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

EMCOR Group, Inc. (EME) reported diluted earnings per share of $28.19 for fiscal year 2025. This represents a 31.0% 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.

EMCOR Group, Inc. (EME) Financials

EME

Trailing 12 months to June 30, 2026

Revenue $18.6B +18.9% YoY

Net Income $1.4B +30.2% YoY

EPS (Diluted) $32.13 +33.4% YoY

Free Cash Flow $1.2B -3.1% YoY

Market Cap $34.7B as of Oct 3, 2026

Price / Sales 1.9x on $18.6B revenue, trailing 12 months to June 30, 2026

Price / Earnings 24.1x on $1.4B net income, trailing 12 months to June 30, 2026

Price / Book 8.5x on $4.1B 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 3, 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 Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the EME SEC filings page.

EMCOR Group, Inc. (EME) reported $18.6B in revenue over the twelve months to Jun 30, 2026, up 18.9% from the prior twelve months. 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 EME FY2025 2026-10-03

EMCOR’s recent growth is becoming more profitable, but receivables and heavier investment are absorbing more of the cash expansion creates.

Profit growth is outpacing sales growth: from FY2024 to FY2025, revenue rose to $17.0B while operating margin widened from 9.2% to 10.1%. Yet free cash flow fell to $1.19B from $1.33B as operating cash flow declined and capital spending increased, indicating that accounting gains did not translate into equal incremental cash.

Margin expansion appears operational rather than purely volume-driven: net margin reached 7.5% in FY2025 from 6.9% the prior year, while net income grew faster than revenue. The figures show improved conversion of each sales dollar into earnings, though they do not identify whether mix, pricing, or cost control was the main mechanism.

Growth is tying up more working capital: accounts receivable increased to $4.24B in FY2025 from $3.58B, while the current ratio narrowed to 1.2x from 1.3x. That combination suggests the balance sheet is financing more customer activity internally, even as total equity rose and liabilities remained below assets.

Financial Health Signals

Financial Health Score 60/100

Scored against operating companies for FY2025. 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 EMCOR Group, 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

EMCOR Group, Inc. has an operating margin of 10.1%, meaning the company retains $10 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. This is up from 9.2% the prior year.

Growth

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 78/100.

Leverage

EMCOR Group, Inc. has a moderate D/E ratio of 1.53. This balance of debt and equity financing earns a leverage score of 37/100.

Liquidity

EMCOR Group, Inc.'s current ratio of 1.22 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

EMCOR Group, Inc. has a free cash flow margin of 7.0%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

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 89/100. This is up from 34.3% the prior year.

Altman Z-Score Safe

7.19

EMCOR Group, Inc. scores 7.19, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($34.7B) relative to total liabilities ($5.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

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

Piotroski F-Score Partial

6/8

EMCOR Group, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.02x

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.

Interest Coverage Safe

142.55x

EMCOR Group, Inc. earns $142.55 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

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Earnings & Revenue

Revenue

$5.2B

YoY+19.8%

QoQ+11.4%

5Y CAGR+16.2%

10Y CAGR+10.3%

EMCOR Group, Inc. generated $5.2B in revenue in Q2 2026. This represents an increase of 19.8% from the same quarter a year earlier. Against the prior quarter it is up 11.4%.

EBITDA

$601.6M

YoY+30.3%

QoQ+31.8%

5Y CAGR+30.1%

EMCOR Group, Inc.'s EBITDA was $601.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 30.3% from the same quarter a year earlier. Against the prior quarter it is up 31.8%.

Net Income

$403.7M

YoY+33.6%

QoQ+32.1%

5Y CAGR+32.9%

10Y CAGR+22.0%

EMCOR Group, Inc. reported $403.7M in net income in Q2 2026. This represents an increase of 33.6% from the same quarter a year earlier. Against the prior quarter it is up 32.1%.

EPS (Diluted)

$9.06

YoY+34.8%

QoQ+32.5%

5Y CAGR+38.5%

10Y CAGR+26.0%

EMCOR Group, Inc. earned $9.06 per diluted share (EPS) in Q2 2026. This represents an increase of 34.8% from the same quarter a year earlier. Against the prior quarter it is up 32.5%.

Cash & Balance Sheet

Free Cash Flow

$258.2M

YoY+55.9%

QoQ+1017.1%

5Y CAGR+28.6%

10Y CAGR+13.2%

EMCOR Group, Inc. generated $258.2M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 55.9% from the same quarter a year earlier. Against the prior quarter it is up 1017.1%.

Cash & Debt

$924.4M

YoY+90.2%

QoQ+0.9%

5Y CAGR+6.7%

10Y CAGR+7.6%

EMCOR Group, Inc. held $924.4M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.40

YoY+60.0%

QoQ0.0%

5Y CAGR+25.2%

10Y CAGR+17.5%

EMCOR Group, Inc. paid $0.40 per share in dividends in Q2 2026. This represents an increase of 60.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

44M

YoY-1.5%

QoQ-0.7%

5Y CAGR-3.9%

10Y CAGR-3.2%

EMCOR Group, Inc. had 44M shares outstanding in Q2 2026. This represents a decrease of 1.5% from the same quarter a year earlier. Against the prior quarter it is down 0.7%.

Margins & Returns

Gross Margin

19.8%

YoY+0.5pp

QoQ+1.2pp

5Y change+4.4pp

10Y change+5.6pp

EMCOR Group, Inc.'s gross margin was 19.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.

Operating Margin

10.6%

YoY+1.0pp

QoQ+1.9pp

5Y change+5.2pp

EMCOR Group, Inc.'s operating margin was 10.6% in Q2 2026, reflecting core business profitability. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.

Net Margin

7.8%

YoY+0.8pp

QoQ+1.2pp

5Y change+3.8pp

10Y change+5.0pp

EMCOR Group, Inc.'s net profit margin was 7.8% in Q2 2026, showing the share of revenue converted to profit. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.

Return on Equity

9.9%

YoY0.0pp

QoQ+2.0pp

5Y change+5.2pp

10Y change+6.3pp

EMCOR Group, Inc.'s ROE was 9.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.

Capital Allocation

Share Buybacks

$181.4M

YoY-12.5%

QoQ+108.3%

5Y CAGR+7.7%

EMCOR Group, Inc. spent $181.4M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 12.5% from the same quarter a year earlier. Against the prior quarter it is up 108.3%.

Capital Expenditures

$31.1M

YoY+11.1%

QoQ+8.5%

5Y CAGR+29.6%

10Y CAGR+12.1%

EMCOR Group, Inc. invested $31.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 8.5%.

R&D Spending

Not reported for Q2 2026.

EME 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.

EME quarterly income statement

Metric	TTM	FY2510-K	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
Revenue	$18.6B	$17.0B+16.6%	$14.6B+15.8%	$12.6B+13.6%	$11.1B+11.8%	$9.9B+12.6%	$8.8B-4.1%	$9.2B+12.8%	$8.1B+5.8%	$7.7B+1.8%	$7.6B+12.4%	$6.7B+4.6%	$6.4B+1.4%	$6.3B+2.2%	$6.2B+10.4%	$5.6B
Cost of Revenue	$15.0B	$13.7B+16.1%	$11.8B+12.5%	$10.5B+10.8%	$9.5B+12.7%	$8.4B+13.5%	$7.4B-5.3%	$7.8B+12.9%	$6.9B+5.9%	$6.5B+0.4%	$6.5B+12.8%	$5.8B+4.6%	$5.5B+0.1%	$5.5B+2.2%	$5.4B+10.5%	$4.9B
Gross Profit	$3.6B	$3.3B+18.7%	$2.8B+32.3%	$2.1B+30.3%	$1.6B+6.8%	$1.5B+7.6%	$1.4B+2.9%	$1.4B+12.5%	$1.2B+5.1%	$1.1B+10.5%	$1.0B+9.9%	$944.5M+4.1%	$907.2M+10.4%	$821.6M+2.2%	$804.0M+9.5%	$733.9M
SG&A Expenses	$1.8B	$1.7B+20.7%	$1.4B+17.3%	$1.2B+16.6%	$1.0B+7.0%	$970.9M+7.5%	$903.6M+1.1%	$893.5M+11.8%	$799.2M+5.3%	$758.7M+4.4%	$727.1M+10.7%	$656.6M+4.8%	$626.5M+7.9%	$580.6M+6.8%	$543.5M+4.9%	$518.1M
Operating Income	$1.9B	$1.7B+27.4%	$1.3B+53.6%	$875.8M+55.0%	$564.9M+6.4%	$530.8M+106.7%	$256.8M-44.3%	$460.9M+14.3%	$403.1M+22.6%	$328.9M+7.2%	$306.9M+6.9%	$287.1M-1.0%	$289.9M+20.6%	$240.3M-7.7%	$260.3M+23.5%	$210.8M
EBITDA	N/A	$1.9B+28.5%	$1.5B+59.7%	$927.6M+51.5%	$612.2M+5.7%	$579.1M+90.8%	$303.6M-39.9%	$504.8M+14.3%	$441.6M+19.7%	$368.8M+6.7%	$345.8M+6.9%	$323.4M-0.9%	$326.4M+18.0%	$276.7M-5.1%	$291.5M+22.4%	$238.2M
Interest Expense	N/A	$12.0M+218.1%	$3.8M-78.0%	$17.2M+30.3%	$13.2M+117.4%	$6.1M-32.6%	$9.0M-34.8%	$13.8M+2.0%	$13.5M+6.1%	$12.8M+1.1%	$12.6M+41.4%	$8.9M-1.6%	$9.1M+3.5%	$8.8M+20.5%	$7.3M-35.4%	$11.3M
Income Tax	$508.0M	$448.8M+21.2%	$370.2M+54.6%	$239.5M+56.9%	$152.6M+4.8%	$145.6M+22.0%	$119.4M-5.1%	$125.7M+15.3%	$109.1M+20.3%	$90.7M-18.4%	$111.2M+4.7%	$106.3M+2.6%	$103.5M+25.8%	$82.3M-15.9%	$97.9M+27.5%	$76.8M
Net Income	$1.4B	$1.3B+26.4%	$1.0B+59.1%	$633.0M+55.9%	$406.1M+5.9%	$383.5M+188.5%	$132.9M-59.1%	$325.1M+14.7%	$283.5M+24.8%	$227.2M+24.9%	$181.9M+5.6%	$172.3M+2.1%	$168.7M+36.2%	$123.8M-15.5%	$146.6M+12.0%	$130.8M
EPS (Basic)	N/A	$28.30+31.0%	$21.61+61.6%	$13.37+64.5%	$8.13+14.7%	$7.09+194.2%	$2.41-58.3%	$5.78+18.4%	$4.88+27.1%	$3.84+28.0%	$3.00+9.5%	$2.74+7.9%	$2.54+37.3%	$1.85-15.9%	$2.20+12.2%	$1.96
EPS (Diluted)	$32.13	$28.19+31.0%	$21.52+61.7%	$13.31+64.3%	$8.10+14.7%	$7.06+194.2%	$2.40-58.3%	$5.75+18.6%	$4.85+27.0%	$3.82+28.6%	$2.97+9.2%	$2.72+7.9%	$2.52+38.5%	$1.82-15.7%	$2.16+13.1%	$1.91
Diluted Shares (Avg)	N/A	45M-3.6%	47M-1.6%	48M-5.1%	50M-7.7%	54M-1.9%	55M-1.9%	57M-3.3%	58M-2.0%	60M-2.6%	61M-3.3%	63M-5.6%	67M-1.5%	68M+0.5%	68M-0.9%	68M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$5.2B+19.8%	$4.6B+19.7%	$4.5B+19.7%	$4.3B+16.4%	$4.3B+17.4%	$3.9B+12.7%	$3.8B+9.6%	$3.7B+15.3%
Cost of Revenue	$4.1B+19.1%	$3.8B+19.7%	$3.6B+20.2%	$3.5B+17.0%	$3.5B+16.4%	$3.1B+10.6%	$3.0B+6.8%	$3.0B+11.3%
Gross Profit	$1.0B+22.6%	$864.0M+19.5%	$891.2M+17.7%	$835.3M+13.7%	$833.8M+21.9%	$722.7M+22.6%	$757.0M+22.5%	$734.7M+34.7%
SG&A Expenses	$475.0M+13.5%	$460.1M+13.9%	$462.3M+25.5%	$429.6M+15.7%	$418.6M+19.2%	$404.0M+22.7%	$368.5M+12.1%	$371.2M+20.5%
Operating Income	$547.3M+31.8%	$403.8M+26.7%	$573.8M+47.7%	$405.7M+11.6%	$415.2M+24.8%	$318.8M+22.6%	$388.6M+34.4%	$363.5M+54.7%
EBITDA	$601.6M+30.3%	$456.4M+26.5%	$626.6M+46.9%	$453.5M+13.9%	$461.9M+25.8%	$360.7M+24.6%	$426.5M+68.4%	$398.1M+50.1%
Interest Expense	N/A	N/A	N/A	N/A	N/A	$5.4M-28.6%	-$18.2M-183.3%	$8.3M+9335.6%
Income Tax	$148.0M+34.7%	$104.6M+25.2%	$143.2M+34.7%	$112.2M+10.2%	$109.9M+20.0%	$83.5M+18.4%	$106.3M+32.5%	$101.8M+57.0%
Net Income	$403.7M+33.6%	$305.5M+26.9%	$434.6M+48.8%	$295.4M+9.3%	$302.2M+22.0%	$240.7M+22.1%	$292.2M+38.1%	$270.3M+59.5%
EPS (Basic)	$9.09+34.9%	$6.85+30.0%	$9.71+53.2%	$6.59+13.0%	$6.74+27.9%	$5.27+26.1%	$6.34+41.2%	$5.83+62.4%
EPS (Diluted)	$9.06+34.8%	$6.84+30.0%	$9.66+53.1%	$6.57+13.3%	$6.72+28.0%	$5.26+26.1%	$6.31+41.5%	$5.80+62.5%
Diluted Shares (Avg)	45M-1.0%	45M-2.4%	N/A	45M-3.5%	45M-4.6%	46M-3.2%	N/A	47M-1.7%

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

EME Balance Sheet

EME quarterly balance sheet

Metric	FY2510-K	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
Total Assets	$9.3B+20.4%	$7.7B+16.7%	$6.6B+19.6%	$5.5B+1.5%	$5.4B+7.5%	$5.1B+4.8%	$4.8B+18.1%	$4.1B+3.1%	$4.0B+2.9%	$3.9B+9.9%	$3.5B+3.6%	$3.4B-2.4%	$3.5B+11.5%	$3.1B+3.1%	$3.0B
Current Assets	$5.9B+10.2%	$5.4B+21.2%	$4.4B+28.5%	$3.5B+2.1%	$3.4B+8.7%	$3.1B+17.3%	$2.7B+11.5%	$2.4B+4.5%	$2.3B+5.3%	$2.2B+5.0%	$2.1B+9.5%	$1.9B-2.3%	$1.9B-5.6%	$2.0B+5.6%	$1.9B
Cash & Equivalents	$1.1B-17.0%	$1.3B+69.6%	$789.8M+73.0%	$456.4M-44.4%	$821.3M-9.0%	$902.9M+151.6%	$358.8M-1.4%	$363.9M-22.1%	$467.4M+0.6%	$464.6M-4.6%	$486.8M+12.7%	$432.1M-1.8%	$439.8M-27.3%	$605.3M+18.4%	$511.3M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$4.2B+18.6%	$3.6B+11.7%	$3.2B+24.8%	$2.6B+16.5%	$2.2B+14.7%	$1.9B-5.4%	$2.0B+14.5%	$1.8B+10.3%	$1.6B+7.5%	$1.5B+10.0%	$1.4B+10.2%	$1.2B-2.7%	$1.3B+3.8%	$1.2B+2.9%	$1.2B
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.4B+38.7%	$1.0B+6.5%	$956.5M+4.1%	$919.2M+3.2%	$890.3M+4.5%	$851.8M-19.9%	$1.1B+7.4%	$990.9M+2.7%	$964.9M-1.5%	$979.6M+16.2%	$843.2M+1.1%	$834.1M-0.1%	$834.8M+47.3%	$566.6M0.0%	$566.8M
Total Liabilities	$5.6B+17.6%	$4.8B+15.4%	$4.1B+16.6%	$3.6B+11.4%	$3.2B+5.9%	$3.0B+8.6%	$2.8B+18.1%	$2.3B+2.4%	$2.3B-1.0%	$2.3B+12.2%	$2.1B+5.3%	$2.0B-1.3%	$2.0B+13.5%	$1.7B-1.1%	$1.8B
Current Liabilities	$4.9B+17.1%	$4.2B+18.1%	$3.5B+27.8%	$2.8B+16.6%	$2.4B+9.2%	$2.2B+11.6%	$1.9B+11.8%	$1.7B+5.1%	$1.7B+9.2%	$1.5B+7.0%	$1.4B+10.1%	$1.3B-1.2%	$1.3B+0.3%	$1.3B-2.7%	$1.3B
Non-Current Liabilities	$751.5M+20.4%	$623.9M+0.5%	$620.6M-22.1%	$796.8M-3.6%	$826.6M-2.4%	$847.4M+1.6%	$834.0M+36.1%	$613.0M-4.3%	$640.8M-20.2%	$802.7M+23.5%	$650.2M-3.8%	$676.2M-1.7%	$687.5M+51.0%	$455.4M+4.0%	$438.0M
Long-Term Debt	N/A	N/A	$2.8M-98.8%	$231.6M-5.6%	$245.4M-5.5%	$259.6M-11.7%	$294.1M+5.1%	$279.8M-5.1%	$294.8M-27.8%	$408.3M+37.2%	$297.6M-6.0%	$316.4M-5.6%	$335.3M+117.6%	$154.1M+0.5%	$153.3M
Total Equity	$3.7B+25.1%	$2.9B+18.9%	$2.5B+25.1%	$2.0B-12.4%	$2.3B+9.7%	$2.1B-0.2%	$2.1B+18.2%	$1.7B+4.0%	$1.7B+8.9%	$1.5B+4.1%	$1.5B+4.3%	$1.4B-3.4%	$1.5B+8.9%	$1.3B+9.0%	$1.2B
Retained Earnings	$6.0B+25.7%	$4.8B+25.3%	$3.8B+18.7%	$3.2B+13.4%	$2.8B+14.3%	$2.5B+4.8%	$2.4B+14.9%	$2.1B+14.7%	$1.8B+12.5%	$1.6B+11.4%	$1.4B+11.9%	$1.3B+13.0%	$1.1B+10.9%	$1.0B+12.3%	$910.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$10.2B+20.9%	$9.5B+17.7%	$9.3B+20.4%	$8.6B+18.0%	$8.4B+18.8%	$8.1B+20.8%	$7.7B+16.7%	$7.3B+17.6%
Current Assets	$6.7B+28.9%	$6.1B+23.7%	$5.9B+10.2%	$5.5B+9.0%	$5.2B+9.2%	$4.9B+8.9%	$5.4B+21.2%	$5.0B+23.0%
Cash & Equivalents	$924.4M+90.2%	$916.4M+58.9%	$1.1B-17.0%	$655.1M-36.7%	$486.0M-39.8%	$576.7M-31.4%	$1.3B+69.6%	$1.0B+97.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$5.1B+23.9%	$4.5B+19.5%	$4.2B+18.6%	$4.1B+17.0%	$4.1B+19.0%	$3.8B+18.8%	$3.6B+11.7%	$3.5B+14.5%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.5B+7.8%	$1.4B+7.3%	$1.4B+38.7%	$1.4B+35.6%	$1.4B+35.4%	$1.3B+39.7%	$1.0B+6.5%	$1.0B+5.1%
Total Liabilities	$6.1B+13.7%	$5.6B+10.0%	$5.6B+17.6%	$5.3B+16.2%	$5.3B+23.6%	$5.1B+25.9%	$4.8B+15.4%	$4.6B+15.7%
Current Liabilities	$5.2B+18.9%	$4.8B+14.2%	$4.9B+17.1%	$4.6B+16.7%	$4.4B+19.6%	$4.2B+23.0%	$4.2B+18.1%	$3.9B+21.4%
Non-Current Liabilities	$852.0M-10.5%	$819.0M-9.5%	$751.5M+20.4%	$724.3M+13.6%	$952.4M+45.7%	$904.7M+41.3%	$623.9M+0.5%	$637.6M-10.4%
Total Equity	$4.1B+33.7%	$3.9B+31.1%	$3.7B+25.1%	$3.3B+20.9%	$3.1B+11.2%	$2.9B+12.8%	$2.9B+18.9%	$2.8B+21.0%
Retained Earnings	$6.7B+26.1%	$6.3B+25.7%	$6.0B+25.7%	$5.6B+24.1%	$5.3B+25.0%	$5.0B+25.1%	$4.8B+25.3%	$4.5B+24.5%

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

EME Cash Flow Statement

EME quarterly cash flow statement

Metric	TTM	FY2510-K	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
Operating Cash Flow	$1.3B	$1.3B-7.5%	$1.4B+56.5%	$899.7M+80.7%	$497.9M+56.2%	$318.8M-60.5%	$806.4M+126.7%	$355.7M+31.2%	$271.0M-26.0%	$366.0M+39.5%	$262.4M-1.6%	$266.7M+8.1%	$246.7M+64.4%	$150.1M-18.6%	$184.4M+23.4%	$149.4M
Depreciation & Amortization	N/A	$189.3M+38.9%	$136.3M+163.0%	$51.8M+9.6%	$47.3M-2.2%	$48.3M+3.5%	$46.7M+6.3%	$43.9M+14.2%	$38.5M-3.6%	$39.9M+2.7%	$38.9M+7.1%	$36.3M-0.6%	$36.5M+0.6%	$36.3M+16.4%	$31.2M+13.8%	$27.4M
Stock-Based Compensation	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$200K
Capital Expenditures	$118.4M	$112.8M+50.4%	$75.0M-4.4%	$78.4M+59.1%	$49.3M+36.2%	$36.2M-24.6%	$48.0M-1.0%	$48.4M+11.4%	$43.5M+25.4%	$34.7M-12.5%	$39.6M+11.8%	$35.5M-6.8%	$38.0M+7.1%	$35.5M-6.3%	$37.9M+28.0%	$29.6M
Free Cash Flow	$1.2B	$1.2B-10.8%	$1.3B+62.3%	$821.3M+83.1%	$448.6M+58.7%	$282.6M-62.7%	$758.4M+146.8%	$307.3M+35.0%	$227.5M-31.3%	$331.4M+48.8%	$222.7M-3.7%	$231.2M+10.8%	$208.6M+82.1%	$114.6M-21.8%	$146.5M+22.3%	$119.8M
Investing Cash Flow	-$87.5M	-$873.6M-191.9%	-$299.3M-85.6%	-$161.3M-14.6%	-$140.8M+8.0%	-$153.1M-61.4%	-$94.9M+72.5%	-$345.3M-193.4%	-$117.7M+14.8%	-$138.1M+49.0%	-$270.7M-352.6%	-$59.8M-176.0%	-$21.7M+95.5%	-$483.4M-1036.2%	-$42.5M+86.7%	-$320.5M
Financing Cash Flow	-$757.3M	-$663.8M-19.5%	-$555.4M-34.8%	-$412.1M+42.0%	-$710.1M-189.3%	-$245.5M-42.8%	-$171.9M-793.2%	-$19.2M+92.4%	-$253.0M-10.8%	-$228.5M-2323.1%	-$9.4M+93.7%	-$149.5M+35.0%	-$229.9M-237.7%	$167.0M+430.2%	-$50.6M-72.7%	-$29.3M
Dividends Paid	$58.0M	$45.0M+3.8%	$43.4M+32.7%	$32.7M+20.2%	$27.2M-3.5%	$28.2M+59.3%	$17.7M-1.5%	$17.9M-3.7%	$18.6M-1.7%	$19.0M-2.5%	$19.5M-3.2%	$20.1M-5.6%	$21.3M+76.3%	$12.1M-64.5%	$34.1M+921.4%	$3.3M
Share Buybacks	$422.6M	$586.3M+19.7%	$489.8M+283.5%	$127.7M-80.7%	$660.6M+237.8%	$195.5M+73.7%	$112.6M	$0-100.0%	$216.2M+132.1%	$93.2M-1.1%	$94.2M-9.7%	$104.3M-48.3%	$202.0M+674.8%	$26.1M+9.0%	$23.9M-13.1%	$27.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$289.4M+49.4%	$558K-99.5%	$524.4M+11.7%	$475.5M-9.7%	$193.7M-30.8%	$108.5M-18.0%	$469.5M+10.8%	$526.4M+101.7%
Depreciation & Amortization	$54.3M+16.3%	$52.6M+25.3%	$50.0M+41.6%	$47.8M+38.4%	$46.6M+36.3%	$41.9M+41.8%	$35.3M+198.2%	$34.5M+14.0%
Capital Expenditures	$31.1M+11.1%	$28.7M+9.9%	$31.9M+80.3%	$26.7M+50.5%	$28.0M+45.7%	$26.1M+28.9%	$17.7M-19.9%	$17.7M-10.3%
Free Cash Flow	$258.2M+55.9%	-$28.2M-134.2%	$492.5M+9.0%	$448.8M-11.8%	$165.6M-36.4%	$82.3M-26.5%	$451.8M+12.5%	$508.7M+110.9%
Investing Cash Flow	-$81.0M-27.8%	-$71.8M+91.8%	$104.1M+287.3%	-$38.9M-19.5%	-$63.4M+66.9%	-$875.4M-4403.5%	-$55.6M-104.0%	-$32.5M+62.0%
Financing Cash Flow	-$200.4M+13.0%	-$124.4M-14900.7%	-$168.7M-68.2%	-$263.9M+3.5%	-$230.3M-88.0%	-$829K+98.6%	-$100.3M+26.2%	-$273.6M-82.7%
Dividends Paid	$17.8M+58.9%	$17.8M+55.5%	$11.2M-2.7%	$11.2M-4.1%	$11.2M-4.8%	$11.5M+35.2%	$11.5M+35.5%	$11.7M+37.5%
Share Buybacks	$181.4M-12.5%	$87.1M-61.3%	$154.1M+82.6%	$0-100.0%	$207.3M+88.5%	$224.8M+476.5%	$84.4M+276.5%	$256.4M

Not reported in any period shown, so not listed: Stock-Based Compensation.

EME 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.

EME quarterly financial ratios

Metric	FY2510-K	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
Gross Margin	19.3%+0.4pp	19.0%+2.4pp	16.6%+2.1pp	14.5%-0.7pp	15.2%-0.7pp	15.9%+1.1pp	14.8%-0.1pp	14.8%-0.1pp	14.9%+1.2pp	13.7%-0.3pp	14.1%-0.1pp	14.1%+1.1pp	13.0%0.0pp	13.0%-0.1pp	13.1%
Operating Margin	10.1%+0.9pp	9.2%+2.3pp	7.0%+1.9pp	5.1%-0.3pp	5.4%+2.4pp	2.9%-2.1pp	5.0%+0.1pp	5.0%+0.7pp	4.3%+0.2pp	4.1%-0.2pp	4.3%-0.2pp	4.5%+0.7pp	3.8%-0.4pp	4.2%+0.4pp	3.8%
Net Margin	7.5%+0.6pp	6.9%+1.9pp	5.0%+1.4pp	3.7%-0.2pp	3.9%+2.4pp	1.5%-2.0pp	3.5%+0.1pp	3.5%+0.5pp	3.0%+0.6pp	2.4%-0.2pp	2.6%-0.1pp	2.6%+0.7pp	1.9%-0.4pp	2.4%0.0pp	2.3%
Return on Equity	34.6%+0.4pp	34.3%+8.7pp	25.6%+5.0pp	20.6%+3.6pp	17.0%+10.6pp	6.5%-9.3pp	15.8%-0.5pp	16.3%+2.7pp	13.6%+1.7pp	11.8%+0.2pp	11.7%-0.2pp	11.9%+3.5pp	8.4%-2.4pp	10.9%+0.3pp	10.6%
Return on Assets	13.7%+0.7pp	13.1%+3.5pp	9.6%+2.2pp	7.3%+0.3pp	7.0%+4.4pp	2.6%-4.1pp	6.7%-0.2pp	6.9%+1.2pp	5.7%+1.0pp	4.7%-0.2pp	4.9%-0.1pp	5.0%+1.4pp	3.6%-1.1pp	4.7%+0.4pp	4.3%
Current Ratio	1.22-0.1x	1.300.0x	1.260.0x	1.26-0.2x	1.440.0x	1.44+0.1x	1.370.0x	1.380.0x	1.38-0.1x	1.430.0x	1.460.0x	1.470.0x	1.49-0.1x	1.58+0.1x	1.46
Debt-to-Equity	1.53-0.1x	1.63+1.6x	0.00-0.1x	0.120.0x	0.110.0x	0.130.0x	0.140.0x	0.160.0x	0.18-0.1x	0.27+0.1x	0.200.0x	0.220.0x	0.23+0.1x	0.110.0x	0.12
Asset Turnover	1.83-0.1x	1.890.0x	1.90-0.1x	2.00+0.2x	1.82+0.1x	1.74-0.2x	1.90-0.1x	1.99+0.1x	1.940.0x	1.960.0x	1.920.0x	1.90+0.1x	1.83-0.2x	1.99+0.1x	1.86
FCF Margin	7.0%-2.1pp	9.2%+2.6pp	6.5%+2.5pp	4.0%+1.2pp	2.9%-5.8pp	8.6%+5.3pp	3.4%+0.6pp	2.8%-1.5pp	4.3%+1.4pp	2.9%-0.5pp	3.4%+0.2pp	3.3%+1.4pp	1.8%-0.6pp	2.4%+0.2pp	2.1%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	19.8%+0.5pp	18.7%0.0pp	19.8%-0.3pp	19.4%-0.4pp	19.4%+0.7pp	18.7%+1.5pp	20.1%+2.1pp	19.9%+2.9pp
Operating Margin	10.6%+1.0pp	8.7%+0.5pp	12.7%+2.4pp	9.4%-0.4pp	9.7%+0.6pp	8.2%+0.7pp	10.3%+1.9pp	9.8%+2.5pp
Net Margin	7.8%+0.8pp	6.6%+0.4pp	9.6%+1.9pp	6.9%-0.4pp	7.0%+0.3pp	6.2%+0.5pp	7.8%+1.6pp	7.3%+2.0pp
Return on Equity	9.9%0.0pp	7.9%-0.3pp	11.8%+1.9pp	8.9%-0.9pp	9.9%+0.9pp	8.2%+0.6pp	10.0%+1.4pp	9.8%+2.4pp
Return on Assets	4.0%+0.4pp	3.2%+0.2pp	4.7%+0.9pp	3.4%-0.3pp	3.6%+0.1pp	3.0%0.0pp	3.8%+0.6pp	3.7%+1.0pp
Current Ratio	1.28+0.1x	1.26+0.1x	1.22-0.1x	1.19-0.1x	1.18-0.1x	1.16-0.2x	1.300.0x	1.280.0x
Debt-to-Equity	1.49-0.3x	1.46-0.3x	1.53-0.1x	1.59-0.1x	1.75+0.2x	1.74+0.2x	1.63+1.6x	1.65+1.6x
Asset Turnover	0.510.0x	0.490.0x	0.490.0x	0.500.0x	0.510.0x	0.480.0x	0.490.0x	0.500.0x
FCF Margin	5.0%+1.2pp	-0.6%-2.7pp	10.9%-1.1pp	10.4%-3.3pp	3.9%-3.2pp	2.1%-1.1pp	12.0%+0.3pp	13.8%+6.2pp

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
EMCOR Group, Inc. EME	FY2025	$17.0B	$1.3B	7.5%	$34.7B	60/100
Comfort Systems USA, Inc. FIX	FY2025	$1.8B	$1.0B	55.8%	$59.3B	62/100
Jacobs Solutions Inc. J	FY2025	$12.0B	$289.3M	2.4%	$16.2B	53/100
APi Group Corporation APG	FY2025	$7.9B	$302.0M	3.8%	$17.5B	51/100
Quanta Services, Inc. PWR	FY2025	$28.5B	$1.0B	3.7%	$101.7B	54/100

Where EMCOR Group, Inc. Ranks

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.

Does EMCOR Group, Inc. buy back shares?

Yes, EMCOR Group, Inc. (EME) spent $586.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does EMCOR Group, Inc. have outstanding?

EMCOR Group, Inc. (EME) had 45M shares outstanding as of fiscal year 2025.

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 P/E ratio?

EMCOR Group, Inc. (EME) trades at 24.1x earnings, its market capitalization divided by net income of $1.4B net income, trailing 12 months to June 30, 2026. The market capitalization is $34.7B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

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

EMCOR Group, Inc. (EME) trades at 1.9x sales, its market capitalization divided by revenue of $18.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $34.7B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

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

EMCOR Group, Inc. (EME) has an Altman Z-Score of 7.19, 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 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 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 142.55x, 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 60 out of 100 on our Financial Health Score, indicating moderate 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.