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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $822.5M, roughly 1.1× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 10.5%, a 24.1% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 10.6%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $-18.9M). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 10.0%).
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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
IESC vs MSCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $822.5M |
| Net Profit | $91.8M | $284.7M |
| Gross Margin | 25.3% | — |
| Operating Margin | 11.2% | 56.4% |
| Net Margin | 10.5% | 34.6% |
| Revenue YoY | 16.2% | 10.6% |
| Net Profit YoY | 59.1% | -6.8% |
| EPS (diluted) | $4.51 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $897.8M | $793.4M | ||
| Q2 25 | $890.2M | $772.7M | ||
| Q1 25 | $834.0M | $745.8M | ||
| Q4 24 | $749.5M | $743.5M | ||
| Q3 24 | $775.8M | $724.7M | ||
| Q2 24 | $768.4M | $707.9M | ||
| Q1 24 | $705.7M | $680.0M |
| Q4 25 | $91.8M | $284.7M | ||
| Q3 25 | $102.3M | $325.4M | ||
| Q2 25 | $79.3M | $303.6M | ||
| Q1 25 | $72.6M | $288.6M | ||
| Q4 24 | $57.7M | $305.5M | ||
| Q3 24 | $65.5M | $280.9M | ||
| Q2 24 | $66.6M | $266.8M | ||
| Q1 24 | $56.8M | $256.0M |
| 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% | — |
| Q4 25 | 11.2% | 56.4% | ||
| Q3 25 | 11.6% | 56.4% | ||
| Q2 25 | 12.6% | 55.0% | ||
| Q1 25 | 11.1% | 50.6% | ||
| Q4 24 | 10.0% | 54.5% | ||
| Q3 24 | 9.7% | 55.4% | ||
| Q2 24 | 11.7% | 54.0% | ||
| Q1 24 | 11.0% | 49.9% |
| Q4 25 | 10.5% | 34.6% | ||
| Q3 25 | 11.4% | 41.0% | ||
| Q2 25 | 8.9% | 39.3% | ||
| Q1 25 | 8.7% | 38.7% | ||
| Q4 24 | 7.7% | 41.1% | ||
| Q3 24 | 8.4% | 38.8% | ||
| Q2 24 | 8.7% | 37.7% | ||
| Q1 24 | 8.0% | 37.6% |
| Q4 25 | $4.51 | $3.81 | ||
| Q3 25 | $4.99 | $4.25 | ||
| Q2 25 | $3.81 | $3.92 | ||
| Q1 25 | $3.50 | $3.71 | ||
| Q4 24 | $2.72 | $3.89 | ||
| Q3 24 | $3.06 | $3.57 | ||
| Q2 24 | $2.67 | $3.37 | ||
| Q1 24 | $2.29 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $961.1M | $-2.7B |
| Total Assets | $1.7B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $258.7M | $515.3M | ||
| Q3 25 | $231.8M | $400.1M | ||
| Q2 25 | $168.3M | $347.3M | ||
| Q1 25 | $88.3M | $360.7M | ||
| Q4 24 | $112.0M | $409.4M | ||
| Q3 24 | $135.8M | $501.0M | ||
| Q2 24 | $44.9M | $451.4M | ||
| Q1 24 | $106.0M | $519.3M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $961.1M | $-2.7B | ||
| Q3 25 | $884.0M | $-1.9B | ||
| Q2 25 | $781.4M | $-886.2M | ||
| Q1 25 | $705.8M | $-958.6M | ||
| Q4 24 | $652.4M | $-940.0M | ||
| Q3 24 | $611.1M | $-751.0M | ||
| Q2 24 | $567.5M | $-734.5M | ||
| Q1 24 | $534.8M | $-650.5M |
| Q4 25 | $1.7B | $5.7B | ||
| Q3 25 | $1.6B | $5.4B | ||
| Q2 25 | $1.5B | $5.4B | ||
| Q1 25 | $1.4B | $5.3B | ||
| Q4 24 | $1.3B | $5.4B | ||
| Q3 24 | $1.2B | $5.4B | ||
| Q2 24 | $1.2B | $5.5B | ||
| Q1 24 | $1.1B | $5.5B |
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 | $501.1M |
| Free Cash FlowOCF − Capex | $-18.9M | $488.7M |
| FCF MarginFCF / Revenue | -2.2% | 59.4% |
| Capex IntensityCapex / Revenue | 5.3% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.30× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $501.1M | ||
| Q3 25 | $132.0M | $449.4M | ||
| Q2 25 | $92.0M | $336.1M | ||
| Q1 25 | $24.8M | $301.7M | ||
| Q4 24 | $37.3M | $430.6M | ||
| Q3 24 | $92.8M | $421.6M | ||
| Q2 24 | $82.9M | $349.2M | ||
| Q1 24 | $33.7M | $300.1M |
| Q4 25 | $-18.9M | $488.7M | ||
| Q3 25 | $112.0M | $445.5M | ||
| Q2 25 | $74.8M | $324.7M | ||
| Q1 25 | $7.9M | $290.2M | ||
| Q4 24 | $24.1M | $416.4M | ||
| Q3 24 | $78.5M | $415.0M | ||
| Q2 24 | $65.4M | $340.6M | ||
| Q1 24 | $26.9M | $295.9M |
| Q4 25 | -2.2% | 59.4% | ||
| Q3 25 | 12.5% | 56.2% | ||
| Q2 25 | 8.4% | 42.0% | ||
| Q1 25 | 0.9% | 38.9% | ||
| Q4 24 | 3.2% | 56.0% | ||
| Q3 24 | 10.1% | 57.3% | ||
| Q2 24 | 8.5% | 48.1% | ||
| Q1 24 | 3.8% | 43.5% |
| Q4 25 | 5.3% | 1.5% | ||
| Q3 25 | 2.2% | 0.5% | ||
| Q2 25 | 1.9% | 1.5% | ||
| Q1 25 | 2.0% | 1.5% | ||
| Q4 24 | 1.8% | 1.9% | ||
| Q3 24 | 1.8% | 0.9% | ||
| Q2 24 | 2.3% | 1.2% | ||
| Q1 24 | 1.0% | 0.6% |
| Q4 25 | 0.30× | 1.76× | ||
| Q3 25 | 1.29× | 1.38× | ||
| Q2 25 | 1.16× | 1.11× | ||
| Q1 25 | 0.34× | 1.05× | ||
| Q4 24 | 0.65× | 1.41× | ||
| Q3 24 | 1.42× | 1.50× | ||
| Q2 24 | 1.24× | 1.31× | ||
| Q1 24 | 0.59× | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
