IES Holdings, Inc. (IESC)
NASDAQ:IESC
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IES Holdings
(NASDAQ:IESC)
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Rating:84Outperform
Price Target:
$767.00
▲(82.29% Upside)
Action:ReiteratedDate:05/03/26
IESC scores strongly on fundamentals (high profitability, low leverage, solid free cash flow) and is in a pronounced technical uptrend, which are the primary drivers. The score is tempered by a moderate valuation (P/E ~21), overbought technical readings, and some cash-flow conversion and Residential-demand risks despite positive backlog-related corporate updates.
Positive Factors
Improving margins and profitability
IES has delivered a multi-year step-up in profitability and sustained margin expansion versus earlier years. Higher gross and operating margins reflect better project execution and pricing power in commercial and infrastructure work, supporting durable cash earnings even if top-line growth moderates.
Negative Factors
Operating cash flow converts below net income
OCF trailing net income at ~0.52 indicates working-capital and timing variability versus accounting profit. This can introduce cash-flow volatility in project-driven businesses, potentially stressing liquidity or capital plans during slower quarters despite solid headline FCF.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving margins and profitability
IES has delivered a multi-year step-up in profitability and sustained margin expansion versus earlier years. Higher gross and operating margins reflect better project execution and pricing power in commercial and infrastructure work, supporting durable cash earnings even if top-line growth moderates.
Read all positive factors
IES Holdings (IESC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$13.07B
Dividend YieldN/A
Average Volume (3M)186.13K
Price to Earnings (P/E)21.2
Beta (1Y)1.90
Revenue Growth16.16%
EPS Growth62.83%
CountryUS
Employees9,423
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)4.16
Shares Outstanding19,928,000
10 Day Avg. Volume203,347
30 Day Avg. Volume186,126
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 Cap0.88
Enterprise Value/Revenue3.15
Enterprise Value/Gross Profit12.29
Enterprise Value/Ebitda23.49
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.56
Revenue Forecast (FY)$4.04B
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
91
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.63B | 3.37B | 2.88B | 2.38B | 2.17B | 1.54B |
| Gross Profit | 931.31M | 859.50M | 696.59M | 444.54M | 318.90M | 288.00M |
| EBITDA | 487.14M | 442.17M | 343.11M | 190.98M | 81.24M | 107.78M |
| Net Income | 380.46M | 305.98M | 219.12M | 108.29M | 34.76M | 66.66M |
Balance Sheet | ||||||
| Total Assets | 1.99B | 1.60B | 1.24B | 981.60M | 934.71M | 766.62M |
| Cash, Cash Equivalents and Short-Term Investments | 263.60M | 231.76M | 135.84M | 75.77M | 24.85M | 23.11M |
| Total Debt | 107.40M | 157.66M | 62.43M | 61.59M | 137.09M | 82.37M |
| Total Liabilities | 916.80M | 707.70M | 591.92M | 481.66M | 544.23M | 396.07M |
| Stockholders Equity | 1.07B | 883.96M | 611.11M | 449.99M | 361.29M | 345.95M |
Cash Flow | ||||||
| Free Cash Flow | 318.36M | 218.84M | 189.25M | 136.24M | -13.00M | 30.50M |
| Operating Cash Flow | 433.89M | 286.10M | 234.40M | 153.90M | 16.30M | 37.90M |
| Investing Cash Flow | -287.68M | -163.69M | -108.85M | 2.77M | -29.50M | -99.60M |
| Financing Cash Flow | -40.16M | -96.07M | -100.50M | -105.75M | 15.00M | 31.20M |
IES Holdings Technical Analysis
Positive
420.75
Price Trends
484.32
Positive
454.69
Positive
407.99
Positive
Market Momentum
16.21
Negative
58.49
Neutral
63.06
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 496.47, below the 50-day MA of 484.32, and above the 200-day MA of 407.99, indicating a bullish trend. The MACD of 16.21 indicates Negative momentum. The RSI at 58.49 is Neutral, neither overbought nor oversold. The STOCH value of 63.06 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 |
|---|---|---|---|---|---|---|---|
84 Outperform | $13.07B | 21.15 | 40.95% | ― | 16.16% | 62.83% | |
74 Outperform | $9.78B | 24.39 | 17.49% | 0.25% | 18.98% | 51.14% | |
72 Outperform | $16.34B | 32.23 | 30.17% | ― | 17.69% | 13.56% | |
69 Neutral | $4.75B | 12.59 | 28.27% | 1.65% | 1.05% | 20.32% | |
66 Neutral | $13.02B | 37.65 | 18.81% | ― | 17.95% | 21.09% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | $7.61B | -131.50 | -1.14% | ― | -4.97% | -109.20% |
* Industrials Sector Average
IESC
IES Holdings
655.64
414.99
172.45%
DY
Dycom
433.60
250.64
136.99%
FLR
Fluor
53.00
18.58
53.98%
KBR
KBR
37.45
-13.37
-26.30%
PRIM
Primoris Services
180.35
113.47
169.66%
STRL
Sterling Infrastructure
532.67
366.01
219.61%
IES Holdings Corporate Events
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
IES Holdings posts strong Q2 results, backlog surges
Positive
May 1, 2026
IES Holdings reported strong results for its fiscal second quarter ended March 31, 2026, with revenue up 17% year over year to $974 million and operating income up 21% to $112.3 million. Net income jumped 56% to $109.9 million, while remaining per...
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...
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.