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Side-by-side financial comparison of Genie Energy Ltd. (GNE) and IBEX Ltd (IBEX). Click either name above to swap in a different company.

IBEX Ltd is the larger business by last-quarter revenue ($164.2M vs $138.3M, roughly 1.2× Genie Energy Ltd.). IBEX Ltd runs the higher net margin — 7.4% vs 4.9%, a 2.6% gap on every dollar of revenue. On growth, Genie Energy Ltd. posted the faster year-over-year revenue change (23.6% vs 16.7%). Over the past eight quarters, Genie Energy Ltd.'s revenue compounded faster (14.8% CAGR vs 13.8%).

Genie Energy Ltd. is an American energy company headquartered in Newark, New Jersey. It is a holding company comprising Genie Retail Energy, Genie Retail Energy International, Genie Energy Services, and Genie Energy Oil and Gas. Michael Stein is the Chief Executive Officer, Genie Energy Ltd.

The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets. It is a market capitalization-weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures con...

GNE vs IBEX — Head-to-Head

Bigger by revenue
IBEX
IBEX
1.2× larger
IBEX
$164.2M
$138.3M
GNE
Growing faster (revenue YoY)
GNE
GNE
+6.9% gap
GNE
23.6%
16.7%
IBEX
Higher net margin
IBEX
IBEX
2.6% more per $
IBEX
7.4%
4.9%
GNE
Faster 2-yr revenue CAGR
GNE
GNE
Annualised
GNE
14.8%
13.8%
IBEX

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
GNE
GNE
IBEX
IBEX
Revenue
$138.3M
$164.2M
Net Profit
$6.7M
$12.2M
Gross Margin
21.7%
Operating Margin
5.0%
9.3%
Net Margin
4.9%
7.4%
Revenue YoY
23.6%
16.7%
Net Profit YoY
-33.9%
31.8%
EPS (diluted)
$0.26
$0.83

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.

Revenue
GNE
GNE
IBEX
IBEX
Q4 25
$164.2M
Q3 25
$138.3M
$151.2M
Q2 25
$105.3M
$147.1M
Q1 25
$136.8M
$140.7M
Q4 24
$102.9M
$140.7M
Q3 24
$111.9M
$129.7M
Q2 24
$90.7M
$124.5M
Q1 24
$119.7M
$126.8M
Net Profit
GNE
GNE
IBEX
IBEX
Q4 25
$12.2M
Q3 25
$6.7M
$12.0M
Q2 25
$2.8M
$9.6M
Q1 25
$10.3M
$10.5M
Q4 24
$-15.3M
$9.3M
Q3 24
$10.2M
$7.5M
Q2 24
$9.6M
$9.8M
Q1 24
$8.1M
$10.3M
Gross Margin
GNE
GNE
IBEX
IBEX
Q4 25
Q3 25
21.7%
Q2 25
22.3%
Q1 25
27.3%
Q4 24
32.5%
Q3 24
33.9%
Q2 24
36.8%
Q1 24
28.2%
Operating Margin
GNE
GNE
IBEX
IBEX
Q4 25
9.3%
Q3 25
5.0%
9.1%
Q2 25
1.9%
8.3%
Q1 25
9.4%
9.5%
Q4 24
-20.2%
8.5%
Q3 24
10.4%
7.0%
Q2 24
11.6%
10.3%
Q1 24
8.2%
8.9%
Net Margin
GNE
GNE
IBEX
IBEX
Q4 25
7.4%
Q3 25
4.9%
8.0%
Q2 25
2.7%
6.5%
Q1 25
7.5%
7.4%
Q4 24
-14.9%
6.6%
Q3 24
9.1%
5.8%
Q2 24
10.6%
7.9%
Q1 24
6.8%
8.1%
EPS (diluted)
GNE
GNE
IBEX
IBEX
Q4 25
$0.83
Q3 25
$0.26
$0.82
Q2 25
$0.11
$0.63
Q1 25
$0.40
$0.73
Q4 24
$-0.58
$0.57
Q3 24
$0.38
$0.43
Q2 24
$0.36
$0.55
Q1 24
$0.30
$0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GNE
GNE
IBEX
IBEX
Cash + ST InvestmentsLiquidity on hand
$109.8M
$15.5M
Total DebtLower is stronger
$594.0K
Stockholders' EquityBook value
$198.8M
$154.5M
Total Assets
$394.1M
$295.8M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GNE
GNE
IBEX
IBEX
Q4 25
$15.5M
Q3 25
$109.8M
$22.7M
Q2 25
$106.0M
$15.3M
Q1 25
$118.3M
$13.0M
Q4 24
$110.1M
$20.2M
Q3 24
$141.8M
$62.3M
Q2 24
$126.8M
$62.7M
Q1 24
$106.9M
$50.7M
Total Debt
GNE
GNE
IBEX
IBEX
Q4 25
$594.0K
Q3 25
$726.0K
Q2 25
$796.0K
Q1 25
$735.0K
Q4 24
$695.0K
Q3 24
$802.0K
Q2 24
$867.0K
Q1 24
$820.0K
Stockholders' Equity
GNE
GNE
IBEX
IBEX
Q4 25
$154.5M
Q3 25
$198.8M
$143.6M
Q2 25
$197.0M
$134.3M
Q1 25
$198.0M
$124.2M
Q4 24
$190.5M
$108.9M
Q3 24
$211.1M
$171.1M
Q2 24
$202.1M
$165.8M
Q1 24
$192.9M
$159.3M
Total Assets
GNE
GNE
IBEX
IBEX
Q4 25
$295.8M
Q3 25
$394.1M
$283.9M
Q2 25
$383.1M
$273.2M
Q1 25
$384.4M
$274.7M
Q4 24
$371.3M
$272.5M
Q3 24
$341.7M
$306.3M
Q2 24
$322.8M
$293.9M
Q1 24
$328.3M
$289.6M
Debt / Equity
GNE
GNE
IBEX
IBEX
Q4 25
0.00×
Q3 25
0.01×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.01×
Q3 24
0.00×
Q2 24
0.01×
Q1 24
0.01×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GNE
GNE
IBEX
IBEX
Operating Cash FlowLast quarter
$13.9M
$6.6M
Free Cash FlowOCF − Capex
$-5.1M
FCF MarginFCF / Revenue
-3.1%
Capex IntensityCapex / Revenue
7.1%
Cash ConversionOCF / Net Profit
2.07×
0.54×
TTM Free Cash FlowTrailing 4 quarters
$29.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GNE
GNE
IBEX
IBEX
Q4 25
$6.6M
Q3 25
$13.9M
$15.7M
Q2 25
$1.1M
$27.9M
Q1 25
$15.3M
$8.8M
Q4 24
$13.0M
$1.1M
Q3 24
$24.4M
$7.8M
Q2 24
$20.4M
$17.4M
Q1 24
$12.9M
$11.4M
Free Cash Flow
GNE
GNE
IBEX
IBEX
Q4 25
$-5.1M
Q3 25
$8.0M
Q2 25
$22.8M
Q1 25
$13.6M
$3.6M
Q4 24
$-3.2M
Q3 24
$21.9M
$4.1M
Q2 24
$20.1M
$15.2M
Q1 24
$11.7M
$9.7M
FCF Margin
GNE
GNE
IBEX
IBEX
Q4 25
-3.1%
Q3 25
5.3%
Q2 25
15.5%
Q1 25
9.9%
2.5%
Q4 24
-2.3%
Q3 24
19.6%
3.2%
Q2 24
22.1%
12.2%
Q1 24
9.8%
7.7%
Capex Intensity
GNE
GNE
IBEX
IBEX
Q4 25
7.1%
Q3 25
5.1%
Q2 25
3.5%
Q1 25
1.3%
3.7%
Q4 24
3.1%
Q3 24
2.2%
2.8%
Q2 24
0.4%
1.8%
Q1 24
1.0%
1.3%
Cash Conversion
GNE
GNE
IBEX
IBEX
Q4 25
0.54×
Q3 25
2.07×
1.30×
Q2 25
0.40×
2.91×
Q1 25
1.49×
0.84×
Q4 24
0.12×
Q3 24
2.39×
1.03×
Q2 24
2.12×
1.77×
Q1 24
1.59×
1.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GNE
GNE

Sales Channel Directly To Consumer$108.8M79%
Sales Channel Through Intermediary$23.5M17%
Genie Renewables GREW$6.0M4%

IBEX
IBEX

Transferred Over Time$147.1M90%
Transferred At Point In Time$17.1M10%

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