IDEX Corporation (IEX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 732,500 | 747,000 | 769,600 | 756,100 | 751,400 | 738,400 | 697,400 | 669,100 | 637,000 | 613,965 | 583,978 | 536,272 | 520,713 | 515,921 | 526,473 | 571,162 | 579,003 | 584,271 | 587,639 | 580,187 |
| 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 |
| Operating profit margin | 22.37% | 22.67% | 23.14% | 23.08% | 23.61% | 23.93% | 23.45% | 23.36% | 23.04% | 23.04% | 23.05% | 22.26% | 22.14% | 22.02% | 22.07% | 23.15% | 23.21% | 23.35% | 23.49% | 23.27% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $732,500K ÷ $3,273,900K
= 22.37%
Idex Corporation's operating profit margin has shown consistent performance over the past quarters, ranging from 22.71% to 24.64%. Despite minor fluctuations, the margins have generally remained within a narrow band, reflecting stable operational efficiency and profitability. The highest margin was recorded in Q3 2022 at 24.64%, while the lowest was in Q4 2023 at 22.71%. This indicates the company's ability to effectively control costs and generate profit from its core business operations. Overall, Idex Corporation has maintained a healthy operating profit margin, which is a positive indicator of its financial performance and management effectiveness.
Peer comparison
Dec 31, 2023