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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $871.0M, roughly 1.6× IES Holdings, Inc.). IES Holdings, Inc. runs the higher net margin — 10.5% vs -7.3%, a 17.8% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 3.1%). Lineage, Inc. produced more free cash flow last quarter ($35.0M vs $-18.9M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
IESC vs LINE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $1.4B |
| Net Profit | $91.8M | $-100.0M |
| Gross Margin | 25.3% | 32.3% |
| Operating Margin | 11.2% | 2.5% |
| Net Margin | 10.5% | -7.3% |
| Revenue YoY | 16.2% | 3.1% |
| Net Profit YoY | 59.1% | 79.4% |
| EPS (diluted) | $4.51 | $-0.44 |
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 | $897.8M | $1.4B | ||
| Q2 25 | $890.2M | $1.4B | ||
| Q1 25 | $834.0M | $1.3B | ||
| Q4 24 | $749.5M | $1.3B | ||
| Q3 24 | $775.8M | $1.3B | ||
| Q2 24 | $768.4M | $1.3B | ||
| Q1 24 | $705.7M | $1.3B |
| Q4 25 | $91.8M | — | ||
| Q3 25 | $102.3M | $-100.0M | ||
| Q2 25 | $79.3M | $-6.0M | ||
| Q1 25 | $72.6M | $0 | ||
| Q4 24 | $57.7M | $-71.0M | ||
| Q3 24 | $65.5M | $-485.0M | ||
| Q2 24 | $66.6M | $-68.0M | ||
| Q1 24 | $56.8M | $-40.0M |
| Q4 25 | 25.3% | — | ||
| Q3 25 | 26.0% | 32.3% | ||
| Q2 25 | 26.9% | 31.9% | ||
| Q1 25 | 25.0% | 32.2% | ||
| Q4 24 | 23.8% | 32.3% | ||
| Q3 24 | 24.0% | 32.8% | ||
| Q2 24 | 25.3% | 33.4% | ||
| Q1 24 | 24.3% | 33.4% |
| Q4 25 | 11.2% | — | ||
| Q3 25 | 11.6% | 2.5% | ||
| Q2 25 | 12.6% | 1.7% | ||
| Q1 25 | 11.1% | 4.3% | ||
| Q4 24 | 10.0% | -1.6% | ||
| Q3 24 | 9.7% | -38.6% | ||
| Q2 24 | 11.7% | 5.5% | ||
| Q1 24 | 11.0% | 7.6% |
| Q4 25 | 10.5% | — | ||
| Q3 25 | 11.4% | -7.3% | ||
| Q2 25 | 8.9% | -0.4% | ||
| Q1 25 | 8.7% | — | ||
| Q4 24 | 7.7% | -5.3% | ||
| Q3 24 | 8.4% | -36.3% | ||
| Q2 24 | 8.7% | -5.1% | ||
| Q1 24 | 8.0% | -3.0% |
| Q4 25 | $4.51 | — | ||
| Q3 25 | $4.99 | $-0.44 | ||
| Q2 25 | $3.81 | $-0.03 | ||
| Q1 25 | $3.50 | $0.01 | ||
| Q4 24 | $2.72 | $-0.52 | ||
| Q3 24 | $3.06 | $-2.44 | ||
| Q2 24 | $2.67 | $-0.46 | ||
| Q1 24 | $2.29 | $-0.28 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $961.1M | $8.4B |
| Total Assets | $1.7B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $258.7M | — | ||
| Q3 25 | $231.8M | — | ||
| Q2 25 | $168.3M | — | ||
| Q1 25 | $88.3M | — | ||
| Q4 24 | $112.0M | $173.0M | ||
| Q3 24 | $135.8M | $409.0M | ||
| Q2 24 | $44.9M | $73.0M | ||
| Q1 24 | $106.0M | — |
| Q4 25 | $961.1M | — | ||
| Q3 25 | $884.0M | $8.4B | ||
| Q2 25 | $781.4M | $8.6B | ||
| Q1 25 | $705.8M | $8.6B | ||
| Q4 24 | $652.4M | $8.6B | ||
| Q3 24 | $611.1M | $9.0B | ||
| Q2 24 | $567.5M | $4.9B | ||
| Q1 24 | $534.8M | $5.6B |
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.6B | $19.2B | ||
| Q2 25 | $1.5B | $19.4B | ||
| Q1 25 | $1.4B | $18.8B | ||
| Q4 24 | $1.3B | $18.7B | ||
| Q3 24 | $1.2B | $19.3B | ||
| Q2 24 | $1.2B | $18.8B | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.7M | $230.0M |
| Free Cash FlowOCF − Capex | $-18.9M | $35.0M |
| FCF MarginFCF / Revenue | -2.2% | 2.5% |
| Capex IntensityCapex / Revenue | 5.3% | 14.2% |
| 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 | $230.0M | ||
| Q2 25 | $92.0M | $258.0M | ||
| Q1 25 | $24.8M | $139.0M | ||
| Q4 24 | $37.3M | — | ||
| Q3 24 | $92.8M | $186.0M | ||
| Q2 24 | $82.9M | $155.0M | ||
| Q1 24 | $33.7M | $105.0M |
| Q4 25 | $-18.9M | — | ||
| Q3 25 | $112.0M | $35.0M | ||
| Q2 25 | $74.8M | $95.0M | ||
| Q1 25 | $7.9M | $-12.0M | ||
| Q4 24 | $24.1M | — | ||
| Q3 24 | $78.5M | $33.0M | ||
| Q2 24 | $65.4M | $-31.0M | ||
| Q1 24 | $26.9M | $-42.0M |
| Q4 25 | -2.2% | — | ||
| Q3 25 | 12.5% | 2.5% | ||
| Q2 25 | 8.4% | 7.0% | ||
| Q1 25 | 0.9% | -0.9% | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 10.1% | 2.5% | ||
| Q2 24 | 8.5% | -2.3% | ||
| Q1 24 | 3.8% | -3.2% |
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.2% | 14.2% | ||
| Q2 25 | 1.9% | 12.1% | ||
| Q1 25 | 2.0% | 11.7% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.8% | 11.5% | ||
| Q2 24 | 2.3% | 13.9% | ||
| Q1 24 | 1.0% | 11.1% |
| 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
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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
