Filing Flows

Filing Flows › IES Holdings (IESC) › How it makes money

How IES Holdings (IESC) makes money

IES Holdings (IESC) made $1.2B of revenue in the third quarter fiscal 2026 (Q3 FY26), +40% from a year earlier. Communications brought in $453M (36%); Residential brought in $324M (26%); Commercial and Industrial brought in $241M (19%). Of every dollar of revenue, 27¢ was left as gross profit, 14¢ was left as operating profit, 12¢ was left as net earnings.

Drawing the Sankey…

IES Holdings revenue by segment, Q3 FY26IES Holdings revenue by segment, Q3 FY26Communications$453MResidential$324MCommercial and Industrial$241MInfrastructure Solutions$224M
IES Holdings: revenue by line, Q4 FY24 to Q3 FY26IES Holdings: revenue by line, Q4 FY24 to Q3 FY26CommunicationsResidentialInfrastructure Soluti…Commercial and Indust…Communications: $453M latest$453MResidential: $324M latest$324MInfrastructure Solutions: $224M latest$224MCommercial and Industrial: $241M latest$241MQ4 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Residential went from 46% of revenue in Q4 FY24 to 26% in Q3 FY26, the largest shift in the mix.
IES Holdings revenue by quarterIES Holdings revenue by quarter$776MQ4 FY24$834MQ2 FY25$890MQ3 FY25$898MQ4 FY25$871MQ1 FY26$974MQ2 FY26$1.2BQ3 FY26
IES Holdings: where each dollar of revenue goesIES Holdings: where each dollar of revenue goesCost of revenue73¢Gross profit27¢Operating expenses13¢Operating profit14¢Income tax4¢Net earnings12¢Operating cash flow9¢Free cash flow5¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
Communications$453M36.5%+23%+51%
Residential$324M26.1%+13%-6%
Commercial and Industrial$241M19.4%+91%+109%
Infrastructure Solutions$224M18.0%+16%+73%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$1.2B100.0%
Cost of revenue$902M72.6%
Gross profit$341M27.4%
Operating expenses$162M13.0%
Operating profit$179M14.4%
Income tax$51.3M4.1%
Net earnings$153M12.3%
Operating cash flow$108M8.7%
Free cash flow$63.8M5.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$1.2B+40%
Q2 FY26$974M+17%
Q1 FY26$871M+16%
Q4 FY25$898M+16%
Q3 FY25$890M+16%
Q2 FY25$834M+18%
Q4 FY24$776M+20%

From IES Holdings' 10-Q filed Jul 31, 2026 (on EDGAR).

Questions

How does IES Holdings make money?

IES Holdings (IESC) made $1.2B of revenue in the third quarter fiscal 2026 (Q3 FY26), +40% from a year earlier. Communications brought in $453M (36%); Residential brought in $324M (26%); Commercial and Industrial brought in $241M (19%). Of every dollar of revenue, 27¢ was left as gross profit, 14¢ was left as operating profit, 12¢ was left as net earnings.

What is IES Holdings' biggest business?

Communications: $453M in the third quarter fiscal 2026, 36% of revenue, +51% from a year earlier.

What is IES Holdings' profit margin?

Net earnings were $153M, 12.3% of revenue, in the third quarter fiscal 2026; the operating margin was 14.4%.

Open the interactive view →

Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.