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IDEX (NYSE:IEX) Gross Margin %

: 46.33% (As of Sep. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. IDEX's Gross Profit for the three months ended in Sep. 2022 was $382 Mil. IDEX's Revenue for the three months ended in Sep. 2022 was $824 Mil. Therefore, IDEX's Gross Margin % for the quarter that ended in Sep. 2022 was 46.33%.


The historical rank and industry rank for IDEX's Gross Margin % or its related term are showing as below:

IEX' s Gross Margin % Range Over the Past 10 Years
Min: 41.13   Med: 44.25   Max: 45.22
Current: 45.22


During the past 13 years, the highest Gross Margin % of IDEX was 45.22%. The lowest was 41.13%. And the median was 44.25%.

IEX's Gross Margin % is ranked better than
87.85% of 2724 companies
in the Industrial Products industry
Industry Median: 25.77 vs IEX: 45.22

IDEX had a gross margin of 46.33% for the quarter that ended in Sep. 2022 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for IDEX was -0.20% per year.


IDEX (NYSE:IEX) Gross Margin % Historical Data

The historical data trend for IDEX's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IDEX Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.89 45.01 45.10 43.69 44.29

IDEX Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.76 43.96 45.60 44.83 46.33

IDEX (NYSE:IEX) Gross Margin % Competitive Comparison

For the Specialty Industrial Machinery subindustry, IDEX's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

IDEX (NYSE:IEX) Gross Margin % Distribution

For the Industrial Products industry and Industrials sector, IDEX's Gross Margin % distribution charts can be found below:

* The bar in red indicates where IDEX's Gross Margin % falls into.



IDEX Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

IDEX's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=1224.5 / 2764.8
=(Revenue - Cost of Goods Sold) / Revenue
=(2764.8 - 1540.3) / 2764.8
=44.29 %

IDEX's Gross Margin for the quarter that ended in Sep. 2022 is calculated as


Gross Margin % (Q: Sep. 2022 )=Gross Profit (Q: Sep. 2022 ) / Revenue (Q: Sep. 2022 )
=381.8 / 824
=(Revenue - Cost of Goods Sold) / Revenue
=(824 - 442.2) / 824
=46.33 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


IDEX  (NYSE:IEX) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

IDEX had a gross margin of 46.33% for the quarter that ended in Sep. 2022 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


IDEX Gross Margin % Related Terms

Thank you for viewing the detailed overview of IDEX's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


IDEX (NYSE:IEX) Business Description

IDEX logo
Traded in Other Exchanges
Address
3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire & safety, life science, and water. The firm's business is organized into three segments: fluid & metering technologies, health & science technologies, and fire & safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $2.8 billion in revenue and $661 million in adjusted operating income in 2021.
Executives
Watts Stanfield Paris director 3100 SANDERS ROAD SUITE 301 NORTHBROOK IL 60062
Gunter Lakecia N director 3100 SANDER ROAD SUITE 301 NORTHBROOK IL 60062
Satterthwaite Livingston director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Parry David C director 155 HARLEM AVE. GLENVIEW IL 60025
Beck Mark A director 2200 PENNSYLVANIA AVENUE, NW SUITE 800W WASHINGTON DC 20037
Christenson Carl R director C/O ALTRA INDUSTRIAL MOTION INC. 300 GRANITE STREET BRAINTREE MA 02184
Helmkamp Katrina L director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Cook William M director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Buthman Mark A director P O BOX 619100 DALLAS TX 752619100
Unnikrishnan Roopa officer: SVP, Strategy&Corp Development 3100 SANDERS ROAD SUITE 301 NORTHBROOK IL 60062
Anderson Lisa M officer: SVP, General Counsel &Corp Sec 3100 SANDERS ROAD SUITE 301 NORTHBROOK IL 60062
Lausas Allison S officer: VP, Chief Accounting Officer C/O SUNCOKE ENERGY, INC. 1011 WARRENVILLE ROAD, SUITE 600 LISLE IL 60532
Flores Melissa S officer: SVP-Chief HR Officer 3100 SANDER ROAD SUITE 301 NORTHBROOK IL 60062
Warner Cynthia J director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Mrozek Ernest J director SERVICE MASTER 2300 WARRENVILLE ROAD DOWNERS GROVE IL 60515

IDEX (NYSE:IEX) Headlines

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