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Side-by-side financial comparison of IDEX Corporation (IEX) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $398.4M, roughly 4.1× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 6.2%, a 23.9% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 16.7%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $86.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% 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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
IEX vs TOST — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $1.6B |
| Net Profit | $120.0M | $101.0M |
| Gross Margin | 99.9% | 25.9% |
| Operating Margin | 43.3% | 5.2% |
| Net Margin | 30.1% | 6.2% |
| Revenue YoY | 16.7% | 22.0% |
| Net Profit YoY | 25.7% | 215.6% |
| 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 | — | ||
| Q4 25 | $899.1M | $1.6B | ||
| Q3 25 | $878.7M | $1.6B | ||
| Q2 25 | $865.4M | $1.6B | ||
| Q1 25 | $814.3M | $1.3B | ||
| Q4 24 | $862.9M | $1.3B | ||
| Q3 24 | $798.2M | $1.3B |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | $101.0M | ||
| Q3 25 | $127.8M | $105.0M | ||
| Q2 25 | $131.6M | $80.0M | ||
| Q1 25 | $95.5M | $56.0M | ||
| Q4 24 | $123.2M | $32.0M | ||
| Q3 24 | $119.1M | $56.0M |
| Q2 26 | 99.9% | — | ||
| Q1 26 | 94.9% | — | ||
| Q4 25 | 43.1% | 25.9% | ||
| Q3 25 | 44.5% | 26.5% | ||
| Q2 25 | 45.3% | 25.3% | ||
| Q1 25 | 45.3% | 25.9% | ||
| Q4 24 | 42.5% | 24.9% | ||
| Q3 24 | 44.3% | 24.7% |
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | — | ||
| Q4 25 | 20.4% | 5.2% | ||
| Q3 25 | 21.1% | 5.1% | ||
| Q2 25 | 21.7% | 5.2% | ||
| Q1 25 | 17.4% | 3.2% | ||
| Q4 24 | 19.2% | 2.5% | ||
| Q3 24 | 21.0% | 2.6% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | 6.2% | ||
| Q3 25 | 14.5% | 6.4% | ||
| Q2 25 | 15.2% | 5.2% | ||
| Q1 25 | 11.7% | 4.2% | ||
| Q4 24 | 14.3% | 2.4% | ||
| Q3 24 | 14.9% | 4.3% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | $0.18 | ||
| Q3 25 | $1.70 | $0.16 | ||
| Q2 25 | $1.74 | $0.13 | ||
| Q1 25 | $1.26 | $0.09 | ||
| Q4 24 | $1.61 | $0.09 | ||
| Q3 24 | $1.57 | $0.07 |
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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.0B | $2.1B |
| Total Assets | $6.9B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | $1.4B | ||
| Q3 25 | $593.8M | $1.4B | ||
| Q2 25 | $568.2M | $1.2B | ||
| Q1 25 | $594.1M | $1.0B | ||
| Q4 24 | $620.8M | $903.0M | ||
| Q3 24 | $633.2M | $761.0M |
| 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 | — | ||
| Q4 25 | $4.0B | $2.1B | ||
| Q3 25 | $4.0B | $2.0B | ||
| Q2 25 | $4.0B | $1.8B | ||
| Q1 25 | $3.9B | $1.7B | ||
| Q4 24 | $3.8B | $1.5B | ||
| Q3 24 | $3.8B | $1.4B |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $3.1B | ||
| Q3 25 | $7.0B | $3.0B | ||
| Q2 25 | $6.9B | $2.8B | ||
| Q1 25 | $6.8B | $2.6B | ||
| Q4 24 | $6.7B | $2.4B | ||
| Q3 24 | $7.0B | $2.2B |
| 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 | — | $194.0M |
| Free Cash FlowOCF − Capex | $86.0M | $178.0M |
| FCF MarginFCF / Revenue | 21.6% | 10.9% |
| Capex IntensityCapex / Revenue | 4.4% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $194.0M | ||
| Q3 25 | $203.5M | $165.0M | ||
| Q2 25 | $161.7M | $223.0M | ||
| Q1 25 | $105.7M | $79.0M | ||
| Q4 24 | $172.6M | $147.0M | ||
| Q3 24 | $205.3M | $109.0M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $178.0M | ||
| Q3 25 | $188.7M | $153.0M | ||
| Q2 25 | $146.9M | $208.0M | ||
| Q1 25 | $91.4M | $69.0M | ||
| Q4 24 | $157.1M | $134.0M | ||
| Q3 24 | $191.6M | $97.0M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | 10.9% | ||
| Q3 25 | 21.5% | 9.4% | ||
| Q2 25 | 17.0% | 13.4% | ||
| Q1 25 | 11.2% | 5.2% | ||
| Q4 24 | 18.2% | 10.0% | ||
| Q3 24 | 24.0% | 7.4% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 1.0% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.7% | 1.0% | ||
| Q1 25 | 1.8% | 0.7% | ||
| Q4 24 | 1.8% | 1.0% | ||
| Q3 24 | 1.7% | 0.9% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 1.92× | ||
| Q3 25 | 1.59× | 1.57× | ||
| Q2 25 | 1.23× | 2.79× | ||
| Q1 25 | 1.11× | 1.41× | ||
| Q4 24 | 1.40× | 4.59× | ||
| Q3 24 | 1.72× | 1.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
