IDEX Corporation (IEX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 505,000 | 596,100 | 586,900 | 449,400 | 377,800 |
| Revenue | US$ in thousands | 3,268,800 | 3,273,900 | 3,181,900 | 2,764,800 | 2,351,650 |
| Net profit margin | 15.45% | 18.21% | 18.44% | 16.25% | 16.07% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $505,000K ÷ $3,268,800K
= 15.45%
Based on the provided data, the net profit margin of IDEX Corporation has shown some fluctuation over the years. The net profit margin was 16.07% as of December 31, 2020, and increased slightly to 16.25% by the end of 2021. In 2022, there was a more significant improvement, with the net profit margin rising to 18.44%. However, in 2023, the margin slightly decreased to 18.21%. By the end of 2024, the net profit margin decreased to 15.45%.
Overall, it is evident that IDEX Corporation has maintained a relatively healthy net profit margin during the analyzed period, with some fluctuations from year to year. It is important for the company to closely monitor and manage its expenses, revenues, and overall profitability to sustain and improve its net profit margin in the long term.
Peer comparison
Dec 31, 2024