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Side-by-side financial comparison of HECLA MINING CO (HL) and IDEX Corporation (IEX). Click either name above to swap in a different company.

HECLA MINING CO is the larger business by last-quarter revenue ($448.1M vs $398.4M, roughly 1.1× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 30.0%, a 0.1% gap on every dollar of revenue. On growth, HECLA MINING CO posted the faster year-over-year revenue change (79.5% vs 16.7%). HECLA MINING CO produced more free cash flow last quarter ($134.7M vs $86.0M). Over the past eight quarters, HECLA MINING CO's revenue compounded faster (53.8% CAGR vs -29.4%).

Hecla Mining is a leading U.S.-based precious and base metals mining firm. Core products include silver, gold, lead and zinc, with operating assets across North America. It supplies raw materials to global jewelry manufacturing, industrial production, and renewable energy segments, and is a top domestic primary silver producer.

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.

HL vs IEX — Head-to-Head

Bigger by revenue
HL
HL
1.1× larger
HL
$448.1M
$398.4M
IEX
Growing faster (revenue YoY)
HL
HL
+62.8% gap
HL
79.5%
16.7%
IEX
Higher net margin
IEX
IEX
0.1% more per $
IEX
30.1%
30.0%
HL
More free cash flow
HL
HL
$48.7M more FCF
HL
$134.7M
$86.0M
IEX
Faster 2-yr revenue CAGR
HL
HL
Annualised
HL
53.8%
-29.4%
IEX

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HL
HL
IEX
IEX
Revenue
$448.1M
$398.4M
Net Profit
$134.4M
$120.0M
Gross Margin
55.4%
99.9%
Operating Margin
49.1%
43.3%
Net Margin
30.0%
30.1%
Revenue YoY
79.5%
16.7%
Net Profit YoY
1027.2%
25.7%
EPS (diluted)
$0.20
$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.

Revenue
HL
HL
IEX
IEX
Q2 26
$398.4M
Q1 26
$407.7M
Q4 25
$448.1M
$899.1M
Q3 25
$409.5M
$878.7M
Q2 25
$304.0M
$865.4M
Q1 25
$261.3M
$814.3M
Q4 24
$249.7M
$862.9M
Q3 24
$245.1M
$798.2M
Net Profit
HL
HL
IEX
IEX
Q2 26
$120.0M
Q1 26
$128.3M
Q4 25
$134.4M
$128.3M
Q3 25
$100.7M
$127.8M
Q2 25
$57.7M
$131.6M
Q1 25
$28.9M
$95.5M
Q4 24
$11.9M
$123.2M
Q3 24
$1.8M
$119.1M
Gross Margin
HL
HL
IEX
IEX
Q2 26
99.9%
Q1 26
94.9%
Q4 25
55.4%
43.1%
Q3 25
44.1%
44.5%
Q2 25
39.3%
45.3%
Q1 25
28.3%
45.3%
Q4 24
27.4%
42.5%
Q3 24
24.2%
44.3%
Operating Margin
HL
HL
IEX
IEX
Q2 26
43.3%
Q1 26
45.0%
Q4 25
49.1%
20.4%
Q3 25
36.3%
21.1%
Q2 25
30.8%
21.7%
Q1 25
20.0%
17.4%
Q4 24
15.3%
19.2%
Q3 24
9.2%
21.0%
Net Margin
HL
HL
IEX
IEX
Q2 26
30.1%
Q1 26
31.5%
Q4 25
30.0%
14.3%
Q3 25
24.6%
14.5%
Q2 25
19.0%
15.2%
Q1 25
11.0%
11.7%
Q4 24
4.8%
14.3%
Q3 24
0.7%
14.9%
EPS (diluted)
HL
HL
IEX
IEX
Q2 26
$1.61
Q1 26
$1.71
Q4 25
$0.20
$1.71
Q3 25
$0.15
$1.70
Q2 25
$0.09
$1.74
Q1 25
$0.05
$1.26
Q4 24
$0.03
$1.61
Q3 24
$0.00
$1.57

Balance Sheet & Financial Strength

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

Metric
HL
HL
IEX
IEX
Cash + ST InvestmentsLiquidity on hand
$301.2M
$586.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
$4.0B
Total Assets
$3.6B
$6.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HL
HL
IEX
IEX
Q2 26
$586.2M
Q1 26
$580.0M
Q4 25
$301.2M
$580.0M
Q3 25
$133.9M
$593.8M
Q2 25
$296.6M
$568.2M
Q1 25
$23.7M
$594.1M
Q4 24
$26.9M
$620.8M
Q3 24
$22.3M
$633.2M
Total Debt
HL
HL
IEX
IEX
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
Stockholders' Equity
HL
HL
IEX
IEX
Q2 26
$4.0B
Q1 26
$4.0B
Q4 25
$2.6B
$4.0B
Q3 25
$2.4B
$4.0B
Q2 25
$2.3B
$4.0B
Q1 25
$2.1B
$3.9B
Q4 24
$2.0B
$3.8B
Q3 24
$2.0B
$3.8B
Total Assets
HL
HL
IEX
IEX
Q2 26
$6.9B
Q1 26
$6.9B
Q4 25
$3.6B
$6.9B
Q3 25
$3.2B
$7.0B
Q2 25
$3.3B
$6.9B
Q1 25
$3.0B
$6.8B
Q4 24
$3.0B
$6.7B
Q3 24
$3.0B
$7.0B
Debt / Equity
HL
HL
IEX
IEX
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
HL
HL
IEX
IEX
Operating Cash FlowLast quarter
$217.1M
Free Cash FlowOCF − Capex
$134.7M
$86.0M
FCF MarginFCF / Revenue
30.1%
21.6%
Capex IntensityCapex / Revenue
18.4%
4.4%
Cash ConversionOCF / Net Profit
1.61×
TTM Free Cash FlowTrailing 4 quarters
$310.2M
$654.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HL
HL
IEX
IEX
Q2 26
Q1 26
Q4 25
$217.1M
$209.5M
Q3 25
$148.0M
$203.5M
Q2 25
$161.8M
$161.7M
Q1 25
$35.7M
$105.7M
Q4 24
$67.5M
$172.6M
Q3 24
$55.0M
$205.3M
Free Cash Flow
HL
HL
IEX
IEX
Q2 26
$86.0M
Q1 26
$189.8M
Q4 25
$134.7M
$189.8M
Q3 25
$90.1M
$188.7M
Q2 25
$103.8M
$146.9M
Q1 25
$-18.4M
$91.4M
Q4 24
$6.7M
$157.1M
Q3 24
$-690.0K
$191.6M
FCF Margin
HL
HL
IEX
IEX
Q2 26
21.6%
Q1 26
46.6%
Q4 25
30.1%
21.1%
Q3 25
22.0%
21.5%
Q2 25
34.1%
17.0%
Q1 25
-7.0%
11.2%
Q4 24
2.7%
18.2%
Q3 24
-0.3%
24.0%
Capex Intensity
HL
HL
IEX
IEX
Q2 26
4.4%
Q1 26
15.6%
Q4 25
18.4%
2.2%
Q3 25
14.1%
1.7%
Q2 25
19.1%
1.7%
Q1 25
20.7%
1.8%
Q4 24
24.3%
1.8%
Q3 24
22.7%
1.7%
Cash Conversion
HL
HL
IEX
IEX
Q2 26
Q1 26
Q4 25
1.61×
1.63×
Q3 25
1.47×
1.59×
Q2 25
2.80×
1.23×
Q1 25
1.24×
1.11×
Q4 24
5.66×
1.40×
Q3 24
31.24×
1.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HL
HL

Silver Contracts$258.5M58%
Gold$129.2M29%
Zinc$30.3M7%
Lead$23.3M5%
Environmental Remediation Services$9.2M2%

IEX
IEX

Segment breakdown not available.

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