orders, which points directly to the long-cycle nature of their core projects. The company's focus on engineered niche products means the sales process requires deep technical alignment with the customer's application. This consultative approach is necessary for their mission-critical components, which are not easily substituted.

The company's structure supports this through its segments, like the Fluid & Safety & Defense (FSD) group, which saw 5% organic sales growth in Q1 2025, driven by municipal water projects and defense contracts, areas known for extended procurement cycles. The backlog built across all three segments in Q1 2025 also suggests a pipeline of these longer-term engagements.

High-touch, consultative relationships with key OEMs

The strategy involves deep collaboration, especially with Original Equipment Manufacturers (OEMs) in their target high-growth platforms like advanced water filtration and defense optics. The recent acquisition of Mott is an example of building capability to serve key customers, securing a $40 million wastewater filtration deal for dairy farm projects, which expands the FSD footprint. This type of win requires a high-touch, solution-oriented approach rather than transactional selling. The company is focused on markets that exhibit high customer stickiness, which is a direct result of these integrated solution sales.

Sustained service and aftermarket support for installed base

A core element of IDEX Corporation's relationship strategy is generating recurring revenue from the installed base through service and aftermarket parts. The business model earns revenue from equipment sales, aftermarket parts, and service contracts. This focus on recurring revenue streams is a deliberate strategy to build resilience against cyclical downturns. While a specific aftermarket revenue percentage for 2025 isn't public, the emphasis on long-term relationships and non-substitutable products supports a sustained service component. The company's strong liquidity, with $568 million in cash at the end of Q2 2025, provides the financial backing to maintain this support infrastructure.

Focusing resources on the top 20% of high-value customers (80/20)

IDEX Corporation explicitly confirms its adherence to the 80/20 philosophy, using it to drive momentum within its growth platforms. This means resources are intentionally concentrated on the customers and applications that deliver the highest value. The CEO noted that the teams are effectively collaborating across businesses to support their fastest growing customers. This focus is how the company maintains elite profitability, with an Adjusted EBITDA margin of 27.3% reported in Q3 2025. The company's ability to pass through cost inflation, assuming roughly $100 million of tariff-related costs in 2025, is partly attributed to the strong pricing power derived from serving these high-value, specialized needs.

Here are some key financial metrics that reflect the operational strength supporting these relationships in 2025:

Metric	Value/Range (As of Late 2025 Data)	Context
Full Year 2025 Organic Sales Growth Guidance	1%-3%	Reflects the pace of new business from established relationships.
Q3 2025 Organic Revenue Growth	5%	Indicates strong momentum in core, relationship-driven areas.
Q2 2025 Free Cash Flow Conversion	94%	Shows high quality of earnings generated from operations.
Q3 2025 Adjusted EBITDA Margin	27.3%	Demonstrates pricing power with key customers.
Full Year 2025 Adjusted EPS Guidance (Midpoint)	$7.89	The expected financial outcome of the business strategy.

The company is executing efficiency programs, targeting about $43 million in operating expense savings in 2025, which helps maintain margin health even when facing headwinds like slower decision-making.

The customer relationship strategy is supported by the following operational focus areas:

• Prioritizing defense and energy transition segments.
• Leveraging scale to drive sourcing savings.
• Building backlog across all three segments.
• Focusing capital deployment toward M&A for growth platforms.
• Delivering solutions in advanced markets like space and data centers.

Finance: review the Q4 2025 forecast against the 80/20 customer revenue concentration model by end of month.

IDEX Corporation (IEX) - Canvas Business Model: Channels

Direct sales force for large industrial and municipal contracts

• Focus on large industrial and municipal contracts.

• The Fire & Safety/Diversified Products (FSDP) segment utilizes this channel for certain large-scale projects.

• FSDP segment reported net sales of $192.9 million for the fourth quarter of 2024.

Global network of specialized distributors and representatives

• Network supports global reach across all segments.

• Health & Science Technologies (HST) segment net sales were $373.2 million in the fourth quarter of 2024.

• Fluid & Metering Technologies (FMT) segment net sales were $299.3 million in the fourth quarter of 2024.

Direct supply to Original Equipment Manufacturers (OEMs)

• Direct supply is a key method for the Fluid & Metering Technologies segment.

• IDEX Corporation's total revenue for the third quarter of CY2025 was $878.7 million.

• IDEX Corporation's revenue for the last twelve months ending September 30, 2025, was $3.42B.

E-commerce platforms for certain aftermarket parts and services

• Used for specific aftermarket parts and services.

• The overall company's Market Capitalization as of Q3 CY2025 was $12.57 billion.

• The company's Adjusted EBITDA margin for Q3 CY2025 was 27.3%.

Channel-Relevant Financial Snapshot (Based on Q4 2024 Segment Data)

Segment	Q4 2024 Net Sales (Millions USD)	Q4 2024 Adjusted EBITDA Margin
Health & Science Technologies (HST)	$373.2	26.4%
Fluid & Metering Technologies (FMT)	$299.3	31.6%
Fire & Safety/Diversified Products (FSDP)	$192.9	28.1%

Latest Reported Financial Metrics (2025)

• Q3 CY2025 Organic Revenue growth year-on-year: 5%.

• Full Year 2025 Organic Sales Growth Guidance: 1%.

• Q2 2025 Free Cash Flow: $147 million.

• Q3 2025 Free Cash Flow Margin: 21.5%.

IDEX Corporation (IEX) - Canvas Business Model: Customer Segments

You're looking at the core of IDEX Corporation's value delivery, which is segmented by the highly specialized end markets they serve. Honestly, their customer base isn't about volume; it's about precision and mission-critical applications. For context, IDEX Corporation reported total sales of $3.3 Billion for the full year 2024, and they are guiding for 2025 full-year organic sales growth between 1% and 3%.

The customer segments map directly to their three operating segments. The key is that IDEX's engineered products often aren't easily substituted, which helps lock in long-term customer relationships, as CEO Eric D. Ashleman noted.

Here is a breakdown of the customer segments based on the first quarter of 2025 net sales to external customers:

Customer Segment Group	Q1 2025 Net Sales (External)	Q1 2025 Organic Sales Change	Q2 2025 Adjusted EBITDA Margin
Health & Science Technologies (HST)	$340.1 Million	-1%	26%
Fluid & Metering Technologies (FMT)	$290.2 Million	-4%	35%
Fire & Safety/Diversified Products (FSDP)	$184.0 Million	+5%	29.4%

The dynamics within these groups show where the near-term focus is. For instance, in the second quarter of 2025, HST saw organic sales increase by 4%, while FMT's organic sales declined by 2%.

Health & Science Technologies (HST): Life sciences, semiconductor, space, and defense

This group serves customers focused on high-growth, technical niches. You see their strength in the order book, with HST reaching a record high of $390 Million in organic orders in the third quarter of 2025.

• Life sciences and pharma customers are showing continued strength.
• Semiconductor capital equipment is expected to see a second-half recovery in 2025.
• Defense and space systems are key drivers, with Q3 2025 organic revenue growing 10%.
• The segment is expected to lead overall growth in 2025 with high single-digit potential.

Fluid & Metering Technologies (FMT): Water/wastewater, energy, and industrial processing

FMT customers are tied to infrastructure and industrial cycles. This segment boasts the highest margin profile, hitting an adjusted EBITDA margin of 35% in the second quarter of 2025, which is defintely something to watch.

• Municipal water projects provided a positive offset in Q1 2025.
• Automotive and agricultural sectors caused a Q1 2025 organic sales drop of 4%.
• The segment posted a 7% organic order increase in Q2 2025, suggesting future sales stabilization.

Fire & Safety/Diversified Products (FSDP): Fire/rescue, municipal, and dispensing markets

This segment supports municipal services and industrial automation. While FSDP saw strong 5% organic sales growth in Q1 2025, management noted headwinds later in the year, with Q3 2025 seeing a 5% decline in organic sales due to funding disruptions.

• Fire OEM demand in North America supports the midpoint of the 2025 growth expectation.
• Municipal water infrastructure deals are a key positive driver.
• The segment experienced a 200 basis point contraction in adjusted EBITDA margin in Q3 2025.

Global industrial companies requiring precision fluid handling

This is the overarching theme connecting the segments, often realized through strategic acquisitions. For example, the acquisition of Mott Corporation in September 2024 bolstered the HST segment, bringing in customers needing advanced filtration for applications like dairy farm wastewater treatment, securing a $40 Million deal for FSDP's footprint expansion.

• Customer acquisition relies on specialized engineering and proprietary tech.
• The 80/20 operating model focuses resources on the best opportunities within these niche markets.
• The company is deploying capital to build growth platforms in advanced markets.

Finance: draft 13-week cash view by Friday.

IDEX Corporation (IEX) - Canvas Business Model: Cost Structure

You're looking at the major outflows for IDEX Corporation as of late 2025, which is heavily weighted toward complex engineering and operational upkeep. The structure reflects a commitment to specialized, high-value markets.

High fixed costs from specialized manufacturing and R&D

IDEX Corporation's model inherently carries significant fixed costs tied to maintaining specialized manufacturing capabilities and continuous Research & Development. Reduced demand in certain end markets could lead to the delay or cancellation of existing orders, which unfavorably impacts the absorption of these fixed manufacturing costs. This is a known risk area for the Company.

Cost of goods sold (COGS) for complex, engineered materials

While a direct COGS percentage isn't always broken out, the focus on complex, engineered materials means input costs and manufacturing overhead are substantial components of the Cost of Goods Sold. For instance, in the third quarter of 2025, the Adjusted EBITDA margin was 27.3%, which is the result of net sales minus COGS and operating expenses (excluding certain items). The Q3 2025 Adjusted EBITDA was reported as $239.8 million on sales of $878.7 million.

The cost structure is managed through operational levers:

• Operational productivity improvements and platform optimization savings offset higher employee-related costs in Q3 2025.
• Adjusted gross margin in Q3 2025 was relatively flat, excluding the benefit of lower fair value inventory step-up charges.

Selling, General, and Administrative (SG&A) expenses, including M&A integration

Corporate overhead, a key part of SG&A, shows the ongoing cost of running the enterprise, including integration efforts from recent acquisitions like Mott. Corporate costs included in consolidated Adjusted EBITDA were $21.7 million for the third quarter of 2025. This was slightly up from $21.5 million in the same prior year period, with both periods benefiting from variable compensation adjustments. For the second quarter of 2025, these corporate costs were $22.9 million.

Targeting $60+ million in full-year 2025 savings from platform optimization

IDEX Corporation is actively working to offset cost pressures through internal efficiency programs. The combined impact from platform optimization and delayering efforts, plus other cost containment actions, is targeted to deliver significant savings for the full year 2025. As of the first quarter of 2025 reports, the platform optimization and delayering efforts were on track for an anticipated total of $43 million impact for 2025. Furthermore, an additional tranche of cost containment was identified, yielding an extra $20 million of savings for 2025. This brings the explicitly stated cost mitigation target to $63 million for the year.

Capital expenditures for facility and equipment upgrades

Investment in the physical assets supporting specialized manufacturing remains a cost component. Earlier in 2025, the projection for Capital Expenditures for the full year was set around $90 million. This spending supports the company's growth platform playbook and facility needs.

Here's a look at some key 2025 financial metrics relevant to the cost base, based on Q3 2025 results:

Metric	Amount/Value	Period/Context
Reported Sales	$878.7 million	Q3 2025
Adjusted EBITDA	$239.8 million	Q3 2025
Adjusted EBITDA Margin	27.3%	Q3 2025
Corporate Costs (Adjusted EBITDA component)	$21.7 million	Q3 2025
Platform Optimization Savings Target (Cumulative)	$43 million	Anticipated Full Year 2025 Impact
Additional Cost Containment Savings Target	$20 million	For Full Year 2025
Projected Capital Expenditures	$90 million	Full Year 2025 Estimate

Finance: review the Q4 2025 projected CapEx against actual spend by January 15, 2026.

IDEX Corporation (IEX) - Canvas Business Model: Revenue Streams

The revenue streams for IDEX Corporation (IEX) are fundamentally built upon the sale of its highly specialized, engineered equipment, supplemented by recurring, high-margin revenue from services and parts. This dual approach helps stabilize performance across different economic cycles.

The core of the revenue generation comes from sales of highly engineered products and systems. These are the complex pumps, valves, flow meters, and optical components that serve mission-critical applications. You see this reflected in the performance of the operating segments. For instance, in the third quarter of 2025, the Health & Science Technologies (HST) segment showed significant momentum, with reported sales increasing by $\text{22%}$ year-over-year, driven by demand in data centers, pharma, and space/defense markets. The Fluid & Metering Technologies (FMT) segment also contributed, with organic sales increasing by $\text{4%}$ in that same quarter.

The second critical component is aftermarket parts, service, and repair revenue. While the search results don't provide a direct percentage split, this stream is consistently noted as being high-margin, providing a durable revenue base. The strength in the HST segment, for example, includes consumables for semiconductors, which suggests a steady stream of repeat business beyond the initial system sale.

To give you a snapshot of the recent financial performance anchoring these streams, here are the key figures from the late 2025 reporting period:

Financial Metric	Value
Q3 2025 Revenue	$878.7 million
Q3 2025 Organic Revenue Growth	5%
Full-Year 2025 Net Sales Estimate Range	$3,445.3 million to $3,461.3 million
Adjusted Diluted EPS Guidance for 2025	$7.86 to $7.91
Revenue (Last Twelve Months) as of Q3 2025	$3.42 Billion USD

The overall revenue picture for the full year 2025 is based on management's narrowed outlook. The company is projecting full-year net sales to fall between $\text{3,445.3 million}$ and $\text{3,461.3 million}$ dollars. This projection underpins the adjusted diluted EPS guidance, which management narrowed to a range of $\text{7.86}$ to $\text{7.91}$ dollars per share for the full year.

You can see the underlying demand through the order book, which hit a record in Q3 2025. This suggests strong future revenue visibility, even if order cycles are elongating due to external factors like trade policy shifts.

The revenue drivers by segment in Q3 2025 included:

• HST segment sales up $\text{22%}$ reported.
• HST segment organic orders up $\text{5%}$.
• FMT segment organic sales up $\text{4%}$.
• FSDP segment sales saw a $\text{3%}$ decline.

The company is definitely leaning into the higher-growth platforms to drive future sales. Finance: draft 13-week cash view by Friday.