Donaldson Co vs IDEX
Donaldson Co and IDEX are similar in size: $3.89bn and $3.46bn of revenue in their latest fiscal years. IDEX grew faster (5.8% against 5.3%). IDEX kept more of each dollar of sales as profit: a net margin of 14.0% against 11.7%. IDEX carries less debt relative to equity (45.4% against 75.3%).
| Latest fiscal year | Donaldson CoDCI, 2026 | IDEXIEX, 2025 |
|---|---|---|
| Revenue | $3.89bn | $3.46bn |
| Revenue growth | 5.3% | 5.8% |
| Net income | $454m | $483m |
| Operating margin | 15.4% | 20.2% |
| Net margin | 11.7% | 14.0% |
| Return on equity | 28.2% | 12.4% |
| Free cash flow | $426m | $617m |
| Cash | $250m | $580m |
| Total debt | $1.33bn | $1.83bn |
| Debt to equity | 75.3% | 45.4% |
| Dividend per share | $1.24 | $2.84 |
| Dividend yield | 1.4% | 1.2% |
| Share buybacks | $111m | $248m |
| Employees | — | 8,700 |
| Market value | $10.17bn | $17.58bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 80 (Strong) | 83 (Strong) |
| Insider trades, 12 months | 0 buys, 11 sales | 1 buys, 3 sales |