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Side-by-side financial comparison of IDEX Corporation (IEX) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $899.1M, roughly 1.1× IDEX Corporation). IDEX Corporation runs the higher net margin — 14.3% vs 2.2%, a 12.1% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (376.5% vs 4.5%). Over the past eight quarters, IDEX Corporation's revenue compounded faster (5.5% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
IEX vs LBRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $899.1M | $1.0B |
| Net Profit | $128.3M | $22.6M |
| Gross Margin | 43.1% | — |
| Operating Margin | 20.4% | 2.2% |
| Net Margin | 14.3% | 2.2% |
| Revenue YoY | 376.5% | 4.5% |
| Net Profit YoY | 688.5% | 64.8% |
| EPS (diluted) | $1.71 | $0.14 |
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.
| Q1 26 | $899.1M | $1.0B | ||
| Q4 25 | $899.1M | $1.0B | ||
| Q3 25 | $878.7M | $947.4M | ||
| Q2 25 | $865.4M | $1.0B | ||
| Q1 25 | $814.3M | $977.5M | ||
| Q4 24 | $862.9M | $943.6M | ||
| Q3 24 | $798.2M | $1.1B | ||
| Q2 24 | $807.2M | $1.2B |
| Q1 26 | $128.3M | $22.6M | ||
| Q4 25 | $128.3M | $13.7M | ||
| Q3 25 | $127.8M | $43.1M | ||
| Q2 25 | $131.6M | $71.0M | ||
| Q1 25 | $95.5M | $20.1M | ||
| Q4 24 | $123.2M | $51.9M | ||
| Q3 24 | $119.1M | $73.8M | ||
| Q2 24 | $141.3M | $108.4M |
| Q1 26 | 43.1% | — | ||
| Q4 25 | 43.1% | 20.6% | ||
| Q3 25 | 44.5% | 18.7% | ||
| Q2 25 | 45.3% | 22.1% | ||
| Q1 25 | 45.3% | 22.1% | ||
| Q4 24 | 42.5% | 21.4% | ||
| Q3 24 | 44.3% | 26.2% | ||
| Q2 24 | 45.4% | 27.9% |
| Q1 26 | 20.4% | 2.2% | ||
| Q4 25 | 20.4% | 1.9% | ||
| Q3 25 | 21.1% | -0.3% | ||
| Q2 25 | 21.7% | 3.6% | ||
| Q1 25 | 17.4% | 1.9% | ||
| Q4 24 | 19.2% | 2.6% | ||
| Q3 24 | 21.0% | 9.4% | ||
| Q2 24 | 22.6% | 12.2% |
| Q1 26 | 14.3% | 2.2% | ||
| Q4 25 | 14.3% | 1.3% | ||
| Q3 25 | 14.5% | 4.5% | ||
| Q2 25 | 15.2% | 6.8% | ||
| Q1 25 | 11.7% | 2.1% | ||
| Q4 24 | 14.3% | 5.5% | ||
| Q3 24 | 14.9% | 6.5% | ||
| Q2 24 | 17.5% | 9.3% |
| Q1 26 | $1.71 | $0.14 | ||
| Q4 25 | $1.71 | $0.08 | ||
| Q3 25 | $1.70 | $0.26 | ||
| Q2 25 | $1.74 | $0.43 | ||
| Q1 25 | $1.26 | $0.12 | ||
| Q4 24 | $1.61 | $0.31 | ||
| Q3 24 | $1.57 | $0.44 | ||
| Q2 24 | $1.86 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $580.0M | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $4.0B | $1.9B |
| Total Assets | $6.9B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $580.0M | $699.1M | ||
| Q4 25 | $580.0M | $27.6M | ||
| Q3 25 | $593.8M | $13.5M | ||
| Q2 25 | $568.2M | $19.6M | ||
| Q1 25 | $594.1M | $24.1M | ||
| Q4 24 | $620.8M | $20.0M | ||
| Q3 24 | $633.2M | $23.0M | ||
| Q2 24 | $700.7M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $1.8B | $246.6M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $190.5M | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | $4.0B | $1.9B | ||
| Q4 25 | $4.0B | $2.1B | ||
| Q3 25 | $4.0B | $2.1B | ||
| Q2 25 | $4.0B | $2.0B | ||
| Q1 25 | $3.9B | $2.0B | ||
| Q4 24 | $3.8B | $2.0B | ||
| Q3 24 | $3.8B | $2.0B | ||
| Q2 24 | $3.7B | $1.9B |
| Q1 26 | $6.9B | $4.4B | ||
| Q4 25 | $6.9B | $3.6B | ||
| Q3 25 | $7.0B | $3.5B | ||
| Q2 25 | $6.9B | $3.4B | ||
| Q1 25 | $6.8B | $3.4B | ||
| Q4 24 | $6.7B | $3.3B | ||
| Q3 24 | $7.0B | $3.3B | ||
| Q2 24 | $5.9B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.45× | 0.12× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.52× | 0.10× | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.36× | — |
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 | — | — |
| Free Cash FlowOCF − Capex | $189.8M | — |
| FCF MarginFCF / Revenue | 21.1% | — |
| Capex IntensityCapex / Revenue | 7.1% | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $715.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $195.4M | ||
| Q3 25 | $203.5M | $51.5M | ||
| Q2 25 | $161.7M | $170.6M | ||
| Q1 25 | $105.7M | $192.1M | ||
| Q4 24 | $172.6M | $177.3M | ||
| Q3 24 | $205.3M | $244.5M | ||
| Q2 24 | $133.6M | $248.2M |
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $-10.0M | ||
| Q3 25 | $188.7M | $-67.2M | ||
| Q2 25 | $146.9M | $33.1M | ||
| Q1 25 | $91.4M | $58.2M | ||
| Q4 24 | $157.1M | $-26.2M | ||
| Q3 24 | $191.6M | $77.9M | ||
| Q2 24 | $117.7M | $112.2M |
| Q1 26 | 21.1% | — | ||
| Q4 25 | 21.1% | -1.0% | ||
| Q3 25 | 21.5% | -7.1% | ||
| Q2 25 | 17.0% | 3.2% | ||
| Q1 25 | 11.2% | 6.0% | ||
| Q4 24 | 18.2% | -2.8% | ||
| Q3 24 | 24.0% | 6.8% | ||
| Q2 24 | 14.6% | 9.7% |
| Q1 26 | 7.1% | 13.1% | ||
| Q4 25 | 2.2% | 19.8% | ||
| Q3 25 | 1.7% | 12.5% | ||
| Q2 25 | 1.7% | 13.2% | ||
| Q1 25 | 1.8% | 13.7% | ||
| Q4 24 | 1.8% | 21.6% | ||
| Q3 24 | 1.7% | 14.6% | ||
| Q2 24 | 2.0% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 14.28× | ||
| Q3 25 | 1.59× | 1.20× | ||
| Q2 25 | 1.23× | 2.40× | ||
| Q1 25 | 1.11× | 9.55× | ||
| Q4 24 | 1.40× | 3.42× | ||
| Q3 24 | 1.72× | 3.31× | ||
| Q2 24 | 0.95× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
