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Side-by-side financial comparison of ABERCROMBIE & FITCH CO (ANF) and IES Holdings, Inc. (IESC). Click either name above to swap in a different company.

ABERCROMBIE & FITCH CO is the larger business by last-quarter revenue ($1.3B vs $871.0M, roughly 1.5× IES Holdings, Inc.). IES Holdings, Inc. runs the higher net margin — 10.5% vs 8.8%, a 1.8% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 6.8%). ABERCROMBIE & FITCH CO produced more free cash flow last quarter ($131.8M vs $-18.9M). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -5.8%).

Abercrombie & Fitch Co. (A&F) is an American lifestyle retailer founded in 1892, which focuses on contemporary clothing targeting customers in their early 20s to mid 40s. Headquartered in New Albany, Ohio, the company operates four offshoot brands: Abercrombie Kids, Your Personal Best, Hollister Co., and Gilly Hicks with 780+ company operated stores across its brands, as of Q4 2024.

IES Holdings, Inc., formerly known as Integrated Electrical Services, Inc., designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities.

ANF vs IESC — Head-to-Head

Bigger by revenue
ANF
ANF
1.5× larger
ANF
$1.3B
$871.0M
IESC
Growing faster (revenue YoY)
IESC
IESC
+9.4% gap
IESC
16.2%
6.8%
ANF
Higher net margin
IESC
IESC
1.8% more per $
IESC
10.5%
8.8%
ANF
More free cash flow
ANF
ANF
$150.7M more FCF
ANF
$131.8M
$-18.9M
IESC
Faster 2-yr revenue CAGR
IESC
IESC
Annualised
IESC
11.1%
-5.8%
ANF

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
ANF
ANF
IESC
IESC
Revenue
$1.3B
$871.0M
Net Profit
$113.0M
$91.8M
Gross Margin
62.5%
25.3%
Operating Margin
12.0%
11.2%
Net Margin
8.8%
10.5%
Revenue YoY
6.8%
16.2%
Net Profit YoY
-14.4%
59.1%
EPS (diluted)
$2.36
$4.51

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ANF
ANF
IESC
IESC
Q4 25
$1.3B
$871.0M
Q3 25
$1.2B
$897.8M
Q2 25
$1.1B
$890.2M
Q1 25
$1.6B
$834.0M
Q4 24
$1.2B
$749.5M
Q3 24
$1.1B
$775.8M
Q2 24
$1.0B
$768.4M
Q1 24
$1.5B
$705.7M
Net Profit
ANF
ANF
IESC
IESC
Q4 25
$113.0M
$91.8M
Q3 25
$141.4M
$102.3M
Q2 25
$80.4M
$79.3M
Q1 25
$187.2M
$72.6M
Q4 24
$132.0M
$57.7M
Q3 24
$133.2M
$65.5M
Q2 24
$113.8M
$66.6M
Q1 24
$158.4M
$56.8M
Gross Margin
ANF
ANF
IESC
IESC
Q4 25
62.5%
25.3%
Q3 25
62.6%
26.0%
Q2 25
62.0%
26.9%
Q1 25
25.0%
Q4 24
65.1%
23.8%
Q3 24
64.9%
24.0%
Q2 24
66.4%
25.3%
Q1 24
62.9%
24.3%
Operating Margin
ANF
ANF
IESC
IESC
Q4 25
12.0%
11.2%
Q3 25
17.1%
11.6%
Q2 25
9.3%
12.6%
Q1 25
16.2%
11.1%
Q4 24
14.8%
10.0%
Q3 24
15.5%
9.7%
Q2 24
12.7%
11.7%
Q1 24
15.3%
11.0%
Net Margin
ANF
ANF
IESC
IESC
Q4 25
8.8%
10.5%
Q3 25
11.7%
11.4%
Q2 25
7.3%
8.9%
Q1 25
11.8%
8.7%
Q4 24
10.9%
7.7%
Q3 24
11.7%
8.4%
Q2 24
11.2%
8.7%
Q1 24
10.9%
8.0%
EPS (diluted)
ANF
ANF
IESC
IESC
Q4 25
$2.36
$4.51
Q3 25
$2.91
$4.99
Q2 25
$1.59
$3.81
Q1 25
$3.55
$3.50
Q4 24
$2.50
$2.72
Q3 24
$2.50
$3.06
Q2 24
$2.14
$2.67
Q1 24
$2.97
$2.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANF
ANF
IESC
IESC
Cash + ST InvestmentsLiquidity on hand
$631.0M
$258.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$961.1M
Total Assets
$3.5B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANF
ANF
IESC
IESC
Q4 25
$631.0M
$258.7M
Q3 25
$603.5M
$231.8M
Q2 25
$607.6M
$168.3M
Q1 25
$888.9M
$88.3M
Q4 24
$738.9M
$112.0M
Q3 24
$738.4M
$135.8M
Q2 24
$864.2M
$44.9M
Q1 24
$900.9M
$106.0M
Stockholders' Equity
ANF
ANF
IESC
IESC
Q4 25
$1.3B
$961.1M
Q3 25
$1.3B
$884.0M
Q2 25
$1.2B
$781.4M
Q1 25
$1.3B
$705.8M
Q4 24
$1.2B
$652.4M
Q3 24
$1.2B
$611.1M
Q2 24
$1.1B
$567.5M
Q1 24
$1.0B
$534.8M
Total Assets
ANF
ANF
IESC
IESC
Q4 25
$3.5B
$1.7B
Q3 25
$3.3B
$1.6B
Q2 25
$3.1B
$1.5B
Q1 25
$3.3B
$1.4B
Q4 24
$3.3B
$1.3B
Q3 24
$3.0B
$1.2B
Q2 24
$3.0B
$1.2B
Q1 24
$3.0B
$1.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANF
ANF
IESC
IESC
Operating Cash FlowLast quarter
$200.1M
$27.7M
Free Cash FlowOCF − Capex
$131.8M
$-18.9M
FCF MarginFCF / Revenue
10.2%
-2.2%
Capex IntensityCapex / Revenue
5.3%
5.3%
Cash ConversionOCF / Net Profit
1.77×
0.30×
TTM Free Cash FlowTrailing 4 quarters
$384.5M
$175.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANF
ANF
IESC
IESC
Q4 25
$200.1M
$27.7M
Q3 25
$116.9M
$132.0M
Q2 25
$-4.0M
$92.0M
Q1 25
$307.6M
$24.8M
Q4 24
$142.6M
$37.3M
Q3 24
$165.1M
$92.8M
Q2 24
$95.0M
$82.9M
Q1 24
$303.3M
$33.7M
Free Cash Flow
ANF
ANF
IESC
IESC
Q4 25
$131.8M
$-18.9M
Q3 25
$50.7M
$112.0M
Q2 25
$-54.8M
$74.8M
Q1 25
$256.8M
$7.9M
Q4 24
$92.2M
$24.1M
Q3 24
$122.3M
$78.5M
Q2 24
$56.1M
$65.4M
Q1 24
$274.1M
$26.9M
FCF Margin
ANF
ANF
IESC
IESC
Q4 25
10.2%
-2.2%
Q3 25
4.2%
12.5%
Q2 25
-5.0%
8.4%
Q1 25
16.2%
0.9%
Q4 24
7.6%
3.2%
Q3 24
10.8%
10.1%
Q2 24
5.5%
8.5%
Q1 24
18.9%
3.8%
Capex Intensity
ANF
ANF
IESC
IESC
Q4 25
5.3%
5.3%
Q3 25
5.5%
2.2%
Q2 25
4.6%
1.9%
Q1 25
3.2%
2.0%
Q4 24
4.2%
1.8%
Q3 24
3.8%
1.8%
Q2 24
3.8%
2.3%
Q1 24
2.0%
1.0%
Cash Conversion
ANF
ANF
IESC
IESC
Q4 25
1.77×
0.30×
Q3 25
0.83×
1.29×
Q2 25
-0.05×
1.16×
Q1 25
1.64×
0.34×
Q4 24
1.08×
0.65×
Q3 24
1.24×
1.42×
Q2 24
0.83×
1.24×
Q1 24
1.91×
0.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANF
ANF

Hollister$673.3M52%
Abercrombie$617.3M48%
Gift Card$25.7M2%
Royalty$19.5M2%

IESC
IESC

Communications$351.9M40%
Single Family Electrical Contracts$137.0M16%
Custom Engineered Solutions$116.0M13%
Commercialand Industrial$94.8M11%
Single Family Contracts Plumbing HVAC$82.9M10%
Multi Familyand Other$64.2M7%
Industrial Services$24.2M3%

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