Saturday 17 October 2026 Export IESC’s income statement to Excel — free account

IES Holdings, Inc.

IESC Industrials Engineering & Construction

IES Holdings, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $3.4 billion, up 16.9% from fiscal 2024. In the quarter to June 2026, revenue grew 39.6%, EPS grew 98.7% and free cash flow fell 14.6%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three.

251.96 10.48 −3.99%

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Market cap: $10.6B
P/E: 22.1×
Fwd P/E: 36.6×
Dividend yield: —
F-score: 7/9
Altman Z: 10.63
Beneish M: −2.24
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 255.79

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	8	—	3	1	—	6	2	—	—	—	—

Insider Ownership 1.18%

Capital & Financial Ratios $m

Market Cap 10,570.00

Revenue 3,985.74

Net Income 457.91

Free Cash Flow 229.16

Net Debt (387.86)

Current Ratio 1.63

Debt/Equity 0.00

P/E ratio 22.08

Fwd P/E 36.60

P/S ratio 2.52

P/B ratio 8.17

Past 5Y EPS Growth 50.58%

This Y EPS Growth 69.40%

Next Y EPS Growth 16.77%

Next Y revenue growth 25.64%

Next 5Y EPS Growth 32.34%

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

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 78.12%

10-year low 10-year high

P/S against its own 10 years 93.22%

10-year low 10-year high

P/B against its own 10 years 87.69%

10-year low 10-year high

EV/Sales against its own 10 years 93.11%

10-year low 10-year high

EV/FCF against its own 10 years 82.24%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	76	136	232	388
Receivables	441	560	652	862
Inventory	96	102	112	134
Other	49	60	69	120
	671	872	1,085	1,535

	2023	2024	2025	Q'26
Payables	297	364	457	584
ST’ Debt	—	—	—	—
Other	104	159	177	358
	401	523	633	942

Compound Annual Growth %

	10y	5y	3y
Sales	19.37%	23.14%	15.88%
Cash Flow	37.90%	30.11%	160.08%
Earnings	33.75%	49.32%	116.06%
Book Value	24.17%	25.55%	34.75%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	871	974	1,243	—	—
’25	750	834	890	898	3,371
’24	634	706	768	776	2,884
’23	575	569	584	649	2,377
’22	481	502	567	617	2,167
’21	315	332	406	484	1,536
’20	276	291	293	330	1,191

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	28	103	108	—	—
’25	37	25	92	132	286
’24	25	34	83	93	234
’23	14	46	37	57	154
’22	(24)	22	(15)	34	16
’21	20	28	(13)	3	38
’20	11	22	23	21	77

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	(19)	72	64	—	—
’25	24	8	75	112	220
’24	19	29	63	82	193
’23	31	42	33	51	157
’22	(37)	12	(20)	31	(13)
’21	19	26	(15)	1	31
’20	10	20	22	20	72

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	2.26	2.72	3.79	—	—
’25	1.36	1.75	1.91	2.50	7.51
’24	0.94	1.15	1.34	1.53	4.95
’23	0.57	0.46	0.41	0.83	2.27
’22	0.35	(0.15)	0.26	0.36	0.72
’21	0.29	0.29	0.46	0.54	1.58
’20	0.20	0.15	0.29	0.34	0.97

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	4.90	7.03	7.31	7.61	6.87	20.89	12.47	17.50	38.13	73.26	Analyst estimates 2026–2028 Powerpack
	High	11.50	10.98	10.12	13.60	24.93	28.12	27.33	43.22	160.04	241.18
People
People	Employees	4,063	3,532	4,564	5,389	5,243	6,845	8,078	8,427	9,485	10,283
	Revenue/emp, $m	0.17	0.23	0.19	0.20	0.23	0.22	0.27	0.28	0.30	0.33
Income, $m
Income, $m	Revenue	696	811	877	1,077	1,191	1,536	2,167	2,377	2,884	3,371
	Gross margin, %	18.24	17.33	17.10	16.91	19.14	18.74	14.72	18.70	24.15	25.49
	EBT	24	19	24	40	49	85	53	159	305	394
	EBT margin, %	3.41	2.32	2.78	3.73	4.14	5.53	2.45	6.67	10.56	11.68
	Net income	121	14	(14)	33	41	69	40	120	233	312
	Depreciation	6	10	9	10	20	22	26	30	37	47
Per share, $
Per share, $	Revenue	16.35	19.05	20.68	25.54	28.63	36.95	52.42	58.85	71.54	84.64
	Earnings	2.82	0.31	(0.33)	0.78	0.98	1.60	0.73	2.29	5.01	7.61
	Cash flow	0.59	0.53	0.29	0.92	1.85	0.91	0.39	3.81	5.81	7.18
	Capex	(0.03)	(0.10)	(0.11)	(0.14)	(0.11)	(0.17)	(0.70)	0.07	(1.03)	(1.67)
	Free cash flow	0.56	0.42	0.18	0.78	1.73	0.74	(0.31)	3.88	4.79	5.51
	Book value	5.25	5.56	5.20	5.84	6.81	8.32	8.74	11.14	15.16	22.19
	Shares, m	43	43	42	42	42	42	41	40	40	40
Valuation, ×
Valuation, ×	P/E	3.17	28.87	0.00	13.12	16.13	14.37	16.60	14.20	19.92	26.13
	P/S	0.54	0.47	0.46	0.40	0.56	0.62	0.26	0.55	1.40	2.35
	P/B	1.70	1.61	1.85	1.76	2.33	2.75	1.58	2.92	6.59	8.96
	EV/Sales	0.54	0.47	0.47	0.39	0.52	0.64	0.30	0.55	1.37	2.29
	EV/FCF	15.76	21.19	52.81	12.62	8.58	31.86	(50.70)	8.36	20.54	35.20
Cash, $m
Cash, $m	Operating cash flow	25	22	12	39	77	38	16	154	234	286
	Capex	(1)	(4)	(4)	(6)	(5)	(7)	(29)	3	(41)	(66)
	Free cash flow	24	18	8	33	72	31	(13)	157	193	220
Balance, $m
Balance, $m	Working capital	77	81	98	103	129	173	223	271	349	452
	Total debt	29	29	30	0	0	40	82	74	—	—
	Net debt	(4)	1	3	(19)	(53)	17	57	(76)	(136)	(232)
	Shareholders’ equity	223	237	220	246	283	346	361	450	611	884
Returns, %
Returns, %	ROA	38.62	3.24	(3.33)	7.60	8.12	9.99	3.53	9.66	18.15	21.34
	ROIC	7.11	5.35	7.25	11.49	13.61	14.75	8.37	26.69	39.57	36.75
	ROE	73.72	5.77	(6.17)	14.12	15.42	21.07	8.50	22.82	38.07	40.54

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
J Jacobs Solutions Inc.	$16.6B	49.7×	28.3×	+34.46% (above 0%: growing)	−25.16% (below 0%: shrinking)	+59.31% (above 0%: growing)	19.89%	7.03%	Compare
MTZ MasTec, Inc.	$15.4B	30.1×	53.1×	+23.38% (above 0%: growing)	+51.82% (above 0%: growing)	−31.15% (below 0%: shrinking)	12.72%	5.17%	Compare
STRL Sterling Infrastructure, Inc.	$13.7B	30.1×	52.6×	+90.11% (above 0%: growing)	+118.03% (above 0%: growing)	+55.30% (above 0%: growing)	24.82%	18.77%	Compare
IESC IES Holdings, Inc.	$10.6B	22.1×	36.6×	+39.60% (above 0%: growing)	+98.70% (above 0%: growing)	−14.63% (below 0%: shrinking)	27.41%	14.37%
TTEK Tetra Tech, Inc.	$8.9B	20.8×	17.9×	−4.47% (below 0%: shrinking)	−2.33% (below 0%: shrinking)	−34.95% (below 0%: shrinking)	18.59%	12.07%	Compare
DY Dycom Industries, Inc.	$7.8B	22.8×	41.3×	+45.57% (above 0%: growing)	+13.95% (above 0%: growing)	+106.51% (above 0%: growing)	21.96%	9.57%	Compare
ACM AECOM	$7.6B	26.7×	15.5×	−14.18% (below 0%: shrinking)	n/m	−78.95% (below 0%: shrinking)	(0.95%)	(2.12%)	Compare
ACA Arcosa, Inc.	$7.2B	14.7×	28.6×	+1.73% (above 0%: growing)	+447.54% (above 0%: growing)	−193.75% (below 0%: shrinking)	23.64%	12.80%	Compare
FLR Fluor Corporation	$6.4B	— (loss-making)	13.5×	+8.82% (above 0%: growing)	−94.46% (below 0%: shrinking)	−825.71% (below 0%: shrinking)	4.13%	3.12%	Compare
Median of peers	$8.3B	26.7×	28.5×	+16.10%	+13.95%	−33.05%	19.24%	8.30%

All 51 Engineering & Construction stocks →

IES Holdings, Inc. (IESC) key facts

Strength: IES Holdings, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $3.4 billion, up 16.9% from fiscal 2024.
IES Holdings, Inc. (IESC) is an Engineering & Construction company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, IESC traded at $251.96, a market capitalization of $10.6 billion.
Return on equity was 40.5% and debt-to-equity 0.00.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 10.63 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.