IES Holdings, Inc. (IESC) vs Sterling Infrastructure, Inc. (STRL)

IES Holdings, Inc. and Sterling Infrastructure, Inc. are both Engineering & Construction companies. Sterling Infrastructure, Inc. is the larger, with a market value of $16.1B against $12.8B — 1.3× the size. IES Holdings, Inc. trades at the lower P/E: 28.4× against 36.4×. Sterling Infrastructure, Inc. grew revenue faster over the last twelve months: 60.8% against 22.7%. Sterling Infrastructure, Inc. has the higher net margin (12.6% vs 11.4%) and the lower return on invested capital (31.1% vs 36.6%). Across the 22 metrics below, IES Holdings, Inc. leads on 15 and Sterling Infrastructure, Inc. on 7.

Valuation

Metric IESC STRL Engineering & Construction median
P/E 28.41 36.38 28.59
P/S 3.24 4.57 1.15
P/B 10.51 11.31 3.96
Price to free cash flow 56.36 32.20 25.24
EV/EBITDA 22.82 22.41 14.87
EV/Sales 3.16 4.52 1.42
Earnings yield 3.52% 2.75% 2.47%
Free cash flow yield 1.77% 3.11% 1.91%

Profitability

Metric IESC STRL Engineering & Construction median
Gross margin 26.31% 23.81% 18.76%
Operating margin 12.37% 17.52% 6.26%
Net margin 11.40% 12.55% 2.23%
Free cash flow margin 5.75% 14.20% 1.83%
Return on equity 45.20% 37.49% 7.90%
Return on assets 24.26% 16.11% 0.87%
Return on invested capital 36.61% 31.11% 2.52%

Growth

Metric IESC STRL Engineering & Construction median
Revenue growth (TTM) 22.66% 60.83% 16.67%
EPS growth (last fiscal year) 51.87% 13.42% —
Revenue growth, 5-year CAGR 23.14% 15.21% 11.76%
Net income growth, 5-year CAGR 49.32% 46.98% 0.00%

Health

Metric IESC STRL Engineering & Construction median
Debt to equity 0.00 0.20 0.40
Current ratio 1.63 1.11 1.39
Net debt to EBITDA (0.54) (0.21) 0.38

Dividend

Metric IESC STRL Engineering & Construction median
Dividend yield — — 0.65%
Payout ratio 0.00 0.00 0.00

Size

Metric IESC STRL Engineering & Construction median
Market cap 12.77b 16.06b 1.31b

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