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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $665.5M, roughly 1.3× Natera, Inc.). IES Holdings, Inc. runs the higher net margin — 10.5% vs 7.1%, a 3.4% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 16.2%). Natera, Inc. produced more free cash flow last quarter ($37.8M vs $-18.9M). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% 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.
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
IESC vs NTRA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $665.5M |
| Net Profit | $91.8M | $47.3M |
| Gross Margin | 25.3% | — |
| Operating Margin | 11.2% | -3.4% |
| Net Margin | 10.5% | 7.1% |
| Revenue YoY | 16.2% | 39.8% |
| Net Profit YoY | 59.1% | 187.9% |
| EPS (diluted) | $4.51 | $0.36 |
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 | $665.5M | ||
| Q3 25 | $897.8M | $592.2M | ||
| Q2 25 | $890.2M | $546.6M | ||
| Q1 25 | $834.0M | $501.8M | ||
| Q4 24 | $749.5M | $476.1M | ||
| Q3 24 | $775.8M | $439.8M | ||
| Q2 24 | $768.4M | $413.4M | ||
| Q1 24 | $705.7M | $367.7M |
| Q4 25 | $91.8M | $47.3M | ||
| Q3 25 | $102.3M | $-87.5M | ||
| Q2 25 | $79.3M | $-100.9M | ||
| Q1 25 | $72.6M | $-66.9M | ||
| Q4 24 | $57.7M | $-53.8M | ||
| Q3 24 | $65.5M | $-31.6M | ||
| Q2 24 | $66.6M | $-37.5M | ||
| Q1 24 | $56.8M | $-67.6M |
| 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% | -3.4% | ||
| Q3 25 | 11.6% | -16.5% | ||
| Q2 25 | 12.6% | -20.2% | ||
| Q1 25 | 11.1% | -15.8% | ||
| Q4 24 | 10.0% | -13.6% | ||
| Q3 24 | 9.7% | -8.9% | ||
| Q2 24 | 11.7% | -10.6% | ||
| Q1 24 | 11.0% | -20.2% |
| Q4 25 | 10.5% | 7.1% | ||
| Q3 25 | 11.4% | -14.8% | ||
| Q2 25 | 8.9% | -18.5% | ||
| Q1 25 | 8.7% | -13.3% | ||
| Q4 24 | 7.7% | -11.3% | ||
| Q3 24 | 8.4% | -7.2% | ||
| Q2 24 | 8.7% | -9.1% | ||
| Q1 24 | 8.0% | -18.4% |
| Q4 25 | $4.51 | $0.36 | ||
| Q3 25 | $4.99 | $-0.64 | ||
| Q2 25 | $3.81 | $-0.74 | ||
| Q1 25 | $3.50 | $-0.50 | ||
| Q4 24 | $2.72 | $-0.41 | ||
| Q3 24 | $3.06 | $-0.26 | ||
| Q2 24 | $2.67 | $-0.30 | ||
| Q1 24 | $2.29 | $-0.56 |
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 | $1.7B |
| Total Assets | $1.7B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $258.7M | — | ||
| Q3 25 | $231.8M | $1.0M | ||
| Q2 25 | $168.3M | $16.0M | ||
| Q1 25 | $88.3M | $17.8M | ||
| Q4 24 | $112.0M | $22.7M | ||
| Q3 24 | $135.8M | $29.5M | ||
| Q2 24 | $44.9M | $90.3M | ||
| Q1 24 | $106.0M | $69.1M |
| Q4 25 | $961.1M | $1.7B | ||
| Q3 25 | $884.0M | $1.3B | ||
| Q2 25 | $781.4M | $1.2B | ||
| Q1 25 | $705.8M | $1.2B | ||
| Q4 24 | $652.4M | $1.2B | ||
| Q3 24 | $611.1M | $878.5M | ||
| Q2 24 | $567.5M | $836.5M | ||
| Q1 24 | $534.8M | $794.1M |
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
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 | $73.9M |
| Free Cash FlowOCF − Capex | $-18.9M | $37.8M |
| FCF MarginFCF / Revenue | -2.2% | 5.7% |
| Capex IntensityCapex / Revenue | 5.3% | 5.4% |
| Cash ConversionOCF / Net Profit | 0.30× | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $73.9M | ||
| Q3 25 | $132.0M | $59.4M | ||
| Q2 25 | $92.0M | $37.6M | ||
| Q1 25 | $24.8M | $44.5M | ||
| Q4 24 | $37.3M | $52.9M | ||
| Q3 24 | $92.8M | $51.8M | ||
| Q2 24 | $82.9M | $4.0M | ||
| Q1 24 | $33.7M | $27.0M |
| Q4 25 | $-18.9M | $37.8M | ||
| Q3 25 | $112.0M | $37.0M | ||
| Q2 25 | $74.8M | $11.7M | ||
| Q1 25 | $7.9M | $22.6M | ||
| Q4 24 | $24.1M | $34.8M | ||
| Q3 24 | $78.5M | $35.5M | ||
| Q2 24 | $65.4M | $-7.7M | ||
| Q1 24 | $26.9M | $6.7M |
| Q4 25 | -2.2% | 5.7% | ||
| Q3 25 | 12.5% | 6.2% | ||
| Q2 25 | 8.4% | 2.1% | ||
| Q1 25 | 0.9% | 4.5% | ||
| Q4 24 | 3.2% | 7.3% | ||
| Q3 24 | 10.1% | 8.1% | ||
| Q2 24 | 8.5% | -1.9% | ||
| Q1 24 | 3.8% | 1.8% |
| Q4 25 | 5.3% | 5.4% | ||
| Q3 25 | 2.2% | 3.8% | ||
| Q2 25 | 1.9% | 4.7% | ||
| Q1 25 | 2.0% | 4.3% | ||
| Q4 24 | 1.8% | 3.8% | ||
| Q3 24 | 1.8% | 3.7% | ||
| Q2 24 | 2.3% | 2.8% | ||
| Q1 24 | 1.0% | 5.5% |
| Q4 25 | 0.30× | 1.56× | ||
| 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% |
NTRA
Segment breakdown not available.
