IDEX Corporation (IEX)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 596,100 | 617,500 | 587,100 | 586,700 | 586,900 | 575,700 | 512,700 | 476,700 | 449,400 | 431,668 | 419,816 | 388,480 | 377,778 | 373,560 | 374,906 | 417,251 | 425,521 | 426,808 | 427,966 | 421,883 |
| Revenue (ttm) | US$ in thousands | 3,273,900 | 3,295,700 | 3,326,300 | 3,276,200 | 3,181,900 | 3,086,000 | 2,974,000 | 2,863,900 | 2,764,800 | 2,664,822 | 2,533,935 | 2,409,184 | 2,351,646 | 2,342,821 | 2,385,954 | 2,466,804 | 2,494,573 | 2,502,670 | 2,501,312 | 2,493,573 |
| Net profit margin | 18.21% | 18.74% | 17.65% | 17.91% | 18.44% | 18.66% | 17.24% | 16.65% | 16.25% | 16.20% | 16.57% | 16.12% | 16.06% | 15.94% | 15.71% | 16.91% | 17.06% | 17.05% | 17.11% | 16.92% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $596,100K ÷ $3,273,900K
= 18.21%
The net profit margin of Idex Corporation has shown relatively stable performance over the past eight quarters. The trend indicates that the company has been able to maintain healthy profitability levels, with the margins ranging between 16.65% and 18.74%. Although there have been slight fluctuations from quarter to quarter, the overall range suggests that Idex Corporation has been effectively managing its expenses and generating solid profits relative to its revenue. This consistent performance reflects the company's ability to control costs and optimize its operations to achieve sustainable profitability levels.
Peer comparison
Dec 31, 2023