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IES Holdings
(NASDAQ:IESC)
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Rating:73Outperform
Price Target:
$361.00
▲(15.25% Upside)
Action:Reiterated
Date:08/25/26
The score is driven primarily by strong financial performance (high profitability, expanding margins, and low leverage) and supportive corporate events (strategic acquisition and stock split). These positives are tempered by weaker near-term technicals (below key moving averages with sub-50 RSI) and a relatively elevated P/E with no dividend yield support.
Positive Factors
Sustained revenue and margin expansion
IES has achieved substantial multi-year scale and profitability gains, indicating stronger execution and project economics. Higher margins provide a more durable earnings base, although construction cyclicality remains a consideration.
Negative Factors
Declining free cash flow conversion
Positive cash generation remains a strength, but the recent decline suggests greater working-capital or reinvestment demands. If earnings continue to convert less efficiently into cash, funding acquisitions and expansion could become more dependent on balance-sheet resources.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue and margin expansion
IES has achieved substantial multi-year scale and profitability gains, indicating stronger execution and project economics. Higher margins provide a more durable earnings base, although construction cyclicality remains a consideration.
Read all positive factors
IES Holdings (IESC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$13.21B
Dividend YieldN/A
Average Volume (3M)297.30K
Price to Earnings (P/E)29.2
Beta (1Y)1.84
Revenue Growth22.66%
EPS Growth83.09%
CountryUS
Employees10,273
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)11.41
Shares Outstanding39,848,713
10 Day Avg. Volume214,962
30 Day Avg. Volume297,298
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)9.85
Revenue Forecast (FY)$4.02B
IES Holdings Business Overview & Revenue Model
Company Description
IES Holdings, Inc. operates across the United States, specializing in the engineering and implementation of integrated electrical and technology systems, alongside providing essential infrastructure products and related services. Its Commercial & ...
How the Company Makes Money
IESC primarily makes money by performing contracted project and service work for customers, recognizing revenue as it delivers labor, materials, installation, and related services. Key revenue streams include: (1) Commercial & Industrial electrica...
IES Holdings Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.99B | 3.37B | 2.88B | 2.38B | 2.17B | 1.54B |
| Gross Profit | 1.03B | 859.50M | 696.59M | 444.54M | 318.90M | 288.00M |
| EBITDA | 599.69M | 442.17M | 343.11M | 190.98M | 81.24M | 107.78M |
| Net Income | 456.20M | 305.98M | 219.12M | 108.29M | 34.76M | 66.66M |
Balance Sheet | ||||||
| Total Assets | 2.28B | 1.60B | 1.24B | 981.60M | 934.71M | 766.62M |
| Cash, Cash Equivalents and Short-Term Investments | 387.86M | 231.76M | 135.84M | 75.77M | 24.85M | 23.11M |
| Total Debt | 76.94M | 157.66M | 62.43M | 61.59M | 137.09M | 82.37M |
| Total Liabilities | 1.04B | 707.70M | 591.92M | 481.66M | 544.23M | 396.07M |
| Stockholders Equity | 1.23B | 883.96M | 611.11M | 449.99M | 361.29M | 345.95M |
Cash Flow | ||||||
| Free Cash Flow | 228.40M | 218.84M | 189.25M | 136.24M | -13.00M | 30.50M |
| Operating Cash Flow | 371.42M | 286.10M | 234.40M | 153.90M | 16.30M | 37.90M |
| Investing Cash Flow | -315.13M | -163.69M | -108.85M | 2.77M | -29.50M | -99.60M |
| Financing Cash Flow | -87.46M | -96.07M | -100.50M | -105.75M | 15.00M | 31.20M |
IES Holdings Technical Analysis
Neutral
313.23
Price Trends
341.37
Negative
330.84
Positive
275.72
Positive
Market Momentum
-2.31
Positive
46.44
Neutral
20.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IESC, the sentiment is Neutral. The current price of 313.23 is below the 20-day moving average (MA) of 363.76, below the 50-day MA of 341.37, and above the 200-day MA of 275.72, indicating a neutral trend. The MACD of -2.31 indicates Positive momentum. The RSI at 46.44 is Neutral, neither overbought nor oversold. The STOCH value of 20.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $13.21B | 29.23 | 44.00% | ― | 22.66% | 83.09% | |
73 Outperform | $15.22B | 36.09 | 36.67% | ― | 60.83% | 51.23% | |
70 Outperform | $4.78B | 11.50 | 27.41% | 1.79% | -4.37% | 13.37% | |
66 Neutral | $9.34B | 27.77 | 18.85% | ― | 37.79% | 23.60% | |
64 Neutral | $4.21B | 29.84 | 8.46% | 0.37% | 5.12% | -42.27% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | $6.96B | -4.49 | -57.08% | ― | -4.77% | -151.32% |
* Industrials Sector Average
IESC
IES Holdings
333.67
152.51
84.18%
DY
Dycom
308.01
51.52
20.09%
FLR
Fluor
54.10
12.49
30.02%
KBR
KBR
38.19
-12.26
-24.31%
PRIM
Primoris Services
77.00
-42.23
-35.42%
STRL
Sterling Infrastructure
506.37
215.42
74.04%
IES Holdings Corporate Events
Business Operations and StrategyM&A Transactions
IES Holdings to Acquire Majority Stake in DBM Global
Positive
Aug 11, 2026
On August 7, 2026, IES Holdings entered into a definitive agreement to acquire roughly 92% of DBM Global, one of the largest independent structural steel fabrication and erection platforms in the U.S., for a base purchase price of about $650 milli...
Business Operations and StrategyFinancial DisclosuresStock Split
IES Holdings posts robust Q3 results, plans stock split
Positive
Jul 31, 2026
On July 31, 2026, IES Holdings reported strong fiscal third‑quarter results for the period ended June 30, 2026, with revenue up 40% year over year to $1.24 billion and operating income up 60% to $178.5 million. Net income nearly doubled to $...
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.