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Innovative Solutions and Support, Inc.

IA Industrials Aerospace & Defense

Innovative Solutions and Support, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $84.3 million, up 78.6% from fiscal 2024.

Revenue
+10.7%
EPS
+78.6%
Free cash flow
+31.1%
Total debt
+133.5%

Quarter to June 2026, against a year earlier

18.18 1.58 −8.00%
Market cap
$324.3M
P/E
17.0×
Fwd P/E
23.6×
Dividend yield
—
F-score
5/9
Altman Z
5.63
Beneish M
−2.01
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 4.88%

Capital & Financial Ratios $m

Size
Market Cap 324.34
Revenue ttm 93.15
Net income ttm 19.09
Free cash flow ttm 14.29
Net debt Q 43.62
Valuation
P/E 16.99
Forward P/E 23.60
Price / sales 3.49
Forward P/S Powerpack
Price / FCF 22.75
Price / book 4.21
Financial health
Current ratio Q 2.97 (at or above 1.5: strong)
Debt / equity Q 0.70
Interest coverage Q 5.93
Growth
Revenue growth Q +10.72% (above 0%: growing)
Operating income growth Q +71.54% (above 0%: growing)
EPS, this year +21.02% (at or above 15%: strong)
EPS, next year A +2.82%
Revenue, next year A +18.24% (at or above 10%: strong)
EPS, past 5 yrs +35.88% (at or above 15%: strong)
EPS, next 5 yrs A +14.18%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.0×, against a ten-year median of 3.5×; over the ten years it ranged from 1.0× in 2018 to 5.5× in 2023.
P/E against its own 10 years 18.70%
10-year low 10-year high
P/S against its own 10 years 43.16%
10-year low 10-year high
P/B against its own 10 years 72.31%
10-year low 10-year high
EV/Sales against its own 10 years 60.98%
10-year low 10-year high
EV/FCF against its own 10 years 53.64%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3 1 3 11
Receivables 10 13 13 16
Inventory 6 13 26 32
Other 3 2 5 2
35 35 51 64
2023 2024 2025 Q'26
Payables 1 2 4 10
ST’ Debt 2 — 2 6
Other 0 0 2 1
6 7 17 22

Compound Annual Growth %

10y 5y 3y
Sales 15.43% 31.31% 44.84%
Cash Flow 25.24% 43.42% 29.72%
Earnings 0.00% 36.73% 41.43%
Book Value 7.50% 18.40% 28.08%

EPS $

Dec Mar Jun Sep Year
’26 0.22 0.19 0.25 — —
’25 0.04 0.30 0.14 0.39 0.88
’24 0.06 0.07 0.09 0.18 0.40
’23 0.04 0.07 0.08 0.15 0.35
’22 0.07 0.08 0.08 0.10 0.32
’21 0.01 0.04 0.16 0.09 0.29
’20 0.02 0.03 0.07 0.07 0.19
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 22 22 27 — —
’25 16 22 24 22 84
’24 9 11 12 15 47
’23 7 7 8 13 35
’22 7 7 7 7 28
’21 5 5 6 7 23
’20 5 5 6 6 22
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 8 2 5 — —
’25 2 1 7 3 13
’24 4 0 1 0 6
’23 2 0 (1) 1 2
’22 2 2 3 0 6
’21 2 1 1 1 5
’20 0 0 0 2 2
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 7 1 5 — —
’25 2 0 4 2 7
’24 6 0 1 (4) 3
’23 2 0 (1) 1 2
’22 1 2 3 2 9
’21 2 0 1 1 4
’20 0 0 0 2 2
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 28 17 14 18 22 23 28 35 47 84 93 +13.0% 100 119 134 +16.6%
Gross margin, % 58.95 48.36 47.21 56.32 54.65 55.46 60.11 61.22 54.90 48.06 54.94 (10.9) pt
EBT 3 5 (4) 2 3 4 7 8 9 20 25 +25.7%
EBT margin, % 9.14 28.69 (25.92) 10.54 13.71 17.26 26.47 21.94 18.75 23.67 26.45 +14.5 pt
Net income 2 5 (4) 2 3 5 6 6 7 16 19 +25.8%
Per share, $
Per share, $ Revenue 1.65 1.00 0.82 1.04 1.27 1.34 1.61 2.00 2.70 4.80 5.21 +12.6%
Earnings 0.12 0.27 (0.22) 0.11 0.19 0.29 0.32 0.35 0.40 0.89 1.07 +24.9%
Cash flow 0.21 0.36 (0.10) 0.12 0.13 0.27 0.35 0.12 0.33 0.76 1.03 +15.3%
Capex (0.02) (0.01) (0.15) 0.00 (0.01) (0.02) 0.15 (0.02) (0.15) (0.37) (0.24) +37.7%
Free cash flow 0.19 0.35 (0.26) 0.12 0.12 0.25 0.50 0.10 0.18 0.39 0.80 +8.2%
Book value 1.94 2.25 2.03 2.15 1.64 1.43 1.78 2.22 2.67 3.68 4.32 +7.4%
Shares, m 17 17 17 17 17 17 17 17 17 18 18 +0.4%
Valuation, ×
Valuation, × P/E 28.13 13.43 0.00 42.73 36.00 23.09 26.15 22.41 16.30 14.19 16.99 22.2
P/S 1.93 3.63 2.99 4.51 5.37 5.25 5.37 3.81 2.41 2.60 3.49 3.8
P/B 1.64 1.62 1.21 2.19 4.17 4.92 4.84 3.43 2.44 3.40 4.21 3.0
EV/Sales 1.26 2.16 1.51 3.24 4.27 4.89 4.75 4.28 3.20 2.86 3.96 3.2
EV/FCF 10.97 6.13 (4.88) 28.07 44.43 26.51 15.17 82.92 48.54 35.48 25.80 29.3
Cash, $m
Cash, $m Operating cash flow 4 6 (2) 2 2 5 6 2 6 13 19 +15.8%
Capex 0 0 (3) 0 0 0 3 0 (3) (7) (4) +38.3%
Free cash flow 3 6 (4) 2 2 4 9 2 3 7 14 +8.7%
Balance, $m
Balance, $m Working capital 26 31 25 28 19 15 24 28 27 34 43 +3.1%
Net debt (19) (25) (20) (22) (24) (8) (17) 16 27 21 44 n/m
Shareholders’ equity 33 38 34 36 28 25 31 39 47 65 77 +7.8%
Returns, %
Returns, % ROA 5.47 11.79 (9.29) 4.86 8.16 14.76 17.88 12.34 9.63 16.83 15.93 +11.4 pt
ROIC 10.84 (0.38) (16.85) 6.93 42.59 14.90 33.33 8.36 8.15 14.58 13.19 +3.7 pt
ROE 6.19 12.97 (10.18) 5.26 10.22 19.35 19.96 17.37 16.41 28.10 28.50 +21.9 pt
People
People Employees 91 93 55 71 86 85 81 98 133 147 — +5.5%
Revenue/emp, $m 0.31 0.18 0.25 0.25 0.25 0.27 0.34 0.36 0.35 0.57 — +7.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Innovative Solutions and Support, Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EVEX Eve Holding, Inc. $547.1M — (loss-making) — — n/m +13.25% (above 0%: growing) 0.00% 0.00% Compare
PKE Park Aerospace Corp. $498.3M 31.4× 35.3× +26.92% (above 0%: growing) +75.00% (above 0%: growing) +21.48% (above 0%: growing) 34.32% 22.76% Compare
TATT TAT Technologies Ltd. $466.8M 19.7× 19.1× +20.18% (above 0%: growing) +59.62% (above 0%: growing) −113.36% (below 0%: shrinking) 30.93% 16.26% Compare
SATL Satellogic Inc. $444.3M — (loss-making) — (loss-making) +258.54% (above 0%: growing) n/m −178.72% (below 0%: shrinking) 82.27% 1.67% Compare
SPCE Virgin Galactic Holdings, Inc. $360.8M — (loss-making) — (loss-making) −67.00% (below 0%: shrinking) n/m +20.27% (above 0%: growing) 100.00% (48,452.24%) Compare
IA Innovative Solutions and Support, Inc. $324.3M 17.0× 23.6× +10.72% (above 0%: growing) +78.57% (above 0%: growing) +31.13% (above 0%: growing) 51.65% 22.55%
POWW Outdoor Holding Company $268.1M 76.7× 47.4× +22.12% (above 0%: growing) n/m −89.37% (below 0%: shrinking) 84.55% 22.76% Compare
PUSA Powerus Corporation $243.1M — (loss-making) — (loss-making) +17.65% (above 0%: growing) n/m +47.68% (above 0%: growing) 37.46% (107.76%) Compare
EH EHang Holdings Limited Unsponsored ADR $206.6M — (loss-making) — (loss-making) −44.12% (below 0%: shrinking) n/m −1,807.06% (below 0%: shrinking) 61.24% (169.14%) Compare
Median of peers $402.6M 31.4× 35.3× +20.18% — −38.06% 49.35% 0.84%

All 94 Aerospace & Defense stocks →

Pay and ownership Proxy statement filed 13 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.51m 3.54m 144.73
2024 2.97m 2.65m 92.88
2023 2.44m 2.39m 108.26

Ownership

Directors and executive officers, together 5.90%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Innovative Solutions and Support, Inc. (IA) Latest News

26 Oct

Impact 4 · · Business Wire

22 Oct

Impact 3 · · Insider Monkey

9 Sep

Impact 3 ·

24 Aug

Impact 4 ·

14 Aug

Impact 3 · · Moby transcript

13 Aug

Impact 4 · transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·

12 Aug

Impact 4 ·

21 Jul

Impact 4 ·

3 Jul

Impact 4 ·

29 Jun

Impact 3 ·

15 May

Impact 4 · · Simply Wall St.
Impact 3 · · Moby transcript

14 May

Impact 3 · · MarketBeat
Impact 3 · · Business Wire

25 Apr

Impact 3 ·

24 Apr

Impact 4 · · Insider Monkey

21 Apr

Impact 4 · · Simply Wall St.

20 Apr

Impact 4 ·

13 Apr

Impact 5 · · Zacks

6 Apr

Impact 4 · · Simply Wall St.

2 Apr

Impact 4 · · Business Wire
Impact 4 · · Business Wire

24 Mar

Impact 3 · · Insider Monkey

21 Mar

Impact 3 · · Simply Wall St.

20 Mar

Impact 4 · · Investor's Business Daily

9 Mar

Impact 3 · · Zacks

6 Mar

Impact 3 · · Simply Wall St.

24 Feb

Impact 4 · · TipRanks
stockrow.com/IA · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com