Industrial - Machinery
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NDSN vs IEX
Revenue, margins, valuation, and 5-year total return — side by side.
Industrial - Machinery
NDSN vs IEX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Industrial - Machinery | Industrial - Machinery |
| Market Cap | $15.98B | $16.22B |
| Revenue (TTM) | $2.85B | $3.53B |
| Net Income (TTM) | $523M | $508M |
| Gross Margin | 55.2% | 44.4% |
| Operating Margin | 25.9% | 20.8% |
| Forward P/E | 25.1x | 25.9x |
| Total Debt | $2.09B | $1.82B |
| Cash & Equiv. | $108M | $580M |
NDSN vs IEX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Nordson Corporation (NDSN) | 100 | 152.3 | +52.3% |
| IDEX Corporation (IEX) | 100 | 136.9 | +36.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NDSN vs IEX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NDSN carries the broadest edge in this set and is the clearest fit for long-term compounding and valuation efficiency.
- 302.8% 10Y total return vs IEX's 190.9%
- PEG 1.70 vs IEX's 4.85
- Lower P/E (25.1x vs 25.9x), PEG 1.70 vs 4.85
IEX is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 23 yrs, beta 0.95, yield 1.3%
- Rev growth 5.8%, EPS growth -3.5%, 3Y rev CAGR 2.8%
- Lower volatility, beta 0.95, Low D/E 45.2%, current ratio 2.86x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 5.8% revenue growth vs NDSN's 3.8% | |
| Value | Lower P/E (25.1x vs 25.9x), PEG 1.70 vs 4.85 | |
| Quality / Margins | 18.4% margin vs IEX's 14.4% | |
| Stability / Safety | Beta 0.95 vs NDSN's 1.05, lower leverage | |
| Dividends | 1.1% yield, 37-year raise streak, vs IEX's 1.3% | |
| Momentum (1Y) | +54.0% vs IEX's +23.1% | |
| Efficiency (ROA) | 10.2% ROA vs IEX's 7.3%, ROIC 10.5% vs 10.4% |
NDSN vs IEX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NDSN vs IEX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NDSN leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
IEX and NDSN operate at a comparable scale, with $3.5B and $2.8B in trailing revenue. Profitability is closely matched — net margins range from 18.4% (NDSN) to 14.4% (IEX).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.8B | $3.5B |
| EBITDAEarnings before interest/tax | $851M | $945M |
| Net IncomeAfter-tax profit | $523M | $508M |
| Free Cash FlowCash after capex | $646M | $611M |
| Gross MarginGross profit ÷ Revenue | +55.2% | +44.4% |
| Operating MarginEBIT ÷ Revenue | +25.9% | +20.8% |
| Net MarginNet income ÷ Revenue | +18.4% | +14.4% |
| FCF MarginFCF ÷ Revenue | +22.7% | +17.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.8% | +8.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +44.2% | +27.8% |
Valuation Metrics
NDSN leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 33.7x trailing earnings, NDSN trades at a 1% valuation discount to IEX's 34.0x P/E. Adjusting for growth (PEG ratio), NDSN offers better value at 2.28x vs IEX's 6.36x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $16.0B | $16.2B |
| Enterprise ValueMkt cap + debt − cash | $18.0B | $17.5B |
| Trailing P/EPrice ÷ TTM EPS | 33.72x | 34.04x |
| Forward P/EPrice ÷ next-FY EPS est. | 25.10x | 25.92x |
| PEG RatioP/E ÷ EPS growth rate | 2.28x | 6.36x |
| EV / EBITDAEnterprise value multiple | 20.84x | 18.85x |
| Price / SalesMarket cap ÷ Revenue | 5.73x | 4.69x |
| Price / BookPrice ÷ Book value/share | 5.37x | 4.08x |
| Price / FCFMarket cap ÷ FCF | 24.18x | 26.30x |
Profitability & Efficiency
IEX leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
NDSN delivers a 16.8% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $13 for IEX. IEX carries lower financial leverage with a 0.45x debt-to-equity ratio, signaling a more conservative balance sheet compared to NDSN's 0.69x. On the Piotroski fundamental quality scale (0–9), IEX scores 7/9 vs NDSN's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +16.8% | +12.6% |
| ROA (TTM)Return on assets | +10.2% | +7.3% |
| ROICReturn on invested capital | +10.5% | +10.4% |
| ROCEReturn on capital employed | +13.4% | +11.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.69x | 0.45x |
| Net DebtTotal debt minus cash | $2.0B | $1.2B |
| Cash & Equiv.Liquid assets | $108M | $580M |
| Total DebtShort + long-term debt | $2.1B | $1.8B |
| Interest CoverageEBIT ÷ Interest expense | 7.44x | 11.33x |
Total Returns (Dividends Reinvested)
NDSN leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NDSN five years ago would be worth $14,396 today (with dividends reinvested), compared to $10,202 for IEX. Over the past 12 months, NDSN leads with a +54.0% total return vs IEX's +23.1%. The 3-year compound annual growth rate (CAGR) favors NDSN at 10.7% vs IEX's 2.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +19.4% | +22.2% |
| 1-Year ReturnPast 12 months | +54.0% | +23.1% |
| 3-Year ReturnCumulative with dividends | +35.8% | +7.5% |
| 5-Year ReturnCumulative with dividends | +44.0% | +2.0% |
| 10-Year ReturnCumulative with dividends | +302.8% | +190.9% |
| CAGR (3Y)Annualised 3-year return | +10.7% | +2.4% |
Risk & Volatility
IEX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
IEX is the less volatile stock with a 0.95 beta — it tends to amplify market swings less than NDSN's 1.05 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IEX currently trades 97.5% from its 52-week high vs NDSN's 94.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.05x | 0.95x |
| 52-Week HighHighest price in past year | $305.28 | $223.84 |
| 52-Week LowLowest price in past year | $187.89 | $157.25 |
| % of 52W HighCurrent price vs 52-week peak | +94.0% | +97.5% |
| RSI (14)Momentum oscillator 0–100 | 54.9 | 65.3 |
| Avg Volume (50D)Average daily shares traded | 306K | 711K |
Analyst Outlook
Evenly matched — NDSN and IEX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates NDSN as "Buy" and IEX as "Hold". Consensus price targets imply 11.0% upside for IEX (target: $242) vs 8.6% for NDSN (target: $312). For income investors, IEX offers the higher dividend yield at 1.29% vs NDSN's 1.10%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $311.50 | $242.14 |
| # AnalystsCovering analysts | 20 | 29 |
| Dividend YieldAnnual dividend ÷ price | +1.1% | +1.3% |
| Dividend StreakConsecutive years of raises | 37 | 23 |
| Dividend / ShareAnnual DPS | $3.15 | $2.82 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.9% | +1.5% |
NDSN leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). IEX leads in 2 (Profitability & Efficiency, Risk & Volatility). 1 tied.
NDSN vs IEX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NDSN or IEX a better buy right now?
For growth investors, IDEX Corporation (IEX) is the stronger pick with 5.
8% revenue growth year-over-year, versus 3. 8% for Nordson Corporation (NDSN). Nordson Corporation (NDSN) offers the better valuation at 33. 7x trailing P/E (25. 1x forward), making it the more compelling value choice. Analysts rate Nordson Corporation (NDSN) a "Buy" — based on 20 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NDSN or IEX?
On trailing P/E, Nordson Corporation (NDSN) is the cheapest at 33.
7x versus IDEX Corporation at 34. 0x. On forward P/E, Nordson Corporation is actually cheaper at 25. 1x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Nordson Corporation wins at 1. 70x versus IDEX Corporation's 4. 85x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — NDSN or IEX?
Over the past 5 years, Nordson Corporation (NDSN) delivered a total return of +44.
0%, compared to +2. 0% for IDEX Corporation (IEX). Over 10 years, the gap is even starker: NDSN returned +302. 8% versus IEX's +190. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NDSN or IEX?
By beta (market sensitivity over 5 years), IDEX Corporation (IEX) is the lower-risk stock at 0.
95β versus Nordson Corporation's 1. 05β — meaning NDSN is approximately 10% more volatile than IEX relative to the S&P 500. On balance sheet safety, IDEX Corporation (IEX) carries a lower debt/equity ratio of 45% versus 69% for Nordson Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — NDSN or IEX?
By revenue growth (latest reported year), IDEX Corporation (IEX) is pulling ahead at 5.
8% versus 3. 8% for Nordson Corporation (NDSN). On earnings-per-share growth, the picture is similar: Nordson Corporation grew EPS 4. 9% year-over-year, compared to -3. 5% for IDEX Corporation. Over a 3-year CAGR, IEX leads at 2. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NDSN or IEX?
Nordson Corporation (NDSN) is the more profitable company, earning 17.
4% net margin versus 14. 0% for IDEX Corporation — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NDSN leads at 25. 5% versus 20. 8% for IEX. At the gross margin level — before operating expenses — NDSN leads at 55. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NDSN or IEX more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Nordson Corporation (NDSN) is the more undervalued stock at a PEG of 1. 70x versus IDEX Corporation's 4. 85x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Nordson Corporation (NDSN) trades at 25. 1x forward P/E versus 25. 9x for IDEX Corporation — 0. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for IEX: 11. 0% to $242. 14.
08Which pays a better dividend — NDSN or IEX?
All stocks in this comparison pay dividends.
IDEX Corporation (IEX) offers the highest yield at 1. 3%, versus 1. 1% for Nordson Corporation (NDSN).
09Is NDSN or IEX better for a retirement portfolio?
For long-horizon retirement investors, IDEX Corporation (IEX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
95), 1. 3% yield, +190. 9% 10Y return). Both have compounded well over 10 years (IEX: +190. 9%, NDSN: +302. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NDSN and IEX?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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