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Side-by-side financial comparison of IDEX Corporation (IEX) and VALHI INC (VHI). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($899.1M vs $494.5M, roughly 1.8× VALHI INC). IDEX Corporation runs the higher net margin — 14.3% vs -10.8%, a 25.0% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (4.2% vs 2.8%). IDEX Corporation produced more free cash flow last quarter ($189.8M vs $89.8M). Over the past eight quarters, IDEX Corporation's revenue compounded faster (6.0% CAGR vs -3.5%).
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.
Valhi, Inc. is an American holding company operating through wholly and majority-owned subsidiaries in a number of different industries. It was founded in 1987 as a result of the merger of the LLC Corporation and Amalgamated Sugar Company. The Contran Corporation owned 93% of Valhi's common stock as of December 2014. The chairman of the company was Harold Simmons until his death in 2013. As of 2014 it was a Fortune 1000 company.
IEX vs VHI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $899.1M | $494.5M |
| Net Profit | $128.3M | $-53.2M |
| Gross Margin | 43.1% | 6.9% |
| Operating Margin | 20.4% | -6.2% |
| Net Margin | 14.3% | -10.8% |
| Revenue YoY | 4.2% | 2.8% |
| Net Profit YoY | 4.1% | -333.3% |
| EPS (diluted) | $1.71 | $-1.86 |
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.
| Q4 25 | $899.1M | $494.5M | ||
| Q3 25 | $878.7M | $503.5M | ||
| Q2 25 | $865.4M | $540.4M | ||
| Q1 25 | $814.3M | $538.6M | ||
| Q4 24 | $862.9M | $480.9M | ||
| Q3 24 | $798.2M | $533.6M | ||
| Q2 24 | $807.2M | $559.7M | ||
| Q1 24 | $800.5M | $530.6M |
| Q4 25 | $128.3M | $-53.2M | ||
| Q3 25 | $127.8M | $-22.2M | ||
| Q2 25 | $131.6M | $900.0K | ||
| Q1 25 | $95.5M | $16.9M | ||
| Q4 24 | $123.2M | $22.8M | ||
| Q3 24 | $119.1M | $57.5M | ||
| Q2 24 | $141.3M | $19.9M | ||
| Q1 24 | $121.4M | $7.8M |
| Q4 25 | 43.1% | 6.9% | ||
| Q3 25 | 44.5% | 12.0% | ||
| Q2 25 | 45.3% | 14.5% | ||
| Q1 25 | 45.3% | 22.7% | ||
| Q4 24 | 42.5% | 20.9% | ||
| Q3 24 | 44.3% | 21.8% | ||
| Q2 24 | 45.4% | 21.7% | ||
| Q1 24 | 44.6% | 16.3% |
| Q4 25 | 20.4% | -6.2% | ||
| Q3 25 | 21.1% | 1.7% | ||
| Q2 25 | 21.7% | 6.6% | ||
| Q1 25 | 17.4% | 9.3% | ||
| Q4 24 | 19.2% | 11.8% | ||
| Q3 24 | 21.0% | 12.7% | ||
| Q2 24 | 22.6% | 9.8% | ||
| Q1 24 | 20.1% | 5.9% |
| Q4 25 | 14.3% | -10.8% | ||
| Q3 25 | 14.5% | -4.4% | ||
| Q2 25 | 15.2% | 0.2% | ||
| Q1 25 | 11.7% | 3.1% | ||
| Q4 24 | 14.3% | 4.7% | ||
| Q3 24 | 14.9% | 10.8% | ||
| Q2 24 | 17.5% | 3.6% | ||
| Q1 24 | 15.2% | 1.5% |
| Q4 25 | $1.71 | $-1.86 | ||
| Q3 25 | $1.70 | $-0.78 | ||
| Q2 25 | $1.74 | $0.03 | ||
| Q1 25 | $1.26 | $0.59 | ||
| Q4 24 | $1.61 | $0.81 | ||
| Q3 24 | $1.57 | $2.01 | ||
| Q2 24 | $1.86 | $0.70 | ||
| Q1 24 | $1.60 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $580.0M | $216.9M |
| Total DebtLower is stronger | $1.8B | $590.9M |
| Stockholders' EquityBook value | $4.0B | $1.0B |
| Total Assets | $6.9B | $2.6B |
| Debt / EquityLower = less leverage | 0.45× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $580.0M | $216.9M | ||
| Q3 25 | $593.8M | $186.6M | ||
| Q2 25 | $568.2M | $190.9M | ||
| Q1 25 | $594.1M | $196.4M | ||
| Q4 24 | $620.8M | $350.2M | ||
| Q3 24 | $633.2M | $316.7M | ||
| Q2 24 | $700.7M | $386.9M | ||
| Q1 24 | $616.3M | $372.7M |
| Q4 25 | $1.8B | $590.9M | ||
| Q3 25 | $1.9B | $661.5M | ||
| Q2 25 | $1.9B | $544.8M | ||
| Q1 25 | $2.0B | $525.9M | ||
| Q4 24 | $2.0B | $484.4M | ||
| Q3 24 | $2.1B | $526.6M | ||
| Q2 24 | $1.3B | $497.4M | ||
| Q1 24 | $1.3B | $511.2M |
| Q4 25 | $4.0B | $1.0B | ||
| Q3 25 | $4.0B | $1.0B | ||
| Q2 25 | $4.0B | $1.1B | ||
| Q1 25 | $3.9B | $1.1B | ||
| Q4 24 | $3.8B | $1.0B | ||
| Q3 24 | $3.8B | $1.0B | ||
| Q2 24 | $3.7B | $962.6M | ||
| Q1 24 | $3.6B | $928.2M |
| Q4 25 | $6.9B | $2.6B | ||
| Q3 25 | $7.0B | $2.7B | ||
| Q2 25 | $6.9B | $2.8B | ||
| Q1 25 | $6.8B | $2.8B | ||
| Q4 24 | $6.7B | $2.8B | ||
| Q3 24 | $7.0B | $2.8B | ||
| Q2 24 | $5.9B | $2.5B | ||
| Q1 24 | $5.9B | $2.6B |
| Q4 25 | 0.45× | 0.58× | ||
| Q3 25 | 0.48× | 0.63× | ||
| Q2 25 | 0.46× | 0.51× | ||
| Q1 25 | 0.50× | 0.49× | ||
| Q4 24 | 0.52× | 0.47× | ||
| Q3 24 | 0.55× | 0.52× | ||
| Q2 24 | 0.36× | 0.52× | ||
| Q1 24 | 0.37× | 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 | $209.5M | $100.6M |
| Free Cash FlowOCF − Capex | $189.8M | $89.8M |
| FCF MarginFCF / Revenue | 21.1% | 18.2% |
| Capex IntensityCapex / Revenue | 2.2% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | $-82.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $209.5M | $100.6M | ||
| Q3 25 | $203.5M | $-1.9M | ||
| Q2 25 | $161.7M | $21.7M | ||
| Q1 25 | $105.7M | $-155.9M | ||
| Q4 24 | $172.6M | $45.8M | ||
| Q3 24 | $205.3M | $13.5M | ||
| Q2 24 | $133.6M | $33.5M | ||
| Q1 24 | $156.6M | $-48.8M |
| Q4 25 | $189.8M | $89.8M | ||
| Q3 25 | $188.7M | $-12.3M | ||
| Q2 25 | $146.9M | $9.1M | ||
| Q1 25 | $91.4M | $-168.7M | ||
| Q4 24 | $157.1M | $33.3M | ||
| Q3 24 | $191.6M | $3.9M | ||
| Q2 24 | $117.7M | $29.7M | ||
| Q1 24 | $136.6M | $-53.8M |
| Q4 25 | 21.1% | 18.2% | ||
| Q3 25 | 21.5% | -2.4% | ||
| Q2 25 | 17.0% | 1.7% | ||
| Q1 25 | 11.2% | -31.3% | ||
| Q4 24 | 18.2% | 6.9% | ||
| Q3 24 | 24.0% | 0.7% | ||
| Q2 24 | 14.6% | 5.3% | ||
| Q1 24 | 17.1% | -10.1% |
| Q4 25 | 2.2% | 2.2% | ||
| Q3 25 | 1.7% | 2.1% | ||
| Q2 25 | 1.7% | 2.3% | ||
| Q1 25 | 1.8% | 2.4% | ||
| Q4 24 | 1.8% | 2.6% | ||
| Q3 24 | 1.7% | 1.8% | ||
| Q2 24 | 2.0% | 0.7% | ||
| Q1 24 | 2.5% | 0.9% |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.23× | 24.11× | ||
| Q1 25 | 1.11× | -9.22× | ||
| Q4 24 | 1.40× | 2.01× | ||
| Q3 24 | 1.72× | 0.23× | ||
| Q2 24 | 0.95× | 1.68× | ||
| Q1 24 | 1.29× | -6.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
| Fluid And Metering Technologies | $305.0M | 34% |
| Fireand Safety | $125.0M | 14% |
| Pumps | $105.7M | 12% |
| Water1 | $92.1M | 10% |
| Performance Pneumatic Technologies | $70.2M | 8% |
| Sealing Solutions | $64.0M | 7% |
| Energy | $47.9M | 5% |
| Material Processing Technologies | $37.2M | 4% |
| Dispensing | $33.5M | 4% |
| Valves | $22.7M | 3% |
VHI
| Chemicals | $418.3M | 85% |
| Real Estate Management And Development | $38.5M | 8% |
| Security Products | $29.5M | 6% |
| Marine Components | $8.2M | 2% |
