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Side-by-side financial comparison of IDEX Corporation (IEX) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $398.4M, roughly 1.1× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 7.6%, a 22.5% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $86.0M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
IEX vs PEGA — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $430.0M |
| Net Profit | $120.0M | $32.8M |
| Gross Margin | 99.9% | 75.2% |
| Operating Margin | 43.3% | 8.6% |
| Net Margin | 30.1% | 7.6% |
| Revenue YoY | 16.7% | -9.6% |
| Net Profit YoY | 25.7% | — |
| EPS (diluted) | $1.61 | $0.18 |
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 | $430.0M | ||
| Q4 25 | $899.1M | $504.3M | ||
| Q3 25 | $878.7M | $381.4M | ||
| Q2 25 | $865.4M | $384.5M | ||
| Q1 25 | $814.3M | $475.6M | ||
| Q4 24 | $862.9M | $490.8M | ||
| Q3 24 | $798.2M | $325.1M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | $32.8M | ||
| Q4 25 | $128.3M | $234.6M | ||
| Q3 25 | $127.8M | $43.4M | ||
| Q2 25 | $131.6M | $30.1M | ||
| Q1 25 | $95.5M | $85.4M | ||
| Q4 24 | $123.2M | $119.1M | ||
| Q3 24 | $119.1M | $-14.4M |
| Q2 26 | 99.9% | — | ||
| Q1 26 | 94.9% | 75.2% | ||
| Q4 25 | 43.1% | 79.5% | ||
| Q3 25 | 44.5% | 72.2% | ||
| Q2 25 | 45.3% | 71.5% | ||
| Q1 25 | 45.3% | 78.5% | ||
| Q4 24 | 42.5% | 79.1% | ||
| Q3 24 | 44.3% | 70.2% |
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | 8.6% | ||
| Q4 25 | 20.4% | 20.7% | ||
| Q3 25 | 21.1% | 3.8% | ||
| Q2 25 | 21.7% | 4.5% | ||
| Q1 25 | 17.4% | 26.7% | ||
| Q4 24 | 19.2% | 29.1% | ||
| Q3 24 | 21.0% | -3.6% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | 7.6% | ||
| Q4 25 | 14.3% | 46.5% | ||
| Q3 25 | 14.5% | 11.4% | ||
| Q2 25 | 15.2% | 7.8% | ||
| Q1 25 | 11.7% | 18.0% | ||
| Q4 24 | 14.3% | 24.3% | ||
| Q3 24 | 14.9% | -4.4% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | $0.18 | ||
| Q4 25 | $1.71 | $0.81 | ||
| Q3 25 | $1.70 | $0.24 | ||
| Q2 25 | $1.74 | $0.17 | ||
| Q1 25 | $1.26 | $0.91 | ||
| Q4 24 | $1.61 | $1.35 | ||
| Q3 24 | $1.57 | $-0.17 |
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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.0B | $705.9M |
| Total Assets | $6.9B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | $270.0M | ||
| Q4 25 | $580.0M | $425.8M | ||
| Q3 25 | $593.8M | $351.4M | ||
| Q2 25 | $568.2M | $411.6M | ||
| Q1 25 | $594.1M | $371.7M | ||
| Q4 24 | $620.8M | $740.0M | ||
| Q3 24 | $633.2M | $703.0M |
| 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 | — |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | $705.9M | ||
| Q4 25 | $4.0B | $787.4M | ||
| Q3 25 | $4.0B | $596.8M | ||
| Q2 25 | $4.0B | $624.5M | ||
| Q1 25 | $3.9B | $611.3M | ||
| Q4 24 | $3.8B | $585.5M | ||
| Q3 24 | $3.8B | $473.0M |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | $1.6B | ||
| Q4 25 | $6.9B | $1.6B | ||
| Q3 25 | $7.0B | $1.3B | ||
| Q2 25 | $6.9B | $1.3B | ||
| Q1 25 | $6.8B | $1.3B | ||
| Q4 24 | $6.7B | $1.8B | ||
| Q3 24 | $7.0B | $1.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | $86.0M | $206.5M |
| FCF MarginFCF / Revenue | 21.6% | 48.0% |
| Capex IntensityCapex / Revenue | 4.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $158.4M | ||
| Q3 25 | $203.5M | $56.3M | ||
| Q2 25 | $161.7M | $86.3M | ||
| Q1 25 | $105.7M | $204.2M | ||
| Q4 24 | $172.6M | $95.2M | ||
| Q3 24 | $205.3M | $30.5M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | $206.5M | ||
| Q4 25 | $189.8M | $152.4M | ||
| Q3 25 | $188.7M | $51.8M | ||
| Q2 25 | $146.9M | $84.1M | ||
| Q1 25 | $91.4M | $202.3M | ||
| Q4 24 | $157.1M | $92.4M | ||
| Q3 24 | $191.6M | $27.4M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | 48.0% | ||
| Q4 25 | 21.1% | 30.2% | ||
| Q3 25 | 21.5% | 13.6% | ||
| Q2 25 | 17.0% | 21.9% | ||
| Q1 25 | 11.2% | 42.5% | ||
| Q4 24 | 18.2% | 18.8% | ||
| Q3 24 | 24.0% | 8.4% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 1.2% | ||
| Q3 25 | 1.7% | 1.2% | ||
| Q2 25 | 1.7% | 0.6% | ||
| Q1 25 | 1.8% | 0.4% | ||
| Q4 24 | 1.8% | 0.6% | ||
| Q3 24 | 1.7% | 0.9% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 0.68× | ||
| Q3 25 | 1.59× | 1.30× | ||
| Q2 25 | 1.23× | 2.87× | ||
| Q1 25 | 1.11× | 2.39× | ||
| Q4 24 | 1.40× | 0.80× | ||
| Q3 24 | 1.72× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
