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Xylem vs IDEX: XYL and IEX compared
Xylem is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $952M for IDEX (Q3 2026). IDEX is growing faster (+8% against -3% a year earlier). IDEX is more profitable, with an operating margin of 21.9% against 17.5%.
Where the money goes: XYL and IEX
Xylem (XYL) · Q3 2026
Xylem, Q3 2026: revenue $2.2B (-3% year over year), operating margin 17.5%, net earnings $291M, operating cash flow $331M. The chart follows the revenue to costs, profit and cash.
IDEX (IEX) · Q3 2026
IDEX, Q3 2026: revenue $952M (+8% year over year), operating margin 21.9%, net earnings $144M, operating cash flow $240M. The chart follows the revenue to costs, profit and cash.
| Xylem (XYL) | IDEX (IEX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.2B | $952M |
| Revenue growth, Y/Y | -3% | +8% |
| Gross margin | 41.2% | 45.1% |
| Operating margin | 17.5% | 21.9% |
| Net earnings | $291M | $144M |
| Net margin | 13.2% | 15.1% |
| Operating cash flow | $331M | $240M |
| Free cash flow | $242M | $214M |
| Market value | $22.8B | $16.8B |
| P/E | 21.7× | 31.5× |
| Analysts’ mean target | $125.44 | $262.93 |
Where the revenue comes from
Xylem
- Product: $1.8B (82%)
- Service: $394M (18%)
IDEX
- Health & Science Technologies: $432M (45%)
- Fluid & Metering Technologies: $328M (34%)
- Fire & Safety/Diversified Products: $191M (20%)
Questions
Which is bigger, Xylem or IDEX?
Xylem is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $952M for IDEX (Q3 2026).
Is Xylem or IDEX growing faster?
IDEX is growing faster (+8% against -3% a year earlier).
Which is more profitable, Xylem or IDEX?
IDEX is more profitable, with an operating margin of 21.9% against 17.5%.
More: Xylem earnings · how Xylem makes money · IDEX earnings · how IDEX makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.