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Side-by-side financial comparison of IDEX Corporation (IEX) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.
Virtu Financial, Inc. is the larger business by last-quarter revenue ($1.1B vs $398.4M, roughly 2.7× IDEX Corporation). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 30.1%, a 1.5% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 16.7%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% 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.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
IEX vs VIRT — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $1.1B |
| Net Profit | $120.0M | $346.6M |
| Gross Margin | 99.9% | — |
| Operating Margin | 43.3% | 37.4% |
| Net Margin | 30.1% | 31.6% |
| Revenue YoY | 16.7% | 30.7% |
| Net Profit YoY | 25.7% | 82.8% |
| EPS (diluted) | $1.61 | $1.99 |
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 | $1.1B | ||
| Q4 25 | $899.1M | $969.9M | ||
| Q3 25 | $878.7M | $824.8M | ||
| Q2 25 | $865.4M | $999.6M | ||
| Q1 25 | $814.3M | $837.9M | ||
| Q4 24 | $862.9M | $834.3M | ||
| Q3 24 | $798.2M | $706.8M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | $346.6M | ||
| Q4 25 | $128.3M | $139.9M | ||
| Q3 25 | $127.8M | $77.6M | ||
| Q2 25 | $131.6M | $151.2M | ||
| Q1 25 | $95.5M | $99.7M | ||
| Q4 24 | $123.2M | $94.1M | ||
| Q3 24 | $119.1M | $60.0M |
| 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% | 37.4% | ||
| Q4 25 | 20.4% | 35.4% | ||
| Q3 25 | 21.1% | 21.8% | ||
| Q2 25 | 21.7% | 34.7% | ||
| Q1 25 | 17.4% | 26.7% | ||
| Q4 24 | 19.2% | 24.3% | ||
| Q3 24 | 21.0% | 20.8% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | 31.6% | ||
| Q4 25 | 14.3% | 14.4% | ||
| Q3 25 | 14.5% | 9.4% | ||
| Q2 25 | 15.2% | 15.1% | ||
| Q1 25 | 11.7% | 11.9% | ||
| Q4 24 | 14.3% | 11.3% | ||
| Q3 24 | 14.9% | 8.5% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | $1.99 | ||
| Q4 25 | $1.71 | $1.54 | ||
| Q3 25 | $1.70 | $0.86 | ||
| Q2 25 | $1.74 | $1.65 | ||
| Q1 25 | $1.26 | $1.08 | ||
| Q4 24 | $1.61 | $1.03 | ||
| Q3 24 | $1.57 | $0.64 |
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 | $973.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.0B | $2.2B |
| Total Assets | $6.9B | $25.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | $973.2M | ||
| Q4 25 | $580.0M | $1.1B | ||
| Q3 25 | $593.8M | $707.9M | ||
| Q2 25 | $568.2M | $752.1M | ||
| Q1 25 | $594.1M | $723.6M | ||
| Q4 24 | $620.8M | $872.5M | ||
| Q3 24 | $633.2M | $701.4M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.0B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $2.0B | $1.7B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.1B | $1.7B |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | $2.2B | ||
| Q4 25 | $4.0B | $1.6B | ||
| Q3 25 | $4.0B | $1.5B | ||
| Q2 25 | $4.0B | $1.4B | ||
| Q1 25 | $3.9B | $1.3B | ||
| Q4 24 | $3.8B | $1.3B | ||
| Q3 24 | $3.8B | $1.2B |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | $25.1B | ||
| Q4 25 | $6.9B | $20.2B | ||
| Q3 25 | $7.0B | $21.3B | ||
| Q2 25 | $6.9B | $19.3B | ||
| Q1 25 | $6.8B | $17.5B | ||
| Q4 24 | $6.7B | $15.4B | ||
| Q3 24 | $7.0B | $14.4B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 1.29× | ||
| Q3 25 | 0.48× | 1.40× | ||
| Q2 25 | 0.46× | 1.24× | ||
| Q1 25 | 0.50× | 1.33× | ||
| Q4 24 | 0.52× | 1.39× | ||
| Q3 24 | 0.55× | 1.41× |
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 | — |
| FCF MarginFCF / Revenue | 21.6% | — |
| Capex IntensityCapex / Revenue | 4.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $518.4M | ||
| Q3 25 | $203.5M | $-68.7M | ||
| Q2 25 | $161.7M | $62.8M | ||
| Q1 25 | $105.7M | $15.0M | ||
| Q4 24 | $172.6M | $599.0M | ||
| Q3 24 | $205.3M | $112.1M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $495.6M | ||
| Q3 25 | $188.7M | $-76.7M | ||
| Q2 25 | $146.9M | $57.6M | ||
| Q1 25 | $91.4M | $9.2M | ||
| Q4 24 | $157.1M | $586.6M | ||
| Q3 24 | $191.6M | $106.2M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | 51.1% | ||
| Q3 25 | 21.5% | -9.3% | ||
| Q2 25 | 17.0% | 5.8% | ||
| Q1 25 | 11.2% | 1.1% | ||
| Q4 24 | 18.2% | 70.3% | ||
| Q3 24 | 24.0% | 15.0% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 2.4% | ||
| Q3 25 | 1.7% | 1.0% | ||
| Q2 25 | 1.7% | 0.5% | ||
| Q1 25 | 1.8% | 0.7% | ||
| Q4 24 | 1.8% | 1.5% | ||
| Q3 24 | 1.7% | 0.8% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 3.71× | ||
| Q3 25 | 1.59× | -0.89× | ||
| Q2 25 | 1.23× | 0.42× | ||
| Q1 25 | 1.11× | 0.15× | ||
| Q4 24 | 1.40× | 6.37× | ||
| Q3 24 | 1.72× | 1.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
