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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $766.5M, roughly 1.1× SCANSOURCE, INC.). IES Holdings, Inc. runs the higher net margin — 10.5% vs 2.2%, a 8.4% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 2.5%). SCANSOURCE, INC. produced more free cash flow last quarter ($28.9M vs $-18.9M). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
IESC vs SCSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $766.5M |
| Net Profit | $91.8M | $16.5M |
| Gross Margin | 25.3% | 13.4% |
| Operating Margin | 11.2% | 2.3% |
| Net Margin | 10.5% | 2.2% |
| Revenue YoY | 16.2% | 2.5% |
| Net Profit YoY | 59.1% | -3.3% |
| EPS (diluted) | $4.51 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $897.8M | $739.6M | ||
| Q2 25 | $890.2M | $812.9M | ||
| Q1 25 | $834.0M | $704.8M | ||
| Q4 24 | $749.5M | $747.5M | ||
| Q3 24 | $775.8M | $775.6M | ||
| Q2 24 | $768.4M | $746.1M | ||
| Q1 24 | $705.7M | $752.6M |
| Q4 25 | $91.8M | $16.5M | ||
| Q3 25 | $102.3M | $19.9M | ||
| Q2 25 | $79.3M | $20.1M | ||
| Q1 25 | $72.6M | $17.4M | ||
| Q4 24 | $57.7M | $17.1M | ||
| Q3 24 | $65.5M | $17.0M | ||
| Q2 24 | $66.6M | $16.1M | ||
| Q1 24 | $56.8M | $12.8M |
| Q4 25 | 25.3% | 13.4% | ||
| Q3 25 | 26.0% | 14.5% | ||
| Q2 25 | 26.9% | 12.9% | ||
| Q1 25 | 25.0% | 14.2% | ||
| Q4 24 | 23.8% | 13.6% | ||
| Q3 24 | 24.0% | 13.1% | ||
| Q2 24 | 25.3% | 13.0% | ||
| Q1 24 | 24.3% | 12.6% |
| Q4 25 | 11.2% | 2.3% | ||
| Q3 25 | 11.6% | 3.5% | ||
| Q2 25 | 12.6% | 3.3% | ||
| Q1 25 | 11.1% | 3.2% | ||
| Q4 24 | 10.0% | 2.5% | ||
| Q3 24 | 9.7% | 2.3% | ||
| Q2 24 | 11.7% | 2.9% | ||
| Q1 24 | 11.0% | 2.3% |
| Q4 25 | 10.5% | 2.2% | ||
| Q3 25 | 11.4% | 2.7% | ||
| Q2 25 | 8.9% | 2.5% | ||
| Q1 25 | 8.7% | 2.5% | ||
| Q4 24 | 7.7% | 2.3% | ||
| Q3 24 | 8.4% | 2.2% | ||
| Q2 24 | 8.7% | 2.2% | ||
| Q1 24 | 8.0% | 1.7% |
| Q4 25 | $4.51 | $0.75 | ||
| Q3 25 | $4.99 | $0.89 | ||
| Q2 25 | $3.81 | $0.87 | ||
| Q1 25 | $3.50 | $0.74 | ||
| Q4 24 | $2.72 | $0.70 | ||
| Q3 24 | $3.06 | $0.69 | ||
| Q2 24 | $2.67 | $0.66 | ||
| Q1 24 | $2.29 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $961.1M | $910.9M |
| Total Assets | $1.7B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $258.7M | $83.5M | ||
| Q3 25 | $231.8M | $124.9M | ||
| Q2 25 | $168.3M | $126.2M | ||
| Q1 25 | $88.3M | $146.3M | ||
| Q4 24 | $112.0M | $110.5M | ||
| Q3 24 | $135.8M | $145.0M | ||
| Q2 24 | $44.9M | $185.5M | ||
| Q1 24 | $106.0M | $159.1M |
| Q4 25 | $961.1M | $910.9M | ||
| Q3 25 | $884.0M | $914.0M | ||
| Q2 25 | $781.4M | $906.4M | ||
| Q1 25 | $705.8M | $901.7M | ||
| Q4 24 | $652.4M | $900.7M | ||
| Q3 24 | $611.1M | $920.9M | ||
| Q2 24 | $567.5M | $924.3M | ||
| Q1 24 | $534.8M | $944.1M |
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.8B | ||
| Q1 24 | $1.1B | $1.8B |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $-18.9M | $28.9M |
| FCF MarginFCF / Revenue | -2.2% | 3.8% |
| Capex IntensityCapex / Revenue | 5.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 0.30× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $30.8M | ||
| Q3 25 | $132.0M | $23.2M | ||
| Q2 25 | $92.0M | — | ||
| Q1 25 | $24.8M | $66.1M | ||
| Q4 24 | $37.3M | $-6.2M | ||
| Q3 24 | $92.8M | $44.8M | ||
| Q2 24 | $82.9M | — | ||
| Q1 24 | $33.7M | $160.2M |
| Q4 25 | $-18.9M | $28.9M | ||
| Q3 25 | $112.0M | $20.8M | ||
| Q2 25 | $74.8M | — | ||
| Q1 25 | $7.9M | $64.6M | ||
| Q4 24 | $24.1M | $-8.2M | ||
| Q3 24 | $78.5M | $42.5M | ||
| Q2 24 | $65.4M | — | ||
| Q1 24 | $26.9M | $157.7M |
| Q4 25 | -2.2% | 3.8% | ||
| Q3 25 | 12.5% | 2.8% | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 0.9% | 9.2% | ||
| Q4 24 | 3.2% | -1.1% | ||
| Q3 24 | 10.1% | 5.5% | ||
| Q2 24 | 8.5% | — | ||
| Q1 24 | 3.8% | 21.0% |
| Q4 25 | 5.3% | 0.3% | ||
| Q3 25 | 2.2% | 0.3% | ||
| Q2 25 | 1.9% | 0.3% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 1.8% | 0.3% | ||
| Q3 24 | 1.8% | 0.3% | ||
| Q2 24 | 2.3% | 0.2% | ||
| Q1 24 | 1.0% | 0.3% |
| Q4 25 | 0.30× | 1.87× | ||
| Q3 25 | 1.29× | 1.17× | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 0.34× | 3.79× | ||
| Q4 24 | 0.65× | -0.36× | ||
| Q3 24 | 1.42× | 2.64× | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 0.59× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
