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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.63B | - | $4.30B | $4.30B | $3.87B | - | $3.70B | $3.67B | $3.43B | - |
| Cost of Revenue | $3.76B | - | $3.47B | $3.47B | $3.14B | - | $2.96B | $2.98B | $2.84B | - |
| Gross Profit | $863.95M | - | $835.31M | $833.77M | $722.72M | - | $734.73M | $684.00M | $589.31M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $460.11M | - | $429.62M | $418.56M | $403.96M | - | $371.19M | $351.19M | $329.36M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $18.36M | - | $14.39M | $14.07M | $15.58M | - | - | - | $13.34M | - |
| Operating Income | $403.85M | - | $405.70M | $415.21M | $318.76M | - | $363.54M | $332.81M | $259.95M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $104.59M | - | $112.22M | $109.87M | $83.52M | - | $101.81M | $91.56M | $70.57M | - |
| Net Income | $305.48M | - | $295.37M | $302.16M | $240.68M | - | $270.26M | $247.57M | $197.15M | - |
| EPS - Basic | $6.85 | - | $6.59 | $6.74 | $5.27 | - | $5.83 | $5.27 | $4.18 | - |
| EPS - Diluted | $6.84 | - | $6.57 | $6.72 | $5.26 | - | $5.80 | $5.25 | $4.17 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $916.42M | $1.11B | $655.10M | $485.99M | $576.70M | $1.34B | $1.04B | $807.32M | $840.99M | $789.75M |
| Accounts Receivable | $4.55B | $4.24B | $4.10B | $4.11B | $3.81B | $3.58B | $3.51B | $3.46B | $3.21B | $3.20B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.15B | $1.23B | $1.04B | $1.12B | $1.04B | $937.09M | $897.06M | $922.00M | $865.06M | $935.97M |
| Current Assets | $6.07B | $5.94B | $5.46B | $5.18B | $4.91B | $5.39B | $5.01B | $4.74B | $4.51B | $4.45B |
| Total Assets | $9.51B | $9.29B | $8.64B | $8.40B | $8.08B | $7.72B | $7.32B | $7.07B | $6.69B | $6.61B |
| Current Liabilities | $4.82B | $4.86B | $4.58B | $4.39B | $4.22B | $4.15B | $3.93B | $3.67B | $3.43B | $3.52B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $5.64B | $5.62B | $5.30B | $5.35B | $5.13B | $4.78B | $4.56B | $4.33B | $4.07B | $4.14B |
| Stockholders' Equity | $3.87B | $3.67B | $3.34B | $3.05B | $2.95B | $2.94B | $2.76B | $2.74B | $2.61B | $2.47B |
| Retained Earnings | $6.29B | $6.01B | $5.58B | $5.30B | $5.01B | $4.78B | $4.50B | $4.24B | $4.00B | $3.81B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $558.0K | - | - | - | $108.47M | - | - | - | $132.26M | - |
| Investing Cash Flow | ($71.75M) | - | - | - | ($875.44M) | - | - | - | ($19.44M) | - |
| Financing Cash Flow | ($124.36M) | - | - | - | ($829.0K) | - | - | - | ($58.95M) | - |
| CapEx | $28.71M | - | $26.66M | $19.25M | $26.13M | - | - | - | $20.28M | - |
| Free Cash Flow | ($28.15M) | - | - | - | $82.34M | - | - | - | $111.99M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 18.7% | - | 19.4% | 19.4% | 18.7% | - | 19.9% | 18.7% | 17.2% | - |
| Operating margin | 8.7% | - | 9.4% | 9.6% | 8.2% | - | 9.8% | 9.1% | 7.6% | - |
| EBITDA margin | 9.1% | - | 9.8% | 10.0% | 8.6% | - | - | - | 8.0% | - |
| Net margin | 6.6% | - | 6.9% | 7.0% | 6.2% | - | 7.3% | 6.8% | 5.7% | - |
| Free cash flow margin | -0.6% | - | - | - | 2.1% | - | - | - | 3.3% | - |
| FCF / Net income | -0.09 | - | - | - | 0.34 | - | - | - | 0.57 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 9.9% | - | 10.0% | 9.7% | 10.4% | - | 10.0% | 9.6% | 9.6% | - |
| Effective tax rate | 25.5% | - | 27.5% | 26.7% | 25.8% | - | 27.4% | 27.0% | 26.4% | - |
| Return on assets | 3.2% | - | 3.4% | 3.6% | 3.0% | - | 3.7% | 3.5% | 2.9% | - |
| Return on equity | 7.9% | - | 8.9% | 9.9% | 8.2% | - | 9.8% | 9.0% | 7.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.26 | 1.22 | 1.19 | 1.18 | 1.16 | 1.30 | 1.28 | 1.29 | 1.31 | 1.26 |
| Quick ratio | 1.26 | 1.22 | 1.19 | 1.18 | 1.16 | 1.30 | 1.28 | 1.29 | 1.31 | 1.26 |
| Cash ratio | 0.19 | 0.23 | 0.14 | 0.11 | 0.14 | 0.32 | 0.26 | 0.22 | 0.25 | 0.22 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.46 | 2.53 | 2.59 | 2.75 | 2.74 | 2.63 | 2.65 | 2.58 | 2.56 | 2.68 |
| Liabilities / Assets | 0.59 | 0.60 | 0.61 | 0.64 | 0.63 | 0.62 | 0.62 | 0.61 | 0.61 | 0.63 |
| Efficiency | ||||||||||
| Asset turnover | 0.49 | - | 0.50 | 0.51 | 0.48 | - | 0.50 | 0.52 | 0.51 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 359d | - | 348d | 349d | 359d | - | 346d | 344d | 341d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 111d | - | 109d | 118d | 121d | - | 111d | 113d | 111d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 107.9x | - | 98.9x | 79.6x | 70.3x | - | 74.2x | 69.5x | 84.0x | - |
| P / B | 8.5x | - | 8.8x | 7.9x | 5.7x | - | 7.3x | 6.3x | 6.3x | - |
| P / S | 7.1x | - | 6.8x | 5.6x | 4.4x | - | 5.4x | 4.7x | 4.8x | - |
| EV / EBITDA | 76.0x | - | 68.0x | 54.9x | 48.9x | - | - | - | 57.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 19.7% | - | 16.4% | 17.4% | 12.7% | - | 15.3% | 20.4% | 18.7% | - |
| Revenue CAGR (3y) | 17.0% | - | 15.0% | 16.7% | 14.3% | - | 13.6% | 14.6% | 14.2% | - |
| Revenue CAGR (5y) | 15.0% | - | 14.3% | 16.4% | - | - | 10.1% | 9.5% | 8.3% | - |
| Gross profit growth (YoY) | 19.5% | - | 13.7% | 21.9% | 22.6% | - | 34.7% | 39.6% | 35.1% | - |
| Operating income growth (YoY) | 26.7% | - | 11.6% | 24.8% | 22.6% | - | 54.7% | 69.2% | 67.8% | - |
| Net income growth (YoY) | 26.9% | - | 9.3% | 22.0% | 22.1% | - | 59.5% | 76.1% | 76.9% | - |
| EPS growth (YoY) | 30.0% | - | 13.3% | 28.0% | 26.1% | - | 62.5% | 78.0% | 79.7% | - |
| EPS CAGR (3y) | 43.4% | - | 44.9% | 50.0% | 55.8% | - | 46.4% | 43.4% | 39.4% | - |
| EPS CAGR (5y) | 34.7% | - | 42.7% | - | - | - | 32.0% | 28.6% | 25.3% | - |
| FCF growth (YoY) | - | - | - | - | -26.5% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 31.1% | 25.1% | 20.9% | 11.2% | 12.8% | 18.9% | 21.0% | 29.6% | 26.6% | 25.1% |
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%
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 |