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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and IDEX Corporation (IEX). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $398.4M, roughly 2.2× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 29.4%, a 0.7% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 16.7%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $86.0M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs -29.4%).
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
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.
FHN vs IEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $398.4M |
| Net Profit | $261.0M | $120.0M |
| Gross Margin | — | 99.9% |
| Operating Margin | 38.5% | 43.3% |
| Net Margin | 29.4% | 30.1% |
| Revenue YoY | 21.8% | 16.7% |
| Net Profit YoY | 57.2% | 25.7% |
| EPS (diluted) | $0.51 | $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 | — | $407.7M | ||
| Q4 25 | $888.0M | $899.1M | ||
| Q3 25 | $889.0M | $878.7M | ||
| Q2 25 | $830.0M | $865.4M | ||
| Q1 25 | $812.0M | $814.3M | ||
| Q4 24 | $729.0M | $862.9M | ||
| Q3 24 | $827.0M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | — | $128.3M | ||
| Q4 25 | $261.0M | $128.3M | ||
| Q3 25 | $262.0M | $127.8M | ||
| Q2 25 | $241.0M | $131.6M | ||
| Q1 25 | $218.0M | $95.5M | ||
| Q4 24 | $166.0M | $123.2M | ||
| Q3 24 | $218.0M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | 45.3% | ||
| Q1 25 | — | 45.3% | ||
| Q4 24 | — | 42.5% | ||
| Q3 24 | — | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | — | 45.0% | ||
| Q4 25 | 38.5% | 20.4% | ||
| Q3 25 | 38.7% | 21.1% | ||
| Q2 25 | 37.2% | 21.7% | ||
| Q1 25 | 35.1% | 17.4% | ||
| Q4 24 | 28.8% | 19.2% | ||
| Q3 24 | 34.0% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | — | 31.5% | ||
| Q4 25 | 29.4% | 14.3% | ||
| Q3 25 | 29.5% | 14.5% | ||
| Q2 25 | 29.0% | 15.2% | ||
| Q1 25 | 26.8% | 11.7% | ||
| Q4 24 | 22.8% | 14.3% | ||
| Q3 24 | 26.4% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | — | $1.71 | ||
| Q4 25 | $0.51 | $1.71 | ||
| Q3 25 | $0.50 | $1.70 | ||
| Q2 25 | $0.45 | $1.74 | ||
| Q1 25 | $0.41 | $1.26 | ||
| Q4 24 | $0.29 | $1.61 | ||
| Q3 24 | $0.40 | $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 | — | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | $4.0B |
| Total Assets | $83.9B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | — | $580.0M | ||
| Q4 25 | — | $580.0M | ||
| Q3 25 | — | $593.8M | ||
| Q2 25 | — | $568.2M | ||
| Q1 25 | — | $594.1M | ||
| Q4 24 | — | $620.8M | ||
| Q3 24 | — | $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 | — | $4.0B | ||
| Q4 25 | $8.8B | $4.0B | ||
| Q3 25 | $8.9B | $4.0B | ||
| Q2 25 | $9.0B | $4.0B | ||
| Q1 25 | $8.7B | $3.9B | ||
| Q4 24 | $8.8B | $3.8B | ||
| Q3 24 | $9.0B | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | — | $6.9B | ||
| Q4 25 | $83.9B | $6.9B | ||
| Q3 25 | $83.2B | $7.0B | ||
| Q2 25 | $82.1B | $6.9B | ||
| Q1 25 | $81.5B | $6.8B | ||
| Q4 24 | $82.2B | $6.7B | ||
| Q3 24 | $82.6B | $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 | $396.0M | — |
| Free Cash FlowOCF − Capex | $389.0M | $86.0M |
| FCF MarginFCF / Revenue | 43.8% | 21.6% |
| Capex IntensityCapex / Revenue | 0.8% | 4.4% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $396.0M | $209.5M | ||
| Q3 25 | $-200.0M | $203.5M | ||
| Q2 25 | $83.0M | $161.7M | ||
| Q1 25 | $349.0M | $105.7M | ||
| Q4 24 | $191.0M | $172.6M | ||
| Q3 24 | $389.0M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $389.0M | $189.8M | ||
| Q3 25 | $-208.0M | $188.7M | ||
| Q2 25 | $74.0M | $146.9M | ||
| Q1 25 | $340.0M | $91.4M | ||
| Q4 24 | $174.0M | $157.1M | ||
| Q3 24 | $383.0M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | 43.8% | 21.1% | ||
| Q3 25 | -23.4% | 21.5% | ||
| Q2 25 | 8.9% | 17.0% | ||
| Q1 25 | 41.9% | 11.2% | ||
| Q4 24 | 23.9% | 18.2% | ||
| Q3 24 | 46.3% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | 0.8% | 2.2% | ||
| Q3 25 | 0.9% | 1.7% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | 1.1% | 1.8% | ||
| Q4 24 | 2.3% | 1.8% | ||
| Q3 24 | 0.7% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.52× | 1.63× | ||
| Q3 25 | -0.76× | 1.59× | ||
| Q2 25 | 0.34× | 1.23× | ||
| Q1 25 | 1.60× | 1.11× | ||
| Q4 24 | 1.15× | 1.40× | ||
| Q3 24 | 1.78× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
IEX
Segment breakdown not available.
