Infrastructure Solutions was IES Holdings’s largest segment in fiscal 2025, bringing in $997.45M of $3.18B (31%).
| Segment | FY 2010 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Communications | $735.03M | $809.37M | $1.11B | $673.42M | |||||||||||
| Revenues | — | — | — | — | |||||||||||
| Infrastructure Solutions | $334.23M | $434.71M | $702.19M | $997.45M | |||||||||||
| Commercial & Industrial | $617.01M | $559.19M | $735.90M | $855.47M | |||||||||||
| Residential | $611.82M | $636.47M | $663.19M | $651.60M | |||||||||||
| Total | $2.30B | $2.44B | $3.21B | $3.18B |
IES Holdings brought in $3.18B from its four segments in fiscal 2025, the year ended September 30, 2025. That was down 1.0% from $3.21B in fiscal 2024. Infrastructure Solutions was the largest at $997.45M (31.4%), ahead of Commercial & Industrial at $855.47M (26.9%) and Communications at $673.42M (21.2%). The remaining segment, Residential, brought in $651.60M.
Compared with fiscal 2024, Infrastructure Solutions grew fastest, up 42.0% to $997.45M, while Communications fell the most, down 39.2% to $673.42M. From fiscal 2022 to 2025, combined revenue from these segments grew from $2.30B to $3.18B, a compound annual growth rate of 11.4%. Infrastructure Solutions' share of the total rose from 14.5% to 31.4%.
Fixed-Price Contract was IES Holdings’s largest revenue line in fiscal 2025, bringing in $2.61B of $3.28B (79%).
| Contract With Customer Basis Of Pricing | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Fixed-Price Contract | $2.26B | $2.56B | $2.78B | $2.61B | |||||
| Time-&-Materials Contract | $384.53M | $392.18M | $444.63M | $673.42M | |||||
| Total | $2.65B | $2.95B | $3.22B | $3.28B |
IES Holdings brought in $3.28B from its two revenue lines in fiscal 2025, the year ended September 30, 2025. That was up 1.9% from $3.22B in fiscal 2024. Fixed-Price Contract was the largest at $2.61B (79.5%), ahead of Time-&-Materials Contract at $673.42M (20.5%).
Compared with fiscal 2024, Time-&-Materials Contract grew 51.5% to $673.42M, while Fixed-Price Contract fell 6.1% to $2.61B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $2.65B to $3.28B, a compound annual growth rate of 7.4%. Fixed-Price Contract's share of the total fell from 85.5% to 79.5%.
IES Holdings (IESC) reports its revenue by segment and by contract with customer basis of pricing. In fiscal 2025, Infrastructure Solutions was its largest segment, bringing in $997.45M (31.4% of the total), followed by Commercial & Industrial at $855.47M (26.9%).
Infrastructure Solutions was IES Holdings' largest segment in fiscal 2025, bringing in $997.45M, or 31.4% of the $3.18B total across its four segments.
Fixed-Price Contract was IES Holdings' largest revenue line in fiscal 2025, bringing in $2.61B, or 79.5% of the $3.28B total across its two revenue lines.
Among IES Holdings' segments that make up at least 2% of revenue, Infrastructure Solutions grew fastest in fiscal 2025, up 42.0% from $702.19M to $997.45M.
Every figure comes from IES Holdings' annual financial filings, as reported. Each line keeps the name IES Holdings gives it, and years follow its fiscal calendar.
IES Holdings' revenue by segment goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.