Filing Flows › IES Holdings (IESC) › Q3 FY26 › vs Q3 FY25
IES Holdings (IESC) Q3 FY26 vs Q3 FY25 (year over year)
IES Holdings's revenue rose $353M (+40%) from $890M in Q3 FY25 to $1.2B in Q3 FY26. The biggest changes: Communications +$154M (+51%); Commercial and Industrial +$126M (+109%); Infrastructure Solutions +$94.6M (+73%). Gross margin 27.4% against 26.9% (+0.5 pts).
IES Holdings, Q3 FY26: revenue $1.2B (+40% year over year), operating margin 14.4%, net earnings $153M, operating cash flow $108M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 27.4% | 26.9% | +0.5 pts |
| Operating margin | 14.4% | 12.6% | +1.8 pts |
| Net margin | 12.3% | 8.7% | +3.6 pts |
| Free cash flow margin | 5.1% | 8.4% | -3.3 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Communications | $453M | $299M | $154M | +51% |
| Residential | $324M | $346M | −$21.9M | -6% |
| Commercial and Industrial | $241M | $115M | $126M | +109% |
| Infrastructure Solutions | $224M | $129M | $94.6M | +73% |
| Revenue | $1.2B | $890M | $353M | +40% |
| Gross profit | $341M | $240M | $101M | +42% |
| Cost of revenue | $902M | $651M | $251M | +39% |
| Other income, net | $26.3M | −$3.2M | $29.4M | — |
| Operating profit | $179M | $112M | $66.6M | +60% |
| Operating expenses | $162M | $128M | $34.4M | +27% |
| Pre-tax earnings | $205M | $109M | $96.1M | +88% |
| Net earnings | $153M | $77.2M | $75.7M | +98% |
| Minority interests | $572K | $2.1M | −$1.5M | -72% |
| Income tax | $51.3M | $29.5M | $21.8M | +74% |
| Depreciation & amortization | $16.9M | $11.7M | $5.3M | +45% |
| Share-based compensation | $3.8M | $4.3M | −$514K | -12% |
| Working capital & other | $65.3M | $1.2M | $64.1M | 53× |
| Operating cash flow | $108M | $92.0M | $16.4M | +18% |
| Free cash flow (OCF − capex) | $63.8M | $74.8M | −$11.0M | -15% |
| Capital expenditures | $44.6M | $17.1M | $27.5M | +160% |
Questions
How much did IES Holdings's revenue grow year over year in Q3 FY26?
IES Holdings's revenue rose $353M (+40%) from $890M in Q3 FY25 to $1.2B in Q3 FY26.
What drove IES Holdings's revenue change in Q3 FY26?
Communications +$154M (+51%); Commercial and Industrial +$126M (+109%); Infrastructure Solutions +$94.6M (+73%).