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Side-by-side financial comparison of F5, Inc. (FFIV) and IDEX Corporation (IEX). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $398.4M, roughly 2.0× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 18.2%, a 11.9% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 11.0%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs -29.4%).
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
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.
FFIV vs IEX — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $398.4M |
| Net Profit | $148.0M | $120.0M |
| Gross Margin | 81.4% | 99.9% |
| Operating Margin | 22.1% | 43.3% |
| Net Margin | 18.2% | 30.1% |
| Revenue YoY | 11.0% | 16.7% |
| Net Profit YoY | 1.5% | 25.7% |
| EPS (diluted) | $2.58 | $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 | $811.7M | $407.7M | ||
| Q4 25 | $822.5M | $899.1M | ||
| Q3 25 | $810.1M | $878.7M | ||
| Q2 25 | $780.4M | $865.4M | ||
| Q1 25 | $731.1M | $814.3M | ||
| Q4 24 | $766.5M | $862.9M | ||
| Q3 24 | $746.7M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | $148.0M | $128.3M | ||
| Q4 25 | $180.1M | $128.3M | ||
| Q3 25 | $190.5M | $127.8M | ||
| Q2 25 | $189.9M | $131.6M | ||
| Q1 25 | $145.5M | $95.5M | ||
| Q4 24 | $166.4M | $123.2M | ||
| Q3 24 | $165.3M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | 81.4% | 94.9% | ||
| Q4 25 | 81.5% | 43.1% | ||
| Q3 25 | 82.2% | 44.5% | ||
| Q2 25 | 81.0% | 45.3% | ||
| Q1 25 | 80.7% | 45.3% | ||
| Q4 24 | 81.7% | 42.5% | ||
| Q3 24 | 80.8% | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | 22.1% | 45.0% | ||
| Q4 25 | 26.0% | 20.4% | ||
| Q3 25 | 25.4% | 21.1% | ||
| Q2 25 | 25.2% | 21.7% | ||
| Q1 25 | 21.7% | 17.4% | ||
| Q4 24 | 26.8% | 19.2% | ||
| Q3 24 | 25.6% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | 18.2% | 31.5% | ||
| Q4 25 | 21.9% | 14.3% | ||
| Q3 25 | 23.5% | 14.5% | ||
| Q2 25 | 24.3% | 15.2% | ||
| Q1 25 | 19.9% | 11.7% | ||
| Q4 24 | 21.7% | 14.3% | ||
| Q3 24 | 22.1% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | $2.58 | $1.71 | ||
| Q4 25 | $3.10 | $1.71 | ||
| Q3 25 | $3.25 | $1.70 | ||
| Q2 25 | $3.25 | $1.74 | ||
| Q1 25 | $2.48 | $1.26 | ||
| Q4 24 | $2.82 | $1.61 | ||
| Q3 24 | $2.79 | $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 | $1.4B | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | $4.0B |
| Total Assets | $6.5B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | $1.4B | $580.0M | ||
| Q4 25 | $1.2B | $580.0M | ||
| Q3 25 | $1.3B | $593.8M | ||
| Q2 25 | $1.4B | $568.2M | ||
| Q1 25 | $1.3B | $594.1M | ||
| Q4 24 | $1.2B | $620.8M | ||
| Q3 24 | $1.1B | $633.2M |
| Q2 26 | — | — | ||
| 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 26 | — | $4.0B | ||
| Q1 26 | $3.6B | $4.0B | ||
| Q4 25 | $3.5B | $4.0B | ||
| Q3 25 | $3.6B | $4.0B | ||
| Q2 25 | $3.5B | $4.0B | ||
| Q1 25 | $3.3B | $3.9B | ||
| Q4 24 | $3.2B | $3.8B | ||
| Q3 24 | $3.1B | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | $6.5B | $6.9B | ||
| Q4 25 | $6.3B | $6.9B | ||
| Q3 25 | $6.3B | $7.0B | ||
| Q2 25 | $6.1B | $6.9B | ||
| Q1 25 | $5.9B | $6.8B | ||
| Q4 24 | $5.9B | $6.7B | ||
| Q3 24 | $5.6B | $7.0B |
| Q2 26 | — | — | ||
| 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× |
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 | $525.1M | — |
| Free Cash FlowOCF − Capex | — | $86.0M |
| FCF MarginFCF / Revenue | — | 21.6% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | 3.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $209.5M | ||
| Q3 25 | $208.1M | $203.5M | ||
| Q2 25 | $282.2M | $161.7M | ||
| Q1 25 | $256.6M | $105.7M | ||
| Q4 24 | $202.8M | $172.6M | ||
| Q3 24 | $246.5M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $149.5M | $189.8M | ||
| Q3 25 | $191.9M | $188.7M | ||
| Q2 25 | $273.7M | $146.9M | ||
| Q1 25 | $246.1M | $91.4M | ||
| Q4 24 | $194.7M | $157.1M | ||
| Q3 24 | $240.4M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | 18.2% | 21.1% | ||
| Q3 25 | 23.7% | 21.5% | ||
| Q2 25 | 35.1% | 17.0% | ||
| Q1 25 | 33.7% | 11.2% | ||
| Q4 24 | 25.4% | 18.2% | ||
| Q3 24 | 32.2% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | 1.2% | 2.2% | ||
| Q3 25 | 2.0% | 1.7% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | 1.4% | 1.8% | ||
| Q4 24 | 1.1% | 1.8% | ||
| Q3 24 | 0.8% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | 1.63× | ||
| Q3 25 | 1.09× | 1.59× | ||
| Q2 25 | 1.49× | 1.23× | ||
| Q1 25 | 1.76× | 1.11× | ||
| Q4 24 | 1.22× | 1.40× | ||
| Q3 24 | 1.49× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
