Is the business good?
How good a business is IESC?
IES Holdings, Inc. earns 40% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
40%
Return on invested capital · cost of capital 9.0% · 31 points above what the capital costs: growth creates value
- Operating margin
- 12%
Operating margin · Engineering & Construction median 7.4% · 12 months to Q2 2026
- Share count, year on year
- −0.13%
Share count, year on year · flat: no meaningful dilution
- Gross margin
- 26%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 4.2% |
| FY2021 | 5.6% |
| FY2022 | 2.6% |
| FY2023 | 6.7% |
| FY2024 | 10% |
| FY2025 | 11% |
Details›
- Gross margin12 months to Q2 2026
- 26%
- Operating margin12 months to Q2 2026
- 12%
- Free cash flow margin
- 6.6%
- Revenue, trailing twelve months
- $3.63B
- Free cash flow, trailing twelve months
- $239M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 40%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Engineering & Construction
Ranks #6 of 27 by Smart Score