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Side-by-side financial comparison of IDEX Corporation (IEX) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $326.2M, roughly 1.2× New Fortress Energy Inc.). IDEX Corporation runs the higher net margin — 30.1% vs -259.7%, a 289.8% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs -7.0%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-134.8M). Over the past eight quarters, New Fortress Energy Inc.'s revenue compounded faster (-26.8% 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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
IEX vs NFE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $326.2M |
| Net Profit | $120.0M | $-847.1M |
| Gross Margin | 99.9% | 35.5% |
| Operating Margin | 43.3% | -193.0% |
| Net Margin | 30.1% | -259.7% |
| Revenue YoY | 16.7% | -7.0% |
| Net Profit YoY | 25.7% | -277.4% |
| EPS (diluted) | $1.61 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $878.7M | $240.3M | ||
| Q2 25 | $865.4M | $228.1M | ||
| Q1 25 | $814.3M | $384.9M | ||
| Q4 24 | $862.9M | $350.7M | ||
| Q3 24 | $798.2M | $446.0M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | $-847.1M | ||
| Q3 25 | $127.8M | $-263.0M | ||
| Q2 25 | $131.6M | $-546.5M | ||
| Q1 25 | $95.5M | $-175.4M | ||
| Q4 24 | $123.2M | $-224.4M | ||
| Q3 24 | $119.1M | $9.3M |
| Q2 26 | 99.9% | — | ||
| Q1 26 | 94.9% | — | ||
| Q4 25 | 43.1% | 35.5% | ||
| Q3 25 | 44.5% | 18.1% | ||
| Q2 25 | 45.3% | 8.4% | ||
| Q1 25 | 45.3% | 21.4% | ||
| Q4 24 | 42.5% | 17.6% | ||
| Q3 24 | 44.3% | 27.1% |
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | — | ||
| Q4 25 | 20.4% | -193.0% | ||
| Q3 25 | 21.1% | -37.4% | ||
| Q2 25 | 21.7% | -170.3% | ||
| Q1 25 | 17.4% | -3.3% | ||
| Q4 24 | 19.2% | 65.0% | ||
| Q3 24 | 21.0% | 17.8% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | -259.7% | ||
| Q3 25 | 14.5% | -109.4% | ||
| Q2 25 | 15.2% | -239.6% | ||
| Q1 25 | 11.7% | -45.6% | ||
| Q4 24 | 14.3% | -64.0% | ||
| Q3 24 | 14.9% | 2.1% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | $-3.03 | ||
| Q3 25 | $1.70 | $-0.96 | ||
| Q2 25 | $1.74 | $-1.99 | ||
| Q1 25 | $1.26 | $-0.65 | ||
| Q4 24 | $1.61 | $-1.10 | ||
| Q3 24 | $1.57 | $0.03 |
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 | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $4.0B | $182.6M |
| Total Assets | $6.9B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | $226.5M | ||
| Q3 25 | $593.8M | $145.2M | ||
| Q2 25 | $568.2M | $551.1M | ||
| Q1 25 | $594.1M | $447.9M | ||
| Q4 24 | $620.8M | $492.9M | ||
| Q3 24 | $633.2M | $90.8M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $8.2B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $8.9B | ||
| Q3 24 | $2.1B | — |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $182.6M | ||
| Q3 25 | $4.0B | $1.1B | ||
| Q2 25 | $4.0B | $1.3B | ||
| Q1 25 | $3.9B | $1.8B | ||
| Q4 24 | $3.8B | $1.9B | ||
| Q3 24 | $3.8B | $1.6B |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $10.6B | ||
| Q3 25 | $7.0B | $12.0B | ||
| Q2 25 | $6.9B | $12.0B | ||
| Q1 25 | $6.8B | $13.1B | ||
| Q4 24 | $6.7B | $12.9B | ||
| Q3 24 | $7.0B | $12.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 44.78× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.52× | 4.74× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-76.2M |
| Free Cash FlowOCF − Capex | $86.0M | $-134.8M |
| FCF MarginFCF / Revenue | 21.6% | -41.3% |
| Capex IntensityCapex / Revenue | 4.4% | 18.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $-76.2M | ||
| Q3 25 | $203.5M | $-171.0M | ||
| Q2 25 | $161.7M | $-329.0M | ||
| Q1 25 | $105.7M | $-7.2M | ||
| Q4 24 | $172.6M | $445.3M | ||
| Q3 24 | $205.3M | $-20.0M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $-134.8M | ||
| Q3 25 | $188.7M | $-231.6M | ||
| Q2 25 | $146.9M | $-726.7M | ||
| Q1 25 | $91.4M | $-262.3M | ||
| Q4 24 | $157.1M | $-210.3M | ||
| Q3 24 | $191.6M | $-367.0M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | -41.3% | ||
| Q3 25 | 21.5% | -96.4% | ||
| Q2 25 | 17.0% | -318.6% | ||
| Q1 25 | 11.2% | -68.2% | ||
| Q4 24 | 18.2% | -60.0% | ||
| Q3 24 | 24.0% | -82.3% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 18.0% | ||
| Q3 25 | 1.7% | 25.2% | ||
| Q2 25 | 1.7% | 174.4% | ||
| Q1 25 | 1.8% | 66.3% | ||
| Q4 24 | 1.8% | 187.0% | ||
| Q3 24 | 1.7% | 77.8% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 1.72× | -2.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
