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Nasdaq · Industrials

IES Holdings, Inc. (IESC)

As-reported financials and SEC filings for IES Holdings, Inc. The latest annual period is FY2024. The latest reported quarter is Q3 FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About IES Holdings, Inc.

IES Holdings, Inc. designs and installs integrated electrical and technology systems and provides infrastructure products and services across four segments: Communications, Residential, Infrastructure Solutions, and Commercial & Industrial. The company serves various markets including data centers, residential housing, and commercial and industrial facilities. Its services range from network infrastructure solutions and electrical installations to electro-mechanical products and maintenance services, primarily in the United States.

Snapshot

Revenue
$3.37B
Revenue growth (YoY)
16.9%
Net income
$306.0M
Diluted EPS
$15.02
Gross margin
25.5%
Operating margin
11.4%
Net margin
9.1%
FCF margin
6.5%
ROE
34.5%
net income / fiscal-year-end equity
P/E
29.5×
trailing when available, otherwise FY EPS
Market cap
$13.21B
Long-term debt / equity
0.00×
non-current term debt only

Fundamentals are from SEC filings for FY2024, the latest annual period (ended September 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at IES Holdings

  • Revenue grew 16.9% to $3.4B in FY2024, slower than the 21.3% the year before.
  • Operating margin is 11.4% in FY2024, +5.8 pp against 5.6% in FY2020.
  • Most recent quarter Q3 FY2025: revenue $1.2B, up 39.6% from Q3 FY2024.
  • Free cash flow was $219M in FY2024, 6.5% of revenue.
  • Net income rose 39.6% to $306M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where IES Holdings’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin25.5%
45th percentile of 466
Operating margin11.4%
70th percentile of 605
Net margin9.1%
73rd percentile of 645
FCF margin6.5%
58th percentile of 562
Revenue growth (YoY)+16.9%
79th percentile of 668
ROE34.5%
94th percentile of 600
P/E29.5×
61st percentile of 434
Long-term debt / equity0.00×
1st percentile of 409
Short interest4.16d
65th percentile of 676

IES Holdings’s long-term debt to equity of 0.00 ranks in the 1st percentile of the 409 Industrials companies reporting it. IES Holdings’s return on equity of 34.5% ranks in the 94th percentile of the 600 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 10 insider sales totaling $39.2M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$129.8M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$78.4M106.8KAdded
AQR Capital ManagementquantQ2 2026$17.6M23.9KAdded
Millennium ManagementquantQ2 2026$10.8M14.7KAdded
Bridgewater AssociatesQ2 2026$7.4M10.1KReduced
Polen Capital ManagementQ2 2026$5.3M7.3KReduced
D. E. ShawquantQ2 2026$4.1M5.6KAdded
Citadel AdvisorsquantQ2 2026$3.7M5.1KNew
Two Sigma InvestmentsquantQ2 2026$1.9M2.6KReduced
Gotham Asset ManagementQ2 2026$463,570631Reduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
10
$39.2M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-12
filed 2026-06-16
GENDELL JEFFREY L ET ALExecutive ChairmanSell20.0K$750.24$15.0M
2026-06-12
filed 2026-06-16
GENDELL JEFFREY L ET ALExecutive ChairmanSell10.0K$760.47$7.6M
2026-06-12
filed 2026-06-16
GENDELL JEFFREY L ET ALExecutive ChairmanSell7.5K$758.74$5.7M
2026-06-12
filed 2026-06-16
GENDELL JEFFREY L ET ALExecutive ChairmanSell6.7K$764.54$5.1M
2026-06-12
filed 2026-06-16
GENDELL JEFFREY L ET ALExecutive ChairmanSell2.5K$761.73$1.9M
2026-06-12
filed 2026-06-16
Cleveland Todd MDirectorSell1.5K$763.35$1.1M
2026-06-12
filed 2026-06-16
Cleveland Todd MDirectorSell1.2K$762.01$914K
2026-06-12
filed 2026-06-16
Cleveland Todd MDirectorSell1.2K$761.31$914K
2026-06-12
filed 2026-06-16
Cleveland Todd MDirectorSell1.1K$760.41$836K
2026-06-12
filed 2026-06-16
GENDELL JEFFREY L ET ALExecutive ChairmanSell4$752.18$3K
2026-05-27
filed 2026-05-28
GENDELL JEFFREY L ET ALExecutive ChairmanSell8.3K$705.38$5.8M
2026-05-27
filed 2026-05-28
GENDELL JEFFREY L ET ALExecutive ChairmanSell7.0K$708.10$5.0M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
676.1K
settled 2026-08-14
Change vs prior
-2.1%
vs previous settlement
Days to cover
4.16
at avg daily volume
Avg daily volume
162.7K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-14676.1K-2.1%4.16
2026-07-31690.6K+16.3%2.90
2026-07-15594.0K+20.5%2.67
2026-06-30493.0K-15.8%1.05
2026-06-15585.8K-14.6%3.24
2026-05-29685.8K-11.6%3.22
2026-05-15775.9K-2.6%3.43
2026-04-30796.4K+7.8%3.44

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2024FY2023FY2022FY2021FY2020
Revenue$3.37B$2.88B$2.38B$2.17B$1.54B
Gross profit$859.5M$696.6M$444.5M$318.9M$288.0M
Operating income$383.5M$300.9M$159.8M$56.0M$85.6M
Net income$306.0M$219.1M$108.3M$34.8M$66.7M
Diluted EPS$15.02$9.89$4.54$1.44$3.15

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2024FY2023FY2022FY2021FY2020
Cash and equivalents$127.2M$100.8M$75.8M$24.8M$23.1M
Current assets$1.09B$871.7M$671.3M$624.4M$484.2M
Total assets$1.60B$1.24B$981.6M$934.7M$766.6M
Current liabilities$633.4M$522.6M$400.6M$401.9M$311.6M
Long-term debt$0$0$0$81.6M$39.7M
Total liabilities$707.7M$591.9M$481.7M$544.2M$396.1M
Total equity$888.0M$652.1M$499.9M$390.5M$370.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2024FY2023FY2022FY2021FY2020
Operating cash flow$286.1M$234.4M$153.9M$16.3M$37.9M
Capital expenditure$67.3M$45.2M$17.7M$29.3M$7.4M
Free cash flow$218.8M$189.2M$136.2M$-13.0M$30.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2025$1.24B39.6%$153.5M$7.57
Q2 FY2025$974.3M16.8%$110.3M$5.44
Q1 FY2025$871.0M16.2%$91.8M$4.51
Q4 FY2024$897.8M15.7%$4.99
Q3 FY2024$890.2M15.8%$79.3M$3.81
Q2 FY2024$834.0M18.2%$72.6M$3.50
Q1 FY2024$749.5M18.1%$57.7M$2.72
Q4 FY2023$775.8M19.5%$3.05

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryElectrical Work
Latest annual periodFY2024 (ended September 30, 2025)
Latest reported quarterQ3 FY2025 (ended June 30, 2026)
Oldest indexed filing2011
SEC CIK1048268

Selected SEC filings

10-Q2026-07-31
View on EDGAR →
10-Q2026-05-01
View on EDGAR →
10-Q2026-01-30
View on EDGAR →
8-K2026-08-11
View on EDGAR →
8-K2026-07-31
View on EDGAR →
8-K2026-05-01
View on EDGAR →
8-K2026-02-20
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.