IES Holdings (IESC)

Nasdaq Industrials Construction & Engineering S&P MidCap 400

$158.45

+12.87 (+8.84%)

Close of Nov 06, 2026 · end-of-day data

Source: IES Holdings's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$695.99M	$810.74M	$876.83M	$1.08B	$1.19B	$1.54B	$2.17B	$2.38B	$2.88B	$3.37B
Cost of revenue	—	$670.25M	$726.87M	$894.89M	$962.90M	$1.25B	$1.85B	$1.93B	$2.19B	$2.51B
Gross profit	$126.98M	$140.50M	$149.96M	$182.10M	$227.96M	$288.00M	$318.93M	$444.54M	$696.59M	$859.50M
Selling, general & admin	$100.56M	$120.37M	$123.92M	$140.57M	$170.91M	$202.25M	$262.71M	$298.62M	$396.68M	$474.98M
Operating income	$24.96M	$20.34M	$25.95M	$41.85M	$50.08M	$85.58M	$56.01M	$159.78M	$300.88M	$383.53M
Interest expense	$1.28M	$1.70M	$1.95M	$1.86M	$777.00K	$962.00K	$2.97M	$3.02M	$1.34M	$1.81M
Pre-tax income	$23.76M	$18.80M	$24.35M	$40.14M	$49.29M	$84.91M	$53.00M	$158.55M	$304.67M	$393.88M
Income tax	-$97.12M	$5.21M	$38.15M	$6.66M	$8.74M	$16.23M	$12.81M	$38.76M	$72.17M	$96.81M
Net income	$120.78M	$13.42M	-$14.16M	$33.21M	$41.60M	$66.66M	$34.76M	$108.29M	$219.12M	$305.98M
EBITDA	$30.62M	$29.98M	$34.81M	$51.41M	$62.59M	$107.50M	$81.48M	$189.18M	$337.98M	$430.47M
EPS (basic)	$5.63	$0.62	$-0.67	$1.56	$1.96	$3.19	$1.45	$4.58	$10.02	$15.22
EPS (diluted)	$5.62	$0.62	$-0.67	$1.55	$1.94	$3.15	$1.44	$4.54	$9.89	$15.02
Diluted shares	21.49M	21.53M	21.20M	21.32M	21.09M	21.09M	20.89M	20.41M	20.41M	20.18M
Gross margin	18.2%	17.3%	17.1%	16.9%	19.1%	18.7%	14.7%	18.7%	24.2%	25.5%
Operating margin	3.6%	2.5%	3.0%	3.9%	4.2%	5.6%	2.6%	6.7%	10.4%	11.4%
Net margin	17.4%	1.7%	-1.6%	3.1%	3.5%	4.3%	1.6%	4.6%	7.6%	9.1%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$32.96M	$28.29M	$26.25M	$18.93M	$53.58M	$23.11M	$24.85M	$75.77M	$100.83M	$127.17M
Short-term investments	—	—	—	—	—	—	—	$0	$35.00M	$104.59M
Receivables	$124.37M	$142.95M	$151.58M	$186.28M	$213.02M	$286.71M	$370.73M	$363.84M	$469.83M	$552.16M
Inventory	$13.24M	$16.92M	$20.97M	$21.54M	$24.89M	$68.57M	$96.33M	$95.66M	$101.73M	$111.54M
Total current assets	$209.73M	$231.75M	$262.69M	$296.45M	$371.45M	$484.18M	$624.40M	$671.30M	$871.69M	$1.09B
Goodwill	$39.94M	$46.69M	$50.70M	$50.62M	$53.76M	$92.39M	$92.39M	$92.39M	$93.96M	$107.83M
Total assets	$394.34M	$424.49M	$421.99M	$445.26M	$560.53M	$766.62M	$934.71M	$981.60M	$1.24B	$1.60B
Total current liabilities	$133.05M	$150.63M	$164.42M	$193.47M	$242.45M	$311.60M	$401.89M	$400.57M	$522.55M	$633.43M
Short-term debt	$0	—	—	—	—	—	—	—	—	$0
Long-term debt	$29.26M	$29.43M	$29.56M	$299.00K	$217.00K	$39.75M	$81.63M	$0	$0	$0
Total debt	$29.26M	$29.43M	$29.56M	$299.00K	$217.00K	$39.75M	$81.63M	$0	$0	$0
Total liabilities	$169.14M	$184.52M	$198.35M	$195.72M	$275.41M	$396.07M	$544.23M	$481.66M	$591.92M	$707.70M
Shareholders' equity	$223.41M	$236.70M	$220.41M	$246.25M	$283.31M	$345.95M	$361.29M	$449.99M	$611.11M	$883.96M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$24.97M	$22.35M	$12.22M	$38.72M	$76.74M	$37.92M	$16.26M	$153.90M	$234.40M	$286.10M
Capital expenditures	$3.42M	$4.59M	$4.56M	$6.30M	$4.75M	$7.40M	$29.25M	$17.67M	$45.16M	$67.25M
Free cash flow	$21.55M	$17.76M	$7.66M	$32.42M	$72.00M	$30.52M	-$12.99M	$136.24M	$189.25M	$218.84M
Investing cash flow	-$60.74M	-$24.53M	-$11.86M	-$5.75M	-$33.59M	-$99.57M	-$29.54M	$2.77M	-$108.85M	-$163.69M
Financing cash flow	$19.63M	-$2.75M	-$2.41M	-$40.29M	-$8.51M	$31.17M	$15.02M	-$105.75M	-$100.50M	-$96.07M
Share buybacks	$590.00K	$2.37M	$2.06M	$9.80M	$7.70M	$7.01M	$18.56M	$8.28M	$44.03M	$41.64M
Stock-based compensation	—	$1.71M	-$136.00K	$2.36M	$3.32M	$3.52M	$3.77M	$4.37M	$5.53M	$12.93M
Depreciation & amortization	$5.66M	$9.63M	$8.86M	$9.56M	$12.51M	$21.91M	$25.47M	$29.41M	$37.10M	$46.94M

Income statement

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	$649.02M	$634.44M	$705.73M	$768.41M	$775.77M	$749.55M	$833.96M	$890.16M	$897.80M	$870.96M	$974.28M	$1.24B
Cost of revenue	$508.45M	$490.64M	$534.12M	$573.63M	$589.37M	$571.52M	$625.09M	$650.56M	$664.80M	$650.94M	$719.50M	$902.03M
Gross profit	$140.57M	$143.80M	$171.61M	$194.78M	$186.39M	$178.03M	$208.87M	$239.60M	$233.00M	$220.01M	$254.79M	$340.66M
Selling, general & admin	$87.21M	$85.85M	$95.27M	$104.69M	$110.87M	$103.04M	$116.04M	$127.33M	$128.56M	$121.81M	$142.44M	$162.17M
Operating income	$53.19M	$57.99M	$77.71M	$90.18M	$75.00M	$74.62M	$92.69M	$111.90M	$104.31M	$97.73M	$112.25M	$178.55M
Interest expense	$398.00K	$397.00K	$406.00K	$395.00K	$140.00K	$518.00K	$266.00K	$534.00K	$496.00K	$466.00K	$1.53M	$1.01M
Pre-tax income	$53.32M	$58.99M	$76.17M	$89.21M	$80.30M	$77.66M	$98.68M	$108.75M	$108.79M	$115.95M	$148.63M	$204.84M
Income tax	$12.31M	$15.40M	$19.37M	$22.57M	$14.82M	$19.98M	$26.09M	$29.46M	$21.27M	$28.41M	$38.32M	$51.29M
Net income	$37.79M	$40.96M	$52.91M	$62.10M	$65.47M	$56.30M	$70.65M	$77.23M	$102.28M	$91.44M	$109.91M	$152.97M
EBITDA	$62.46M	$65.61M	$85.53M	$100.79M	$86.05M	$85.71M	$104.64M	$123.57M	$116.56M	$110.41M	$128.35M	$195.50M
EPS (basic)	$1.67	$1.89	$2.32	$2.71	$3.10	$2.76	$3.54	$3.86	$5.06	$4.58	$5.51	$7.67
EPS (diluted)	$1.66	$1.87	$2.29	$2.67	$3.05	$2.72	$3.50	$3.81	$4.99	$4.51	$5.44	$7.57
Diluted shares	8.70K	20.44M	20.48M	20.50M	-47.92K	20.25M	20.21M	20.10M	-5.24K	20.17M	20.19M	20.20M
Gross margin	21.7%	22.7%	24.3%	25.3%	24.0%	23.8%	25.0%	26.9%	26.0%	25.3%	26.2%	27.4%
Operating margin	8.2%	9.1%	11.0%	11.7%	9.7%	10.0%	11.1%	12.6%	11.6%	11.2%	11.5%	14.4%
Net margin	5.8%	6.5%	7.5%	8.1%	8.4%	7.5%	8.5%	8.7%	11.4%	10.5%	11.3%	12.3%

Balance sheet

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Cash & equivalents	$75.77M	$87.46M	$105.97M	$44.90M	$100.83M	$59.07M	$22.43M	$101.44M	$127.17M	$88.83M	$48.66M	$77.28M
Short-term investments	$0	—	—	—	$35.00M	$52.97M	$65.85M	$66.81M	$104.59M	$169.91M	$213.98M	$310.58M
Receivables	$363.84M	$388.56M	$416.66M	$457.56M	$469.83M	$459.01M	$515.67M	$535.54M	$552.16M	$524.39M	$656.57M	$722.54M
Inventory	$95.66M	$113.77M	$104.61M	$106.86M	$101.73M	$104.31M	$107.57M	$108.78M	$111.54M	$110.41M	$126.68M	$133.60M
Total current assets	$671.30M	$727.59M	$796.50M	$788.55M	$871.69M	$843.95M	$914.48M	$1.01B	$1.09B	$1.11B	$1.29B	$1.53B
Goodwill	$92.39M	$92.39M	$92.39M	$94.54M	$93.96M	$93.96M	$95.23M	$95.30M	$107.83M	$107.83M	$129.19M	$129.58M
Total assets	$981.60M	$1.04B	$1.10B	$1.16B	$1.24B	$1.27B	$1.36B	$1.47B	$1.60B	$1.66B	$1.99B	$2.28B
Total current liabilities	$400.57M	$421.91M	$434.23M	$474.19M	$522.55M	$502.98M	$538.19M	$546.57M	$633.43M	$615.62M	$833.03M	$941.73M
Short-term debt	—	—	—	—	—	—	—	—	$0	—	$35.00M	—
Long-term debt	$0	$0	$0	$0	$0	$0	$0	$20.00M	$0	$0	$0	—
Total debt	$0	$0	$0	$0	$0	$0	$0	$20.00M	$0	$0	$35.00M	—
Total liabilities	$481.66M	$498.41M	$506.20M	$548.89M	$591.92M	$572.63M	$618.03M	$647.30M	$707.70M	$693.17M	$916.79M	$1.04B
Shareholders' equity	$449.99M	$488.64M	$534.81M	$567.52M	$611.11M	$652.44M	$705.78M	$781.44M	$883.96M	$961.08M	$1.07B	$1.23B

Cash flow

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Operating cash flow	$57.28M	$24.95M	$33.74M	$82.93M	$92.78M	$37.26M	$24.84M	$91.99M	$132.00M	$27.70M	$103.29M	$108.43M
Capital expenditures	$6.38M	$6.51M	$6.84M	$17.53M	$14.27M	$13.17M	$16.95M	$17.15M	$19.98M	$46.57M	$31.83M	$44.63M
Free cash flow	$50.90M	$18.44M	$26.90M	$65.40M	$78.52M	$24.09M	$7.89M	$74.84M	$112.02M	-$18.87M	$71.45M	$63.80M
Investing cash flow	-$6.21M	-$5.99M	-$5.38M	-$85.03M	-$12.45M	-$58.42M	-$38.68M	-$17.00M	-$49.59M	-$46.24M	-$174.89M	-$44.41M
Financing cash flow	-$3.86M	-$7.28M	-$9.85M	-$58.97M	-$24.40M	-$20.59M	-$22.81M	$11.03M	-$63.69M	-$19.80M	$32.30M	-$36.28M
Share buybacks	$71.00K	$929.00K	$2.29M	$21.10M	$19.71M	$15.73M	$20.53M	$5.33M	$51.00K	$17.67M	$1.72M	$136.00K
Stock-based compensation	$1.12M	$1.41M	$1.51M	$1.41M	$1.20M	$1.95M	$3.14M	$4.33M	$3.52M	$3.77M	$3.55M	$3.82M
Depreciation & amortization	$9.28M	$7.62M	$7.82M	$10.61M	$11.05M	$11.09M	$11.95M	$11.66M	$12.24M	$12.67M	$16.09M	$16.95M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.