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IES Holdings, Inc. IESC Commercial and Industrial — CapEx

Other segment segments

Communications
$22.3M+250%
Infrastructure Solutions
$4.62M+54.0%
Residential
$1.36M-63.7%
Corporate Segment
$44K-97.4%

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Other financials

Income statement

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Revenue$974.3M+16.8%
Gross profit$254.8M+22.0%
Operating income$112.3M+21.1%
Net income$110.3M+52.0%
EPS (diluted)$5.44+55.4%

Balance sheet

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Cash & equivalents$48.7M+117%
Total debt$107.4M+108%
Total equity$1.1B+52.0%
Total assets$2.0B+46.1%

Cash flow

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Operating cash flow$103.3M+316%
CapEx$31.8M+87.8%
Free cash flow$71.5M+805%

Valuation

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Market cap$15.62B+139%
Enterprise value$15.68B+141%
P/E41.4×+16.4×
P/S4.3×+2.3×

Profitability

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Gross margin26.1%+1.5pp
Operating margin11.7%+1.1pp
Net margin10.4%+2.4pp
FCF margin6.6%+1.0pp

Returns & leverage

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Return on equity42.5%+2.3pp
Debt / equity0.1×0.0×
Current ratio1.6×-0.1×

Where this comes from

Reported directly by IES Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The source filing: IES Holdings, Inc.’s 10-Q, filed May 1, 2026.

Filed
Apr 30, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0001048268-26-000086
Line itemCommunicationsResidentialInfrastructure SolutionsCommercial & IndustrialCorporateTotal
Selling, general and administrative32,56755,37521,05014,75118,699142,442
Contingent consideration129129
Gain on sale of assets(1)(3)(2)(33)(39)
Operating income (loss)$61,160$6,424$41,943$21,427$(18,699)$112,255
Other data:
Depreciation and amortization expense$1,836$6,363$6,482$1,059$351$16,091
Capital expenditures$22,296$1,361$4,617$3,515$44$31,833
Total assets$472,610$342,980$582,557$220,919$374,972$1,994,038

Item 1. Financial Statements

FAQ

What is IES Holdings, Inc.'s commercial and industrial — capex?
IES Holdings, Inc. (IESC) reported commercial and industrial — capex of $3.52M in Q1 2026.
How has IES Holdings, Inc.'s commercial and industrial — capex changed year-over-year?
IES Holdings, Inc.'s commercial and industrial — capex increased by 63.6% year-over-year, from $2.15M to $3.52M.
What is the long-term trend for IES Holdings, Inc.'s commercial and industrial — capex?
Over 4 years (2021 to 2025), IES Holdings, Inc.'s commercial and industrial — capex has grown at a 67.0% compound annual growth rate (CAGR), from $1.45M to $11.3M.
What does commercial and industrial — capex mean?
Funds used by the commercial and industrial segment to acquire, upgrade, or maintain physical assets such as machinery, tools, and vehicles. This represents the investment in the infrastructure necessary to sustain or grow future operations.

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