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Side-by-side financial comparison of Alto Ingredients, Inc. (ALTO) and IDEX Corporation (IEX). Click either name above to swap in a different company.

IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $232.0M, roughly 1.7× Alto Ingredients, Inc.). IDEX Corporation runs the higher net margin — 30.1% vs 9.4%, a 20.7% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs -1.9%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $7.6M). Over the past eight quarters, Alto Ingredients, Inc.'s revenue compounded faster (-1.8% CAGR vs -29.4%).

Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. It is home to the Unit 42 threat research team and hosts the Ignite cybersecurity conference. It is a partner organizati...

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.

ALTO vs IEX — Head-to-Head

Bigger by revenue
IEX
IEX
1.7× larger
IEX
$398.4M
$232.0M
ALTO
Growing faster (revenue YoY)
IEX
IEX
+18.5% gap
IEX
16.7%
-1.9%
ALTO
Higher net margin
IEX
IEX
20.7% more per $
IEX
30.1%
9.4%
ALTO
More free cash flow
IEX
IEX
$78.4M more FCF
IEX
$86.0M
$7.6M
ALTO
Faster 2-yr revenue CAGR
ALTO
ALTO
Annualised
ALTO
-1.8%
-29.4%
IEX

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ALTO
ALTO
IEX
IEX
Revenue
$232.0M
$398.4M
Net Profit
$21.8M
$120.0M
Gross Margin
6.5%
99.9%
Operating Margin
3.2%
43.3%
Net Margin
9.4%
30.1%
Revenue YoY
-1.9%
16.7%
Net Profit YoY
152.3%
25.7%
EPS (diluted)
$0.28
$1.61

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
ALTO
ALTO
IEX
IEX
Q2 26
$398.4M
Q1 26
$407.7M
Q4 25
$232.0M
$899.1M
Q3 25
$241.0M
$878.7M
Q2 25
$218.4M
$865.4M
Q1 25
$226.5M
$814.3M
Q4 24
$236.3M
$862.9M
Q3 24
$251.8M
$798.2M
Net Profit
ALTO
ALTO
IEX
IEX
Q2 26
$120.0M
Q1 26
$128.3M
Q4 25
$21.8M
$128.3M
Q3 25
$14.2M
$127.8M
Q2 25
$-11.0M
$131.6M
Q1 25
$-11.7M
$95.5M
Q4 24
$-41.7M
$123.2M
Q3 24
$-2.4M
$119.1M
Gross Margin
ALTO
ALTO
IEX
IEX
Q2 26
99.9%
Q1 26
94.9%
Q4 25
6.5%
43.1%
Q3 25
9.7%
44.5%
Q2 25
-0.9%
45.3%
Q1 25
-0.8%
45.3%
Q4 24
-0.6%
42.5%
Q3 24
2.4%
44.3%
Operating Margin
ALTO
ALTO
IEX
IEX
Q2 26
43.3%
Q1 26
45.0%
Q4 25
3.2%
20.4%
Q3 25
7.0%
21.1%
Q2 25
-3.7%
21.7%
Q1 25
-4.0%
17.4%
Q4 24
-16.6%
19.2%
Q3 24
-0.3%
21.0%
Net Margin
ALTO
ALTO
IEX
IEX
Q2 26
30.1%
Q1 26
31.5%
Q4 25
9.4%
14.3%
Q3 25
5.9%
14.5%
Q2 25
-5.0%
15.2%
Q1 25
-5.2%
11.7%
Q4 24
-17.6%
14.3%
Q3 24
-1.0%
14.9%
EPS (diluted)
ALTO
ALTO
IEX
IEX
Q2 26
$1.61
Q1 26
$1.71
Q4 25
$0.28
$1.71
Q3 25
$0.19
$1.70
Q2 25
$-0.15
$1.74
Q1 25
$-0.16
$1.26
Q4 24
$-0.56
$1.61
Q3 24
$-0.04
$1.57

Balance Sheet & Financial Strength

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

Metric
ALTO
ALTO
IEX
IEX
Cash + ST InvestmentsLiquidity on hand
$23.4M
$586.2M
Total DebtLower is stronger
$84.6M
Stockholders' EquityBook value
$245.2M
$4.0B
Total Assets
$388.8M
$6.9B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTO
ALTO
IEX
IEX
Q2 26
$586.2M
Q1 26
$580.0M
Q4 25
$23.4M
$580.0M
Q3 25
$32.5M
$593.8M
Q2 25
$29.8M
$568.2M
Q1 25
$26.8M
$594.1M
Q4 24
$35.5M
$620.8M
Q3 24
$33.6M
$633.2M
Total Debt
ALTO
ALTO
IEX
IEX
Q2 26
Q1 26
Q4 25
$84.6M
$1.8B
Q3 25
$106.0M
$1.9B
Q2 25
$124.2M
$1.9B
Q1 25
$117.0M
$2.0B
Q4 24
$99.7M
$2.0B
Q3 24
$90.6M
$2.1B
Stockholders' Equity
ALTO
ALTO
IEX
IEX
Q2 26
$4.0B
Q1 26
$4.0B
Q4 25
$245.2M
$4.0B
Q3 25
$222.4M
$4.0B
Q2 25
$207.8M
$4.0B
Q1 25
$213.9M
$3.9B
Q4 24
$225.1M
$3.8B
Q3 24
$263.9M
$3.8B
Total Assets
ALTO
ALTO
IEX
IEX
Q2 26
$6.9B
Q1 26
$6.9B
Q4 25
$388.8M
$6.9B
Q3 25
$388.5M
$7.0B
Q2 25
$393.1M
$6.9B
Q1 25
$402.2M
$6.8B
Q4 24
$401.4M
$6.7B
Q3 24
$417.4M
$7.0B
Debt / Equity
ALTO
ALTO
IEX
IEX
Q2 26
Q1 26
Q4 25
0.34×
0.45×
Q3 25
0.48×
0.48×
Q2 25
0.60×
0.46×
Q1 25
0.55×
0.50×
Q4 24
0.44×
0.52×
Q3 24
0.34×
0.55×

Cash Flow & Capital Efficiency

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

Metric
ALTO
ALTO
IEX
IEX
Operating Cash FlowLast quarter
$9.5M
Free Cash FlowOCF − Capex
$7.6M
$86.0M
FCF MarginFCF / Revenue
3.3%
21.6%
Capex IntensityCapex / Revenue
0.8%
4.4%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters
$8.6M
$654.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTO
ALTO
IEX
IEX
Q2 26
Q1 26
Q4 25
$9.5M
$209.5M
Q3 25
$22.8M
$203.5M
Q2 25
$-848.0K
$161.7M
Q1 25
$-18.2M
$105.7M
Q4 24
$-9.8M
$172.6M
Q3 24
$18.6M
$205.3M
Free Cash Flow
ALTO
ALTO
IEX
IEX
Q2 26
$86.0M
Q1 26
$189.8M
Q4 25
$7.6M
$189.8M
Q3 25
$21.2M
$188.7M
Q2 25
$-1.3M
$146.9M
Q1 25
$-18.8M
$91.4M
Q4 24
$-11.1M
$157.1M
Q3 24
$18.1M
$191.6M
FCF Margin
ALTO
ALTO
IEX
IEX
Q2 26
21.6%
Q1 26
46.6%
Q4 25
3.3%
21.1%
Q3 25
8.8%
21.5%
Q2 25
-0.6%
17.0%
Q1 25
-8.3%
11.2%
Q4 24
-4.7%
18.2%
Q3 24
7.2%
24.0%
Capex Intensity
ALTO
ALTO
IEX
IEX
Q2 26
4.4%
Q1 26
15.6%
Q4 25
0.8%
2.2%
Q3 25
0.7%
1.7%
Q2 25
0.2%
1.7%
Q1 25
0.2%
1.8%
Q4 24
0.5%
1.8%
Q3 24
0.2%
1.7%
Cash Conversion
ALTO
ALTO
IEX
IEX
Q2 26
Q1 26
Q4 25
0.44×
1.63×
Q3 25
1.60×
1.59×
Q2 25
1.23×
Q1 25
1.11×
Q4 24
1.40×
Q3 24
1.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALTO
ALTO

Pekin Campus Production$105.1M45%
Total Marketing And Distribution Sales$57.9M25%
Marketing And Distributions$55.6M24%
Other$11.2M5%
Kodiak Carbonic LLC$2.1M1%

IEX
IEX

Segment breakdown not available.

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