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Side-by-side financial comparison of IDEX Corporation (IEX) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $242.1M, roughly 1.6× ONESPAWORLD HOLDINGS Ltd). IDEX Corporation runs the higher net margin — 30.1% vs 5.0%, a 25.1% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 11.5%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
IEX vs OSW — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $242.1M |
| Net Profit | $120.0M | $12.1M |
| Gross Margin | 99.9% | — |
| Operating Margin | 43.3% | 6.8% |
| Net Margin | 30.1% | 5.0% |
| Revenue YoY | 16.7% | 11.5% |
| Net Profit YoY | 25.7% | -16.2% |
| EPS (diluted) | $1.61 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $878.7M | $258.5M | ||
| Q2 25 | $865.4M | $240.7M | ||
| Q1 25 | $814.3M | $219.6M | ||
| Q4 24 | $862.9M | $217.2M | ||
| Q3 24 | $798.2M | $241.7M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | $12.1M | ||
| Q3 25 | $127.8M | $24.3M | ||
| Q2 25 | $131.6M | $19.9M | ||
| Q1 25 | $95.5M | $15.3M | ||
| Q4 24 | $123.2M | $14.4M | ||
| Q3 24 | $119.1M | $21.6M |
| 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% | — |
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | — | ||
| Q4 25 | 20.4% | 6.8% | ||
| Q3 25 | 21.1% | 10.2% | ||
| Q2 25 | 21.7% | 9.2% | ||
| Q1 25 | 17.4% | 7.7% | ||
| Q4 24 | 19.2% | 7.9% | ||
| Q3 24 | 21.0% | 10.3% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | 5.0% | ||
| Q3 25 | 14.5% | 9.4% | ||
| Q2 25 | 15.2% | 8.3% | ||
| Q1 25 | 11.7% | 7.0% | ||
| Q4 24 | 14.3% | 6.6% | ||
| Q3 24 | 14.9% | 8.9% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | $0.12 | ||
| Q3 25 | $1.70 | $0.23 | ||
| Q2 25 | $1.74 | $0.19 | ||
| Q1 25 | $1.26 | $0.15 | ||
| Q4 24 | $1.61 | $0.13 | ||
| Q3 24 | $1.57 | $0.20 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $4.0B | $542.6M |
| Total Assets | $6.9B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | $16.3M | ||
| Q3 25 | $593.8M | $29.6M | ||
| Q2 25 | $568.2M | $35.0M | ||
| Q1 25 | $594.1M | $22.6M | ||
| Q4 24 | $620.8M | $57.4M | ||
| Q3 24 | $633.2M | $48.8M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $84.0M | ||
| Q3 25 | $1.9B | $85.2M | ||
| Q2 25 | $1.9B | $96.2M | ||
| Q1 25 | $2.0B | $97.4M | ||
| Q4 24 | $2.0B | $98.6M | ||
| Q3 24 | $2.1B | $98.7M |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $542.6M | ||
| Q3 25 | $4.0B | $552.8M | ||
| Q2 25 | $4.0B | $548.3M | ||
| Q1 25 | $3.9B | $530.6M | ||
| Q4 24 | $3.8B | $554.5M | ||
| Q3 24 | $3.8B | $540.1M |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $707.1M | ||
| Q3 25 | $7.0B | $732.6M | ||
| Q2 25 | $6.9B | $731.8M | ||
| Q1 25 | $6.8B | $708.7M | ||
| Q4 24 | $6.7B | $746.4M | ||
| Q3 24 | $7.0B | $734.0M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 0.15× | ||
| Q3 25 | 0.48× | 0.15× | ||
| Q2 25 | 0.46× | 0.18× | ||
| Q1 25 | 0.50× | 0.18× | ||
| Q4 24 | 0.52× | 0.18× | ||
| Q3 24 | 0.55× | 0.18× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | $86.0M | $14.9M |
| FCF MarginFCF / Revenue | 21.6% | 6.2% |
| Capex IntensityCapex / Revenue | 4.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $20.0M | ||
| Q3 25 | $203.5M | $33.2M | ||
| Q2 25 | $161.7M | $20.3M | ||
| Q1 25 | $105.7M | $10.1M | ||
| Q4 24 | $172.6M | $16.6M | ||
| Q3 24 | $205.3M | $28.6M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $14.9M | ||
| Q3 25 | $188.7M | $27.6M | ||
| Q2 25 | $146.9M | $17.6M | ||
| Q1 25 | $91.4M | $8.4M | ||
| Q4 24 | $157.1M | $13.2M | ||
| Q3 24 | $191.6M | $27.5M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | 6.2% | ||
| Q3 25 | 21.5% | 10.7% | ||
| Q2 25 | 17.0% | 7.3% | ||
| Q1 25 | 11.2% | 3.8% | ||
| Q4 24 | 18.2% | 6.1% | ||
| Q3 24 | 24.0% | 11.4% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 2.1% | ||
| Q3 25 | 1.7% | 2.2% | ||
| Q2 25 | 1.7% | 1.1% | ||
| Q1 25 | 1.8% | 0.8% | ||
| Q4 24 | 1.8% | 1.5% | ||
| Q3 24 | 1.7% | 0.5% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 1.65× | ||
| Q3 25 | 1.59× | 1.36× | ||
| Q2 25 | 1.23× | 1.02× | ||
| Q1 25 | 1.11× | 0.66× | ||
| Q4 24 | 1.40× | 1.15× | ||
| Q3 24 | 1.72× | 1.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
