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

IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $661.7M, roughly 1.3× SouthState Bank Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs 10.5%, a 23.6% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% CAGR vs 11.1%).

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.

SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.

IESC vs SSB — Head-to-Head

Bigger by revenue
IESC
IESC
1.3× larger
IESC
$871.0M
$661.7M
SSB
Higher net margin
SSB
SSB
23.6% more per $
SSB
34.1%
10.5%
IESC
Faster 2-yr revenue CAGR
SSB
SSB
Annualised
SSB
37.4%
11.1%
IESC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IESC
IESC
SSB
SSB
Revenue
$871.0M
$661.7M
Net Profit
$91.8M
$225.8M
Gross Margin
25.3%
Operating Margin
11.2%
15.1%
Net Margin
10.5%
34.1%
Revenue YoY
16.2%
Net Profit YoY
59.1%
153.5%
EPS (diluted)
$4.51
$2.28

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
SSB
SSB
Q1 26
$661.7M
Q4 25
$871.0M
$581.1M
Q3 25
$897.8M
$599.7M
Q2 25
$890.2M
$577.9M
Q1 25
$834.0M
$544.5M
Q4 24
$749.5M
$369.8M
Q3 24
$775.8M
$351.5M
Q2 24
$768.4M
$350.3M
Net Profit
IESC
IESC
SSB
SSB
Q1 26
$225.8M
Q4 25
$91.8M
$247.7M
Q3 25
$102.3M
$246.6M
Q2 25
$79.3M
$215.2M
Q1 25
$72.6M
$89.1M
Q4 24
$57.7M
$144.2M
Q3 24
$65.5M
$143.2M
Q2 24
$66.6M
$132.4M
Gross Margin
IESC
IESC
SSB
SSB
Q1 26
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%
Operating Margin
IESC
IESC
SSB
SSB
Q1 26
15.1%
Q4 25
11.2%
54.3%
Q3 25
11.6%
53.6%
Q2 25
12.6%
48.8%
Q1 25
11.1%
22.3%
Q4 24
10.0%
50.7%
Q3 24
9.7%
53.1%
Q2 24
11.7%
49.3%
Net Margin
IESC
IESC
SSB
SSB
Q1 26
34.1%
Q4 25
10.5%
42.6%
Q3 25
11.4%
41.1%
Q2 25
8.9%
37.2%
Q1 25
8.7%
16.4%
Q4 24
7.7%
39.0%
Q3 24
8.4%
40.7%
Q2 24
8.7%
37.8%
EPS (diluted)
IESC
IESC
SSB
SSB
Q1 26
$2.28
Q4 25
$4.51
$2.47
Q3 25
$4.99
$2.42
Q2 25
$3.81
$2.11
Q1 25
$3.50
$0.87
Q4 24
$2.72
$1.88
Q3 24
$3.06
$1.86
Q2 24
$2.67
$1.73

Balance Sheet & Financial Strength

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

Metric
IESC
IESC
SSB
SSB
Cash + ST InvestmentsLiquidity on hand
$258.7M
$2.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$961.1M
$9.0B
Total Assets
$1.7B
$68.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IESC
IESC
SSB
SSB
Q1 26
$2.9B
Q4 25
$258.7M
Q3 25
$231.8M
Q2 25
$168.3M
Q1 25
$88.3M
Q4 24
$112.0M
Q3 24
$135.8M
Q2 24
$44.9M
Stockholders' Equity
IESC
IESC
SSB
SSB
Q1 26
$9.0B
Q4 25
$961.1M
$9.1B
Q3 25
$884.0M
$9.0B
Q2 25
$781.4M
$8.8B
Q1 25
$705.8M
$8.6B
Q4 24
$652.4M
$5.9B
Q3 24
$611.1M
$5.9B
Q2 24
$567.5M
$5.7B
Total Assets
IESC
IESC
SSB
SSB
Q1 26
$68.0B
Q4 25
$1.7B
$67.2B
Q3 25
$1.6B
$66.0B
Q2 25
$1.5B
$65.9B
Q1 25
$1.4B
$65.1B
Q4 24
$1.3B
$46.4B
Q3 24
$1.2B
$46.1B
Q2 24
$1.2B
$45.5B

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IESC
IESC
SSB
SSB
Q1 26
Q4 25
$27.7M
$232.1M
Q3 25
$132.0M
$122.4M
Q2 25
$92.0M
$72.6M
Q1 25
$24.8M
$-126.3M
Q4 24
$37.3M
$354.3M
Q3 24
$92.8M
$-246.8M
Q2 24
$82.9M
$126.8M
Free Cash Flow
IESC
IESC
SSB
SSB
Q1 26
Q4 25
$-18.9M
$215.5M
Q3 25
$112.0M
$101.7M
Q2 25
$74.8M
$52.5M
Q1 25
$7.9M
$-139.1M
Q4 24
$24.1M
$340.9M
Q3 24
$78.5M
$-254.2M
Q2 24
$65.4M
$117.3M
FCF Margin
IESC
IESC
SSB
SSB
Q1 26
Q4 25
-2.2%
37.1%
Q3 25
12.5%
17.0%
Q2 25
8.4%
9.1%
Q1 25
0.9%
-25.5%
Q4 24
3.2%
92.2%
Q3 24
10.1%
-72.3%
Q2 24
8.5%
33.5%
Capex Intensity
IESC
IESC
SSB
SSB
Q1 26
Q4 25
5.3%
2.9%
Q3 25
2.2%
3.5%
Q2 25
1.9%
3.5%
Q1 25
2.0%
2.4%
Q4 24
1.8%
3.6%
Q3 24
1.8%
2.1%
Q2 24
2.3%
2.7%
Cash Conversion
IESC
IESC
SSB
SSB
Q1 26
Q4 25
0.30×
0.94×
Q3 25
1.29×
0.50×
Q2 25
1.16×
0.34×
Q1 25
0.34×
-1.42×
Q4 24
0.65×
2.46×
Q3 24
1.42×
-1.72×
Q2 24
1.24×
0.96×

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%

SSB
SSB

Net Interest Income$561.6M85%
Noninterest Income$100.1M15%

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