What is Ameresco, Inc.'s earnings per share (EPS)?

Ameresco, Inc. (AMRC) reported diluted earnings per share of $1.07 for fiscal year 2024. This represents a -8.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ameresco, Inc. (AMRC) Financials

AMRC

FY2024 annual

Revenue $1.8B +28.8% YoY

Net Income $56.8M -9.1% YoY

EPS (Diluted) $1.07 -8.5% YoY

Free Cash Flow $113.3M +249.7% YoY

Market Cap $1.1B as of Oct 5, 2026

Price / Sales 0.6x on $1.8B revenue, FY2024

Price / Earnings 20.2x on $56.8M net income, FY2024

Price / Book 0.9x on $1.2B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AMRC SEC filings page.

Ameresco, Inc. (AMRC) reported $1.8B in revenue for fiscal year 2024, up 28.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AMRC FY2024 2026-10-03

Ameresco returned to positive cash generation in FY2024, but higher leverage and interest now absorb more of its operating earnings.

Cash conversion changed sharply: operating cash flow moved from -$338M in FY2022 to $118M in FY2024, indicating that project and working-capital timing can dominate reported profitability. Free cash flow made the same turn—from -$344M to $113M—so FY2024 net income was accompanied by cash generation rather than the cash needs seen during the earlier expansion.

Scale did not translate into broader margins: FY2024 revenue recovered 28.8% from FY2023 while gross margin compressed to 14.5%. Operating margin nevertheless edged up to 6.1%, implying the improvement came below gross profit—through operating-cost behavior or mix—not from stronger gross economics.

Financing is becoming more consequential: debt-to-equity rose from 1.3x in FY2023 to 1.5x in FY2024, revealing a heavier long-term funding burden. Interest expense reached $65.0M in FY2024, helping explain why net margin was only 3.2% despite positive operating income.

Financial Health Signals

Financial Health Score 34/100

Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Ameresco, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Ameresco, Inc. has an operating margin of 6.1%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 57/100, indicating healthy but not exceptional operating efficiency. This is up from 6.0% the prior year.

Growth

Ameresco, Inc.'s revenue surged 28.8% year-over-year to $1.8B, reflecting rapid business expansion. This strong growth earns a score of 26/100.

Leverage

Ameresco, Inc. has elevated debt relative to equity (D/E of 1.46), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 8/100, reflecting increased financial risk.

Liquidity

Ameresco, Inc.'s current ratio of 1.46 indicates adequate short-term liquidity, earning a score of 40/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Ameresco, Inc.'s free cash flow margin of 6.4% results in a low score of 21/100. Capital expenditures of $4.3M absorb a large share of operating cash flow.

Returns

Ameresco, Inc.'s ROE of 5.6% shows moderate profitability relative to equity, earning a score of 51/100. This is down from 6.9% the prior year.

Altman Z-Score Distress

1.07

Ameresco, Inc. scores 1.07, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Ameresco, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

2.07x

For every $1 of reported earnings, Ameresco, Inc. generates $2.07 in operating cash flow ($117.6M OCF vs $56.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.67x

Ameresco, Inc. earns $1.67 in operating income for every $1 of interest expense ($108.7M vs $65.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$515.5M

YoY+9.1%

QoQ+28.4%

Ameresco, Inc. generated $515.5M in revenue in Q2 2026. This represents an increase of 9.1% from the same quarter a year earlier. Against the prior quarter it is up 28.4%.

EBITDA

$74.3M

YoY+40.2%

QoQ+88.0%

Ameresco, Inc.'s EBITDA was $74.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 40.2% from the same quarter a year earlier. Against the prior quarter it is up 88.0%.

Net Income

$9.7M

YoY-24.5%

QoQ+153.2%

Ameresco, Inc. reported $9.7M in net income in Q2 2026. This represents a decrease of 24.5% from the same quarter a year earlier. Against the prior quarter it is up 153.2%.

EPS (Diluted)

$0.18

YoY-25.0%

QoQ+151.4%

Ameresco, Inc. earned $0.18 per diluted share (EPS) in Q2 2026. This represents a decrease of 25.0% from the same quarter a year earlier. Against the prior quarter it is up 151.4%.

Cash & Balance Sheet

Free Cash Flow

-$108.1M

YoY-300.0%

QoQ-410.1%

Ameresco, Inc. recorded an outflow of $108.1M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 300.0% from the same quarter a year earlier. Against the prior quarter it is down 410.1%.

Cash & Debt

$138.3M

YoY+69.5%

QoQ+33.1%

5Y CAGR+18.7%

10Y CAGR+24.6%

Ameresco, Inc. held $138.3M in cash against $1.8B in long-term debt as of Q2 2026.

Shares Outstanding

Diluted avg 54M

Ameresco, Inc. had a weighted average of 54M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

17.7%

YoY+2.2pp

QoQ+3.7pp

Ameresco, Inc.'s gross margin was 17.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.7 percentage points.

Operating Margin

8.6%

YoY+2.7pp

QoQ+6.0pp

Ameresco, Inc.'s operating margin was 8.6% in Q2 2026, reflecting core business profitability. This is up 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.0 percentage points.

Net Margin

1.9%

YoY-0.8pp

QoQ+6.4pp

Ameresco, Inc.'s net profit margin was 1.9% in Q2 2026, showing the share of revenue converted to profit. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.4 percentage points.

Return on Equity

0.8%

YoY-0.4pp

QoQ+2.5pp

Ameresco, Inc.'s ROE was 0.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.5 percentage points.

Capital Allocation

Capital Expenditures

$862K

YoY+486.4%

QoQ+59.0%

Ameresco, Inc. invested $862K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 486.4% from the same quarter a year earlier. Against the prior quarter it is up 59.0%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

AMRC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AMRC quarterly income statement

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Revenue	$1.8B+28.8%	$1.4B-24.7%	$1.8B+50.1%	$1.2B+17.8%	$1.0B+19.1%	$866.9M+10.1%	$787.1M+9.8%	$717.2M+10.1%	$651.2M+3.2%	$630.8M+6.3%	$593.2M+3.3%	$574.2M-9.0%	$631.2M-13.3%	$728.2M+17.8%	$618.2M
Cost of Revenue	$1.5B+34.2%	$1.1B-26.4%	$1.5B+55.6%	$985.3M+16.6%	$844.7M+20.9%	$698.8M+13.9%	$613.5M+7.1%	$573.0M+10.9%	$516.9M+0.6%	$513.8M+7.9%	$476.3M+1.2%	$470.8M-6.4%	$503.0M-15.2%	$593.2M+16.9%	$507.5M
Gross Profit	$256.1M+3.9%	$246.4M-15.3%	$290.8M+26.3%	$230.4M+22.8%	$187.5M+11.6%	$168.1M-3.2%	$173.6M+20.4%	$144.2M+7.3%	$134.3M+14.8%	$117.1M+0.1%	$116.9M+13.2%	$103.3M-19.4%	$128.1M-5.1%	$135.0M+22.0%	$110.7M
SG&A Expenses	$173.8M+7.2%	$162.1M+1.7%	$159.5M+20.0%	$132.9M+14.5%	$116.0M-0.4%	$116.5M+1.7%	$114.5M+6.5%	$107.6M-2.7%	$110.6M+0.5%	$110.0M+6.0%	$103.8M+7.3%	$96.7M-1.8%	$98.5M+16.7%	$84.4M+315.3%	$20.3M
Operating Income	$108.7M+32.3%	$82.2M-38.2%	$133.0M+39.4%	$95.4M+33.5%	$71.5M+38.5%	$51.6M-12.7%	$59.1M+61.5%	$36.6M+53.9%	$23.8M+236.9%	$7.1M-46.3%	$13.2M+98.3%	$6.6M-76.9%	$28.7M-43.5%	$50.7M+10.2%	$46.0M
EBITDA	$198.0M+33.6%	$148.1M-20.9%	$187.3M+33.6%	$140.2M+25.6%	$111.6M+25.0%	$89.3M+1.2%	$88.2M+45.9%	$60.5M+30.0%	$46.5M+62.8%	$28.6M-16.1%	$34.1M+134.7%	$14.5M-69.8%	$48.0M-25.8%	$64.7M+12.7%	$57.4M
Interest Expense	$65.0M+141.6%	$26.9M+51.5%	$17.8M+21.8%	$14.6M+8.7%	$13.4M+2.1%	$13.2M-14.2%	$15.3M+68.9%	$9.1M+28.3%	$7.1M+34.8%	$5.3M+15.2%	$4.6M-0.9%	$4.6M+26.6%	$3.6M-13.6%	$4.2M-14.9%	$4.9M
Income Tax	-$20.0M+22.0%	-$25.6M-457.5%	$7.2M+450.3%	-$2.0M-314.4%	-$494K+86.8%	-$3.7M-177.9%	$4.8M+200.5%	-$4.8M-209.6%	$4.4M-12.2%	$5.0M+221.6%	-$4.1M-1285.8%	$345K-94.5%	$6.2M-42.0%	$10.8M-11.6%	$12.2M
Net Income	$56.8M-9.1%	$62.5M-34.2%	$94.9M+34.7%	$70.5M+30.4%	$54.1M+21.6%	$44.4M+17.0%	$38.0M+1.3%	$37.5M+211.6%	$12.0M+1325.6%	$844K-91.9%	$10.4M+330.1%	$2.4M-86.9%	$18.4M-45.1%	$33.4M+21.4%	$27.5M
EPS (Basic)	$1.08-10.0%	$1.20-34.4%	$1.83+32.6%	$1.38+22.1%	$1.13+18.9%	$0.95+14.5%	$0.83+1.2%	$0.82+215.4%	$0.26+1200.0%	$0.02-90.9%	$0.22+340.0%	$0.05-87.8%	$0.41-47.4%	$0.78-27.1%	$1.07
EPS (Diluted)	$1.07-8.5%	$1.17-34.3%	$1.78+31.9%	$1.35+22.7%	$1.10+18.3%	$0.93+14.8%	$0.81-1.2%	$0.82+215.4%	$0.26+1200.0%	$0.02-90.9%	$0.22+340.0%	$0.05-87.5%	$0.40-46.7%	$0.75+13.6%	$0.66
Diluted Shares (Avg)	53M-0.2%	53M-0.1%	53M+1.9%	52M+6.7%	49M+2.6%	48M+2.0%	47M+2.4%	46M-1.6%	46M-2.5%	48M+1.4%	47M+0.7%	47M+1.5%	46M+2.9%	45M+7.7%	42M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q
Revenue	$515.5M+9.1%	$401.5M+13.8%	N/A	$526.0M+5.0%	$472.3M+7.8%	$352.8M+18.2%	$532.7M+20.7%	$500.9M+49.4%
Cost of Revenue	$424.2M+6.3%	$345.0M+14.7%	N/A	$441.7M+4.2%	$398.9M+7.0%	$300.9M+19.7%	$465.9M+26.9%	$423.7M+56.1%
Gross Profit	$91.3M+24.5%	$56.5M+8.8%	N/A	$84.3M+9.3%	$73.4M+12.6%	$51.9M+10.5%	$66.8M-10.0%	$77.1M+21.2%
SG&A Expenses	$47.5M+4.0%	$46.3M+20.3%	N/A	$43.4M+2.9%	$45.7M+3.4%	$38.5M-2.7%	$47.8M+30.5%	$42.1M-1.4%
Operating Income	$44.1M+59.0%	$10.2M-25.2%	N/A	$42.4M+20.5%	$27.8M+32.6%	$13.7M+71.3%	$44.6M+31.0%	$35.2M+64.1%
EBITDA	$74.3M+40.2%	$39.5M+5.0%	N/A	$69.6M+18.7%	$53.0M+28.2%	$37.6M+40.3%	$71.2M+32.0%	$58.6M+54.1%
Interest Expense	$26.4M+24.0%	$25.2M+26.5%	N/A	-$20.5M-211.2%	$21.3M+43.7%	$19.9M+39.8%	$17.6M+431.2%	$18.4M+100.2%
Income Tax	$137K+104.7%	-$3.2M-368.0%	N/A	-$3.7M-10.6%	-$2.9M	$1.2M	-$16.7M-10.6%	-$3.3M+66.9%
Net Income	$9.7M-24.5%	-$18.3M-233.4%	N/A	$18.5M+5.3%	$12.9M+156.8%	-$5.5M-86.7%	$37.1M+9.9%	$17.6M-17.2%
EPS (Basic)	$0.18-25.0%	-$0.35-250.0%	N/A	$0.35+2.9%	$0.24+140.0%	-$0.10-66.7%	$0.71+9.2%	$0.34-17.1%
EPS (Diluted)	$0.18-25.0%	-$0.35-250.0%	N/A	$0.35+6.1%	$0.24+166.7%	-$0.10-66.7%	$0.70+11.1%	$0.33-17.5%
Diluted Shares (Avg)	54M+1.9%	53M+0.7%	N/A	53M+0.2%	53M-0.5%	53M+0.5%	N/A	53M-0.1%

Not reported in any period shown, so not listed: R&D Expenses.

AMRC Balance Sheet

AMRC quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Total Assets	$4.2B+12.0%	$3.7B+29.1%	$2.9B+29.3%	$2.2B+26.8%	$1.8B+27.7%	$1.4B+18.3%	$1.2B+18.1%	$984.0M+23.4%	$797.3M+10.2%	$723.4M+16.3%	$621.9M+2.6%	$606.3M-10.2%	$675.5M+4.6%	$645.6M+10.8%	$582.5M
Current Assets	$1.3B+15.3%	$1.1B+12.7%	$1.0B+56.8%	$638.6M+30.1%	$490.7M+15.4%	$425.2M+36.7%	$311.0M+8.3%	$287.1M+27.0%	$226.1M-14.3%	$263.7M+22.2%	$215.8M-12.6%	$247.0M-17.1%	$297.8M+5.2%	$283.1M+33.7%	$211.7M
Cash & Equivalents	$108.5M+36.9%	$79.3M-31.4%	$115.5M+129.0%	$50.5M-24.0%	$66.4M+99.9%	$33.2M-45.9%	$61.4M+153.1%	$24.3M+17.7%	$20.6M-4.8%	$21.6M-8.9%	$23.8M+38.4%	$17.2M-72.9%	$63.3M+141.1%	$26.3M-41.2%	$44.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$11.6M-15.3%	$13.6M-4.1%	$14.2M+61.4%	$8.8M+2.7%	$8.6M-7.2%	$9.2M+18.9%	$7.8M-4.6%	$8.1M-32.8%	$12.1M-8.5%	$13.2M+48.6%	$8.9M-13.3%	$10.3M+7.9%	$9.5M+10.0%	$8.6M+27.4%	$6.8M
Accounts Receivable	$257.0M+67.6%	$153.4M-11.9%	$174.0M+7.4%	$162.0M+29.6%	$125.0M+30.4%	$95.9M+11.5%	$86.0M+1.0%	$85.1M-0.3%	$85.4M+16.3%	$73.4M+2.4%	$71.7M-12.6%	$82.0M-2.5%	$84.1M-23.0%	$109.3M+59.4%	$68.6M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$66.3M-12.3%	$75.6M+7.0%	$70.6M-0.7%	$71.2M+21.2%	$58.7M+0.5%	$58.4M+0.1%	$58.3M+3.9%	$56.1M-3.2%	$58.0M-1.9%	$59.1M-2.3%	$60.5M+14.0%	$53.1M+8.4%	$49.0M+2.3%	$47.9M+132.6%	$20.6M
Total Liabilities	$3.1B+11.9%	$2.8B+37.0%	$2.1B+35.0%	$1.5B+20.6%	$1.3B+33.4%	$945.2M+20.4%	$784.8M+21.2%	$647.3M+28.7%	$503.0M+15.9%	$433.9M+29.3%	$335.6M+1.8%	$329.5M-20.3%	$413.7M+1.1%	$409.2M+5.6%	$387.4M
Current Liabilities	$889.0M-1.4%	$901.5M+11.0%	$812.1M+71.2%	$474.2M+23.8%	$383.1M+13.8%	$336.6M+51.2%	$222.6M+10.1%	$202.1M+6.1%	$190.6M+6.1%	$179.7M+25.7%	$142.9M+7.2%	$133.3M-10.5%	$148.9M+0.4%	$148.3M+4.0%	$142.6M
Non-Current Liabilities	$2.3B+18.1%	$1.9B+54.0%	$1.2B+18.6%	$1.0B+19.1%	$878.2M+44.3%	$608.5M+8.3%	$562.1M+26.3%	$445.2M+42.5%	$312.4M+22.9%	$254.2M+32.0%	$192.6M-1.8%	$196.2M-25.9%	$264.8M+1.5%	$260.9M+6.6%	$244.8M
Long-Term Debt	$1.5B+26.8%	$1.2B+105.8%	$568.6M+50.8%	$377.2M+21.0%	$311.7M+17.1%	$266.2M+21.5%	$219.2M+26.5%	$173.2M+23.2%	$140.6M+39.9%	$100.5M+11.6%	$90.0M-12.8%	$103.2M-5.4%	$109.1M-44.5%	$196.4M-3.0%	$202.4M
Total Equity	$1.0B+12.3%	$902.0M+9.5%	$824.0M+17.0%	$704.3M+42.9%	$492.8M+14.9%	$428.9M+13.8%	$376.9M+12.0%	$336.6M+14.4%	$294.3M+1.6%	$289.5M+1.1%	$286.3M+3.4%	$276.8M+5.7%	$261.8M+10.7%	$236.4M+21.2%	$195.1M
Retained Earnings	$652.6M+9.5%	$595.9M+11.7%	$533.5M+21.6%	$438.7M+19.1%	$368.4M+17.2%	$314.5M+16.6%	$269.8M+14.4%	$235.8M+21.3%	$194.4M+6.6%	$182.3M+0.5%	$181.5M+6.1%	$171.1M-3.4%	$177.2M+11.6%	$158.8M+26.6%	$125.4M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q
Total Assets	$4.8B+12.5%	$4.6B+11.3%	$4.5B+9.1%	$4.4B+11.2%	$4.3B+8.3%	$4.2B+9.6%	$4.2B+12.0%	$4.0B+15.1%
Current Assets	$1.7B+31.2%	$1.6B+23.7%	$1.6B+19.3%	$1.4B+16.0%	$1.3B+3.3%	$1.3B+11.6%	$1.3B+15.3%	$1.2B+18.9%
Cash & Equivalents	$138.3M+69.5%	$104.0M+45.2%	$71.8M-33.8%	$94.6M-16.7%	$81.6M-45.7%	$71.6M-7.8%	$108.5M+36.9%	$113.5M+5.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$12.6M+2.0%	$12.5M+1.4%	$12.6M+9.1%	$12.8M+6.8%	$12.4M-0.8%	$12.3M-5.6%	$11.6M-15.3%	$12.0M-12.3%
Accounts Receivable	$252.6M+2.7%	$249.2M+9.9%	$257.9M+0.3%	$253.8M+10.2%	$245.9M+59.0%	$226.7M+54.4%	$257.0M+67.6%	$230.3M+73.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$68.9M-0.8%	$69.0M+1.0%	$69.3M+4.5%	$69.2M-8.8%	$69.4M-7.7%	$68.3M-9.3%	$66.3M-12.3%	$75.9M-1.8%
Total Liabilities	$3.6B+10.3%	$3.6B+13.3%	$3.5B+9.9%	$3.4B+10.7%	$3.3B+6.9%	$3.2B+9.0%	$3.1B+11.9%	$3.0B+17.5%
Current Liabilities	$1.0B+22.2%	$1.0B+30.8%	$1.0B+15.7%	$939.3M-2.6%	$822.1M-33.3%	$798.3M-31.3%	$889.0M-1.4%	$964.7M+9.3%
Non-Current Liabilities	$2.6B+6.2%	$2.5B+7.3%	$2.4B+7.6%	$2.4B+16.9%	$2.4B+34.1%	$2.4B+35.9%	$2.3B+18.1%	$2.1B+21.6%
Long-Term Debt	$1.8B+8.0%	$1.8B+16.4%	$1.7B+17.9%	$1.7B+30.3%	$1.7B+54.0%	$1.6B+55.0%	$1.5B+26.8%	$1.3B+28.9%
Total Equity	$1.2B+19.5%	$1.1B+5.2%	$1.1B+6.6%	$1.1B+12.6%	$1.0B+13.1%	$1.0B+11.8%	$1.0B+12.3%	$937.3M+7.9%
Retained Earnings	$688.1M+4.3%	$678.4M+4.8%	$696.7M+6.8%	$678.4M+10.2%	$659.9M+10.4%	$647.1M+9.1%	$652.6M+9.5%	$615.5M+9.5%

AMRC Cash Flow Statement

AMRC quarterly cash flow statement

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Cash Flow	$117.6M+268.0%	-$70.0M+79.3%	-$338.3M-96.3%	-$172.3M-68.0%	-$102.6M+47.7%	-$196.3M-269.0%	-$53.2M+60.8%	-$135.6M-157.6%	-$52.6M-6.2%	-$49.5M-3887.3%	$1.3M+102.2%	-$60.5M-243.4%	$42.2M+138.8%	-$108.8M-621.7%	$20.8M
Depreciation & Amortization	$89.2M+35.4%	$65.9M+21.4%	$54.3M+21.3%	$44.8M+11.5%	$40.1M+6.4%	$37.7M+29.4%	$29.1M+21.9%	$23.9M+5.1%	$22.8M+5.8%	$21.5M+2.9%	$20.9M+165.3%	$7.9M-59.3%	$19.3M+38.1%	$14.0M+22.7%	$11.4M
Stock-Based Compensation	$14.1M+36.9%	$10.3M-31.4%	$15.0M+72.6%	$8.7M+350.9%	$1.9M+19.3%	$1.6M+28.8%	$1.3M-2.7%	$1.3M-11.6%	$1.5M-17.4%	$1.8M-29.0%	$2.5M-10.9%	$2.8M-16.5%	$3.4M+16.9%	$2.9M+14.7%	$2.5M
Capital Expenditures	$4.3M-24.9%	$5.7M+7.9%	$5.3M+8.2%	$4.9M+121.4%	$2.2M-66.9%	$6.7M+69.3%	$3.9M+38.3%	$2.9M+1.6%	$2.8M+109.0%	$1.3M-23.0%	$1.7M-25.1%	$2.3M-53.9%	$5.1M+46.7%	$3.4M+32.0%	$2.6M
Free Cash Flow	$113.3M+249.7%	-$75.7M+78.0%	-$343.6M-93.9%	-$177.2M-69.1%	-$104.8M+48.4%	-$203.0M-255.2%	-$57.1M+58.7%	-$138.4M-149.7%	-$55.4M-9.0%	-$50.9M-11543.2%	-$437K+99.3%	-$62.8M-269.2%	$37.1M+133.1%	-$112.2M-715.3%	$18.2M
Investing Cash Flow	-$386.6M+31.8%	-$566.9M-72.7%	-$328.4M-60.0%	-$205.3M-13.4%	-$181.0M-27.3%	-$142.2M-6.8%	-$133.2M-51.3%	-$88.0M-10.6%	-$79.6M-53.6%	-$51.8M-34.3%	-$38.6M-28.9%	-$29.9M+38.8%	-$49.0M+53.6%	-$105.6M-129.9%	-$45.9M
Financing Cash Flow	$313.9M-51.0%	$640.8M-12.2%	$730.2M+99.8%	$365.5M+19.8%	$305.2M-3.9%	$317.4M+41.4%	$224.5M-2.5%	$230.2M+71.6%	$134.1M+33.2%	$100.7M+135.4%	$42.8M-1.0%	$43.2M-0.7%	$43.5M-77.9%	$197.0M+860.7%	$20.5M
Share Buybacks	N/A	N/A	$0	$0-100.0%	$6K-95.8%	$144K-92.2%	$1.8M-46.1%	$3.4M-46.6%	$6.4M	$0	$0	N/A	$0	$0-100.0%	$769K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q
Operating Cash Flow	-$107.2M-298.9%	$35.4M+225.1%	N/A	$17.7M-29.4%	-$26.9M-150.4%	-$28.3M-236.0%	$18.4M+162.1%	$25.1M+481.8%
Depreciation & Amortization	$30.1M+19.6%	$29.3M+22.2%	N/A	$27.2M+16.1%	$25.2M+23.7%	$23.9M+27.1%	$26.5M+33.7%	$23.5M+41.2%
Stock-Based Compensation	$3.4M-9.9%	$4.2M+46.8%	N/A	$3.7M+2.2%	$3.8M+2.0%	$2.8M-6.0%	N/A	$3.7M-15.2%
Capital Expenditures	$862K+486.4%	$542K+28.4%	N/A	-$352K-64.3%	$147K-86.7%	$422K-56.1%	$1.2M+10.9%	$987K-49.0%
Free Cash Flow	-$108.1M-300.0%	$34.9M+221.3%	N/A	$17.4M-28.0%	-$27.0M-151.8%	-$28.7M-244.7%	$17.1M+155.8%	$24.1M+383.3%
Investing Cash Flow	-$113.3M-96.5%	-$96.9M+18.1%	N/A	-$82.2M+32.7%	-$57.7M+55.5%	-$118.4M-14.1%	-$31.2M+69.3%	-$122.2M+34.3%
Financing Cash Flow	$218.7M+103.7%	$128.5M+12.2%	N/A	$89.0M+33.6%	$107.4M-33.3%	$114.5M+48.0%	$8.9M-91.8%	$66.6M-75.1%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

AMRC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AMRC quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Gross Margin	14.5%-3.5pp	17.9%+2.0pp	15.9%-3.0pp	18.9%+0.8pp	18.2%-1.2pp	19.4%-2.7pp	22.1%+2.0pp	20.1%-0.5pp	20.6%+2.1pp	18.6%-1.2pp	19.7%+1.7pp	18.0%-2.3pp	20.3%+1.8pp	18.6%+0.6pp	17.9%
Operating Margin	6.1%+0.2pp	6.0%-1.3pp	7.3%-0.6pp	7.8%+0.9pp	6.9%+1.0pp	5.9%-1.6pp	7.5%+2.4pp	5.1%+1.4pp	3.6%+2.5pp	1.1%-1.1pp	2.2%+1.1pp	1.2%-3.4pp	4.5%-2.4pp	7.0%-0.5pp	7.4%
Net Margin	3.2%-1.3pp	4.5%-0.7pp	5.2%-0.6pp	5.8%+0.6pp	5.2%+0.1pp	5.1%+0.3pp	4.8%-0.4pp	5.2%+3.4pp	1.8%+1.7pp	0.1%-1.6pp	1.8%+1.3pp	0.4%-2.5pp	2.9%-1.7pp	4.6%+0.1pp	4.5%
Return on Equity	5.6%-1.3pp	6.9%-4.6pp	11.5%+1.5pp	10.0%-1.0pp	11.0%+0.6pp	10.4%+0.3pp	10.1%-1.1pp	11.1%+7.1pp	4.1%+3.8pp	0.3%-3.3pp	3.6%+2.8pp	0.9%-6.1pp	7.0%-7.1pp	14.1%0.0pp	14.1%
Return on Assets	1.4%-0.3pp	1.7%-1.6pp	3.3%+0.1pp	3.2%+0.1pp	3.1%-0.2pp	3.2%0.0pp	3.3%-0.5pp	3.8%+2.3pp	1.5%+1.4pp	0.1%-1.6pp	1.7%+1.3pp	0.4%-2.3pp	2.7%-2.5pp	5.2%+0.5pp	4.7%
Current Ratio	1.46+0.2x	1.250.0x	1.23-0.1x	1.35+0.1x	1.280.0x	1.26-0.1x	1.400.0x	1.42+0.2x	1.19-0.3x	1.470.0x	1.51-0.3x	1.85-0.1x	2.00+0.1x	1.91+0.4x	1.48
Debt-to-Equity	1.46+0.2x	1.30+0.6x	0.69+0.2x	0.54-0.1x	0.630.0x	0.620.0x	0.58+0.1x	0.510.0x	0.48+0.1x	0.350.0x	0.31-0.1x	0.370.0x	0.42-0.4x	0.83-0.2x	1.04
Asset Turnover	0.43+0.1x	0.37-0.3x	0.63+0.1x	0.550.0x	0.590.0x	0.630.0x	0.68-0.1x	0.73-0.1x	0.82-0.1x	0.87-0.1x	0.950.0x	0.950.0x	0.93-0.2x	1.13+0.1x	1.06
FCF Margin	6.4%+11.9pp	-5.5%+13.3pp	-18.8%-4.2pp	-14.6%-4.4pp	-10.2%+13.3pp	-23.4%-16.2pp	-7.3%+12.0pp	-19.3%-10.8pp	-8.5%-0.4pp	-8.1%-8.0pp	-0.1%+10.9pp	-10.9%-16.8pp	5.9%+21.3pp	-15.4%-18.4pp	2.9%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-Q	Q3'2410-Q
Gross Margin	17.7%+2.2pp	14.1%-0.7pp	N/A	16.0%+0.6pp	15.5%+0.7pp	14.7%-1.0pp	12.5%-4.3pp	15.4%-3.6pp
Operating Margin	8.6%+2.7pp	2.5%-1.3pp	N/A	8.1%+1.0pp	5.9%+1.1pp	3.9%+1.2pp	8.4%+0.7pp	7.0%+0.6pp
Net Margin	1.9%-0.8pp	-4.5%-3.0pp	N/A	3.5%0.0pp	2.7%+1.6pp	-1.6%-0.6pp	7.0%-0.7pp	3.5%-2.8pp
Return on Equity	0.8%-0.4pp	-1.7%-1.2pp	N/A	1.8%-0.1pp	1.2%+0.7pp	-0.5%-0.2pp	3.7%-0.1pp	1.9%-0.6pp
Return on Assets	0.2%-0.1pp	-0.4%-0.3pp	N/A	0.4%0.0pp	0.3%+0.2pp	-0.1%0.0pp	0.9%0.0pp	0.4%-0.2pp
Current Ratio	1.67+0.1x	1.49-0.1x	1.510.0x	1.51+0.2x	1.56+0.6x	1.57+0.6x	1.46+0.2x	1.27+0.1x
Debt-to-Equity	1.45-0.2x	1.71+0.2x	1.62+0.2x	1.63+0.2x	1.61+0.4x	1.55+0.4x	1.46+0.2x	1.41+0.2x
Asset Turnover	0.110.0x	0.090.0x	N/A	0.120.0x	0.110.0x	0.080.0x	0.130.0x	0.130.0x
FCF Margin	-21.0%-15.3pp	8.7%+16.8pp	N/A	3.3%-1.5pp	-5.7%-17.6pp	-8.1%-14.8pp	3.2%+10.2pp	4.8%+7.3pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Ameresco, Inc. AMRC	FY2024	$1.8B	$56.8M	3.2%	$1.1B	34/100
Matrix Service Co MTRX	FY2026	$873.6M	-$2.6M	-0.3%	$290.8M	35/100
Bowman Consulting Group Ltd. BWMN	FY2025	$490.0M	$12.8M	2.6%	$738.4M	43/100
Willdan Group, Inc. WLDN	FY2025	$681.6M	$52.6M	7.7%	$1.1B	63/100
Great Lakes Dredge & Dock Corporation GLDD	FY2025	$888.3M	$73.5M	8.3%	$1.1B	46/100

Where Ameresco, Inc. Ranks

Frequently Asked Questions

What is Ameresco, Inc.'s annual revenue?

Ameresco, Inc. (AMRC) reported $1.8B in total revenue for fiscal year 2024. This represents a 28.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ameresco, Inc.'s revenue growing?

Ameresco, Inc. (AMRC) revenue grew by 28.8% year-over-year, from $1.4B to $1.8B in fiscal year 2024.

Is Ameresco, Inc. profitable?

Yes, Ameresco, Inc. (AMRC) reported a net income of $56.8M in fiscal year 2024, with a net profit margin of 3.2%.

What is Ameresco, Inc.'s EBITDA?

Ameresco, Inc. (AMRC) had EBITDA of $198.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Ameresco, Inc. have?

As of fiscal year 2024, Ameresco, Inc. (AMRC) had $108.5M in cash and equivalents against $1.5B in long-term debt.

What is Ameresco, Inc.'s gross margin?

Ameresco, Inc. (AMRC) had a gross margin of 14.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ameresco, Inc.'s operating margin?

Ameresco, Inc. (AMRC) had an operating margin of 6.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Ameresco, Inc.'s net profit margin?

Ameresco, Inc. (AMRC) had a net profit margin of 3.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Ameresco, Inc.'s return on equity (ROE)?

Ameresco, Inc. (AMRC) has a return on equity of 5.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Ameresco, Inc.'s free cash flow?

Ameresco, Inc. (AMRC) generated $113.3M in free cash flow during fiscal year 2024. This represents a 249.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ameresco, Inc.'s operating cash flow?

Ameresco, Inc. (AMRC) generated $117.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Ameresco, Inc.'s total assets?

Ameresco, Inc. (AMRC) had $4.2B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Ameresco, Inc.'s capital expenditures?

Ameresco, Inc. (AMRC) invested $4.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is Ameresco, Inc.'s current ratio?

Ameresco, Inc. (AMRC) had a current ratio of 1.46 as of fiscal year 2024, which is considered adequate.

What is Ameresco, Inc.'s debt-to-equity ratio?

Ameresco, Inc. (AMRC) had a debt-to-equity ratio of 1.46 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ameresco, Inc.'s return on assets (ROA)?

Ameresco, Inc. (AMRC) had a return on assets of 1.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Ameresco, Inc.'s P/E ratio?

Ameresco, Inc. (AMRC) trades at 20.2x earnings, its market capitalization divided by net income of $56.8M net income, FY2024. The market capitalization is $1.1B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ameresco, Inc.'s price-to-sales ratio?

Ameresco, Inc. (AMRC) trades at 0.6x sales, its market capitalization divided by revenue of $1.8B revenue, FY2024. The market capitalization is $1.1B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ameresco, Inc.'s Altman Z-Score?

Ameresco, Inc. (AMRC) has an Altman Z-Score of 1.07, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Ameresco, Inc.'s Piotroski F-Score?

Ameresco, Inc. (AMRC) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ameresco, Inc.'s earnings high quality?

Ameresco, Inc. (AMRC) has an earnings quality ratio of 2.07x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Ameresco, Inc. cover its interest payments?

Ameresco, Inc. (AMRC) has an interest coverage ratio of 1.67x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Ameresco, Inc.?

Ameresco, Inc. (AMRC) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.