IES Holdings, Inc. IESC
IES Holdings, Inc. designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing and commercial and industrial facilities. Our operations are organized into four business segments, based upon the nature of our services:
•Communications – Nationwide provider of technology infrastructure services, including the design, build, and maintenance of the communications infrastructure within data centers for co-location and managed hosting customers, for both large corporations and independent businesses.
•Residential – Regional provider of electrical installation services for single-family housing and multi-family apartment complexes, as well as heating, ventilation and air conditioning (HVAC) and plumbing installation services in certain markets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.37B | $2.88B | $2.38B | $2.17B | $1.54B | $1.19B | $1.08B | $876.8M | $810.7M | $696.0M |
| Cost of revenue | $2.51B | $2.19B | $1.93B | $1.85B | $1.25B | $962.9M | $894.9M | $726.9M | $670.2M | $569.0M |
| Gross profit | $859.5M | $696.6M | $444.5M | $318.9M | $288.0M | $228.0M | $182.1M | $150.0M | $140.5M | $127.0M |
| SG&A | $475.0M | $396.7M | $298.6M | $262.7M | $202.3M | $170.9M | $140.6M | $123.9M | $120.4M | $100.6M |
| Operating income | $383.5M | $300.9M | $159.8M | $56.0M | $85.6M | $50.1M | $41.9M | $26.0M | $20.3M | $25.0M |
| Interest expense | $1.8M | $1.3M | $3.0M | $3.0M | $962.0K | — | — | $1.9M | $1.7M | $1.3M |
| Pre-tax income | $393.9M | $304.7M | $158.5M | $53.0M | $84.9M | $49.3M | $40.1M | $24.3M | $18.8M | $23.8M |
| Income tax | $96.8M | $72.2M | $38.8M | $12.8M | $16.2M | $8.7M | $6.7M | $38.2M | $5.2M | $97.1M |
| Net income | $306.0M | $219.1M | $108.3M | $34.8M | $66.7M | $41.6M | $33.2M | -$14.2M | $13.4M | $120.8M |
| EPS, basic | 15.22 | 10.02 | 4.58 | 1.45 | 3.19 | 1.96 | 1.56 | -0.67 | 0.62 | 5.63 |
| EPS, diluted | 15.02 | 9.89 | 4.54 | 1.44 | 3.15 | 1.94 | 1.55 | -0.67 | 0.62 | 5.62 |
| Shares, diluted (wtd. avg.) | $20.2M | $20.4M | $20.4M | $20.9M | $21.1M | $21.1M | $21.3M | $21.2M | $21.5M | $21.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $127.2M | $100.8M | $75.8M | $24.8M | $23.1M | $53.6M | $18.9M | $26.2M | $28.3M | $33.2M |
| Short-term investments | $104.6M | $35.0M | $0 | — | — | — | — | — | — | — |
| Receivables | $552.2M | $469.8M | $363.8M | $370.7M | $286.7M | $213.0M | $186.3M | $151.6M | $142.9M | $124.4M |
| Inventory | $111.5M | $101.7M | $95.7M | $96.3M | $68.6M | $24.9M | $21.5M | $21.0M | $16.9M | $13.2M |
| Total current assets | $1.09B | $871.7M | $671.3M | $624.4M | $484.2M | $371.4M | $296.5M | $262.7M | $231.8M | $209.7M |
| Property, plant and equipment | $183.2M | $134.2M | $63.4M | $54.4M | $35.5M | $24.6M | $25.7M | $25.4M | $24.6M | $15.7M |
| Goodwill | $107.8M | $94.0M | $92.4M | $92.4M | $92.4M | $53.8M | $50.6M | $50.7M | $46.7M | $39.9M |
| Other intangibles | $41.6M | $45.9M | $56.2M | $71.9M | $85.6M | $39.4M | $26.6M | $30.6M | $31.4M | $31.7M |
| Total assets | $1.60B | $1.24B | $981.6M | $934.7M | $766.6M | $560.5M | $445.3M | $422.0M | $424.5M | $394.3M |
| Accounts payable | $456.6M | $363.6M | $296.8M | $316.9M | $249.1M | $186.7M | $152.9M | $130.6M | $120.7M | $108.8M |
| Short-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Total current liabilities | $633.4M | $522.6M | $400.6M | $401.9M | $311.6M | $242.4M | $193.5M | $164.4M | $150.6M | $133.1M |
| Long-term debt | $0 | $0 | $0 | $81.6M | $39.7M | $217.0K | $299.0K | $29.6M | $29.4M | $29.3M |
| Total liabilities | $707.7M | $591.9M | $481.7M | $544.2M | $396.1M | $275.4M | $195.7M | $198.4M | $184.5M | $169.1M |
| Retained earnings | $800.8M | $497.8M | $295.8M | $203.2M | $173.1M | $107.0M | $65.6M | $32.3M | $46.4M | $32.7M |
| Total equity | $884.0M | $611.1M | $450.0M | $361.3M | $346.0M | $283.3M | $246.2M | $220.4M | $236.7M | $223.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $286.1M | $234.4M | $153.9M | $16.3M | $37.9M | $76.7M | $38.7M | $12.2M | $22.3M | $25.0M |
| Depreciation and amortisation | $46.9M | $37.1M | $29.4M | $25.5M | $21.9M | $12.5M | $9.6M | $8.9M | $9.6M | $5.7M |
| Stock-based compensation | $12.9M | $5.5M | $4.4M | $3.8M | $3.5M | $3.3M | $2.4M | -$136.0K | $1.7M | — |
| Capital expenditure | $67.3M | $45.2M | $17.7M | $29.3M | $7.4M | $4.7M | $6.3M | $4.6M | $4.6M | $3.4M |
| Investing cash flow | -$163.7M | -$108.8M | $2.8M | -$29.5M | -$99.6M | -$33.6M | -$5.7M | -$11.9M | -$24.5M | -$60.7M |
| Financing cash flow | -$96.1M | -$100.5M | -$105.8M | $15.0M | $31.2M | -$8.5M | -$40.3M | -$2.4M | -$2.7M | $19.6M |
| Buybacks | $41.6M | $44.0M | $8.3M | $18.6M | $7.0M | $7.7M | $9.8M | $2.1M | $2.4M | $590.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001048268-25-000174.
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| ENGS | Energys Group Ltd | — | — | — |
| MAGH | Magnitude International Ltd | — | — | — |