IDEX vs ITT
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KIRA’s take AI analyst
I put IDEX and ITT side by side, using each one’s latest annual report. Here is what stands out:
- ITT is the larger business, with $3.9B of revenue in fiscal 2025 against $3.5B for IDEX.
- ITT grew revenue faster (8.5%, against 5.8%).
- IDEX kept more of each dollar of sales as operating profit (20.2% operating margin, against 17.4%).
- IDEX turned more of its sales into free cash flow (17.8% FCF margin, against 13.9%).
- ITT earned a higher return on the capital invested in it (16.8%, against 10.2%).
- Investors pay more for each dollar of ITT’s earnings: a P/E of 37.2x against 33.0x for IDEX.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
IDEX
IEX
4/11
Gross marginOperating marginNet marginFCF margin
ITT
ITT
6/11
Revenue growth5-year growthReturn on capitalReturn on equityNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | IEX FY25 | ITT FY25 |
|---|---|---|
| Size | ||
| Market cap | $17.0B | $17.1B |
| Revenue | $3.5B | $3.9B |
| Free cash flow | $617M | $548M |
| Net income | $483M | $488M |
| Growth | ||
| Revenue growth | 5.8% | 8.5% |
| 5-year growth | 8.0% | 9.7% |
| Share count change | −0.8% | −2.9% |
| Profitability | ||
| Gross margin | 44.5% | 35.4% |
| Operating margin | 20.2% | 17.4% |
| Net margin | 14.0% | 12.4% |
| FCF margin | 17.8% | 13.9% |
| Return on capital | 10.2% | 16.8% |
| Return on equity | 12.4% | 14.2% |
| Balance sheet | ||
| Net debt | $1.2B | −$957M |
| Net debt / EBITDA | 1.4x | −1.2x |
| Dividends and buybacks | $460M | $632M |
| Valuation & quality | ||
| P/E | 33.0x | 37.2x |
| Piotroski F-score | 7 | 7 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.