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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and Primerica, Inc. (PRI). Click either name above to swap in a different company.

IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $853.7M, roughly 1.0× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 10.5%, a 12.5% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 11.0%). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 7.2%).

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.

Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.

IESC vs PRI — Head-to-Head

Bigger by revenue
IESC
IESC
1.0× larger
IESC
$871.0M
$853.7M
PRI
Growing faster (revenue YoY)
IESC
IESC
+5.2% gap
IESC
16.2%
11.0%
PRI
Higher net margin
PRI
PRI
12.5% more per $
PRI
23.1%
10.5%
IESC
Faster 2-yr revenue CAGR
IESC
IESC
Annualised
IESC
11.1%
7.2%
PRI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IESC
IESC
PRI
PRI
Revenue
$871.0M
$853.7M
Net Profit
$91.8M
$197.0M
Gross Margin
25.3%
Operating Margin
11.2%
28.9%
Net Margin
10.5%
23.1%
Revenue YoY
16.2%
11.0%
Net Profit YoY
59.1%
17.9%
EPS (diluted)
$4.51
$6.11

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.

Revenue
IESC
IESC
PRI
PRI
Q4 25
$871.0M
$853.7M
Q3 25
$897.8M
$839.9M
Q2 25
$890.2M
$793.3M
Q1 25
$834.0M
$804.8M
Q4 24
$749.5M
$768.8M
Q3 24
$775.8M
$774.1M
Q2 24
$768.4M
$803.4M
Q1 24
$705.7M
$742.8M
Net Profit
IESC
IESC
PRI
PRI
Q4 25
$91.8M
$197.0M
Q3 25
$102.3M
$206.8M
Q2 25
$79.3M
$178.3M
Q1 25
$72.6M
$169.1M
Q4 24
$57.7M
$167.1M
Q3 24
$65.5M
$164.4M
Q2 24
$66.6M
$1.2M
Q1 24
$56.8M
$137.9M
Gross Margin
IESC
IESC
PRI
PRI
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%
98.0%
Q1 24
24.3%
98.2%
Operating Margin
IESC
IESC
PRI
PRI
Q4 25
11.2%
28.9%
Q3 25
11.6%
32.3%
Q2 25
12.6%
29.6%
Q1 25
11.1%
27.5%
Q4 24
10.0%
64.7%
Q3 24
9.7%
32.9%
Q2 24
11.7%
1.0%
Q1 24
11.0%
24.1%
Net Margin
IESC
IESC
PRI
PRI
Q4 25
10.5%
23.1%
Q3 25
11.4%
24.6%
Q2 25
8.9%
22.5%
Q1 25
8.7%
21.0%
Q4 24
7.7%
21.7%
Q3 24
8.4%
21.2%
Q2 24
8.7%
0.1%
Q1 24
8.0%
18.6%
EPS (diluted)
IESC
IESC
PRI
PRI
Q4 25
$4.51
$6.11
Q3 25
$4.99
$6.35
Q2 25
$3.81
$5.40
Q1 25
$3.50
$5.05
Q4 24
$2.72
$4.92
Q3 24
$3.06
$4.83
Q2 24
$2.67
$0.03
Q1 24
$2.29
$3.93

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IESC
IESC
PRI
PRI
Cash + ST InvestmentsLiquidity on hand
$258.7M
$756.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$961.1M
$2.4B
Total Assets
$1.7B
$15.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IESC
IESC
PRI
PRI
Q4 25
$258.7M
$756.2M
Q3 25
$231.8M
$644.9M
Q2 25
$168.3M
$621.2M
Q1 25
$88.3M
$625.1M
Q4 24
$112.0M
$687.8M
Q3 24
$135.8M
$550.1M
Q2 24
$44.9M
$627.3M
Q1 24
$106.0M
$593.4M
Stockholders' Equity
IESC
IESC
PRI
PRI
Q4 25
$961.1M
$2.4B
Q3 25
$884.0M
$2.3B
Q2 25
$781.4M
$2.3B
Q1 25
$705.8M
$2.3B
Q4 24
$652.4M
$2.3B
Q3 24
$611.1M
$1.9B
Q2 24
$567.5M
$2.1B
Q1 24
$534.8M
$2.2B
Total Assets
IESC
IESC
PRI
PRI
Q4 25
$1.7B
$15.0B
Q3 25
$1.6B
$14.8B
Q2 25
$1.5B
$14.8B
Q1 25
$1.4B
$14.6B
Q4 24
$1.3B
$14.6B
Q3 24
$1.2B
$14.8B
Q2 24
$1.2B
$14.6B
Q1 24
$1.1B
$14.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IESC
IESC
PRI
PRI
Operating Cash FlowLast quarter
$27.7M
$338.2M
Free Cash FlowOCF − Capex
$-18.9M
FCF MarginFCF / Revenue
-2.2%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
0.30×
1.72×
TTM Free Cash FlowTrailing 4 quarters
$175.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IESC
IESC
PRI
PRI
Q4 25
$27.7M
$338.2M
Q3 25
$132.0M
$202.9M
Q2 25
$92.0M
$162.6M
Q1 25
$24.8M
$197.5M
Q4 24
$37.3M
$270.6M
Q3 24
$92.8M
$207.3M
Q2 24
$82.9M
$173.3M
Q1 24
$33.7M
$210.9M
Free Cash Flow
IESC
IESC
PRI
PRI
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 24
$26.9M
FCF Margin
IESC
IESC
PRI
PRI
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 24
3.8%
Capex Intensity
IESC
IESC
PRI
PRI
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 24
1.0%
Cash Conversion
IESC
IESC
PRI
PRI
Q4 25
0.30×
1.72×
Q3 25
1.29×
0.98×
Q2 25
1.16×
0.91×
Q1 25
0.34×
1.17×
Q4 24
0.65×
1.62×
Q3 24
1.42×
1.26×
Q2 24
1.24×
147.98×
Q1 24
0.59×
1.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IESC
IESC

Communications$351.9M40%
Single Family Electrical Contracts$137.0M16%
Custom Engineered Solutions$116.0M13%
Commercialand Industrial$94.8M11%
Single Family Contracts Plumbing HVAC$82.9M10%
Multi Familyand Other$64.2M7%
Industrial Services$24.2M3%

PRI
PRI

Revenues From Sources Other Than Contracts With Customers$445.9M52%
Investment And Savings Products Segment Revenues$340.3M40%
Other$56.5M7%
Segment Revenues From Contracts With Customers$11.0M1%

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