olivLaw · US equity research
IES Holdings, Inc. IESC
Electrical Work · SIC 1731 · Vertical: Electrical Work (SIC 1731)
IES Holdings is an American contractor of integrated electrical and technology systems, organized in four segments from data center infrastructure to housing. Third-quarter fiscal 2026 revenue rose 40%, and data center demand pushed backlog to record levels. The company could keep benefiting from this demand if its capacity investments translate into execution.
At the close of 04 Nov 2026, IES Holdings, Inc. (IESC) stock was 169.07 USD (−16.87% on the day), with market capitalisation 3.4 bn USD, P/E 7.6 on diluted EPS of 22.30 USD over the last 12 months, beta 2.18, 52-week range 169.07–396.98 USD. Latest reported quarter (Q3 2026): revenue of 1.2 bn USD (+39.6% YoY), net income of 153.5 m USD (+93.7% YoY), diluted EPS 7.57 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 19.6
- oversold (≤ 30)
- Bollinger (20, 2)
- 169.62 – 308.17
- below the lower band · %B -0.00 · band width 58.0%
- SMA 50 / 200
- 289.18 / 295.43
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -30.58 / -26.66
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −50.2% | −1.1% | −49.1 pp | — |
| 3 months | −56.9% | −0.5% | −56.4 pp | — |
| 6 months | −49.8% | +4.4% | −54.2 pp | — |
| Year to date | −13.1% | +12.3% | −25.4 pp | — |
| 1 year | −12.7% | +13.5% | −26.2 pp | +18.3% |
| 3 years | +446.6% | +76.4% | +370.2 pp | +208.2% |
| 5 years | +535.5% | +63.7% | +471.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 775.8 m | 749.5 m | 834.0 m | 890.2 m | 897.8 m | 871.0 m | 974.3 m | 1.2 bn |
| Cost of revenue | 589.4 m | 571.5 m | 625.1 m | 650.6 m | 664.8 m | 650.9 m | 719.5 m | 902.0 m |
| Gross profit | 186.4 m | 178.0 m | 208.9 m | 239.6 m | 233.0 m | 220.0 m | 254.8 m | 340.7 m |
| SG&A | 110.9 m | 103.0 m | 116.0 m | 127.3 m | 128.6 m | 121.8 m | 142.4 m | 162.2 m |
| Operating income | 75.0 m | 74.6 m | 92.7 m | 111.9 m | 104.3 m | 97.7 m | 112.3 m | 178.5 m |
| Depreciation & amortisation | 11.1 m | 11.1 m | 11.9 m ≈ | 11.7 m | 12.2 m | 12.7 m | 16.1 m ≈ | 17.0 m |
| Interest expense | 140.0 k | 518.0 k | 266.0 k | 534.0 k | 496.0 k | 466.0 k | 1.5 m | 1.0 m |
| Pre-tax income | 80.3 m | 77.7 m | 98.7 m | 108.8 m | 108.8 m | 115.9 m | 148.6 m | 204.8 m |
| Income tax | 14.8 m | 20.0 m | 26.1 m | 29.5 m | 21.3 m | 28.4 m | 38.3 m | 51.3 m |
| Net income | 52.1 m | 57.7 m | 72.6 m | 79.3 m | 96.4 m | 91.8 m | 110.3 m | 153.5 m |
| Diluted EPS | 2.57 ≈ | 2.72 | 3.50 | 3.81 | 4.78 ≈ | 4.51 | 5.44 | 7.57 |
| Operating cash flow | 92.8 m | 37.3 m | 24.8 m ≈ | 92.0 m ≈ | 132.0 m | 27.7 m | 103.3 m ≈ | 108.4 m ≈ |
| Capex | 14.3 m | 13.2 m | 17.0 m | 17.1 m | 20.0 m | 46.6 m | 31.8 m | 44.6 m ≈ |
| Share repurchases | 19.7 m | 15.7 m | 20.5 m ≈ | 5.3 m ≈ | 51.0 k | 17.7 m | 1.7 m ≈ | 136.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 40 percentile of its own 35-quarter history (min 1.7, median 8.0, max 16.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 876.8 m | 1.1 bn | 1.2 bn | 1.5 bn | 2.2 bn | 2.4 bn | 2.9 bn | 3.4 bn |
| Revenue YoY | +8.2% | +22.8% | +10.6% | +29.0% | +41.0% | +9.7% | +21.3% | +16.9% |
| Net income | -14.2 m | 33.2 m | 41.6 m | 66.7 m | 34.8 m | 108.3 m | 219.1 m | 306.0 m |
| Net income YoY | −205.5% | unavailable | +25.3% | +60.2% | −47.9% | +211.5% | +102.3% | +39.6% |
| Diluted EPS | -0.67 | 1.55 | 1.94 | 3.15 | 1.44 | 4.54 | 9.89 | 15.02 |
| Diluted EPS YoY | −208.1% | unavailable | +25.2% | +62.4% | −54.3% | +215.3% | +117.8% | +51.9% |
| net % | -1.6% | 3.1% | 3.5% | 4.3% | 1.6% | 4.6% | 7.6% | 9.1% |
| Free cash flow | 7.7 m | 32.4 m | 72.0 m | 30.5 m | -13.0 m | 136.2 m | 189.2 m | 218.8 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 30 Sept 2025
- Cash
- 127.2 m USD
- Financial debt
- 0 USD
- Net debt
- -127.2 m USD
- Equity
- 884.0 m USD
- Total assets
- 1.6 bn USD
- Debt / equity
- 0.00x
- Current ratio
- 1.71x
- ROE
- 40.9%
- ROA
- 21.5%
- FCF margin
- 6.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.2 bn | 1.5 bn | 2.2 bn | 2.4 bn | 2.9 bn | 3.4 bn | SEC (XBRL)· 21 Nov 2025verified |
| Cost of revenue | 962.9 m | 1.2 bn | 1.8 bn | 1.9 bn | 2.2 bn | 2.5 bn | SEC (XBRL)· 21 Nov 2025verified |
| Gross profit | 228.0 m | 288.0 m | 318.9 m | 444.5 m | 696.6 m | 859.5 m | SEC (XBRL)· 21 Nov 2025verified |
| SG&A | 170.9 m | 202.3 m | 262.7 m | 298.6 m | 396.7 m | 475.0 m | SEC (XBRL)· 21 Nov 2025verified |
| Operating income | 50.1 m | 85.6 m | 56.0 m | 159.8 m | 300.9 m | 383.5 m | SEC (XBRL)· 21 Nov 2025verified |
| Depreciation & amortisation | 12.5 m | 21.9 m | 25.5 m | 29.4 m | 37.1 m | 46.9 m | SEC (XBRL)· 21 Nov 2025verified |
| EBITDA | 62.6 m ≈ | 107.5 m ≈ | 81.5 m ≈ | 189.2 m ≈ | 338.0 m ≈ | 430.5 m ≈ | SEC (XBRL)· 21 Nov 2025derived |
| Interest expense | 777.0 k | 962.0 k | 3.0 m | 3.0 m | 1.3 m | 1.8 m | SEC (XBRL)· 21 Nov 2025verified |
| Pre-tax income | 49.3 m | 84.9 m | 53.0 m | 158.5 m | 304.7 m | 393.9 m | SEC (XBRL)· 21 Nov 2025verified |
| Income tax | 8.7 m | 16.2 m | 12.8 m | 38.8 m | 72.2 m | 96.8 m | SEC (XBRL)· 21 Nov 2025verified |
| Net income | 41.6 m | 66.7 m | 34.8 m | 108.3 m | 219.1 m | 306.0 m | SEC (XBRL)· 21 Nov 2025verified |
| Diluted EPS | 1.94 | 3.15 | 1.44 | 4.54 | 9.89 | 15.02 | SEC (XBRL)· 21 Nov 2025verified |
| Weighted average diluted shares | 21.1 m | 21.1 m | 20.9 m | 20.4 m | 20.4 m | 20.2 m | SEC (XBRL)· 21 Nov 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 53.6 m | 23.1 m | 24.8 m | 75.8 m | 100.8 m | 127.2 m | SEC (XBRL)· 21 Nov 2025verified |
| Receivables | 213.0 m | 286.7 m | 370.7 m | 363.8 m | 469.8 m | 552.2 m | SEC (XBRL)· 21 Nov 2025verified |
| Inventories | 24.9 m | 68.6 m | 96.3 m | 95.7 m | 101.7 m | 111.5 m | SEC (XBRL)· 21 Nov 2025verified |
| Current assets | 371.5 m | 484.2 m | 624.4 m | 671.3 m | 871.7 m | 1.1 bn | SEC (XBRL)· 21 Nov 2025verified |
| Property, plant & equipment, net | 24.6 m | 35.5 m | 54.4 m | 63.4 m | 134.2 m | 183.2 m | SEC (XBRL)· 21 Nov 2025verified |
| Goodwill | 53.8 m | 92.4 m | 92.4 m | 92.4 m | 94.0 m | 107.8 m | SEC (XBRL)· 21 Nov 2025verified |
| Intangibles (excl. goodwill) | 39.4 m | 85.6 m | 71.9 m | 56.2 m | 45.9 m | 41.6 m | SEC (XBRL)· 21 Nov 2025verified |
| Total assets | 560.5 m | 766.6 m | 934.7 m | 981.6 m | 1.2 bn | 1.6 bn | SEC (XBRL)· 21 Nov 2025verified |
| Accounts payable | 186.7 m | 249.1 m | 317.0 m | 296.8 m | 363.6 m | 456.6 m | SEC (XBRL)· 21 Nov 2025verified |
| Short-term debt | — | — | — | — | — | 0 | SEC (XBRL)· 01 May 2026verified |
| Long-term debt | 217.0 k | 39.7 m | 81.6 m | 0 | 0 | 0 | SEC (XBRL)· 21 Nov 2025verified |
| Current liabilities | 242.4 m | 311.6 m | 401.9 m | 400.6 m | 522.6 m | 633.4 m | SEC (XBRL)· 21 Nov 2025verified |
| Total liabilities | 275.4 m | 396.1 m | 544.2 m | 481.7 m | 591.9 m | 707.7 m | SEC (XBRL)· 21 Nov 2025verified |
| Equity | 283.3 m † | 346.0 m † | 361.3 m † | 450.0 m † | 611.1 m † | 884.0 m † | SEC (XBRL)· 21 Nov 2025verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 76.7 m | 37.9 m | 16.3 m | 153.9 m | 234.4 m | 286.1 m | SEC (XBRL)· 21 Nov 2025verified |
| Capex | 4.7 m | 7.4 m | 29.3 m | 17.7 m | 45.2 m | 67.3 m | SEC (XBRL)· 21 Nov 2025verified |
| Free cash flow | 72.0 m ≈ | 30.5 m ≈ | -13.0 m ≈ | 136.2 m ≈ | 189.2 m ≈ | 218.8 m ≈ | SEC (XBRL)· 21 Nov 2025derived |
| Investing cash flow | -33.6 m | -99.6 m | -29.5 m | 2.8 m | -108.8 m | -163.7 m | SEC (XBRL)· 21 Nov 2025verified |
| Financing cash flow | -8.5 m | 31.2 m | 15.0 m | -105.8 m | -100.5 m | -96.1 m | SEC (XBRL)· 21 Nov 2025verified |
| Share repurchases | 7.7 m | 7.0 m | 18.6 m | 8.3 m | 44.0 m | 41.6 m | SEC (XBRL)· 21 Nov 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 78 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 3.4 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation93
- Returns8
- Quality55
- Balance sheet88
- Growth100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 468.58 – 849.05 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E468.58 – 849.05 (Mid 525.45)3 companies used · median multiple 23.6x · quartiles 21.0x – 38.1xEME, FIX, PWR
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 78/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 11.3% | 80 (vs peers) | 10% |
| FCF conversion · Quality | 50.5% | 29 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 15.9% | 100 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | 118.5% | 100 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 140.8x | 100 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.6x | 69 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 7.6x | 100 (on a fixed band) | 16% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 6.8% | 85 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 0.6% | 8 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet88/100 · 2/3 factors with a value
- Growth100/100 · 2/2 factors with a value
- Quality55/100 · 2/3 factors with a value
- Returns· partial8/100 · 1/2 factors with a value
- Valuation93/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
IES Holdings, Inc. (IESC). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 3.4 bn USD in 2025; YoY growth 16.9%; net margin 11.3%; ROE 45.0%.
The estimated value range is 468.58–849.05 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 525.45 USD, the price of 169.07 USD leaves a potential of 210.8% (value / price − 1) and a margin of safety of 67.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 78/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 11.3%
- Revenue CAGR 3Y: 15.9%
- EPS CAGR 3Y: 118.5%
- Interest coverage: 140.8x
- P/E (TTM): 7.6x
- FCF yield: 6.8%
- The price is below the estimated value range
What contradicts it
- FCF conversion: 50.5%
- Shareholder yield (distributions): 0.6%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Electrical Work (SIC 1731) · same industry (4-digit SIC) · compared with 5 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| PWRQuanta Services, Inc. | 87.5 bn | 52.6 | 17.8% | 4.5% | +20.3% | +25% / +208% |
| FIXComfort Systems USA, Inc. | 38.2 bn | 23.6 | 58.6% | 13.0% | +29.5% | +12% / +464% |
| EMEEMCOR Group, Inc. | 28.0 bn | 18.5 | 40.6% | 7.8% | +16.6% | +4% / +201% |
| IESCIES Holdings, Inc. | 3.4 bn | 7.6 | 45.0% | 11.3% | +16.9% | −13% / +447% |
| MAGHMagnitude International Ltd | 236.6 m | 6,760.0 | 7.2% | 0.3% | unavailable | unavailable / unavailable |
| ENGSEnergys Group Ltd | 64.6 m | — | -139.3% | -30.1% | unavailable | +287% / unavailable |
1- and 3-year price returns: for IESC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 112.40 Total return -34% · Per year -34% | 197.81 Total return 17% · Per year 17% | 296.71 Total return 75% · Per year 75% |
| 3 years | 133.32 Total return -21% · Per year -8% | 261.60 Total return 55% · Per year 16% | 427.26 Total return 153% · Per year 36% |
| 5 years | 158.14 Total return -6% · Per year -1% | 345.96 Total return 105% · Per year 15% | 615.25 Total return 264% · Per year 29% |
- Exit P/E± 65.40
- Net margin± 45.78
- Annual revenue growth± 34.14
- Annual dilution± 3.85
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
IES Holdings is an American contractor of integrated electrical and technology systems, organized in four segments from data center infrastructure to housing. Third-quarter fiscal 2026 revenue rose 40% 3, and data center demand pushed backlog to record levels 3. The company could keep benefiting from this demand if its capacity investments translate into execution.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Cyclicality and reduced investmenthigh
Demand depends on construction and client industries, which can defer projects in downturns 1.
- Fixed price contractshigh
Rising material or labor costs can reduce project profit if they cannot be passed on to clients 1.
- Dependence on data centersmedium
Rapid growth in data centers concentrates risk in one client type and in those clients' investment plans 13.
- Acquisitions and integrationmedium
Acquisitions may underperform expectations, and integration can distract management 13.
- Recovery of contract change orderslow
The company may not fully recover additional costs, which could affect results in earlier periods 1.
Investment thesis
What would need to be true (bull case)
What would break the thesis
- If data center demand slows, growth could fall quickly, since the segment relies on a few large clients 13.
- The residential segment could stay weak for a long time if mortgage rates do not fall, pressuring margins 23.
- Labor shortages and rising costs could reduce margins if fixed price projects cannot be adjusted 12.
What to watch
- Trend in data center backlog and revenueQ4 2026
- Recovery of margins in the residential segment2027
- Returns from reconfigured facilities and the Gulf Island acquisition2027
- Effect of the stock split on liquidity and capital expenditurenext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
IES Holdings, Inc. designs and installs integrated electrical and technology systems and provides infrastructure products and services for data centers, residential housing and commercial and industrial facilities 1. The business is organized into four segments: Communications, Residential, Infrastructure Solutions and Commercial & Industrial 1. The company pursues growth through market share, geographic expansion and acquisitions that complement existing segments 1.
Its operational headquarters is in Sugar Land, Texas, with an executive office in Greenwich, Connecticut, and the company was established in Delaware in 1997 1. Revenue combines contracts awarded through competitive bids, many at fixed prices, with recurring maintenance services 1.
In 2026 the company completed the Gulf Island Fabrication acquisition and expanded production capacity, having drawn on its credit facility to fund acquisitions and investments before repaying it 23. The balance sheet showed no debt at June 30, 2026, per the release 3.
Segments
Communications
The segment provides network infrastructure for data centers and mission critical environments, operating from 41 offices across the United States 1. Its share of revenue was 33.8% in fiscal 2025 1. Revenue rose 51% in the third quarter of fiscal 2026, driven by data center demand 3.
Residential
The segment provides electrical installation for single-family and multi-family housing, plus HVAC and plumbing services in certain markets 1. Its share fell to 38.7% in fiscal 2025 1. Demand remains weak because of elevated mortgage rates, and revenue declined in the third quarter of fiscal 2026 3.
Infrastructure Solutions
The segment manufactures generator enclosures and power distribution equipment and provides electro-mechanical repair services for industrial customers 1. Its share reached 14.8% in fiscal 2025 1. The Gulf Island acquisition added revenue in the third quarter of fiscal 2026 3.
Market context
The electrical and mechanical contracting market is fragmented, with many regional and private firms and low barriers to entry in some segments 1. Data center demand is the main declared driver, while the residential market is affected by financing costs 23. Third-quarter revenue of 1,242.7 million dollars reflects this orientation 2.
Long-term growth could be supported by data demand, population growth and replacement of aging infrastructure, but cyclicality remains a risk 1. If construction financing tightens, projects could be deferred 1.
Trends
- Record data center demandtailwind
Demand for data centers remains strong and pushed backlog to record levels at the end of fiscal 2025 and into 2026 12. Labor availability could limit the pace of growth 1.
- Housing cycleheadwind
High mortgage rates and cost inflation have limited residential demand, and prices could not always be passed on to customers 12. Expectations of lower rates may also delay home purchases 1.
- Material and labor costsmixed
Copper, steel and other materials have seen sudden price increases, and fixed price contracts limit cost pass-through 1. If prices stay high, margins could be pressured 1.
- Expanded capacity and acquisitionsmixed
The company added production capacity and bought assets, and investments in new facilities could contribute results from fiscal 2027 3. The risk lies in integration and acquisition returns 1.
Competitive position
Competition comes from large national and regional firms and from many small private contractors with limited access to capital 1. The company differentiates through service quality, financial capacity and long relationships with large customers 1. In manufacturing it competes with domestic and international producers and distributors 1.
In the residential segment barriers to entry are low, which could attract new competitors during periods of strong demand 1. If competitors lower prices, margins could be affected 1.
- Regional and private electrical contractors
Fragmented competition across segments, with limited access to capital but strong local relationships 1.
- Large national technical services companies
Larger competitors that may offer a wider range of services, including mechanical construction 1.
- Electrical equipment manufacturers and distributors
Direct competition for enclosures and power distribution equipment 1.
- Specialized motor repair shops
Local competition in electro-mechanical repair, where the company relies on capabilities and service 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Could IES Holdings (IESC) Win Big While INNOVATE (VATE) Bets its Future on Debt Reduction?Yahoo Finance — News · 29 Aug 2026 · EN
- Jim Cramer on IES Holdings (IESC): “I Think You’ve Got a Good One”Yahoo Finance — News · 28 Aug 2026 · EN
The latest news item in our archive is from 29 Aug 2026; the newest SEC filing is from 06 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report06 Oct 2026Material agreement · Acquisition or disposition of assets · Regulation FD disclosure · Financial statements and exhibits
- Current report11 Aug 2026Material agreement · Item 3.02 · Regulation FD disclosure · Financial statements and exhibits
- Current report31 Jul 2026Results of operations · Regulation FD disclosure · Other events · Financial statements and exhibits
- Quarterly report31 Jul 2026
- Current report01 May 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report01 May 2026
- Current report20 Feb 2026Shareholder vote
- Current report30 Jan 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report30 Jan 2026
- Proxy statement07 Jan 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-09-30 · SEC / IES Holdings, Inc. · 21 Nov 2025
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / IES Holdings, Inc. · 31 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / IES Holdings, Inc. · 31 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.