vs
Side-by-side financial comparison of Diversified Energy Co (DEC) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($886.9M vs $666.5M, roughly 1.3× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 13.5%, a 15.8% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $86.0M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
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.
DEC vs IEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $886.9M |
| Net Profit | $195.5M | $120.0M |
| Gross Margin | — | 44.9% |
| Operating Margin | 37.6% | 19.4% |
| Net Margin | 29.3% | 13.5% |
| Revenue YoY | — | 8.9% |
| Net Profit YoY | — | 25.7% |
| EPS (diluted) | — | $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.
| Q2 26 | — | $886.9M | ||
| Q1 26 | — | $899.1M | ||
| Q4 25 | $666.5M | $899.1M | ||
| Q3 25 | $499.8M | $878.7M | ||
| Q2 25 | $600.3M | $865.4M | ||
| Q1 25 | — | $814.3M | ||
| Q4 24 | — | $862.9M | ||
| Q3 24 | — | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | — | $128.3M | ||
| Q4 25 | $195.5M | $128.3M | ||
| Q3 25 | $171.1M | $127.8M | ||
| Q2 25 | $297.7M | $131.6M | ||
| Q1 25 | — | $95.5M | ||
| Q4 24 | — | $123.2M | ||
| Q3 24 | — | $119.1M |
| Q2 26 | — | 44.9% | ||
| Q1 26 | — | 43.1% | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | 44.7% | 45.3% | ||
| Q1 25 | — | 45.3% | ||
| Q4 24 | — | 42.5% | ||
| Q3 24 | — | 44.3% |
| Q2 26 | — | 19.4% | ||
| Q1 26 | — | 20.4% | ||
| Q4 25 | 37.6% | 20.4% | ||
| Q3 25 | 36.2% | 21.1% | ||
| Q2 25 | 48.5% | 21.7% | ||
| Q1 25 | — | 17.4% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 21.0% |
| Q2 26 | — | 13.5% | ||
| Q1 26 | — | 14.3% | ||
| Q4 25 | 29.3% | 14.3% | ||
| Q3 25 | 34.2% | 14.5% | ||
| Q2 25 | 49.6% | 15.2% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | — | $1.71 | ||
| Q4 25 | — | $1.71 | ||
| Q3 25 | $2.14 | $1.70 | ||
| Q2 25 | $3.67 | $1.74 | ||
| Q1 25 | — | $1.26 | ||
| Q4 24 | — | $1.61 | ||
| Q3 24 | — | $1.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $586.2M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $984.1M | $4.0B |
| Total Assets | $6.2B | $6.9B |
| Debt / EquityLower = less leverage | 2.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | — | $580.0M | ||
| Q4 25 | $29.7M | $580.0M | ||
| Q3 25 | — | $593.8M | ||
| Q2 25 | $23.7M | $568.2M | ||
| Q1 25 | — | $594.1M | ||
| Q4 24 | — | $620.8M | ||
| Q3 24 | — | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | — | $4.0B | ||
| Q4 25 | $984.1M | $4.0B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $727.7M | $4.0B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | — | $6.9B | ||
| Q4 25 | $6.2B | $6.9B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | $5.7B | $6.9B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.76× | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $464.6M | — |
| Free Cash FlowOCF − Capex | $280.0M | $86.0M |
| FCF MarginFCF / Revenue | 42.0% | 9.7% |
| Capex IntensityCapex / Revenue | 27.7% | 2.0% |
| Cash ConversionOCF / Net Profit | 2.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $464.6M | $209.5M | ||
| Q3 25 | — | $203.5M | ||
| Q2 25 | $264.1M | $161.7M | ||
| Q1 25 | — | $105.7M | ||
| Q4 24 | — | $172.6M | ||
| Q3 24 | — | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $280.0M | $189.8M | ||
| Q3 25 | — | $188.7M | ||
| Q2 25 | — | $146.9M | ||
| Q1 25 | — | $91.4M | ||
| Q4 24 | — | $157.1M | ||
| Q3 24 | — | $191.6M |
| Q2 26 | — | 9.7% | ||
| Q1 26 | — | 21.1% | ||
| Q4 25 | 42.0% | 21.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 24.0% |
| Q2 26 | — | 2.0% | ||
| Q1 26 | — | 7.1% | ||
| Q4 25 | 27.7% | 2.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.38× | 1.63× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | 0.89× | 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.
