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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and IDEX Corporation (IEX). Click either name above to swap in a different company.

IDEX Corporation is the larger business by last-quarter revenue ($899.1M vs $564.0M, roughly 1.6× American Healthcare REIT, Inc.). IDEX Corporation runs the higher net margin — 14.3% vs 1.9%, a 12.4% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (376.5% vs 13.5%). Over the past eight quarters, American Healthcare REIT, Inc.'s revenue compounded faster (11.7% CAGR vs 5.5%).

Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...

IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.

AHR vs IEX — Head-to-Head

Bigger by revenue
IEX
IEX
1.6× larger
IEX
$899.1M
$564.0M
AHR
Growing faster (revenue YoY)
IEX
IEX
+363.0% gap
IEX
376.5%
13.5%
AHR
Higher net margin
IEX
IEX
12.4% more per $
IEX
14.3%
1.9%
AHR
Faster 2-yr revenue CAGR
AHR
AHR
Annualised
AHR
11.7%
5.5%
IEX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AHR
AHR
IEX
IEX
Revenue
$564.0M
$899.1M
Net Profit
$10.8M
$128.3M
Gross Margin
14.8%
43.1%
Operating Margin
19.8%
20.4%
Net Margin
1.9%
14.3%
Revenue YoY
13.5%
376.5%
Net Profit YoY
133.9%
688.5%
EPS (diluted)
$0.07
$1.71

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AHR
AHR
IEX
IEX
Q1 26
$899.1M
Q4 25
$564.0M
$899.1M
Q3 25
$532.1M
$878.7M
Q2 25
$501.3M
$865.4M
Q1 25
$497.2M
$814.3M
Q4 24
$496.8M
$862.9M
Q3 24
$476.8M
$798.2M
Q2 24
$458.0M
$807.2M
Net Profit
AHR
AHR
IEX
IEX
Q1 26
$128.3M
Q4 25
$10.8M
$128.3M
Q3 25
$55.9M
$127.8M
Q2 25
$9.9M
$131.6M
Q1 25
$-6.8M
$95.5M
Q4 24
$-31.8M
$123.2M
Q3 24
$-4.1M
$119.1M
Q2 24
$2.0M
$141.3M
Gross Margin
AHR
AHR
IEX
IEX
Q1 26
43.1%
Q4 25
14.8%
43.1%
Q3 25
14.6%
44.5%
Q2 25
15.0%
45.3%
Q1 25
13.0%
45.3%
Q4 24
13.3%
42.5%
Q3 24
12.5%
44.3%
Q2 24
12.1%
45.4%
Operating Margin
AHR
AHR
IEX
IEX
Q1 26
20.4%
Q4 25
19.8%
20.4%
Q3 25
19.9%
21.1%
Q2 25
20.6%
21.7%
Q1 25
19.0%
17.4%
Q4 24
20.0%
19.2%
Q3 24
19.6%
21.0%
Q2 24
19.4%
22.6%
Net Margin
AHR
AHR
IEX
IEX
Q1 26
14.3%
Q4 25
1.9%
14.3%
Q3 25
10.5%
14.5%
Q2 25
2.0%
15.2%
Q1 25
-1.4%
11.7%
Q4 24
-6.4%
14.3%
Q3 24
-0.9%
14.9%
Q2 24
0.4%
17.5%
EPS (diluted)
AHR
AHR
IEX
IEX
Q1 26
$1.71
Q4 25
$0.07
$1.71
Q3 25
$0.33
$1.70
Q2 25
$0.06
$1.74
Q1 25
$-0.04
$1.26
Q4 24
$-0.23
$1.61
Q3 24
$-0.03
$1.57
Q2 24
$0.01
$1.86

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AHR
AHR
IEX
IEX
Cash + ST InvestmentsLiquidity on hand
$114.8M
$580.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.3B
$4.0B
Total Assets
$5.4B
$6.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHR
AHR
IEX
IEX
Q1 26
$580.0M
Q4 25
$114.8M
$580.0M
Q3 25
$147.4M
$593.8M
Q2 25
$133.5M
$568.2M
Q1 25
$86.1M
$594.1M
Q4 24
$76.7M
$620.8M
Q3 24
$67.8M
$633.2M
Q2 24
$52.1M
$700.7M
Total Debt
AHR
AHR
IEX
IEX
Q1 26
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$1.9B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.1B
Q2 24
$1.3B
Stockholders' Equity
AHR
AHR
IEX
IEX
Q1 26
$4.0B
Q4 25
$3.3B
$4.0B
Q3 25
$2.7B
$4.0B
Q2 25
$2.4B
$4.0B
Q1 25
$2.3B
$3.9B
Q4 24
$2.3B
$3.8B
Q3 24
$2.2B
$3.8B
Q2 24
$1.9B
$3.7B
Total Assets
AHR
AHR
IEX
IEX
Q1 26
$6.9B
Q4 25
$5.4B
$6.9B
Q3 25
$4.8B
$7.0B
Q2 25
$4.5B
$6.9B
Q1 25
$4.5B
$6.8B
Q4 24
$4.5B
$6.7B
Q3 24
$4.7B
$7.0B
Q2 24
$4.6B
$5.9B
Debt / Equity
AHR
AHR
IEX
IEX
Q1 26
Q4 25
0.45×
Q3 25
0.48×
Q2 25
0.46×
Q1 25
0.50×
Q4 24
0.52×
Q3 24
0.55×
Q2 24
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AHR
AHR
IEX
IEX
Operating Cash FlowLast quarter
$55.2M
Free Cash FlowOCF − Capex
$189.8M
FCF MarginFCF / Revenue
21.1%
Capex IntensityCapex / Revenue
7.1%
Cash ConversionOCF / Net Profit
5.12×
TTM Free Cash FlowTrailing 4 quarters
$715.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHR
AHR
IEX
IEX
Q1 26
Q4 25
$55.2M
$209.5M
Q3 25
$107.2M
$203.5M
Q2 25
$71.5M
$161.7M
Q1 25
$60.6M
$105.7M
Q4 24
$59.5M
$172.6M
Q3 24
$63.1M
$205.3M
Q2 24
$59.4M
$133.6M
Free Cash Flow
AHR
AHR
IEX
IEX
Q1 26
$189.8M
Q4 25
$189.8M
Q3 25
$188.7M
Q2 25
$146.9M
Q1 25
$91.4M
Q4 24
$157.1M
Q3 24
$191.6M
Q2 24
$117.7M
FCF Margin
AHR
AHR
IEX
IEX
Q1 26
21.1%
Q4 25
21.1%
Q3 25
21.5%
Q2 25
17.0%
Q1 25
11.2%
Q4 24
18.2%
Q3 24
24.0%
Q2 24
14.6%
Capex Intensity
AHR
AHR
IEX
IEX
Q1 26
7.1%
Q4 25
2.2%
Q3 25
1.7%
Q2 25
1.7%
Q1 25
1.8%
Q4 24
1.8%
Q3 24
1.7%
Q2 24
2.0%
Cash Conversion
AHR
AHR
IEX
IEX
Q1 26
Q4 25
5.12×
1.63×
Q3 25
1.92×
1.59×
Q2 25
7.21×
1.23×
Q1 25
1.11×
Q4 24
1.40×
Q3 24
1.72×
Q2 24
30.02×
0.95×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AHR
AHR

Integrated Senior Health Campuses$467.0M83%
SHOP$97.0M17%

IEX
IEX

Segment breakdown not available.

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