Logo

EME

EMCOR Group, Inc.

EME

EMCOR Group, Inc. • NYSE
$615.07 ▲ 0.71% (+4.35)
Market Cap $27.53 B
52w High $778.64
52w Low $320.89
Dividend Yield 1.00%
P/E 24.75
Volume 144.77K
Outstanding Shares 44.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.302B ▼ $429.617M ▲ $295.373M ▼ 6.867% ▼ $6.59 ▼ $457.016M ▼
Q2-2025 $4.304B ▲ $418.559M ▲ $302.16M ▲ 7.02% ▲ $6.74 ▲ $461.858M ▲
Q1-2025 $3.867B ▲ $403.962M ▲ $240.677M ▼ 6.223% ▼ $5.27 ▼ $360.701M ▼
Q4-2024 $3.77B ▲ $368.451M ▼ $292.161M ▲ 7.75% ▲ $6.35 ▲ $460.184M ▲
Q3-2024 $3.697B $371.188M $270.263M 7.31% $5.83 $398.076M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $655.104M ▲ $8.64B ▲ $5.304B ▼ $3.335B ▲
Q2-2025 $485.988M ▼ $8.4B ▲ $5.347B ▲ $3.052B ▲
Q1-2025 $576.702M ▼ $8.079B ▲ $5.127B ▲ $2.95B ▲
Q4-2024 $1.34B ▲ $8.009B ▲ $5.071B ▲ $2.938B ▲
Q3-2024 $1.036B $7.322B $4.563B $2.758B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $295.373M ▼ $475.501M ▲ $-38.894M ▲ $-263.902M ▼ $169.156M ▲ $448.844M ▲
Q2-2025 $302.16M ▲ $193.687M ▲ $-63.384M ▲ $-230.296M ▼ $-90.304M ▲ $165.644M ▲
Q1-2025 $240.677M ▼ $108.471M ▼ $-875.441M ▼ $-829K ▲ $-762.93M ▼ $82.34M ▼
Q4-2024 $292.161M ▲ $469.492M ▼ $-55.597M ▼ $-100.333M ▲ $303.585M ▲ $451.786M ▼
Q3-2024 $270.263M $526.444M $-32.548M $-273.588M $228.592M $508.729M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
United States Electrical Construction And Facilities Services
United States Electrical Construction And Facilities Services
 $0 ▲$4.28Bn ▲$4.20Bn ▼$30.00M ▼
United States Mechanical Construction And Facilities Services
United States Mechanical Construction And Facilities Services
 $0 ▲$5.75Bn ▲$5.98Bn ▲$20.00M ▼
United Kingdom Building Services
United Kingdom Building Services
 $0 ▲$200.00M ▲$210.00M ▲$0 ▼
United States Building Services
United States Building Services
 $0 ▲$1.29Bn ▲$1.31Bn ▲$0 ▼
United States Industrial Services
United States Industrial Services
 $310.00M ▲$360.00M ▲$290.00M ▼$0 ▼

Five-Year Company Overview

Income Statement

Income Statement EMCOR’s income statement shows a business that has grown steadily and become much more profitable over the past five years. Revenue has climbed each year, and profits have grown even faster than sales, which points to better efficiency, good project selection, and tighter cost control. Operating margins and net income have expanded meaningfully, suggesting the company is getting strong leverage from its scale and capabilities. The jump in earnings per share reflects both higher profits and disciplined capital management. The main underlying risk is that this is still a project‑driven, cyclical industry, so results can be sensitive to economic slowdowns, contract timing, and project execution issues.

Balance Sheet

Balance Sheet The balance sheet looks solid and has strengthened over time. Total assets have grown steadily, and cash levels are now comfortably high relative to the company’s modest debt load, giving EMCOR good financial flexibility. Debt has stayed low and stable while shareholders’ equity has risen year after year, which indicates that growth has been funded largely through retained earnings rather than heavy borrowing. This combination of rising equity, healthy liquidity, and controlled leverage supports bonding capacity and the ability to pursue large, complex projects. Key things to watch are any future buildup of debt or large working‑capital swings, which are common in construction businesses.

Cash Flow

Cash Flow Cash generation has improved sharply, with operating cash flow rising over the period and closely tracking the growth in profits. Free cash flow has been consistently positive and has increased meaningfully, helped by relatively low, steady capital spending needs. This suggests that EMCOR converts a good portion of its accounting earnings into actual cash, which is a sign of high‑quality earnings and disciplined project and working‑capital management. Having strong free cash flow gives the company room to fund acquisitions, invest in new capabilities, and return capital to shareholders if it chooses. The main sensitivity is that cash flows can be lumpy given the contract nature of the business and the timing of large projects and customer payments.

Competitive Edge

Competitive Edge EMCOR holds a strong competitive position as a large, diversified player in electrical and mechanical construction and facilities services. Its key advantage is being a single‑source provider that can handle complex projects from design through construction and ongoing maintenance, which simplifies life for customers. Scale, financial strength, and a long track record in mission‑critical environments—such as data centers, healthcare, and advanced manufacturing—differentiate it from many smaller regional contractors. The business is also spread across multiple end markets and geographies, which helps smooth out downturns in any one area. That said, the industry remains competitive and price‑sensitive, with continual pressure from both large national peers and nimble local specialists.

Innovation and R&D

Innovation and R&D EMCOR’s “R&D” is less about labs and more about process, technology, and service innovation. The company has leaned into advanced tools like building information modeling, prefabrication, and modular construction to improve quality, speed, and safety on complex projects. It uses data‑driven and mobile technologies to manage facilities services more efficiently and to offer predictive and preventive maintenance, which deepens relationships with clients. EMCOR is also building expertise in energy efficiency, sustainability, and smart‑building solutions, positioning itself for growth in areas like data centers, renewable energy, and high‑tech manufacturing. Future upside depends on how well it continues to expand these capabilities, integrate IoT and automation, and execute strategic acquisitions that add technology and talent.

Summary

Overall, EMCOR looks like a mature contractor that has successfully transformed steady top‑line growth into much stronger profitability and cash generation. The company carries a conservative balance sheet, with rising equity and ample cash relative to its modest debt, giving it resilience in a cyclical industry. Its competitive position is underpinned by scale, technical depth in mission‑critical projects, and an integrated service offering that spans construction and ongoing facilities management. On the innovation side, EMCOR is not a traditional R&D story, but it is actively using technology, prefabrication, and energy‑efficient solutions to differentiate itself and tap into high‑growth niches like data centers and smart buildings. Key uncertainties to monitor include the broader construction cycle, the health and mix of the project backlog, labor availability and costs, and the execution and integration of future acquisitions.

NEWS

November 3, 2025 · 9:00 AM UTC

EMCOR Group, Inc. Announces Participation in Upcoming Investor Events

Read more

October 30, 2025 · 7:30 AM UTC

EMCOR Group, Inc. Reports Third Quarter 2025 Results

Read more

October 29, 2025 · 8:00 AM UTC

Pat Roche Elected to The EMCOR Group, Inc. Board of Directors

Read more

October 16, 2025 · 8:00 AM UTC

EMCOR Group, Inc. Sets Third Quarter 2025 Earnings Release Date and Webcast

Read more

October 3, 2025 · 9:18 AM UTC

EMCOR Group, Inc. Declares Regular Quarterly Dividend

Read more