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Side-by-side financial comparison of IDEX Corporation (IEX) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($846.8M vs $398.4M, roughly 2.1× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 22.1%, a 8.0% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 14.3%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $86.0M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
IEX vs TTD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $846.8M |
| Net Profit | $120.0M | $186.9M |
| Gross Margin | 99.9% | 80.7% |
| Operating Margin | 43.3% | 30.3% |
| Net Margin | 30.1% | 22.1% |
| Revenue YoY | 16.7% | 14.3% |
| Net Profit YoY | 25.7% | 2.6% |
| EPS (diluted) | $1.61 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $878.7M | $739.4M | ||
| Q2 25 | $865.4M | $694.0M | ||
| Q1 25 | $814.3M | $616.0M | ||
| Q4 24 | $862.9M | $741.0M | ||
| Q3 24 | $798.2M | $628.0M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | $186.9M | ||
| Q3 25 | $127.8M | $115.5M | ||
| Q2 25 | $131.6M | $90.1M | ||
| Q1 25 | $95.5M | $50.7M | ||
| Q4 24 | $123.2M | $182.2M | ||
| Q3 24 | $119.1M | $94.2M |
| Q2 26 | 99.9% | — | ||
| Q1 26 | 94.9% | — | ||
| Q4 25 | 43.1% | 80.7% | ||
| Q3 25 | 44.5% | 78.1% | ||
| Q2 25 | 45.3% | 78.2% | ||
| Q1 25 | 45.3% | 76.8% | ||
| Q4 24 | 42.5% | 81.7% | ||
| Q3 24 | 44.3% | 80.5% |
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | — | ||
| Q4 25 | 20.4% | 30.3% | ||
| Q3 25 | 21.1% | 21.8% | ||
| Q2 25 | 21.7% | 16.8% | ||
| Q1 25 | 17.4% | 8.8% | ||
| Q4 24 | 19.2% | 26.4% | ||
| Q3 24 | 21.0% | 17.3% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | 22.1% | ||
| Q3 25 | 14.5% | 15.6% | ||
| Q2 25 | 15.2% | 13.0% | ||
| Q1 25 | 11.7% | 8.2% | ||
| Q4 24 | 14.3% | 24.6% | ||
| Q3 24 | 14.9% | 15.0% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | $0.39 | ||
| Q3 25 | $1.70 | $0.23 | ||
| Q2 25 | $1.74 | $0.18 | ||
| Q1 25 | $1.26 | $0.10 | ||
| Q4 24 | $1.61 | $0.36 | ||
| Q3 24 | $1.57 | $0.19 |
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 | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.0B | $2.5B |
| Total Assets | $6.9B | $6.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | $1.3B | ||
| Q3 25 | $593.8M | $1.4B | ||
| Q2 25 | $568.2M | $1.7B | ||
| Q1 25 | $594.1M | $1.7B | ||
| Q4 24 | $620.8M | $1.9B | ||
| Q3 24 | $633.2M | $1.7B |
| 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 | $2.5B | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $4.0B | $2.7B | ||
| Q1 25 | $3.9B | $2.7B | ||
| Q4 24 | $3.8B | $2.9B | ||
| Q3 24 | $3.8B | $2.6B |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $6.2B | ||
| Q3 25 | $7.0B | $5.9B | ||
| Q2 25 | $6.9B | $6.0B | ||
| Q1 25 | $6.8B | $5.7B | ||
| Q4 24 | $6.7B | $6.1B | ||
| Q3 24 | $7.0B | $5.5B |
| 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 | — | $311.6M |
| Free Cash FlowOCF − Capex | $86.0M | $285.3M |
| FCF MarginFCF / Revenue | 21.6% | 33.7% |
| Capex IntensityCapex / Revenue | 4.4% | 3.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $311.6M | ||
| Q3 25 | $203.5M | $224.7M | ||
| Q2 25 | $161.7M | $165.0M | ||
| Q1 25 | $105.7M | $291.4M | ||
| Q4 24 | $172.6M | $199.4M | ||
| Q3 24 | $205.3M | $273.3M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $285.3M | ||
| Q3 25 | $188.7M | $158.3M | ||
| Q2 25 | $146.9M | $119.8M | ||
| Q1 25 | $91.4M | $232.3M | ||
| Q4 24 | $157.1M | $179.2M | ||
| Q3 24 | $191.6M | $224.6M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | 33.7% | ||
| Q3 25 | 21.5% | 21.4% | ||
| Q2 25 | 17.0% | 17.3% | ||
| Q1 25 | 11.2% | 37.7% | ||
| Q4 24 | 18.2% | 24.2% | ||
| Q3 24 | 24.0% | 35.8% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 3.1% | ||
| Q3 25 | 1.7% | 9.0% | ||
| Q2 25 | 1.7% | 6.5% | ||
| Q1 25 | 1.8% | 9.6% | ||
| Q4 24 | 1.8% | 2.7% | ||
| Q3 24 | 1.7% | 7.8% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 1.67× | ||
| Q3 25 | 1.59× | 1.94× | ||
| Q2 25 | 1.23× | 1.83× | ||
| Q1 25 | 1.11× | 5.75× | ||
| Q4 24 | 1.40× | 1.09× | ||
| Q3 24 | 1.72× | 2.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
