IES Holdings, Inc. — Earnings Quality Grade A
IESC · Industrials
Strong financial health
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 71 days, change -0 days YoY
AR growth 16.5% vs revenue growth 16.9%
Revenue 16.9%, CFFO 22.1%. Cash follows revenue
Expense Quality
Inventory 9.6% vs COGS 14.8%. Normal
CapEx growth 48.9% is >2x revenue growth 16.9%
SG&A/Gross Profit = 55.3%. Normal
Gross margin 25.5%, change +1.3pp. Stable
Cash Flow Quality
CFFO/NI = 0.94. Profits backed by cash
FCF $0.2B, FCF/NI = 0.72
Accruals ratio = 1.2%. Low accruals
Cash $0.2B covers debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 17% of equity. Manageable
Debt/EBITDA = 0.2x. Healthy
Other assets -3.6% vs revenue 16.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 7% YoY. Normal
Manipulation Score
M-Score = -2.26 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25