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Side-by-side financial comparison of IDEX Corporation (IEX) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $208.0M, roughly 1.9× VIRTUS INVESTMENT PARTNERS, INC.). IDEX Corporation runs the higher net margin — 30.1% vs 16.3%, a 13.8% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (8.9% vs -10.9%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-74.1M). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-3.2% 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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
IEX vs VRTS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $208.0M |
| Net Profit | $120.0M | $33.9M |
| Gross Margin | 99.9% | — |
| Operating Margin | 43.3% | 19.1% |
| Net Margin | 30.1% | 16.3% |
| Revenue YoY | 8.9% | -10.9% |
| Net Profit YoY | 25.7% | -14.2% |
| EPS (diluted) | $1.61 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $878.7M | $216.4M | ||
| Q2 25 | $865.4M | $210.5M | ||
| Q1 25 | $814.3M | $217.9M | ||
| Q4 24 | $862.9M | $233.5M | ||
| Q3 24 | $798.2M | $227.0M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | $33.9M | ||
| Q3 25 | $127.8M | $31.3M | ||
| Q2 25 | $131.6M | $42.7M | ||
| Q1 25 | $95.5M | $28.1M | ||
| Q4 24 | $123.2M | $39.5M | ||
| Q3 24 | $119.1M | $49.1M |
| 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% | — | ||
| Q4 25 | 20.4% | 19.1% | ||
| Q3 25 | 21.1% | 21.7% | ||
| Q2 25 | 21.7% | 21.5% | ||
| Q1 25 | 17.4% | 16.8% | ||
| Q4 24 | 19.2% | 21.7% | ||
| Q3 24 | 21.0% | 24.3% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | 16.3% | ||
| Q3 25 | 14.5% | 14.5% | ||
| Q2 25 | 15.2% | 20.3% | ||
| Q1 25 | 11.7% | 12.9% | ||
| Q4 24 | 14.3% | 16.9% | ||
| Q3 24 | 14.9% | 21.6% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | $5.15 | ||
| Q3 25 | $1.70 | $4.65 | ||
| Q2 25 | $1.74 | $6.12 | ||
| Q1 25 | $1.26 | $4.05 | ||
| Q4 24 | $1.61 | $4.65 | ||
| Q3 24 | $1.57 | $5.71 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $4.0B | $934.0M |
| Total Assets | $6.9B | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | — | ||
| Q3 25 | $593.8M | — | ||
| Q2 25 | $568.2M | — | ||
| Q1 25 | $594.1M | — | ||
| Q4 24 | $620.8M | — | ||
| Q3 24 | $633.2M | — |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $390.0M | ||
| Q3 25 | $1.9B | $390.6M | ||
| Q2 25 | $1.9B | $231.3M | ||
| Q1 25 | $2.0B | $231.7M | ||
| Q4 24 | $2.0B | $232.1M | ||
| Q3 24 | $2.1B | $237.5M |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $934.0M | ||
| Q3 25 | $4.0B | $918.7M | ||
| Q2 25 | $4.0B | $896.4M | ||
| Q1 25 | $3.9B | $893.7M | ||
| Q4 24 | $3.8B | $897.5M | ||
| Q3 24 | $3.8B | $889.0M |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $4.3B | ||
| Q3 25 | $7.0B | $3.9B | ||
| Q2 25 | $6.9B | $3.7B | ||
| Q1 25 | $6.8B | $3.7B | ||
| Q4 24 | $6.7B | $4.0B | ||
| Q3 24 | $7.0B | $3.6B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 0.42× | ||
| Q3 25 | 0.48× | 0.43× | ||
| Q2 25 | 0.46× | 0.26× | ||
| Q1 25 | 0.50× | 0.26× | ||
| Q4 24 | 0.52× | 0.26× | ||
| Q3 24 | 0.55× | 0.27× |
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 | — | $-67.2M |
| Free Cash FlowOCF − Capex | $86.0M | $-74.1M |
| FCF MarginFCF / Revenue | 21.6% | -35.6% |
| Capex IntensityCapex / Revenue | 4.4% | 3.3% |
| Cash ConversionOCF / Net Profit | — | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $-67.2M | ||
| Q3 25 | $203.5M | $108.3M | ||
| Q2 25 | $161.7M | $75.8M | ||
| Q1 25 | $105.7M | $-3.8M | ||
| Q4 24 | $172.6M | $1.8M | ||
| Q3 24 | $205.3M | $69.1M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $-74.1M | ||
| Q3 25 | $188.7M | $106.9M | ||
| Q2 25 | $146.9M | $74.2M | ||
| Q1 25 | $91.4M | $-6.8M | ||
| Q4 24 | $157.1M | $-3.8M | ||
| Q3 24 | $191.6M | $68.7M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | -35.6% | ||
| Q3 25 | 21.5% | 49.4% | ||
| Q2 25 | 17.0% | 35.2% | ||
| Q1 25 | 11.2% | -3.1% | ||
| Q4 24 | 18.2% | -1.6% | ||
| Q3 24 | 24.0% | 30.3% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 3.3% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.7% | 0.7% | ||
| Q1 25 | 1.8% | 1.4% | ||
| Q4 24 | 1.8% | 2.4% | ||
| Q3 24 | 1.7% | 0.2% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | -1.99× | ||
| Q3 25 | 1.59× | 3.45× | ||
| Q2 25 | 1.23× | 1.77× | ||
| Q1 25 | 1.11× | -0.13× | ||
| Q4 24 | 1.40× | 0.04× | ||
| Q3 24 | 1.72× | 1.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
