IESCIES Holdings, Inc.
Is the business good?
A genuinely good business: earnings fully cash-backed (1.0×) and margins widening.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is IESC?
IES Holdings, Inc. earns 46% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 37 points above what the capital costs: growth creates value
- Operating margin
- 12%
Operating margin · Engineering & Construction median 7.5% · 12 months to Q3 2026
- Cash conversion
- 0.95×
Cash conversion · 0.93× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +0.46%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 4.2% |
| FY2021 | 5.6% |
| FY2022 | 2.6% |
| FY2023 | 6.7% |
| FY2024 | 10% |
| FY2025 | 11% |
Details›
- Gross margin12 months to Q3 2026
- 26%
- Operating margin12 months to Q3 2026
- 12%
- Free cash flow margin
- 5.7%
- Revenue, trailing twelve months
- $3.99B
- Free cash flow, trailing twelve months
- $228M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 46%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Engineering & Construction
Ranks #7 of 25 by RyuScore