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Side-by-side financial comparison of IDEX Corporation (IEX) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $398.4M, roughly 1.2× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 0.4%, a 29.7% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 4.4%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-12.9M). Over the past eight quarters, OLYMPIC STEEL INC's revenue compounded faster (0.1% 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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
IEX vs ZEUS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $398.4M | $490.7M |
| Net Profit | $120.0M | $2.2M |
| Gross Margin | 99.9% | — |
| Operating Margin | 43.3% | 1.5% |
| Net Margin | 30.1% | 0.4% |
| Revenue YoY | 16.7% | 4.4% |
| Net Profit YoY | 25.7% | -21.2% |
| EPS (diluted) | $1.61 | $0.18 |
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 | — | ||
| Q3 25 | $878.7M | $490.7M | ||
| Q2 25 | $865.4M | $496.5M | ||
| Q1 25 | $814.3M | $492.9M | ||
| Q4 24 | $862.9M | $418.8M | ||
| Q3 24 | $798.2M | $470.0M |
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | — | ||
| Q3 25 | $127.8M | $2.2M | ||
| Q2 25 | $131.6M | $5.2M | ||
| Q1 25 | $95.5M | $2.5M | ||
| Q4 24 | $123.2M | $3.9M | ||
| Q3 24 | $119.1M | $2.7M |
| 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% | — | ||
| Q3 25 | 21.1% | 1.5% | ||
| Q2 25 | 21.7% | 2.3% | ||
| Q1 25 | 17.4% | 1.6% | ||
| Q4 24 | 19.2% | 2.1% | ||
| Q3 24 | 21.0% | 1.7% |
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | — | ||
| Q3 25 | 14.5% | 0.4% | ||
| Q2 25 | 15.2% | 1.1% | ||
| Q1 25 | 11.7% | 0.5% | ||
| Q4 24 | 14.3% | 0.9% | ||
| Q3 24 | 14.9% | 0.6% |
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | — | ||
| Q3 25 | $1.70 | $0.18 | ||
| Q2 25 | $1.74 | $0.45 | ||
| Q1 25 | $1.26 | $0.21 | ||
| Q4 24 | $1.61 | $0.33 | ||
| Q3 24 | $1.57 | $0.23 |
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 | $7.5M |
| Total DebtLower is stronger | — | $240.9M |
| Stockholders' EquityBook value | $4.0B | $579.1M |
| Total Assets | $6.9B | $1.1B |
| 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 | $7.5M | ||
| Q2 25 | $568.2M | $14.8M | ||
| Q1 25 | $594.1M | $13.3M | ||
| Q4 24 | $620.8M | $11.9M | ||
| Q3 24 | $633.2M | $11.1M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | $240.9M | ||
| Q2 25 | $1.9B | $233.2M | ||
| Q1 25 | $2.0B | $235.4M | ||
| Q4 24 | $2.0B | $272.5M | ||
| Q3 24 | $2.1B | $197.3M |
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | $579.1M | ||
| Q2 25 | $4.0B | $578.2M | ||
| Q1 25 | $3.9B | $574.2M | ||
| Q4 24 | $3.8B | $573.9M | ||
| Q3 24 | $3.8B | $570.6M |
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | — | ||
| Q3 25 | $7.0B | $1.1B | ||
| Q2 25 | $6.9B | $1.1B | ||
| Q1 25 | $6.8B | $1.1B | ||
| Q4 24 | $6.7B | $1.0B | ||
| Q3 24 | $7.0B | $1.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.48× | 0.42× | ||
| Q2 25 | 0.46× | 0.40× | ||
| Q1 25 | 0.50× | 0.41× | ||
| Q4 24 | 0.52× | 0.47× | ||
| Q3 24 | 0.55× | 0.35× |
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 | — | $-5.4M |
| Free Cash FlowOCF − Capex | $86.0M | $-12.9M |
| FCF MarginFCF / Revenue | 21.6% | -2.6% |
| Capex IntensityCapex / Revenue | 4.4% | 1.5% |
| Cash ConversionOCF / Net Profit | — | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $654.3M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | — | ||
| Q3 25 | $203.5M | $-5.4M | ||
| Q2 25 | $161.7M | $15.5M | ||
| Q1 25 | $105.7M | $49.4M | ||
| Q4 24 | $172.6M | $14.6M | ||
| Q3 24 | $205.3M | $24.6M |
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | — | ||
| Q3 25 | $188.7M | $-12.9M | ||
| Q2 25 | $146.9M | $6.8M | ||
| Q1 25 | $91.4M | $40.6M | ||
| Q4 24 | $157.1M | $7.4M | ||
| Q3 24 | $191.6M | $15.6M |
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | — | ||
| Q3 25 | 21.5% | -2.6% | ||
| Q2 25 | 17.0% | 1.4% | ||
| Q1 25 | 11.2% | 8.2% | ||
| Q4 24 | 18.2% | 1.8% | ||
| Q3 24 | 24.0% | 3.3% |
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 1.7% | 1.5% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 1.8% | 1.8% | ||
| Q4 24 | 1.8% | 1.7% | ||
| Q3 24 | 1.7% | 1.9% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.59× | -2.50× | ||
| Q2 25 | 1.23× | 2.96× | ||
| Q1 25 | 1.11× | 19.70× | ||
| Q4 24 | 1.40× | 3.75× | ||
| Q3 24 | 1.72× | 9.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IEX
Segment breakdown not available.
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
