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Side-by-side financial comparison of DELUXE CORP (DLX) 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 $535.2M, roughly 1.7× DELUXE CORP). IDEX Corporation runs the higher net margin — 14.3% vs 2.2%, a 12.0% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (376.5% vs 2.8%). Over the past eight quarters, IDEX Corporation's revenue compounded faster (5.5% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
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.
DLX vs IEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $899.1M |
| Net Profit | $12.0M | $128.3M |
| Gross Margin | 52.2% | 43.1% |
| Operating Margin | 8.9% | 20.4% |
| Net Margin | 2.2% | 14.3% |
| Revenue YoY | 2.8% | 376.5% |
| Net Profit YoY | -5.0% | 688.5% |
| EPS (diluted) | $0.25 | $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.
| Q1 26 | — | $899.1M | ||
| Q4 25 | $535.2M | $899.1M | ||
| Q3 25 | $540.2M | $878.7M | ||
| Q2 25 | $521.3M | $865.4M | ||
| Q1 25 | $536.5M | $814.3M | ||
| Q4 24 | $520.6M | $862.9M | ||
| Q3 24 | $528.4M | $798.2M | ||
| Q2 24 | $537.8M | $807.2M |
| Q1 26 | — | $128.3M | ||
| Q4 25 | $12.0M | $128.3M | ||
| Q3 25 | $33.7M | $127.8M | ||
| Q2 25 | $22.4M | $131.6M | ||
| Q1 25 | $14.0M | $95.5M | ||
| Q4 24 | $12.6M | $123.2M | ||
| Q3 24 | $8.9M | $119.1M | ||
| Q2 24 | $20.5M | $141.3M |
| Q1 26 | — | 43.1% | ||
| Q4 25 | 52.2% | 43.1% | ||
| Q3 25 | 53.9% | 44.5% | ||
| Q2 25 | 53.6% | 45.3% | ||
| Q1 25 | 52.4% | 45.3% | ||
| Q4 24 | 52.3% | 42.5% | ||
| Q3 24 | 53.3% | 44.3% | ||
| Q2 24 | 53.7% | 45.4% |
| Q1 26 | — | 20.4% | ||
| Q4 25 | 8.9% | 20.4% | ||
| Q3 25 | 14.0% | 21.1% | ||
| Q2 25 | 11.7% | 21.7% | ||
| Q1 25 | 9.0% | 17.4% | ||
| Q4 24 | 9.0% | 19.2% | ||
| Q3 24 | 7.9% | 21.0% | ||
| Q2 24 | 11.0% | 22.6% |
| Q1 26 | — | 14.3% | ||
| Q4 25 | 2.2% | 14.3% | ||
| Q3 25 | 6.2% | 14.5% | ||
| Q2 25 | 4.3% | 15.2% | ||
| Q1 25 | 2.6% | 11.7% | ||
| Q4 24 | 2.4% | 14.3% | ||
| Q3 24 | 1.7% | 14.9% | ||
| Q2 24 | 3.8% | 17.5% |
| Q1 26 | — | $1.71 | ||
| Q4 25 | $0.25 | $1.71 | ||
| Q3 25 | $0.74 | $1.70 | ||
| Q2 25 | $0.50 | $1.74 | ||
| Q1 25 | $0.31 | $1.26 | ||
| Q4 24 | $0.28 | $1.61 | ||
| Q3 24 | $0.20 | $1.57 | ||
| Q2 24 | $0.46 | $1.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.9M | $580.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $680.7M | $4.0B |
| Total Assets | $2.9B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $580.0M | ||
| Q4 25 | $36.9M | $580.0M | ||
| Q3 25 | $25.8M | $593.8M | ||
| Q2 25 | $26.0M | $568.2M | ||
| Q1 25 | $30.3M | $594.1M | ||
| Q4 24 | $34.4M | $620.8M | ||
| Q3 24 | $41.3M | $633.2M | ||
| Q2 24 | $23.1M | $700.7M |
| 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 |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $680.7M | $4.0B | ||
| Q3 25 | $664.1M | $4.0B | ||
| Q2 25 | $638.7M | $4.0B | ||
| Q1 25 | $622.5M | $3.9B | ||
| Q4 24 | $620.9M | $3.8B | ||
| Q3 24 | $612.7M | $3.8B | ||
| Q2 24 | $620.5M | $3.7B |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $2.9B | $6.9B | ||
| Q3 25 | $2.6B | $7.0B | ||
| Q2 25 | $2.5B | $6.9B | ||
| Q1 25 | $2.6B | $6.8B | ||
| Q4 24 | $2.8B | $6.7B | ||
| Q3 24 | $2.6B | $7.0B | ||
| Q2 24 | $2.7B | $5.9B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $102.1M | — |
| Free Cash FlowOCF − Capex | — | $189.8M |
| FCF MarginFCF / Revenue | — | 21.1% |
| Capex IntensityCapex / Revenue | — | 7.1% |
| Cash ConversionOCF / Net Profit | 8.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $715.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $102.1M | $209.5M | ||
| Q3 25 | $67.1M | $203.5M | ||
| Q2 25 | $51.1M | $161.7M | ||
| Q1 25 | $50.3M | $105.7M | ||
| Q4 24 | $60.2M | $172.6M | ||
| Q3 24 | $67.9M | $205.3M | ||
| Q2 24 | $39.6M | $133.6M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | — | $189.8M | ||
| Q3 25 | — | $188.7M | ||
| Q2 25 | $27.8M | $146.9M | ||
| Q1 25 | $24.3M | $91.4M | ||
| Q4 24 | — | $157.1M | ||
| Q3 24 | $46.7M | $191.6M | ||
| Q2 24 | $11.4M | $117.7M |
| Q1 26 | — | 21.1% | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | 5.3% | 17.0% | ||
| Q1 25 | 4.5% | 11.2% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | 8.8% | 24.0% | ||
| Q2 24 | 2.1% | 14.6% |
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | 4.5% | 1.7% | ||
| Q1 25 | 4.8% | 1.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | 4.0% | 1.7% | ||
| Q2 24 | 5.2% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 8.53× | 1.63× | ||
| Q3 25 | 1.99× | 1.59× | ||
| Q2 25 | 2.28× | 1.23× | ||
| Q1 25 | 3.59× | 1.11× | ||
| Q4 24 | 4.77× | 1.40× | ||
| Q3 24 | 7.60× | 1.72× | ||
| Q2 24 | 1.94× | 0.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
IEX
Segment breakdown not available.
