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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $517.5M, roughly 1.7× WOLVERINE WORLD WIDE INC). IES Holdings, Inc. runs the higher net margin — 10.5% vs 6.1%, a 4.4% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 16.2%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $-18.9M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% 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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
IESC vs WWW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $517.5M |
| Net Profit | $91.8M | $31.8M |
| Gross Margin | 25.3% | 47.3% |
| Operating Margin | 11.2% | 9.7% |
| Net Margin | 10.5% | 6.1% |
| Revenue YoY | 16.2% | 25.5% |
| Net Profit YoY | 59.1% | 162.8% |
| EPS (diluted) | $4.51 | $0.37 |
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.
| Q1 26 | — | $517.5M | ||
| Q4 25 | $871.0M | — | ||
| Q3 25 | $897.8M | $470.3M | ||
| Q2 25 | $890.2M | $474.2M | ||
| Q1 25 | $834.0M | $412.3M | ||
| Q4 24 | $749.5M | $494.7M | ||
| Q3 24 | $775.8M | $440.2M | ||
| Q2 24 | $768.4M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $91.8M | — | ||
| Q3 25 | $102.3M | $25.1M | ||
| Q2 25 | $79.3M | $26.8M | ||
| Q1 25 | $72.6M | $12.1M | ||
| Q4 24 | $57.7M | $23.1M | ||
| Q3 24 | $65.5M | $23.2M | ||
| Q2 24 | $66.6M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 25.3% | — | ||
| Q3 25 | 26.0% | 47.5% | ||
| Q2 25 | 26.9% | 47.2% | ||
| Q1 25 | 25.0% | 47.2% | ||
| Q4 24 | 23.8% | 43.4% | ||
| Q3 24 | 24.0% | 45.1% | ||
| Q2 24 | 25.3% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | 11.6% | 8.4% | ||
| Q2 25 | 12.6% | 8.6% | ||
| Q1 25 | 11.1% | 4.8% | ||
| Q4 24 | 10.0% | 7.4% | ||
| Q3 24 | 9.7% | 7.9% | ||
| Q2 24 | 11.7% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 10.5% | — | ||
| Q3 25 | 11.4% | 5.3% | ||
| Q2 25 | 8.9% | 5.7% | ||
| Q1 25 | 8.7% | 2.9% | ||
| Q4 24 | 7.7% | 4.7% | ||
| Q3 24 | 8.4% | 5.3% | ||
| Q2 24 | 8.7% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $4.51 | — | ||
| Q3 25 | $4.99 | $0.30 | ||
| Q2 25 | $3.81 | $0.32 | ||
| Q1 25 | $3.50 | $0.15 | ||
| Q4 24 | $2.72 | $0.29 | ||
| Q3 24 | $3.06 | $0.28 | ||
| Q2 24 | $2.67 | $0.17 |
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 | — |
| Total DebtLower is stronger | — | $621.7M |
| Stockholders' EquityBook value | $961.1M | $408.0M |
| Total Assets | $1.7B | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 | — |
| Q1 26 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $961.1M | — | ||
| Q3 25 | $884.0M | $376.7M | ||
| Q2 25 | $781.4M | $344.0M | ||
| Q1 25 | $705.8M | $310.6M | ||
| Q4 24 | $652.4M | $312.9M | ||
| Q3 24 | $611.1M | $295.2M | ||
| Q2 24 | $567.5M | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $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 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $-18.9M | $145.6M |
| FCF MarginFCF / Revenue | -2.2% | 28.1% |
| Capex IntensityCapex / Revenue | 5.3% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.30× | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $27.7M | — | ||
| Q3 25 | $132.0M | $33.0M | ||
| Q2 25 | $92.0M | $44.6M | ||
| Q1 25 | $24.8M | $-83.8M | ||
| Q4 24 | $37.3M | $82.4M | ||
| Q3 24 | $92.8M | $108.2M | ||
| Q2 24 | $82.9M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $-18.9M | — | ||
| Q3 25 | $112.0M | $30.1M | ||
| Q2 25 | $74.8M | $41.2M | ||
| Q1 25 | $7.9M | $-91.4M | ||
| Q4 24 | $24.1M | $74.4M | ||
| Q3 24 | $78.5M | $104.1M | ||
| Q2 24 | $65.4M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | -2.2% | — | ||
| Q3 25 | 12.5% | 6.4% | ||
| Q2 25 | 8.4% | 8.7% | ||
| Q1 25 | 0.9% | -22.2% | ||
| Q4 24 | 3.2% | 15.0% | ||
| Q3 24 | 10.1% | 23.6% | ||
| Q2 24 | 8.5% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.2% | 0.6% | ||
| Q2 25 | 1.9% | 0.7% | ||
| Q1 25 | 2.0% | 1.8% | ||
| Q4 24 | 1.8% | 1.6% | ||
| Q3 24 | 1.8% | 0.9% | ||
| Q2 24 | 2.3% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 0.30× | — | ||
| Q3 25 | 1.29× | 1.31× | ||
| Q2 25 | 1.16× | 1.66× | ||
| Q1 25 | 0.34× | -6.93× | ||
| Q4 24 | 0.65× | 3.57× | ||
| Q3 24 | 1.42× | 4.66× | ||
| Q2 24 | 1.24× | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
