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Side-by-side financial comparison of IDEX Corporation (IEX) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
VALMONT INDUSTRIES INC is the larger business by last-quarter revenue ($1.0B vs $899.1M, roughly 1.1× IDEX Corporation). IDEX Corporation runs the higher net margin — 14.3% vs 10.5%, a 3.8% gap on every dollar of revenue. On growth, VALMONT INDUSTRIES INC posted the faster year-over-year revenue change (6.2% vs 4.2%). Over the past eight quarters, IDEX Corporation's revenue compounded faster (6.0% CAGR vs -0.5%).
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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
IEX vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $899.1M | $1.0B |
| Net Profit | $128.3M | $108.0M |
| Gross Margin | 43.1% | 30.8% |
| Operating Margin | 20.4% | 15.1% |
| Net Margin | 14.3% | 10.5% |
| Revenue YoY | 4.2% | 6.2% |
| Net Profit YoY | 4.1% | 23.8% |
| EPS (diluted) | $1.71 | $5.51 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $899.1M | $1.0B | ||
| Q3 25 | $878.7M | $1.0B | ||
| Q2 25 | $865.4M | $1.1B | ||
| Q1 25 | $814.3M | $969.3M | ||
| Q4 24 | $862.9M | $1.0B | ||
| Q3 24 | $798.2M | $1.0B | ||
| Q2 24 | $807.2M | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $128.3M | $168.0M | ||
| Q3 25 | $127.8M | $99.0M | ||
| Q2 25 | $131.6M | $-4.0M | ||
| Q1 25 | $95.5M | $87.3M | ||
| Q4 24 | $123.2M | $77.7M | ||
| Q3 24 | $119.1M | $83.1M | ||
| Q2 24 | $141.3M | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | 43.1% | 29.8% | ||
| Q3 25 | 44.5% | 30.4% | ||
| Q2 25 | 45.3% | 30.6% | ||
| Q1 25 | 45.3% | 30.0% | ||
| Q4 24 | 42.5% | 30.2% | ||
| Q3 24 | 44.3% | 29.6% | ||
| Q2 24 | 45.4% | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 20.4% | 11.2% | ||
| Q3 25 | 21.1% | 13.5% | ||
| Q2 25 | 21.7% | 2.8% | ||
| Q1 25 | 17.4% | 13.2% | ||
| Q4 24 | 19.2% | 11.6% | ||
| Q3 24 | 21.0% | 12.3% | ||
| Q2 24 | 22.6% | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 14.3% | 16.2% | ||
| Q3 25 | 14.5% | 9.5% | ||
| Q2 25 | 15.2% | -0.4% | ||
| Q1 25 | 11.7% | 9.0% | ||
| Q4 24 | 14.3% | 7.5% | ||
| Q3 24 | 14.9% | 8.1% | ||
| Q2 24 | 17.5% | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | $1.71 | $9.02 | ||
| Q3 25 | $1.70 | $4.98 | ||
| Q2 25 | $1.74 | $-1.53 | ||
| Q1 25 | $1.26 | $4.32 | ||
| Q4 24 | $1.61 | $3.85 | ||
| Q3 24 | $1.57 | $4.11 | ||
| Q2 24 | $1.86 | $4.91 |
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 | $160.2M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $4.0B | $1.7B |
| Total Assets | $6.9B | $3.4B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $580.0M | $187.1M | ||
| Q3 25 | $593.8M | $226.1M | ||
| Q2 25 | $568.2M | $208.5M | ||
| Q1 25 | $594.1M | $184.4M | ||
| Q4 24 | $620.8M | $164.3M | ||
| Q3 24 | $633.2M | $200.5M | ||
| Q2 24 | $700.7M | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $795.7M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | $730.6M | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $4.0B | $1.6B | ||
| Q3 25 | $4.0B | $1.6B | ||
| Q2 25 | $4.0B | $1.5B | ||
| Q1 25 | $3.9B | $1.6B | ||
| Q4 24 | $3.8B | $1.5B | ||
| Q3 24 | $3.8B | $1.5B | ||
| Q2 24 | $3.7B | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $6.9B | $3.4B | ||
| Q3 25 | $7.0B | $3.4B | ||
| Q2 25 | $6.9B | $3.3B | ||
| Q1 25 | $6.8B | $3.4B | ||
| Q4 24 | $6.7B | $3.3B | ||
| Q3 24 | $7.0B | $3.5B | ||
| Q2 24 | $5.9B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 0.49× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.52× | 0.47× | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.36× | — |
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 | — |
| Free Cash FlowOCF − Capex | $189.8M | — |
| FCF MarginFCF / Revenue | 21.1% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $616.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $111.2M | ||
| Q3 25 | $203.5M | $112.5M | ||
| Q2 25 | $161.7M | $167.6M | ||
| Q1 25 | $105.7M | $65.1M | ||
| Q4 24 | $172.6M | $193.4M | ||
| Q3 24 | $205.3M | $225.1M | ||
| Q2 24 | $133.6M | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | $189.8M | $70.4M | ||
| Q3 25 | $188.7M | $70.6M | ||
| Q2 25 | $146.9M | $135.6M | ||
| Q1 25 | $91.4M | $34.8M | ||
| Q4 24 | $157.1M | $167.8M | ||
| Q3 24 | $191.6M | $204.6M | ||
| Q2 24 | $117.7M | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | 21.1% | 6.8% | ||
| Q3 25 | 21.5% | 6.7% | ||
| Q2 25 | 17.0% | 12.9% | ||
| Q1 25 | 11.2% | 3.6% | ||
| Q4 24 | 18.2% | 16.2% | ||
| Q3 24 | 24.0% | 20.1% | ||
| Q2 24 | 14.6% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 3.9% | ||
| Q3 25 | 1.7% | 4.0% | ||
| Q2 25 | 1.7% | 3.0% | ||
| Q1 25 | 1.8% | 3.1% | ||
| Q4 24 | 1.8% | 2.5% | ||
| Q3 24 | 1.7% | 2.0% | ||
| Q2 24 | 2.0% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 0.66× | ||
| Q3 25 | 1.59× | 1.14× | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.11× | 0.75× | ||
| Q4 24 | 1.40× | 2.49× | ||
| Q3 24 | 1.72× | 2.71× | ||
| Q2 24 | 0.95× | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
