IES Holdings, Inc. (IESC) FY2025 10-K Annual Report
IES Holdings, Inc. (IESC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 21, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
IES Holdings, Inc. FY2025 10-K Analysis
Business Overview
- • Core business model: Integrated electrical contracting and engineering services across Communications, Residential, Infrastructure Solutions, and Commercial & Industrial segments
- • Emphasis on Communications segment growth with 46.9% revenue increase driven by data center, high-tech manufacturing, and e-commerce customers
- • Strategic focus shift: Scaling Infrastructure Solutions capacity via acquisitions and investments, e.g., full-year impact of Greiner Industries acquisition
- • Quantitative highlight: Consolidated revenues up 16.9% YoY to $3.37B with gross margin expansion to 25.5% from 24.2% in prior year
- • Noteworthy fact: Record backlog across segments entering fiscal 2026, constrained by labor availability and capacity despite strong demand
Management Discussion & Analysis
- • No revenue or YoY change figures disclosed in the provided MD&A text
- • No profitability or margin % figures provided in the text
- • Segment operating details limited to employee count and office numbers; no performance or financial data given
- • Cash flow, buybacks, dividends, and capex details not included in this section
- • Management highlights focus on human capital, safety, climate risk monitoring, and geographic diversity; no explicit future financial guidance or key risk quantified
Risk Factors
- • Commodity price volatility in copper, aluminum, steel, electrical components, fuel, plastics impacting fixed-price contracts
- • Marketable securities investment fair value $104.6 million, 10% market change affects pre-tax income by $10.5 million
- • Floating rate debt tied to SOFR exposes interest expense to increases, no interest rate hedging in place
- • No borrowings outstanding under revolving credit facility as of September 30, 2025, limiting immediate leverage risk
IES Holdings, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$3.4B
▲ +16.9% YoY
Net Income
$306M
▲ +39.6% YoY
Gross Margin
25.5%
▲ +134bp YoY
Operating Margin
11.4%
▲ +94bp YoY
Net Margin
9.1%
▲ +148bp YoY
ROE
34.6%
▼ -124bp YoY
Total Assets
$1.6B
▲ +28.3% YoY
EPS (Diluted)
$15.02
▲ +51.9% YoY
Operating Cash Flow
$286M
▲ +22.1% YoY
Source: XBRL data from IES Holdings, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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