IDEX Corporation (IEX)

Return on equity (ROE)

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
Total stockholders’ equity US$ in thousands 3,794,700 3,541,400 3,039,300 2,803,100 2,540,200
ROE 13.31% 16.83% 19.31% 16.03% 14.87%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $505,000K ÷ $3,794,700K
= 13.31%

Over the past five years, IDEX Corporation's return on equity (ROE) has shown fluctuations. Starting at 14.87% on December 31, 2020, the ROE increased to 16.03% by December 31, 2021. Subsequently, there was a significant rise to 19.31% by December 31, 2022, indicating improved efficiency in generating profits from shareholders' equity.

However, in the following year, the ROE declined to 16.83% by December 31, 2023, possibly due to changes in the company's financial structure or profitability. Finally, by December 31, 2024, the ROE decreased further to 13.31%, suggesting a potential decrease in profitability relative to the shareholders' equity utilized.

Overall, the trend in IDEX Corporation's ROE reflects fluctuations, with a notable peak in 2022 followed by a decline in subsequent years. Further analysis into the company's financial performance and operational efficiency would be beneficial to understand the factors driving these variations in ROE.