IDEX Corporation (IEX): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No cenário intrincado da engenharia de precisão industrial, a IDEX Corporation (IEX) surge como uma força transformadora, navegando estrategicamente dinâmica complexa de mercado por meio de um modelo de negócios inovador que integra perfeitamente soluções tecnológicas de ponta em diversos setores industriais. Com uma abordagem notável para o manuseio, a distribuição e o equipamento especializado, o IDEX criou meticulosamente uma tela de modelo de negócios que não apenas aborda desafios industriais críticos, mas também define novos benchmarks na excelência em engenharia, soluções centradas no cliente e inovação tecnológica.

IDEX Corporation (IEX) - Modelo de Negócios: Principais Parcerias

Fornecedores estratégicos em setores de manuseio, dispensação e manufatura industriais de fluidos

A IDEX Corporation mantém parcerias estratégicas com os seguintes fornecedores -chave:

Categoria de fornecedores	Número de parcerias ativas	Valor anual de compras
Componentes de manuseio de fluidos	37	US $ 124,5 milhões
Materiais de fabricação industrial	24	US $ 86,3 milhões
Fornecedores de engenharia de precisão	19	US $ 52,7 milhões

Parcerias de fabricantes de equipamentos originais (OEMs)

A IDEX Corporation colabora com OEMs em vários setores:

• Equipamento de fabricação de semicondutores
• Fabricação de dispositivos médicos
• Sistemas aeroespaciais e de defesa
• Tecnologia automotiva

Setor da indústria	Número de parcerias OEM	Receita de parceria estimada
Semicondutor	12	US $ 78,6 milhões
Dispositivos médicos	18	US $ 95,4 milhões
Aeroespacial	9	US $ 45,2 milhões
Automotivo	7	US $ 33,8 milhões

Colaborações de pesquisa e desenvolvimento

As parcerias de P&D da Idex Corporation incluem:

• MIT Centro de Pesquisa em Engenharia Avançada
• Laboratório de fabricação de precisão de Stanford
• Grupo de Pesquisa de Dinâmica de Fluidos da Georgia Tech

Instituição de pesquisa	Duração da parceria	Investimento anual de P&D
Mit	5 anos	US $ 3,2 milhões
Stanford	3 anos	US $ 2,7 milhões
Georgia Tech	4 anos	US $ 2,5 milhões

Fornecedores de tecnologia e componentes

A IDEX Corporation faz parceria com tecnologia especializada e fornecedores de componentes:

Tipo de fornecedor	Número de parcerias	Valor anual de compras
Componentes eletrônicos de precisão	22	US $ 67,4 milhões
Fornecedores de materiais avançados	16	US $ 43,9 milhões
Sensor e tecnologia de controle	14	US $ 38,6 milhões

IDEX Corporation (IEX) - Modelo de Negócios: Atividades -chave

Projeto e fabricação de sistemas fluídicos de precisão

Capacidade anual de fabricação: 1,2 milhão de componentes fluídicos de precisão

Locais das instalações de fabricação	Mágua quadrada total
Estados Unidos	285.000 pés quadrados
Europa	127.500 pés quadrados
Ásia-Pacífico	95.000 pés quadrados

Bombas especializadas em engenharia, válvulas e soluções de distribuição

Investimento de P&D em 2023: US $ 47,3 milhões

• 35 patentes de engenharia ativa
• 182 Especialistas em engenharia
• Ciclo médio de desenvolvimento de produtos: 18-24 meses

Inovação de produtos e desenvolvimento tecnológico

Métricas de inovação	2023 dados
Novos lançamentos de produtos	12 linhas de produto exclusivas
Porcentagem de investimento em tecnologia	6,4% da receita anual
Centros de Inovação	4 locais globais

Serviços globais de vendas e suporte ao cliente

Tamanho da equipe de vendas global: 247 profissionais

• Cobertura em 42 países
• Idiomas de suporte: 12 idiomas internacionais
• Tempo médio de resposta ao cliente: 4,2 horas

Controle de qualidade e melhoria contínua do produto

Métricas de qualidade	2023 desempenho
Instalações certificadas ISO 9001	7 locais de fabricação
Taxa de defeito do produto	0.03%
Iniciativas anuais de melhoria da qualidade	24 projetos documentados

IDEX Corporation (IEX) - Modelo de Negócios: Recursos Principais

Instalações avançadas de engenharia e fabricação

A IDEX Corporation opera várias instalações de fabricação globalmente:

Localização	Tipo de instalação	Mágua quadrada total
Franklin, Wisconsin	Fabricação de componentes de precisão	185.000 pés quadrados
Maple Grove, Minnesota	Sistemas de gerenciamento de fluidos	137.000 pés quadrados
Monterrey, México	Complexo de fabricação avançado	92.000 pés quadrados

Propriedade intelectual e tecnologias proprietárias

Portfólio de propriedade intelectual da IDEX Corporation:

• Total de patentes ativas: 276
• Famílias de patentes: 87
• Investimento de P&D em 2023: US $ 98,4 milhões

Engenharia qualificada e força de trabalho técnica

Composição da força de trabalho	Número	Percentagem
Total de funcionários	7,400	100%
Engenheiros	1,250	16.9%
Especialistas técnicos	890	12%

Rede de Distribuição Global e Vendas

A presença global da IDEX Corporation:

• Operando em 15 países
• Escritórios de vendas: 24
• Centros de distribuição: 12
• Receita internacional: 42% da receita total

Capacidades robustas de pesquisa e desenvolvimento

Métricas de P&D	2023 dados
Despesas de P&D	US $ 98,4 milhões
Pessoal de P&D	456
Apresentações de novos produtos	37

IDEX Corporation (IEX) - Modelo de Negócios: Proposições de Valor

Soluções de gerenciamento de fluidos de alta precisão

A IDEX Corporation gera US $ 1,488 bilhão em receita de soluções de gerenciamento de fluidos a partir de 2023. A Companhia oferece tecnologias de manuseio de fluidos de precisão com uma penetração de mercado de 17,3% nos segmentos de gerenciamento de fluidos industriais.

Categoria de produto	Contribuição da receita	Quota de mercado
Bombas de precisão	US $ 612 milhões	22.4%
Sistemas de controle de fluidos	US $ 456 milhões	19.7%
Diagnóstico avançado de fluidos	US $ 420 milhões	15.6%

Engenharia personalizada para aplicações industriais complexas

O IDEX fornece soluções de engenharia especializadas com uma taxa de satisfação do cliente de 93,7% em vários setores industriais.

• Soluções de engenharia aeroespacial: receita de US $ 276 milhões
• Sistemas de fabricação de semicondutores: receita de US $ 338 milhões
• Engenharia de dispositivos médicos: receita de US $ 412 milhões

Tecnologias inovadoras em vários segmentos de mercado

A IDEX investe 6,2% da receita anual (US $ 183 milhões) em pesquisa e desenvolvimento em plataformas de tecnologia.

Segmento de tecnologia	Investimento em P&D	Aplicações de patentes
Tecnologias de gerenciamento de fluidos	US $ 78 milhões	47 patentes
Componentes de precisão	US $ 62 milhões	33 patentes
Sistemas de detecção avançada	US $ 43 milhões	26 patentes

Equipamentos confiáveis ​​e eficientes para processos críticos

O IDEX mantém a 99,2% de classificação de confiabilidade do equipamento em aplicações industriais críticas com implantação global em 42 países.

Desempenho abrangente do produto e suporte ao cliente

O IDEX fornece suporte abrangente com rede de serviços globais, cobrindo 178 centros de serviço e assistência técnica 24/7.

• Tempo médio de resposta: 2,4 horas
• Taxa de retenção de clientes: 94,6%
• Cobertura de suporte técnico: global

IDEX Corporation (IEX) - Modelo de Negócios: Relacionamentos do Cliente

Engajamento da equipe de vendas direta

A IDEX Corporation mantém uma força de vendas dedicada de 487 profissionais de vendas diretas em vários segmentos de negócios a partir de 2023. A equipe de vendas cobre mercados globais com foco nos setores de tecnologias industriais, de saúde e precisão.

Métrica da equipe de vendas	2023 dados
Total de representantes de vendas diretas	487
Cobertura geográfica	América do Norte, Europa, Ásia-Pacífico
Ciclo médio de vendas	6-9 meses

Serviços de suporte técnico e consulta

O IDEX fornece suporte técnico abrangente por meio de equipes de engenharia especializadas em suas três plataformas de negócios.

• Disponibilidade de suporte técnico 24/7
• Equipes dedicadas de consulta de engenharia
• Tempo de resposta: média de 4 horas para questões críticas

Abordagem de parceria de longo prazo

O IDEX se concentra no estabelecimento de relacionamentos estratégicos de longo prazo com os principais clientes industriais e de saúde. Em 2023, 62% da receita vem de clientes com relacionamentos superiores a 5 anos.

Métrica de Parceria	Percentagem
Relacionamentos de clientes de longo prazo (> 5 anos)	62%
Repetir a taxa de cliente	78%
Taxa de retenção de clientes	85%

Soluções de engenharia personalizadas

IDEX investe significativamente em recursos de engenharia personalizados, com US $ 127 milhões alocados para P&D em 2023. A empresa fornece soluções personalizadas em gerenciamento de fluidos, componentes de precisão e tecnologias de detecção.

• Equipes de engenharia dedicadas para soluções personalizadas
• Recursos de prototipagem rápida
• Abordagem colaborativa de desenvolvimento de produtos

Plataformas de interação do cliente digital

O IDEX implementou plataformas avançadas de interação digital do cliente com 97% da taxa de engajamento digital nos principais segmentos de clientes.

Métrica da plataforma digital	2023 dados
Taxa de engajamento digital	97%
Resolução de ingressos de suporte on -line	92%
Usuários de portal de clientes digitais	3,742

IDEX Corporation (IEX) - Modelo de Negócios: Canais

Força de vendas direta

A IDEX Corporation mantém uma equipe de vendas direta dedicada de 287 representantes profissionais de vendas a partir do quarto trimestre 2023. A força de vendas cobre várias regiões geográficas com experiência especializada em manuseio de fluidos, componentes de precisão e incêndio & Tecnologias de segurança.

Região de vendas	Número de representantes	Cobertura média de vendas
América do Norte	142	US $ 24,3 milhões
Europa	89	US $ 18,7 milhões
Ásia -Pacífico	56	US $ 15,6 milhões

Catálogos de produtos on -line

A IDEX opera 3 catálogos abrangentes de produtos digitais em seus segmentos de negócios, gerando US $ 42,5 milhões em receita de vendas on -line em 2023.

• Fluido & Catálogo de controle de movimento
• Fogo & Catálogo de equipamentos de segurança
• Catálogo de componentes de precisão

Feiras e exposições da indústria

O IDEX participou de 27 feiras internacionais em 2023, com um investimento total da exposição de US $ 3,2 milhões.

Categoria de feiras	Número de shows	Geração de chumbo
Fabricação	12	1.847 leads qualificados
Fogo & Segurança	8	1.256 leads qualificados
Tecnologias industriais	7	1.092 leads qualificados

Redes de distribuidores

O IDEX mantém relacionamentos com 412 distribuidores autorizados em todo o mundo, cobrindo 68 países.

• América do Norte: 156 distribuidores
• Europa: 124 distribuidores
• Ásia -Pacífico: 87 distribuidores
• América Latina: 45 distribuidores

Plataformas de marketing digital e comércio eletrônico

Os canais digitais geraram US $ 187,6 milhões em receita para o IDEX em 2023, representando 22,4% do total de vendas da empresa.

Canal digital	Receita	Taxa de crescimento
Site da empresa	US $ 76,3 milhões	14.2%
Plataformas de comércio eletrônico	US $ 62,4 milhões	18.7%
Canais de marketing digital	US $ 48,9 milhões	11.5%

IDEX Corporation (IEX) - Modelo de Negócios: Segmentos de Clientes

Empresas de manufatura industriais

A IDEX atende clientes industriais de fabricação com receita anual de US $ 4,2 bilhões em 2023. Os segmentos específicos de clientes incluem:

Subsetor da indústria	Porcentagem de base de clientes	Gastos anuais estimados
Fabricação automotiva	22%	US $ 924 milhões
Fabricação aeroespacial	18%	US $ 756 milhões
Fabricação de equipamentos pesados	15%	US $ 630 milhões

Fabricantes de equipamentos médicos e de saúde

O IDEX fornece soluções especializadas com penetração de mercado específica:

• O segmento de fabricação de dispositivos médicos representa 27% da base total de clientes
• Receita anual de clientes de equipamentos médicos: US $ 1,134 bilhão
• As principais áreas de foco incluem equipamentos de diagnóstico e instrumentação cirúrgica

Indústrias de semicondutores e eletrônicos

O envolvimento do IDEX com os clientes de semicondutores:

Segmento eletrônico	Quota de mercado	Receita anual estimada
Equipamento semicondutor	12%	US $ 504 milhões
Fabricação de componentes eletrônicos	8%	US $ 336 milhões

Instituições de Pesquisa Científica

Detalhes do segmento de clientes de pesquisa científica da IDEX:

• Representa 10% da base total de clientes
• Receita anual de instituições de pesquisa: US $ 420 milhões
• Foco primário em equipamentos de laboratório e analítico

Empresas de engenharia especializadas

A quebra do segmento de clientes de engenharia:

Domínio de engenharia	Porcentagem do cliente	Contribuição anual da receita
Engenharia Ambiental	5%	US $ 210 milhões
Engenharia de processos	5%	US $ 210 milhões

IDEX Corporation (IEX) - Modelo de Negócios: Estrutura de Custo

Investimentos de pesquisa e desenvolvimento

Para o ano fiscal de 2022, a IDEX Corporation investiu US $ 48,3 milhões em despesas de pesquisa e desenvolvimento, representando 3,8% da receita total.

Ano fiscal	Investimento em P&D	Porcentagem de receita
2022	US $ 48,3 milhões	3.8%
2021	US $ 44,7 milhões	3.6%

Despesas de fabricação e produção

Os custos totais de fabricação da IDEX Corporation para 2022 foram de US $ 392,6 milhões, com a distribuição chave em vários segmentos:

Segmento de negócios	Despesas de fabricação
Fluido & Tecnologias de medição	US $ 167,4 milhões
Saúde & Tecnologias científicas	US $ 138,9 milhões
Fogo & Produtos de segurança/diversificados	US $ 86,3 milhões

Força de trabalho global e aquisição de talentos

Em 31 de dezembro de 2022, a IDEX Corporation empregava 8.100 trabalhadores globalmente, com despesas totais de pessoal de US $ 603,2 milhões.

• Compensação média dos funcionários: US $ 74.470 por ano
• Distribuição global da força de trabalho: 52% dos Estados Unidos, 48% internacionais
• Custos de recrutamento e treinamento: US $ 12,6 milhões em 2022

Manutenção de infraestrutura de tecnologia

Os custos de manutenção de tecnologia e infraestrutura para 2022 totalizaram US $ 67,5 milhões, incluindo:

• Atualizações de sistemas de TI: US $ 22,3 milhões
• Investimentos de segurança cibernética: US $ 15,7 milhões
• Computação em nuvem e infraestrutura digital: US $ 29,5 milhões

Custos operacionais de marketing e vendas

As despesas de marketing e vendas da IDEX Corporation em 2022 foram de US $ 156,4 milhões.

Categoria de despesa de marketing	Custo
Marketing digital	US $ 37,6 milhões
Feira de feira e marketing de eventos	US $ 28,9 milhões
Compensação da equipe de vendas	US $ 89,9 milhões

IDEX Corporation (IEX) - Modelo de negócios: fluxos de receita

Vendas de produtos em vários setores industriais

A IDEX Corporation registrou receita total de US $ 4,7 bilhões para o ano fiscal de 2022, com diversas vendas de produtos em vários setores industriais.

Setor industrial	Contribuição da receita
Fluido & Tecnologias de medição	US $ 1,6 bilhão
Saúde & Tecnologias científicas	US $ 1,2 bilhão
Fogo & Produtos de segurança/diversificados	US $ 1,9 bilhão

Peças de reposição e receita de serviço

A receita de peças e serviços de pós -venda representou aproximadamente 25% da receita total, representando US $ 1,175 bilhão em 2022.

Licenciamento de tecnologias proprietárias

A receita de licenciamento gerou o IDEX estimado em US $ 45 milhões em 2022 a partir de tecnologias proprietárias em vários segmentos.

Contratos de solução de engenharia personalizados

Os contratos de solução de engenharia personalizados contribuíram com aproximadamente US $ 310 milhões para a receita da empresa em 2022.

Vendas e distribuição de equipamentos globais

Repartição de vendas de equipamentos globais por região em 2022:

Região	Receita de vendas
América do Norte	US $ 2,1 bilhões
Europa	US $ 1,3 bilhão
Ásia -Pacífico	US $ 980 milhões
Resto do mundo	US $ 320 milhões

Os fluxos de receita da IDEX Corporation demonstram uma abordagem diversificada em vários setores industriais e mercados globais.

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.