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Side-by-side financial comparison of AMDOCS LTD (DOX) and IES Holdings, Inc. (IESC). Click either name above to swap in a different company.

AMDOCS LTD is the larger business by last-quarter revenue ($1.3B vs $871.0M, roughly 1.4× IES Holdings, Inc.). AMDOCS LTD runs the higher net margin — 11.2% vs 10.5%, a 0.7% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 1.1%). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 4.5%).

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

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.

DOX vs IESC — Head-to-Head

Bigger by revenue
DOX
DOX
1.4× larger
DOX
$1.3B
$871.0M
IESC
Growing faster (revenue YoY)
IESC
IESC
+15.1% gap
IESC
16.2%
1.1%
DOX
Higher net margin
DOX
DOX
0.7% more per $
DOX
11.2%
10.5%
IESC
Faster 2-yr revenue CAGR
IESC
IESC
Annualised
IESC
11.1%
4.5%
DOX

Income Statement — Q3 FY2024 vs Q1 FY2026

Metric
DOX
DOX
IESC
IESC
Revenue
$1.3B
$871.0M
Net Profit
$140.3M
$91.8M
Gross Margin
25.3%
Operating Margin
14.1%
11.2%
Net Margin
11.2%
10.5%
Revenue YoY
1.1%
16.2%
Net Profit YoY
-12.0%
59.1%
EPS (diluted)
$1.21
$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
DOX
DOX
IESC
IESC
Q4 25
$871.0M
Q3 25
$897.8M
Q2 25
$890.2M
Q1 25
$834.0M
Q4 24
$749.5M
Q3 24
$775.8M
Q2 24
$1.3B
$768.4M
Q1 24
$1.2B
$705.7M
Net Profit
DOX
DOX
IESC
IESC
Q4 25
$91.8M
Q3 25
$102.3M
Q2 25
$79.3M
Q1 25
$72.6M
Q4 24
$57.7M
Q3 24
$65.5M
Q2 24
$140.3M
$66.6M
Q1 24
$118.5M
$56.8M
Gross Margin
DOX
DOX
IESC
IESC
Q4 25
25.3%
Q3 25
26.0%
Q2 25
26.9%
Q1 25
25.0%
Q4 24
23.8%
Q3 24
24.0%
Q2 24
25.3%
Q1 24
24.3%
Operating Margin
DOX
DOX
IESC
IESC
Q4 25
11.2%
Q3 25
11.6%
Q2 25
12.6%
Q1 25
11.1%
Q4 24
10.0%
Q3 24
9.7%
Q2 24
14.1%
11.7%
Q1 24
12.5%
11.0%
Net Margin
DOX
DOX
IESC
IESC
Q4 25
10.5%
Q3 25
11.4%
Q2 25
8.9%
Q1 25
8.7%
Q4 24
7.7%
Q3 24
8.4%
Q2 24
11.2%
8.7%
Q1 24
9.5%
8.0%
EPS (diluted)
DOX
DOX
IESC
IESC
Q4 25
$4.51
Q3 25
$4.99
Q2 25
$3.81
Q1 25
$3.50
Q4 24
$2.72
Q3 24
$3.06
Q2 24
$1.21
$2.67
Q1 24
$1.01
$2.29

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOX
DOX
IESC
IESC
Q4 25
$258.7M
Q3 25
$231.8M
Q2 25
$168.3M
Q1 25
$88.3M
Q4 24
$112.0M
Q3 24
$135.8M
Q2 24
$44.9M
Q1 24
$106.0M
Stockholders' Equity
DOX
DOX
IESC
IESC
Q4 25
$961.1M
Q3 25
$884.0M
Q2 25
$781.4M
Q1 25
$705.8M
Q4 24
$652.4M
Q3 24
$611.1M
Q2 24
$567.5M
Q1 24
$534.8M
Total Assets
DOX
DOX
IESC
IESC
Q4 25
$1.7B
Q3 25
$1.6B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$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
DOX
DOX
IESC
IESC
Operating Cash FlowLast quarter
$27.7M
Free Cash FlowOCF − Capex
$-18.9M
FCF MarginFCF / Revenue
-2.2%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
0.30×
TTM Free Cash FlowTrailing 4 quarters
$175.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOX
DOX
IESC
IESC
Q4 25
$27.7M
Q3 25
$132.0M
Q2 25
$92.0M
Q1 25
$24.8M
Q4 24
$37.3M
Q3 24
$92.8M
Q2 24
$82.9M
Q1 24
$33.7M
Free Cash Flow
DOX
DOX
IESC
IESC
Q4 25
$-18.9M
Q3 25
$112.0M
Q2 25
$74.8M
Q1 25
$7.9M
Q4 24
$24.1M
Q3 24
$78.5M
Q2 24
$65.4M
Q1 24
$26.9M
FCF Margin
DOX
DOX
IESC
IESC
Q4 25
-2.2%
Q3 25
12.5%
Q2 25
8.4%
Q1 25
0.9%
Q4 24
3.2%
Q3 24
10.1%
Q2 24
8.5%
Q1 24
3.8%
Capex Intensity
DOX
DOX
IESC
IESC
Q4 25
5.3%
Q3 25
2.2%
Q2 25
1.9%
Q1 25
2.0%
Q4 24
1.8%
Q3 24
1.8%
Q2 24
2.3%
Q1 24
1.0%
Cash Conversion
DOX
DOX
IESC
IESC
Q4 25
0.30×
Q3 25
1.29×
Q2 25
1.16×
Q1 25
0.34×
Q4 24
0.65×
Q3 24
1.42×
Q2 24
1.24×
Q1 24
0.59×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOX
DOX

Segment breakdown not available.

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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