IESCNasdaqElectrical WorkFiscal year ends September 30
IES Holdings, Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$250.82−1.14 (-0.45%)
Close on Oct 19, 2026
- Market cap
- $5.07B
- P/E (TTM)
- 16.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
25.5%+6.4 pts over 5 years
Operating margin
11.4%+7.2 pts over 5 years
Net margin
9.1%+5.6 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 | +16.9% | +15.9% | +23.1% | +19.4% | |
| Gross profit | +23.4% | +39.2% | +30.4% | +24.0% | |
| Operating income | +27.5% | +89.9% | +50.3% | +35.4% | |
| Net income | +39.6% | +106.5% | +49.0% | +33.9% | |
| EPS, diluted | +51.9% | +118.5% | +50.6% | +34.6% | |
| Free cash flow | +15.6% | – | +24.9% | +38.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 74.4% | 15.7% | 40.9% | |
| Return on assets | 39.0% | 8.3% | 21.5% | |
| Current ratio | 1.58 | 1.53 | 1.71 | |
| Debt to equity | 0.13 | 0.00 | 0.00 | |
| Net debt to EBITDA | -0.13× | -0.85× | -0.30× | |
| Interest coverage | 19.5× | 64.5× | 211.4× | |
| Inventory turnover | 41.8× | 41.5× | 23.6× | |
| Capex to revenue | 0.5% | 0.4% | 2.0% | |
| Diluted shares | 21M | 21M | 20M |
Where the cash went
Fiscal 2021 to 2025, five years combined
IES generated $728.59M from operations and spent $286.25M on capital expenditure, dividends and share buybacks. 58% of that went back into the business.
Generated
$728.59M
Used
$286.25M
Capital expenditure$166.74M58%Dividends$00%Share buybacks$119.52M42%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.1%
×Asset turnover2.37×
×Equity multiplier1.90×
=Return on equity, FY202540.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.1% | 2.37× | 1.90× | 40.9% |
| FY2024 | 7.6% | 2.59× | 2.10× | 41.3% |
| FY2023 | 4.6% | 2.48× | 2.36× | 26.7% |
| FY2022 | 1.6% | 2.55× | 2.41× | 9.8% |
| FY2021 | 4.3% | 2.32× | 2.11× | 21.2% |
| FY2020 | 3.5% | 2.37× | 1.90× | 15.7% |
| FY2019 | 3.1% | 2.48× | 1.86× | 14.2% |
| FY2018 | -1.6% | 2.07× | 1.85× | -6.2% |
| FY2017 | 1.7% | 1.98× | 1.78× | 5.8% |
| FY2016 | 17.4% | 2.25× | 1.91× | 74.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$305.98M
- Cash generatingOperating cash flow above zero$286.10M
- Return on assets improvedROA up on the prior year22.3% → 24.6%
- Earnings backed by cashOperating cash flow above net income$286.10M vs $305.98M
- Less leverageLong-term debt to assets fell0.0% → 0.0%
- Better liquidityCurrent ratio rose1.67 → 1.71
- No dilutionShare count did not rise20M → 20M
- Gross margin improvedGross margin up on the prior year24.15% → 25.49%
- More efficientAsset turnover rose2.94 → 2.71