IES Holdings, Inc. (IESC) Financial Statements
Industry: Electrical Work
In fiscal 2025, IES reported revenue of $3.37B, up 16.9% from $2.88B the year before. Net income was $306.0M (a 9.1% net margin), or $7.51 per diluted share. Gross margin was 25.5% and operating margin was 11.4%. Operating activities generated $286.1M of cash, leaving $218.8M of free cash flow. At fiscal year end, IES held $1.60B in total assets against $707.7M in total liabilities, including $127.2M of cash and equivalents.
Open the full interactive IES financials → Quarterly statements, key ratios, valuation history and price charts.
IES Key Stats
| Share Price | $280.04 |
|---|---|
| Market Cap | $11.31B |
| P/E Ratio | 37.3 |
| Revenue YoY Growth | +16.9% |
| 52-Week Range | $178.97 – $396.98 |
| Shares Outstanding | 39.8 million (basic, 2026 Q3) |
IES Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.54B | $2.17B | $2.38B | $2.88B | $3.37B |
| Cost of Goods Sold | $962.9M | $1.25B | $1.85B | $1.93B | $2.19B | $2.51B |
| Gross Profit | $228.0M | $288.0M | $318.9M | $444.5M | $696.6M | $859.5M |
| Operating Income | $50.1M | $85.6M | $56.0M | $159.8M | $300.9M | $383.5M |
| Pre-Tax Income | $49.3M | $84.9M | $53.0M | $158.5M | $304.7M | $393.9M |
| Income Tax | $8.7M | $16.2M | $12.8M | $38.8M | $72.2M | $96.8M |
| Net Income | $41.6M | $66.7M | $34.8M | $108.3M | $219.1M | $306.0M |
| Diluted EPS | $0.97 | $1.57 | $0.72 | $2.27 | $4.95 | $7.51 |
IES Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $897.8M | $871.0M | $974.3M | $1.24B |
| Net Income | $96.4M | $91.4M | $109.9M | $153.0M |
| Diluted EPS | $4.78 | $2.25 | $2.72 | $3.79 |
IES Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | — | — | — | $100.8M | $127.2M |
| Current Assets | $371.4M | $484.2M | $624.4M | $671.3M | $871.7M | $1.09B |
| Total Assets | $560.5M | $766.6M | $934.7M | $981.6M | $1.24B | $1.60B |
| Current Liabilities | $242.4M | $311.6M | $401.9M | $400.6M | $522.6M | $633.4M |
| Total Long-Term Debt | $217,000 | $39.7M | $81.6M | — | — | — |
| Total Liabilities | $275.4M | $396.1M | $544.2M | $481.7M | $591.9M | $707.7M |
| Shareholders' Equity | $283.3M | $346.0M | $361.3M | $450.0M | $611.1M | $884.0M |
IES Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $76.7M | $37.9M | $16.3M | $153.9M | $234.4M | $286.1M |
| Cash From Investing | -$33.6M | -$99.6M | -$29.5M | $2.8M | -$108.8M | -$163.7M |
| Cash From Financing | -$8.5M | $31.2M | $15.0M | -$105.8M | -$100.5M | -$96.1M |
| Free Cash Flow | $72.0M | $30.5M | -$13.0M | $136.2M | $189.2M | $218.8M |
Figures from IES's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full IES financials page for every line item.
IES Company Profile
| Ticker | IESC |
|---|---|
| Exchange | Nasdaq |
| Industry | Electrical Work |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | September 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001048268 |
Frequently Asked Questions
What was IES's revenue in fiscal 2025?
IES (IESC) reported revenue of $3.37B for fiscal 2025.
What is IES's annual revenue history?
IES's annual revenue by fiscal year: 2020: $1.19B; 2021: $1.54B; 2022: $2.17B; 2023: $2.38B; 2024: $2.88B; 2025: $3.37B.
What was IES's net income in fiscal 2025?
IES reported net income of $306.0M for fiscal 2025.
What was IES's earnings per share (EPS) in fiscal 2025?
IES's diluted EPS was $7.51 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did IES generate in fiscal 2025?
IES generated $218.8M of free cash flow in fiscal 2025.
What was IES's revenue last quarter?
In its most recent reported quarter (2026 Q3), IES reported revenue of $1.24B.
How many shares of IES are outstanding?
IES reported a weighted average of 39.8 million basic shares outstanding in 2026 Q3.
What is IES's market cap?
Based on its latest closing price, IES (IESC) has a market capitalization of about $11.31B.
When does IES's fiscal year end?
IES's fiscal year end, as registered with the SEC, is September 30.
Where is IES headquartered?
IES lists its business address in Houston, Texas in its SEC filings.