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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
MARRIOTT VACATIONS WORLDWIDE Corp is the larger business by last-quarter revenue ($1.2B vs $871.0M, roughly 1.4× IES Holdings, Inc.). IES Holdings, Inc. runs the higher net margin — 10.5% vs -35.0%, a 45.5% gap on every dollar of revenue. On growth, IES Holdings, Inc. posted the faster year-over-year revenue change (16.2% vs -0.7%). MARRIOTT VACATIONS WORLDWIDE Corp produced more free cash flow last quarter ($-6.0M vs $-18.9M). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 5.2%).
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.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
IESC vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $1.2B |
| Net Profit | $91.8M | $-431.0M |
| Gross Margin | 25.3% | — |
| Operating Margin | 11.2% | — |
| Net Margin | 10.5% | -35.0% |
| Revenue YoY | 16.2% | -0.7% |
| Net Profit YoY | 59.1% | -962.0% |
| EPS (diluted) | $4.51 | $-12.00 |
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 | $1.1B | ||
| Q4 24 | $749.5M | $1.2B | ||
| Q3 24 | $775.8M | $1.2B | ||
| Q2 24 | $768.4M | $1.1B | ||
| Q1 24 | $705.7M | $1.1B |
| Q4 25 | $91.8M | $-431.0M | ||
| Q3 25 | $102.3M | $-2.0M | ||
| Q2 25 | $79.3M | $69.0M | ||
| Q1 25 | $72.6M | $56.0M | ||
| Q4 24 | $57.7M | $50.0M | ||
| Q3 24 | $65.5M | $84.0M | ||
| Q2 24 | $66.6M | $37.0M | ||
| Q1 24 | $56.8M | $47.0M |
| 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% | — | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 11.1% | — | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 11.0% | — |
| Q4 25 | 10.5% | -35.0% | ||
| Q3 25 | 11.4% | -0.2% | ||
| Q2 25 | 8.9% | 6.0% | ||
| Q1 25 | 8.7% | 5.0% | ||
| Q4 24 | 7.7% | 4.0% | ||
| Q3 24 | 8.4% | 6.9% | ||
| Q2 24 | 8.7% | 3.5% | ||
| Q1 24 | 8.0% | 4.2% |
| Q4 25 | $4.51 | $-12.00 | ||
| Q3 25 | $4.99 | $-0.07 | ||
| Q2 25 | $3.81 | $1.77 | ||
| Q1 25 | $3.50 | $1.46 | ||
| Q4 24 | $2.72 | $1.29 | ||
| Q3 24 | $3.06 | $2.12 | ||
| Q2 24 | $2.67 | $0.98 | ||
| Q1 24 | $2.29 | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $961.1M | $2.0B |
| Total Assets | $1.7B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $258.7M | $406.0M | ||
| Q3 25 | $231.8M | $474.0M | ||
| Q2 25 | $168.3M | $205.0M | ||
| Q1 25 | $88.3M | $196.0M | ||
| Q4 24 | $112.0M | $197.0M | ||
| Q3 24 | $135.8M | $197.0M | ||
| Q2 24 | $44.9M | $206.0M | ||
| Q1 24 | $106.0M | $237.0M |
| Q4 25 | $961.1M | $2.0B | ||
| Q3 25 | $884.0M | $2.5B | ||
| Q2 25 | $781.4M | $2.5B | ||
| Q1 25 | $705.8M | $2.4B | ||
| Q4 24 | $652.4M | $2.4B | ||
| Q3 24 | $611.1M | $2.4B | ||
| Q2 24 | $567.5M | $2.4B | ||
| Q1 24 | $534.8M | $2.4B |
| Q4 25 | $1.7B | $9.8B | ||
| Q3 25 | $1.6B | $10.1B | ||
| Q2 25 | $1.5B | $9.9B | ||
| Q1 25 | $1.4B | $9.9B | ||
| Q4 24 | $1.3B | $9.8B | ||
| Q3 24 | $1.2B | $9.7B | ||
| Q2 24 | $1.2B | $9.6B | ||
| Q1 24 | $1.1B | $9.9B |
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 | $6.0M |
| Free Cash FlowOCF − Capex | $-18.9M | $-6.0M |
| FCF MarginFCF / Revenue | -2.2% | -0.5% |
| Capex IntensityCapex / Revenue | 5.3% | 1.0% |
| Cash ConversionOCF / Net Profit | 0.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $6.0M | ||
| Q3 25 | $132.0M | $62.0M | ||
| Q2 25 | $92.0M | $-48.0M | ||
| Q1 25 | $24.8M | $8.0M | ||
| Q4 24 | $37.3M | $100.0M | ||
| Q3 24 | $92.8M | $72.0M | ||
| Q2 24 | $82.9M | $30.0M | ||
| Q1 24 | $33.7M | $3.0M |
| Q4 25 | $-18.9M | $-6.0M | ||
| Q3 25 | $112.0M | $51.0M | ||
| Q2 25 | $74.8M | $-68.0M | ||
| Q1 25 | $7.9M | $-6.0M | ||
| Q4 24 | $24.1M | $86.0M | ||
| Q3 24 | $78.5M | $58.0M | ||
| Q2 24 | $65.4M | $17.0M | ||
| Q1 24 | $26.9M | $-13.0M |
| Q4 25 | -2.2% | -0.5% | ||
| Q3 25 | 12.5% | 4.3% | ||
| Q2 25 | 8.4% | -5.9% | ||
| Q1 25 | 0.9% | -0.5% | ||
| Q4 24 | 3.2% | 6.9% | ||
| Q3 24 | 10.1% | 4.8% | ||
| Q2 24 | 8.5% | 1.6% | ||
| Q1 24 | 3.8% | -1.2% |
| Q4 25 | 5.3% | 1.0% | ||
| Q3 25 | 2.2% | 0.9% | ||
| Q2 25 | 1.9% | 1.7% | ||
| Q1 25 | 2.0% | 1.3% | ||
| Q4 24 | 1.8% | 1.1% | ||
| Q3 24 | 1.8% | 1.1% | ||
| Q2 24 | 2.3% | 1.2% | ||
| Q1 24 | 1.0% | 1.4% |
| Q4 25 | 0.30× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 1.16× | -0.70× | ||
| Q1 25 | 0.34× | 0.14× | ||
| Q4 24 | 0.65× | 2.00× | ||
| Q3 24 | 1.42× | 0.86× | ||
| Q2 24 | 1.24× | 0.81× | ||
| Q1 24 | 0.59× | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
