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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
SELECT MEDICAL HOLDINGS 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 1.4%, a 9.1% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs 6.4%). SELECT MEDICAL HOLDINGS CORP produced more free cash flow last quarter ($5.2M vs $-18.9M). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 2.8%).
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.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
IESC vs SEM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $1.4B |
| Net Profit | $91.8M | $20.2M |
| Gross Margin | 25.3% | — |
| Operating Margin | 11.2% | 4.6% |
| Net Margin | 10.5% | 1.4% |
| Revenue YoY | 16.2% | 6.4% |
| Net Profit YoY | 59.1% | 225.7% |
| EPS (diluted) | $4.51 | $0.17 |
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 | $1.4B | ||
| Q2 25 | $890.2M | $1.3B | ||
| Q1 25 | $834.0M | $1.4B | ||
| Q4 24 | $749.5M | $1.3B | ||
| Q3 24 | $775.8M | $1.3B | ||
| Q2 24 | $768.4M | $1.3B | ||
| Q1 24 | $705.7M | $1.3B |
| Q4 25 | $91.8M | $20.2M | ||
| Q3 25 | $102.3M | $28.8M | ||
| Q2 25 | $79.3M | $40.6M | ||
| Q1 25 | $72.6M | $56.7M | ||
| Q4 24 | $57.7M | $-16.1M | ||
| Q3 24 | $65.5M | $55.6M | ||
| Q2 24 | $66.6M | $77.6M | ||
| Q1 24 | $56.8M | $96.9M |
| 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% | 4.6% | ||
| Q3 25 | 11.6% | 5.4% | ||
| Q2 25 | 12.6% | 6.5% | ||
| Q1 25 | 11.1% | 8.3% | ||
| Q4 24 | 10.0% | 1.6% | ||
| Q3 24 | 9.7% | 4.3% | ||
| Q2 24 | 11.7% | 5.8% | ||
| Q1 24 | 11.0% | 9.0% |
| Q4 25 | 10.5% | 1.4% | ||
| Q3 25 | 11.4% | 2.1% | ||
| Q2 25 | 8.9% | 3.0% | ||
| Q1 25 | 8.7% | 4.2% | ||
| Q4 24 | 7.7% | -1.2% | ||
| Q3 24 | 8.4% | 4.4% | ||
| Q2 24 | 8.7% | 6.1% | ||
| Q1 24 | 8.0% | 7.3% |
| Q4 25 | $4.51 | $0.17 | ||
| Q3 25 | $4.99 | $0.23 | ||
| Q2 25 | $3.81 | $0.32 | ||
| Q1 25 | $3.50 | $0.44 | ||
| Q4 24 | $2.72 | $-0.12 | ||
| Q3 24 | $3.06 | $0.43 | ||
| Q2 24 | $2.67 | $0.60 | ||
| Q1 24 | $2.29 | $0.75 |
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 | $26.5M |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $961.1M | $1.7B |
| Total Assets | $1.7B | $5.9B |
| Debt / EquityLower = less leverage | — | 1.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $258.7M | $26.5M | ||
| Q3 25 | $231.8M | $60.1M | ||
| Q2 25 | $168.3M | $52.3M | ||
| Q1 25 | $88.3M | $53.2M | ||
| Q4 24 | $112.0M | $59.7M | ||
| Q3 24 | $135.8M | $191.5M | ||
| Q2 24 | $44.9M | $111.2M | ||
| Q1 24 | $106.0M | $92.6M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | $961.1M | $1.7B | ||
| Q3 25 | $884.0M | $1.7B | ||
| Q2 25 | $781.4M | $1.7B | ||
| Q1 25 | $705.8M | $1.7B | ||
| Q4 24 | $652.4M | $1.7B | ||
| Q3 24 | $611.1M | $1.9B | ||
| Q2 24 | $567.5M | $1.4B | ||
| Q1 24 | $534.8M | $1.4B |
| Q4 25 | $1.7B | $5.9B | ||
| Q3 25 | $1.6B | $5.7B | ||
| Q2 25 | $1.5B | $5.7B | ||
| Q1 25 | $1.4B | $5.7B | ||
| Q4 24 | $1.3B | $5.6B | ||
| Q3 24 | $1.2B | $8.0B | ||
| Q2 24 | $1.2B | $7.9B | ||
| Q1 24 | $1.1B | $7.9B |
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 2.54× | ||
| Q1 24 | — | 2.75× |
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 | $64.3M |
| Free Cash FlowOCF − Capex | $-18.9M | $5.2M |
| FCF MarginFCF / Revenue | -2.2% | 0.4% |
| Capex IntensityCapex / Revenue | 5.3% | 4.2% |
| Cash ConversionOCF / Net Profit | 0.30× | 3.19× |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | $117.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $64.3M | ||
| Q3 25 | $132.0M | $175.3M | ||
| Q2 25 | $92.0M | $110.3M | ||
| Q1 25 | $24.8M | $-3.5M | ||
| Q4 24 | $37.3M | $125.4M | ||
| Q3 24 | $92.8M | $181.0M | ||
| Q2 24 | $82.9M | $278.2M | ||
| Q1 24 | $33.7M | $-66.7M |
| Q4 25 | $-18.9M | $5.2M | ||
| Q3 25 | $112.0M | $122.2M | ||
| Q2 25 | $74.8M | $45.6M | ||
| Q1 25 | $7.9M | $-55.8M | ||
| Q4 24 | $24.1M | $62.0M | ||
| Q3 24 | $78.5M | $130.3M | ||
| Q2 24 | $65.4M | $222.6M | ||
| Q1 24 | $26.9M | $-119.2M |
| Q4 25 | -2.2% | 0.4% | ||
| Q3 25 | 12.5% | 9.0% | ||
| Q2 25 | 8.4% | 3.4% | ||
| Q1 25 | 0.9% | -4.1% | ||
| Q4 24 | 3.2% | 4.7% | ||
| Q3 24 | 10.1% | 10.2% | ||
| Q2 24 | 8.5% | 17.4% | ||
| Q1 24 | 3.8% | -9.0% |
| Q4 25 | 5.3% | 4.2% | ||
| Q3 25 | 2.2% | 3.9% | ||
| Q2 25 | 1.9% | 4.8% | ||
| Q1 25 | 2.0% | 3.9% | ||
| Q4 24 | 1.8% | 4.8% | ||
| Q3 24 | 1.8% | 4.0% | ||
| Q2 24 | 2.3% | 4.3% | ||
| Q1 24 | 1.0% | 4.0% |
| Q4 25 | 0.30× | 3.19× | ||
| Q3 25 | 1.29× | 6.09× | ||
| Q2 25 | 1.16× | 2.72× | ||
| Q1 25 | 0.34× | -0.06× | ||
| Q4 24 | 0.65× | — | ||
| Q3 24 | 1.42× | 3.25× | ||
| Q2 24 | 1.24× | 3.59× | ||
| Q1 24 | 0.59× | -0.69× |
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% |
SEM
| Critical Illness Recovery Hospitals | $629.7M | 45% |
| Health Care Patient Service Non Medicare | $428.6M | 31% |
| Rehabilitation Hospitals | $339.2M | 24% |
