Infrastructure and Energy Alternatives Income Statement 2021-2011 | IEA

Brief overview of financial performance at Infrastructure and Energy Alternatives

The comparison covers a five-year financial horizon. Infrastructure and Energy Alternatives reported revenue of $603 million in 2016 and $2.1 billion by 2021. Overall revenue changed by +244.9%, equal to an annualized rate of about 28.1%. This pace points to rapid expansion of the business.

At the gross-profit level, the result moved from $85.2 million to $206 million, a change of +141.8%. Costs absorbed a larger share of revenue over the period. The gross margin was 14.1% at the start and 9.9% at the end. The contraction points to pressure from direct costs or weaker pricing power.

The operating result measured by EBITDA moved from 57.8 million dollars to 123 million dollars, or +112.3%. Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin moved from 9.6% to 5.9%. A lower EBITDA share weakens the quality of the result.

Comparing the endpoints shows a move from $65.5 million to −$83.7 million. The business lost profitability by the end of the period.

Over the period, capitalization shifted from $210 million to $308 million (+46.4%). The valuation did not keep pace with the reported progress.

What the figures show

The indicators point to a weaker financial profile. The constructive conclusion rests on sales growth. The main areas of concern are a weaker final result, pressure from direct costs and pressure on operating profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.