undamentalytics Newsletter
Sign in

Innovative Solutions & Support Inc key statistics and ratios

In fiscal 2025, Innovative Solutions & Support Inc had return on equity of 28.1%, an operating margin of 23.8%, debt equal to 37.7% of equity and a current ratio of 3.04. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Sept 20092010Sept 20102011Sept 20112012Sept 20122013Sept 20132014Sept 20142015Sept 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Gross margin51.3%54.4%53.6%42.8%40.0%30.8%34.5%58.9%48.4%47.2%56.3%54.7%55.5%60.1%61.2%54.9%48.1%54.9%
Operating margin13.3%1.6%2.4%1.7%6.1%−0.3%−18.0%8.7%−0.5%−26.8%8.7%12.7%16.9%26.0%21.1%20.5%23.8%27.4%
Net margin13.6%3.0%2.8%12.1%6.0%0.5%−29.2%7.1%27.2%−26.4%10.5%15.1%22.0%19.9%17.3%14.8%18.5%20.5%
Free-cash-flow margin13.6%21.4%7.9%4.7%−8.7%−3.2%6.0%11.5%35.2%−31.0%11.5%19.7%18.5%21.4%5.2%10.9%8.1%15.3%
Return on equity9.6%1.4%1.3%5.4%4.1%0.5%−17.2%6.2%13.0%−10.2%5.3%10.2%19.3%20.0%17.4%16.4%28.1%26.9%
Return on assets—1.3%1.2%4.9%3.6%0.5%−14.6%5.5%11.8%−9.3%4.8%8.2%14.8%17.9%12.3%9.6%16.8%15.2%
Asset turnover—0.440.440.410.601.020.500.770.430.350.460.540.670.900.710.650.910.74
Current ratio—15.0515.6110.285.305.215.978.2210.178.5613.002.437.167.165.424.773.042.97
Debt to equity0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%—0.0%0.0%0.0%50.5%60.1%37.7%70.6%
Interest cover (operating income ÷ interest)59.3x171.3x————————————18.7x10.3x11.6x10.1x
Effective tax rate4.5%−17.1%20.4%—6.0%——22.2%5.1%—0.1%−36.7%−27.4%24.8%21.1%20.9%21.7%22.5%
R&D as % of revenue14.5%20.7%21.4%11.0%8.2%5.9%13.5%17.4%26.5%25.8%14.2%13.7%11.4%9.8%9.0%8.8%4.7%6.5%
SG&A as % of revenue23.5%32.1%29.9%30.1%25.7%25.2%39.1%32.8%22.3%48.2%33.4%28.2%27.2%24.3%31.1%25.7%19.5%21.0%
Capital spending as % of revenue0.9%0.8%1.0%0.9%1.9%1.6%0.9%1.3%0.9%18.4%0.5%1.6%1.5%0.6%0.9%1.4%7.7%4.5%
Free cash flow ÷ net income99.6%723.0%282.0%39.0%−146.1%−714.9%—161.5%129.4%—109.5%130.0%83.9%107.4%29.8%73.4%43.5%74.8%
Dividends ÷ net income————>999%——————605.2%390.7%—————
Dividends and buybacks ÷ free cash flow2.2%0.9%14.8%68.6%——21.0%22.6%———465.4%465.4%—————

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 6 checks passed · June 30, 2026
What it owns · $148m
Short-term assets $64mLonger-term assets $84m
What it owes, and who funded it · $148m
Short-term liabilities $22mLonger-term liabilities $49mShareholders' equity $77m
  • Short-term assets cover short-term liabilities $64m of assets due within a year against $22m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $64m short-term assets against $49m of longer-dated liabilities.
  • More cash than debt $11m of cash against $54m of debt.
  • Debt below 40% of shareholders' equity Debt is 70% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $19m of operating cash flow against $54m of debt.
  • Operating profit covers interest at least five times over Operating income of $25m against $3m of interest.

From Innovative Solutions & Support Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

62 /100

Moderate moat

How hard Innovative Solutions & Support's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 9.8% of total assets over 10 years.

  • Pricing power 16 / 20

    Gross margin has been a median 54.9%, moving by 4.9 percentage points (standard deviation) across 10 years.

  • Durability 5 / 20

    Operating margin has been a median 17.2%; its worst year was -29.1%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 9 of 10 years, at a median 11.7% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 5.9% over five years; stock-based pay has been a median 1.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: IA vs SIFCEPL vs IAIA vs XTIAIA vs PKE

More: Aerospace & Defense stocks compared, Industrials sector, rankings of US companies

Figures from Innovative Solutions & Support Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Innovative Solutions & Support Inc.