This page shows Emcor Group Inc (EME) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Emcor Group Inc has an operating margin of 10.1%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 45/100, indicating healthy but not exceptional operating efficiency. This is up from 9.2% the prior year.
Emcor Group Inc's revenue surged 16.6% year-over-year to $17.0B, reflecting rapid business expansion. This strong growth earns a score of 61/100.
Emcor Group Inc carries a low D/E ratio of 1.53, meaning only $1.53 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.
Emcor Group Inc's current ratio of 1.22 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 20/100, which could limit financial flexibility.
Emcor Group Inc has a free cash flow margin of 7.0%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.
Emcor Group Inc earns a strong 34.6% return on equity (ROE), meaning it generates $35 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 88/100. This is up from 34.3% the prior year.
Emcor Group Inc scores 7.09, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($33.8B) relative to total liabilities ($5.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Emcor Group Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Emcor Group Inc generates $1.02 in operating cash flow ($1.3B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Emcor Group Inc earns $142.5 in operating income for every $1 of interest expense ($1.7B vs $12.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Emcor Group Inc generated $17.0B in revenue in fiscal year 2025. This represents an increase of 16.6% from the prior year.
Emcor Group Inc's EBITDA was $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.5% from the prior year.
Emcor Group Inc reported $1.3B in net income in fiscal year 2025. This represents an increase of 26.4% from the prior year.
Emcor Group Inc earned $28.19 per diluted share (EPS) in fiscal year 2025. This represents an increase of 31.0% from the prior year.
Cash & Balance Sheet
Emcor Group Inc generated $1.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 10.8% from the prior year.
Emcor Group Inc held $1.1B in cash against $0 in long-term debt as of fiscal year 2025.
Emcor Group Inc paid $1.00 per share in dividends in fiscal year 2025. This represents an increase of 7.5% from the prior year.
Emcor Group Inc had 45M shares outstanding in fiscal year 2025. This represents a decrease of 2.8% from the prior year.
Margins & Returns
Emcor Group Inc's gross margin was 19.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Emcor Group Inc's operating margin was 10.1% in fiscal year 2025, reflecting core business profitability. This is up 0.9 percentage points from the prior year.
Emcor Group Inc's net profit margin was 7.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.
Emcor Group Inc's ROE was 34.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the prior year.
Capital Allocation
Emcor Group Inc spent $586.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 19.7% from the prior year.
Emcor Group Inc invested $112.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 50.4% from the prior year.
EME Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5B+4.9% | $4.3B-0.1% | $4.3B+11.3% | $3.9B+2.6% | $3.8B+2.0% | $3.7B+0.8% | $3.7B+6.8% | $3.4B |
| Cost of Revenue | $3.6B+4.5% | $3.5B-0.1% | $3.5B+10.4% | $3.1B+4.4% | $3.0B+1.7% | $3.0B-0.7% | $3.0B+4.9% | $2.8B |
| Gross Profit | $891.2M+6.7% | $835.3M+0.2% | $833.8M+15.4% | $722.7M-4.5% | $757.0M+3.0% | $734.7M+7.4% | $684.0M+16.1% | $589.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $462.3M+7.6% | $429.6M+2.6% | $418.6M+3.6% | $404.0M+9.6% | $368.5M-0.7% | $371.2M+5.7% | $351.2M+6.6% | $329.4M |
| Operating Income | $573.8M+41.4% | $405.7M-2.3% | $415.2M+30.3% | $318.8M-18.0% | $388.6M+6.9% | $363.5M+9.2% | $332.8M+28.0% | $260.0M |
| Interest Expense | N/A | N/A | N/A | $5.4M+129.6% | -$18.2M-318.7% | $8.3M+36.1% | $6.1M-19.0% | $7.5M |
| Income Tax | $143.2M+27.6% | $112.2M+2.1% | $109.9M+31.5% | $83.5M-21.4% | $106.3M+4.4% | $101.8M+11.2% | $91.6M+29.8% | $70.6M |
| Net Income | $434.6M+47.1% | $295.4M-2.2% | $302.2M+25.5% | $240.7M-17.6% | $292.2M+8.1% | $270.3M+9.2% | $247.6M+25.6% | $197.1M |
| EPS (Diluted) | N/A | $6.57-2.2% | $6.72+27.8% | $5.26 | N/A | $5.80+10.5% | $5.25+25.9% | $4.17 |
EME Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.3B+7.5% | $8.6B+2.9% | $8.4B+4.0% | $8.1B+4.7% | $7.7B+5.4% | $7.3B+3.5% | $7.1B+5.8% | $6.7B |
| Current Assets | $5.9B+8.8% | $5.5B+5.4% | $5.2B+5.4% | $4.9B-8.9% | $5.4B+7.6% | $5.0B+5.6% | $4.7B+5.2% | $4.5B |
| Cash & Equivalents | $1.1B+69.7% | $655.1M+34.8% | $486.0M-15.7% | $576.7M-56.9% | $1.3B+29.4% | $1.0B+28.3% | $807.3M-4.0% | $841.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $4.2B+3.3% | $4.1B-0.2% | $4.1B+8.1% | $3.8B+6.4% | $3.6B+1.9% | $3.5B+1.4% | $3.5B+7.9% | $3.2B |
| Goodwill | $1.4B+3.9% | $1.4B+0.6% | $1.4B+1.1% | $1.3B+31.2% | $1.0B+1.6% | $1.0B+0.4% | $998.6M+4.4% | $956.5M |
| Total Liabilities | $5.6B+5.9% | $5.3B-0.8% | $5.3B+4.3% | $5.1B+7.3% | $4.8B+4.7% | $4.6B+5.5% | $4.3B+6.3% | $4.1B |
| Current Liabilities | $4.9B+6.2% | $4.6B+4.2% | $4.4B+4.1% | $4.2B+1.6% | $4.2B+5.8% | $3.9B+6.9% | $3.7B+7.0% | $3.4B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $3.7B+10.2% | $3.3B+9.3% | $3.1B+3.4% | $2.9B+0.4% | $2.9B+6.5% | $2.8B+0.5% | $2.7B+5.0% | $2.6B |
| Retained Earnings | $6.0B+7.6% | $5.6B+5.4% | $5.3B+5.8% | $5.0B+4.8% | $4.8B+6.2% | $4.5B+6.1% | $4.2B+5.9% | $4.0B |
EME Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $524.4M+10.3% | $475.5M+145.5% | $193.7M+78.6% | $108.5M-76.9% | $469.5M-10.8% | $526.4M+88.2% | $279.7M+111.5% | $132.3M |
| Capital Expenditures | $31.9M+19.7% | $26.7M-4.9% | $28.0M+7.3% | $26.1M+47.6% | $17.7M-0.1% | $17.7M-8.0% | $19.3M-5.1% | $20.3M |
| Free Cash Flow | $492.5M+9.7% | $448.8M+171.0% | $165.6M+101.2% | $82.3M-81.8% | $451.8M-11.2% | $508.7M+95.3% | $260.4M+132.6% | $112.0M |
| Investing Cash Flow | $104.1M+367.7% | -$38.9M+38.6% | -$63.4M+92.8% | -$875.4M-1474.6% | -$55.6M-70.8% | -$32.5M+83.0% | -$191.7M-886.2% | -$19.4M |
| Financing Cash Flow | -$168.7M+36.1% | -$263.9M-14.6% | -$230.3M-27680.0% | -$829K+99.2% | -$100.3M+63.3% | -$273.6M-123.3% | -$122.5M-107.8% | -$58.9M |
| Dividends Paid | $11.2M0.0% | $11.2M0.0% | $11.2M-2.3% | $11.5M-0.4% | $11.5M-1.4% | $11.7M-0.7% | $11.7M+38.7% | $8.5M |
| Share Buybacks | $154.1M | $0-100.0% | $207.3M-7.8% | $224.8M+166.4% | $84.4M-67.1% | $256.4M+133.1% | $110.0M+182.1% | $39.0M |
EME Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.8%+0.3pp | 19.4%+0.1pp | 19.4%+0.7pp | 18.7%-1.4pp | 20.1%+0.2pp | 19.9%+1.2pp | 18.6%+1.5pp | 17.2% |
| Operating Margin | 12.7%+3.3pp | 9.4%-0.2pp | 9.7%+1.4pp | 8.2%-2.1pp | 10.3%+0.5pp | 9.8%+0.7pp | 9.1%+1.5pp | 7.6% |
| Net Margin | 9.6%+2.8pp | 6.9%-0.2pp | 7.0%+0.8pp | 6.2%-1.5pp | 7.8%+0.4pp | 7.3%+0.6pp | 6.8%+1.0pp | 5.7% |
| Return on Equity | 11.8%+3.0pp | 8.9%-1.0pp | 9.9%+1.7pp | 8.2%-1.8pp | 10.0%+0.2pp | 9.8%+0.8pp | 9.0%+1.5pp | 7.5% |
| Return on Assets | 4.7%+1.3pp | 3.4%-0.2pp | 3.6%+0.6pp | 3.0%-0.8pp | 3.8%+0.1pp | 3.7%+0.2pp | 3.5%+0.6pp | 2.9% |
| Current Ratio | 1.22+0.0 | 1.19+0.0 | 1.18+0.0 | 1.16-0.1 | 1.30+0.0 | 1.28-0.0 | 1.29-0.0 | 1.31 |
| Debt-to-Equity | 1.53-0.1 | 1.59-0.2 | 1.75+0.0 | 1.74+0.1 | 1.63-0.0 | 1.65+0.1 | 1.58+0.0 | 1.56 |
| FCF Margin | 10.9%+0.5pp | 10.4%+6.6pp | 3.9%+1.7pp | 2.1%-9.8pp | 12.0%-1.8pp | 13.8%+6.7pp | 7.1%+3.8pp | 3.3% |
Similar Companies
Frequently Asked Questions
What is Emcor Group Inc's annual revenue?
Emcor Group Inc (EME) reported $17.0B in total revenue for fiscal year 2025. This represents a 16.6% 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 Emcor Group Inc's revenue growing?
Emcor Group Inc (EME) revenue grew by 16.6% year-over-year, from $14.6B to $17.0B in fiscal year 2025.
Is Emcor Group Inc profitable?
Yes, Emcor Group Inc (EME) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 7.5%.
What is Emcor Group Inc's EBITDA?
Emcor Group Inc (EME) had EBITDA of $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Emcor Group Inc's gross margin?
Emcor Group Inc (EME) had a gross margin of 19.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Emcor Group Inc's operating margin?
Emcor Group Inc (EME) had an operating margin of 10.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Emcor Group Inc's net profit margin?
Emcor Group Inc (EME) had a net profit margin of 7.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Emcor Group Inc pay dividends?
Yes, Emcor Group Inc (EME) paid $1.00 per share in dividends during fiscal year 2025.
What is Emcor Group Inc's return on equity (ROE)?
Emcor Group Inc (EME) has a return on equity of 34.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Emcor Group Inc's free cash flow?
Emcor Group Inc (EME) generated $1.2B in free cash flow during fiscal year 2025. This represents a -10.8% 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 Emcor Group Inc's operating cash flow?
Emcor Group Inc (EME) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Emcor Group Inc's total assets?
Emcor Group Inc (EME) had $9.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Emcor Group Inc's capital expenditures?
Emcor Group Inc (EME) invested $112.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Emcor Group Inc's current ratio?
Emcor Group Inc (EME) had a current ratio of 1.22 as of fiscal year 2025, which is considered adequate.
What is Emcor Group Inc's debt-to-equity ratio?
Emcor Group Inc (EME) had a debt-to-equity ratio of 1.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Emcor Group Inc's return on assets (ROA)?
Emcor Group Inc (EME) had a return on assets of 13.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Emcor Group Inc's Altman Z-Score?
Emcor Group Inc (EME) has an Altman Z-Score of 7.09, placing it in the Safe Zone (low 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 Emcor Group Inc's Piotroski F-Score?
Emcor Group Inc (EME) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Emcor Group Inc's earnings high quality?
Emcor Group Inc (EME) has an earnings quality ratio of 1.02x, 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 Emcor Group Inc cover its interest payments?
Emcor Group Inc (EME) has an interest coverage ratio of 142.5x, meaning it can comfortably 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 Emcor Group Inc?
Emcor Group Inc (EME) scores 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.