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IES (IESC) Financials

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$322.16 +5.00 (+1.58%)
Closing price 09/18/2026 04:00 PM Eastern
Extended Trading
$322.26 +0.10 (+0.03%)
As of 09/18/2026 07:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 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 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 17 121 13 -14 33 42 67 35 108 219 306
Consolidated Net Income / (Loss)		 17 121 14 -14 33 41 69 40 120 233 312
Net Income / (Loss) Continuing Operations		 17 121 14 -14 33 41 69 40 120 233 312
Total Pre-Tax Income 		18 24 19 24 40 49 85 53 159 305 394
Total Operating Income		 18 25 20 26 42 50 86 56 160 301 384
Total Gross Profit		 100 127 140 150 182 228 288 319 445 697 859
Total Revenue		 574 696 811 877 1,077 1,191 1,536 2,167 2,377 2,884 3,371
Operating Revenue		 574 696 811 877 1,077 1,191 1,536 2,167 2,377 2,884 3,371
Total Cost of Revenue		 474 569 670 727 895 963 1,248 1,848 1,933 2,188 2,512
Operating Cost of Revenue		 474 569 670 727 895 963 1,248 1,848 1,933 2,188 2,512
Total Operating Expenses		 81 102 120 124 141 178 202 263 285 396 476
Selling, General & Admin Expense		 81 101 120 124 141 171 202 263 299 397 475
Impairment Charge		 - - - 0.00 0.00 6.98 0.00 0.00 0.00 0.00 0.00
Restructuring Charge		 0.00 0.65 -0.15 0.10 -0.37 0.01 0.21 0.28 0.28 0.71 1.15
Other Special Charges / (Income)		 -0.01 0.81 -0.07 -0.02 0.05 0.00 -0.05 -0.07 -14 -1.68 -0.16
Total Other Income / (Expense), net		 -0.95 -1.20 -1.54 -1.61 -1.71 -0.79 -0.68 -3.01 -1.23 3.79 10
Interest Expense		 1.13 1.28 1.70 1.95 1.86 0.78 0.96 2.97 3.02 1.34 1.81
Interest & Investment Income		 - - - - - - - - 0.00 0.00 0.00
Other Income / (Expense), net		 0.18 0.08 0.17 0.34 0.15 -0.01 0.29 -0.04 1.79 5.13 12
Income Tax Expense		 0.66 -97 5.21 38 6.66 8.74 16 13 39 72 97
Other Gains / (Losses), net		 - - - - - - - - 0.00 0.00 15
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.10 0.17 0.35 0.27 -1.05 2.02 5.42 11 13 5.87
Basic Earnings per Share		 $0.77 $5.63 $0.62 ($0.67) $1.56 $1.96 $3.19 $1.45 $4.58 $10.02 $15.22
Weighted Average Basic Shares Outstanding		 21.48M 21.28M 21.28M 21.20M 21.08M 20.80M 20.79M 20.67M 20.20M 20.16M 19.92M
Diluted Earnings per Share		 $0.77 $5.62 $0.62 ($0.67) $1.55 $1.94 $3.15 $1.44 $4.54 $9.89 $15.02
Weighted Average Diluted Shares Outstanding		 21.53M 21.49M 21.53M 21.20M 21.32M 21.09M 21.09M 20.89M 20.41M 20.41M 20.18M
Weighted Average Basic & Diluted Shares Outstanding		 21.50M 21.50M 21.60M 21.10M 21.16M 20.75M 20.70M 20.22M 20.19M 19.97M 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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 41 53 62 63 56 71 77 102 91 110 153
Consolidated Net Income / (Loss)		 44 57 67 65 58 73 79 102 92 110 154
Net Income / (Loss) Continuing Operations		 44 57 67 65 58 73 79 102 92 110 154
Total Pre-Tax Income 		59 76 89 80 78 99 109 109 116 149 205
Total Operating Income		 58 78 90 75 75 93 112 104 98 112 179
Total Gross Profit		 144 172 195 186 178 209 240 233 220 255 341
Total Revenue		 634 706 768 776 750 834 890 898 871 974 1,243
Operating Revenue		 634 706 768 776 750 834 890 898 871 974 1,243
Total Cost of Revenue		 491 534 574 589 572 625 651 665 651 719 902
Operating Cost of Revenue		 491 534 574 589 572 625 651 665 651 719 902
Total Operating Expenses		 86 94 105 111 103 116 128 129 122 143 162
Selling, General & Admin Expense		 86 95 105 111 103 116 127 129 122 142 162
Other Special Charges / (Income)		 -0.07 -1.37 -0.13 -0.11 0.03 -0.21 0.36 -0.34 0.34 -0.04 -0.05
Total Other Income / (Expense), net		 1.00 -1.54 -0.97 5.30 3.05 5.99 -3.15 4.48 18 36 26
Interest Expense		 0.40 0.41 0.40 0.14 0.52 0.27 0.53 0.50 0.47 1.53 1.01
Interest & Investment Income		 0.00 0.00 0.00 - 2.39 5.49 -3.31 -4.57 17 37 26
Other Income / (Expense), net		 1.39 -1.14 -0.57 5.44 1.17 0.77 0.69 9.54 1.83 0.57 1.08
Income Tax Expense		 15 19 23 15 20 26 29 21 28 38 51
Other Gains / (Losses), net		 - - - - 0.00 0.00 0.00 15 4.23 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 2.63 3.89 4.54 2.32 2.76 1.94 2.06 -0.89 0.66 0.40 0.57
Basic Earnings per Share		 $1.89 $2.32 $2.71 $3.10 $2.76 $3.54 $3.86 $5.11 $4.58 $5.51 $7.67
Weighted Average Basic Shares Outstanding		 20.20M 20.23M 20.22M 20.16M 19.99M 19.97M 19.86M 19.92M 19.89M 19.93M 19.92M
Diluted Earnings per Share		 $1.87 $2.29 $2.67 $3.06 $2.72 $3.50 $3.81 $5.11 $4.51 $5.44 $7.57
Weighted Average Diluted Shares Outstanding		 20.44M 20.48M 20.50M 20.41M 20.25M 20.21M 20.10M 20.18M 20.17M 20.19M 20.20M
Weighted Average Basic & Diluted Shares Outstanding		 20.22M 20.24M 19.98M 19.97M 20.01M 19.85M 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 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 9/30/2024 9/30/2025
Net Change in Cash & Equivalents		 2.02 -16 -4.93 -2.04 -7.41 35 -30 1.74 51 25 26
Net Cash From Operating Activities		 12 25 22 12 39 77 38 16 154 234 286
Net Cash From Continuing Operating Activities		 12 25 22 12 39 77 38 16 154 235 286
Net Income / (Loss) Continuing Operations		 17 121 14 -14 33 41 69 40 120 233 312
Consolidated Net Income / (Loss)		 17 121 14 -14 33 41 69 40 120 233 312
Depreciation Expense		 2.51 5.66 9.63 8.86 9.56 13 22 25 29 37 47
Amortization Expense		 0.32 0.35 0.29 0.29 0.32 0.15 0.20 0.20 0.27 0.29 0.48
Non-Cash Adjustments To Reconcile Net Income		 0.86 2.75 10 -14 11 27 -2.30 21 13 54 1.39
Changes in Operating Assets and Liabilities, net		 -8.72 -105 -12 31 -16 -3.04 -51 -70 -8.18 -89 -75
Net Cash From Investing Activities		 -5.89 -61 -25 -12 -5.75 -34 -100 -30 2.77 -109 -164
Net Cash From Continuing Investing Activities		 -5.89 -61 -25 -12 -5.85 -34 -100 -30 2.77 -109 -164
Purchase of Property, Plant & Equipment		 -2.78 -3.42 -4.59 -4.56 -6.30 -4.75 -7.40 -29 -18 -45 -67
Acquisitions		 -3.11 -60 -20 -7.41 - -29 -92 -0.50 -0.17 -67 -97
Sale of Property, Plant & Equipment		 0.00 2.23 0.27 0.11 0.50 0.10 0.30 0.22 21 3.69 0.83
Net Cash From Financing Activities		 -3.60 20 -2.75 -2.41 -40 -8.51 31 15 -106 -100 -96
Net Cash From Continuing Financing Activities		 -3.60 20 -2.75 -2.41 -40 -8.51 31 15 -106 -100 -96
Repayment of Debt		 0.00 -0.29 -5.43 -0.18 -120 -593 -1,279 -1,884 -2,468 -2,901 -1,001
Repurchase of Common Equity		 -3.62 -0.59 -2.37 -2.06 -9.80 -7.70 -8.19 -19 -8.28 -76 -82
Payment of Dividends		 - 0.00 -0.15 -0.35 - -0.64 -0.31 -7.00 -11 -16 -8.59
Issuance of Debt		 0.03 20 5.43 0.17 89 593 1,319 1,924 2,382 2,896 996
Other Financing Activities, net		 - 0.00 -0.23 0.01 -0.24 0.03 0.00 0.05 0.02 -4.06 -1.45
Cash Interest Paid		 0.79 1.01 1.52 1.68 1.74 0.78 0.74 3.07 2.09 0.54 0.88
Cash Income Taxes Paid		 1.53 1.42 2.43 2.84 1.37 0.32 5.06 3.95 12 62 117

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 12 19 -61 56 -42 -37 86 19 -38 -39 28
Net Cash From Operating Activities		 25 34 83 93 37 25 92 132 28 103 108
Net Cash From Continuing Operating Activities		 25 34 83 93 37 25 92 132 28 103 108
Net Income / (Loss) Continuing Operations		 44 57 67 65 58 73 79 102 92 110 154
Consolidated Net Income / (Loss)		 44 57 67 65 58 73 79 102 92 110 154
Depreciation Expense		 7.62 7.82 11 11 11 12 12 12 13 16 17
Amortization Expense		 0.07 0.07 0.07 0.08 0.08 0.10 0.15 0.15 0.15 0.15 0.15
Non-Cash Adjustments To Reconcile Net Income		 33 -4.43 13 13 12 -37 12 14 2.25 50 34
Changes in Operating Assets and Liabilities, net		 -59 -27 -6.99 2.78 -43 -23 -11 3.00 -79 -73 -97
Net Cash From Investing Activities		 -5.99 -5.38 -85 -12 -58 -39 -17 -50 -46 -175 -44
Net Cash From Continuing Investing Activities		 -5.99 -5.38 -85 -12 -58 -39 -17 -50 -46 -175 -44
Purchase of Property, Plant & Equipment		 -6.52 -6.84 -18 -14 -13 -17 -17 -20 -47 -32 -45
Sale of Property, Plant & Equipment		 0.66 1.72 0.20 1.12 0.19 0.34 0.15 0.15 0.34 0.05 0.23
Net Cash From Financing Activities		 -7.28 -9.85 -59 -24 -21 -23 11 -64 -20 32 -36
Net Cash From Continuing Financing Activities		 -7.28 -9.85 -59 -24 -21 -23 11 -64 -20 32 -36
Repayment of Debt		 -654 -693 -744 -808 -781 -196 -1.08 -21 -1.38 -56 -136
Repurchase of Common Equity		 -0.93 -2.29 -52 -21 -16 -21 -5.33 -40 -18 -1.72 -0.14
Payment of Dividends		 -1.30 -6.57 -5.67 -2.62 -3.95 -1.02 -2.57 -1.06 -0.75 -0.14 0.00
Issuance of Debt		 653 692 743 806 780 195 20 - 0.00 90 100
Cash Interest Paid		 0.14 0.13 0.14 0.13 0.12 0.23 0.21 0.32 0.23 1.23 0.59
Cash Income Taxes Paid		 0.12 37 20 3.82 0.37 64 30 23 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 9/30/2024 9/30/2025
Total Assets		 226 394 424 422 445 561 767 935 982 1,244 1,596
Total Current Assets		 189 210 232 263 296 371 484 624 671 872 1,085
Cash & Equivalents		 49 33 28 26 19 54 23 25 76 101 127
Restricted Cash		 0.00 0.26 - - - - - - - - 0.00
Short-Term Investments		 - - - - - - - - 0.00 35 105
Note & Lease Receivable		 - - - - - - - - - - 100
Accounts Receivable		 93 124 143 183 186 213 328 436 441 560 552
Inventories, net		 14 13 17 21 22 25 69 96 96 102 112
Prepaid Expenses		 2.96 3.21 8.80 8.14 11 9.15 21 15 10 14 21
Other Current Assets		 30 36 35 24 59 71 43 52 49 60 69
Plant, Property, & Equipment, net		 12 16 25 25 26 25 35 54 63 134 183
Total Noncurrent Assets		 25 169 168 134 123 164 247 256 247 238 327
Long-Term Investments		 - - - - - - - - - 0.00 60
Goodwill		 17 40 47 51 51 54 92 92 92 94 108
Intangible Assets		 4.72 32 31 31 27 39 86 72 56 46 42
Noncurrent Deferred & Refundable Income Taxes		 0.00 94 86 47 41 34 19 21 20 22 16
Other Noncurrent Operating Assets		 2.98 3.71 3.78 6.07 4.94 38 50 71 78 76 102
Total Liabilities & Shareholders' Equity		 226 394 424 422 445 561 767 935 982 1,244 1,596
Total Liabilities		 124 169 185 198 196 275 396 544 482 592 708
Total Current Liabilities		 108 133 151 164 193 242 312 402 401 523 633
Short-Term Debt		 0.00 - - - 0.00 - - - - - 0.00
Accounts Payable		 83 109 121 131 153 187 249 317 297 364 457
Current Deferred Revenue		 25 24 30 34 41 56 62 85 104 159 177
Total Noncurrent Liabilities		 16 36 34 34 2.24 33 84 142 81 69 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 17 6.76
Other Noncurrent Operating Liabilities		 6.98 6.83 4.46 4.37 1.95 33 45 51 59 53 68
Redeemable Noncontrolling Interest		 - - - - - - - - - - 4.01
Total Equity & Noncontrolling Interests		 101 223 240 224 250 285 371 390 500 652 884
Total Preferred & Common Equity		 101 223 237 220 246 283 346 361 450 611 884
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		 101 223 237 220 246 283 346 361 450 611 884
Common Stock		 194 195 197 197 193 201 202 202 204 204 211
Retained Earnings		 -88 33 46 32 66 107 173 203 296 498 801
Treasury Stock		 -4.40 -4.78 -6.90 -8.94 -12 -24 -29 -44 -49 -90 -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 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 9/30/2024 9/30/2025
DEI Shares Outstanding		 - - - - - - - - - - 19,854,463.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 39,708,926.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 7.71
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.00% 21.28% 16.49% 8.15% 22.83% 10.57% 29.02% 41.02% 9.71% 21.33% 16.89%
EBITDA Growth		 99.84% 44.47% -1.99% 16.45% 46.36% 20.93% 72.13% -24.40% 134.26% 79.56% 29.04%
EBIT Growth		 137.99% 34.15% -18.11% 28.22% 59.72% 19.22% 71.49% -34.82% 188.67% 89.39% 29.31%
NOPAT Growth		 164.38% 613.71% -88.42% -200.06% 337.22% 18.05% 68.00% -38.65% 184.26% 90.21% 25.98%
Net Income Growth		 210.63% 630.91% -88.75% -201.54% 342.54% 21.14% 69.34% -41.48% 198.08% 94.10% 34.13%
EPS Growth		 165.52% 629.87% -88.97% -208.06% 331.34% 25.16% 62.37% -54.29% 215.28% 117.84% 51.87%
Operating Cash Flow Growth		 -8.67% 117.00% -10.49% -45.30% 216.79% 98.17% -50.58% -57.12% 846.39% 52.31% 22.05%
Free Cash Flow Firm Growth		 -35.32% -547.84% 84.31% 89.37% 5,723.10% 30.37% -313.63% 79.58% 916.77% -4.39% 52.00%
Invested Capital Growth		 20.50% 261.14% 8.99% -5.87% 1.74% 0.37% 67.07% 15.52% -5.16% 21.72% 15.55%
Revenue Q/Q Growth		 4.33% 7.07% 0.12% 4.00% 5.21% 3.19% 11.09% 6.57% 1.35% 4.60% 3.76%
EBITDA Q/Q Growth		 32.59% 10.90% -4.79% 3.35% 11.44% -48.56% 20.10% -4.19% 18.92% 9.05% 8.49%
EBIT Q/Q Growth		 38.66% 6.82% -9.30% 7.07% 13.86% -49.35% 22.13% -7.13% 20.85% 9.57% 9.22%
NOPAT Q/Q Growth		 46.07% 357.21% -87.81% 10.07% 17.29% -45.87% 17.67% -11.19% 22.92% 9.83% 8.50%
Net Income Q/Q Growth		 47.81% 359.47% -87.91% 9.97% 18.43% 9.44% -2.97% 20.07% 23.65% 11.76% 13.38%
EPS Q/Q Growth		 42.59% 360.66% -88.12% 8.22% 18.32% 13.45% 14.13% -19.55% 26.46% 16.35% 14.74%
Operating Cash Flow Q/Q Growth		 -12.26% 30.05% 5.09% -28.62% 40.59% 3.67% -32.63% 208.24% 17.77% 17.85% 15.89%
Free Cash Flow Firm Q/Q Growth		 -2.63% 21.48% -164.19% 50.83% 59.95% 113.45% -150.41% 62.72% 14.31% 75.00% 1.50%
Invested Capital Q/Q Growth		 2.94% 71.09% -0.32% 0.13% -2.60% -51.29% 6.49% -2.48% -1.60% -8.06% -4.13%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 17.41% 18.24% 17.33% 17.10% 16.91% 19.14% 18.74% 14.72% 18.70% 24.15% 25.49%
EBITDA Margin		 3.75% 4.46% 3.75% 4.04% 4.82% 5.27% 7.03% 3.77% 8.04% 11.91% 13.14%
Operating Margin		 3.22% 3.59% 2.51% 2.96% 3.89% 4.21% 5.57% 2.58% 6.72% 10.43% 11.38%
EBIT Margin		 3.25% 3.60% 2.53% 3.00% 3.90% 4.20% 5.59% 2.58% 6.80% 10.61% 11.74%
Profit (Net Income) Margin		 2.88% 17.37% 1.68% -1.57% 3.11% 3.41% 4.47% 1.85% 5.04% 8.06% 9.25%
Tax Burden Percent		 94.30% 508.72% 72.29% -56.69% 83.40% 82.27% 80.88% 75.82% 75.55% 76.31% 79.17%
Interest Burden Percent		 93.95% 94.88% 91.70% 92.60% 95.58% 98.45% 98.88% 94.69% 98.13% 99.56% 99.54%
Effective Tax Rate		 3.77% -408.72% 27.71% 156.69% 16.60% 17.73% 19.12% 24.18% 24.45% 23.69% 24.58%
Return on Invested Capital (ROIC)		 31.74% 89.90% 6.36% -6.29% 15.25% 17.81% 22.37% 10.18% 27.71% 48.83% 51.99%
ROIC Less NNEP Spread (ROIC-NNEP)		 34.98% 118.72% 223.16% 34.53% 33.86% 19.61% 25.35% 3.97% 37.48% 46.10% 41.42%
Return on Net Nonoperating Assets (RNNOA)		 -14.28% -15.47% -0.49% 0.33% -1.10% -2.64% -1.42% 0.38% -0.80% -8.47% -11.49%
Return on Equity (ROE)		 17.46% 74.43% 5.87% -5.95% 14.15% 15.17% 20.95% 10.56% 26.91% 40.36% 40.50%
Cash Return on Invested Capital (CROIC)		 13.15% -23.36% -2.24% -0.24% 13.52% 17.44% -27.86% -4.22% 33.01% 29.24% 37.56%
Operating Return on Assets (OROA)		 8.75% 8.08% 5.01% 6.21% 9.69% 9.96% 12.94% 6.58% 16.86% 27.50% 27.87%
Return on Assets (ROA)		 7.75% 38.99% 3.32% -3.26% 7.72% 8.06% 10.35% 4.72% 12.50% 20.89% 21.96%
Return on Common Equity (ROCE)		 17.46% 74.43% 5.83% -5.87% 13.96% 15.03% 20.11% 9.81% 24.51% 37.18% 39.31%
Return on Equity Simple (ROE_SIMPLE)		 16.31% 54.11% 5.74% -6.26% 13.60% 14.31% 19.85% 11.12% 26.62% 38.05% 0.00%
Net Operating Profit after Tax (NOPAT)		 18 127 15 -15 35 41 69 42 121 230 289
NOPAT Margin		 3.10% 18.24% 1.81% -1.68% 3.24% 3.46% 4.51% 1.96% 5.08% 7.96% 8.58%
Net Nonoperating Expense Percent (NNEP)		 -3.24% -28.82% -216.80% -40.82% -18.61% -1.80% -2.98% 6.21% -9.77% 2.73% 10.57%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 32.72%
Cost of Revenue to Revenue		 82.59% 81.76% 82.67% 82.90% 83.09% 80.86% 81.26% 85.28% 81.30% 75.85% 74.51%
SG&A Expenses to Revenue		 14.19% 14.45% 14.85% 14.13% 13.05% 14.35% 13.16% 12.12% 12.56% 13.75% 14.09%
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		 14.19% 14.66% 14.82% 14.14% 13.08% 14.94% 13.17% 12.13% 11.98% 13.72% 14.12%
Earnings before Interest and Taxes (EBIT)		 19 25 21 26 42 50 86 56 162 306 396
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 21 31 30 35 52 63 108 82 191 343 443
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.64 1.71 1.57 1.88 1.77 2.36 2.75 1.57 2.96 6.53 8.93
Price to Tangible Book Value (P/TBV)		 2.09 2.51 2.34 2.97 2.58 3.52 5.67 2.88 4.41 8.46 10.75
Price to Revenue (P/Rev)		 0.29 0.55 0.46 0.47 0.41 0.56 0.62 0.26 0.56 1.38 2.34
Price to Earnings (P/E)		 10.04 3.16 27.63 0.00 13.16 16.08 14.30 16.31 12.28 18.20 25.80
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		 9.96% 31.65% 3.62% 0.00% 7.60% 6.22% 7.00% 6.13% 8.14% 5.49% 3.88%
Enterprise Value to Invested Capital (EV/IC)		 2.06 1.71 1.56 1.85 1.83 2.66 2.57 1.46 3.07 7.54 12.75
Enterprise Value to Revenue (EV/Rev)		 0.22 0.54 0.46 0.48 0.39 0.52 0.65 0.30 0.55 1.35 2.26
Enterprise Value to EBITDA (EV/EBITDA)		 5.86 12.16 12.33 11.85 8.13 9.84 9.21 8.00 6.82 11.34 17.17
Enterprise Value to EBIT (EV/EBIT)		 6.75 15.08 18.30 15.98 10.04 12.33 11.58 11.66 8.07 12.72 19.23
Enterprise Value to NOPAT (EV/NOPAT)		 7.08 2.97 25.52 0.00 12.08 14.98 14.36 15.37 10.80 16.96 26.30
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.95 15.13 16.79 34.36 10.88 8.04 26.22 40.15 8.47 16.61 26.59
Enterprise Value to Free Cash Flow (EV/FCFF)		 17.09 0.00 0.00 0.00 13.62 15.29 0.00 0.00 9.07 28.31 36.40
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.09 0.13 0.12 0.13 0.00 0.00 0.11 0.21 0.00 0.00 0.00
Long-Term Debt to Equity		 0.09 0.13 0.12 0.13 0.00 0.00 0.11 0.21 0.00 0.00 0.00
Financial Leverage		 -0.41 -0.13 0.00 0.01 -0.03 -0.13 -0.06 0.10 -0.02 -0.18 -0.28
Leverage Ratio		 2.25 1.91 1.77 1.83 1.83 1.88 2.02 2.24 2.15 1.93 1.84
Compound Leverage Factor		 2.12 1.81 1.62 1.69 1.75 1.85 2.00 2.12 2.11 1.92 1.84
Debt to Total Capital		 8.32% 11.58% 10.93% 11.68% 0.12% 0.08% 9.69% 17.29% 0.00% 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		 8.32% 11.58% 10.93% 11.68% 0.12% 0.08% 9.69% 17.29% 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% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 1.21% 1.28% 1.32% 0.63% 5.99% 6.18% 9.99% 6.29% 0.45%
Common Equity to Total Capital		 91.68% 88.42% 87.86% 87.05% 98.56% 99.29% 84.32% 76.53% 90.01% 93.71% 99.55%
Debt to EBITDA		 0.43 0.94 0.97 0.83 0.01 0.00 0.37 1.00 0.00 0.00 0.00
Net Debt to EBITDA		 -1.87 -0.13 0.04 0.09 -0.36 -0.85 0.15 0.70 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.43 0.94 0.97 0.83 0.01 0.00 0.37 1.00 0.00 0.00 0.00
Debt to NOPAT		 0.52 0.23 2.00 -2.01 0.01 0.01 0.57 1.92 0.00 0.00 0.00
Net Debt to NOPAT		 -2.26 -0.03 0.08 -0.23 -0.53 -1.30 0.24 1.34 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.52 0.23 2.00 -2.01 0.01 0.01 0.57 1.92 0.00 0.00 0.00
Altman Z-Score		 3.50 3.68 3.66 3.92 4.55 4.42 4.40 3.73 5.37 8.07 10.67
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.71% 1.40% 1.38% 0.95% 4.03% 7.07% 8.89% 7.89% 2.92%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.75 1.58 1.54 1.60 1.53 1.53 1.55 1.55 1.68 1.67 1.71
Quick Ratio		 1.32 1.18 1.14 1.27 1.06 1.10 1.13 1.15 1.29 1.33 1.40
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 7.37 -33 -5.18 -0.55 31 40 -86 -18 144 138 209
Operating Cash Flow to CapEx		 414.03% 2,094.63% 517.46% 274.39% 667.89% 1,653.54% 533.69% 56.01% 0.00% 565.31% 430.74%
Free Cash Flow to Firm to Interest Expense		 6.52 -25.74 -3.04 -0.28 16.67 51.93 -89.61 -5.93 47.59 102.77 115.22
Operating Cash Flow to Interest Expense		 10.18 19.48 13.13 6.28 20.85 98.77 39.42 5.48 50.93 175.19 157.72
Operating Cash Flow Less CapEx to Interest Expense		 7.72 18.55 10.59 3.99 17.73 92.79 32.04 -4.30 51.90 144.20 121.10
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.69 2.25 1.98 2.07 2.48 2.37 2.32 2.55 2.48 2.59 2.37
Accounts Receivable Turnover		 6.73 6.40 6.07 5.38 5.83 5.96 5.68 5.67 5.42 5.77 6.07
Inventory Turnover		 31.57 41.82 44.45 38.37 42.10 41.48 26.72 22.41 20.13 22.17 23.56
Fixed Asset Turnover		 52.48 50.85 40.20 35.07 42.14 47.32 51.18 48.22 40.35 29.19 21.24
Accounts Payable Turnover		 6.04 5.94 5.84 5.78 6.31 5.67 5.73 6.53 6.30 6.63 6.13
Days Sales Outstanding (DSO)		 54.20 56.99 60.17 67.85 62.58 61.19 64.27 64.33 67.29 63.30 60.18
Days Inventory Outstanding (DIO)		 11.56 8.73 8.21 9.51 8.67 8.80 13.66 16.29 18.13 16.47 15.49
Days Payable Outstanding (DPO)		 60.43 61.49 62.50 63.10 57.82 64.37 63.71 55.91 57.95 55.09 59.59
Cash Conversion Cycle (CCC)		 5.33 4.22 5.89 14.26 13.43 5.62 14.22 24.72 27.47 24.68 16.08
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 61 221 241 227 231 232 387 447 424 516 597
Invested Capital Turnover		 10.24 4.93 3.51 3.75 4.70 5.15 4.96 5.19 5.46 6.13 6.06
Increase / (Decrease) in Invested Capital		 10 160 20 -14 3.95 0.85 155 60 -23 92 80
Enterprise Value (EV)		 126 378 375 420 421 617 994 653 1,304 3,893 7,608
Market Capitalization		 166 382 371 414 437 669 953 567 1,330 3,988 7,895
Book Value per Share		 $4.71 $10.41 $11.04 $10.39 $11.61 $13.46 $16.59 $17.60 $22.29 $30.59 $44.52
Tangible Book Value per Share		 $3.69 $7.07 $7.40 $6.56 $7.97 $9.04 $8.05 $9.60 $14.93 $23.59 $36.99
Total Capital		 111 253 269 253 250 285 410 472 500 652 888
Total Debt		 9.21 29 29 30 0.30 0.22 40 82 0.00 0.00 0.00
Total Long-Term Debt		 9.20 29 29 30 0.30 0.22 40 82 0.00 0.00 0.00
Net Debt		 -40 -3.96 1.14 3.32 -19 -53 17 57 -76 -136 -291
Capital Expenditures (CapEx)		 2.78 1.19 4.32 4.46 5.80 4.64 7.11 29 -2.94 41 66
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 32 43 53 72 84 75 149 198 195 213 220
Debt-free Net Working Capital (DFNWC)		 81 77 81 98 103 129 173 223 271 349 452
Net Working Capital (NWC)		 81 77 81 98 103 129 173 223 271 349 452
Net Nonoperating Expense (NNE)		 1.25 6.10 1.11 -0.91 1.43 0.65 0.55 2.28 0.93 -2.89 -23
Net Nonoperating Obligations (NNO)		 -40 -2.17 1.14 3.32 -19 -53 17 57 -76 -136 -291
Total Depreciation and Amortization (D&A)		 2.83 6.01 9.93 9.15 9.88 13 22 26 30 37 47
Debt-free, Cash-free Net Working Capital to Revenue		 5.51% 6.24% 6.52% 8.21% 7.80% 6.33% 9.73% 9.12% 8.20% 7.40% 6.53%
Debt-free Net Working Capital to Revenue		 14.11% 11.02% 10.01% 11.21% 9.56% 10.83% 11.23% 10.27% 11.39% 12.10% 13.41%
Net Working Capital to Revenue		 14.11% 11.02% 10.01% 11.21% 9.56% 10.83% 11.23% 10.27% 11.39% 12.10% 13.41%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.77 $5.63 $0.62 ($0.67) $1.56 $1.96 $3.19 $1.45 $4.58 $10.02 $7.61
Adjusted Weighted Average Basic Shares Outstanding		 21.48M 21.28M 21.28M 21.20M 21.08M 20.80M 20.79M 20.67M 20.20M 20.16M 39.83M
Adjusted Diluted Earnings per Share		 $0.77 $5.62 $0.62 ($0.67) $1.55 $1.94 $3.15 $1.44 $4.54 $9.89 $7.51
Adjusted Weighted Average Diluted Shares Outstanding		 21.53M 21.49M 21.53M 21.20M 21.32M 21.09M 21.09M 20.89M 20.41M 20.41M 40.37M
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		 21.47M 21.46M 21.34M 21.21M 21.16M 20.75M 20.70M 20.22M 20.19M 19.97M 39.71M
Normalized Net Operating Profit after Tax (NOPAT)		 18 18 15 18 35 47 69 43 110 229 290
Normalized NOPAT Margin		 3.10% 2.66% 1.79% 2.08% 3.22% 3.94% 4.51% 1.97% 4.64% 7.93% 8.60%
Pre Tax Income Margin		 3.06% 3.41% 2.32% 2.78% 3.73% 4.14% 5.53% 2.45% 6.67% 10.56% 11.68%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 16.52 19.53 12.05 13.51 22.62 64.44 89.26 18.85 53.46 228.70 218.14
NOPAT to Interest Expense		 15.74 99.05 8.64 -7.56 18.80 53.03 71.96 14.30 39.95 171.61 159.46
EBIT Less CapEx to Interest Expense		 14.06 18.60 9.51 11.22 19.49 58.47 81.87 9.07 54.44 197.71 181.52
NOPAT Less CapEx to Interest Expense		 13.29 98.12 6.10 -9.85 15.67 47.06 64.57 4.52 40.92 140.62 122.85
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 1.13% -2.53% 0.00% 1.58% 0.45% 17.42% 9.59% 6.95% 2.76%
Augmented Payout Ratio		 21.90% 0.49% 18.54% -17.45% 29.28% 20.56% 12.38% 63.59% 16.51% 39.65% 28.94%

Quarterly Metrics And Ratios for IES

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - 19,854,463.00 - 19,927,999.00 19,923,887.00
DEI Adjusted Shares Outstanding		 - - - - - - - 39,708,926.00 - 19,927,999.00 19,923,887.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - 2.56 - 5.52 7.68
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 10.36% 24.06% 31.48% 19.53% 18.14% 18.17% 15.84% 15.73% 16.20% 16.83% 39.60%
EBITDA Growth		 44.49% 109.55% 141.94% 45.19% 33.21% 31.41% 20.74% 37.88% 29.25% 22.33% 58.14%
EBIT Growth		 48.58% 129.43% 159.67% 49.74% 31.66% 29.21% 21.96% 41.54% 31.36% 20.72% 59.53%
NOPAT Growth		 42.14% 145.19% 159.01% 49.50% 29.33% 17.67% 21.12% 37.23% 33.15% 22.18% 64.05%
Net Income Growth		 51.59% 134.98% 157.75% 59.67% 32.33% 27.80% 18.98% 56.22% 59.10% 51.96% 93.66%
EPS Growth		 64.04% 148.91% 229.63% 83.23% 45.45% 52.84% 42.70% 63.26% 65.81% 55.43% 98.69%
Operating Cash Flow Growth		 73.96% -26.19% 126.81% 61.98% 49.32% -26.37% 10.93% 42.27% -25.65% 315.74% 17.87%
Free Cash Flow Firm Growth		 250.36% -85.33% -217.77% -148.37% -168.70% -2,497.65% 133.06% 111.80% -39.76% -56.98% -227.78%
Invested Capital Growth		 1.81% 12.83% 30.27% 21.72% 17.38% 25.43% 10.81% 15.55% 20.01% 27.96% 25.79%
Revenue Q/Q Growth		 -2.25% 11.24% 8.88% 0.96% -3.38% 11.26% 6.74% 0.86% 0.00% 11.86% 27.55%
EBITDA Q/Q Growth		 6.35% 25.94% 18.73% -8.70% -2.42% 24.24% 9.10% 1.48% 0.00% 14.85% 52.42%
EBIT Q/Q Growth		 10.55% 28.96% 17.01% -10.23% -2.80% 26.56% 10.45% 1.12% 0.00% 13.33% 59.20%
NOPAT Q/Q Growth		 4.76% 35.23% 16.24% -9.22% -9.37% 23.04% 19.65% 2.86% 0.00% 12.91% 60.64%
Net Income Q/Q Growth		 6.29% 30.31% 17.32% -1.75% -11.90% 25.85% 9.22% 29.00% 0.00% 20.21% 39.19%
EPS Q/Q Growth		 11.98% 22.46% 16.59% 14.61% -11.11% 28.68% 8.86% 34.12% 0.00% 20.62% 39.15%
Operating Cash Flow Q/Q Growth		 -56.44% 35.21% 145.79% 11.88% -59.84% -33.32% 270.27% 43.49% 0.00% 272.86% 4.98%
Free Cash Flow Firm Q/Q Growth		 -45.73% -93.25% -2,794.73% 50.97% 22.92% -135.41% 137.16% -82.50% 0.00% -164.42% 69.75%
Invested Capital Q/Q Growth		 7.54% 7.20% 14.84% -8.06% 3.71% 14.55% 1.45% -4.13% 0.00% 22.14% -0.27%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 22.67% 24.32% 25.35% 24.03% 23.75% 25.05% 26.92% 25.95% 25.26% 26.15% 27.41%
EBITDA Margin		 10.57% 11.97% 13.05% 11.80% 11.92% 13.31% 13.60% 14.06% 12.90% 13.25% 15.83%
Operating Margin		 9.14% 11.01% 11.74% 9.67% 9.96% 11.12% 12.57% 11.62% 11.22% 11.52% 14.37%
EBIT Margin		 9.36% 10.85% 11.66% 10.37% 10.43% 11.86% 12.28% 12.68% 11.43% 11.58% 14.45%
Profit (Net Income) Margin		 6.87% 8.05% 8.67% 8.44% 7.70% 8.70% 8.91% 11.39% 10.54% 11.32% 12.36%
Tax Burden Percent		 73.90% 74.57% 74.70% 81.54% 74.27% 73.56% 72.91% 94.02% 79.15% 74.22% 74.96%
Interest Burden Percent		 99.33% 99.47% 99.56% 99.83% 99.34% 99.73% 99.51% 95.55% 116.46% 131.73% 114.04%
Effective Tax Rate		 26.10% 25.43% 25.30% 18.46% 25.73% 26.44% 27.09% 19.55% 24.50% 25.78% 25.04%
Return on Invested Capital (ROIC)		 36.41% 45.82% 48.71% 48.35% 44.73% 46.40% 50.32% 56.64% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 33.50% 47.97% 50.67% 44.27% 42.88% 42.71% 52.19% 48.04% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -1.78% -4.98% -3.49% -8.13% -8.48% -7.61% -8.95% -13.33% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 34.63% 40.84% 45.22% 40.22% 36.25% 38.78% 41.36% 43.31% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 27.71% 24.31% 15.83% 29.24% 32.85% 23.20% 34.79% 37.56% -18.19% -24.53% -22.85%
Operating Return on Assets (OROA)		 23.53% 28.06% 31.30% 26.88% 27.12% 30.10% 30.39% 30.11% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 17.27% 20.82% 23.27% 21.88% 20.01% 22.08% 22.05% 27.05% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 31.43% 37.00% 41.68% 37.05% 33.47% 35.87% 39.05% 42.04% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 27.55% 31.27% 36.66% 0.00% 37.80% 37.18% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 43 58 67 61 55 68 82 84 74 83 134
NOPAT Margin		 6.75% 8.21% 8.77% 7.88% 7.39% 8.18% 9.17% 9.35% 8.47% 8.55% 10.77%
Net Nonoperating Expense Percent (NNEP)		 2.90% -2.15% -1.96% 4.09% 1.85% 3.68% -1.87% 8.60% 7.50% 12.69% 6.05%
Return On Investment Capital (ROIC_SIMPLE)		 7.88% - - - 8.00% 9.13% 9.68% 9.49% 7.64% 7.49% 10.89%
Cost of Revenue to Revenue		 77.33% 75.68% 74.65% 75.97% 76.25% 74.95% 73.08% 74.05% 74.74% 73.85% 72.59%
SG&A Expenses to Revenue		 13.53% 13.50% 13.62% 14.29% 13.75% 13.91% 14.30% 14.32% 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		 13.53% 13.31% 13.61% 14.36% 13.80% 13.93% 14.35% 14.33% 14.04% 14.63% 13.05%
Earnings before Interest and Taxes (EBIT)		 59 77 90 80 78 99 109 114 100 113 180
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 67 84 100 92 89 111 121 126 112 129 197
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.27 4.60 4.97 6.53 6.15 4.68 7.53 8.93 8.04 8.85 11.91
Price to Tangible Book Value (P/TBV)		 4.66 6.27 6.66 8.46 7.78 5.81 9.09 10.75 9.48 10.73 14.00
Price to Revenue (P/Rev)		 0.66 0.96 1.02 1.38 1.34 1.06 1.81 2.34 0.00 0.00 0.00
Price to Earnings (P/E)		 13.02 15.95 14.56 18.20 17.12 13.10 22.00 25.80 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		 7.68% 6.27% 6.87% 5.49% 5.84% 7.64% 4.55% 3.88% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.44 4.94 5.01 7.54 7.28 5.23 9.20 12.75 11.52 11.74 18.13
Enterprise Value to Revenue (EV/Rev)		 0.64 0.94 1.02 1.35 1.30 1.03 1.76 2.26 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 7.40 9.43 8.94 11.34 10.66 8.19 13.86 17.17 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 8.66 10.77 10.08 12.72 12.00 9.25 15.60 19.23 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 11.75 14.39 13.46 16.96 16.09 12.73 21.46 26.30 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.53 15.83 14.15 16.61 15.79 13.50 23.18 26.59 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.51 21.53 35.82 28.31 23.93 25.11 27.79 36.40 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.03 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00
Financial Leverage		 -0.05 -0.10 -0.07 -0.18 -0.20 -0.18 -0.17 -0.28 -0.29 -0.23 -0.32
Leverage Ratio		 2.03 1.93 1.93 1.93 1.87 1.84 1.84 1.84 1.76 1.84 1.82
Compound Leverage Factor		 2.02 1.92 1.92 1.93 1.85 1.83 1.83 1.76 2.05 2.43 2.08
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.37% 0.00% 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% 2.37% 0.00% 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		 10.11% 10.11% 6.42% 6.29% 5.77% 5.46% 4.86% 0.45% 0.43% 0.41% 0.43%
Common Equity to Total Capital		 89.89% 89.89% 93.58% 93.71% 94.23% 94.54% 92.76% 99.55% 99.57% 96.44% 99.57%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -0.48 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -0.75 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.00 0.00 0.00 0.00
Altman Z-Score		 5.25 6.36 6.58 7.47 7.72 6.71 8.96 10.08 7.99 7.38 9.72
Noncontrolling Interest Sharing Ratio		 9.24% 9.40% 7.83% 7.89% 7.68% 7.52% 5.59% 2.92% 2.66% 2.48% 2.25%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.72 1.83 1.66 1.67 1.68 1.70 1.85 1.71 1.80 1.55 1.63
Quick Ratio		 1.32 1.40 1.25 1.33 1.31 1.30 1.47 1.40 1.44 1.24 1.33
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 35 2.34 -63 -31 -24 -56 21 3.65 -33 -88 -27
Operating Cash Flow to CapEx		 425.89% 658.34% 478.38% 705.79% 286.99% 149.55% 541.28% 665.66% 59.91% 324.95% 244.17%
Free Cash Flow to Firm to Interest Expense		 87.49 5.77 -159.83 -221.12 -46.06 -211.18 39.09 7.36 -71.56 -57.60 -26.49
Operating Cash Flow to Interest Expense		 62.85 83.10 209.94 662.74 71.93 93.40 172.27 266.13 59.44 67.46 107.68
Operating Cash Flow Less CapEx to Interest Expense		 48.10 70.48 166.06 568.84 46.87 30.95 140.44 226.15 -39.77 46.70 63.58
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.51 2.59 2.68 2.59 2.60 2.54 2.48 2.37 0.00 0.00 0.00
Accounts Receivable Turnover		 6.04 6.27 6.91 5.77 7.08 6.71 6.54 6.07 0.00 0.00 0.00
Inventory Turnover		 18.22 19.06 20.12 22.17 20.81 22.24 22.60 23.56 0.00 0.00 0.00
Fixed Asset Turnover		 40.86 41.88 30.09 29.19 29.44 28.05 22.33 21.24 0.00 0.00 0.00
Accounts Payable Turnover		 6.75 6.88 7.07 6.63 7.23 6.93 6.71 6.13 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 60.45 58.24 52.83 63.30 51.57 54.40 55.78 60.18 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 20.03 19.15 18.14 16.47 17.54 16.41 16.15 15.49 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 54.11 53.08 51.63 55.09 50.48 52.67 54.43 59.59 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 26.37 24.31 19.35 24.68 18.63 18.14 17.50 16.08 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 456 489 562 516 535 613 622 597 643 785 783
Invested Capital Turnover		 5.39 5.58 5.56 6.13 6.05 5.67 5.49 6.06 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 8.12 56 130 92 79 124 61 80 107 171 161
Enterprise Value (EV)		 1,567 2,414 2,815 3,893 3,897 3,211 5,722 7,608 7,405 9,217 14,191
Market Capitalization		 1,600 2,460 2,821 3,988 4,014 3,303 5,881 7,895 7,724 9,495 14,637
Book Value per Share		 $24.19 $26.45 $28.03 $30.59 $32.67 $35.28 $39.36 $44.52 $48.41 $53.83 $61.70
Tangible Book Value per Share		 $16.99 $19.40 $20.92 $23.59 $25.84 $28.41 $32.60 $36.99 $41.05 $44.41 $52.47
Total Capital		 544 595 606 652 692 747 842 888 965 1,112 1,235
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 20 0.00 0.00 35 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 20 0.00 0.00 0.00 0.00
Net Debt		 -87 -106 -45 -136 -157 -133 -200 -291 -323 -292 -452
Capital Expenditures (CapEx)		 5.86 5.13 17 13 13 17 17 20 46 32 44
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 218 256 269 213 229 288 291 220 235 233 205
Debt-free Net Working Capital (DFNWC)		 306 362 314 349 341 376 466 452 494 497 593
Net Working Capital (NWC)		 306 362 314 349 341 376 466 452 494 462 593
Net Nonoperating Expense (NNE)		 -0.74 1.15 0.72 -4.32 -2.26 -4.40 2.30 -18 -18 -27 -20
Net Nonoperating Obligations (NNO)		 -87 -106 -45 -136 -157 -133 -200 -291 -323 -292 -452
Total Depreciation and Amortization (D&A)		 7.69 7.89 11 11 11 12 12 12 13 16 17
Debt-free, Cash-free Net Working Capital to Revenue		 8.96% 9.96% 9.77% 7.40% 7.63% 9.21% 8.96% 6.53% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 12.54% 14.08% 11.40% 12.10% 11.37% 12.03% 14.35% 13.41% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 12.54% 14.08% 11.40% 12.10% 11.37% 12.03% 14.35% 13.41% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.89 $2.32 $2.71 $3.10 $2.76 $3.54 $3.86 $2.56 $4.58 $5.51 $7.67
Adjusted Weighted Average Basic Shares Outstanding		 20.20M 20.23M 20.22M 20.16M 19.99M 19.97M 19.86M 39.83M 19.89M 19.93M 19.92M
Adjusted Diluted Earnings per Share		 $1.87 $2.29 $2.67 $3.06 $2.72 $3.50 $3.81 $2.56 $4.51 $5.44 $7.57
Adjusted Weighted Average Diluted Shares Outstanding		 20.44M 20.48M 20.50M 20.41M 20.25M 20.21M 20.10M 40.37M 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 $2.56 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 20.22M 20.24M 19.98M 19.97M 20.01M 19.85M 19.85M 39.71M 19.93M 19.92M 19.92M
Normalized Net Operating Profit after Tax (NOPAT)		 43 57 67 62 56 68 82 84 74 83 134
Normalized NOPAT Margin		 6.75% 8.07% 8.76% 7.94% 7.43% 8.19% 9.19% 9.32% 8.51% 8.56% 10.77%
Pre Tax Income Margin		 9.30% 10.79% 11.61% 10.35% 10.36% 11.83% 12.22% 12.12% 13.31% 15.26% 16.48%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 149.58 188.62 226.85 574.55 150.93 371.99 204.65 229.54 213.65 73.70 178.38
NOPAT to Interest Expense		 107.94 142.73 170.53 436.80 106.99 256.35 152.78 169.19 158.35 54.42 132.91
EBIT Less CapEx to Interest Expense		 134.82 175.99 182.96 480.65 125.87 309.53 172.83 189.56 114.43 52.94 134.28
NOPAT Less CapEx to Interest Expense		 93.18 130.11 126.65 342.90 81.92 193.89 120.95 129.21 59.13 33.66 88.81
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 7.76% 8.42% 7.95% 6.95% 7.63% 5.05% 3.69% 2.76% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 9.04% 10.73% 34.67% 39.65% 44.46% 46.62% 26.27% 28.94% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

IES Holdings, Inc. (NASDAQ: IESC) has continued to post strong top-line and earnings growth through Q3 2026. Revenue reached $1.24 billion, up approximately 40% from $890.2 million in Q3 2025 and nearly double the $649.0 million reported in Q3 2023. Gross profit increased 42% year over year to $340.7 million, while the gross margin improved modestly to approximately 27.4% from 26.9%.

Profitability showed even stronger momentum. Operating income rose to $178.5 million from $111.9 million in the year-earlier quarter, lifting the operating margin to roughly 14.4%. Net income attributable to common shareholders nearly doubled to $153.0 million, compared with $77.2 million in Q3 2025. Basic earnings per share increased to $7.67 from $3.86, despite a relatively stable share count of about 19.9 million basic shares.

Cash generation remains positive, although working-capital investment and capital spending are absorbing a larger portion of operating cash flow. Operating cash flow was $108.4 million in Q3 2026, up from $92.0 million a year earlier. However, changes in operating assets and liabilities used $96.5 million of cash, compared with an $11.5 million use in Q3 2025. Capital expenditures also increased to $44.6 million from $17.1 million.

The balance sheet expanded substantially alongside the company’s growth. Total assets reached $2.28 billion at June 30, 2026, versus $1.47 billion a year earlier. Cash and short-term investments totaled approximately $388.4 million, providing a significant liquidity cushion, although the mix shifted toward short-term investments rather than cash. Accounts receivable increased to $722.5 million, which investors should monitor as revenue continues to scale.

  • Accelerating revenue growth: Q3 2026 revenue increased approximately 40% year over year and was nearly twice the level recorded in Q3 2023.
  • Improving operating leverage: Operating income grew about 60% year over year, with the operating margin rising from approximately 12.6% to 14.4%.
  • Strong earnings and EPS growth: Net income attributable to common shareholders increased approximately 98%, while basic EPS rose from $3.86 to $7.67.
  • Consistent cash generation: Operating cash flow remained above $100 million in Q2 and Q3 2026 and was higher than the comparable Q3 2025 period.
  • Greater liquidity and equity capital: Cash plus short-term investments reached approximately $388 million, while total common equity increased to $1.23 billion from $781.4 million at Q3 2025.
  • Debt reduction: The Q3 2026 balance sheet showed no short-term or long-term debt, compared with $20 million of long-term debt at Q3 2025.
  • Acquisition-led expansion: IES spent $143.1 million on acquisitions in Q2 2026 after spending $74.7 million in Q4 2025. This can support future growth, but the long-term return on those investments remains unproven.
  • Reliance on investment income: Interest and investment income contributed $26.2 million to Q3 2026 pretax results, making earnings partly dependent on the company’s investment portfolio and prevailing interest rates.
  • Working-capital pressure: Operating assets and liabilities consumed $96.5 million of cash in Q3 2026, driven in part by the company’s larger accounts receivable balance.
  • Higher capital intensity and concentration of receivables: Capital expenditures rose to $44.6 million, while accounts receivable reached $722.5 million, or roughly 58% of quarterly revenue. Delays in collections could pressure future cash flow.

Overall, the statements show a company with powerful growth in revenue, margins and earnings, supported by positive operating cash flow and a debt-free reported balance sheet. The main issues for investors are whether the rapid expansion can continue, whether acquisitions and increased capital spending generate attractive returns, and whether rising receivables and working-capital needs begin to constrain cash conversion.

09/19/26 11:33 PM 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 2025 ended on September 30, 2025.

IES's net income appears to be on an upward trend, with a most recent value of $311.84 million in 2025, rising from $16.54 million in 2015. The previous period was $232.50 million in 2024. See where experts think IES is headed by visiting IES's forecast page.

IES's total operating income in 2025 was $383.53 million, based on the following breakdown:
  • Total Gross Profit: $859.50 million
  • Total Operating Expenses: $475.97 million

Over the last 10 years, IES's total revenue changed from $573.86 million in 2015 to $3.37 billion in 2025, a change of 487.5%.

IES's total liabilities were at $707.70 million at the end of 2025, a 19.6% increase 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 2025, 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 4.71 in 2015 to 44.52 in 2025, a change of 844.5%.


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Financial statements for NASDAQ:IESC last updated on 9/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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