Ameresco, Inc. AMRC

Industrials SIC 1700 - Construction - Special Trade Contractors NAICS Construction › Specialty Trade Contractors derived NYSE

Ameresco is a leading energy infrastructure solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources.

Our solutions range from upgrades to facility's energy infrastructure to the development, construction and operation of renewable energy plants combined with tailored financial solutions. We work with customers on both sides of the meter to reduce operating expenses, upgrade and maintain facilities, stabilize energy costs, improve occupancy comfort levels, increase energy reliability and enhance the environment.

Last close 18.53 2026-10-23
Market cap $981.8M estimated share count
52-week range 18.35 - 42.83

Valuation FY2024 figures against the last close

P/S0.6x
P/E17.3x
P/FCF8.7x
EV/EBITDA5.2x
Dividend yield—
Diluted EPS1.07

Annual financial statements

Income statement

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Revenue $1.77B$1.37B$1.82B$1.22B$1.03B$866.9M$787.1M$717.2M$651.2M$630.8M
Cost of revenue $1.51B$1.13B$1.53B$985.3M$844.7M$698.8M$613.5M$573.0M$516.9M$513.8M
Gross profit $256.1M$246.4M$290.8M$230.4M$187.5M$168.1M$173.6M$144.2M$134.3M$117.1M
SG&A $173.8M$162.1M$159.5M$132.9M$116.0M$116.5M$114.5M$107.6M$110.6M$110.0M
Operating income $108.7M$82.2M$133.0M$95.4M$71.5M$51.6M$59.1M$36.6M$23.8M$7.1M
Interest expense $65.0M$36.2M$25.7M$14.6M$13.4M$13.2M$15.3M$9.1M$7.1M$5.2M
Pre-tax income $33.9M$38.3M$105.7M$78.1M$56.4M$36.6M$42.4M$28.7M$16.4M$292.0K
Income tax $20.0M$25.6M$7.2M$2.0M$494.0K$3.7M$4.8M$4.8M$4.4M$5.0M
Net income $56.8M$62.5M$94.9M$70.5M$54.1M$44.4M$38.0M$37.5M$12.0M$844.0K
EPS, basic 1.081.201.831.381.130.950.830.820.260.02
EPS, diluted 1.071.171.781.351.100.930.810.820.260.02
Shares, diluted (wtd. avg.) 53.1M53.2M53.3M52.3M49.0M47.8M46.8M45.7M46.5M47.7M

Balance sheet

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Cash and equivalents $108.5M$79.3M$149.9M$87.1M$98.8M$77.3M$97.9M$60.1M$52.8M$51.4M
Inventory $11.6M$13.6M$14.2M$8.8M$8.6M$9.2M$7.8M$8.1M$12.1M$13.2M
Total current assets $1.30B$1.13B$1.00B$638.6M$490.7M$425.2M$311.0M$287.1M$226.1M$263.7M
Property, plant and equipment $11.0M$17.4M$15.7M$13.1M$9.0M$10.1M$7.0M$5.3M$5.0M$5.3M
Goodwill $66.3M$75.6M$70.6M$71.2M$58.7M$58.4M$58.3M$56.1M$58.0M$59.1M
Other intangibles $8.8M$6.8M$4.7M$7.0M$927.0K$1.6M$2.0M$2.4M$3.9M$6.8M
Total assets $4.16B$3.71B$2.88B$2.22B$1.75B$1.37B$1.16B$984.0M$797.3M$723.4M
Accounts payable $529.3M$402.8M$349.1M$309.0M$230.9M$202.4M$134.3M$135.9M$126.6M$114.8M
Short-term debt $149.4M$322.2M$331.5M$78.9M$69.4M$70.0M————
Total current liabilities $889.0M$901.5M$812.1M$474.2M$383.1M$336.6M$222.6M$202.1M$190.6M$179.7M
Long-term debt —————$266.2M$219.2M$173.2M$140.6M$100.5M
Retained earnings $652.6M$595.9M$533.5M$438.7M$368.4M$314.5M$269.8M$235.8M$194.4M$182.3M
Total equity $1.01B$902.0M$873.0M$704.3M$492.8M$428.9M$376.9M$336.6M$294.3M$287.4M

Cash flow

Fiscal year FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015
Operating cash flow $117.6M-$70.0M-$338.3M-$172.3M-$102.6M-$196.3M-$53.2M-$135.6M-$52.6M-$49.5M
Depreciation and amortisation $89.2M$65.9M$54.3M$44.8M$40.1M$37.7M$29.1M$23.9M$22.8M$21.5M
Stock-based compensation $14.1M$10.3M$15.0M$8.7M$1.9M$1.6M$1.3M$1.3M$1.5M$1.8M
Capital expenditure $4.3M$5.7M$5.3M$4.9M$2.2M$6.7M$3.9M$2.9M$2.8M$1.3M
Investing cash flow -$386.6M-$566.9M-$328.4M-$205.3M-$181.0M-$142.2M-$133.2M-$88.0M-$79.6M-$51.8M
Financing cash flow $313.9M$640.8M$730.2M$365.5M$305.2M$317.4M$224.5M$230.2M$134.1M$100.7M
Buybacks ——$0$0$6.0K$144.0K$1.8M$3.4M$6.4M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001488139-25-000018.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2015: 630.8M Gross profit, FY2015: 117.1M Net income, FY2015: 844K Revenue, FY2016: 651.2M Gross profit, FY2016: 134.3M Net income, FY2016: 12M Revenue, FY2017: 717.2M Gross profit, FY2017: 144.2M Net income, FY2017: 37.5M Revenue, FY2018: 787.1M Gross profit, FY2018: 173.6M Net income, FY2018: 38M Revenue, FY2019: 866.9M Gross profit, FY2019: 168.1M Net income, FY2019: 44.4M Revenue, FY2020: 1B Gross profit, FY2020: 187.5M Net income, FY2020: 54.1M Revenue, FY2021: 1.2B Gross profit, FY2021: 230.4M Net income, FY2021: 70.5M Revenue, FY2022: 1.8B Gross profit, FY2022: 290.8M Net income, FY2022: 94.9M Revenue, FY2023: 1.4B Gross profit, FY2023: 246.4M Net income, FY2023: 62.5M Revenue, FY2024: 1.8B Gross profit, FY2024: 256.1M Net income, FY2024: 56.8M FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
Fiscal year FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue $630.8M $651.2M $717.2M $787.1M $866.9M $1.03B $1.22B $1.82B $1.37B $1.77B
Gross profit $117.1M $134.3M $144.2M $173.6M $168.1M $187.5M $230.4M $290.8M $246.4M $256.1M
Net income $844.0K $12.0M $37.5M $38.0M $44.4M $54.1M $70.5M $94.9M $62.5M $56.8M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Material agreement signed Item 1.01
  • Results announced Item 2.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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