IES Holdings vs Legence
IES Holdings is the larger business, with $3.37bn of revenue in fiscal 2025 against $2.55bn for Legence (1.3 times as much). Legence grew faster (21.5% against 16.9%). IES Holdings kept more of each dollar of sales as profit: a net margin of 9.1% against -2.3%. IES Holdings carries less debt relative to equity (0.0% against 213.1%).
| Latest fiscal year | IES HoldingsIESC, 2025 | LegenceLGN, 2025 |
|---|---|---|
| Revenue | $3.37bn | $2.55bn |
| Revenue growth | 16.9% | 21.5% |
| Net income | $306m | −$59.8m |
| Operating margin | 11.4% | 2.4% |
| Net margin | 9.1% | -2.3% |
| Return on equity | 40.9% | -15.2% |
| Free cash flow | $219m | $219m |
| Cash | $127m | $230m |
| Total debt | $0 | $836m |
| Debt to equity | 0.0% | 213.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $41.6m | — |
| Employees | 10,283 | 7,000 |
| Market value | $4.03bn | $2.96bn |
| Price vs our value range | Below our value range | — |
| Moat score | 53 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 144 sales | 0 buys, 8 sales |