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. In the quarter to June 2026, revenue grew 10.7%, EPS grew 78.6%, free cash flow grew 31.1% and total debt rose 133.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

19.35 0.46 +2.44%
Market cap
$338.1M
P/E
18.1×
Fwd P/E
20.7×
Dividend yield
—
F-score
5/9
Altman Z
5.63
Beneish M
−2.01
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 4.88%

Capital & Financial Ratios $m

Market Cap 338.12
Revenue 93.15
Net Income 19.09
Free Cash Flow 14.29
Net Debt 43.62
Current Ratio 2.97 (at or above 1.5: strong)
Debt/Equity 0.70
P/E ratio 18.08
Fwd P/E 20.70
P/S ratio 3.71
P/B ratio 4.48
Past 5Y EPS Growth 35.88% (at or above 15%: strong)
This Y EPS Growth 21.02% (at or above 15%: strong)
Next Y EPS Growth 2.82%
Next Y revenue growth 18.24% (at or above 10%: strong)
Next 5Y EPS Growth 14.18%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 26.01%
10-year low 10-year high
P/S against its own 10 years 50.20%
10-year low 10-year high
P/B against its own 10 years 77.07%
10-year low 10-year high
EV/Sales against its own 10 years 67.82%
10-year low 10-year high
EV/FCF against its own 10 years 64.38%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2020 0.00
0.65
0.50
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 2.35 2.60 2.02 2.05 1.20 5.34 5.77 6.11 4.91 5.30

Analyst estimates 2026–2028

Powerpack
High 3.99 4.54 3.80 7.11 8.24 7.94 9.90 9.00 8.97 20.39
People
People Employees 91 93 55 71 86 85 81 98 133 147
Revenue/emp, $m 0.31 0.18 0.25 0.25 0.25 0.27 0.34 0.36 0.35 0.57
Income, $m
Income, $m Revenue 28 17 14 18 22 23 28 35 47 84
Gross margin, % 58.95 48.36 47.21 56.32 54.65 55.46 60.11 61.22 54.90 48.06
EBT 3 5 (4) 2 3 4 7 8 9 20
EBT margin, % 9.14 28.69 (25.92) 10.54 13.71 17.26 26.47 21.94 18.75 23.67
Net income 2 5 (4) 2 3 5 6 6 7 16
Depreciation 0 0 0 0 0 0 0 1 2 4
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
Earnings 0.12 0.27 (0.22) 0.11 0.19 0.29 0.32 0.35 0.40 0.89
Cash flow 0.21 0.36 (0.10) 0.12 0.13 0.27 0.35 0.12 0.33 0.76
Capex (0.02) (0.01) (0.15) 0.00 (0.01) (0.02) 0.15 (0.02) (0.15) (0.37)
Free cash flow 0.19 0.35 (0.26) 0.12 0.12 0.25 0.50 0.10 0.18 0.39
Book value 1.94 2.25 2.03 2.15 1.64 1.43 1.78 2.22 2.67 3.68
Shares, m 17 17 17 17 17 17 17 17 17 18
Valuation, ×
Valuation, × P/E 28.13 13.43 0.00 42.73 36.00 23.09 26.15 22.41 16.30 14.19
P/S 1.93 3.63 2.99 4.51 5.37 5.25 5.37 3.81 2.41 2.60
P/B 1.64 1.62 1.21 2.19 4.17 4.92 4.84 3.43 2.44 3.40
EV/Sales 1.26 2.16 1.51 3.24 4.27 4.89 4.75 4.28 3.20 2.86
EV/FCF 10.97 6.13 (4.88) 28.07 44.43 26.51 15.17 82.92 48.54 35.48
Cash, $m
Cash, $m Operating cash flow 4 6 (2) 2 2 5 6 2 6 13
Capex 0 0 (3) 0 0 0 3 0 (3) (7)
Free cash flow 3 6 (4) 2 2 4 9 2 3 7
Balance, $m
Balance, $m Working capital 26 31 25 28 19 15 24 28 27 34
Total debt — — — — 0 0 0 20 28 24
Net debt (19) (25) (20) (22) (24) (8) (17) 16 27 21
Shareholders’ equity 33 38 34 36 28 25 31 39 47 65
Returns, %
Returns, % ROA 5.47 11.79 (9.29) 4.86 8.16 14.76 17.88 12.34 9.63 16.83
ROIC 10.84 (0.38) (16.85) 6.93 42.59 14.90 33.33 8.36 8.15 14.58
ROE 6.19 12.97 (10.18) 5.26 10.22 19.35 19.96 17.37 16.41 28.10
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

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
SWBI Smith & Wesson Brands, Inc. $634.9M 26.2× 30.6× +32.34% (above 0%: growing) n/m −67.46% (below 0%: shrinking) 28.66% 3.75% Compare
SATL Satellogic Inc. $631.9M — (loss-making) — (loss-making) +258.54% (above 0%: growing) n/m −178.72% (below 0%: shrinking) 82.27% 1.67% Compare
EVEX Eve Holding, Inc. $582.0M — (loss-making) — — n/m +13.25% (above 0%: growing) 0.00% 0.00% Compare
PKE Park Aerospace Corp. $578.8M 36.5× — (loss-making) +26.92% (above 0%: growing) +75.00% (above 0%: growing) +21.48% (above 0%: growing) 34.32% 22.76% Compare
TATT TAT Technologies Ltd. $418.7M 20.4× 28.7× +22.81% (above 0%: growing) +106.67% (above 0%: growing) −146.68% (below 0%: shrinking) 25.16% 10.62% Compare
SPCE Virgin Galactic Holdings, Inc. $391.1M — (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. $338.1M 18.1× 20.7× +10.72% (above 0%: growing) +78.57% (above 0%: growing) +31.13% (above 0%: growing) 51.65% 22.55%
POWW Outdoor Holding Company $249.5M 72.7× — (loss-making) +22.12% (above 0%: growing) n/m −89.37% (below 0%: shrinking) 84.55% 22.76% Compare
EH EHang Holdings Limited Unsponsored ADR $219.5M — (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 $498.7M 31.4× — +22.81% — −78.41% 47.78% 2.71%

All 82 Aerospace & Defense stocks →

Innovative Solutions and Support, Inc. (IA) key facts

  • Strength: Innovative Solutions and Support, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $84.3 million, up 78.6% from fiscal 2024.
  • Innovative Solutions and Support, Inc. (IA) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, IA traded at $19.35, a market capitalization of $338.1 million.
  • Return on equity was 28.1% and debt-to-equity 0.70.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 5.63 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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

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