IDEX Corporation stock research
FY2025 Q2
IDEX (IEX) Gross Margin — Quarter Ended Jun 30, 2025
Revenue increased compared with both the prior quarter and the same quarter a year ago, and gross profit rose in step, leaving gross margin essentially unchanged from the prior quarter and marginally lower than the year-ago level. Cost of revenue grew proportionally with revenue, so the relationship among the three metrics remained stable.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue increased compared with both the prior quarter and the same quarter a year ago, and gross profit rose in step, leaving gross margin essentially unchanged from the prior quarter and marginally lower than the year-ago level. Cost of revenue grew proportionally with revenue, so the relationship among the three metrics remained stable.
- Revenue growth was the most observable margin driver, as gross margin held steady while both revenue and gross profit increased. The consistent gross margin indicates that cost of revenue moved in line with revenue.
- Compared with the prior quarter, revenue and gross profit were higher while gross margin was unchanged. Compared with the same quarter a year ago, revenue and gross profit were higher while gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
45.3%
Gross profit
$392.2M
Revenue
$865.4M
Cost of revenue
$473.2M
Quarter-over-quarter change
+0.0 pts
Year-over-year change
-0.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $798.2M | $353.9M | $444.3M | 44.3% |
| Dec 31, 2024 | $862.9M | $367.1M | $495.8M | 42.5% |
| Mar 31, 2025 | $814.3M | $368.9M | $445.4M | 45.3% |
| Jun 30, 2025 | $865.4M | $392.2M | $473.2M | 45.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+0.0 pts
Year-over-year change
Jun 30, 2024
-0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Revenue growth was the most observable margin driver, as gross margin held steady while both revenue and gross profit increased. The consistent gross margin indicates that cost of revenue moved in line with revenue.
Compared with the prior quarter, revenue and gross profit were higher while gross margin was unchanged. Compared with the same quarter a year ago, revenue and gross profit were higher while gross margin was slightly lower.
Monitor the trend in cost of revenue relative to revenue, as any divergence could affect gross margin stability.