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ES
MARKETS / NASDAQ / IESC
NASDAQ · ELECTRICAL WORK · LARGE CAP

IES Holdings, Inc. IESC

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.4B
▲ 16.9% YoY
$306.0M
▲ 39.6% YoY
$218.8M
▲ 15.6% YoY
In brief

What this company does

IES Holdings, Inc. designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing and commercial and industrial facilities. As of September 30, 2025, the company had 174 domestic locations. At September 30, 2025, the company had 10,283 employees, of which 10,262 were full-time employees. During the year ended September 30, 2025, no single customer accounted for more than 10% of the company's consolidated revenues. The company's operations are organized into four business segments, based on the nature of its services. The Communications segment performs services across the United States from 41 offices, including its segment headquarters in Tempe, Arizona. The Residential segment is made up of 99 total locations, which include the segment headquarters in Sugar Land, Texas. IES Holdings, Inc. was established in 1997 and is headquartered in Sugar Land, Texas, with an executive office in Greenwich, Connecticut.

Written from the business description in IES Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 21 November 2025. Every sentence was checked against that document before publication.

Growth
USD 3.4B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.4 · Net income 0.3
2B200920112013201520172019202120232025
Compound annual growth
+15.9%
+23.1%
+19.4%
+15.6%
+106.5%
+49.0%
+33.9%
+118.5%
+50.6%
+34.6%
+31.0%
+40.3%
+27.7%
+44.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +23.1% a year over five years — but profit grew faster: net income at +49.0%, earnings per share at +50.6%.

The share count fell from 0.02B to 0.02B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 11.4% · Net 9.2%
5%10%15%-5%200920112013201520172019202120232025
ROE
FY2025 · ROE 40.9%
20%40%60%-20%-40%200920112013201520172019202120232025
Gross margin25.5%
Operating margin11.4%
Net margin9.2%
Return on assets22.0%
EBITDAUSD 430.5M

Each USD of equity produced 41 cents of profit this year.

Cash & shareholders
USD 41.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 218.8
80M160M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 41.6
20M40M-8M-16M200920112013201520172019202120232025
Dividends paid—
Net buybacksUSD 41.6M
Share of profit13.6%
Consecutive raises—

USD 41.6M in buybacks — 14% of the year's profit went back to shareholders.

Total assetsUSD 1.6B
EquityUSD 884.0M
CashUSD 127.2M
Gross debtUSD 0.00
Net debtUSD -127.2M
Current ratio1.71×

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B3.42.92.42.21.51.21.10.90.80.70.60.50.50.50.40.40.7
Operating income $B0.40.30.20.10.10.10.00.00.00.00.00.00.0−0.0−0.0−0.0−0.0
EBITDA $B0.40.30.20.10.10.10.10.00.00.00.00.00.00.0−0.0−0.00.0
Income tax $B0.10.10.00.00.00.00.00.00.0−0.10.00.00.00.00.0−0.00.0
Net income $B0.30.20.10.00.10.00.0−0.00.00.10.00.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.20.20.1−0.00.00.10.00.00.00.00.00.00.0−0.0−0.0−0.00.0
EPS, diluted $15.029.894.541.443.151.941.55−0.670.625.620.770.29−0.23−0.78−2.61−2.16−0.84
Dividend / sh $·················
Payout %·················
ROE %40.941.326.79.821.215.714.2−6.25.874.417.57.1−6.2−20.1−45.7−30.8·
Shares out B0.020.020.020.020.020.020.020.020.020.020.020.020.020.010.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

IES Holdings, Inc.vsQuanta Services, Inc.Same industry: Electrical WorkIES Holdings, Inc.vsBrookfield Business Partners L.p.Same industry: Electrical WorkIES Holdings, Inc.vsEmcor Group, Inc.Same industry: Electrical WorkIES Holdings, Inc.vsComfort Systems USA Inc.Same industry: Electrical WorkIES Holdings, Inc.vsArgan Inc.Same industry: Electrical WorkIES Holdings, Inc.vsLimbach Holdings, Inc.Same industry: Electrical WorkIES Holdings, Inc.vsAmeresco, Inc.Same industry: Electrical Work
Provenance
Company facts, as filed
How we verify · 2 failures · 1 divergences in 83 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente2 failures1 divergent
ActivityElectrical Work
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsSeptember 30
Data on record since2009

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