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Side-by-side financial comparison of Element Solutions Inc (ESI) and IDEX Corporation (IEX). Click either name above to swap in a different company.
Element Solutions Inc is the larger business by last-quarter revenue ($840.0M vs $398.4M, roughly 2.1× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 6.7%, a 23.5% gap on every dollar of revenue. On growth, Element Solutions Inc posted the faster year-over-year revenue change (41.0% vs 16.7%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-74.2M). Over the past eight quarters, Element Solutions Inc's revenue compounded faster (17.1% CAGR vs -29.4%).
Element Solutions Inc is an American specialty chemicals production corporation listed on the New York Stock Exchange.
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.
ESI vs IEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $840.0M | $398.4M |
| Net Profit | $56.0M | $120.0M |
| Gross Margin | 38.4% | 99.9% |
| Operating Margin | 13.3% | 43.3% |
| Net Margin | 6.7% | 30.1% |
| Revenue YoY | 41.0% | 16.7% |
| Net Profit YoY | -43.0% | 25.7% |
| EPS (diluted) | $0.23 | $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 | — | $398.4M | ||
| Q1 26 | $840.0M | $407.7M | ||
| Q4 25 | $676.2M | $899.1M | ||
| Q3 25 | $656.1M | $878.7M | ||
| Q2 25 | $625.2M | $865.4M | ||
| Q1 25 | $593.7M | $814.3M | ||
| Q4 24 | $624.2M | $862.9M | ||
| Q3 24 | $645.0M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | $56.0M | $128.3M | ||
| Q4 25 | $6.2M | $128.3M | ||
| Q3 25 | $39.3M | $127.8M | ||
| Q2 25 | $47.4M | $131.6M | ||
| Q1 25 | $98.0M | $95.5M | ||
| Q4 24 | $54.7M | $123.2M | ||
| Q3 24 | $40.3M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | 38.4% | 94.9% | ||
| Q4 25 | 40.9% | 43.1% | ||
| Q3 25 | 42.2% | 44.5% | ||
| Q2 25 | 42.6% | 45.3% | ||
| Q1 25 | 42.2% | 45.3% | ||
| Q4 24 | 41.0% | 42.5% | ||
| Q3 24 | 41.5% | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | 13.3% | 45.0% | ||
| Q4 25 | 10.3% | 20.4% | ||
| Q3 25 | 15.4% | 21.1% | ||
| Q2 25 | 15.1% | 21.7% | ||
| Q1 25 | 13.0% | 17.4% | ||
| Q4 24 | 12.0% | 19.2% | ||
| Q3 24 | 14.7% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | 6.7% | 31.5% | ||
| Q4 25 | 0.9% | 14.3% | ||
| Q3 25 | 6.0% | 14.5% | ||
| Q2 25 | 7.6% | 15.2% | ||
| Q1 25 | 16.5% | 11.7% | ||
| Q4 24 | 8.8% | 14.3% | ||
| Q3 24 | 6.2% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | $0.23 | $1.71 | ||
| Q4 25 | $0.03 | $1.71 | ||
| Q3 25 | $0.16 | $1.70 | ||
| Q2 25 | $0.20 | $1.74 | ||
| Q1 25 | $0.40 | $1.26 | ||
| Q4 24 | $0.22 | $1.61 | ||
| Q3 24 | $0.17 | $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 | $177.3M | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $4.0B |
| Total Assets | $5.7B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | $177.3M | $580.0M | ||
| Q4 25 | $626.5M | $580.0M | ||
| Q3 25 | $594.3M | $593.8M | ||
| Q2 25 | $529.9M | $568.2M | ||
| Q1 25 | $499.2M | $594.1M | ||
| Q4 24 | $359.4M | $620.8M | ||
| Q3 24 | $376.0M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.6B | $1.9B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.8B | $2.0B | ||
| Q3 24 | $1.9B | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | $2.7B | $4.0B | ||
| Q4 25 | $2.7B | $4.0B | ||
| Q3 25 | $2.7B | $4.0B | ||
| Q2 25 | $2.6B | $4.0B | ||
| Q1 25 | $2.5B | $3.9B | ||
| Q4 24 | $2.4B | $3.8B | ||
| Q3 24 | $2.4B | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | $5.7B | $6.9B | ||
| Q4 25 | $5.1B | $6.9B | ||
| Q3 25 | $5.0B | $7.0B | ||
| Q2 25 | $5.0B | $6.9B | ||
| Q1 25 | $4.8B | $6.8B | ||
| Q4 24 | $4.9B | $6.7B | ||
| Q3 24 | $5.1B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | 0.45× | ||
| Q3 25 | 0.61× | 0.48× | ||
| Q2 25 | 0.62× | 0.46× | ||
| Q1 25 | 0.64× | 0.50× | ||
| Q4 24 | 0.76× | 0.52× | ||
| Q3 24 | 0.78× | 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 | — | — |
| Free Cash FlowOCF − Capex | $-74.2M | $86.0M |
| FCF MarginFCF / Revenue | -8.8% | 21.6% |
| Capex IntensityCapex / Revenue | 3.0% | 4.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $209.5M | ||
| Q3 25 | $100.1M | $203.5M | ||
| Q2 25 | — | $161.7M | ||
| Q1 25 | $26.0M | $105.7M | ||
| Q4 24 | — | $172.6M | ||
| Q3 24 | $98.5M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | $-74.2M | $189.8M | ||
| Q4 25 | — | $189.8M | ||
| Q3 25 | $83.6M | $188.7M | ||
| Q2 25 | — | $146.9M | ||
| Q1 25 | $15.0M | $91.4M | ||
| Q4 24 | — | $157.1M | ||
| Q3 24 | $85.9M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | -8.8% | 46.6% | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | 12.7% | 21.5% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | 2.5% | 11.2% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | 13.3% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | 3.0% | 15.6% | ||
| Q4 25 | 2.5% | 2.2% | ||
| Q3 25 | 2.5% | 1.7% | ||
| Q2 25 | 2.8% | 1.7% | ||
| Q1 25 | 1.9% | 1.8% | ||
| Q4 24 | 3.6% | 1.8% | ||
| Q3 24 | 2.0% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 1.63× | ||
| Q3 25 | 2.55× | 1.59× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | 0.27× | 1.11× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 2.44× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESI
| Electronics ex-Metals | $377.8M | 45% |
| Pass-through Metals | $255.7M | 30% |
| Other | $206.5M | 25% |
IEX
Segment breakdown not available.
