IESC
IES Holdings, Inc.
Next earnings Jul 30, 2026 · consensus $4.93 EPS, $1.10B rev
Last earnings +1.8% on 2026-05-01
$714.90
▼ -6.74%$714.90▲ +161.74%
over 1Y
L $273.13EODHDH $766.54
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-6.7%
1W-5.3%
1M+3.0%
3M+50.9%
YTD+75.7%
1Y+161.7%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 6 analysts
Sell
Debt-free electrical contractor riding the data-center boom with 35% ROE, but 47x earnings prices in a lot for a cyclical, thin-margin business.
The read
Middling fundamentals and a rich price (~20% above fair value) leave little margin of safety — a wait-and-see.
IES Holdings designs and installs integrated electrical and technology systems across four segments (Communications, Residential, Infrastructure Solutions, Commercial & Industrial), and is a direct beneficiary of the data-center build-out. FY2025 was outstanding: revenue grew 16.9% to $3.37B, gross profit rose 23.4%, operating income jumped 27.5% to $384M, net income climbed 39.6% to $306M, and diluted EPS surged 51.9% to $15.02 on a flat share count. The multi-year ramp is dramatic — net income went from $66.7M (FY2021) to $306M (FY2025) — and management notes backlog across segments remains at record levels heading into FY2026, with data-center demand particularly strong across the Communications, Infrastructure Solutions and Commercial & Industrial segments.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.54B | $2.17B | $2.38B | $2.88B | $3.37B |
| Gross profit | $288M | $319M | $445M | $697M | $859M |
| Operating income | $85.6M | $56.0M | $160M | $301M | $384M |
| Net income | $66.7M | $34.8M | $108M | $219M | $306M |
| Diluted EPS | $3.15 | $1.44 | $4.54 | $9.89 | $15.02 |
| Net margin | 4.3% | 1.6% | 4.6% | 7.6% | 9.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$14.1B
EV / EBITDA32.7
EV / Sales4.2
EV / FCF64.3
P / FCF64.9
PEG (trailing)1.20
Earnings yield2.2%
FCF yield1.5%
Quality & risk
ROIC (est.)34.3%
Free cash flow$219M
Total debt$0.00
Net cash$127M
Altman Z-Score15.98 safe
Piotroski F-Score7/9
Capital returns
Buyback yield0.3%
Dividend yield (est.)—
Shareholder yield0.3%
Shares Δ YoY-0.6%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗144Filing2026-06-12open ↗4Period ending 2026-05-262026-05-28open ↗4Period ending 2026-05-132026-05-15open ↗SCHEDULE 13G/AFiling2026-05-15open ↗13F-HRPeriod ending 2026-03-312026-05-15open ↗4Period ending 2026-05-082026-05-12open ↗144Filing2026-05-11open ↗SDFiling2026-05-11open ↗144Filing2026-05-08open ↗4Period ending 2026-05-062026-05-08open ↗
Frequently asked
- Is IES Holdings, Inc. (IESC) a buy?
- IESC currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Debt-free electrical contractor riding the data-center boom with 35% ROE, but 47x earnings prices in a lot for a cyclical, thin-margin business.
- What is IESC's fair value?
- A Modified-Graham model based on IESC's SEC fundamentals estimates a fair value of about $570.76. It is an estimate from reported earnings, not a price target.
- Is IESC overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, IESC currently appears overvalued relative to its SEC-grounded earnings power.
- What is IES Holdings, Inc.'s quality score?
- IESC scores 72.41176470588235/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001048268, latest 10-Q filed 2026-05-01) · EODHD · analysis by claude-code · as of 6/21/2026, 8:45:41 PM.
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