IESC on Nasdaq

Integrated Electrical Services

Logo: Integrated Electrical Services, Public domain, via Wikimedia Commons4

Electric company

IES Holdings, Inc., formerly known as Integrated Electrical Services, Inc., designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. IES is headquartered in Houston, Texas and has 125+ locations with 8,000+ employees across the continental United States.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 16, 2026.

Overview

$3.4BRevenue, fiscal 20255
$306.0MNet income, fiscal 20255

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  • TickerIESC on Nasdaq1
  • Industryconstruction1
  • HeadquartersHouston1
  • Websitewww.ies-co.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address13131 Dairy Ashford Road, Suite 500, Houston, Tx 774786
  • Filer categoryLarge accelerated filer6

IES Holdings, Inc., formerly known as Integrated Electrical Services, Inc., designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

25.5%Gross margin5
11.4%Operating margin5
9.1%Net margin5
16.9%Revenue growth, 20255
34.6%Return on equity5
0.00×Debt to equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Residential brought in 39% of the revenue Integrated Electrical Services broke down this way in fiscal 2025.

  1. Residential$1.3B539%down 6% from 2024
  2. Communications$1.1B534%up 47% from 2024
  3. Infrastructure Solutions$498.7M515%up 42% from 2024
  4. Commercial and Industrial$427.7M513%up 16% from 2024
Business segments by year
Business segments202320242025
Residential$1.3B$1.4B$1.3B
Communications$600.8M$776.5M$1.1B
Infrastructure Solutions$217.4M$351.1M$498.7M
Commercial and Industrial$279.6M$367.9M$427.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue74¢$2.5B
  • Selling, general and admin14¢$475.0M
  • Interest0¢$1.8M
  • Income tax3¢$96.8M
  • Profit9¢$306.0M

Out of $3.4B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks15¢$41.6M
  • Kept or used elsewhere85¢$244.5M

Out of $286.1M of cash from operations.5

Financial statements

Revenue891011125$3.4B in 2025+285% since 2018
0$1.0B$2.0B$3.0B$4.0B2018: $876.8M$876.8M20182019: $1.1B$1.1B2019+23%2020: $1.2B$1.2B2020+11%2021: $1.5B$1.5B2021+29%2022: $2.2B$2.2B2022+41%2023: $2.4B$2.4B2023+10%2024: $2.9B$2.9B2024+21%2025: $3.4B$3.4B2025+17%
Gross profit891011125$859.5M in 2025+473% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $150.0M$150.0M20182019: $182.1M$182.1M2019+21%2020: $228.0M$228.0M2020+25%2021: $288.0M$288.0M2021+26%2022: $318.9M$318.9M2022+11%2023: $444.5M$444.5M2023+39%2024: $696.6M$696.6M2024+57%2025: $859.5M$859.5M2025+23%
Operating income891011125$383.5M in 2025+1378% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $26.0M$26.0M20182019: $41.9M$41.9M2019+61%2020: $50.1M$50.1M2020+20%2021: $85.6M$85.6M2021+71%2022: $56.0M$56.0M2022−35%2023: $159.8M$159.8M2023+185%2024: $300.9M$300.9M2024+88%2025: $383.5M$383.5M2025+27%
Net income891011125$306.0M in 2025
-$100.0M0$100.0M$200.0M$300.0M$400.0M2018: -$14.2M-$14.2M20182019: $33.2M$33.2M20192020: $41.6M$41.6M2020+25%2021: $66.7M$66.7M2021+60%2022: $34.8M$34.8M2022−48%2023: $108.3M$108.3M2023+212%2024: $219.1M$219.1M2024+102%2025: $306.0M$306.0M2025+40%

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-09-302024-09-302023-09-30
Revenues$3.4B$2.9B$2.4B
Cost of services$2.5B$2.2B$1.9B
Gross profit$859.5M$696.6M$444.5M
Selling, general and administrative expenses$475.0M$396.7M$298.6M
Contingent consideration$1.1M$714.0K$277.0K
Loss (gain) on sale of assets-$155.0K-$1.7M-$14.1M
Operating income$383.5M$300.9M$159.8M
Interest Expense$1.8M$1.3M$3.0M
Other (income) expense, net-$12.2M-$5.1M-$1.8M
Provision for income taxes$96.8M$72.2M$38.8M
Net income (loss)$311.8M$232.5M$119.8M
Net Income (Loss) Attributable to Noncontrolling Interest-$5.9M-$13.4M-$11.5M
Comprehensive income (loss) attributable to IES Holdings, Inc.$306.0M$219.1M$108.3M
Earnings (loss) per share, basic$15.22$10.02$4.58
Earnings (loss) per share, diluted$15.02$9.89$4.54
Weighted Average Number of Shares Outstanding, Basic19.9M shares20.2M shares20.2M shares
Weighted Average Number of Shares Outstanding, Diluted20.2M shares20.4M shares20.4M shares
Income (Loss) from Equity Method Investments-$14.8M$0$0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest$393.9M$304.7M$158.5M

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The story

June 26, 1997 incorporates as Integrated Electrical Services Incorporated.

January 27, 1998, Integrated Electrical Services began trading with the symbol (IEE) on the New York Stock Exchange.

In 2002 Integrated Electrical Services was ranked as the largest electrical contractor in the United States, with $1.475 billion in revenue.

In February 2006, Integrated Electrical Services filed for chapter 11 bankruptcy and in the same year, three months later, emerged.

February 28, 2011 Integrated Electrical Services sold its subsidiary Key Electrical Supply Inc. to Elliott Electric Supply Inc.

In July 2020, Integrated Electrical Services was listed as number five on Houston Chronicle's "list of the region's 100 best performing public companies".

From Wikipedia’s article on Integrated Electrical Services, shared under CC BY-SA 4.0.7

Products and brands

Infrastructure Solutions – Electro-mechanical

Communications – Technology services to corporations.

Residential – Electrical services to multi and single family type housing.

Industrial & Commercial – Design, construct and maintain industrial and commercial type of operations.

From Wikipedia’s article on Integrated Electrical Services, shared under CC BY-SA 4.0.7

Former names

  • Integrated Electrical Services, Inc.Jan 9, 2015 to May 16, 20166
  • INTEGRATED ELECTRICAL SERVICES INCDec 11, 1997 to Jan 6, 20156

Timeline

  1. May 15, 2006Went public Listed on NASDAQ1

Recent filings

  1. Oct 6, 20268-K
  2. Oct 6, 2026SCHEDULE 13D/A
  3. Oct 2, 20264
  4. Oct 2, 20264
  5. Oct 2, 20264
  6. Oct 2, 20264
  7. Oct 2, 20264
  8. Oct 2, 20264
  9. Oct 2, 20264/A
  10. Aug 14, 202613F-HR
  11. Aug 11, 20268-K
  12. Jul 31, 202610-Q
  13. Jul 31, 20268-K
  14. Jul 6, 20264
  15. Jul 6, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2