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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and Principal Financial Group (PFG). Click either name above to swap in a different company.
IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $750.8M, roughly 1.2× Principal Financial Group). IES Holdings, Inc. runs the higher net margin — 10.5% vs 0.3%, a 10.3% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 4.0%). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -58.3%).
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.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
IESC vs PFG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $750.8M |
| Net Profit | $91.8M | $1.9M |
| Gross Margin | 25.3% | — |
| Operating Margin | 11.2% | — |
| Net Margin | 10.5% | 0.3% |
| Revenue YoY | 16.2% | 4.0% |
| Net Profit YoY | 59.1% | 783.0% |
| EPS (diluted) | $4.51 | — |
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.
| Q1 26 | — | $750.8M | ||
| Q4 25 | $871.0M | $4.6B | ||
| Q3 25 | $897.8M | $3.7B | ||
| Q2 25 | $890.2M | $3.7B | ||
| Q1 25 | $834.0M | $3.7B | ||
| Q4 24 | $749.5M | $4.8B | ||
| Q3 24 | $775.8M | $3.0B | ||
| Q2 24 | $768.4M | $4.3B |
| Q1 26 | — | $1.9M | ||
| Q4 25 | $91.8M | $517.0M | ||
| Q3 25 | $102.3M | $213.8M | ||
| Q2 25 | $79.3M | $406.2M | ||
| Q1 25 | $72.6M | $48.1M | ||
| Q4 24 | $57.7M | $905.4M | ||
| Q3 24 | $65.5M | $-220.0M | ||
| Q2 24 | $66.6M | $353.1M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 11.1% | — | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 11.7% | — |
| Q1 26 | — | 0.3% | ||
| Q4 25 | 10.5% | 11.3% | ||
| Q3 25 | 11.4% | 5.8% | ||
| Q2 25 | 8.9% | 11.1% | ||
| Q1 25 | 8.7% | 1.3% | ||
| Q4 24 | 7.7% | 19.1% | ||
| Q3 24 | 8.4% | -7.3% | ||
| Q2 24 | 8.7% | 8.2% |
| Q1 26 | — | — | ||
| Q4 25 | $4.51 | $2.30 | ||
| Q3 25 | $4.99 | $0.95 | ||
| Q2 25 | $3.81 | $1.79 | ||
| Q1 25 | $3.50 | $0.21 | ||
| Q4 24 | $2.72 | $3.92 | ||
| Q3 24 | $3.06 | $-0.95 | ||
| Q2 24 | $2.67 | $1.49 |
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 | — |
| Total Assets | $1.7B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $258.7M | $4.4B | ||
| Q3 25 | $231.8M | $5.1B | ||
| Q2 25 | $168.3M | $3.7B | ||
| Q1 25 | $88.3M | $3.9B | ||
| Q4 24 | $112.0M | $4.2B | ||
| Q3 24 | $135.8M | $6.2B | ||
| Q2 24 | $44.9M | $4.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | $961.1M | $11.9B | ||
| Q3 25 | $884.0M | $11.7B | ||
| Q2 25 | $781.4M | $11.4B | ||
| Q1 25 | $705.8M | $11.2B | ||
| Q4 24 | $652.4M | $11.1B | ||
| Q3 24 | $611.1M | $11.2B | ||
| Q2 24 | $567.5M | $11.0B |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $341.4B | ||
| Q3 25 | $1.6B | $334.5B | ||
| Q2 25 | $1.5B | $323.1B | ||
| Q1 25 | $1.4B | $313.0B | ||
| Q4 24 | $1.3B | $313.7B | ||
| Q3 24 | $1.2B | $322.9B | ||
| Q2 24 | $1.2B | $308.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.35× | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $-18.9M | — |
| FCF MarginFCF / Revenue | -2.2% | — |
| Capex IntensityCapex / Revenue | 5.3% | — |
| Cash ConversionOCF / Net Profit | 0.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $27.7M | $1.7B | ||
| Q3 25 | $132.0M | $1.0B | ||
| Q2 25 | $92.0M | $811.9M | ||
| Q1 25 | $24.8M | $977.3M | ||
| Q4 24 | $37.3M | $1.5B | ||
| Q3 24 | $92.8M | $1.1B | ||
| Q2 24 | $82.9M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $-18.9M | — | ||
| Q3 25 | $112.0M | — | ||
| Q2 25 | $74.8M | — | ||
| Q1 25 | $7.9M | — | ||
| Q4 24 | $24.1M | — | ||
| Q3 24 | $78.5M | — | ||
| Q2 24 | $65.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | -2.2% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 8.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 2.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.30× | 3.37× | ||
| Q3 25 | 1.29× | 4.70× | ||
| Q2 25 | 1.16× | 2.00× | ||
| Q1 25 | 0.34× | 20.32× | ||
| Q4 24 | 0.65× | 1.61× | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.24× | 4.05× |
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% |
PFG
Segment breakdown not available.
