EMCOR Group, Inc. EME

Industrials SIC 1731 - Electrical Work NAICS Construction › Specialty Trade Contractors › Building Equipment Contractors › Electrical Contractors and Other Wiring Installation Contractors derived NYSE

We are one of the largest specialty contractors in the United States and a leading provider of electrical and mechanical construction and facilities services, building services, and industrial services. In 2025, we had revenues of $16.99 billion. Our services are provided to a broad range of commercial, technology, manufacturing, industrial, healthcare, utility, and institutional customers through approximately 100 operating subsidiaries, which specialize principally in providing construction services relating to electrical and mechanical systems in all types of facilities and in providing various services relating to the operation, maintenance, and management of those facilities. Such operating subsidiaries are organized into the following reportable segments:

Last close 647.66 2026-10-23
Market cap $28.57B 2026-06-30 share count
52-week range 564.92 - 951.96

Valuation FY2025 figures against the last close

P/S1.7x
P/E23.0x
P/FCF24.0x
EV/EBITDA16.0x
Dividend yield0.2%
Diluted EPS28.19

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $16.99B$14.57B$12.58B$11.08B$9.90B$8.80B$9.17B$8.13B$7.69B$7.55B
Cost of revenue $13.70B$11.80B$10.49B$9.47B$8.40B$7.40B$7.82B$6.93B$6.54B$6.51B
Gross profit $3.28B$2.77B$2.09B$1.60B$1.50B$1.40B$1.36B$1.21B$1.15B$1.04B
SG&A $1.71B$1.42B$1.21B$1.04B$970.9M$903.6M$893.5M$799.2M$758.7M$727.1M
Operating income $1.71B$1.34B$875.8M$564.9M$530.8M$256.8M$460.9M$403.1M$328.9M$306.9M
Interest expense $12.0M$3.8M$17.2M$13.2M$6.1M$9.0M$13.8M$13.5M$12.8M$12.6M
Pre-tax income $1.72B$1.38B$872.9M$558.8M$529.3M$252.3M$450.9M$395.0M$318.7M$296.5M
Income tax $448.8M$370.2M$239.5M$152.6M$145.6M$119.4M$125.7M$109.1M$90.7M$111.2M
Net income $1.27B$1.01B$633.0M$406.1M$383.5M$132.9M$325.1M$283.5M$227.2M$181.9M
EPS, basic 28.3021.6113.378.137.092.415.784.883.843.00
EPS, diluted 28.1921.5213.318.107.062.405.754.853.822.97
Shares, diluted (wtd. avg.) 45.1M46.8M47.6M50.1M54.3M55.4M56.5M58.4M59.6M61.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.11B$1.34B$789.8M$456.4M$821.3M$902.9M$358.8M$363.9M$467.4M$464.6M
Receivables $4.24B$3.58B$3.20B$2.57B$2.20B$1.92B$2.03B$1.77B$1.61B$1.50B
Total current assets $5.94B$5.39B$4.45B$3.46B$3.39B$3.12B$2.66B$2.39B$2.28B$2.17B
Property, plant and equipment $253.3M$207.5M$179.4M$157.8M$152.1M$158.4M$156.2M$134.4M$127.2M$128.0M
Goodwill $1.41B$1.02B$956.5M$919.2M$890.3M$851.8M$1.06B$990.9M$964.9M$979.6M
Other intangibles $1.11B$648.2M$586.0M$594.0M$589.4M$582.9M$611.4M$488.3M$495.0M$487.4M
Total assets $9.29B$7.72B$6.61B$5.52B$5.44B$5.06B$4.83B$4.09B$3.97B$3.85B
Accounts payable $1.23B$937.1M$936.0M$849.3M$734.3M$671.9M$665.4M$652.1M$567.8M$501.2M
Total current liabilities $4.86B$4.15B$3.52B$2.75B$2.36B$2.16B$1.94B$1.73B$1.65B$1.51B
Total liabilities $5.62B$4.78B$4.14B$3.55B$3.19B$3.01B$2.77B$2.35B$2.29B$2.31B
Retained earnings $6.01B$4.78B$3.81B$3.21B$2.84B$2.48B$2.37B$2.06B$1.80B$1.60B
Total equity $3.67B$2.94B$2.47B$1.97B$2.25B$2.05B$2.06B$1.74B$1.67B$1.54B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.30B$1.41B$899.7M$497.9M$318.8M$806.4M$355.7M$271.0M$366.0M$262.4M
Depreciation and amortisation $67.4M$56.7M$51.8M$47.3M$48.3M$46.7M$43.9M$38.5M$39.9M$38.9M
Capital expenditure $112.8M$75.0M$78.4M$49.3M$36.2M$48.0M$48.4M$43.5M$34.7M$39.6M
Investing cash flow -$873.6M-$299.3M-$161.3M-$140.8M-$153.1M-$94.9M-$345.3M-$117.7M-$138.1M-$270.7M
Financing cash flow -$663.8M-$555.4M-$412.1M-$710.1M-$245.5M-$171.9M-$19.2M-$253.0M-$228.5M-$9.4M
Dividends paid $45.0M$43.4M$32.7M$27.2M$28.2M$17.7M$17.9M$18.6M$19.0M$19.5M
Buybacks $586.3M$489.8M$127.7M$660.6M$195.5M$112.6M$0$216.2M$93.2M$94.2M

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 0001140361-26-015809.

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 5B 10B 15B 20B Revenue, FY2016: 7.6B Gross profit, FY2016: 1B Net income, FY2016: 181.9M Revenue, FY2017: 7.7B Gross profit, FY2017: 1.1B Net income, FY2017: 227.2M Revenue, FY2018: 8.1B Gross profit, FY2018: 1.2B Net income, FY2018: 283.5M Revenue, FY2019: 9.2B Gross profit, FY2019: 1.4B Net income, FY2019: 325.1M Revenue, FY2020: 8.8B Gross profit, FY2020: 1.4B Net income, FY2020: 132.9M Revenue, FY2021: 9.9B Gross profit, FY2021: 1.5B Net income, FY2021: 383.5M Revenue, FY2022: 11.1B Gross profit, FY2022: 1.6B Net income, FY2022: 406.1M Revenue, FY2023: 12.6B Gross profit, FY2023: 2.1B Net income, FY2023: 633M Revenue, FY2024: 14.6B Gross profit, FY2024: 2.8B Net income, FY2024: 1B Revenue, FY2025: 17B Gross profit, FY2025: 3.3B Net income, FY2025: 1.3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.55B $7.69B $8.13B $9.17B $8.80B $9.90B $11.08B $12.58B $14.57B $16.99B
Gross profit $1.04B $1.15B $1.21B $1.36B $1.40B $1.50B $1.60B $2.09B $2.77B $3.28B
Net income $181.9M $227.2M $283.5M $325.1M $132.9M $383.5M $406.1M $633.0M $1.01B $1.27B

Recent filings and events

  • Mine safety A mine operator reporting a shutdown order or a pattern of safety violations. Item 1.04
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • 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
  • 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 Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote Item 5.07

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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