How IES Holdings makes money

Period

FY2025

How does IES Holdings make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

IES Holdings Inc. · FY2025 · year ended 2025-09-30

Revenue$3.4BGross profit$859M · 25%Cost of revenue$2.5B · 75%Operating income$384M · 11%Operating expenses$476M · 14%SG&A$475M · 14%Pre-tax income$403M · 12%Other income$19M · 1%Net income$306M · 9%Income tax$97M · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.