IANasdaqServices-Computer Programming ServicesFiscal year ends September 30
INNOVATIVE SOLUTIONS & SUPPORT INC
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$19.90+0.55 (+2.84%)
Close on Oct 19, 2026
- Market cap
- $363.58M
- P/E (TTM)
- 19.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
48.1%−6.6 pts over 5 years
Operating margin
23.8%+11.1 pts over 5 years
Net margin
18.5%+3.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +78.6% | +44.8% | +31.3% | +15.4% | |
| Gross profit | +56.3% | +34.4% | +28.0% | +19.3% | |
| Operating income | +107.8% | +40.6% | +48.9% | – | |
| Net income | +123.3% | +41.4% | +36.7% | – | |
| EPS, diluted | +120.0% | +40.1% | +35.9% | – | |
| Free cash flow | +32.2% | +4.6% | +9.8% | +18.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 10.2% | 28.1% | |
| Return on assets | – | 8.2% | 16.8% | |
| Current ratio | 8.22 | 2.43 | 3.04 | |
| Debt to equity | – | – | 0.37 | |
| Net debt to EBITDA | – | – | 0.90× | |
| Interest coverage | – | – | 11.6× | |
| Inventory turnover | 2.8× | 2.2× | 2.3× | |
| Capex to revenue | 1.3% | 1.6% | 7.7% | |
| Diluted shares | 17M | 17M | 18M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Innovative Solutions & Support generated $31.88M from operations and spent $27.76M on capital expenditure, dividends and share buybacks. 29% of that went back into the business.
Generated
$31.88M
Used
$27.76M
Capital expenditure$7.97M29%Dividends$19.79M71%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.5%
×Asset turnover0.91×
×Equity multiplier1.67×
=Return on equity, FY202528.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.5% | 0.91× | 1.67× | 28.1% |
| FY2024 | 14.8% | 0.65× | 1.70× | 16.4% |
| FY2023 | 17.3% | 0.71× | 1.41× | 17.4% |
| FY2022 | 19.9% | 0.90× | 1.12× | 20.0% |
| FY2021 | 22.0% | 0.67× | 1.31× | 19.3% |
| FY2020 | 15.1% | 0.54× | 1.25× | 10.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$15.63M
- Cash generatingOperating cash flow above zero$13.30M
- Return on assets improvedROA up on the prior year11.1% → 19.0%
- Earnings backed by cashOperating cash flow above net income$13.30M vs $15.63M
- Less leverageLong-term debt to assets fell34.0% → 21.0%
- Better liquidityCurrent ratio rose4.77 → 3.04
- No dilutionShare count did not rise17M → 18M
- Gross margin improvedGross margin up on the prior year54.90% → 48.06%
- More efficientAsset turnover rose0.75 → 1.02