Fundamentals Hub
▼ FY 2025 Summary Analysis
Annual report ending Sep 30, 2025Overview and Growth
In fiscal 2025, IES Holdings, Inc. recorded $3.37B of revenue, net income of $305.98M, and an operating cash inflow of $286.10M. The $3.37B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $2.88B in fiscal 2024, revenue recorded a 16.9% year-over-year increase. The company reported diluted EPS of $15.02, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 51.9% increase from fiscal 2024 diluted EPS of $9.89. Asset turnover was 2.11x, relating the company’s annual revenue directly to the total assets reported at the period end.Profitability
After reported cost of revenue, the company retained $859.50M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 25.5% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $383.53M of income after the reported operating expense base, before the remaining non-operating and tax effects. The operating result equaled 11.4% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $305.98M for the fiscal year. Net margin was 9.1%, meaning that this portion of revenue remained as net income after all recognized expenses. The company recognized $96.81M of income tax for the period, completing the transition from pretax income to net income. Return on period-end equity was 34.6%, relating annual net income to the equity capital on the balance sheet. Net income represented 19.2% of period-end assets, placing the company’s bottom-line result against the total resource base employed.Liquidity and Capital Structure
Total assets were $1.60B, supported by $707.70M of liabilities and $883.96M of shareholder equity. The near-term balance sheet paired $1.09B of current assets with $633.43M of current liabilities at the reporting date. At 1.71x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $127.17M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 20.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $0.00, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.0x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 0.0%, comparing borrowing with the total asset balance. Liabilities represented 44.4% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 8.0%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 28.3% from $1.24B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 44.6% from $611.11M in fiscal 2024, placing the current capital base higher year over year.Cash Flow and Earnings Quality
The company reported $286.10M of operating cash flow, a cash inflow that shows the cash generated by operations. Against net income, operating cash flow measured 0.94x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $67.25M of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 23.5%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $218.84M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 6.5%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 13.7%, showing the cash productivity of the company’s assets.
Based on the annual report for the fiscal year ending Sep 30, 2025.
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