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Side-by-side financial comparison of Host Hotels & Resorts (HST) and IES Holdings, Inc. (IESC). Click either name above to swap in a different company.

Host Hotels & Resorts is the larger business by last-quarter revenue ($1.6B vs $871.0M, roughly 1.8× IES Holdings, Inc.). IES Holdings, Inc. runs the higher net margin — 10.5% vs 8.4%, a 2.1% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 12.3%). Host Hotels & Resorts produced more free cash flow last quarter ($445.0M vs $-18.9M). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 4.4%).

Host Hotels & Resorts, Inc., based in Bethesda, Maryland, is an American real estate investment trust that invests in hotels. As of December 31, 2024, the company owned 81 upscale hotels containing about 43,400 rooms in the United States, Brazil, and Canada.

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.

HST vs IESC — Head-to-Head

Bigger by revenue
HST
HST
1.8× larger
HST
$1.6B
$871.0M
IESC
Growing faster (revenue YoY)
IESC
IESC
+3.9% gap
IESC
16.2%
12.3%
HST
Higher net margin
IESC
IESC
2.1% more per $
IESC
10.5%
8.4%
HST
More free cash flow
HST
HST
$463.9M more FCF
HST
$445.0M
$-18.9M
IESC
Faster 2-yr revenue CAGR
IESC
IESC
Annualised
IESC
11.1%
4.4%
HST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HST
HST
IESC
IESC
Revenue
$1.6B
$871.0M
Net Profit
$135.0M
$91.8M
Gross Margin
25.3%
Operating Margin
12.0%
11.2%
Net Margin
8.4%
10.5%
Revenue YoY
12.3%
16.2%
Net Profit YoY
25.0%
59.1%
EPS (diluted)
$0.20
$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
HST
HST
IESC
IESC
Q4 25
$1.6B
$871.0M
Q3 25
$1.3B
$897.8M
Q2 25
$1.6B
$890.2M
Q1 25
$1.6B
$834.0M
Q4 24
$1.4B
$749.5M
Q3 24
$1.3B
$775.8M
Q2 24
$1.5B
$768.4M
Q1 24
$1.5B
$705.7M
Net Profit
HST
HST
IESC
IESC
Q4 25
$135.0M
$91.8M
Q3 25
$161.0M
$102.3M
Q2 25
$221.0M
$79.3M
Q1 25
$248.0M
$72.6M
Q4 24
$108.0M
$57.7M
Q3 24
$82.0M
$65.5M
Q2 24
$239.0M
$66.6M
Q1 24
$268.0M
$56.8M
Gross Margin
HST
HST
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
HST
HST
IESC
IESC
Q4 25
12.0%
11.2%
Q3 25
7.6%
11.6%
Q2 25
17.5%
12.6%
Q1 25
17.9%
11.1%
Q4 24
11.0%
10.0%
Q3 24
10.2%
9.7%
Q2 24
19.9%
11.7%
Q1 24
19.8%
11.0%
Net Margin
HST
HST
IESC
IESC
Q4 25
8.4%
10.5%
Q3 25
12.1%
11.4%
Q2 25
13.9%
8.9%
Q1 25
15.6%
8.7%
Q4 24
7.6%
7.7%
Q3 24
6.2%
8.4%
Q2 24
16.3%
8.7%
Q1 24
18.2%
8.0%
EPS (diluted)
HST
HST
IESC
IESC
Q4 25
$0.20
$4.51
Q3 25
$0.23
$4.99
Q2 25
$0.32
$3.81
Q1 25
$0.35
$3.50
Q4 24
$0.15
$2.72
Q3 24
$0.12
$3.06
Q2 24
$0.34
$2.67
Q1 24
$0.38
$2.29

Balance Sheet & Financial Strength

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

Metric
HST
HST
IESC
IESC
Cash + ST InvestmentsLiquidity on hand
$768.0M
$258.7M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$6.6B
$961.1M
Total Assets
$13.0B
$1.7B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HST
HST
IESC
IESC
Q4 25
$768.0M
$258.7M
Q3 25
$539.0M
$231.8M
Q2 25
$490.0M
$168.3M
Q1 25
$428.0M
$88.3M
Q4 24
$554.0M
$112.0M
Q3 24
$564.0M
$135.8M
Q2 24
$805.0M
$44.9M
Q1 24
$1.3B
$106.0M
Total Debt
HST
HST
IESC
IESC
Q4 25
$1.3B
Q3 25
Q2 25
Q1 25
Q4 24
$896.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HST
HST
IESC
IESC
Q4 25
$6.6B
$961.1M
Q3 25
$6.7B
$884.0M
Q2 25
$6.6B
$781.4M
Q1 25
$6.7B
$705.8M
Q4 24
$6.6B
$652.4M
Q3 24
$6.7B
$611.1M
Q2 24
$6.8B
$567.5M
Q1 24
$6.7B
$534.8M
Total Assets
HST
HST
IESC
IESC
Q4 25
$13.0B
$1.7B
Q3 25
$13.0B
$1.6B
Q2 25
$13.0B
$1.5B
Q1 25
$12.9B
$1.4B
Q4 24
$13.0B
$1.3B
Q3 24
$13.1B
$1.2B
Q2 24
$12.4B
$1.2B
Q1 24
$12.5B
$1.1B
Debt / Equity
HST
HST
IESC
IESC
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
0.14×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
HST
HST
IESC
IESC
Operating Cash FlowLast quarter
$543.0M
$27.7M
Free Cash FlowOCF − Capex
$445.0M
$-18.9M
FCF MarginFCF / Revenue
27.8%
-2.2%
Capex IntensityCapex / Revenue
6.1%
5.3%
Cash ConversionOCF / Net Profit
4.02×
0.30×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$175.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HST
HST
IESC
IESC
Q4 25
$543.0M
$27.7M
Q3 25
$218.0M
$132.0M
Q2 25
$444.0M
$92.0M
Q1 25
$305.0M
$24.8M
Q4 24
$331.0M
$37.3M
Q3 24
$349.0M
$92.8M
Q2 24
$453.0M
$82.9M
Q1 24
$365.0M
$33.7M
Free Cash Flow
HST
HST
IESC
IESC
Q4 25
$445.0M
$-18.9M
Q3 25
$143.0M
$112.0M
Q2 25
$381.0M
$74.8M
Q1 25
$259.0M
$7.9M
Q4 24
$235.0M
$24.1M
Q3 24
$262.0M
$78.5M
Q2 24
$409.0M
$65.4M
Q1 24
$332.0M
$26.9M
FCF Margin
HST
HST
IESC
IESC
Q4 25
27.8%
-2.2%
Q3 25
10.7%
12.5%
Q2 25
24.0%
8.4%
Q1 25
16.2%
0.9%
Q4 24
16.5%
3.2%
Q3 24
19.9%
10.1%
Q2 24
27.9%
8.5%
Q1 24
22.6%
3.8%
Capex Intensity
HST
HST
IESC
IESC
Q4 25
6.1%
5.3%
Q3 25
5.6%
2.2%
Q2 25
4.0%
1.9%
Q1 25
2.9%
2.0%
Q4 24
6.7%
1.8%
Q3 24
6.6%
1.8%
Q2 24
3.0%
2.3%
Q1 24
2.2%
1.0%
Cash Conversion
HST
HST
IESC
IESC
Q4 25
4.02×
0.30×
Q3 25
1.35×
1.29×
Q2 25
2.01×
1.16×
Q1 25
1.23×
0.34×
Q4 24
3.06×
0.65×
Q3 24
4.26×
1.42×
Q2 24
1.90×
1.24×
Q1 24
1.36×
0.59×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HST
HST

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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