vs
Side-by-side financial comparison of IES Holdings, Inc. (IESC) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $871.0M, roughly 1.6× IES Holdings, Inc.). IES Holdings, Inc. runs the higher net margin — 10.5% vs 3.1%, a 7.4% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $-18.9M). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
IESC vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $1.4B |
| Net Profit | $91.8M | $43.8M |
| Gross Margin | 25.3% | 28.6% |
| Operating Margin | 11.2% | 11.4% |
| Net Margin | 10.5% | 3.1% |
| Revenue YoY | 16.2% | 2.6% |
| Net Profit YoY | 59.1% | 700.0% |
| EPS (diluted) | $4.51 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $897.8M | $1.3B | ||
| Q2 25 | $890.2M | $1.3B | ||
| Q1 25 | $834.0M | $1.3B | ||
| Q4 24 | $749.5M | $1.4B | ||
| Q3 24 | $775.8M | $1.3B | ||
| Q2 24 | $768.4M | $1.3B | ||
| Q1 24 | $705.7M | $1.3B |
| Q4 25 | $91.8M | $43.8M | ||
| Q3 25 | $102.3M | $255.1M | ||
| Q2 25 | $79.3M | $93.1M | ||
| Q1 25 | $72.6M | $113.5M | ||
| Q4 24 | $57.7M | $-7.3M | ||
| Q3 24 | $65.5M | $91.7M | ||
| Q2 24 | $66.6M | $98.3M | ||
| Q1 24 | $56.8M | $82.0M |
| Q4 25 | 25.3% | 28.6% | ||
| Q3 25 | 26.0% | 29.8% | ||
| Q2 25 | 26.9% | 30.7% | ||
| Q1 25 | 25.0% | 30.9% | ||
| Q4 24 | 23.8% | 30.0% | ||
| Q3 24 | 24.0% | 30.1% | ||
| Q2 24 | 25.3% | 31.2% | ||
| Q1 24 | 24.3% | 30.3% |
| Q4 25 | 11.2% | 11.4% | ||
| Q3 25 | 11.6% | 13.8% | ||
| Q2 25 | 12.6% | 15.0% | ||
| Q1 25 | 11.1% | 14.5% | ||
| Q4 24 | 10.0% | 11.7% | ||
| Q3 24 | 9.7% | 13.9% | ||
| Q2 24 | 11.7% | 15.4% | ||
| Q1 24 | 11.0% | 14.0% |
| Q4 25 | 10.5% | 3.1% | ||
| Q3 25 | 11.4% | 19.0% | ||
| Q2 25 | 8.9% | 7.0% | ||
| Q1 25 | 8.7% | 9.0% | ||
| Q4 24 | 7.7% | -0.5% | ||
| Q3 24 | 8.4% | 6.9% | ||
| Q2 24 | 8.7% | 7.4% | ||
| Q1 24 | 8.0% | 6.2% |
| Q4 25 | $4.51 | $0.30 | ||
| Q3 25 | $4.99 | $1.73 | ||
| Q2 25 | $3.81 | $0.63 | ||
| Q1 25 | $3.50 | $0.77 | ||
| Q4 24 | $2.72 | $-0.05 | ||
| Q3 24 | $3.06 | $0.63 | ||
| Q2 24 | $2.67 | $0.67 | ||
| 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 | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $961.1M | $1.2B |
| Total Assets | $1.7B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $258.7M | $344.0M | ||
| Q3 25 | $231.8M | $282.5M | ||
| Q2 25 | $168.3M | $354.4M | ||
| Q1 25 | $88.3M | $335.2M | ||
| Q4 24 | $112.0M | $371.8M | ||
| Q3 24 | $135.8M | $386.0M | ||
| Q2 24 | $44.9M | $388.6M | ||
| Q1 24 | $106.0M | $352.8M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $961.1M | $1.2B | ||
| Q3 25 | $884.0M | $1.2B | ||
| Q2 25 | $781.4M | $953.1M | ||
| Q1 25 | $705.8M | $797.9M | ||
| Q4 24 | $652.4M | $624.5M | ||
| Q3 24 | $611.1M | $771.2M | ||
| Q2 24 | $567.5M | $650.1M | ||
| Q1 24 | $534.8M | $598.3M |
| Q4 25 | $1.7B | $7.0B | ||
| Q3 25 | $1.6B | $7.1B | ||
| Q2 25 | $1.5B | $7.2B | ||
| Q1 25 | $1.4B | $7.0B | ||
| Q4 24 | $1.3B | $7.0B | ||
| Q3 24 | $1.2B | $7.3B | ||
| Q2 24 | $1.2B | $7.3B | ||
| Q1 24 | $1.1B | $7.2B |
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $-18.9M | $257.7M |
| FCF MarginFCF / Revenue | -2.2% | 18.5% |
| Capex IntensityCapex / Revenue | 5.3% | 2.6% |
| Cash ConversionOCF / Net Profit | 0.30× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $293.6M | ||
| Q3 25 | $132.0M | $165.9M | ||
| Q2 25 | $92.0M | $136.6M | ||
| Q1 25 | $24.8M | $31.9M | ||
| Q4 24 | $37.3M | $244.2M | ||
| Q3 24 | $92.8M | $170.5M | ||
| Q2 24 | $82.9M | $188.2M | ||
| Q1 24 | $33.7M | $125.1M |
| Q4 25 | $-18.9M | $257.7M | ||
| Q3 25 | $112.0M | $119.6M | ||
| Q2 25 | $74.8M | $93.2M | ||
| Q1 25 | $7.9M | $-12.0M | ||
| Q4 24 | $24.1M | $185.1M | ||
| Q3 24 | $78.5M | $115.2M | ||
| Q2 24 | $65.4M | $129.5M | ||
| Q1 24 | $26.9M | $78.0M |
| Q4 25 | -2.2% | 18.5% | ||
| Q3 25 | 12.5% | 8.9% | ||
| Q2 25 | 8.4% | 7.0% | ||
| Q1 25 | 0.9% | -0.9% | ||
| Q4 24 | 3.2% | 13.6% | ||
| Q3 24 | 10.1% | 8.6% | ||
| Q2 24 | 8.5% | 9.7% | ||
| Q1 24 | 3.8% | 5.9% |
| Q4 25 | 5.3% | 2.6% | ||
| Q3 25 | 2.2% | 3.4% | ||
| Q2 25 | 1.9% | 3.3% | ||
| Q1 25 | 2.0% | 3.5% | ||
| Q4 24 | 1.8% | 4.4% | ||
| Q3 24 | 1.8% | 4.1% | ||
| Q2 24 | 2.3% | 4.4% | ||
| Q1 24 | 1.0% | 3.6% |
| Q4 25 | 0.30× | 6.70× | ||
| Q3 25 | 1.29× | 0.65× | ||
| Q2 25 | 1.16× | 1.47× | ||
| Q1 25 | 0.34× | 0.28× | ||
| Q4 24 | 0.65× | — | ||
| Q3 24 | 1.42× | 1.86× | ||
| Q2 24 | 1.24× | 1.91× | ||
| Q1 24 | 0.59× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
