IES Holdings, Inc. (IESC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$2.42	$3.79	+56.6%	—	$1.2B	—
Q2 26	$1.98	$2.72	+37.4%	—	$974.3M	—
Q4 25	$1.56	$2.5	+60.3%	—	$897.8M	—
Q3 25	$1.78	$1.91	+7.3%	—	$890.2M	—
Q2 23	—	$1.07	—	—	$568.9M	—
Q1 23	—	$0.82	—	—	$574.9M	—
Q4 22	—	$0.95	—	—	$617.4M	—
Q3 22	—	$0.46	—	—	$567.3M	—
Q2 22	—	-$0.36	—	—	$501.6M	—
Q1 22	—	$0.83	—	—	$480.5M	—
Q4 21	—	$1.3	—	—	$483.8M	—
Q3 21	—	$0.99	—	—	$405.9M	—
Q2 21	—	$0.71	—	—	$332M	—
Q1 21	—	$0.71	—	—	$314.8M	—
Q4 20	—	$1.05	—	—	$330.4M	—
Q3 20	—	$0.61	—	—	$293.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$7.61	—	—	$3.4B	—
FY24	—	$10	—	—	$2.9B	—
FY23	—	$4.58	—	—	$2.4B	—
FY22	—	$1.45	—	—	$2.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$696M	$810.7M	$876.8M	$1.1B	$1.2B	$1.5B	$2.2B	$2.4B	$2.9B	$3.4B
YoY change	+21.3%	+16.5%	+8.15%	+22.8%	+10.6%	+29%	+41%	+9.71%	+21.3%	+16.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	696M	810.7M	876.8M	1.1B	1.2B	1.5B	2.2B	2.4B	2.9B	3.4B
Cost of revenue	569M	670.2M	726.9M	894.9M	962.9M	1.2B	1.8B	1.9B	2.2B	2.5B
Gross profit	127M	140.5M	150M	182.1M	228M	288M	318.9M	444.5M	696.6M	859.5M
Gross margin	18.2%	17.3%	17.1%	16.9%	19.1%	18.7%	14.7%	18.7%	24.2%	25.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	100.6M	120.4M	123.9M	140.6M	170.9M	202.3M	262.7M	298.6M	396.7M	475M
Operating expenses	100.6M	120.4M	123.9M	140.6M	170.9M	202.3M	262.7M	298.6M	396.7M	475M
Operating income	26.4M	20.1M	26M	41.5M	57M	85.7M	56.2M	145.9M	299.9M	384.5M
Operating margin	3.8%	2.48%	2.97%	3.86%	4.79%	5.58%	2.59%	6.14%	10.4%	11.4%
Non-operating income, net	-1.4M	379K	252K	470K	-7M	122K	-255K	15.1M	2.1M	8.3M
Pretax income	23.8M	18.8M	24.3M	40.1M	49.3M	84.9M	53M	158.5M	304.7M	393.9M
Income tax	-97.1M	5.2M	38.2M	6.7M	8.7M	16.2M	12.8M	38.8M	72.2M	96.8M
Net income	120.9M	13.6M	-13.8M	33.5M	40.6M	68.7M	40.2M	119.8M	232.5M	311.8M
Net margin	17.4%	1.68%	-1.57%	3.11%	3.41%	4.47%	1.85%	5.04%	8.06%	9.25%
EBITDA	31.8M	29.6M	35M	50.9M	69.4M	107.7M	81.4M	176.8M	341.9M	443.2M
EPS	5.63	0.62	-0.67	1.56	1.96	3.19	1.45	4.58	10	7.61
Diluted EPS	5.62	0.62	-0.67	1.55	1.94	3.15	1.44	4.54	9.89	7.51

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	649M	634.4M	705.7M	768.4M	775.8M	749.5M	834M	890.2M	897.8M	871M	974.3M	1.2B
Cost of revenue	508.5M	490.6M	534.1M	573.6M	589.4M	571.5M	625.1M	650.6M	664.8M	650.9M	719.5M	902M
Gross profit	140.6M	143.8M	171.6M	194.8M	186.4M	178M	208.9M	239.6M	233M	220M	254.8M	340.7M
Gross margin	21.7%	22.7%	24.3%	25.3%	24%	23.8%	25%	26.9%	26%	25.3%	26.2%	27.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	87.2M	85.8M	95.3M	104.7M	110.9M	103M	116M	127.3M	128.6M	121.8M	142.4M	162.2M
Operating expenses	87.2M	85.8M	95.3M	104.7M	110.9M	103M	116M	127.3M	128.6M	121.8M	142.4M	162.2M
Operating income	53.4M	58M	76.3M	90.1M	75.5M	75M	92.8M	112.3M	104.4M	98.2M	112.3M	178.5M
Operating margin	8.22%	9.13%	10.8%	11.7%	9.74%	10%	11.1%	12.6%	11.6%	11.3%	11.5%	14.4%
Non-operating income, net	360K	253K	-854K	-1.5M	4.2M	2.2M	5.5M	-3.4M	4M	17.4M	37.4M	26.9M
Pretax income	53.3M	59M	76.2M	89.2M	80.3M	77.7M	98.7M	108.8M	108.8M	115.9M	148.6M	204.8M
Income tax	12.3M	15.4M	19.4M	22.6M	14.8M	20M	26.1M	29.5M	21.3M	28.4M	38.3M	51.3M
Net income	41M	43.6M	56.8M	66.6M	65.5M	57.7M	72.6M	79.3M	102.3M	91.8M	110.3M	153.5M
Net margin	6.32%	6.87%	8.05%	8.67%	8.44%	7.7%	8.7%	8.91%	11.4%	10.5%	11.3%	12.4%
EBITDA	63.1M	66.9M	83M	100.1M	91.9M	89.6M	110.9M	121.2M	121.5M	112.5M	128.9M	196.4M
EPS	—	1.89	2.32	2.71	3.1	2.76	3.54	3.86	2.53	2.29	2.75	3.83
Diluted EPS	—	1.87	2.29	2.67	3.06	2.72	3.5	3.81	2.5	2.25	2.72	3.79

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	189.3M	184.1M	206.7M	217M	330.3M	474.9M	285.4M	665.2M	2B	—	12.8B
Enterprise value	185.6M	185.2M	210M	198.4M	308.6M	534.2M	397.7M	651M	1.9B	—	12.6B
Shares outstanding	21.3M	21.3M	21.2M	21.1M	20.8M	20.8M	20.7M	20.2M	20.2M	39.8M	39.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	1.57	13.5	—	6.48	8.15	6.92	7.1	5.55	8.65	—	28.8
P/S	0.27	0.23	0.24	0.2	0.28	0.31	0.13	0.28	0.7	—	3.24
P/B	0.84	0.77	0.92	0.87	1.16	1.28	0.73	1.33	3.09	—	10.5
EV/EBITDA	5.83	6.25	6.01	3.9	4.45	4.96	4.88	3.68	5.67	—	22.9
EV/Sales	0.27	0.23	0.24	0.18	0.26	0.35	0.18	0.27	0.67	—	3.16
Earnings yield	63.9%	7.38%	—	15.4%	12.3%	14.5%	14.1%	18%	11.6%	—	3.47%
FCF yield	11.4%	9.65%	3.71%	14.9%	21.8%	6.43%	-4.55%	20.5%	9.41%	—	2.57%
PEG	—	—	—	—	—	—	—	—	—	—	-44.5

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	18.2%	17.3%	17.1%	16.9%	19.1%	18.7%	14.7%	18.7%	24.2%	25.5%	27.4%
Operating margin	3.8%	2.48%	2.97%	3.86%	4.79%	5.58%	2.59%	6.14%	10.4%	11.4%	14.4%
Net margin	17.4%	1.68%	-1.57%	3.11%	3.41%	4.47%	1.85%	5.04%	8.06%	9.25%	11.4%
ROE	53.7%	5.66%	-6.17%	13.4%	14.2%	18.5%	10.3%	24%	35.7%	35.1%	44.5%
ROA	30.7%	3.2%	-3.27%	7.52%	7.23%	8.96%	4.3%	12.2%	18.7%	19.5%	16.5%
ROIC	11.9%	6.03%	0%	15%	17.8%	16.1%	8.48%	22.7%	39.5%	39%	40.6%
Return on tangible assets	48.2%	5.07%	-5.32%	11.5%	10.8%	16.7%	6.63%	17.5%	24.1%	24%	24%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.58	1.54	1.6	1.53	1.53	1.55	1.55	1.68	1.67	1.71	1.63
Quick ratio	1.48	1.43	1.47	1.42	1.43	1.33	1.31	1.44	1.47	1.54	1.49
Debt / equity	0.13	0.12	0.13	0	0.11	0.22	0.35	0.12	0.1	0.1	0.06
Debt / assets	0.07	0.07	0.07	0	0.06	0.11	0.15	0.06	0.05	0.06	0.03
Net debt / EBITDA	-0.12	0.04	0.09	-0.37	-0.31	0.55	1.38	-0.08	-0.21	-0.32	-0.56
Interest coverage	26.4	14.4	15.7	27.1	79.9	112.1	20.1	58.6	290.9	295.2	201.1
Effective tax rate	0%	27.7%	100%	16.6%	17.7%	19.1%	24.2%	24.4%	23.7%	24.6%	24.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	32.7	38.1	41.4	51.1	57.3	73.9	104.8	117.7	143.1	84.6	100.2
EPS (basic)	5.63	0.62	-0.67	1.56	1.96	3.19	1.45	4.58	10	7.61	7.61
EPS (diluted)	5.62	0.62	-0.67	1.55	1.94	3.15	1.44	4.54	9.89	7.51	11.3
Book value per share	10.6	11.3	10.6	11.8	13.7	17.8	18.9	24.8	32.3	22.3	30.8
FCF per share	1.01	0.83	0.36	1.54	3.46	1.47	-0.63	6.75	9.39	5.49	8.27
Cash per share	1.55	1.33	1.24	0.9	2.58	1.11	1.2	3.75	6.74	5.82	9.73
Capex per share	0.16	0.22	0.22	0.3	0.23	0.36	1.42	0.87	2.24	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.49%	0.57%	0.52%	0.58%	0.4%	0.48%	1.35%	0.74%	1.57%	—	—
Capex / operating cash flow	58.5%	14.5%	61%	27.6%	8.31%	48.2%	-82.8%	9.52%	23.1%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$649M	$634.4M	$705.7M	$768.4M	$775.8M	$749.5M	$834M	$890.2M	$897.8M	$871M	$974.3M	$1.2B
YoY change	+5.12%	+10.4%	+24.1%	+31.5%	+19.5%	+18.1%	+18.2%	+15.8%	+15.7%	+16.2%	+16.8%	+39.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	33M	28.3M	26.2M	18.9M	53.6M	23.1M	24.8M	75.8M	135.8M	231.8M
Receivables	124.4M	142.9M	151.6M	186.3M	253.9M	328M	435.8M	440.8M	559.6M	—
Inventory	13.2M	16.9M	21M	21.5M	24.9M	68.6M	96.3M	95.7M	101.7M	111.5M
Total current assets	209.7M	231.8M	262.7M	296.5M	371.4M	484.2M	624.4M	671.3M	871.7M	1.1B
Property, plant & equipment	11.9M	13M	12.9M	12.1M	43.6M	66.9M	88.1M	91.4M	140.3M	196.4M
Goodwill & intangibles	143.3M	156.2M	162.6M	154.5M	186.2M	356M	328.7M	297.2M	279.7M	298.9M
Total assets	394.3M	424.5M	422M	445.3M	560.5M	766.6M	934.7M	981.6M	1.2B	1.6B
Accounts payable	65M	63.2M	75.3M	85.3M	93.3M	137M	185M	138.6M	149.4M	209.4M
Short-term debt	—	—	—	—	11.1M	14M	17.3M	19.5M	22M	26.1M
Total current liabilities	133.1M	150.6M	164.4M	193.5M	242.4M	311.6M	401.9M	400.6M	522.6M	633.4M
Long-term debt	29.3M	29.4M	29.6M	299K	20.7M	68.4M	119.8M	42.1M	40.4M	62M
Total liabilities	169.1M	184.5M	198.4M	195.7M	275.4M	396.1M	544.2M	481.7M	591.9M	707.7M
Shareholders' equity	225.2M	240M	223.6M	249.5M	285.1M	370.5M	390.5M	499.9M	652.1M	888M
Total debt	29.3M	29.4M	29.6M	299K	31.8M	82.4M	137.1M	61.6M	62.4M	88.1M
Net debt	-3.7M	1.1M	3.3M	-18.6M	-21.8M	59.3M	112.2M	-14.2M	-38.4M	-39.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	75.8M	87.5M	106M	44.9M	135.8M	112M	88.3M	168.3M	231.8M	258.7M	262.6M	387.9M
Receivables	440.8M	469.3M	503.6M	548.4M	559.6M	548.1M	611.4M	634M	652.1M	628.9M	774M	861.6M
Inventory	95.7M	113.8M	104.6M	106.9M	101.7M	104.3M	107.6M	108.8M	111.5M	110.4M	126.7M	133.6M
Total current assets	671.3M	727.6M	796.5M	788.6M	871.7M	843.9M	914.5M	1B	1.1B	1.1B	1.3B	1.5B
Property, plant & equipment	91.4M	128M	125.4M	185.5M	140.3M	201.9M	230.5M	241.5M	196.4M	311.7M	421.2M	459.4M
Goodwill & intangibles	297.2M	291.1M	284.9M	288.1M	279.7M	272.7M	274.6M	268.3M	298.9M	292M	375.3M	367.6M
Total assets	981.6M	1B	1.1B	1.2B	1.2B	1.3B	1.4B	1.5B	1.6B	1.7B	2B	2.3B
Accounts payable	138.6M	—	—	—	149.4M	—	—	—	209.4M	—	—	—
Short-term debt	19.5M	—	—	—	22M	—	—	—	26.1M	—	35M	—
Total current liabilities	400.6M	421.9M	434.2M	474.2M	522.6M	503M	538.2M	546.6M	633.4M	615.6M	833M	941.7M
Long-term debt	42.1M	42.3M	38.2M	38.7M	40.4M	41.1M	51.6M	72.7M	62M	65.8M	72.4M	76.9M
Total liabilities	481.7M	498.4M	506.2M	548.9M	591.9M	572.6M	618M	647.3M	707.7M	693.2M	916.8M	1B
Shareholders' equity	499.9M	543.6M	595M	606.4M	652.1M	692.4M	746.5M	822.4M	888M	965.2M	1.1B	1.2B
Total debt	61.6M	42.3M	38.2M	38.7M	62.4M	41.1M	51.6M	72.7M	88.1M	65.8M	107.4M	76.9M
Net debt	-14.2M	-45.1M	-67.8M	-6.2M	-38.4M	-18M	29.2M	-28.8M	-39.1M	-23M	58.7M	-335K

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	120.9M	13.6M	-13.8M	33.5M	40.6M	68.7M	40.2M	119.8M	232.5M	311.8M
Depreciation & amortization	5.7M	9.6M	8.9M	9.6M	12.5M	21.9M	25.5M	29.4M	37.1M	46.9M
Stock-based compensation	1.6M	1.7M	-136K	2.4M	3.3M	3.5M	3.8M	4.4M	5.5M	12.9M
Change in working capital	-24.2M	-379K	-25.9M	-28.6M	-4.5M	-90.7M	-104.9M	26.5M	-79.1M	-133.8M
Operating cash flow	5.8M	31.7M	7.5M	22.8M	57.1M	15.4M	-35.3M	185.5M	195.2M	286.1M
Capital expenditure	-3.4M	-4.6M	-4.6M	-6.3M	-4.7M	-7.4M	-29.3M	-17.7M	-45.2M	—
Investing cash flow	-60.7M	-24.5M	-11.9M	-5.7M	-33.6M	-99.6M	-30M	2.6M	-108.8M	-96.4M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-590K	-2.4M	-2.1M	-9.8M	-7.7M	-7M	-18.6M	-8.3M	-44M	-41.6M
Financing cash flow	19.4M	-2.7M	-2.4M	-40.3M	-8.5M	31.2M	15M	-105.8M	-100.5M	-96.1M
Net change in cash	-35.5M	4.5M	-6.8M	-23.2M	15M	-53M	-50.3M	82.4M	-14.1M	93.6M
Free cash flow	21.6M	17.8M	7.7M	32.4M	72M	30.5M	-13M	136.2M	189.2M	218.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	41M	43.6M	56.8M	66.6M	65.5M	57.7M	72.6M	79.3M	102.3M	91.8M	110.3M	153.5M
Depreciation & amortization	9.3M	7.6M	7.8M	10.6M	11.1M	11.1M	11.9M	11.7M	12.2M	12.7M	16.1M	16.9M
Stock-based compensation	1.1M	1.4M	1.5M	1.4M	1.2M	1.9M	3.1M	4.3M	3.5M	3.8M	3.5M	3.8M
Change in working capital	-25M	-16.3M	-20.9M	-19M	-22.9M	4.6M	-90.9M	-20.3M	-27.3M	1K	-89.3M	-86.3M
Operating cash flow	22.3M	37.4M	46.3M	61.7M	49.9M	75.6M	-3M	75.4M	132M	27.7M	103.3M	108.4M
Capital expenditure	-6.4M	-6.5M	-6.8M	-17.5M	-14.3M	-13.2M	-17M	-17.1M	—	—	—	—
Investing cash flow	-6.2M	-6.1M	-5.6M	-85M	-12.4M	-58.4M	-38.7M	27.9M	-74.5M	338K	-143.1M	225K
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-71K	-929K	-2.3M	-21.1M	-19.7M	-15.7M	-20.5M	-5.3M	-51K	-17.7M	-1.7M	-136K
Financing cash flow	-3.9M	-7.3M	-9.9M	-59M	-24.4M	-20.6M	-22.8M	11M	-63.7M	-19.8M	32.3M	-36.3M
Net change in cash	12.2M	24M	30.8M	-82.3M	13.1M	-3.5M	-64.5M	114.3M	-6.2M	8.2M	-7.5M	72.4M
Free cash flow	50.9M	18.4M	26.9M	65.4M	78.5M	24.1M	7.9M	—	—	—	—	63.8M

IES Holdings, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement