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IES Holdings, Inc. IESC Commercial and Industrial — Cost of Services

Other segment segments

Communications
$273.97M+30.5%
Residential
$225.82M-5.2%
Infrastructure Solutions
$129.33M+65.1%
Corporate Segment
$0

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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$15.15B+139%
Enterprise value$15.21B+141%
P/E40.1×+15.9×
P/S4.2×+2.2×

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:CostOfGoodsAndServicesSold.

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
Revenues$367,696$287,616$192,448$126,524$974,284
Cost of services273,970225,820129,32890,379719,497
Gross profit93,72661,79663,12036,145254,787
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:

Item 1. Financial Statements

FAQ

What is IES Holdings, Inc.'s commercial and industrial — cost of services?
IES Holdings, Inc. (IESC) reported commercial and industrial — cost of services of $90.38M in Q1 2026.
How has IES Holdings, Inc.'s commercial and industrial — cost of services changed year-over-year?
IES Holdings, Inc.'s commercial and industrial — cost of services decreased by 8.2% year-over-year, from $98.51M to $90.38M.
What is the long-term trend for IES Holdings, Inc.'s commercial and industrial — cost of services?
Over 4 years (2021 to 2025), IES Holdings, Inc.'s commercial and industrial — cost of services has grown at a 10.6% compound annual growth rate (CAGR), from $227.7M to $340.81M.
What does commercial and industrial — cost of services mean?
Direct costs associated with delivering electrical and technology services, including labor, materials, and equipment rentals for commercial projects. This represents the primary variable costs required to fulfill contractual obligations within the segment.

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