IESC
IES Holdings, Inc.
IESC has the edge over RDW overall, supported by lower modeled downside and stronger valuation.
RDW
Redwire Corporation
RDW offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
IESC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Strong |
IESC's revenue, profitability, cash flow and balance sheet are all currently healthy.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
IESC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $174 | -0.2% |
| Current | 15x | $174 | — |
| Fair | 20x | $228 | +31% |
| Expensive | 27x | $304 | +74% |
Historical ranges are pointers, not guarantees.
IESC's PE is in its cheap range at 15x.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
IESC Forward outlook
There aren't enough analyst estimates for IESC to show an outlook.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
IESC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $11.26 | +72% |
| Q1 2026 | $9.38 | +57% |
| Q4 2025 | $8.40 | +56% |
| Q3 2025 | $7.51 | +52% |
| Q2 2025 | $6.54 | +54% |
| Q1 2025 | $5.97 | +80% |
| Q4 2024 | $5.37 | +103% |
| Q3 2024 | $4.95 | +118% |
IESC has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
IESC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.2B | +40% |
| Q1 2026 | $974.3M | +17% |
| Q4 2025 | $871M | +16% |
| Q3 2025 | $897.8M | +16% |
| Q2 2025 | $890.2M | +16% |
| Q1 2025 | $834M | +18% |
| Q4 2024 | $749.5M | +18% |
| Q3 2024 | $775.8M | +20% |
IESC's revenue has grown year over year every quarter since late 2020: $1.2B last quarter, up 40% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 14% | +1.8 points |
| Q1 2026 | 12% | +0.4 points |
| Q4 2025 | 11% | +1.3 points |
| Q3 2025 | 12% | +1.9 points |
| Q2 2025 | 13% | +0.8 points |
| Q1 2025 | 11% | +0.1 points |
| Q4 2024 | 10% | +0.8 points |
| Q3 2024 | 9.7% | +1.5 points |
IESC has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
IESC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $63.8M | -15% |
| Q1 2026 | $71.5M | +805% |
| Q4 2025 | -$18.9M | -178% |
| Q3 2025 | $112M | +43% |
| Q2 2025 | $74.8M | +14% |
| Q1 2025 | $7.9M | -71% |
| Q4 2024 | $24.1M | +31% |
| Q3 2024 | $78.5M | +54% |
IESC has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
IESC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +22.6K shares |
| 1 year | +0.5% | +187K shares |
| 3 years | -1% | -416K shares |
| 5 years | -4.2% | -1.8M shares |
| Available history | -5.2% | -2.2M shares |
IESC has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $136,000 |
| Q1 2026 | $1.7M |
| Q4 2025 | $17.7M |
| Q3 2025 | $51,000 |
| Q2 2025 | $5.3M |
| Q1 2025 | $20.5M |
| Q4 2024 | $15.7M |
| Q3 2024 | $19.7M |
IESC spent $20M buying back its own shares over the past year, down 68% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
IESC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
| Q3 2024 | -0.3x | Net Cash |
| Q2 2024 | -0.1x | Net Cash |
IESC has more cash than debt.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
IESC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.9 | Neutral |
| Stochastic | 6.6 | Oversold |
IESC's weekly RSI is 32 (neutral) and its Stochastic is 7 (oversold).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
IESC PE vs Industrials Sector
| Metric | IESC | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 24x | 36% below |
| PE % | 17 | 58 | 41 pts below |
IESC is trading at 15x earnings, a 36% discount to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
IESC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $245.6 | 29% below |
| 20 week MA | $299.9 | 42% below |
| 50 week MA | $279.7 | 38% below |
| 100 week MA | $211.3 | 18% below |
| 200 week MA | $132.8 | 31% above |
IESC has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
IESC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.0 | $24.2 | +86% |
| 2021 | $24.2 | $25.5 | +5.3% |
| 2022 | $25.5 | $17.1 | -33% |
| 2023 | $17.1 | $39.6 | +132% |
| 2024 | $39.6 | $105.3 | +166% |
| 2025 | $105.3 | $201.6 | +92% |
| 2026 YTD | $201.6 | $174.2 | -14% |
IESC has finished higher in five of the last six years, four of them by more than 50%. It's down 14% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over IESC on returns for 2026, with the stronger performance.