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IDEX Corporation (IEX) is an Illinois-based industrial company specializing in the design and manufacture of highly engineered products and systems. Valued at a market cap of $13.6 billion, IDEX operates through a decentralized structure comprising over 50 businesses across more than 20 countries.
IDEX has notably underperformed the broader market as it has plunged 16.7% over the past 52 weeks and 14.2% in 2025. In contrast, the S&P 500 Index ($SPX) has returned 10.2% over the past year and has dropped 1.3% on a YTD basis.