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IES (IESC) Financials

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$756.31 -6.40 (-0.84%)
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Annual Income Statements for IES

Annual Income Statements for IES

This table shows IES's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2014 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Net Income / (Loss) Attributable to Common Shareholders		 5.32 17 121 13 -14 33 42 67 35 108 219
Consolidated Net Income / (Loss)		 5.32 17 121 14 -14 33 41 69 40 120 233
Net Income / (Loss) Continuing Operations		 5.52 17 121 14 -14 33 41 69 40 120 233
Total Pre-Tax Income 		6.27 18 24 19 24 40 49 85 53 159 305
Total Operating Income		 7.64 18 25 20 26 42 50 86 56 160 301
Total Gross Profit		 83 100 127 140 150 182 228 288 319 445 697
Total Revenue		 512 574 696 811 877 1,077 1,191 1,536 2,167 2,377 2,884
Operating Revenue		 512 574 696 811 877 1,077 1,191 1,536 2,167 2,377 2,884
Total Cost of Revenue		 429 474 569 670 727 895 963 1,248 1,848 1,933 2,188
Operating Cost of Revenue		 429 474 569 670 727 895 963 1,248 1,848 1,933 2,188
Total Operating Expenses		 75 81 102 120 124 141 178 202 263 285 396
Selling, General & Admin Expense		 76 81 101 120 124 141 171 202 263 299 397
Impairment Charge		 - - - - 0.00 0.00 6.98 0.00 0.00 0.00 0.00
Restructuring Charge		 0.00 0.00 0.65 -0.15 0.10 -0.37 0.01 0.21 0.28 0.28 0.71
Other Special Charges / (Income)		 -0.09 -0.01 0.81 -0.07 -0.02 0.05 0.00 -0.05 -0.07 -14 -1.68
Total Other Income / (Expense), net		 -1.37 -0.95 -1.20 -1.54 -1.61 -1.71 -0.79 -0.68 -3.01 -1.23 3.79
Interest Expense		 1.57 1.13 1.28 1.70 1.95 1.86 0.78 0.96 2.97 3.02 1.34
Interest & Investment Income		 - - - - - - - - - 0.00 0.00
Other Income / (Expense), net		 0.20 0.18 0.08 0.17 0.34 0.15 -0.01 0.29 -0.04 1.79 5.13
Income Tax Expense		 0.75 0.66 -97 5.21 38 6.66 8.74 16 13 39 72
Other Gains / (Losses), net		 - - - - - - - - - 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 0.10 0.17 0.35 0.27 -1.05 2.02 5.42 11 13
Basic Earnings per Share		 $0.29 $0.77 $5.63 $0.62 ($0.67) $1.56 $1.96 $3.19 $1.45 $4.58 $10.02
Weighted Average Basic Shares Outstanding		 18.42M 21.48M 21.28M 21.28M 21.20M 21.08M 20.80M 20.79M 20.67M 20.20M 20.16M
Diluted Earnings per Share		 $0.29 $0.77 $5.62 $0.62 ($0.67) $1.55 $1.94 $3.15 $1.44 $4.54 $9.89
Weighted Average Diluted Shares Outstanding		 18.47M 21.53M 21.49M 21.53M 21.20M 21.32M 21.09M 21.09M 20.89M 20.41M 20.41M
Weighted Average Basic & Diluted Shares Outstanding		 18.40M 21.50M 21.50M 21.60M 21.10M 21.16M 20.75M 20.70M 20.22M 20.19M 19.85M

Quarterly Income Statements for IES

This table shows IES's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 38 41 53 62 63 56 71 77 91 110 153
Consolidated Net Income / (Loss)		 41 44 57 67 65 58 73 79 92 110 154
Net Income / (Loss) Continuing Operations		 41 44 57 67 65 58 73 79 92 110 154
Total Pre-Tax Income 		53 59 76 89 80 78 99 109 116 149 205
Total Operating Income		 53 58 78 90 75 75 93 112 98 112 179
Total Gross Profit		 141 144 172 195 186 178 209 240 220 255 341
Total Revenue		 649 634 706 768 776 750 834 890 871 974 1,243
Operating Revenue		 649 634 706 768 776 750 834 890 871 974 1,243
Total Cost of Revenue		 508 491 534 574 589 572 625 651 651 719 902
Operating Cost of Revenue		 508 491 534 574 589 572 625 651 651 719 902
Total Operating Expenses		 87 86 94 105 111 103 116 128 122 143 162
Selling, General & Admin Expense		 87 86 95 105 111 103 116 127 122 142 162
Other Special Charges / (Income)		 0.10 -0.07 -1.37 -0.13 -0.11 0.03 -0.21 0.36 0.34 -0.04 -0.05
Total Other Income / (Expense), net		 0.13 1.00 -1.54 -0.97 5.30 3.05 5.99 -3.15 18 36 26
Interest Expense		 0.40 0.40 0.41 0.40 0.14 0.52 0.27 0.53 0.47 1.53 1.01
Interest & Investment Income		 - 0.00 0.00 0.00 - 2.39 5.49 -3.31 17 37 26
Other Income / (Expense), net		 0.53 1.39 -1.14 -0.57 5.44 1.17 0.77 0.69 1.83 0.57 1.08
Income Tax Expense		 12 15 19 23 15 20 26 29 28 38 51
Other Gains / (Losses), net		 - - - - - 0.00 0.00 0.00 4.23 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 3.22 2.63 3.89 4.54 2.32 2.76 1.94 2.06 0.66 0.40 0.57
Basic Earnings per Share		 $1.68 $1.89 $2.32 $2.71 $3.10 $2.76 $3.54 $3.86 $4.58 $5.51 $7.67
Weighted Average Basic Shares Outstanding		 20.20M 20.20M 20.23M 20.22M 20.16M 19.99M 19.97M 19.86M 19.89M 19.93M 19.92M
Diluted Earnings per Share		 $1.67 $1.87 $2.29 $2.67 $3.06 $2.72 $3.50 $3.81 $4.51 $5.44 $7.57
Weighted Average Diluted Shares Outstanding		 20.41M 20.44M 20.48M 20.50M 20.41M 20.25M 20.21M 20.10M 20.17M 20.19M 20.20M
Weighted Average Basic & Diluted Shares Outstanding		 20.19M 20.22M 20.24M 19.98M 19.97M 20.01M 19.85M 19.85M 19.93M 19.92M 19.92M

Annual Cash Flow Statements for IES

This table details how cash moves in and out of IES's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2014 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Net Change in Cash & Equivalents		 27 2.02 -16 -4.93 -2.04 -7.41 35 -30 1.74 51 25
Net Cash From Operating Activities		 13 12 25 22 12 39 77 38 16 154 234
Net Cash From Continuing Operating Activities		 13 12 25 22 12 39 77 38 16 154 234
Net Income / (Loss) Continuing Operations		 5.32 17 121 14 -14 33 41 69 40 120 233
Consolidated Net Income / (Loss)		 5.32 17 121 14 -14 33 41 69 40 120 233
Depreciation Expense		 2.53 2.51 5.66 9.63 8.86 9.56 13 22 25 29 37
Amortization Expense		 0.39 0.32 0.35 0.29 0.29 0.32 0.15 0.20 0.20 0.27 0.29
Non-Cash Adjustments To Reconcile Net Income		 1.10 0.86 2.75 10 -14 11 27 -2.30 21 13 54
Changes in Operating Assets and Liabilities, net		 3.26 -8.72 -105 -12 31 -16 -3.04 -51 -70 -8.18 -90
Net Cash From Investing Activities		 -1.98 -5.89 -61 -25 -12 -5.75 -34 -100 -30 2.77 -109
Net Cash From Continuing Investing Activities		 -1.98 -5.89 -61 -25 -12 -5.85 -34 -100 -30 2.77 -109
Purchase of Property, Plant & Equipment		 -1.98 -2.78 -3.42 -4.59 -4.56 -6.30 -4.75 -7.40 -29 -18 -45
Acquisitions		 0.00 -3.11 -60 -20 -7.41 - -29 -92 -0.50 -0.17 -67
Sale of Property, Plant & Equipment		 0.00 0.00 2.23 0.27 0.11 0.50 0.10 0.30 0.22 21 3.69
Net Cash From Financing Activities		 16 -3.60 20 -2.75 -2.41 -40 -8.51 31 15 -106 -100
Net Cash From Continuing Financing Activities		 16 -3.60 20 -2.75 -2.41 -40 -8.51 31 15 -106 -100
Repayment of Debt		 -3.50 0.00 -0.29 -5.43 -0.18 -120 -593 -1,279 -1,884 -2,468 -2,901
Repurchase of Common Equity		 -0.18 -3.62 -0.59 -2.37 -2.06 -9.80 -7.70 -8.19 -19 -8.28 -76
Payment of Dividends		 - - 0.00 -0.15 -0.35 - -0.64 -0.31 -7.00 -11 -16
Issuance of Debt		 0.00 0.03 20 5.43 0.17 89 593 1,319 1,924 2,382 2,896
Other Financing Activities, net		 0.00 - 0.00 -0.23 0.01 -0.24 0.03 0.00 0.05 0.02 -4.06
Cash Interest Paid		 1.15 0.79 1.01 1.52 1.68 1.74 0.78 0.74 3.07 2.09 0.54
Cash Income Taxes Paid		 0.73 1.53 1.42 2.43 2.84 1.37 0.32 5.06 3.95 12 62

Quarterly Cash Flow Statements for IES

This table details how cash moves in and out of IES's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 47 12 19 -61 56 -42 -37 86 -38 -39 28
Net Cash From Operating Activities		 57 25 34 83 93 37 25 92 28 103 108
Net Cash From Continuing Operating Activities		 57 25 34 83 93 37 25 92 28 103 108
Net Income / (Loss) Continuing Operations		 41 44 57 67 65 58 73 79 92 110 154
Consolidated Net Income / (Loss)		 41 44 57 67 65 58 73 79 92 110 154
Depreciation Expense		 9.28 7.62 7.82 11 11 11 12 12 13 16 17
Amortization Expense		 0.07 0.07 0.07 0.07 0.08 0.08 0.10 0.15 0.15 0.15 0.15
Non-Cash Adjustments To Reconcile Net Income		 -8.88 33 -4.43 13 13 12 -37 12 2.25 50 34
Changes in Operating Assets and Liabilities, net		 16 -59 -27 -6.99 2.78 -43 -23 -11 -79 -73 -97
Net Cash From Investing Activities		 -6.21 -5.99 -5.38 -85 -12 -58 -39 -17 -46 -175 -44
Net Cash From Continuing Investing Activities		 -6.21 -5.99 -5.38 -85 -12 -58 -39 -17 -46 -175 -44
Purchase of Property, Plant & Equipment		 -6.38 -6.52 -6.84 -18 -14 -13 -17 -17 -47 -32 -45
Sale of Property, Plant & Equipment		 0.17 0.66 1.72 0.20 1.12 0.19 0.34 0.15 0.34 0.05 0.23
Net Cash From Financing Activities		 -3.86 -7.28 -9.85 -59 -24 -21 -23 11 -20 32 -36
Net Cash From Continuing Financing Activities		 -3.86 -7.28 -9.85 -59 -24 -21 -23 11 -20 32 -36
Repayment of Debt		 -623 -654 -693 -744 -808 -781 -196 -1.08 -1.38 -56 -136
Repurchase of Common Equity		 -0.07 -0.93 -2.29 -52 -21 -16 -21 -5.33 -18 -1.72 -0.14
Payment of Dividends		 -3.01 -1.30 -6.57 -5.67 -2.62 -3.95 -1.02 -2.57 -0.75 -0.14 0.00
Issuance of Debt		 623 653 692 743 806 780 195 20 0.00 90 100
Cash Interest Paid		 0.16 0.14 0.13 0.14 0.13 0.12 0.23 0.21 0.23 1.23 0.59
Cash Income Taxes Paid		 3.80 0.12 37 20 3.82 0.37 64 30 0.13 34 71

Annual Balance Sheets for IES

This table presents IES's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2025 9/30/2025
Total Assets		 226 394 424 422 445 561 767 935 982 1,596 1,596
Total Current Assets		 189 210 232 263 296 371 484 624 671 1,085 1,085
Cash & Equivalents		 49 33 28 26 19 54 23 25 76 127 127
Restricted Cash		 0.00 0.26 - - - - - - - - 0.00
Short-Term Investments		 - - - - - - - - 0.00 105 105
Note & Lease Receivable		 - - - - - - - - - - 100
Accounts Receivable		 93 124 143 183 186 213 328 436 441 652 552
Inventories, net		 14 13 17 21 22 25 69 96 96 112 112
Prepaid Expenses		 2.96 3.21 8.80 8.14 11 9.15 21 15 10 21 21
Other Current Assets		 30 36 35 24 59 71 43 52 49 69 69
Plant, Property, & Equipment, net		 12 16 25 25 26 25 35 54 63 183 183
Total Noncurrent Assets		 25 169 168 134 123 164 247 256 247 327 327
Long-Term Investments		 - - - - - - - - - 60 60
Goodwill		 17 40 47 51 51 54 92 92 92 108 108
Intangible Assets		 4.72 32 31 31 27 39 86 72 56 42 42
Noncurrent Deferred & Refundable Income Taxes		 0.00 94 86 47 41 34 19 21 20 16 16
Other Noncurrent Operating Assets		 2.98 3.71 3.78 6.07 4.94 38 50 71 78 102 102
Total Liabilities & Shareholders' Equity		 226 394 424 422 445 561 767 935 982 1,596 1,596
Total Liabilities		 124 169 185 198 196 275 396 544 482 708 708
Total Current Liabilities		 108 133 151 164 193 242 312 402 401 633 633
Short-Term Debt		 0.00 - - - 0.00 - - - - - 0.00
Accounts Payable		 83 109 121 131 153 187 249 317 297 457 457
Current Deferred Revenue		 25 24 30 34 41 56 62 85 104 177 177
Total Noncurrent Liabilities		 16 36 34 34 2.24 33 84 142 81 74 74
Long-Term Debt		 9.20 29 29 30 0.30 0.22 40 82 0.00 0.00 0.00
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - - 9.89 22 6.76 6.76
Other Noncurrent Operating Liabilities		 6.98 6.83 4.46 4.37 1.95 33 45 51 59 68 68
Redeemable Noncontrolling Interest		 - - - - - - - - - - 4.01
Total Equity & Noncontrolling Interests		 101 223 240 224 250 285 371 390 500 888 884
Total Preferred & Common Equity		 101 223 237 220 246 283 346 361 450 884 884
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 101 223 237 220 246 283 346 361 450 884 884
Common Stock		 194 195 197 197 193 201 202 202 204 211 211
Retained Earnings		 -88 33 46 32 66 107 173 203 296 801 801
Treasury Stock		 -4.40 -4.78 -6.90 -8.94 -12 -24 -29 -44 -49 -128 -128

Quarterly Balance Sheets for IES

This table presents IES's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2023 6/30/2023 12/31/2023 3/31/2024 6/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026 6/30/2026
Total Assets		 889 900 1,042 1,101 1,155 1,265 1,365 1,470 1,658 1,994 2,276
Total Current Assets		 592 604 728 796 789 844 914 1,013 1,110 1,295 1,535
Cash & Equivalents		 15 29 87 106 45 59 22 101 89 49 77
Restricted Cash		 - - - - - - - 7.00 0.00 0.88 0.00
Short-Term Investments		 - - - - - 53 66 67 170 214 311
Note & Lease Receivable		 - 75 81 87 91 89 96 98 104 117 139
Accounts Receivable		 405 341 389 417 458 459 516 536 524 657 723
Inventories, net		 106 103 114 105 107 104 108 109 110 127 134
Prepaid Expenses		 18 13 16 34 31 20 20 20 26 30 31
Other Current Assets		 48 44 41 48 58 60 87 75 86 101 120
Plant, Property, & Equipment, net		 55 57 65 68 127 138 155 164 220 321 354
Total Noncurrent Assets		 242 239 249 237 240 283 295 293 328 379 387
Long-Term Investments		 - - - - - 45 45 45 64 64 64
Goodwill		 92 92 92 92 95 94 95 95 108 129 130
Intangible Assets		 64 60 53 50 50 42 42 39 38 58 54
Noncurrent Deferred & Refundable Income Taxes		 15 15 20 21 23 23 22 22 14 14 23
Other Noncurrent Operating Assets		 71 71 83 73 73 78 91 91 104 113 116
Total Liabilities & Shareholders' Equity		 889 900 1,042 1,101 1,155 1,265 1,365 1,470 1,658 1,994 2,276
Total Liabilities		 455 440 498 506 549 573 618 647 693 917 1,041
Total Current Liabilities		 373 370 422 434 474 503 538 547 616 833 942
Short-Term Debt		 - - - - - - - - - 35 0.00
Accounts Payable		 278 261 295 306 335 333 375 392 403 511 584
Current Deferred Revenue		 95 109 127 128 139 170 164 155 213 287 358
Total Noncurrent Liabilities		 82 70 76 72 75 70 80 101 78 84 99
Long-Term Debt		 14 0.00 0.00 0.00 0.00 0.00 0.00 20 0.00 0.00 0.00
Noncurrent Deferred & Payable Income Tax Liabilities		 - 19 22 23 23 17 17 18 6.76 7.49 8.37
Other Noncurrent Operating Liabilities		 68 51 54 49 51 53 62 63 71 76 91
Redeemable Noncontrolling Interest		 - - - - - - - - - - 5.27
Total Equity & Noncontrolling Interests		 434 460 544 595 606 692 747 822 965 1,077 1,229
Total Preferred & Common Equity		 398 415 489 535 568 652 706 781 961 1,073 1,229
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10 0.00
Total Common Equity		 398 415 489 535 568 652 706 781 961 1,073 1,229
Common Stock		 202 203 204 204 203 201 204 209 208 211 215
Retained Earnings		 245 262 334 381 436 553 624 700 892 1,002 1,154
Treasury Stock		 -50 -49 -50 -50 -72 -102 -122 -128 -138 -140 -140

Annual Metrics And Ratios for IES

This table displays calculated financial ratios and metrics derived from IES's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 9/30/2014 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.60% 12.00% 21.28% 16.49% 8.15% 22.83% 10.57% 29.02% 41.02% 9.71% 21.33%
EBITDA Growth		 290.10% 99.84% 44.47% -1.99% 16.45% 46.36% 20.93% 72.13% -24.40% 134.26% 79.56%
EBIT Growth		 9,783.95% 137.99% 34.15% -18.11% 28.22% 59.72% 19.22% 71.49% -34.82% 188.67% 89.39%
NOPAT Growth		 2,156.69% 164.38% 613.71% -88.42% -200.06% 337.22% 18.05% 68.00% -38.65% 184.26% 90.21%
Net Income Growth		 249.01% 210.63% 630.91% -88.75% -201.54% 342.54% 21.14% 69.34% -41.48% 198.08% 94.10%
EPS Growth		 226.09% 165.52% 629.87% -88.97% -208.06% 331.34% 25.16% 62.37% -54.29% 215.28% 117.84%
Operating Cash Flow Growth		 544.73% -8.67% 117.00% -10.49% -45.30% 216.79% 98.17% -50.58% -57.12% 846.39% 52.31%
Free Cash Flow Firm Growth		 161.38% -35.32% -547.84% 84.31% 89.37% 5,723.10% 30.37% -313.63% 79.58% 916.77% -4.39%
Invested Capital Growth		 -8.40% 20.50% 261.14% 8.99% -5.87% 1.74% 0.37% 67.07% 15.52% -5.16% 21.72%
Revenue Q/Q Growth		 2.41% 4.33% 7.07% 0.12% 4.00% 5.21% 3.19% 11.09% 6.57% 1.35% 4.60%
EBITDA Q/Q Growth		 60.59% 32.59% 10.90% -4.79% 3.35% 11.44% -48.56% 20.10% -4.19% 18.92% 9.05%
EBIT Q/Q Growth		 102.58% 38.66% 6.82% -9.30% 7.07% 13.86% -49.35% 22.13% -7.13% 20.85% 9.57%
NOPAT Q/Q Growth		 112.68% 46.07% 357.21% -87.81% 10.07% 17.29% -45.87% 17.67% -11.19% 22.92% 9.83%
Net Income Q/Q Growth		 294.37% 47.81% 359.47% -87.91% 9.97% 18.43% 9.44% -2.97% 20.07% 23.65% 11.76%
EPS Q/Q Growth		 480.00% 42.59% 360.66% -88.12% 8.22% 18.32% 13.45% 14.13% -19.55% 26.46% 16.35%
Operating Cash Flow Q/Q Growth		 215.74% -12.26% 30.05% 5.09% -28.62% 40.59% 3.67% -32.63% 208.24% 17.77% 17.85%
Free Cash Flow Firm Q/Q Growth		 163.60% -2.63% 21.48% -164.19% 50.83% 59.95% 113.45% -150.41% 62.72% 14.31% 75.00%
Invested Capital Q/Q Growth		 -7.40% 2.94% 71.09% -0.32% 0.13% -2.60% -51.29% 6.49% -2.48% -1.60% -8.06%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 16.22% 17.41% 18.24% 17.33% 17.10% 16.91% 19.14% 18.74% 14.72% 18.70% 24.15%
EBITDA Margin		 2.10% 3.75% 4.46% 3.75% 4.04% 4.82% 5.27% 7.03% 3.77% 8.04% 11.91%
Operating Margin		 1.49% 3.22% 3.59% 2.51% 2.96% 3.89% 4.21% 5.57% 2.58% 6.72% 10.43%
EBIT Margin		 1.53% 3.25% 3.60% 2.53% 3.00% 3.90% 4.20% 5.59% 2.58% 6.80% 10.61%
Profit (Net Income) Margin		 1.04% 2.88% 17.37% 1.68% -1.57% 3.11% 3.41% 4.47% 1.85% 5.04% 8.06%
Tax Burden Percent		 84.91% 94.30% 508.72% 72.29% -56.69% 83.40% 82.27% 80.88% 75.82% 75.55% 76.31%
Interest Burden Percent		 79.93% 93.95% 94.88% 91.70% 92.60% 95.58% 98.45% 98.88% 94.69% 98.13% 99.56%
Effective Tax Rate		 11.93% 3.77% -408.72% 27.71% 156.69% 16.60% 17.73% 19.12% 24.18% 24.45% 23.69%
Return on Invested Capital (ROIC)		 12.66% 31.74% 89.90% 6.36% -6.29% 15.25% 17.81% 22.37% 10.18% 27.71% 48.83%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.03% 34.98% 118.72% 223.16% 34.53% 33.86% 19.61% 25.35% 3.97% 37.48% 46.10%
Return on Net Nonoperating Assets (RNNOA)		 -5.58% -14.28% -15.47% -0.49% 0.33% -1.10% -2.64% -1.42% 0.38% -0.80% -8.47%
Return on Equity (ROE)		 7.08% 17.46% 74.43% 5.87% -5.95% 14.15% 15.17% 20.95% 10.56% 26.91% 40.36%
Cash Return on Invested Capital (CROIC)		 21.43% 13.15% -23.36% -2.24% -0.24% 13.52% 17.44% -27.86% -4.22% 33.01% 29.24%
Operating Return on Assets (OROA)		 4.12% 8.75% 8.08% 5.01% 6.21% 9.69% 9.96% 12.94% 6.58% 16.86% 27.50%
Return on Assets (ROA)		 2.80% 7.75% 38.99% 3.32% -3.26% 7.72% 8.06% 10.35% 4.72% 12.50% 20.89%
Return on Common Equity (ROCE)		 7.08% 17.46% 74.43% 5.83% -5.87% 13.96% 15.03% 20.11% 9.81% 24.51% 37.18%
Return on Equity Simple (ROE_SIMPLE)		 6.05% 16.31% 54.11% 5.74% -6.26% 13.60% 14.31% 19.85% 11.12% 26.62% 38.05%
Net Operating Profit after Tax (NOPAT)		 6.73 18 127 15 -15 35 41 69 42 121 230
NOPAT Margin		 1.31% 3.10% 18.24% 1.81% -1.68% 3.24% 3.46% 4.51% 1.96% 5.08% 7.96%
Net Nonoperating Expense Percent (NNEP)		 -6.37% -3.24% -28.82% -216.80% -40.82% -18.61% -1.80% -2.98% 6.21% -9.77% 2.73%
Cost of Revenue to Revenue		 83.78% 82.59% 81.76% 82.67% 82.90% 83.09% 80.86% 81.26% 85.28% 81.30% 75.85%
SG&A Expenses to Revenue		 14.75% 14.19% 14.45% 14.85% 14.13% 13.05% 14.35% 13.16% 12.12% 12.56% 13.75%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 14.73% 14.19% 14.66% 14.82% 14.14% 13.08% 14.94% 13.17% 12.13% 11.98% 13.72%
Earnings before Interest and Taxes (EBIT)		 7.84 19 25 21 26 42 50 86 56 162 306
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 11 21 31 30 35 52 63 108 82 191 343
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.04 1.64 1.71 1.57 1.88 1.77 2.36 2.75 1.57 2.96 6.53
Price to Tangible Book Value (P/TBV)		 2.58 2.09 2.51 2.34 2.97 2.58 3.52 5.67 2.88 4.41 8.46
Price to Revenue (P/Rev)		 0.35 0.29 0.55 0.46 0.47 0.41 0.56 0.62 0.26 0.56 1.38
Price to Earnings (P/E)		 33.73 10.04 3.16 27.63 0.00 13.16 16.08 14.30 16.31 12.28 18.20
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 2.96% 9.96% 31.65% 3.62% 0.00% 7.60% 6.22% 7.00% 6.13% 8.14% 5.49%
Enterprise Value to Invested Capital (EV/IC)		 2.80 2.06 1.71 1.56 1.85 1.83 2.66 2.57 1.46 3.07 7.54
Enterprise Value to Revenue (EV/Rev)		 0.28 0.22 0.54 0.46 0.48 0.39 0.52 0.65 0.30 0.55 1.35
Enterprise Value to EBITDA (EV/EBITDA)		 13.25 5.86 12.16 12.33 11.85 8.13 9.84 9.21 8.00 6.82 11.34
Enterprise Value to EBIT (EV/EBIT)		 18.16 6.75 15.08 18.30 15.98 10.04 12.33 11.58 11.66 8.07 12.72
Enterprise Value to NOPAT (EV/NOPAT)		 21.17 7.08 2.97 25.52 0.00 12.08 14.98 14.36 15.37 10.80 16.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.31 10.95 15.13 16.79 34.36 10.88 8.04 26.22 40.15 8.47 16.61
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.50 17.09 0.00 0.00 0.00 13.62 15.29 0.00 0.00 9.07 28.31
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.12 0.09 0.13 0.12 0.13 0.00 0.00 0.11 0.21 0.00 0.00
Long-Term Debt to Equity		 0.12 0.09 0.13 0.12 0.13 0.00 0.00 0.11 0.21 0.00 0.00
Financial Leverage		 -0.29 -0.41 -0.13 0.00 0.01 -0.03 -0.13 -0.06 0.10 -0.02 -0.18
Leverage Ratio		 2.53 2.25 1.91 1.77 1.83 1.83 1.88 2.02 2.24 2.15 1.93
Compound Leverage Factor		 2.02 2.12 1.81 1.62 1.69 1.75 1.85 2.00 2.12 2.11 1.92
Debt to Total Capital		 10.40% 8.32% 11.58% 10.93% 11.68% 0.12% 0.08% 9.69% 17.29% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 10.40% 8.32% 11.58% 10.93% 11.68% 0.12% 0.08% 9.69% 17.29% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 1.21% 1.28% 1.32% 0.63% 5.99% 6.18% 9.99% 6.29%
Common Equity to Total Capital		 89.60% 91.68% 88.42% 87.86% 87.05% 98.56% 99.29% 84.32% 76.53% 90.01% 93.71%
Debt to EBITDA		 0.95 0.43 0.94 0.97 0.83 0.01 0.00 0.37 1.00 0.00 0.00
Net Debt to EBITDA		 -3.45 -1.87 -0.13 0.04 0.09 -0.36 -0.85 0.15 0.70 0.00 0.00
Long-Term Debt to EBITDA		 0.95 0.43 0.94 0.97 0.83 0.01 0.00 0.37 1.00 0.00 0.00
Debt to NOPAT		 1.52 0.52 0.23 2.00 -2.01 0.01 0.01 0.57 1.92 0.00 0.00
Net Debt to NOPAT		 -5.52 -2.26 -0.03 0.08 -0.23 -0.53 -1.30 0.24 1.34 0.00 0.00
Long-Term Debt to NOPAT		 1.52 0.52 0.23 2.00 -2.01 0.01 0.01 0.57 1.92 0.00 0.00
Altman Z-Score		 3.33 3.50 3.68 3.66 3.92 4.55 4.42 4.40 3.73 5.37 8.07
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.71% 1.40% 1.38% 0.95% 4.03% 7.07% 8.89% 7.89%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.75 1.75 1.58 1.54 1.60 1.53 1.53 1.55 1.55 1.68 1.67
Quick Ratio		 1.30 1.32 1.18 1.14 1.27 1.06 1.10 1.13 1.15 1.29 1.33
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 11 7.37 -33 -5.18 -0.55 31 40 -86 -18 144 138
Operating Cash Flow to CapEx		 635.62% 414.03% 2,094.63% 517.46% 274.39% 667.89% 1,653.54% 533.69% 56.01% 0.00% 565.31%
Free Cash Flow to Firm to Interest Expense		 7.24 6.52 -25.74 -3.04 -0.28 16.67 51.93 -89.61 -5.93 47.59 102.77
Operating Cash Flow to Interest Expense		 8.00 10.18 19.48 13.13 6.28 20.85 98.77 39.42 5.48 50.93 175.19
Operating Cash Flow Less CapEx to Interest Expense		 6.74 7.72 18.55 10.59 3.99 17.73 92.79 32.04 -4.30 51.90 144.20
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.69 2.69 2.25 1.98 2.07 2.48 2.37 2.32 2.55 2.48 2.59
Accounts Receivable Turnover		 6.79 6.73 6.40 6.07 5.38 5.83 5.96 5.68 5.67 5.42 5.77
Inventory Turnover		 23.72 31.57 41.82 44.45 38.37 42.10 41.48 26.72 22.41 20.13 22.17
Fixed Asset Turnover		 49.74 52.48 50.85 40.20 35.07 42.14 47.32 51.18 48.22 40.35 29.19
Accounts Payable Turnover		 5.79 6.04 5.94 5.84 5.78 6.31 5.67 5.73 6.53 6.30 6.63
Days Sales Outstanding (DSO)		 53.78 54.20 56.99 60.17 67.85 62.58 61.19 64.27 64.33 67.29 63.30
Days Inventory Outstanding (DIO)		 15.39 11.56 8.73 8.21 9.51 8.67 8.80 13.66 16.29 18.13 16.47
Days Payable Outstanding (DPO)		 63.07 60.43 61.49 62.50 63.10 57.82 64.37 63.71 55.91 57.95 55.09
Cash Conversion Cycle (CCC)		 6.10 5.33 4.22 5.89 14.26 13.43 5.62 14.22 24.72 27.47 24.68
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 51 61 221 241 227 231 232 387 447 424 516
Invested Capital Turnover		 9.64 10.24 4.93 3.51 3.75 4.70 5.15 4.96 5.19 5.46 6.13
Increase / (Decrease) in Invested Capital		 -4.66 10 160 20 -14 3.95 0.85 155 60 -23 92
Enterprise Value (EV)		 142 126 378 375 420 421 617 994 653 1,304 3,893
Market Capitalization		 180 166 382 371 414 437 669 953 567 1,330 3,988
Book Value per Share		 $4.04 $4.71 $10.41 $11.04 $10.39 $11.61 $13.46 $16.59 $17.60 $22.29 $30.59
Tangible Book Value per Share		 $3.19 $3.69 $7.07 $7.40 $6.56 $7.97 $9.04 $8.05 $9.60 $14.93 $23.59
Total Capital		 98 111 253 269 253 250 285 410 472 500 652
Total Debt		 10 9.21 29 29 30 0.30 0.22 40 82 0.00 0.00
Total Long-Term Debt		 10 9.20 29 29 30 0.30 0.22 40 82 0.00 0.00
Net Debt		 -37 -40 -3.96 1.14 3.32 -19 -53 17 57 -76 -136
Capital Expenditures (CapEx)		 1.98 2.78 1.19 4.32 4.46 5.80 4.64 7.11 29 -2.94 41
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 25 32 43 53 72 84 75 149 198 195 213
Debt-free Net Working Capital (DFNWC)		 72 81 77 81 98 103 129 173 223 271 349
Net Working Capital (NWC)		 72 81 77 81 98 103 129 173 223 271 349
Net Nonoperating Expense (NNE)		 1.41 1.25 6.10 1.11 -0.91 1.43 0.65 0.55 2.28 0.93 -2.89
Net Nonoperating Obligations (NNO)		 -37 -40 -2.17 1.14 3.32 -19 -53 17 57 -76 -136
Total Depreciation and Amortization (D&A)		 2.91 2.83 6.01 9.93 9.15 9.88 13 22 26 30 37
Debt-free, Cash-free Net Working Capital to Revenue		 4.83% 5.51% 6.24% 6.52% 8.21% 7.80% 6.33% 9.73% 9.12% 8.20% 7.40%
Debt-free Net Working Capital to Revenue		 14.07% 14.11% 11.02% 10.01% 11.21% 9.56% 10.83% 11.23% 10.27% 11.39% 12.10%
Net Working Capital to Revenue		 14.07% 14.11% 11.02% 10.01% 11.21% 9.56% 10.83% 11.23% 10.27% 11.39% 12.10%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.29 $0.77 $5.63 $0.62 ($0.67) $1.56 $1.96 $3.19 $1.45 $4.58 $10.02
Adjusted Weighted Average Basic Shares Outstanding		 18.42M 21.48M 21.28M 21.28M 21.20M 21.08M 20.80M 20.79M 20.67M 20.20M 20.16M
Adjusted Diluted Earnings per Share		 $0.29 $0.77 $5.62 $0.62 ($0.67) $1.55 $1.94 $3.15 $1.44 $4.54 $9.89
Adjusted Weighted Average Diluted Shares Outstanding		 18.47M 21.53M 21.49M 21.53M 21.20M 21.32M 21.09M 21.09M 20.89M 20.41M 20.41M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 21.75M 21.47M 21.46M 21.34M 21.21M 21.16M 20.75M 20.70M 20.22M 20.19M 19.97M
Normalized Net Operating Profit after Tax (NOPAT)		 6.65 18 18 15 18 35 47 69 43 110 229
Normalized NOPAT Margin		 1.30% 3.10% 2.66% 1.79% 2.08% 3.22% 3.94% 4.51% 1.97% 4.64% 7.93%
Pre Tax Income Margin		 1.22% 3.06% 3.41% 2.32% 2.78% 3.73% 4.14% 5.53% 2.45% 6.67% 10.56%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.98 16.52 19.53 12.05 13.51 22.62 64.44 89.26 18.85 53.46 228.70
NOPAT to Interest Expense		 4.28 15.74 99.05 8.64 -7.56 18.80 53.03 71.96 14.30 39.95 171.61
EBIT Less CapEx to Interest Expense		 3.72 14.06 18.60 9.51 11.22 19.49 58.47 81.87 9.07 54.44 197.71
NOPAT Less CapEx to Interest Expense		 3.02 13.29 98.12 6.10 -9.85 15.67 47.06 64.57 4.52 40.92 140.62
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 1.13% -2.53% 0.00% 1.58% 0.45% 17.42% 9.59% 6.95%
Augmented Payout Ratio		 3.36% 21.90% 0.49% 18.54% -17.45% 29.28% 20.56% 12.38% 63.59% 16.51% 39.65%

Quarterly Metrics And Ratios for IES

This table displays calculated financial ratios and metrics derived from IES's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 19,927,999.00 19,923,887.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 19,927,999.00 19,923,887.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 5.52 7.68
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.12% 10.36% 24.06% 31.48% 19.53% 18.14% 18.17% 15.84% 16.20% 16.83% 39.60%
EBITDA Growth		 93.26% 44.49% 109.55% 141.94% 45.19% 33.21% 31.41% 20.74% 29.25% 22.33% 58.14%
EBIT Growth		 107.89% 48.58% 129.43% 159.67% 49.74% 31.66% 29.21% 21.96% 31.36% 20.72% 59.53%
NOPAT Growth		 122.26% 42.14% 145.19% 159.01% 49.50% 29.33% 17.67% 21.12% 33.15% 22.18% 64.05%
Net Income Growth		 126.66% 51.59% 134.98% 157.75% 59.67% 32.33% 27.80% 18.98% 59.10% 51.96% 93.66%
EPS Growth		 131.94% 64.04% 148.91% 229.63% 83.23% 45.45% 52.84% 42.70% 65.81% 55.43% 98.69%
Operating Cash Flow Growth		 68.17% 73.96% -26.19% 126.81% 61.98% 49.32% -26.37% 10.93% -25.65% 315.74% 17.87%
Free Cash Flow Firm Growth		 253.59% 250.36% -85.33% -217.77% -148.37% -168.70% -2,497.65% 133.06% -39.76% -56.98% -227.78%
Invested Capital Growth		 -5.16% 1.81% 12.83% 30.27% 21.72% 17.38% 25.43% 10.81% 20.01% 27.96% 25.79%
Revenue Q/Q Growth		 11.05% -2.25% 11.24% 8.88% 0.96% -3.38% 11.26% 6.74% 0.00% 11.86% 27.55%
EBITDA Q/Q Growth		 52.13% 6.35% 25.94% 18.73% -8.70% -2.42% 24.24% 9.10% 0.00% 14.85% 52.42%
EBIT Q/Q Growth		 55.67% 10.55% 28.96% 17.01% -10.23% -2.80% 26.56% 10.45% 0.00% 13.33% 59.20%
NOPAT Q/Q Growth		 57.28% 4.76% 35.23% 16.24% -9.22% -9.37% 23.04% 19.65% 0.00% 12.91% 60.64%
Net Income Q/Q Growth		 58.61% 6.29% 30.31% 17.32% -1.75% -11.90% 25.85% 9.22% 0.00% 20.21% 39.19%
EPS Q/Q Growth		 106.17% 11.98% 22.46% 16.59% 14.61% -11.11% 28.68% 8.86% 0.00% 20.62% 39.15%
Operating Cash Flow Q/Q Growth		 56.66% -56.44% 35.21% 145.79% 11.88% -59.84% -33.32% 270.27% 0.00% 272.86% 4.98%
Free Cash Flow Firm Q/Q Growth		 19.38% -45.73% -93.25% -2,794.73% 50.97% 22.92% -135.41% 137.16% 0.00% -164.42% 69.75%
Invested Capital Q/Q Growth		 -1.60% 7.54% 7.20% 14.84% -8.06% 3.71% 14.55% 1.45% 0.00% 22.14% -0.27%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 21.66% 22.67% 24.32% 25.35% 24.03% 23.75% 25.05% 26.92% 25.26% 26.15% 27.41%
EBITDA Margin		 9.72% 10.57% 11.97% 13.05% 11.80% 11.92% 13.31% 13.60% 12.90% 13.25% 15.83%
Operating Margin		 8.19% 9.14% 11.01% 11.74% 9.67% 9.96% 11.12% 12.57% 11.22% 11.52% 14.37%
EBIT Margin		 8.28% 9.36% 10.85% 11.66% 10.37% 10.43% 11.86% 12.28% 11.43% 11.58% 14.45%
Profit (Net Income) Margin		 6.32% 6.87% 8.05% 8.67% 8.44% 7.70% 8.70% 8.91% 10.54% 11.32% 12.36%
Tax Burden Percent		 76.91% 73.90% 74.57% 74.70% 81.54% 74.27% 73.56% 72.91% 79.15% 74.22% 74.96%
Interest Burden Percent		 99.26% 99.33% 99.47% 99.56% 99.83% 99.34% 99.73% 99.51% 116.46% 131.73% 114.04%
Effective Tax Rate		 23.09% 26.10% 25.43% 25.30% 18.46% 25.73% 26.44% 27.09% 24.50% 25.78% 25.04%
Return on Invested Capital (ROIC)		 34.39% 36.41% 45.82% 48.71% 48.35% 44.73% 46.40% 50.32% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 33.30% 33.50% 47.97% 50.67% 44.27% 42.88% 42.71% 52.19% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -0.71% -1.78% -4.98% -3.49% -8.13% -8.48% -7.61% -8.95% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 33.68% 34.63% 40.84% 45.22% 40.22% 36.25% 38.78% 41.36% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 33.01% 27.71% 24.31% 15.83% 29.24% 32.85% 23.20% 34.79% -18.19% -24.53% -22.85%
Operating Return on Assets (OROA)		 20.54% 23.53% 28.06% 31.30% 26.88% 27.12% 30.10% 30.39% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 15.68% 17.27% 20.82% 23.27% 21.88% 20.01% 22.08% 22.05% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 30.68% 31.43% 37.00% 41.68% 37.05% 33.47% 35.87% 39.05% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 27.55% 31.27% 36.66% 0.00% 37.80% 37.18% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 41 43 58 67 61 55 68 82 74 83 134
NOPAT Margin		 6.30% 6.75% 8.21% 8.77% 7.88% 7.39% 8.18% 9.17% 8.47% 8.55% 10.77%
Net Nonoperating Expense Percent (NNEP)		 1.09% 2.90% -2.15% -1.96% 4.09% 1.85% 3.68% -1.87% 7.50% 12.69% 6.05%
Return On Investment Capital (ROIC_SIMPLE)		 - 7.88% - - - 8.00% 9.13% 9.68% 7.64% 7.49% 10.89%
Cost of Revenue to Revenue		 78.34% 77.33% 75.68% 74.65% 75.97% 76.25% 74.95% 73.08% 74.74% 73.85% 72.59%
SG&A Expenses to Revenue		 13.44% 13.53% 13.50% 13.62% 14.29% 13.75% 13.91% 14.30% 13.99% 14.62% 13.05%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 13.46% 13.53% 13.31% 13.61% 14.36% 13.80% 13.93% 14.35% 14.04% 14.63% 13.05%
Earnings before Interest and Taxes (EBIT)		 54 59 77 90 80 78 99 109 100 113 180
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 63 67 84 100 92 89 111 121 112 129 197
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.96 3.27 4.60 4.97 6.53 6.15 4.68 7.53 8.04 8.85 11.91
Price to Tangible Book Value (P/TBV)		 4.41 4.66 6.27 6.66 8.46 7.78 5.81 9.09 9.48 10.73 14.00
Price to Revenue (P/Rev)		 0.56 0.66 0.96 1.02 1.38 1.34 1.06 1.81 0.00 0.00 0.00
Price to Earnings (P/E)		 12.28 13.02 15.95 14.56 18.20 17.12 13.10 22.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 8.14% 7.68% 6.27% 6.87% 5.49% 5.84% 7.64% 4.55% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.07 3.44 4.94 5.01 7.54 7.28 5.23 9.20 11.52 11.74 18.13
Enterprise Value to Revenue (EV/Rev)		 0.55 0.64 0.94 1.02 1.35 1.30 1.03 1.76 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 6.82 7.40 9.43 8.94 11.34 10.66 8.19 13.86 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 8.07 8.66 10.77 10.08 12.72 12.00 9.25 15.60 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 10.80 11.75 14.39 13.46 16.96 16.09 12.73 21.46 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.47 9.53 15.83 14.15 16.61 15.79 13.50 23.18 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.07 12.51 21.53 35.82 28.31 23.93 25.11 27.79 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.03 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00
Financial Leverage		 -0.02 -0.05 -0.10 -0.07 -0.18 -0.20 -0.18 -0.17 -0.29 -0.23 -0.32
Leverage Ratio		 2.15 2.03 1.93 1.93 1.93 1.87 1.84 1.84 1.76 1.84 1.82
Compound Leverage Factor		 2.14 2.02 1.92 1.92 1.93 1.85 1.83 1.83 2.05 2.43 2.08
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.37% 0.00% 3.15% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.15% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.37% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.90% 0.00%
Noncontrolling Interests to Total Capital		 9.99% 10.11% 10.11% 6.42% 6.29% 5.77% 5.46% 4.86% 0.43% 0.41% 0.43%
Common Equity to Total Capital		 90.01% 89.89% 89.89% 93.58% 93.71% 94.23% 94.54% 92.76% 99.57% 96.44% 99.57%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.48 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.75 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.00 0.00 0.00
Altman Z-Score		 5.01 5.25 6.36 6.58 7.47 7.72 6.71 8.96 7.99 7.38 9.72
Noncontrolling Interest Sharing Ratio		 8.89% 9.24% 9.40% 7.83% 7.89% 7.68% 7.52% 5.59% 2.66% 2.48% 2.25%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.68 1.72 1.83 1.66 1.67 1.68 1.70 1.85 1.80 1.55 1.63
Quick Ratio		 1.29 1.32 1.40 1.25 1.33 1.31 1.30 1.47 1.44 1.24 1.33
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 64 35 2.34 -63 -31 -24 -56 21 -33 -88 -27
Operating Cash Flow to CapEx		 922.09% 425.89% 658.34% 478.38% 705.79% 286.99% 149.55% 541.28% 59.91% 324.95% 244.17%
Free Cash Flow to Firm to Interest Expense		 160.80 87.49 5.77 -159.83 -221.12 -46.06 -211.18 39.09 -71.56 -57.60 -26.49
Operating Cash Flow to Interest Expense		 143.92 62.85 83.10 209.94 662.74 71.93 93.40 172.27 59.44 67.46 107.68
Operating Cash Flow Less CapEx to Interest Expense		 128.31 48.10 70.48 166.06 568.84 46.87 30.95 140.44 -39.77 46.70 63.58
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.48 2.51 2.59 2.68 2.59 2.60 2.54 2.48 0.00 0.00 0.00
Accounts Receivable Turnover		 5.42 6.04 6.27 6.91 5.77 7.08 6.71 6.54 0.00 0.00 0.00
Inventory Turnover		 20.13 18.22 19.06 20.12 22.17 20.81 22.24 22.60 0.00 0.00 0.00
Fixed Asset Turnover		 40.35 40.86 41.88 30.09 29.19 29.44 28.05 22.33 0.00 0.00 0.00
Accounts Payable Turnover		 6.30 6.75 6.88 7.07 6.63 7.23 6.93 6.71 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 67.29 60.45 58.24 52.83 63.30 51.57 54.40 55.78 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 18.13 20.03 19.15 18.14 16.47 17.54 16.41 16.15 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 57.95 54.11 53.08 51.63 55.09 50.48 52.67 54.43 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 27.47 26.37 24.31 19.35 24.68 18.63 18.14 17.50 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 424 456 489 562 516 535 613 622 643 785 783
Invested Capital Turnover		 5.46 5.39 5.58 5.56 6.13 6.05 5.67 5.49 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -23 8.12 56 130 92 79 124 61 107 171 161
Enterprise Value (EV)		 1,304 1,567 2,414 2,815 3,893 3,897 3,211 5,722 7,405 9,217 14,191
Market Capitalization		 1,330 1,600 2,460 2,821 3,988 4,014 3,303 5,881 7,724 9,495 14,637
Book Value per Share		 $22.29 $24.19 $26.45 $28.03 $30.59 $32.67 $35.28 $39.36 $48.41 $53.83 $61.70
Tangible Book Value per Share		 $14.93 $16.99 $19.40 $20.92 $23.59 $25.84 $28.41 $32.60 $41.05 $44.41 $52.47
Total Capital		 500 544 595 606 652 692 747 842 965 1,112 1,235
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20 0.00 35 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20 0.00 0.00 0.00
Net Debt		 -76 -87 -106 -45 -136 -157 -133 -200 -323 -292 -452
Capital Expenditures (CapEx)		 6.21 5.86 5.13 17 13 13 17 17 46 32 44
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 195 218 256 269 213 229 288 291 235 233 205
Debt-free Net Working Capital (DFNWC)		 271 306 362 314 349 341 376 466 494 497 593
Net Working Capital (NWC)		 271 306 362 314 349 341 376 466 494 462 593
Net Nonoperating Expense (NNE)		 -0.10 -0.74 1.15 0.72 -4.32 -2.26 -4.40 2.30 -18 -27 -20
Net Nonoperating Obligations (NNO)		 -76 -87 -106 -45 -136 -157 -133 -200 -323 -292 -452
Total Depreciation and Amortization (D&A)		 9.35 7.69 7.89 11 11 11 12 12 13 16 17
Debt-free, Cash-free Net Working Capital to Revenue		 8.20% 8.96% 9.96% 9.77% 7.40% 7.63% 9.21% 8.96% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 11.39% 12.54% 14.08% 11.40% 12.10% 11.37% 12.03% 14.35% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 11.39% 12.54% 14.08% 11.40% 12.10% 11.37% 12.03% 14.35% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.68 $1.89 $2.32 $2.71 $3.10 $2.76 $3.54 $3.86 $4.58 $5.51 $7.67
Adjusted Weighted Average Basic Shares Outstanding		 20.20M 20.20M 20.23M 20.22M 20.16M 19.99M 19.97M 19.86M 19.89M 19.93M 19.92M
Adjusted Diluted Earnings per Share		 $1.67 $1.87 $2.29 $2.67 $3.06 $2.72 $3.50 $3.81 $4.51 $5.44 $7.57
Adjusted Weighted Average Diluted Shares Outstanding		 20.41M 20.44M 20.48M 20.50M 20.41M 20.25M 20.21M 20.10M 20.17M 20.19M 20.20M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 20.19M 20.22M 20.24M 19.98M 19.97M 20.01M 19.85M 19.85M 19.93M 19.92M 19.92M
Normalized Net Operating Profit after Tax (NOPAT)		 41 43 57 67 62 56 68 82 74 83 134
Normalized NOPAT Margin		 6.32% 6.75% 8.07% 8.76% 7.94% 7.43% 8.19% 9.19% 8.51% 8.56% 10.77%
Pre Tax Income Margin		 8.22% 9.30% 10.79% 11.61% 10.35% 10.36% 11.83% 12.22% 13.31% 15.26% 16.48%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 134.97 149.58 188.62 226.85 574.55 150.93 371.99 204.65 213.65 73.70 178.38
NOPAT to Interest Expense		 102.77 107.94 142.73 170.53 436.80 106.99 256.35 152.78 158.35 54.42 132.91
EBIT Less CapEx to Interest Expense		 119.36 134.82 175.99 182.96 480.65 125.87 309.53 172.83 114.43 52.94 134.28
NOPAT Less CapEx to Interest Expense		 87.17 93.18 130.11 126.65 342.90 81.92 193.89 120.95 59.13 33.66 88.81
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 9.59% 7.76% 8.42% 7.95% 6.95% 7.63% 5.05% 3.69% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 16.51% 9.04% 10.73% 34.67% 39.65% 44.46% 46.62% 26.27% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

IES Holdings, Inc. (NASDAQ: IESC) continues to show strong top-line growth and healthy profitability, but the latest quarter also highlighted a more aggressive balance-sheet and capital-allocation posture.

For the quarter ended March 31, 2026, IES reported revenue of $974.3 million, up from $871.0 million in the prior quarter and $834.0 million a year ago. Net income attributable to common shareholders rose to $109.9 million, compared with $91.4 million in Q1 2026 and $70.7 million in Q2 2025. That points to continued operating momentum, even as cash flow and working-capital demands remained heavy.

Profitability remains solid. Operating income was $112.3 million in Q2 2026, up from $97.7 million in Q1 2026 and $92.7 million in Q2 2025. Gross margin also improved versus the immediately prior quarter, with gross profit of $254.8 million on higher revenue. EPS came in at $5.44 diluted, versus $4.51 in Q1 2026 and $3.50 in Q2 2025, showing meaningful year-over-year earnings growth.

Cash generation is still a strength, but operating cash flow weakened sharply quarter over quarter. IES generated $103.3 million in operating cash flow in Q2 2026, up from $27.7 million in Q1 2026, but that figure was also influenced by a large working-capital swing in the prior quarter. On a broader 12-month view, the company has consistently produced positive operating cash flow, which supports its expansion and acquisition strategy.

The balance sheet expanded considerably over the last year. Total assets rose to $2.0 billion in Q2 2026 from $1.66 billion in Q1 2026 and $1.10 billion in Q2 2025. Equity also climbed to $1.08 billion from $965 million and $747 million, respectively, reflecting retained earnings growth and continuing profitability. However, liabilities increased as well, reaching $916.8 million, so investors should keep an eye on how quickly asset growth is being financed.

Here are the most important takeaways for investors:

  • Revenue growth remains strong at $974.3 million in Q2 2026, up sequentially and year over year.
  • Net income continues to expand, with common-share earnings of $109.9 million in the latest quarter.
  • Operating income improved to $112.3 million, showing solid business execution.
  • EPS growth is impressive, with diluted EPS of $5.44 versus $3.50 a year ago.
  • Operating cash flow stayed positive at $103.3 million, supporting ongoing investment and shareholder returns.
  • Cash and investments remain substantial, including $48.7 million in cash, $214.0 million in short-term investments, and $63.9 million in long-term investments.
  • Retained earnings have climbed sharply to just over $1.0 billion, underscoring long-term earnings accumulation.
  • Working capital remains large, with accounts receivable at $656.6 million and accounts payable at $511.5 million, which is normal for a project-driven business but can create volatility.
  • The company continues to use acquisitions, spending $143.1 million on acquisitions in Q2 2026, which may support growth but also adds integration risk.
  • Cash declined quarter over quarter to $48.7 million from $88.8 million, reflecting significant investing and financing activity.
  • Liabilities remain elevated at $916.8 million, and the company used debt issuance and repayment actively during the quarter.
  • Free cash flow was pressured by acquisitions and capital spending, with $174.9 million in investing cash outflow in Q2 2026.

Longer term, the trend is encouraging. Compared with 2024 and early 2025, IES has grown revenue, expanded earnings, and steadily increased equity. The biggest caution is that the company’s growth has been accompanied by heavy working-capital swings, acquisitions, and balance-sheet expansion. For retail investors, that means the stock’s underlying earnings power looks healthy, but quarter-to-quarter cash flow and leverage trends deserve close monitoring.

08/10/26 11:59 AM ETAI Generated. May Contain Errors.

IES Financials - Frequently Asked Questions

According to the most recent income statement we have on file, IES's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

IES's net income appears to be on an upward trend, with a most recent value of $232.50 million in 2024, rising from $5.32 million in 2014. The previous period was $119.79 million in 2023. See where experts think IES is headed by visiting IES's forecast page.

IES's total operating income in 2024 was $300.88 million, based on the following breakdown:
  • Total Gross Profit: $696.59 million
  • Total Operating Expenses: $395.71 million

Over the last 10 years, IES's total revenue changed from $512.40 million in 2014 to $2.88 billion in 2024, a change of 462.9%.

IES's total liabilities were at $707.70 million at the end of 2025, which was unchanged from 2024, and a 469.5% increase since 2015.

In the past 10 years, IES's cash and equivalents has ranged from $18.93 million in 2019 to $127.17 million in 2024, and is currently $127.17 million as of their latest financial filing in 2025.

Over the last 10 years, IES's book value per share changed from 4.04 in 2014 to 30.59 in 2024, a change of 656.9%.


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Financial statements for NASDAQ:IESC last updated on 7/31/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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