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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and Magnera Corp (MAGN). Click either name above to swap in a different company.
IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $792.0M, roughly 1.1× Magnera Corp). IES Holdings, Inc. runs the higher net margin — 10.5% vs -4.3%, a 14.8% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 12.8%). Magnera Corp produced more free cash flow last quarter ($-13.0M vs $-18.9M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 11.1%).
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.
IESC vs MAGN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $792.0M |
| Net Profit | $91.8M | $-34.0M |
| Gross Margin | 25.3% | 12.2% |
| Operating Margin | 11.2% | 1.8% |
| Net Margin | 10.5% | -4.3% |
| Revenue YoY | 16.2% | 12.8% |
| Net Profit YoY | 59.1% | 43.3% |
| EPS (diluted) | $4.51 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $897.8M | — | ||
| Q2 25 | $890.2M | $839.0M | ||
| Q1 25 | $834.0M | $824.0M | ||
| Q4 24 | $749.5M | $702.0M | ||
| Q3 24 | $775.8M | $332.1M | ||
| Q2 24 | $768.4M | $556.0M | ||
| Q1 24 | $705.7M | $558.0M |
| Q4 25 | $91.8M | $-34.0M | ||
| Q3 25 | $102.3M | — | ||
| Q2 25 | $79.3M | $-18.0M | ||
| Q1 25 | $72.6M | $-41.0M | ||
| Q4 24 | $57.7M | $-60.0M | ||
| Q3 24 | $65.5M | $-15.2M | ||
| Q2 24 | $66.6M | $19.0M | ||
| Q1 24 | $56.8M | $14.0M |
| Q4 25 | 25.3% | 12.2% | ||
| Q3 25 | 26.0% | — | ||
| Q2 25 | 26.9% | 10.7% | ||
| Q1 25 | 25.0% | 10.7% | ||
| Q4 24 | 23.8% | 10.1% | ||
| Q3 24 | 24.0% | 10.7% | ||
| Q2 24 | 25.3% | 6.6% | ||
| Q1 24 | 24.3% | 6.2% |
| Q4 25 | 11.2% | 1.8% | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 12.6% | 1.5% | ||
| Q1 25 | 11.1% | 0.5% | ||
| Q4 24 | 10.0% | -3.1% | ||
| Q3 24 | 9.7% | 0.9% | ||
| Q2 24 | 11.7% | 3.1% | ||
| Q1 24 | 11.0% | 3.8% |
| Q4 25 | 10.5% | -4.3% | ||
| Q3 25 | 11.4% | — | ||
| Q2 25 | 8.9% | -2.1% | ||
| Q1 25 | 8.7% | -5.0% | ||
| Q4 24 | 7.7% | -8.5% | ||
| Q3 24 | 8.4% | -4.6% | ||
| Q2 24 | 8.7% | 3.4% | ||
| Q1 24 | 8.0% | 2.5% |
| Q4 25 | $4.51 | $-0.95 | ||
| Q3 25 | $4.99 | — | ||
| Q2 25 | $3.81 | $-0.51 | ||
| Q1 25 | $3.50 | $-1.15 | ||
| Q4 24 | $2.72 | $-1.69 | ||
| Q3 24 | $3.06 | $-0.33 | ||
| Q2 24 | $2.67 | $0.60 | ||
| Q1 24 | $2.29 | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $961.1M | $1.0B |
| Total Assets | $1.7B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $258.7M | $264.0M | ||
| Q3 25 | $231.8M | — | ||
| Q2 25 | $168.3M | $276.0M | ||
| Q1 25 | $88.3M | $282.0M | ||
| Q4 24 | $112.0M | $215.0M | ||
| Q3 24 | $135.8M | $230.0M | ||
| Q2 24 | $44.9M | $33.9M | ||
| Q1 24 | $106.0M | $30.2M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $877.4M | ||
| Q1 24 | — | $884.7M |
| Q4 25 | $961.1M | $1.0B | ||
| Q3 25 | $884.0M | — | ||
| Q2 25 | $781.4M | $1.1B | ||
| Q1 25 | $705.8M | $1.1B | ||
| Q4 24 | $652.4M | $1.1B | ||
| Q3 24 | $611.1M | $2.1B | ||
| Q2 24 | $567.5M | $2.4B | ||
| Q1 24 | $534.8M | $2.4B |
| Q4 25 | $1.7B | $3.9B | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.5B | $4.1B | ||
| Q1 25 | $1.4B | $4.1B | ||
| Q4 24 | $1.3B | $4.0B | ||
| Q3 24 | $1.2B | $2.8B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | $-18.9M | $-13.0M |
| FCF MarginFCF / Revenue | -2.2% | -1.6% |
| Capex IntensityCapex / Revenue | 5.3% | 1.9% |
| 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 | $2.0M | ||
| Q3 25 | $132.0M | — | ||
| Q2 25 | $92.0M | $0 | ||
| Q1 25 | $24.8M | $65.0M | ||
| Q4 24 | $37.3M | $-58.0M | ||
| Q3 24 | $92.8M | $12.2M | ||
| Q2 24 | $82.9M | $38.0M | ||
| Q1 24 | $33.7M | $20.0M |
| Q4 25 | $-18.9M | $-13.0M | ||
| Q3 25 | $112.0M | — | ||
| Q2 25 | $74.8M | — | ||
| Q1 25 | $7.9M | $42.0M | ||
| Q4 24 | $24.1M | $-74.0M | ||
| Q3 24 | $78.5M | $3.6M | ||
| Q2 24 | $65.4M | $23.0M | ||
| Q1 24 | $26.9M | $12.5M |
| Q4 25 | -2.2% | -1.6% | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 0.9% | 5.1% | ||
| Q4 24 | 3.2% | -10.5% | ||
| Q3 24 | 10.1% | 1.1% | ||
| Q2 24 | 8.5% | 4.1% | ||
| Q1 24 | 3.8% | 2.2% |
| Q4 25 | 5.3% | 1.9% | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 1.9% | 1.5% | ||
| Q1 25 | 2.0% | 2.8% | ||
| Q4 24 | 1.8% | 2.3% | ||
| Q3 24 | 1.8% | 2.6% | ||
| Q2 24 | 2.3% | 2.7% | ||
| Q1 24 | 1.0% | 1.3% |
| 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× | 2.00× | ||
| Q1 24 | 0.59× | 1.43× |
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
