NASDAQ : IESC
IES Holdings, Inc. — Financial statements
Industrials · Engineering & Construction · United States
Last price 205.96 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.21B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
IES Holdings, Inc. (IESC) reported revenue of 3.99B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.99B | 3.37B | 2.88B | 2.38B | 2.17B | 1.54B |
| Cost of Revenue | 2.94B | 2.51B | 2.19B | 1.93B | 1.85B | 1.25B |
| Gross Profit | 1.05B | 859.50M | 696.59M | 444.54M | 318.93M | 288.00M |
| Selling, General & Admin | 554.99M | 474.98M | 396.68M | 298.62M | 260.41M | 202.25M |
| Operating Expenses | 554.99M | 474.98M | 396.68M | 298.62M | 260.41M | 202.25M |
| Operating Income | 493.48M | 384.52M | 299.91M | 145.91M | 58.52M | 85.75M |
| Interest Expense | -3.50M | -1.81M | -1.34M | -3.02M | -2.97M | -962.00K |
| Interest & Investment Income | 2.58M | 2.90M | 4.00M | |||
| Earnings From Equity Investments | 18.99M | 14.76M | ||||
| Other Non Operating Income (Expenses) | 2.97M | 1.78M | -661.00K | 1.79M | -37.00K | 286.00K |
| EBT Excluding Unusual Items | 514.52M | 402.15M | 301.91M | 144.69M | 55.51M | 85.07M |
| Gain (Loss) on Sale of Investments | 83.31M | 7.49M | 1.79M | |||
| Gain (Loss) on Sale of Assets | -119.00K | 155.00K | 1.68M | 14.14M | 69.00K | 47.00K |
| Legal Settlements | -2.30M | |||||
| Other Unusual Items | -516.00K | -1.15M | -714.00K | -277.00K | -277.00K | -211.00K |
| Pretax Income | 597.19M | 408.65M | 304.67M | 158.55M | 53.00M | 84.91M |
| Income Tax Expense | 139.29M | 96.81M | 72.17M | 38.76M | 12.81M | 16.23M |
| Earnings From Continuing Operations | 457.91M | 311.84M | 232.50M | 119.79M | 40.19M | 68.68M |
| Net Income to Company | 457.91M | 311.84M | 232.50M | 119.79M | 40.19M | 68.68M |
| Minority Interest in Earnings | -1.80M | -5.87M | -13.38M | -11.50M | -5.42M | -2.02M |
| Net Income | 456.11M | 305.98M | 219.12M | 108.29M | 34.76M | 66.66M |
| Preferred Dividends & Other Adjustments | 1.95M | 2.92M | 17.14M | 15.71M | 4.72M | 371.00K |
| Net Income to Common | 454.17M | 303.06M | 201.98M | 92.58M | 30.05M | 66.29M |
| Shares Outstanding (Basic) | 39.80M | 39.83M | 40.32M | 40.39M | 41.34M | 41.58M |
| Shares Outstanding (Diluted) | 40.36M | 40.37M | 40.83M | 40.83M | 41.79M | 42.17M |
| EPS (Basic) | 11.41 | 7.61 | 5.01 | 2.29 | 0.73 | 1.59 |
| EPS (Diluted) | 11.26 | 7.51 | 4.94 | 2.27 | 0.72 | 1.57 |
| Free Cash Flow | 228.40M | 218.84M | 189.25M | 136.24M | -12.99M | 30.52M |
| Free Cash Flow Per Share | 5.66 | 5.42 | 4.63 | 3.34 | -0.31 | 0.72 |
| Gross Margin | 26.30% | 25.49% | 24.15% | 18.70% | 14.72% | 18.74% |
| Operating Margin | 12.38% | 11.40% | 10.40% | 6.14% | 2.70% | 5.58% |
| Profit Margin | 11.39% | 8.99% | 7.00% | 3.89% | 1.39% | 4.31% |
| Free Cash Flow Margin | 5.73% | 6.49% | 6.56% | 5.73% | -0.60% | 1.99% |
| EBITDA | 551.44M | 431.46M | 337.01M | 175.32M | 83.98M | 107.66M |
| EBITDA Margin | 13.84% | 12.80% | 11.68% | 7.38% | 3.88% | 7.01% |
| D&A For EBITDA | 57.96M | 46.94M | 37.10M | 29.41M | 25.47M | 21.91M |
| EBIT | 493.48M | 384.52M | 299.91M | 145.91M | 58.52M | 85.75M |
| EBIT Margin | 12.38% | 11.40% | 10.40% | 6.14% | 2.70% | 5.58% |
| Effective Tax Rate | 23.32% | 23.69% | 23.69% | 24.45% | 24.18% | 19.12% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 77.28M | 127.17M | 100.83M | 75.77M | 24.85M | 23.11M |
| Short-Term Investments | 310.58M | 104.59M | 35.00M | |||
| Cash & Short-Term Investments | 387.86M | 231.76M | 135.84M | 75.77M | 24.85M | 23.11M |
| Receivables | 982.02M | 721.32M | 619.76M | 489.39M | 487.87M | 371.44M |
| Inventory | 133.60M | 111.54M | 101.73M | 95.66M | 96.33M | 68.57M |
| Prepaid Expenses | 31.11M | 20.87M | 14.37M | 10.48M | 15.35M | 21.07M |
| Total Current Assets | 1.53B | 1.09B | 871.69M | 671.30M | 624.40M | 484.18M |
| Property, Plant & Equipment | 459.37M | 271.62M | 196.15M | 125.17M | 120.56M | 82.30M |
| Long-Term Investments | 63.89M | 59.66M | 2.45M | 10.00K | ||
| Goodwill | 129.58M | 107.83M | 93.96M | 92.39M | 92.39M | 92.39M |
| Other Intangible Assets | 54.24M | 41.65M | 45.89M | 56.21M | 71.94M | 85.62M |
| Long-Term Deferred Tax Assets | 23.28M | 16.05M | 22.46M | 20.38M | 20.52M | 19.01M |
| Other Long-Term Assets | 10.77M | 13.37M | 13.87M | 16.15M | 2.45M | 3.11M |
| Total Assets | 2.28B | 1.60B | 1.24B | 981.60M | 934.71M | 766.62M |
| Accounts Payable | 581.65M | 209.36M | 149.38M | 138.59M | 184.96M | 136.97M |
| Accrued Expenses | 209.51M | 164.88M | 124.00M | 111.74M | 97.14M | |
| Current Portion of Leases | 30.33M | 26.54M | 23.80M | 20.25M | 15.01M | |
| Current Income Taxes Payable | 7.45M | 22.78M | 10.41M | |||
| Current Unearned Revenue | 357.58M | 176.78M | 158.97M | 103.77M | 84.94M | 62.49M |
| Total Current Liabilities | 941.73M | 633.43M | 522.55M | 400.57M | 401.89M | 311.60M |
| Long-Term Debt | 81.63M | 39.75M | ||||
| Long-Term Leases | 76.94M | 65.36M | 40.45M | 42.10M | 38.14M | 28.65M |
| Other Long-Term Liabilities | 22.53M | 8.91M | 28.92M | 39.00M | 22.57M | 16.08M |
| Total Liabilities | 1.04B | 707.70M | 591.92M | 481.66M | 544.23M | 396.07M |
| Common Stock | 220.00K | 220.00K | 220.00K | 220.00K | 220.00K | 220.00K |
| Additional Paid-In Capital | 214.55M | 210.67M | 203.46M | 203.43M | 201.87M | 201.90M |
| Retained Earnings | 1.15B | 800.82M | 497.76M | 295.78M | 203.20M | 173.13M |
| Treasury Stock | -140.03M | -127.75M | -90.33M | -49.45M | -44.00M | -29.30M |
| Total Common Equity | 1.23B | 883.96M | 611.11M | 449.99M | 361.29M | 345.95M |
| Minority Interest | 5.27M | 4.01M | 41.00M | 49.95M | 29.19M | 24.59M |
| Shareholders' Equity | 1.23B | 887.96M | 652.11M | 499.94M | 390.48M | 370.55M |
| Total Liabilities & Equity | 2.28B | 1.60B | 1.24B | 981.60M | 934.71M | 766.62M |
| Total Debt | 76.94M | 95.69M | 66.99M | 65.89M | 140.02M | 83.40M |
| Net Cash (Debt) | 310.92M | 136.07M | 68.85M | 9.88M | -115.17M | -60.30M |
| Net Cash Per Share | 7.70 | 3.37 | 1.69 | 0.24 | -2.76 | -1.43 |
| Filing Date Shares Outstanding | 39.85M | 39.71M | 39.94M | 40.39M | 40.42M | 41.37M |
| Total Common Shares Outstanding | 39.85M | 39.71M | 39.94M | 40.39M | 40.66M | 41.43M |
| Working Capital | 592.87M | 452.05M | 349.14M | 270.73M | 222.51M | 172.58M |
| Book Value Per Share | 30.85 | 22.26 | 15.30 | 11.14 | 8.89 | 8.35 |
| Tangible Book Value | 1.05B | 734.48M | 471.26M | 301.38M | 196.96M | 167.94M |
| Tangible Book Value Per Share | 26.23 | 18.50 | 11.80 | 7.46 | 4.84 | 4.05 |
| Land | 14.49M | 9.48M | 4.18M | 4.57M | 1.44M | |
| Buildings | 75.18M | 55.80M | 33.75M | 32.48M | 15.45M | |
| Machinery | 179.20M | 135.72M | 82.80M | 66.86M | 58.57M | |
| Construction In Progress | 12.12M | 6.58M | 1.37M | 539.00K | 1.31M | |
| Order Backlog | 2.37B | 1.79B |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 456.11M | 305.98M | 219.12M | 108.29M | 34.76M | 66.66M |
| Depreciation & Amortization | 57.96M | 46.94M | 37.10M | 29.41M | 25.47M | 21.91M |
| Other Amortization | 610.00K | 475.00K | 287.00K | 268.00K | 199.00K | 198.00K |
| Loss (Gain) From Sale of Assets | 119.00K | -155.00K | -1.68M | -14.14M | -69.00K | -47.00K |
| Loss (Gain) From Sale of Investments | -62.28M | -7.49M | -1.79M | |||
| Loss (Gain) on Equity Investments | -18.99M | -14.76M | ||||
| Stock-Based Compensation | 14.65M | 12.93M | 5.53M | 4.37M | 3.77M | 3.52M |
| Provision & Write-off of Bad Debts | 3.38M | 3.44M | 1.48M | -120.00K | 3.14M | 1.22M |
| Other Operating Activities | -1.67M | 2.56M | 12.26M | 16.68M | 5.39M | 13.74M |
| Change in Accounts Receivable | -200.92M | -88.62M | -97.49M | 6.37M | -95.85M | -68.82M |
| Change in Inventory | -20.26M | 4.15M | -3.52M | -1.14M | -27.76M | -30.52M |
| Change in Accounts Payable | 170.09M | 86.46M | 57.89M | -10.05M | 67.13M | 30.62M |
| Change in Unearned Revenue | 200.04M | 16.09M | 54.55M | 19.05M | 22.45M | 6.75M |
| Change in Other Net Operating Assets | -227.41M | -81.91M | -49.34M | -5.09M | -22.38M | -7.31M |
| Operating Cash Flow | 371.42M | 286.10M | 234.40M | 153.90M | 16.26M | 37.92M |
| Capital Expenditures | -143.03M | -67.25M | -45.16M | -17.67M | -29.25M | -7.40M |
| Sale of Property, Plant & Equipment | 764.00K | 833.00K | 3.69M | 20.60M | 219.00K | 295.00K |
| Cash Acquisitions | -172.87M | -52.37M | -67.00M | -92.46M | ||
| Investment in Securities | -44.90M | -380.00K | -165.00K | -500.00K | ||
| Investing Cash Flow | -315.13M | -163.69M | -108.85M | 2.77M | -29.54M | -99.57M |
| Long-Term Debt Issued | 996.40M | 2.90B | 2.38B | 1.92B | 1.32B | |
| Long-Term Debt Repaid | -1.00B | -2.90B | -2.47B | -1.88B | -1.28B | |
| Net Debt Issued (Repaid) | -24.49M | -4.38M | -4.26M | -86.00M | 40.52M | 39.68M |
| Issuance of Common Stock | 19.00K | 22.00K | 53.00K | |||
| Repurchase of Common Stock | -19.58M | -41.64M | -44.03M | -8.28M | -18.56M | -7.01M |
| Other Financing Activities | -43.40M | -50.04M | -52.23M | -11.49M | -7.00M | -1.50M |
| Financing Cash Flow | -87.46M | -96.07M | -100.50M | -105.75M | 15.02M | 31.17M |
| Net Cash Flow | -31.17M | 26.34M | 25.06M | 50.92M | 1.74M | -30.47M |
| Free Cash Flow | 228.40M | 218.84M | 189.25M | 136.24M | -12.99M | 30.52M |
| Free Cash Flow Margin | 5.73% | 6.49% | 6.56% | 5.73% | -0.60% | 1.99% |
| Free Cash Flow Per Share | 5.66 | 5.42 | 4.63 | 3.34 | -0.31 | 0.72 |
| Levered Free Cash Flow | 329.44M | 221.51M | 163.27M | 104.84M | -18.53M | -6.78M |
| Unlevered Free Cash Flow | 331.02M | 222.17M | 163.82M | 106.46M | -16.87M | -6.37M |
| Cash Interest Paid | 2.37M | 882.00K | 536.00K | 2.09M | 3.07M | 738.00K |
| Cash Income Tax Paid | 128.50M | 117.31M | 61.61M | 12.06M | 3.95M | 5.06M |
| Change in Working Capital | -78.46M | -63.83M | -37.90M | 9.14M | -56.41M | -69.28M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.21B | 7.90B | 3.99B | 1.33B | 566.40M | 951.17M |
| Enterprise Value | 7.90B | 7.84B | 4.04B | 1.41B | 721.56M | 1.03B |
| Last Close Price | 205.96 | 198.82 | 99.81 | 32.94 | 13.81 | 22.84 |
| PE Ratio | 18.30 | 26.05 | 19.75 | 14.37 | 18.85 | 14.35 |
| Forward PE | 16.37 | 12.29 | ||||
| PS Ratio | 2.06 | 2.34 | 1.38 | 0.56 | 0.26 | 0.62 |
| PB Ratio | 6.68 | 8.89 | 6.12 | 2.66 | 1.45 | 2.57 |
| P/TBV Ratio | 7.85 | 10.75 | 8.46 | 4.41 | 2.88 | 5.66 |
| P/FCF Ratio | 35.93 | 36.08 | 21.07 | 9.76 | 31.16 | |
| P/OCF Ratio | 22.10 | 27.60 | 17.01 | 8.64 | 34.83 | 25.08 |
| EV/Sales Ratio | 1.98 | 2.33 | 1.40 | 0.59 | 0.33 | 0.67 |
| EV/EBITDA Ratio | 14.32 | 18.17 | 11.98 | 8.06 | 8.59 | 9.59 |
| EV/EBIT Ratio | 16.00 | 20.39 | 13.46 | 9.68 | 12.33 | 12.04 |
| EV/FCF Ratio | 34.57 | 35.83 | 21.34 | 10.37 | 33.82 | |
| Debt / Equity Ratio | 0.06 | 0.11 | 0.10 | 0.13 | 0.36 | 0.23 |
| Debt / EBITDA Ratio | 0.13 | 0.21 | 0.18 | 0.33 | 1.34 | 0.67 |
| Debt / FCF Ratio | 0.34 | 0.44 | 0.35 | 0.48 | 2.73 | |
| Net Debt / Equity Ratio | -0.25 | -0.15 | -0.11 | -0.02 | 0.29 | 0.16 |
| Net Debt / EBITDA Ratio | -0.56 | -0.32 | -0.20 | -0.06 | 1.37 | 0.56 |
| Net Debt / FCF Ratio | -1.36 | -0.62 | -0.36 | -0.07 | -8.86 | 1.98 |
| Asset Turnover | 2.13 | 2.38 | 2.59 | 2.48 | 2.55 | 2.31 |
| Inventory Turnover | 24.24 | 23.56 | 22.17 | 20.13 | 22.41 | 26.72 |
| Quick Ratio | 1.46 | 1.50 | 1.45 | 1.41 | 1.28 | 1.27 |
| Current Ratio | 1.63 | 1.71 | 1.67 | 1.68 | 1.55 | 1.55 |
| Return on Equity (ROE) | 44.52% | 40.50% | 40.36% | 26.91% | 10.56% | 20.95% |
| Return on Assets (ROA) | 16.47% | 16.93% | 16.84% | 9.52% | 4.30% | 8.08% |
| Return on Invested Capital (ROIC) | 41.01% | 43.95% | 42.65% | 22.14% | 9.47% | 19.98% |
| Return on Capital Employed (ROCE) | 37.00% | 40.00% | 41.60% | 25.10% | 11.00% | 18.80% |
| Earnings Yield | 5.47% | 3.88% | 5.49% | 8.14% | 6.14% | 7.01% |
| FCF Yield | 2.78% | 2.77% | 4.75% | 10.24% | -2.29% | 3.21% |
| Buyback Yield / Dilution | 0.13% | 1.14% | -0.01% | 2.31% | 0.91% | 0.03% |