IDEX Corporation stock research
FY2026 Q1
IDEX (IEX) Gross Margin — Quarter Ended Mar 31, 2026
Revenue decreased slightly from the prior quarter but increased compared to the same quarter last year. Gross profit rose both sequentially and year-over-year, while gross margin improved from the prior quarter but weakened slightly compared to the prior year, reflecting differences in the relative movements of cost of revenue and revenue.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue decreased slightly from the prior quarter but increased compared to the same quarter last year. Gross profit rose both sequentially and year-over-year, while gross margin improved from the prior quarter but weakened slightly compared to the prior year, reflecting differences in the relative movements of cost of revenue and revenue.
- The strongest observable margin driver was the decline in cost of revenue from the previous quarter, which enabled gross profit to increase even as revenue fell slightly, resulting in an improved gross margin.
- Sequentially, gross margin improved from the prior quarter, as cost of revenue decreased more than revenue. Year-over-year, gross margin weakened, as cost of revenue grew at a faster pace than revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
44.9%
Gross profit
$398.1M
Revenue
$886.9M
Cost of revenue
$488.8M
Quarter-over-quarter change
+1.8 pts
Year-over-year change
-0.4 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 |
|---|---|---|---|---|
| Jun 30, 2025 | $865.4M | $392.2M | $473.2M | 45.3% |
| Sep 30, 2025 | $878.7M | $390.6M | $488.1M | 44.5% |
| Dec 31, 2025 | $899.1M | $387.1M | $512.0M | 43.1% |
| Mar 31, 2026 | $886.9M | $398.1M | $488.8M | 44.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+1.8 pts
Year-over-year change
Mar 31, 2025
-0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver was the decline in cost of revenue from the previous quarter, which enabled gross profit to increase even as revenue fell slightly, resulting in an improved gross margin.
Sequentially, gross margin improved from the prior quarter, as cost of revenue decreased more than revenue. Year-over-year, gross margin weakened, as cost of revenue grew at a faster pace than revenue.
Monitor the company's cost of revenue trends, given the forward-looking statements in the filing about anticipated impacts of tariffs and global trade policies.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| IDEX Corporation (IEX) | 44.9% |