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Side-by-side financial comparison of IDEX Corporation (IEX) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.
Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $398.4M, roughly 1.1× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 6.9%, a 23.3% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs -9.3%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $28.5M). Over the past eight quarters, Koppers Holdings Inc.'s revenue compounded faster (-6.7% CAGR vs -29.4%).
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.
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.
IEX vs KOP — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $432.7M |
| Net Profit | $120.0M | $29.7M |
| Gross Margin | 99.9% | 25.6% |
| Operating Margin | 43.3% | 11.5% |
| Net Margin | 30.1% | 6.9% |
| Revenue YoY | 16.7% | -9.3% |
| Net Profit YoY | 25.7% | 391.2% |
| EPS (diluted) | $1.61 | $1.44 |
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 | $899.1M | $432.7M | ||
| Q3 25 | $878.7M | $485.3M | ||
| Q2 25 | $865.4M | $504.8M | ||
| Q1 25 | $814.3M | $456.5M | ||
| Q4 24 | $862.9M | $477.0M | ||
| Q3 24 | $798.2M | $554.3M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | $29.7M | ||
| Q3 25 | $127.8M | $23.8M | ||
| Q2 25 | $131.6M | $16.4M | ||
| Q1 25 | $95.5M | $-13.9M | ||
| Q4 24 | $123.2M | $-10.2M | ||
| Q3 24 | $119.1M | $22.8M |
| Q2 26 | 99.9% | — | ||
| Q1 26 | 94.9% | — | ||
| Q4 25 | 43.1% | 25.6% | ||
| Q3 25 | 44.5% | 24.1% | ||
| Q2 25 | 45.3% | 22.6% | ||
| Q1 25 | 45.3% | 23.2% | ||
| Q4 24 | 42.5% | 17.5% | ||
| Q3 24 | 44.3% | 21.9% |
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | — | ||
| Q4 25 | 20.4% | 11.5% | ||
| Q3 25 | 21.1% | 10.7% | ||
| Q2 25 | 21.7% | 7.7% | ||
| Q1 25 | 17.4% | 5.9% | ||
| Q4 24 | 19.2% | 1.3% | ||
| Q3 24 | 21.0% | 9.0% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | 6.9% | ||
| Q3 25 | 14.5% | 4.9% | ||
| Q2 25 | 15.2% | 3.2% | ||
| Q1 25 | 11.7% | -3.0% | ||
| Q4 24 | 14.3% | -2.1% | ||
| Q3 24 | 14.9% | 4.1% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | $1.44 | ||
| Q3 25 | $1.70 | $1.17 | ||
| Q2 25 | $1.74 | $0.81 | ||
| Q1 25 | $1.26 | $-0.68 | ||
| Q4 24 | $1.61 | $-0.47 | ||
| Q3 24 | $1.57 | $1.09 |
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 | — | $928.3M |
| Stockholders' EquityBook value | $4.0B | $574.0M |
| Total Assets | $6.9B | $1.9B |
| Debt / EquityLower = less leverage | — | 1.62× |
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 | $928.3M | ||
| Q3 25 | $1.9B | $932.9M | ||
| Q2 25 | $1.9B | $977.5M | ||
| Q1 25 | $2.0B | $989.0M | ||
| Q4 24 | $2.0B | $939.5M | ||
| Q3 24 | $2.1B | $989.4M |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $574.0M | ||
| Q3 25 | $4.0B | $545.6M | ||
| Q2 25 | $4.0B | $526.8M | ||
| Q1 25 | $3.9B | $498.0M | ||
| Q4 24 | $3.8B | $488.7M | ||
| Q3 24 | $3.8B | $532.3M |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $1.9B | ||
| Q3 25 | $7.0B | $1.9B | ||
| Q2 25 | $6.9B | $1.9B | ||
| Q1 25 | $6.8B | $1.9B | ||
| Q4 24 | $6.7B | $1.9B | ||
| Q3 24 | $7.0B | $2.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 1.62× | ||
| Q3 25 | 0.48× | 1.71× | ||
| Q2 25 | 0.46× | 1.86× | ||
| Q1 25 | 0.50× | 1.99× | ||
| Q4 24 | 0.52× | 1.92× | ||
| Q3 24 | 0.55× | 1.86× |
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 | — | $45.1M |
| Free Cash FlowOCF − Capex | $86.0M | $28.5M |
| FCF MarginFCF / Revenue | 21.6% | 6.6% |
| Capex IntensityCapex / Revenue | 4.4% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $45.1M | ||
| Q3 25 | $203.5M | $49.6M | ||
| Q2 25 | $161.7M | $50.5M | ||
| Q1 25 | $105.7M | $-22.7M | ||
| Q4 24 | $172.6M | $74.7M | ||
| Q3 24 | $205.3M | $29.8M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $28.5M | ||
| Q3 25 | $188.7M | $37.6M | ||
| Q2 25 | $146.9M | $38.4M | ||
| Q1 25 | $91.4M | $-37.0M | ||
| Q4 24 | $157.1M | $56.1M | ||
| Q3 24 | $191.6M | $14.4M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | 6.6% | ||
| Q3 25 | 21.5% | 7.7% | ||
| Q2 25 | 17.0% | 7.6% | ||
| Q1 25 | 11.2% | -8.1% | ||
| Q4 24 | 18.2% | 11.8% | ||
| Q3 24 | 24.0% | 2.6% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 3.8% | ||
| Q3 25 | 1.7% | 2.5% | ||
| Q2 25 | 1.7% | 2.4% | ||
| Q1 25 | 1.8% | 3.1% | ||
| Q4 24 | 1.8% | 3.9% | ||
| Q3 24 | 1.7% | 2.8% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 1.52× | ||
| Q3 25 | 1.59× | 2.08× | ||
| Q2 25 | 1.23× | 3.08× | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 1.72× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
