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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and Public Storage (PSA). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $871.0M, roughly 1.4× IES Holdings, Inc.). Public Storage runs the higher net margin — 41.7% vs 10.5%, a 31.2% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 3.3%). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 2.5%).
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.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
IESC vs PSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $1.2B |
| Net Profit | $91.8M | $507.1M |
| Gross Margin | 25.3% | — |
| Operating Margin | 11.2% | 40.7% |
| Net Margin | 10.5% | 41.7% |
| Revenue YoY | 16.2% | 3.3% |
| Net Profit YoY | 59.1% | -17.5% |
| EPS (diluted) | $4.51 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $897.8M | $1.2B | ||
| Q2 25 | $890.2M | $1.2B | ||
| Q1 25 | $834.0M | $1.2B | ||
| Q4 24 | $749.5M | $1.2B | ||
| Q3 24 | $775.8M | $1.2B | ||
| Q2 24 | $768.4M | $1.2B | ||
| Q1 24 | $705.7M | $1.2B |
| Q4 25 | $91.8M | $507.1M | ||
| Q3 25 | $102.3M | $511.1M | ||
| Q2 25 | $79.3M | $358.4M | ||
| Q1 25 | $72.6M | $407.8M | ||
| Q4 24 | $57.7M | $614.6M | ||
| Q3 24 | $65.5M | $430.3M | ||
| Q2 24 | $66.6M | $518.1M | ||
| Q1 24 | $56.8M | $508.9M |
| 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% | 40.7% | ||
| Q3 25 | 11.6% | 42.3% | ||
| Q2 25 | 12.6% | 30.4% | ||
| Q1 25 | 11.1% | 34.8% | ||
| Q4 24 | 10.0% | 52.4% | ||
| Q3 24 | 9.7% | 36.7% | ||
| Q2 24 | 11.7% | 44.6% | ||
| Q1 24 | 11.0% | 44.3% |
| Q4 25 | 10.5% | 41.7% | ||
| Q3 25 | 11.4% | 41.8% | ||
| Q2 25 | 8.9% | 29.8% | ||
| Q1 25 | 8.7% | 34.5% | ||
| Q4 24 | 7.7% | 52.2% | ||
| Q3 24 | 8.4% | 36.2% | ||
| Q2 24 | 8.7% | 44.2% | ||
| Q1 24 | 8.0% | 44.0% |
| Q4 25 | $4.51 | $2.59 | ||
| Q3 25 | $4.99 | $2.62 | ||
| Q2 25 | $3.81 | $1.76 | ||
| Q1 25 | $3.50 | $2.04 | ||
| Q4 24 | $2.72 | $3.22 | ||
| Q3 24 | $3.06 | $2.16 | ||
| Q2 24 | $2.67 | $2.66 | ||
| Q1 24 | $2.29 | $2.60 |
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 | $318.1M |
| Total DebtLower is stronger | — | $10.3B |
| Stockholders' EquityBook value | $961.1M | $9.2B |
| Total Assets | $1.7B | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $258.7M | $318.1M | ||
| Q3 25 | $231.8M | $296.5M | ||
| Q2 25 | $168.3M | $1.1B | ||
| Q1 25 | $88.3M | $287.2M | ||
| Q4 24 | $112.0M | $447.4M | ||
| Q3 24 | $135.8M | $599.0M | ||
| Q2 24 | $44.9M | $542.3M | ||
| Q1 24 | $106.0M | $271.6M |
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.0B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.1B |
| Q4 25 | $961.1M | $9.2B | ||
| Q3 25 | $884.0M | $9.3B | ||
| Q2 25 | $781.4M | $9.4B | ||
| Q1 25 | $705.8M | $9.6B | ||
| Q4 24 | $652.4M | $9.7B | ||
| Q3 24 | $611.1M | $9.6B | ||
| Q2 24 | $567.5M | $9.7B | ||
| Q1 24 | $534.8M | $9.9B |
| Q4 25 | $1.7B | $20.2B | ||
| Q3 25 | $1.6B | $20.1B | ||
| Q2 25 | $1.5B | $20.5B | ||
| Q1 25 | $1.4B | $19.6B | ||
| Q4 24 | $1.3B | $19.8B | ||
| Q3 24 | $1.2B | $19.8B | ||
| Q2 24 | $1.2B | $19.8B | ||
| Q1 24 | $1.1B | $19.6B |
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.91× |
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 | $733.6M |
| Free Cash FlowOCF − Capex | $-18.9M | — |
| FCF MarginFCF / Revenue | -2.2% | — |
| Capex IntensityCapex / Revenue | 5.3% | — |
| Cash ConversionOCF / Net Profit | 0.30× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $733.6M | ||
| Q3 25 | $132.0M | $875.1M | ||
| Q2 25 | $92.0M | $872.7M | ||
| Q1 25 | $24.8M | $705.1M | ||
| Q4 24 | $37.3M | $768.6M | ||
| Q3 24 | $92.8M | $798.8M | ||
| Q2 24 | $82.9M | $895.3M | ||
| Q1 24 | $33.7M | $665.6M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 0.30× | 1.45× | ||
| Q3 25 | 1.29× | 1.71× | ||
| Q2 25 | 1.16× | 2.43× | ||
| Q1 25 | 0.34× | 1.73× | ||
| Q4 24 | 0.65× | 1.25× | ||
| Q3 24 | 1.42× | 1.86× | ||
| Q2 24 | 1.24× | 1.73× | ||
| Q1 24 | 0.59× | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
