Innovative Solutions & Support Inc. (ISSC) intrinsic value & 10-year financials
Innovative Solutions & Support Inc. (ISSC) has a Graham intrinsic value of $29.23 per share. At $24.78 on Oct 16, 2026, the stock trades 15% below that value. Over the last 10 fiscal years revenue grew 13.0% a year to $84.3M, with an average return on invested capital of 13.5%.
- Graham intrinsic value
- $29.23
- Share price (Oct 16, 2026)
- $24.78
- Price vs Graham value
- 15% below
- Market cap
- $441.8M
- Revenue (FY2025)
- $84.3M
- Revenue growth (10-yr CAGR)
- 13.0%
- ROIC (10-yr avg)
- 13.5%
- Free cash flow (FY2025)
- $6.8M
ISSC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $84.3M | $15.6M | $0.88 | $6.8M | 23.8% | 19.6% |
| FY2024 | $47.2M | $7.0M | $0.40 | $5.1M | 20.5% | 11.8% |
| FY2023 | $34.8M | $6.0M | $0.35 | $1.8M | 21.1% | 16.9% |
| FY2022 | $27.7M | $5.5M | $0.32 | $5.9M | 26.0% | 36.4% |
| FY2021 | $23.0M | $5.1M | $0.29 | $4.3M | 16.9% | 23.9% |
| FY2020 | $21.6M | $3.3M | $0.19 | $2.1M | 12.7% | 19.8% |
| FY2019 | $17.6M | $1.9M | $0.11 | $2.0M | 8.7% | 11.0% |
| FY2018 | $13.9M | -$3.7M | -$0.22 | -$4.3M | -26.8% | -10.3% |
| FY2017 | $16.8M | $4.6M | $0.27 | $5.9M | -0.5% | -0.2% |
| FY2016 | $28.0M | $2.0M | $0.12 | $3.2M | 8.7% | 5.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
INNOVATIVE SOLUTIONS & SUPPORT INC is a consistent compounder, expanding top-line revenue at 13.0% annually over the past decade.
INNOVATIVE SOLUTIONS & SUPPORT INC returns on capital have been average, hovering around 13.5% ROIC over the decade.
INNOVATIVE SOLUTIONS & SUPPORT INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, INNOVATIVE SOLUTIONS & SUPPORT INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $29.23 per share.