TacticScaleWhat IES Does & How It Makes Money (IESC)
Updated October 2026 · reflects IES's latest reported financials
US contractor installing electrical, communications, and power infrastructure systems. It earns revenue mainly from installation and construction contracts with homebuilders, building owners, and data center operators, plus sales of custom-engineered power products and repair and maintenance services.
How IES makes money
It earns revenue mainly from installation and construction contracts with homebuilders, building owners, and data center operators, plus sales of custom-engineered power products and repair and maintenance services.
What IES does
IES Holdings, formerly Integrated Electrical Services and headquartered in Sugar Land, Texas, is a US installer of electrical and technology systems. It has four segments. Communications builds and maintains network, cabling, audio/visual, and security systems inside data centers, distribution centers, offices, hospitals, and high-tech factories. Residential does electrical, HVAC, plumbing, cable TV, and solar installation for single-family homes and apartment buildings. Infrastructure Solutions makes custom power distribution products, including metal enclosed bus ducts, generator enclosures, and industrial lifting magnets. It also repairs electric motors, generators, and railroad traction equipment. Commercial & Industrial provides electrical and mechanical design and construction for offices, factories, data centers, wind and solar farms, municipal infrastructure, and healthcare facilities. Because the company works across so many end markets, its results depend on housing activity as well as data center and industrial construction.
Products & services
- Data center communications infrastructure
- Residential electrical, HVAC and plumbing installation
- Metal enclosed bus duct and generator enclosures
- Motor, generator and railroad traction motor repair
- Commercial & industrial electrical construction
- Residential solar installation
What is IES worth?
On an owner-earnings DCF, IES's most-likely value is about $131 versus a recent price near $298 (56% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$55) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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