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IES Holdings (IESC)
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IES Holdings Income Statement 2025-2008 | IESC
Brief overview of financial performance at IES Holdings
The overview follows changes across a five-year period. IES Holdings reported revenue of $1.2 billion in 2020 and $3.4 billion by 2025. Across the full period, sales moved by +183.1%; the average annual rate was 23.1%. Revenue growth reflects a pronounced phase of business expansion.
The five-year change in gross profit reached +277%: from 228 million dollars to 859 million dollars. Cost of revenue developed more favorably than sales, supporting gross profitability. The gross margin was 19.1% at the start and 25.5% at the end. The margin shift points to a more favorable sales-and-cost structure.
Over the period, EBITDA shifted from $62.6 million to $430 million, a change of +587.8%. Additional revenue translated efficiently into EBITDA. EBITDA margin was 5.3% at the start and 12.8% at the end. The company improved its ability to convert sales into EBITDA.
Net profit was $41.6 million at the start and $306 million at the end. The period finished with its strongest net-income result.
Market value was $957 million at the start and $7.4 billion at the end. The share-price trend was broadly consistent with improving results.
Financial takeaway
Most key measures improved without a pronounced weak signal. Key strengths include an improving EBITDA margin, improving gross profitability and net-income growth. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement IES Holdings
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
7.4 B | 5.55 B | 1.49 B | 715 M | 1.05 B | 957 M | 427 M | 374 M | 393 M | 311 M | 152 M | 146 M | 67.9 M | 78.8 M | 33.8 M | 70.6 M | 144 M | - |
Shares |
19.9 M | 20.2 M | 20.2 M | 20.7 M | 20.8 M | 20.8 M | 21.1 M | 21.2 M | 21.3 M | 21.3 M | 21.5 M | 18.4 M | 15 M | 14.6 M | 14.5 M | 14.4 M | 14.3 M | - |
Historical Prices |
372 | 276 | 73.9 | 34.6 | 50.6 | 46 | 25.7 | 15.6 | 17.2 | 19.1 | 11.1 | 7.66 | 5.39 | 4.5 | 1.85 | 4.9 | 10.1 | 18.1 |
Net Income |
306 M | 219 M | 108 M | 34.8 M | 66.7 M | 41.6 M | 33.2 M | -14.2 M | 13.4 M | 121 M | 16.5 M | 5.32 M | -3.57 M | -11.8 M | -37.7 M | -4.3 M | -12.1 M | - |
Revenue |
3.37 B | 2.88 B | 2.38 B | 2.17 B | 1.54 B | 1.19 B | 1.08 B | 877 M | 811 M | 696 M | 574 M | 512 M | 495 M | 456 M | 482 M | 91.2 M | 667 M | - |
Cost of Revenue |
2.51 B | 2.19 B | 1.93 B | 1.85 B | 1.25 B | 963 M | 895 M | 727 M | 670 M | - | - | - | - | - | - | - | - | - |
Gross Profit |
859 M | 697 M | 445 M | 319 M | 288 M | 228 M | 182 M | 150 M | 140 M | 127 M | 99.9 M | 83.1 M | 67 M | 58.1 M | 36 M | 10.6 M | 109 M | - |
Operating Income |
384 M | 301 M | 160 M | 56 M | 85.6 M | 50.1 M | 41.8 M | 26 M | 20.3 M | 25 M | 18.5 M | 7.64 M | 426 K | -389 K | -17.2 M | -19.4 M | -5.99 M | - |
Interest Expense |
1.81 M | 1.34 M | 3.02 M | 2.97 M | 962 K | -12 K | 148 K | 1.95 M | 1.7 M | 1.28 M | 1.13 M | 1.57 M | 1.77 M | 2.32 M | 2.28 M | 3.51 M | 4.53 M | - |
EBITDA |
430 M | 338 M | 189 M | 81.5 M | 107 M | 62.6 M | 51.1 M | 34.9 M | 29.8 M | 32.1 M | 21 M | 10.1 M | 2.91 M | 1.8 M | -20.4 M | -14.1 M | 2.34 M | - |
Operating Expenses |
- | - | - | - | - | - | 141 M | 124 M | 120 M | 101 M | 81.4 M | 75.6 M | 66.6 M | 58.6 M | 62.8 M | - | - | - |
General and Administrative Expenses |
475 M | 397 M | 299 M | 263 M | 202 M | 171 M | 141 M | 124 M | 120 M | 101 M | 81.4 M | 75.6 M | 66.6 M | 58.6 M | 69.4 M | 74.3 M | 108 M | - |
All numbers in USD currency
Quarterly Income Statement IES Holdings
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
19.9 M | 19.9 M | 19.9 M | 19.9 M | 19.9 M | 19.9 M | 20 M | 20 M | 20 M | 20.2 M | 20.2 M | 20.2 M | 20.2 M | 20.2 M | 20.2 M | 20.2 M | 20.3 M | 20.7 M | 20.8 M | 20.7 M | 20.7 M | 20.8 M | 20.8 M | 20.7 M | 20.8 M | 20.7 M | 20.7 M | 20.9 M | 21.1 M | 21 M | 20.9 M | 21.2 M | 21.2 M | 21.2 M | 21.2 M | 21.2 M | 21.3 M | 21.3 M | 21.2 M | 21.3 M | 21.3 M | 21.3 M | 21.3 M | 21.3 M | 21.5 M | 21.3 M | 21.3 M | 21.7 M | 18.5 M | 18.5 M | 21.7 M | 18.4 M | 15.4 M | 15.4 M | 17.8 M | 14.8 M | 14.6 M | 14.6 M | 14.8 M | 14.6 M | 14.5 M | 14.5 M | 14.6 M |
Net Income |
154 M | 110 M | 91.8 M | 91.8 M | - | 79.3 M | 72.6 M | 57.7 M | - | 66.6 M | 56.8 M | 43.6 M | - | 25.9 M | 24.2 M | 26.4 M | - | 9.46 M | -5.41 M | 14.5 M | - | 19.3 M | 12.8 M | 12.1 M | 14.6 M | 12.3 M | 12.1 M | 8.5 M | 9.86 M | 11 M | 8.5 M | 6.88 M | 4.68 M | 8.52 M | 6.88 M | -29.6 M | 3.15 M | 5.87 M | -29.6 M | 3.87 M | 102 M | 10.8 M | 3.87 M | 5.8 M | 7.48 M | 3.96 M | 5.8 M | 3.29 M | 2.13 M | 2.67 M | 3.29 M | 124 K | -1.84 M | -1.14 M | 124 K | 510 K | -1.47 M | -3.18 M | 510 K | -3.72 M | -12 M | -11.4 M | -3.72 M |
Revenue |
1.24 B | 974 M | 871 M | 871 M | - | 890 M | 834 M | 750 M | - | 768 M | 706 M | 634 M | - | 584 M | 569 M | 575 M | - | 567 M | 502 M | 481 M | - | 406 M | 332 M | 315 M | 330 M | 293 M | 315 M | 276 M | 294 M | 283 M | 276 M | 244 M | 240 M | 233 M | 244 M | 198 M | 207 M | 208 M | 198 M | 192 M | 206 M | 180 M | 192 M | 151 M | 160 M | 144 M | 151 M | 136 M | 136 M | 136 M | 136 M | 120 M | 124 M | 122 M | 120 M | 127 M | 123 M | 116 M | 127 M | 109 M | 111 M | 104 M | 115 M |
Cost of Revenue |
902 M | 719 M | 651 M | 651 M | - | 651 M | 625 M | 572 M | - | 574 M | 534 M | 491 M | - | 477 M | 468 M | 479 M | - | 485 M | 443 M | 401 M | - | 333 M | 267 M | 256 M | 701 M | 235 M | 256 M | 226 M | 652 M | 236 M | 226 M | 202 M | 527 M | 190 M | 202 M | 165 M | - | 2.48 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
341 M | 255 M | 220 M | 220 M | - | 240 M | 209 M | 178 M | - | 195 M | 172 M | 144 M | - | 108 M | 101 M | 95.4 M | - | 82.8 M | 58.5 M | 79.7 M | - | 72.8 M | 64.9 M | 58.7 M | 68.2 M | 58.3 M | 58.7 M | 50.2 M | 50.9 M | 46.4 M | 50.2 M | 41.6 M | 40.5 M | 42.5 M | 41.6 M | 33.1 M | 38.1 M | 35.4 M | 33.1 M | 35.2 M | 37.5 M | 34 M | 35.2 M | 27.6 M | 30.4 M | 25.1 M | 27.6 M | 22.7 M | 22.3 M | 22.7 M | 22.7 M | 18.1 M | 17.3 M | 15.7 M | 18.1 M | 18 M | 16.8 M | 14.3 M | 18 M | 13.2 M | 13.9 M | 13 M | 10.9 M |
Operating Income |
179 M | 112 M | 97.7 M | 97.7 M | - | 112 M | 92.7 M | 74.6 M | - | 90.2 M | 77.7 M | 58 M | - | 34.3 M | 31.6 M | 40.7 M | - | 15.6 M | -4.92 M | 20.3 M | - | 22.4 M | 17.1 M | 15.9 M | 35.7 M | 14.1 M | 15.9 M | 12.4 M | 27.9 M | 10.2 M | 12.4 M | 9.48 M | 17.2 M | 10.1 M | 9.48 M | 2.99 M | 13.3 M | 4.72 M | 2.99 M | 7 M | 15.8 M | 8.18 M | 7 M | 5.12 M | 10.8 M | 4.55 M | 5.12 M | 4 M | 5.03 M | 3.57 M | 4 M | 585 K | 1.58 M | -907 K | 585 K | 3.08 M | -691 | -691 K | 3.08 M | 675 K | -24 M | -10.9 M | -3.08 M |
Interest Expense |
1.01 M | 1.53 M | 466 K | 466 K | - | 534 K | 266 K | 518 K | - | 395 K | 406 K | 397 K | - | 391 K | 1.05 M | 1.18 M | - | 761 K | 543 K | 436 K | - | 240 K | 225 K | 172 K | 828 K | 269 K | 172 K | 239 K | 1.53 M | 451 K | 239 K | 547 K | 1.43 M | 513 K | 547 K | 441 K | 1.28 M | 407 K | 441 K | 446 K | 895 K | 299 K | 446 K | 293 K | 860 K | 261 K | 293 K | 288 K | 1.27 M | 348 K | 288 K | 518 K | 1.42 M | 372 K | 518 K | 607 K | 524 | 524 K | 607 K | 622 K | 1.75 M | 571 K | 622 K |
EBITDA |
195 M | 141 M | 110 M | 110 M | - | 124 M | 105 M | 85.7 M | - | 101 M | 85.5 M | 65.6 M | - | 41.2 M | 38.5 M | 47 M | - | 22 M | 1.23 M | 26.5 M | - | 32.3 M | 23 M | 19.9 M | 44.5 M | 19.7 M | 19.9 M | 14.7 M | 35.1 M | 15.1 M | 14.7 M | 11.9 M | 23.9 M | 14.4 M | 11.9 M | 5.2 M | 20.2 M | 9.09 M | 5.2 M | 9.05 M | 19.3 M | 10 M | 9.05 M | 5.94 M | 12.7 M | 5.72 M | 5.94 M | 4.58 M | 6.92 M | 4.83 M | 4.58 M | 1.2 M | 3.54 M | 171 K | 1.2 M | 3.62 M | 1.59 M | -1.22 M | 3.62 M | 1.2 M | -19 M | -9.4 M | -2.56 M |
General and Administrative Expenses |
162 M | 142 M | 122 M | 122 M | - | 127 M | 116 M | 103 M | - | 105 M | 95.3 M | 85.8 M | - | 74.3 M | 69.3 M | 67.8 M | - | 67.1 M | 63.4 M | 59.4 M | - | 50.3 M | 47.7 M | 42.8 M | 124 M | 44.3 M | 42.8 M | 37.9 M | 103 M | 36.3 M | 37.9 M | 32.1 M | 92.1 M | 32.4 M | 32.1 M | 30.1 M | 89.1 M | 30.8 M | 30.1 M | 28.2 M | 72.5 M | 25.7 M | 28.2 M | 22.5 M | 58.7 M | 20.5 M | 22.5 M | 18.7 M | 55.9 M | 19.1 M | 18.7 M | 17.6 M | 48.1 M | 16.6 M | 17.6 M | 14.9 M | 15 K | 15 M | 14.9 M | 12.7 M | 50.9 M | 18.1 M | 13.4 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company IES Holdings (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.