IES Holdings, Inc. (IESC)
NASDAQ:IESC
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IES Holdings
(NASDAQ:IESC)
Select Model
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Rating:74Outperform
Price Target:
$555.00
▲(31.91% Upside)
Action:ReiteratedDate:03/06/26
The score is driven primarily by strong financial performance (material margin expansion, low leverage, and very high ROE). Offsetting that are mixed technicals with near-term weakness versus short moving averages and only neutral momentum signals, plus a moderate P/E valuation without a disclosed dividend yield. Corporate events are a secondary positive, highlighted by the Gulf Island acquisition and supportive shareholder vote outcomes.
Positive Factors
Strong profitability & margins
Sustained margin expansion and high trailing EBIT/net margins indicate durable operational leverage and pricing power across projects. This supports sustained cash generation and high returns on capital, helping the business fund growth and withstand cyclical revenue periods.
Negative Factors
Slowing revenue growth
Top-line momentum has decelerated materially from prior years, signaling potential saturation in certain end markets or difficulty converting backlog into accelerated revenue. Prolonged slow revenue growth would pressure margin expansion and the ability to scale operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability & margins
Sustained margin expansion and high trailing EBIT/net margins indicate durable operational leverage and pricing power across projects. This supports sustained cash generation and high returns on capital, helping the business fund growth and withstand cyclical revenue periods.
Read all positive factors
IES Holdings (IESC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.44B
Dividend YieldN/A
Average Volume (3M)201.89K
Price to Earnings (P/E)21.2
Beta (1Y)2.04
Revenue Growth16.89%
EPS Growth54.13%
CountryUS
Employees9,423
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)3.71
Shares Outstanding19,928,000
10 Day Avg. Volume164,909
30 Day Avg. Volume201,888
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)8.96
Price to Sales (P/S)2.35
P/FCF Ratio36.19
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue2.72
Enterprise Value/Gross Profit10.52
Enterprise Value/Ebitda21.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)18.03
Revenue Forecast (FY)$3.94B
IES Holdings Business Overview & Revenue Model
Company Description
IES Holdings, Inc. designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction...
How the Company Makes Money
IES Holdings primarily makes money by providing contracted installation and maintenance services for electrical and low-voltage/technology systems across residential, commercial, and industrial end markets. Revenue is generated mainly from (1) pro...
IES Holdings Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.49B | 3.37B | 2.88B | 2.38B | 2.17B | 1.54B |
| Gross Profit | 901.48M | 859.50M | 696.59M | 444.54M | 318.90M | 288.00M |
| EBITDA | 451.44M | 442.17M | 343.11M | 190.98M | 81.24M | 107.78M |
| Net Income | 341.11M | 305.98M | 219.12M | 108.29M | 34.76M | 66.66M |
Balance Sheet | ||||||
| Total Assets | 1.66B | 1.60B | 1.24B | 981.60M | 934.71M | 766.62M |
| Cash, Cash Equivalents and Short-Term Investments | 258.74M | 231.76M | 135.84M | 75.77M | 24.85M | 23.11M |
| Total Debt | 131.59M | 157.66M | 62.43M | 61.59M | 137.09M | 82.37M |
| Total Liabilities | 693.17M | 707.70M | 591.92M | 481.66M | 544.23M | 396.07M |
| Stockholders Equity | 961.08M | 883.96M | 611.11M | 449.99M | 361.29M | 345.95M |
Cash Flow | ||||||
| Free Cash Flow | 224.16M | 218.84M | 189.25M | 136.24M | -13.00M | 30.50M |
| Operating Cash Flow | 324.81M | 286.10M | 234.40M | 153.90M | 16.30M | 37.90M |
| Investing Cash Flow | -151.50M | -163.69M | -108.85M | 2.77M | -29.50M | -99.60M |
| Financing Cash Flow | -95.28M | -96.07M | -100.50M | -105.75M | 15.00M | 31.20M |
IES Holdings Technical Analysis
Positive
420.75
Price Trends
467.72
Positive
437.31
Positive
392.15
Positive
Market Momentum
1.94
Negative
51.95
Neutral
65.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IESC, the sentiment is Positive. The current price of 420.75 is below the 20-day moving average (MA) of 460.05, below the 50-day MA of 467.72, and above the 200-day MA of 392.15, indicating a bullish trend. The MACD of 1.94 indicates Negative momentum. The RSI at 51.95 is Neutral, neither overbought nor oversold. The STOCH value of 65.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IESC.
IES Holdings Risk Analysis
IES Holdings disclosed 39 risk factors in its most recent earnings report. IES Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
IES Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $12.88B | 32.23 | 30.17% | ― | 6.20% | 72.81% | |
74 Outperform | $9.44B | 21.15 | 40.95% | ― | 16.89% | 54.13% | |
74 Outperform | $7.76B | 24.39 | 17.49% | 0.25% | 21.45% | 67.31% | |
69 Neutral | $4.68B | 12.59 | 28.27% | 1.65% | 9.66% | 29.01% | |
66 Neutral | $10.25B | 37.65 | 18.81% | ― | 13.19% | 33.58% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | $6.70B | -131.50 | -1.14% | ― | -1.81% | 1228.51% |
* Industrials Sector Average
IESC
IES Holdings
473.86
308.75
187.00%
DY
Dycom
341.96
189.62
124.47%
FLR
Fluor
45.74
9.92
27.69%
KBR
KBR
37.00
-12.08
-24.62%
PRIM
Primoris Services
143.50
86.18
150.36%
STRL
Sterling Infrastructure
420.24
307.03
271.20%
IES Holdings Corporate Events
Executive/Board ChangesShareholder Meetings
IES Holdings Shareholders Back Board, Auditor and Pay
Positive
Feb 20, 2026
IES Holdings reported the results of its 2026 Annual Stockholders Meeting held on February 19, 2026, where shareholders elected all nominated directors to serve until the 2027 meeting, with each nominee receiving strong support despite some withhe...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
IES Holdings Delivers Strong Q1 and Acquires Gulf Island
Positive
Jan 30, 2026
On January 30, 2026, IES Holdings reported a robust start to fiscal 2026, with first-quarter revenue for the period ended December 31, 2025 rising 16% year on year to $871 million, operating income up 31% to $97.7 million, and net income attributa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.