Residential was IES Holdings’s largest segment in fiscal 2025, bringing in $1.30B of $3.37B (39%).
| Segment | FY 2010 | FY 2011 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Residential | $1.13B | $1.28B | $1.39B | $1.30B | ||||||||||||
| Communications | $559.78M | $600.78M | $776.47M | $1.14B | ||||||||||||
| Commercial & Industrial | $308.50M | $279.59M | $367.95M | $427.74M | ||||||||||||
| Infrastructure Solutions | $167.11M | $217.35M | $351.10M | $498.72M | ||||||||||||
| Commercial Industrial Member Domain | — | — | — | — | ||||||||||||
| Commercial Industrial | — | — | — | — | ||||||||||||
| Miscor | — | — | — | — | ||||||||||||
| Total | $2.17B | $2.38B | $2.88B | $3.37B |
IES Holdings brought in $3.37B from its four segments in fiscal 2025, the year ended September 30, 2025. That was up 16.9% from $2.88B in fiscal 2024. Residential was the largest at $1.30B (38.7%), ahead of Communications at $1.14B (33.8%) and Infrastructure Solutions at $498.72M (14.8%). The remaining segment, Commercial & Industrial, brought in $427.74M.
Compared with fiscal 2024, Communications grew fastest, up 46.9% to $1.14B, while Residential fell the most, down 6.1% to $1.30B. From fiscal 2022 to 2025, combined revenue from these segments grew from $2.17B to $3.37B, a compound annual growth rate of 15.9%. Residential's share of the total fell from 52.2% to 38.7%.
Fixed-Price Contract was IES Holdings’s largest revenue line in fiscal 2025, bringing in $2.94B of $3.37B (87%).
| 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 | $1.94B | $2.14B | $2.60B | $2.94B | |||||
| Time-&-Materials Contract | $225.37M | $241.33M | $288.21M | $433.49M | |||||
| Total | $2.17B | $2.38B | $2.88B | $3.37B |
IES Holdings brought in $3.37B from its two revenue lines in fiscal 2025, the year ended September 30, 2025. That was up 16.9% from $2.88B in fiscal 2024. Fixed-Price Contract was the largest at $2.94B (87.1%), ahead of Time-&-Materials Contract at $433.49M (12.9%).
Compared with fiscal 2024, Time-&-Materials Contract grew 50.4% to $433.49M and Fixed-Price Contract grew 13.2% to $2.94B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $2.17B to $3.37B, a compound annual growth rate of 15.9%. Fixed-Price Contract's share of the total fell from 89.6% to 87.1%.
IES Holdings (IESC) reports its revenue by segment and by contract with customer, basis of pricing. In fiscal 2025, Residential was its largest segment, bringing in $1.30B (38.7% of the total), followed by Communications at $1.14B (33.8%).
Residential was IES Holdings' largest segment in fiscal 2025, bringing in $1.30B, or 38.7% of the $3.37B total across its four segments.
Fixed-Price Contract was IES Holdings' largest revenue line in fiscal 2025, bringing in $2.94B, or 87.1% of the $3.37B total across its two revenue lines.
Among IES Holdings' segments that make up at least 2% of revenue, Communications grew fastest in fiscal 2025, up 46.9% from $776.47M to $1.14B.
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.