IDEX Corporation — Earnings Quality Grade F
IEX · Industrials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 50 days, change +1 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 5.8%, CFFO 1.8%. Cash follows revenue
Expense Quality
Inventory 11.6% vs COGS 5.2%. Normal
CapEx growth -2.3% vs revenue 5.8%. Normal
SG&A/Gross Profit = 53.2%. Normal
Gross margin 44.5%, change +0.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.41. Profits backed by cash
FCF $0.6B, FCF/NI = 1.28
Accruals ratio = -2.8%. Low accruals
Cash $0.6B covers only 31% of debt $1.8B
Balance Sheet Health
Goodwill+Intangibles $4.7B = 116% of equity. Over 50%
Debt/EBITDA = 2.0x. Healthy
Other assets -1.2% vs revenue 5.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 3% YoY. Normal
Manipulation Score
M-Score = -2.54 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09