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Side-by-side financial comparison of IDEX Corporation (IEX) and ON Semiconductor (ON). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.6B vs $899.1M, roughly 1.7× IDEX Corporation). ON Semiconductor runs the higher net margin — 16.4% vs 14.3%, a 2.2% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (376.5% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $189.8M). Over the past eight quarters, IDEX Corporation's revenue compounded faster (5.5% CAGR vs -12.3%).
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.
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
IEX vs ON — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $899.1M | $1.6B |
| Net Profit | $128.3M | $255.0M |
| Gross Margin | 43.1% | 37.9% |
| Operating Margin | 20.4% | 17.0% |
| Net Margin | 14.3% | 16.4% |
| Revenue YoY | 376.5% | -10.0% |
| Net Profit YoY | 688.5% | -32.9% |
| EPS (diluted) | $1.71 | $0.63 |
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 | — | ||
| Q4 25 | $899.1M | $1.6B | ||
| Q3 25 | $878.7M | $1.5B | ||
| Q2 25 | $865.4M | $1.4B | ||
| Q1 25 | $814.3M | — | ||
| Q4 24 | $862.9M | $1.7B | ||
| Q3 24 | $798.2M | $1.8B | ||
| Q2 24 | $807.2M | $1.7B |
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | $255.0M | ||
| Q3 25 | $127.8M | $170.3M | ||
| Q2 25 | $131.6M | $-486.1M | ||
| Q1 25 | $95.5M | — | ||
| Q4 24 | $123.2M | $379.9M | ||
| Q3 24 | $119.1M | $401.7M | ||
| Q2 24 | $141.3M | $338.2M |
| Q1 26 | 43.1% | — | ||
| Q4 25 | 43.1% | 37.9% | ||
| Q3 25 | 44.5% | 37.6% | ||
| Q2 25 | 45.3% | 20.3% | ||
| Q1 25 | 45.3% | — | ||
| Q4 24 | 42.5% | 45.2% | ||
| Q3 24 | 44.3% | 45.4% | ||
| Q2 24 | 45.4% | 45.2% |
| Q1 26 | 20.4% | — | ||
| Q4 25 | 20.4% | 17.0% | ||
| Q3 25 | 21.1% | 13.2% | ||
| Q2 25 | 21.7% | -39.7% | ||
| Q1 25 | 17.4% | — | ||
| Q4 24 | 19.2% | 23.7% | ||
| Q3 24 | 21.0% | 25.3% | ||
| Q2 24 | 22.6% | 22.4% |
| Q1 26 | 14.3% | — | ||
| Q4 25 | 14.3% | 16.4% | ||
| Q3 25 | 14.5% | 11.6% | ||
| Q2 25 | 15.2% | -33.6% | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 14.3% | 22.1% | ||
| Q3 24 | 14.9% | 22.8% | ||
| Q2 24 | 17.5% | 19.5% |
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | $0.63 | ||
| Q3 25 | $1.70 | $0.41 | ||
| Q2 25 | $1.74 | $-1.15 | ||
| Q1 25 | $1.26 | — | ||
| Q4 24 | $1.61 | $0.88 | ||
| Q3 24 | $1.57 | $0.93 | ||
| Q2 24 | $1.86 | $0.78 |
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 | $2.9B |
| Total DebtLower is stronger | — | $3.4B |
| Stockholders' EquityBook value | $4.0B | $7.9B |
| Total Assets | $6.9B | $13.0B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | $2.9B | ||
| Q3 25 | $593.8M | $2.8B | ||
| Q2 25 | $568.2M | $3.0B | ||
| Q1 25 | $594.1M | — | ||
| Q4 24 | $620.8M | $3.0B | ||
| Q3 24 | $633.2M | $2.8B | ||
| Q2 24 | $700.7M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $3.4B | ||
| Q3 25 | $1.9B | $3.4B | ||
| Q2 25 | $1.9B | $3.4B | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $3.4B | ||
| Q3 24 | $2.1B | $3.4B | ||
| Q2 24 | $1.3B | $3.4B |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $7.9B | ||
| Q3 25 | $4.0B | $7.9B | ||
| Q2 25 | $4.0B | $8.0B | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.8B | $8.8B | ||
| Q3 24 | $3.8B | $8.6B | ||
| Q2 24 | $3.7B | $8.3B |
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $13.0B | ||
| Q3 25 | $7.0B | $13.1B | ||
| Q2 25 | $6.9B | $13.3B | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.7B | $14.1B | ||
| Q3 24 | $7.0B | $13.9B | ||
| Q2 24 | $5.9B | $13.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 0.43× | ||
| Q3 25 | 0.48× | 0.43× | ||
| Q2 25 | 0.46× | 0.42× | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.52× | 0.38× | ||
| Q3 24 | 0.55× | 0.39× | ||
| Q2 24 | 0.36× | 0.41× |
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 | — | $418.7M |
| Free Cash FlowOCF − Capex | $189.8M | $372.4M |
| FCF MarginFCF / Revenue | 21.1% | 24.0% |
| Capex IntensityCapex / Revenue | 7.1% | 3.0% |
| Cash ConversionOCF / Net Profit | — | 1.64× |
| TTM Free Cash FlowTrailing 4 quarters | $715.2M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $418.7M | ||
| Q3 25 | $203.5M | $184.3M | ||
| Q2 25 | $161.7M | $602.3M | ||
| Q1 25 | $105.7M | — | ||
| Q4 24 | $172.6M | $579.7M | ||
| Q3 24 | $205.3M | $465.8M | ||
| Q2 24 | $133.6M | $362.2M |
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $372.4M | ||
| Q3 25 | $188.7M | $106.1M | ||
| Q2 25 | $146.9M | $454.7M | ||
| Q1 25 | $91.4M | — | ||
| Q4 24 | $157.1M | $434.8M | ||
| Q3 24 | $191.6M | $293.6M | ||
| Q2 24 | $117.7M | $207.7M |
| Q1 26 | 21.1% | — | ||
| Q4 25 | 21.1% | 24.0% | ||
| Q3 25 | 21.5% | 7.2% | ||
| Q2 25 | 17.0% | 31.5% | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 18.2% | 25.2% | ||
| Q3 24 | 24.0% | 16.7% | ||
| Q2 24 | 14.6% | 12.0% |
| Q1 26 | 7.1% | — | ||
| Q4 25 | 2.2% | 3.0% | ||
| Q3 25 | 1.7% | 5.3% | ||
| Q2 25 | 1.7% | 10.2% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 1.8% | 8.4% | ||
| Q3 24 | 1.7% | 9.8% | ||
| Q2 24 | 2.0% | 8.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 1.64× | ||
| Q3 25 | 1.59× | 1.08× | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.40× | 1.53× | ||
| Q3 24 | 1.72× | 1.16× | ||
| Q2 24 | 0.95× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
