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Side-by-side financial comparison of IDEX Corporation (IEX) and OLD NATIONAL BANCORP (ONB). Click either name above to swap in a different company.

OLD NATIONAL BANCORP is the larger business by last-quarter revenue ($702.8M vs $398.4M, roughly 1.8× IDEX Corporation). OLD NATIONAL BANCORP runs the higher net margin — 33.3% vs 30.1%, a 3.1% gap on every dollar of revenue. On growth, OLD NATIONAL BANCORP posted the faster year-over-year revenue change (44.4% vs 16.7%). Over the past eight quarters, OLD NATIONAL BANCORP's revenue compounded faster (34.5% 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.

Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin.

IEX vs ONB — Head-to-Head

Bigger by revenue
ONB
ONB
1.8× larger
ONB
$702.8M
$398.4M
IEX
Growing faster (revenue YoY)
ONB
ONB
+27.7% gap
ONB
44.4%
16.7%
IEX
Higher net margin
ONB
ONB
3.1% more per $
ONB
33.3%
30.1%
IEX
Faster 2-yr revenue CAGR
ONB
ONB
Annualised
ONB
34.5%
-29.4%
IEX

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
IEX
IEX
ONB
ONB
Revenue
$398.4M
$702.8M
Net Profit
$120.0M
$233.7M
Gross Margin
99.9%
Operating Margin
43.3%
Net Margin
30.1%
33.3%
Revenue YoY
16.7%
44.4%
Net Profit YoY
25.7%
61.5%
EPS (diluted)
$1.61

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.

Revenue
IEX
IEX
ONB
ONB
Q2 26
$398.4M
Q1 26
$407.7M
$702.8M
Q4 25
$899.1M
$580.8M
Q3 25
$878.7M
$574.6M
Q2 25
$865.4M
$514.8M
Q1 25
$814.3M
$387.6M
Q4 24
$862.9M
$394.2M
Q3 24
$798.2M
$391.7M
Net Profit
IEX
IEX
ONB
ONB
Q2 26
$120.0M
Q1 26
$128.3M
$233.7M
Q4 25
$128.3M
$216.6M
Q3 25
$127.8M
$182.6M
Q2 25
$131.6M
$125.4M
Q1 25
$95.5M
$144.7M
Q4 24
$123.2M
$153.9M
Q3 24
$119.1M
$143.8M
Gross Margin
IEX
IEX
ONB
ONB
Q2 26
99.9%
Q1 26
94.9%
Q4 25
43.1%
Q3 25
44.5%
Q2 25
45.3%
Q1 25
45.3%
Q4 24
42.5%
Q3 24
44.3%
Operating Margin
IEX
IEX
ONB
ONB
Q2 26
43.3%
Q1 26
45.0%
Q4 25
20.4%
46.7%
Q3 25
21.1%
40.5%
Q2 25
21.7%
30.2%
Q1 25
17.4%
46.8%
Q4 24
19.2%
47.2%
Q3 24
21.0%
47.2%
Net Margin
IEX
IEX
ONB
ONB
Q2 26
30.1%
Q1 26
31.5%
33.3%
Q4 25
14.3%
37.3%
Q3 25
14.5%
31.8%
Q2 25
15.2%
24.4%
Q1 25
11.7%
37.3%
Q4 24
14.3%
39.0%
Q3 24
14.9%
36.7%
EPS (diluted)
IEX
IEX
ONB
ONB
Q2 26
$1.61
Q1 26
$1.71
Q4 25
$1.71
$0.55
Q3 25
$1.70
$0.46
Q2 25
$1.74
$0.34
Q1 25
$1.26
$0.44
Q4 24
$1.61
$0.47
Q3 24
$1.57
$0.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IEX
IEX
ONB
ONB
Cash + ST InvestmentsLiquidity on hand
$586.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.0B
$8.5B
Total Assets
$6.9B
$73.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IEX
IEX
ONB
ONB
Q2 26
$586.2M
Q1 26
$580.0M
Q4 25
$580.0M
$1.8B
Q3 25
$593.8M
$1.7B
Q2 25
$568.2M
$1.8B
Q1 25
$594.1M
$1.2B
Q4 24
$620.8M
$1.2B
Q3 24
$633.2M
$1.2B
Total Debt
IEX
IEX
ONB
ONB
Q2 26
Q1 26
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$1.9B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.1B
Stockholders' Equity
IEX
IEX
ONB
ONB
Q2 26
$4.0B
Q1 26
$4.0B
$8.5B
Q4 25
$4.0B
$8.5B
Q3 25
$4.0B
$8.3B
Q2 25
$4.0B
$8.1B
Q1 25
$3.9B
$6.5B
Q4 24
$3.8B
$6.3B
Q3 24
$3.8B
$6.4B
Total Assets
IEX
IEX
ONB
ONB
Q2 26
$6.9B
Q1 26
$6.9B
$73.0B
Q4 25
$6.9B
$72.2B
Q3 25
$7.0B
$71.2B
Q2 25
$6.9B
$71.0B
Q1 25
$6.8B
$53.9B
Q4 24
$6.7B
$53.6B
Q3 24
$7.0B
$53.6B
Debt / Equity
IEX
IEX
ONB
ONB
Q2 26
Q1 26
Q4 25
0.45×
Q3 25
0.48×
Q2 25
0.46×
Q1 25
0.50×
Q4 24
0.52×
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
IEX
IEX
ONB
ONB
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$86.0M
FCF MarginFCF / Revenue
21.6%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$654.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IEX
IEX
ONB
ONB
Q2 26
Q1 26
Q4 25
$209.5M
$159.2M
Q3 25
$203.5M
$341.2M
Q2 25
$161.7M
$72.9M
Q1 25
$105.7M
$108.2M
Q4 24
$172.6M
$235.8M
Q3 24
$205.3M
$121.3M
Free Cash Flow
IEX
IEX
ONB
ONB
Q2 26
$86.0M
Q1 26
$189.8M
Q4 25
$189.8M
$137.3M
Q3 25
$188.7M
$333.6M
Q2 25
$146.9M
$64.1M
Q1 25
$91.4M
$102.4M
Q4 24
$157.1M
$229.0M
Q3 24
$191.6M
$115.7M
FCF Margin
IEX
IEX
ONB
ONB
Q2 26
21.6%
Q1 26
46.6%
Q4 25
21.1%
23.6%
Q3 25
21.5%
58.1%
Q2 25
17.0%
12.4%
Q1 25
11.2%
26.4%
Q4 24
18.2%
58.1%
Q3 24
24.0%
29.5%
Capex Intensity
IEX
IEX
ONB
ONB
Q2 26
4.4%
Q1 26
15.6%
Q4 25
2.2%
3.8%
Q3 25
1.7%
1.3%
Q2 25
1.7%
1.7%
Q1 25
1.8%
1.5%
Q4 24
1.8%
1.7%
Q3 24
1.7%
1.4%
Cash Conversion
IEX
IEX
ONB
ONB
Q2 26
Q1 26
Q4 25
1.63×
0.73×
Q3 25
1.59×
1.87×
Q2 25
1.23×
0.58×
Q1 25
1.11×
0.75×
Q4 24
1.40×
1.53×
Q3 24
1.72×
0.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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