EMCOR Group, Inc.

EME· NYSE· Electrical Work

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
7.0%
ROIC, 5 yr avg
–
Revenue, 5 yr CAGR
+14.1%
We record prices for the companies we cover; EME is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2025

Market cap
–
Enterprise value
–
Diluted shares
45.1M
Revenue
$17.0B
Free cash flow
$1.2B
Owner earnings
–

Valuation · FY2025

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2025

Gross
19.3%
Operating
10.1%
Net
7.5%
Free cash flow
7.0%
Owner earnings
–
Stock pay
–

Returns

ROIC, FY2025
–
ROIC, 5 yr avg
–
ROE, FY2025
34.6%
ROE, 5 yr avg
26.4%

Growth (CAGR)

Revenue, 3 yr
15.3%
Revenue, 5 yr
14.1%
Revenue, 9 yr
9.4%
Diluted EPS, 3 yr
51.5%
Diluted EPS, 5 yr
63.7%
Diluted EPS, 9 yr
28.4%
Free cash flow, 3 yr
38.4%
Free cash flow, 5 yr
9.4%
Free cash flow, 9 yr
20.5%

Financial health · FY2025

Cash and investments
$1.1B
Total debt
–
Net cash
–
Debt/Equity
–
Debt/FCF
–

Shareholder returns · FY2025

Dividend yield
–
Payout ratio
3.5%
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
-4.0%

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$17.0B

+9.4% a year over 9 years

FY2016: Revenue $7.6BFY2017: Revenue $7.7BFY2018: Revenue $8.1BFY2019: Revenue $9.2BFY2020: Revenue $8.8BFY2021: Revenue $9.9BFY2022: Revenue $11.1BFY2023: Revenue $12.6BFY2024: Revenue $14.6BFY2025: Revenue $17.0B
FY2016FY2025

Margins

Gross19.3%Operating10.1%Net7.5%

FY2025

FY2016: Gross 13.7%, Operating 4.1%, Net 2.4%FY2017: Gross 14.9%, Operating 4.3%, Net 3.0%FY2018: Gross 14.8%, Operating 5.0%, Net 3.5%FY2019: Gross 14.8%, Operating 5.0%, Net 3.5%FY2020: Gross 15.9%, Operating 2.9%, Net 1.5%FY2021: Gross 15.2%, Operating 5.4%, Net 3.9%FY2022: Gross 14.5%, Operating 5.1%, Net 3.7%FY2023: Gross 16.6%, Operating 7.0%, Net 5.0%FY2024: Gross 19.0%, Operating 9.2%, Net 6.9%FY2025: Gross 19.3%, Operating 10.1%, Net 7.5%
FY2016FY2025

Free cash flow and owner earnings

$1.2B

Free cash flow +20.5% a year

FY2016: Free cash flow $222.7MFY2017: Free cash flow $331.4MFY2018: Free cash flow $227.5MFY2019: Free cash flow $307.3MFY2020: Free cash flow $758.4MFY2021: Free cash flow $282.6MFY2022: Free cash flow $448.6MFY2023: Free cash flow $821.3MFY2024: Free cash flow $1.3BFY2025: Free cash flow $1.2B
FY2016FY2025

Diluted shares

45.1M

-26.2% over 9 years, net buybacks

FY2016: Diluted shares 61.2MFY2017: Diluted shares 59.6MFY2018: Diluted shares 58.4MFY2019: Diluted shares 56.5MFY2020: Diluted shares 55.4MFY2021: Diluted shares 54.3MFY2022: Diluted shares 50.1MFY2023: Diluted shares 47.6MFY2024: Diluted shares 46.8MFY2025: Diluted shares 45.1M
FY2016FY2025

Every figure, year by year

Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
The business
Revenue$7.6B$7.7B$8.1B$9.2B$8.8B$9.9B$11.1B$12.6B$14.6B$17.0B
Revenue growth12.4%1.8%5.8%12.8%-4.1%12.6%11.8%13.6%15.8%16.6%
Gross margin13.7%14.9%14.8%14.8%15.9%15.2%14.5%16.6%19.0%19.3%
Operating margin4.1%4.3%5.0%5.0%2.9%5.4%5.1%7.0%9.2%10.1%
Net income$181.9M$227.2M$283.5M$325.1M$132.9M$383.5M$406.1M$633.0M$1.0B$1.3B
Net margin2.4%3.0%3.5%3.5%1.5%3.9%3.7%5.0%6.9%7.5%
Diluted EPS$2.97$3.82$4.85$5.75$2.40$7.06$8.10$13.31$21.52$28.19
Return on invested capital?––––––––––
Cash
Operating cash flow$262.4M$366.0M$271.0M$355.7M$806.4M$318.8M$497.9M$899.7M$1.4B$1.3B
Capital expenditure$39.6M$34.7M$43.5M$48.4M$48.0M$36.2M$49.3M$78.4M$75.0M$112.8M
Free cash flow$222.7M$331.4M$227.5M$307.3M$758.4M$282.6M$448.6M$821.3M$1.3B$1.2B
Stock-based compensation––––––––––
Owner earnings?––––––––––
Free cash flow per share$3.64$5.56$3.89$5.44$13.68$5.20$8.95$17.27$28.48$26.34
Capital allocation
Dividends paid$19.5M$19.0M$18.6M$17.9M$17.7M$28.2M$27.2M$32.7M$43.4M$45.0M
Share repurchases$94.2M$93.2M$216.2M$0$112.6M$195.5M$660.6M$127.7M$489.8M$586.3M
Diluted shares61.2M59.6M58.4M56.5M55.4M54.3M50.1M47.6M46.8M45.1M
Share count change?-3.3%-2.6%-2.0%-3.3%-1.9%-1.9%-7.7%-5.1%-1.6%-3.6%
Balance sheet
Cash and equivalents$464.6M$467.4M$363.9M$358.8M$902.9M$821.3M$456.4M$789.8M$1.3B$1.1B
Short-term investments––––––––––
Total debt––––––––––
Net debt––––––––––
Shareholders' equity$1.5B$1.7B$1.7B$2.1B$2.1B$2.3B$2.0B$2.5B$2.9B$3.7B

Latest filings

All on EDGAR
2026-10-298-KEarnings release
2026-10-2910-QQuarterly report
2026-07-308-KEarnings release
2026-07-3010-QQuarterly report
2026-04-298-KEarnings release
2026-04-2910-QQuarterly report
2026-04-21DEF 14AProxy statement
2026-02-268-KEarnings release
2026-02-2610-KAnnual report
2025-10-308-KEarnings release

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