IES Holdings Inc. Common Stock (IESC)

FairStock Score: 63/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

In fiscal Q3 2026, the quarter ended 2026-06-30, IES reported revenue of $1.2B and net income of $153.5M, compared with revenue of $890.2M and net income of $79.3M in fiscal Q3 2025, the quarter ended 2025-06-30. For FY2025, period ended 2025-09-30, revenue was $3.4B and net income $306.0M, up from FY2024 revenue $2.9B and net income $219.1M, and FY2023 revenue $2.4B and net income $108.3M. That is real operating momentum. The balance sheet looks conservative: debt-to-equity 0.06, Altman Z-Score 5.04, Piotroski F-Score 7/9, ROE 44.52%, ROCE 16.47%. Trailing free cash flow is $228.4M, a 4.1% FCF yield. But at the close on 2026-10-13, the price was $280.04, market cap $5.6B. FairStock calculations put P/E at 24.91, P/B at 9.08, and Graham Number at $88.33, giving a margin of safety of -217.04%; that is a large premium to defensive asset value. PEG 0.25 and EV/EBITDA 8.73 suggest the growth may not be irrationally priced if it persists. IES is an electrical and communications infrastructure installer; the work is skilled but competitive, not a classic wide-moat franchise. Beta 1.78 and a 52-week range of $272.95-$816.51 confirm volatility. As a Graham-Buffett investor, I see a well-financed fast grower whose current price already reflects much of the good news. I would watch whether the growth converts into durable cash returns.

In plain English: IES Holdings designs and installs electrical and technology systems, including communications infrastructure for data centers and other buildings. The business has been growing quickly and is very profitable with little debt, but the stock price is high compared with the company's accounting value and a conservative value estimate. At the close on 2026-10-13, the price looks expensive versus those value measures, even though recent results are strong.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer