EME · Emcor Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $16.99B | $14.57B | $12.58B | $11.08B | $9.90B | $8.80B |
| Cost of Revenue | $13.70B | $11.80B | $10.49B | $9.47B | $8.40B | $7.40B |
| Gross Profit | $3.28B | $2.77B | $2.09B | $1.60B | $1.50B | $1.40B |
| R&D | - | - | - | - | - | - |
| SG&A | $1.71B | $1.42B | $1.21B | $1.04B | $970.94M | $903.58M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $67.37M | $56.68M | $51.82M | $47.30M | $48.35M | $46.72M |
| Operating Income | $1.71B | $1.34B | $875.76M | $564.88M | $530.80M | $256.83M |
| Interest Expense | $12.02M | $3.78M | $17.20M | $13.20M | $6.07M | $9.01M |
| Income Tax | $448.81M | $370.24M | $239.52M | $152.63M | $145.60M | $119.38M |
| Net Income | $1.27B | $1.01B | $632.99M | $406.12M | $383.53M | $132.94M |
| EPS - Basic | $28.30 | $21.61 | $13.37 | $8.13 | $7.09 | $2.41 |
| EPS - Diluted | $28.19 | $21.52 | $13.31 | $8.10 | $7.06 | $2.40 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.11B | $1.34B | $789.75M | $456.44M | $821.35M | $902.87M |
| Accounts Receivable | $4.24B | $3.58B | $3.20B | $2.57B | $2.20B | $1.92B |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $1.23B | $937.09M | $935.97M | $849.28M | $734.27M | $671.89M |
| Current Assets | $5.94B | $5.39B | $4.45B | $3.46B | $3.39B | $3.12B |
| Total Assets | $9.29B | $7.72B | $6.61B | $5.52B | $5.44B | $5.06B |
| Current Liabilities | $4.86B | $4.15B | $3.52B | $2.75B | $2.36B | $2.16B |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $5.62B | $4.78B | $4.14B | $3.55B | $3.19B | $3.01B |
| Stockholders' Equity | $3.67B | $2.94B | $2.47B | $1.97B | $2.25B | $2.05B |
| Retained Earnings | $6.01B | $4.78B | $3.81B | $3.21B | $2.84B | $2.48B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.30B | $1.41B | $899.65M | $497.93M | $318.82M | $806.37M |
| Investing Cash Flow | ($873.59M) | ($299.28M) | ($161.29M) | ($140.80M) | ($153.08M) | ($94.86M) |
| Financing Cash Flow | ($663.76M) | ($555.37M) | ($412.05M) | ($710.12M) | ($245.46M) | ($171.91M) |
| CapEx | $112.75M | $74.95M | $78.40M | $49.29M | $36.19M | $47.97M |
| Free Cash Flow | $1.19B | $1.33B | $821.25M | $448.64M | $282.63M | $758.40M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 19.3% | 19.0% | 16.6% | 14.5% | 15.2% | 15.9% |
| Operating margin | 10.1% | 9.2% | 7.0% | 5.1% | 5.4% | 2.9% |
| EBITDA margin | 10.5% | 9.6% | 7.4% | 5.5% | 5.8% | 3.5% |
| Net margin | 7.5% | 6.9% | 5.0% | 3.7% | 3.9% | 1.5% |
| Free cash flow margin | 7.0% | 9.2% | 6.5% | 4.1% | 2.9% | 8.6% |
| FCF / Net income | 0.93 | 1.32 | 1.30 | 1.10 | 0.74 | 5.70 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 10.1% | 9.7% | 9.6% | 9.4% | 9.8% | 10.3% |
| Effective tax rate | 26.1% | 26.9% | 27.5% | 27.3% | 27.5% | 47.3% |
| Return on assets | 13.7% | 13.1% | 9.6% | 7.4% | 7.0% | 2.6% |
| Return on equity | 34.6% | 34.3% | 25.6% | 20.6% | 17.0% | 6.5% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.22 | 1.30 | 1.26 | 1.26 | 1.44 | 1.44 |
| Quick ratio | 1.22 | 1.30 | 1.26 | 1.26 | 1.44 | 1.44 |
| Cash ratio | 0.23 | 0.32 | 0.22 | 0.17 | 0.35 | 0.42 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 142.5x | 355.9x | 50.9x | 42.8x | 87.4x | 28.5x |
| Equity multiplier | 2.53 | 2.63 | 2.68 | 2.80 | 2.42 | 2.47 |
| Liabilities / Assets | 0.60 | 0.62 | 0.63 | 0.64 | 0.59 | 0.59 |
| Efficiency | ||||||
| Asset turnover | 1.83 | 1.89 | 1.90 | 2.00 | 1.82 | 1.74 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 91d | 90d | 93d | 85d | 81d | 80d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 33d | 29d | 33d | 33d | 32d | 33d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 21.7x | 21.1x | 16.2x | 18.3x | 18.0x | 38.1x |
| P / B | 7.5x | 7.2x | 4.1x | 3.8x | 3.1x | 2.5x |
| P / S | 1.6x | 1.5x | 0.8x | 0.7x | 0.7x | 0.6x |
| EV / EBITDA | 14.9x | 14.2x | 10.2x | 11.4x | 10.5x | 13.7x |
| Growth | ||||||
| Revenue growth (YoY) | 16.6% | 15.8% | 13.6% | 11.8% | 12.6% | -4.1% |
| Revenue CAGR (3y) | 15.3% | 13.7% | 12.7% | 6.5% | 6.8% | 4.6% |
| Revenue CAGR (5y) | 14.1% | 9.7% | 9.1% | 7.6% | 5.6% | 5.5% |
| Gross profit growth (YoY) | 18.7% | 32.3% | 30.3% | 6.8% | 7.6% | 2.9% |
| Operating income growth (YoY) | 27.4% | 53.6% | 55.0% | 6.4% | 106.7% | -44.3% |
| Net income growth (YoY) | 26.4% | 59.1% | 55.9% | 5.9% | 188.5% | -59.1% |
| EPS growth (YoY) | 31.0% | 61.7% | 64.3% | 14.7% | 194.2% | -58.3% |
| EPS CAGR (3y) | 51.5% | 45.0% | 77.0% | 12.1% | 13.3% | -14.4% |
| EPS CAGR (5y) | 63.7% | 30.2% | 22.4% | 16.2% | 18.9% | -2.5% |
| FCF growth (YoY) | -10.8% | 62.3% | 83.1% | 58.7% | -62.7% | 146.8% |
| FCF CAGR (5y) | 9.4% | 34.1% | 29.3% | 6.2% | 4.7% | 26.8% |
| Book value growth (YoY) | 25.1% | 18.9% | 25.1% | -12.4% | 9.7% | -0.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$5.61B totalUS$5.14B · 91.6%
GB$471.35M · 8.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.30
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Electrical Work
Comparing EMCOR Group against the 3 most active filers in the same SIC group.
Dividends
$1.30/share trailing 12 months · +30.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 16, 2026 | $0.4000 |
| Jan 14, 2026 | $0.4000 |
| Oct 15, 2025 | $0.2500 |
| Jul 15, 2025 | $0.2500 |
| Apr 17, 2025 | $0.2500 |
| Jan 16, 2025 | $0.2500 |
| Oct 15, 2024 | $0.2500 |
| Jul 15, 2024 | $0.2500 |
| Apr 15, 2024 | $0.2500 |
| Jan 12, 2024 | $0.1800 |
| Oct 13, 2023 | $0.1800 |
| Jul 19, 2023 | $0.1800 |
| Apr 14, 2023 | $0.1800 |
| Jan 13, 2023 | $0.1500 |
| Oct 17, 2022 | $0.1500 |
| Jul 15, 2022 | $0.1300 |
| Apr 14, 2022 | $0.1300 |
| Jan 14, 2022 | $0.1300 |
| Oct 14, 2021 | $0.1300 |
| Jul 16, 2021 | $0.1300 |
| Apr 15, 2021 | $0.1300 |
| Jan 15, 2021 | $0.1300 |
| Oct 15, 2020 | $0.0800 |
| Jul 17, 2020 | $0.0800 |