IESC

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IES Holdings, Inc.

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Key Metrics

Previous Close: $697.38
52-Week Range: $323.64 – $816.51
Market Cap: $13.61B
P/E (TTM): 30.97
EPS (TTM): 22.06
Dividend Yield: —

Advanced Metrics

Price/Book: 11.07
PEG Ratio: —
Return on Equity: 44.52%
Return on Assets: 16.47%
Gross Margin: 26.30%
Operating Margin: 14.36%
Profit Margin: 11.44%
Current Ratio: 1.63
Debt/Equity: 0.06
Total Debt: $76.94M
Free Cash Flow: $329.44M
Revenue Growth: 39.60%
Earnings Growth: 98.70%
Enterprise Value: $13.31B

IESC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.17B	$2.38B	$2.88B	$3.37B
Cost of Revenue	$1.85B	$1.93B	$2.19B	$2.51B
Gross Profit	$318.93M	$444.54M	$696.59M	$859.50M
Selling, General & Admin	$262.71M	$298.63M	$396.68M	$474.98M
Operating Expenses	$262.71M	$298.63M	$396.68M	$474.98M
Operating Income	$56.22M	$145.91M	$299.91M	$384.52M
EBITDA	$81.24M	$190.71M	$342.82M	$442.17M
Pretax Income	$53.00M	$158.55M	$304.67M	$393.88M
Income Tax	$12.81M	$38.76M	$72.17M	$96.81M
Net Income	$34.76M	$108.29M	$219.12M	$305.98M
Diluted EPS	1.44	4.54	9.89	15.02
Diluted Shares	20.89M	20.41M	20.41M	20.18M

IESC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$24.85M	$75.77M	$100.83M	$127.17M
Receivables	$487.87M	$489.39M	$619.76M	$721.32M
Inventory	$96.33M	$95.66M	$101.73M	$111.54M
Current Assets	$624.40M	$671.30M	$871.69M	$1.09B
Total Assets	$934.71M	$981.60M	$1.24B	$1.60B
Current Liabilities	$401.89M	$400.57M	$522.55M	$633.43M
Long-Term Debt	$81.63M	—	—	—
Total Debt	$137.09M	$61.59M	$62.43M	$88.09M
Total Liabilities	$544.23M	$481.66M	$591.92M	$707.70M
Retained Earnings	$203.20M	$295.78M	$497.76M	$800.82M
Shareholders' Equity	$361.29M	$449.99M	$611.11M	$883.96M
Working Capital	$222.51M	$270.73M	$349.14M	$452.05M
Net Debt	$56.78M	—	—	—

IESC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$16.26M	$153.90M	$234.40M	$286.10M
Capital Expenditure	-$29.25M	-$17.67M	-$45.16M	-$67.25M
Free Cash Flow	-$12.99M	$136.24M	$189.25M	$218.84M
Depreciation & Amortisation	$25.47M	$29.41M	$37.10M	$46.94M
Stock-Based Compensation	$3.77M	$4.37M	$5.53M	$12.93M
Investing Cash Flow	-$29.54M	$2.77M	-$108.85M	-$163.69M
Financing Cash Flow	$15.02M	-$105.75M	-$100.50M	-$96.07M
Share Repurchases	-$18.56M	-$8.28M	-$44.03M	-$41.64M
Net Change in Cash	$1.74M	$50.92M	$25.06M	$26.34M

IESC Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$890.16M	$897.80M	$870.96M	$974.28M	$1.24B
Cost of Revenue	$650.56M	$664.80M	$650.94M	$719.50M	$902.03M
Gross Profit	$239.60M	$233.00M	$220.01M	$254.79M	$340.66M
Selling, General & Admin	$127.33M	$128.56M	$121.81M	$142.44M	$162.17M
Operating Expenses	$127.33M	$128.56M	$121.81M	$142.44M	$162.17M
Operating Income	$112.26M	$104.44M	$98.20M	$112.34M	$178.50M
EBITDA	$120.80M	$121.37M	$128.94M	$166.10M	$222.64M
Pretax Income	$108.75M	$108.79M	$115.95M	$148.63M	$204.84M
Income Tax	$29.46M	$21.27M	$28.41M	$38.32M	$51.29M
Net Income	$77.23M	$101.79M	$91.44M	$109.91M	$152.97M
Diluted EPS	3.81	4.99	4.51	5.44	7.57
Diluted Shares	20.10M	20.15M	20.17M	20.19M	20.20M

IESC Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$101.44M	$127.17M	$88.83M	$48.66M	$77.28M
Receivables	$708.74M	$721.32M	$714.69M	$874.80M	$982.02M
Inventory	$108.78M	$111.54M	$110.41M	$126.68M	$133.60M
Current Assets	$1.01B	$1.09B	$1.11B	$1.29B	$1.53B
Total Assets	$1.47B	$1.60B	$1.66B	$1.99B	$2.28B
Current Liabilities	$546.57M	$633.43M	$615.63M	$833.03M	$941.73M
Long-Term Debt	$20.00M	—	—	—	—
Total Debt	$72.67M	$88.09M	$65.79M	$107.38M	$76.94M
Total Liabilities	$647.30M	$707.70M	$693.17M	$916.79M	$1.04B
Retained Earnings	$700.33M	$800.82M	$891.84M	$1.00B	$1.15B
Shareholders' Equity	$781.44M	$883.96M	$961.08M	$1.07B	$1.23B
Working Capital	$466.28M	$452.05M	$494.14M	$461.76M	$592.87M

IESC Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$91.99M	$132.00M	$27.70M	$103.29M	$108.43M
Capital Expenditure	-$17.15M	-$19.98M	-$46.57M	-$31.83M	-$44.63M
Free Cash Flow	$74.84M	$112.02M	-$18.87M	$71.45M	$63.80M
Depreciation & Amortisation	$11.66M	$12.24M	$12.67M	$16.09M	$16.95M
Stock-Based Compensation	$4.33M	$3.52M	$3.77M	$3.55M	$3.82M
Investing Cash Flow	-$17.00M	-$49.59M	-$46.24M	-$174.89M	-$44.41M
Financing Cash Flow	$11.03M	-$63.69M	-$19.80M	$32.30M	-$36.28M
Share Repurchases	-$5.33M	-$51.00K	-$17.67M	-$1.72M	-$136.00K
Net Change in Cash	$86.02M	$18.72M	-$38.34M	-$39.30M	$27.75M

Market Snapshot

About

IES Holdings, Inc. is a holding company that provides electrical and mechanical contracting services through its operating subsidiaries. The company serves commercial, industrial, and residential markets with offerings that include electrical infrastructure installation, communications infrastructure, and renewable energy solutions including solar power installations. IES operates through multiple segments including Communications, Residential, Infrastructure Solutions, and Commercial & Industrial, serving customers across the United States. The company's services range from single-family residential electrical work to large-scale commercial and industrial projects, data center construction, and utility-scale infrastructure development. IES has grown through both organic expansion and strategic acquisitions of regional electrical contracting firms.