Dashboard|IESC – Overview

IESC

IES Holdings, Inc.

Materials • CIK: 0001048268

Market Cap

$7.92B

P/E (TTM)

25.1x

Rev Growth (TTM)

—

Net Margin (TTM)

9.3%

FCF Yield (TTM)

—

FCF Margin (TTM)

-2.0%

LATEST EARNINGS

•

Q1 FY2026

•

about 1 month ago

•View source

Revenue

$871.00M

+16.2%

Net Income

$91.40M

+62.3%

EPS

$4.51

+65.8%

Gross

25.3%↑ +1.5%

Operating

11.2%↑ +1.3%

Net

10.5%↑ +3.0%

•Revenue increased 16% year-over-year to $871 million, driven by strong demand in Communications, Infrastructure Solutions, and Commercial & Industrial segments, particularly from data centers.
•Operating income grew 31% year-over-year to $97.7 million, reflecting increased revenue, effective project execution, and improved operating margins.
•Net income attributable to IES increased 62% year-over-year to $91.4 million, with diluted EPS rising to $4.51 from $2.72.
•Backlog increased to $2.6 billion as of December 31, 2025, up from $1.75 billion in the prior year, indicating strong future revenue potential.

View Full Earnings →

Cash Flow Health

Free Cash Flow4/8 positive

TTM$-68M

Q4 '25

$112M+50%

Q3 '25

$75M+541%

FCF Margin

TTM-2.0%

Q4 '2512.5%+48%

Sector: 0.8%Below Avg

OCF Margin–

OCF/NI–

CapEx Coverage–

FCF Yield–

FCF Growth (2Y)–

Cash Conversion Cycle

0 days

DSO: 0+DIO: 0−DPO: 0

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Total Shareholder YieldFY

FY0.0%

Div Yield0.0%

Buyback (FY)0.5%

Insufficient data

Dividend & Payout Metrics

Dividend Yield (TTM)0.0%

Free Cash Flow (TTM)$-68.4M

Stock Repurchases (FY)$41.6M

Capital Return / FCF0.0%

Est. Dividends Paid (TTM)$0

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

–

P25MedianP75

(med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

0.0%

Asset Turnover

0.00x

Leverage (1+D/E)

1.00x

D/E: 0.00x

Asset & CapEx Efficiency

CapEx/Depreciation

1.46x

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 6 quarters + TTM

Metric	TTM	Q4 2025	Q3 2025	Q2 2025	Q4 2024	Q3 2024	Q2 2024
Revenue	$3.4B	$897.8M↑0.9%	$890.2M↑6.7%	$834.0M↑7.5%	$775.8M↑1.0%	$768.4M↑8.9%	$705.7M
Operating Income	$867.9M	$104.3M↓6.8%	$111.9M↑20.7%	$92.7M↑23.6%	$75.0M↓16.8%	$90.2M↑16.0%	$77.7M
Net Income	$315.6M	$102.3M↑32.4%	$77.2M↑9.3%	$70.7M↑7.9%	$65.5M↑5.4%	$62.1M↑17.4%	$52.9M
Operating Cash Flow	N/A	$132.0M↑43.5%	$92.0M↓0.9%	$92.8M↑11.9%	$82.9M	N/A	N/A
Free Cash Flow	$-68.4M	$112.0M↑49.7%	$74.8M↑541.5%	$-17.0M↓121.6%	$78.5M↑20.1%	$65.4M↑1055.5%	$-6.8M
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

25.1x

Valuation Lenses

Earnings

25.1x

vs – sector

Cash Flow

0.0x

EV/FCF vs –

Growth-Adj

–PEG

N/A

Quality-Adj

–P/E per %ROIC

ROIC: –

Shareholder Returns

Dividend

–

Buyback

–

Total Yield

–

Market Cap$7.92B

EV$0

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

–/100

Unknown

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)

–

8Q:–

Return on Invested Capital (ROIC)

–

8Q:–

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 0.0%

Asset Turnover: 0.00x

Earnings Quality

Cash Conversion

–

OCF / Net Income

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin25.5%

Capital Efficiency

Invested Capital Turnover–

Working Capital

Cash Conversion Cycle0 days

Growth Quality & Momentum

Growth Rates

Revenue Growth YoY

N/A

OpInc Growth YoY

15.7%

EPS Growth YoY

N/A

FCF 3Y CAGR

N/A

Margin Quality & Sustainability

Low Quality

Profitability Cascade

Gross

25.5%

Operating

25.5%

Top 25% in sector

Net

9.3%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

-11.3 pts

FCF: -2.0% | Net: 9.3%

FCF margin lags net margin by 11.3 pts

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress

Net Debt / EBITDA

Net Cash

(0.0x)Net Cash: $231.76M

Interest Coverage

–

+Net cash position: $231.76M

Leverage Metrics

Debt-to-Equity

0.00x

Balance sheet risk & solvency analysis