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Held by 635 of 5,944 reporting institutions (98th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $221.89 today, the market must believe free cash flow compounds 12.8%/yr for a decade (off $616M normalized FCF).
The market's 12.8% is more optimistic than its 9-yr track record.
2-stage DCF · 0.08B shares · net debt $1.2B
mean 6.5% · volatility σ 10% · implied rate exceeded in 1/9 yrs
Central path = implied 12.8%/yr growth; shaded band = ±1σ (10%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 34% of free cash flow, leaving room to grow it and fund buybacks. Last year: $213M dividends + $248M buybacks = $460M returned on $617M FCF.
9 consecutive years of dividend increases · 9%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 8%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.46B 100.0% | $3.27B 100.0% | $3.27B 100.0% | $3.18B 100.0% | $2.76B 100.0% | $2.35B 100.0% | $2.49B 100.0% | $2.48B 100.0% | $2.29B 100.0% | $2.11B 100.0% |
| Cost of Revenue | $1.92B 55.5% | $1.82B 55.8% | $1.83B 55.8% | $1.75B 55.2% | $1.54B 55.7% | $1.32B 56.3% | $1.37B 54.9% | $1.37B 55.0% | $1.26B 55.1% | $1.18B 56.0% |
| Gross Profit | $1.54B 44.5% | $1.45B 44.2% | $1.45B 44.2% | $1.43B 44.8% | $1.22B 44.3% | $1.03B 43.7% | $1.13B 45.1% | $1.12B 45.0% | $1.03B 44.9% | $930.8M 44.0% |
| Research & Development | $70.0M 2.0% | $67.4M 2.1% | $68.4M 2.1% | $61.4M 1.9% | $50.1M 1.8% | $48.2M 2.0% | $56.4M 2.3% | $48.0M 1.9% | $42.4M 1.9% | $39.4M 1.9% |
| Selling, General & Admin | $818.8M 23.7% | $758.7M 23.2% | $703.5M 21.5% | $652.7M 20.5% | $578.2M 20.9% | $494.9M 21.0% | $525.0M 21.0% | $536.7M 21.6% | $524.9M 23.0% | $492.4M 23.3% |
| Operating Income | $699.3M 20.2% | $677.2M 20.7% | $732.5M 22.4% | $751.4M 23.6% | $637.0M 23.0% | $520.7M 22.1% | $579.0M 23.2% | $569.1M 22.9% | $502.6M 22.0% | $412.4M 19.5% |
| Interest Expense | — | — | $51.7M 1.6% | $40.7M 1.3% | $41.0M 1.5% | $44.8M 1.9% | $44.3M 1.8% | $44.1M 1.8% | $44.9M 2.0% | $45.6M 2.2% |
| Other Income (Expense), net | -$2.3M -0.1% | $2.6M 0.1% | -$5.2M -0.2% | $3.9M 0.1% | -$16.2M -0.6% | -$5.6M -0.2% | -$1.8M -0.1% | $4.0M 0.2% | -$2.4M -0.1% | $1.7M 0.1% |
| Pretax Income | $632.6M 18.3% | $639.3M 19.6% | $760.3M 23.2% | $749.4M 23.6% | $579.8M 21.0% | $470.3M 20.0% | $532.9M 21.4% | $528.9M 21.3% | $455.3M 19.9% | $368.5M 17.4% |
| Income Tax Expense | $150.1M 4.3% | $134.7M 4.1% | $164.7M 5.0% | $162.7M 5.1% | $130.5M 4.7% | $92.5M 3.9% | $107.4M 4.3% | $118.4M 4.8% | $118.0M 5.2% | $97.4M 4.6% |
| Net Income | $483.2M 14.0% | $505.0M 15.4% | $596.1M 18.2% | $586.9M 18.4% | $449.4M 16.3% | $377.8M 16.1% | $425.5M 17.1% | $410.6M 16.5% | $337.3M 14.7% | $271.1M 12.8% |
| Per Share | ||||||||||
| EPS (Basic) | $6.41 | $6.66 | $7.87 | $7.74 | $5.91 | $4.98 | $5.62 | $5.36 | $4.41 | $3.57 |
| EPS (Diluted) | $6.41 | $6.64 | $7.85 | $7.71 | $5.88 | $4.94 | $5.56 | $5.29 | $4.36 | $3.53 |
| Weighted Avg Shares (Basic) | 75.3M | 75.7M | 75.6M | 75.7M | 76.0M | 75.7M | 75.6M | 76.4M | 76.2M | 75.8M |
| Weighted Avg Shares (Diluted) | 75.3M | 75.9M | 75.9M | 76.0M | 76.4M | 76.4M | 76.5M | 77.6M | 77.3M | 76.8M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $580M covers the $700000 due within a year 828.6× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~3.9% on $1.3B of debt. Interest last disclosed in FY2023 (no longer broken out).
Cash of $580M fully covers short-term debt of $700000.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $29.49T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $371.6B | 42.5× | 29.7× | 5.5× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.8B | 38.5× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $264.2B | 39.7× | 18.8× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $199.4B | 79.4× | 40.2× | 2.2× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $185.4B | 37.1× | — | 4.1× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $177.4B | 47.9× | 31.6× | 5.5× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $166.7B | 23.4× | 16.0× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $158.8B | 39.2× | — | 5.8× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.2B | 28.1× | 16.1× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.2B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $118.7B | 34.1× | 26.8× | 6.0× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.3B | 24.9× | — | 4.9× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $96.2B | 23.0× | 16.9× | 1.8× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.0B | 32.5× | 23.2× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| PWR | $92.2B | 90.7× | 45.8× | 3.2× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| JCI | $91.9B | 28.0× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| VRT | $91.6B | 70.2× | 43.4× | 8.9× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| HWM | $90.7B | 60.9× | 39.9× | 11.0× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $87.3B | 27.4× | 16.8× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.2B | 31.9× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $83.9B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $83.0B | 36.5× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $79.8B | 45.0× | 28.7× | 7.7× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| IEX | $16.7B | 34.6× | 23.2× | 4.8× | 5.8% | 44.5% | 14.0% | 12.0% | 8.3% | 2.3× | 635 |
Peers = companies sharing IEX's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
No material risks flagged.
Where each multiple sits in its own 14-yr range · 74th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 55.0 | 54.9 | 56.3 | 55.7 | 55.2 | 55.8 | 55.8 | 55.5 |
| Gross Profit | 45.0 | 45.1 | 43.7 | 44.3 | 44.8 | 44.2 | 44.2 | 44.5 |
| R&D | 1.9 | 2.3 | 2.0 | 1.8 | 1.9 | 2.1 | 2.1 | 2.0 |
| SG&A | 21.6 | 21.0 | 21.0 | 20.9 | 20.5 | 21.5 | 23.2 | 23.7 |
| Operating Income | 22.9 | 23.2 | 22.1 | 23.0 | 23.6 | 22.4 | 20.7 | 20.2 |
| Income Tax | 4.8 | 4.3 | 3.9 | 4.7 | 5.1 | 5.0 | 4.1 | 4.3 |
| Net Income | 16.5 | 17.1 | 16.1 | 16.3 | 18.4 | 18.2 | 15.4 | 14.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on IEX: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.