IDEX Corp (NYSE: IEX) is an industrial manufacturer that produces pumps, flow meters, and related fluidics equipment sold into a range of industrial end markets. Revenue is generated through transactional product sales across its business segments, serving customers in markets that include industrial, chemical, water, fire, rescue, and life sciences applications. The filing references organic growth alongside acquisition-driven expansion as core elements of the business model, with the company operating in multiple countries. The 10-K filed 2026-02-19 notes exposure to levels of industrial activity and capital spending cycles as key demand drivers, and flags tariffs and global trade policy as material risk factors, indicating meaningful international operations. AI-driven markets served by the company's customers are cited as an emerging demand variable.

Revenue model

Transactional product sales of pumps, flow meters, and fluidics equipment, supplemented by acquisition-driven inorganic growth. The filing does not provide segment revenue figures or percentage breakdowns in the excerpts provided.

Products and services

Pumps, flow meters, and fluidics-related equipment. The filing references plant and equipment capacity and production planning, consistent with a manufactured-goods model. Specific brand or product line names are not disclosed in the provided excerpts.

Customers and end markets

Industrial, chemical, water, fire and rescue, and life sciences end markets, based on risk factor references. The filing cites AI-driven markets served by the company's customers as a growth variable. No customer concentration data or named customers are provided in the excerpts.

Value-chain role

Manufacturer and seller of flow control and fluidics equipment, operating upstream of end-use industrial and specialty applications.

Geographic exposure

Operations in the United States and multiple international countries. The filing flags the U.S. Dollar relationship to other currencies and political and economic conditions in countries of operation as material risks, indicating a multinational footprint. Specific revenue by geography is not provided in the excerpts.

Source: SEC 10-K, filed 2026-02-19

Industry: Pumps & Pumping Equipment Peers: Dover Corp Fortive Corp Ingersoll Rand Inc Graco Inc Illinois Tool Works Inc Xylem Inc Nordson Corp Otis Worldwide Corp Snap-On Inc Stanley Black & Decker Inc