Yield Theory

Industrials stock comparison

GGG vs IEX: which business are you actually underwriting?

Compare Graco Inc. with IDEX Corporation using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
Sector
Industrials
Industry
Same SIC
Shared themes
0
Updated
2026-02-19

GGG vs IEX: quick comparison

Company factGGGIEX
CompanyGraco Inc.IDEX Corporation
ExchangeNYSENYSE
SEC industryPumps & Pumping EquipmentPumps & Pumping Equipment
Fiscal year-endDecember 26December 31
Latest annual filing10-K · 2026-02-1710-K · 2026-02-19

GGG vs IEX: audited financials

IEX reported about 1.5× the revenue of GGG in the latest audited fiscal year. On profitability, GGG converted a larger share of revenue into net income (23.3% versus 14.0%). Scale and margin are starting facts for the thesis, not the verdict.

MetricGGGIEX
Revenue$2.2B$3.5B
Net income$522M$483M
Operating cash flow$684M$680M
Diluted EPS$3.08$6.41
Net margin23.3%14.0%

GGG: FY ending 2025-12-26 · IEX: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.

How the businesses differ

Why this pair belongs in the comparison set

GGG and IEX share the SEC industry classification “Pumps & Pumping Equipment,” giving the comparison a primary-source operating relationship. A shared classification or theme makes the pair useful for a defined research question; it does not mean the companies have identical products, economics, or risks.

Graco Inc. (GGG)

Graco makes fluid-handling systems and equipment for spraying, pumping, and dispensing.

IDEX Corporation (IEX)

IDEX makes fluid-handling pumps, dispensing equipment, and fire-and-rescue products.

The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. GGG is classified by the SEC as Pumps & Pumping Equipment, while IEX is classified as Pumps & Pumping Equipment. The matching industry code strengthens the peer comparison, although product mix can still differ materially.

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The thesis, the numbers behind it, and what would break it. Full access is $15 a month.

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Which thesis does each company fit?

Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.

Study GGG when…

  • Capital-spending and manufacturing PMIs
  • Reshoring and supply-chain reconfiguration
  • Defense budgets and geopolitical conflict
  • Freight rates and logistics demand

Study IEX when…

  • Capital-spending and manufacturing PMIs
  • Reshoring and supply-chain reconfiguration
  • Defense budgets and geopolitical conflict
  • Freight rates and logistics demand

Shared research themes

Pumps & Pumping Equipment (SEC industry)

SEC filing comparison and disclosure evidence

Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.GGG's fiscal year ends December 26, while IEX's ends December 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.

The current verified House and Senate snapshot contains 3matched transaction rows for GGGand 6 for IEX. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.

What this comparison cannot tell you

This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.

A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.

More comparisons involving GGG or IEX

GGG vs IEX FAQs

Are GGG and IEX direct competitors?

Graco Inc. and IDEX Corporation share the SEC industry classification “Pumps & Pumping Equipment.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.

Which is better, GGG or IEX?

There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.

Does this GGG vs IEX comparison include live prices?

No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Graco Inc. and IDEX Corporation tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.

Where does the company information come from?

Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-09-25. Business summaries and research themes are maintained by Yield Theory.

Data snapshot: SEC EDGAR submissions API, refreshed 2026-09-25. Independent educational research; not investment advice.

A comparison is the setup. The thesis is the call.

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