Filing Flows › IES Holdings (IESC) › Q4 FY25
IES Holdings (IESC) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 21, 2025
IES Holdings (IESC) reported revenue of $898M for the fourth quarter fiscal 2025 (Q4 FY25), +16% from a year earlier and +0.9% from the quarter before. Operating margin was 11.6%, net earnings $102M (11.3% of revenue).
IES Holdings, Q4 FY25: revenue $898M (+16% year over year), operating margin 11.6%, net earnings $102M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $898M | +0.9% | +16% |
| Gross profit | $233M | -3% | +25% |
| Operating profit | $104M | -7% | +39% |
| Net earnings | $102M | +32% | +61% |
| Operating cash flow | $132M | +43% | +42% |
| Free cash flow | $112M | +50% | +43% |
What changed
Revenue was $897.8M in Q4 FY25, up 16% year over year and up 1% from the previous quarter. Communications was the largest line at 37% of revenue.
Gross margin was 26.0%, up 1.9 points from Q4 FY24. Operating profit was $104.3M, a 11.6% margin (up 2.0 points year over year). Of the extra revenue versus Q4 FY24, 24% reached operating profit, above the 10% margin then. Operating expenses grew 16% against revenue growth of 16%. Net earnings were $101.8M, up 61% year over year. The effective tax rate was 17.2%.
Operating cash flow was $132.0M (up 42% year over year), 129% of net earnings. Non-cash charges added back $12.2M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $14.0M. Capital expenditures of $20.0M left free cash flow of $112.0M.
Questions
What was IES Holdings' revenue in the fourth quarter fiscal 2025?
IES Holdings (IESC) reported revenue of $898M for the fourth quarter fiscal 2025 (Q4 FY25), +16% from a year earlier and +0.9% from the quarter before.
Was IES Holdings profitable in the fourth quarter fiscal 2025?
Operating profit was $104M (11.6% of revenue) and net earnings $102M.
Source: IES Holdings 10-K on SEC EDGAR.