---
title: "IDEX Corporation: Business Model"
description: "IDEX Corporation revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/idex-corporation/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# IDEX Corporation: Business Model & Revenue Engine

## Direct Answer

IDEX Corporation reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Health and Science Technologies is the largest, with $1.5 billion of revenue (43% of the total), followed by Fluid and Metering Technologies at $1.2 billion (35%).

## How Does IDEX Corporation Make Money?

No single line supplies a majority of revenue: the largest, Health and Science Technologies, is 43%, which spreads IDEX Corporation's exposure across several demand drivers. Between fiscal 2024 and 2025, Health and Science Technologies grew fastest (+14.8%) and Fluid and Metering Technologies slowest (-0.8%), so the revenue mix tilts toward Health and Science Technologies while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Health and Science Technologies | $1.5 billion | $1.3 billion | 43.1% | 14.8% |
| Fluid and Metering Technologies | $1.2 billion | $1.2 billion | 35.4% | -0.8% |
| Fire and Safety Diversified Products | $745 million | $744 million | 21.6% | 0.1% |

![Bar chart of IDEX Corporation revenue by segment for fiscal 2025: Health and Science Technologies 43.1%, Fluid and Metering Technologies 35.4%, Fire and Safety Diversified Products 21.6%.](https://www.getswoopr.com/images/charts/idex-corporation-business-model-segment-mix.webp)
*IDEX Corporation revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What the Segment Figures Do Not Show

The rows above add up to 100% of IDEX Corporation's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value IDEX Corporation reported in the segment note and revenue disclosures of its Form 10-K filed February 19, 2026 (accession 0000832101-26-000003), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are IDEX Corporation's business segments?

In its fiscal 2025 Form 10-K, IDEX Corporation reports revenue for Health and Science Technologies, Fluid and Metering Technologies and Fire and Safety Diversified Products.

### Which part of IDEX Corporation brings in the most revenue?

Health and Science Technologies, with $1.5 billion of revenue in fiscal 2025, or 43% of the total.

### Where does IDEX Corporation report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed February 19, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: IDEX CORP /DE/ Form 10-K filed February 19, 2026](https://www.sec.gov/Archives/edgar/data/832101/000083210126000003/iex-20251231.htm)
- [SEC EDGAR: IDEX CORP /DE/ annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=832101&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [IDEX Corporation company dossier](https://www.getswoopr.com/stocks/companies/idex-corporation/)
- [IDEX Corporation financial metrics](https://www.getswoopr.com/stocks/companies/idex-corporation/metrics/)
- [IDEX Corporation financial risk indicators](https://www.getswoopr.com/stocks/companies/idex-corporation/risks/)
- [IDEX Corporation peer comparison](https://www.getswoopr.com/stocks/companies/idex-corporation/competitors/)
- [IDEX Corporation business model and revenue mix](https://www.getswoopr.com/stocks/companies/idex-corporation/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

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