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Side-by-side financial comparison of Global-E Online Ltd. (GLBE) and IES Holdings, Inc. (IESC). Click either name above to swap in a different company.
IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $625.5M, roughly 1.4× Global-E Online Ltd.). IES Holdings, Inc. runs the higher net margin — 10.5% vs 0.9%, a 9.6% gap on every dollar of revenue.
Global-E Online Ltd. operates a leading cross-border e-commerce enablement platform that helps direct-to-consumer brands and retail enterprises expand their international sales reach. It offers end-to-end services including localized checkout, payment processing, customs clearance, logistics coordination, and duty calculation, serving clients across North America, Europe, and the Asia-Pacific region.
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.
GLBE vs IESC — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $625.5M | $871.0M |
| Net Profit | $5.8M | $91.8M |
| Gross Margin | 45.0% | 25.3% |
| Operating Margin | 1.3% | 11.2% |
| Net Margin | 0.9% | 10.5% |
| Revenue YoY | — | 16.2% |
| Net Profit YoY | — | 59.1% |
| EPS (diluted) | — | $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.
| Q4 25 | — | $871.0M | ||
| Q3 25 | $625.5M | $897.8M | ||
| Q2 25 | $404.8M | $890.2M | ||
| Q1 25 | $189.9M | $834.0M | ||
| Q4 24 | — | $749.5M | ||
| Q3 24 | $489.9M | $775.8M | ||
| Q2 24 | $313.9M | $768.4M | ||
| Q1 24 | $145.9M | $705.7M |
| Q4 25 | — | $91.8M | ||
| Q3 25 | $5.8M | $102.3M | ||
| Q2 25 | $-7.4M | $79.3M | ||
| Q1 25 | — | $72.6M | ||
| Q4 24 | — | $57.7M | ||
| Q3 24 | $-77.1M | $65.5M | ||
| Q2 24 | $-54.5M | $66.6M | ||
| Q1 24 | — | $56.8M |
| Q4 25 | — | 25.3% | ||
| Q3 25 | 45.0% | 26.0% | ||
| Q2 25 | 44.9% | 26.9% | ||
| Q1 25 | 44.3% | 25.0% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | 45.1% | 24.0% | ||
| Q2 24 | 44.8% | 25.3% | ||
| Q1 24 | 43.4% | 24.3% |
| Q4 25 | — | 11.2% | ||
| Q3 25 | 1.3% | 11.6% | ||
| Q2 25 | -2.1% | 12.6% | ||
| Q1 25 | -10.1% | 11.1% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | -14.9% | 9.7% | ||
| Q2 24 | -16.6% | 11.7% | ||
| Q1 24 | -20.1% | 11.0% |
| Q4 25 | — | 10.5% | ||
| Q3 25 | 0.9% | 11.4% | ||
| Q2 25 | -1.8% | 8.9% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | -15.7% | 8.4% | ||
| Q2 24 | -17.4% | 8.7% | ||
| Q1 24 | — | 8.0% |
| 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 | — | $2.67 | ||
| Q1 24 | — | $2.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $251.4M | $258.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $933.0M | $961.1M |
| Total Assets | $1.3B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $258.7M | ||
| Q3 25 | $251.4M | $231.8M | ||
| Q2 25 | $205.2M | $168.3M | ||
| Q1 25 | $207.7M | $88.3M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | $207.3M | $135.8M | ||
| Q2 24 | $229.8M | $44.9M | ||
| Q1 24 | $181.9M | $106.0M |
| Q4 25 | — | $961.1M | ||
| Q3 25 | $933.0M | $884.0M | ||
| Q2 25 | $909.1M | $781.4M | ||
| Q1 25 | $884.3M | $705.8M | ||
| Q4 24 | — | $652.4M | ||
| Q3 24 | $869.4M | $611.1M | ||
| Q2 24 | $878.7M | $567.5M | ||
| Q1 24 | $886.9M | $534.8M |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $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 | | |
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
GLBE
Segment breakdown not available.
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
