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Side-by-side financial comparison of IDEX Corporation (IEX) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $340.0M, roughly 1.2× Walker & Dunlop, Inc.). IDEX Corporation runs the higher net margin — 30.1% vs -12.9%, a 43.0% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs -0.4%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
IEX vs WD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $340.0M |
| Net Profit | $120.0M | $-13.9M |
| Gross Margin | 99.9% | — |
| Operating Margin | 43.3% | -17.2% |
| Net Margin | 30.1% | -12.9% |
| Revenue YoY | 16.7% | -0.4% |
| Net Profit YoY | 25.7% | -131.0% |
| EPS (diluted) | $1.61 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $878.7M | $337.7M | ||
| Q2 25 | $865.4M | $319.2M | ||
| Q1 25 | $814.3M | $237.4M | ||
| Q4 24 | $862.9M | $341.5M | ||
| Q3 24 | $798.2M | $292.3M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | $-13.9M | ||
| Q3 25 | $127.8M | $33.5M | ||
| Q2 25 | $131.6M | $34.0M | ||
| Q1 25 | $95.5M | $2.8M | ||
| Q4 24 | $123.2M | $44.8M | ||
| Q3 24 | $119.1M | $28.8M |
| 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% | -17.2% | ||
| Q3 25 | 21.1% | 13.6% | ||
| Q2 25 | 21.7% | 14.5% | ||
| Q1 25 | 17.4% | 2.2% | ||
| Q4 24 | 19.2% | 15.3% | ||
| Q3 24 | 21.0% | 12.8% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | -12.9% | ||
| Q3 25 | 14.5% | 9.9% | ||
| Q2 25 | 15.2% | 10.6% | ||
| Q1 25 | 11.7% | 1.2% | ||
| Q4 24 | 14.3% | 13.1% | ||
| Q3 24 | 14.9% | 9.9% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | $-0.41 | ||
| Q3 25 | $1.70 | $0.98 | ||
| Q2 25 | $1.74 | $0.99 | ||
| Q1 25 | $1.26 | $0.08 | ||
| Q4 24 | $1.61 | $1.32 | ||
| Q3 24 | $1.57 | $0.85 |
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 | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.0B | $1.7B |
| Total Assets | $6.9B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | $299.3M | ||
| Q3 25 | $593.8M | $274.8M | ||
| Q2 25 | $568.2M | $233.7M | ||
| Q1 25 | $594.1M | $181.0M | ||
| Q4 24 | $620.8M | $279.3M | ||
| Q3 24 | $633.2M | $179.8M |
| 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 | $1.7B | ||
| Q3 25 | $4.0B | $1.8B | ||
| Q2 25 | $4.0B | $1.8B | ||
| Q1 25 | $3.9B | $1.7B | ||
| Q4 24 | $3.8B | $1.7B | ||
| Q3 24 | $3.8B | $1.7B |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $5.1B | ||
| Q3 25 | $7.0B | $5.8B | ||
| Q2 25 | $6.9B | $4.7B | ||
| Q1 25 | $6.8B | $4.5B | ||
| Q4 24 | $6.7B | $4.4B | ||
| Q3 24 | $7.0B | $4.6B |
| 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 | — | $-664.3M |
| Free Cash FlowOCF − Capex | $86.0M | $-680.1M |
| FCF MarginFCF / Revenue | 21.6% | -200.0% |
| Capex IntensityCapex / Revenue | 4.4% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | $-664.3M | ||
| Q3 25 | $203.5M | $-948.1M | ||
| Q2 25 | $161.7M | $-238.5M | ||
| Q1 25 | $105.7M | $-281.1M | ||
| Q4 24 | $172.6M | $129.4M | ||
| Q3 24 | $205.3M | $-202.0M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | $-680.1M | ||
| Q3 25 | $188.7M | $-950.4M | ||
| Q2 25 | $146.9M | $-241.0M | ||
| Q1 25 | $91.4M | $-284.7M | ||
| Q4 24 | $157.1M | $116.4M | ||
| Q3 24 | $191.6M | $-204.0M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | -200.0% | ||
| Q3 25 | 21.5% | -281.5% | ||
| Q2 25 | 17.0% | -75.5% | ||
| Q1 25 | 11.2% | -120.0% | ||
| Q4 24 | 18.2% | 34.1% | ||
| Q3 24 | 24.0% | -69.8% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | 4.6% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.7% | 0.8% | ||
| Q1 25 | 1.8% | 1.5% | ||
| Q4 24 | 1.8% | 3.8% | ||
| Q3 24 | 1.7% | 0.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.59× | -28.34× | ||
| Q2 25 | 1.23× | -7.02× | ||
| Q1 25 | 1.11× | -102.07× | ||
| Q4 24 | 1.40× | 2.89× | ||
| Q3 24 | 1.72× | -7.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
