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Side-by-side financial comparison of IDEX Corporation (IEX) and Microchip Technology (MCHP). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.3B vs $398.4M, roughly 3.3× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 11.0%, a 19.1% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs -72.2%). Microchip Technology produced more free cash flow last quarter ($242.8M vs $86.0M). Over the past eight quarters, Microchip Technology's revenue compounded faster (2.8% 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.
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
IEX vs MCHP — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $1.3B |
| Net Profit | $120.0M | $144.2M |
| Gross Margin | 99.9% | 61.0% |
| Operating Margin | 43.3% | 16.6% |
| Net Margin | 30.1% | 11.0% |
| Revenue YoY | 16.7% | -72.2% |
| Net Profit YoY | 25.7% | 8.9% |
| EPS (diluted) | $1.61 | $0.21 |
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 | $1.3B | ||
| Q4 25 | $899.1M | $1.2B | ||
| Q3 25 | $878.7M | $1.1B | ||
| Q2 25 | $865.4M | $1.1B | ||
| Q1 25 | $814.3M | $970.5M | ||
| Q4 24 | $862.9M | $1.0B | ||
| Q3 24 | $798.2M | $1.2B |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | $144.2M | ||
| Q4 25 | $128.3M | $62.7M | ||
| Q3 25 | $127.8M | $41.7M | ||
| Q2 25 | $131.6M | $-18.6M | ||
| Q1 25 | $95.5M | $-154.6M | ||
| Q4 24 | $123.2M | $-53.6M | ||
| Q3 24 | $119.1M | $78.4M |
| Q2 26 | 99.9% | — | ||
| Q1 26 | 94.9% | 61.0% | ||
| Q4 25 | 43.1% | 59.6% | ||
| Q3 25 | 44.5% | 55.9% | ||
| Q2 25 | 45.3% | 53.6% | ||
| Q1 25 | 45.3% | 51.6% | ||
| Q4 24 | 42.5% | 54.7% | ||
| Q3 24 | 44.3% | 57.4% |
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | 16.6% | ||
| Q4 25 | 20.4% | 12.8% | ||
| Q3 25 | 21.1% | 7.8% | ||
| Q2 25 | 21.7% | 3.0% | ||
| Q1 25 | 17.4% | -10.3% | ||
| Q4 24 | 19.2% | 3.0% | ||
| Q3 24 | 21.0% | 12.6% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | 11.0% | ||
| Q4 25 | 14.3% | 5.3% | ||
| Q3 25 | 14.5% | 3.7% | ||
| Q2 25 | 15.2% | -1.7% | ||
| Q1 25 | 11.7% | -15.9% | ||
| Q4 24 | 14.3% | -5.2% | ||
| Q3 24 | 14.9% | 6.7% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | $0.21 | ||
| Q4 25 | $1.71 | $0.06 | ||
| Q3 25 | $1.70 | $0.03 | ||
| Q2 25 | $1.74 | $-0.09 | ||
| Q1 25 | $1.26 | $-0.29 | ||
| Q4 24 | $1.61 | $-0.10 | ||
| Q3 24 | $1.57 | $0.14 |
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 | $240.3M |
| Total DebtLower is stronger | — | $5.5B |
| Stockholders' EquityBook value | $4.0B | $6.4B |
| Total Assets | $6.9B | $14.4B |
| Debt / EquityLower = less leverage | — | 0.85× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | $240.3M | ||
| Q4 25 | $580.0M | $250.7M | ||
| Q3 25 | $593.8M | $236.8M | ||
| Q2 25 | $568.2M | $566.5M | ||
| Q1 25 | $594.1M | $771.7M | ||
| Q4 24 | $620.8M | $586.0M | ||
| Q3 24 | $633.2M | $286.1M |
| Q2 26 | — | — | ||
| Q1 26 | — | $5.5B | ||
| Q4 25 | $1.8B | $5.4B | ||
| Q3 25 | $1.9B | $5.4B | ||
| Q2 25 | $1.9B | $5.5B | ||
| Q1 25 | $2.0B | $5.6B | ||
| Q4 24 | $2.0B | $6.7B | ||
| Q3 24 | $2.1B | $6.4B |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | $6.4B | ||
| Q4 25 | $4.0B | $6.6B | ||
| Q3 25 | $4.0B | $6.7B | ||
| Q2 25 | $4.0B | $6.9B | ||
| Q1 25 | $3.9B | $7.1B | ||
| Q4 24 | $3.8B | $6.0B | ||
| Q3 24 | $3.8B | $6.3B |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | $14.4B | ||
| Q4 25 | $6.9B | $14.3B | ||
| Q3 25 | $7.0B | $14.5B | ||
| Q2 25 | $6.9B | $15.0B | ||
| Q1 25 | $6.8B | $15.4B | ||
| Q4 24 | $6.7B | $15.6B | ||
| Q3 24 | $7.0B | $15.6B |
| Q2 26 | — | — | ||
| Q1 26 | — | 0.85× | ||
| Q4 25 | 0.45× | 0.82× | ||
| Q3 25 | 0.48× | 0.80× | ||
| Q2 25 | 0.46× | 0.80× | ||
| Q1 25 | 0.50× | 0.80× | ||
| Q4 24 | 0.52× | 1.12× | ||
| Q3 24 | 0.55× | 1.02× |
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 | $86.0M | $242.8M |
| FCF MarginFCF / Revenue | 21.6% | 18.5% |
| Capex IntensityCapex / Revenue | 4.4% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $871.0M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $341.4M | ||
| Q3 25 | $203.5M | $88.1M | ||
| Q2 25 | $161.7M | $275.6M | ||
| Q1 25 | $105.7M | $205.9M | ||
| Q4 24 | $172.6M | $271.5M | ||
| Q3 24 | $205.3M | $43.6M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | $242.8M | ||
| Q4 25 | $189.8M | $318.9M | ||
| Q3 25 | $188.7M | $51.6M | ||
| Q2 25 | $146.9M | $257.7M | ||
| Q1 25 | $91.4M | $191.7M | ||
| Q4 24 | $157.1M | $253.4M | ||
| Q3 24 | $191.6M | $22.8M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | 18.5% | ||
| Q4 25 | 21.1% | 26.9% | ||
| Q3 25 | 21.5% | 4.5% | ||
| Q2 25 | 17.0% | 24.0% | ||
| Q1 25 | 11.2% | 19.8% | ||
| Q4 24 | 18.2% | 24.7% | ||
| Q3 24 | 24.0% | 2.0% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | 1.1% | ||
| Q4 25 | 2.2% | 1.9% | ||
| Q3 25 | 1.7% | 3.2% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 1.8% | 1.5% | ||
| Q4 24 | 1.8% | 1.8% | ||
| Q3 24 | 1.7% | 1.8% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 5.44× | ||
| Q3 25 | 1.59× | 2.11× | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 1.72× | 0.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
