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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $398.4M, roughly 2.2× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 10.5%, a 19.6% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 16.2%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-18.9M). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -29.4%).
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.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
IESC vs IEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $398.4M |
| Net Profit | $91.8M | $120.0M |
| Gross Margin | 25.3% | 99.9% |
| Operating Margin | 11.2% | 43.3% |
| Net Margin | 10.5% | 30.1% |
| Revenue YoY | 16.2% | 16.7% |
| Net Profit YoY | 59.1% | 25.7% |
| EPS (diluted) | $4.51 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | — | $407.7M | ||
| Q4 25 | $871.0M | $899.1M | ||
| Q3 25 | $897.8M | $878.7M | ||
| Q2 25 | $890.2M | $865.4M | ||
| Q1 25 | $834.0M | $814.3M | ||
| Q4 24 | $749.5M | $862.9M | ||
| Q3 24 | $775.8M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | — | $128.3M | ||
| Q4 25 | $91.8M | $128.3M | ||
| Q3 25 | $102.3M | $127.8M | ||
| Q2 25 | $79.3M | $131.6M | ||
| Q1 25 | $72.6M | $95.5M | ||
| Q4 24 | $57.7M | $123.2M | ||
| Q3 24 | $65.5M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | 25.3% | 43.1% | ||
| Q3 25 | 26.0% | 44.5% | ||
| Q2 25 | 26.9% | 45.3% | ||
| Q1 25 | 25.0% | 45.3% | ||
| Q4 24 | 23.8% | 42.5% | ||
| Q3 24 | 24.0% | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | — | 45.0% | ||
| Q4 25 | 11.2% | 20.4% | ||
| Q3 25 | 11.6% | 21.1% | ||
| Q2 25 | 12.6% | 21.7% | ||
| Q1 25 | 11.1% | 17.4% | ||
| Q4 24 | 10.0% | 19.2% | ||
| Q3 24 | 9.7% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | — | 31.5% | ||
| Q4 25 | 10.5% | 14.3% | ||
| Q3 25 | 11.4% | 14.5% | ||
| Q2 25 | 8.9% | 15.2% | ||
| Q1 25 | 8.7% | 11.7% | ||
| Q4 24 | 7.7% | 14.3% | ||
| Q3 24 | 8.4% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | — | $1.71 | ||
| Q4 25 | $4.51 | $1.71 | ||
| Q3 25 | $4.99 | $1.70 | ||
| Q2 25 | $3.81 | $1.74 | ||
| Q1 25 | $3.50 | $1.26 | ||
| Q4 24 | $2.72 | $1.61 | ||
| Q3 24 | $3.06 | $1.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $258.7M | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $961.1M | $4.0B |
| Total Assets | $1.7B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | — | $580.0M | ||
| Q4 25 | $258.7M | $580.0M | ||
| Q3 25 | $231.8M | $593.8M | ||
| Q2 25 | $168.3M | $568.2M | ||
| Q1 25 | $88.3M | $594.1M | ||
| Q4 24 | $112.0M | $620.8M | ||
| Q3 24 | $135.8M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | — | $4.0B | ||
| Q4 25 | $961.1M | $4.0B | ||
| Q3 25 | $884.0M | $4.0B | ||
| Q2 25 | $781.4M | $4.0B | ||
| Q1 25 | $705.8M | $3.9B | ||
| Q4 24 | $652.4M | $3.8B | ||
| Q3 24 | $611.1M | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | — | $6.9B | ||
| Q4 25 | $1.7B | $6.9B | ||
| Q3 25 | $1.6B | $7.0B | ||
| Q2 25 | $1.5B | $6.9B | ||
| Q1 25 | $1.4B | $6.8B | ||
| Q4 24 | $1.3B | $6.7B | ||
| Q3 24 | $1.2B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | $86.0M |
| FCF MarginFCF / Revenue | -2.2% | 21.6% |
| Capex IntensityCapex / Revenue | 5.3% | 4.4% |
| Cash ConversionOCF / Net Profit | 0.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $27.7M | $209.5M | ||
| Q3 25 | $132.0M | $203.5M | ||
| Q2 25 | $92.0M | $161.7M | ||
| Q1 25 | $24.8M | $105.7M | ||
| Q4 24 | $37.3M | $172.6M | ||
| Q3 24 | $92.8M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | $-18.9M | $189.8M | ||
| Q3 25 | $112.0M | $188.7M | ||
| Q2 25 | $74.8M | $146.9M | ||
| Q1 25 | $7.9M | $91.4M | ||
| Q4 24 | $24.1M | $157.1M | ||
| Q3 24 | $78.5M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | -2.2% | 21.1% | ||
| Q3 25 | 12.5% | 21.5% | ||
| Q2 25 | 8.4% | 17.0% | ||
| Q1 25 | 0.9% | 11.2% | ||
| Q4 24 | 3.2% | 18.2% | ||
| Q3 24 | 10.1% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | 5.3% | 2.2% | ||
| Q3 25 | 2.2% | 1.7% | ||
| Q2 25 | 1.9% | 1.7% | ||
| Q1 25 | 2.0% | 1.8% | ||
| Q4 24 | 1.8% | 1.8% | ||
| Q3 24 | 1.8% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.30× | 1.63× | ||
| Q3 25 | 1.29× | 1.59× | ||
| Q2 25 | 1.16× | 1.23× | ||
| Q1 25 | 0.34× | 1.11× | ||
| Q4 24 | 0.65× | 1.40× | ||
| Q3 24 | 1.42× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
IEX
Segment breakdown not available.
