Innovative Solutions & Support IncInnovative Solutions & Support Inc
Innovative Solutions & Support Inc

Innovative Solutions & Support Inc

ISSC
Industrials·Aerospace & Defense

Innovative Solutions & Support, Inc. engages in the manufacture of flight navigation systems. It designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. It supplies integrated flight management systems, flat panel display systems, integrated standby units, and global positioning system receivers. The company was founded by Geoffrey S. M. Hedrick on February 12, 1988 and is headquartered in Exton, PA.

Pennsylvania; U.S.A
Market cap
No dataNo data
Revenue
$84.3M+78.6% YoY
Net income
$15.6M+123.3% YoY
Free cash flow
$6.8M+32.2% YoY

Market

Listed stock
ISSCPriceNasdaq
Loading…Loading…1Y

Financial performance

Revenue
$84.3M+78.6% YoY
Operating income
$20.1M+107.8% YoY
Net income
$15.6M+123.3% YoY
Free cash flow
$6.8M+32.2% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $23M, 2022 $27.7M, 2023 $34.8M, 2024 $47.2M, 2025 $84.3M. Operating income: 2021 $3.9M, 2022 $7.2M, 2023 $7.4M, 2024 $9.7M, 2025 $20.1M. Net income: 2021 $5.1M, 2022 $5.5M, 2023 $6M, 2024 $7M, 2025 $15.6M. Free cash flow: 2021 $4.3M, 2022 $5.9M, 2023 $1.8M, 2024 $5.1M, 2025 $6.8M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
78.6%+4301 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
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Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-09-30 $3.9M, 2022-09-30 $7.2M, 2023-09-30 $7.4M, 2024-09-30 $9.7M, 2025-09-30 $20.1M. Net income: 2021-09-30 $5.1M, 2022-09-30 $5.5M, 2023-09-30 $6M, 2024-09-30 $7M, 2025-09-30 $15.6M. Free cash flow: 2021-09-30 $4.3M, 2022-09-30 $5.9M, 2023-09-30 $1.8M, 2024-09-30 $5.1M, 2025-09-30 $6.8M

Growth heatmap

2022202320242025CAGR
Revenue
+20.4%
+25.5%
+35.6%
+78.6%
+38.3%
Gross profit
+30.5%
+27.8%
+21.6%
+56.3%
+33.4%
Operating income
+85.0%
+2.0%
+31.3%
+107.8%
+50.6%
Free cash flow
+39.5%
-69.7%
+185.8%
+32.2%
+12.4%

Earnings quality

Operating cash flow
$13.3M+129.5% YoY
Net income
$15.6M+123.3% YoY
Free cash flow
$6.8M+32.2% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-09-30 85%, 2024-09-30 83%, 2023-09-30 35%, 2022-09-30 110%, 2021-09-30 91%. Free cash flow: 2025-09-30 43%, 2024-09-30 73%, 2023-09-30 30%, 2022-09-30 107%, 2021-09-30 84%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
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FCF / share
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

No data

Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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