EMCOR Group, Inc.

Industrials Construction & Engineering Last filing Feb 26, 2026 · FY2025

                    Revenue
                    FY2025
                
$17.0B
                    3y CAGR +15.3%
                    
                    P94
                    
                    +16.6%
                    
                    Net income
                    FY2025
                
$1.3B
                    Net margin +7.5%
                    
                    P21
                    
                    +26.4%
                    
                    Total assets
                    FY2025
                
$9.3B
                    ROA +13.7%
                    
                    P81
                    
                    +20.4%
                    
                    Operating cash flow
                    FY2025
                
$1.3B
                    FCF margin +7.0%
                    
                    P21
                    
                    -7.5%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $9.3B

Total liabilities $5.6B

Shareholders equity $3.7B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	12.0%	17.4%	11.9%
Accounts Receivable	45.6%	46.4%	48.5%
Prepaid Expenses	1.3%	1.2%	1.1%
Other Current Assets	5.0%	4.9%	5.8%
Total Current Assets	63.9%	69.8%	67.3%
Property,Plant and Equipment	2.7%	2.7%	2.7%
Operating Lease Assets	4.7%	4.1%	4.7%
Goodwill	15.2%	13.2%	14.5%
Intangible Assets	11.9%	8.4%	8.9%
Other Noncurrent Assets	1.5%	1.8%	2.0%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	13.2%	12.1%	14.2%
Accrued Liabilities	13.0%	14.1%	13.8%
Deferred Revenue	25.0%	26.5%	24.1%
Operating Lease Liabilities	1.1%	1.1%	1.1%
Total Current Liabilities	52.4%	53.8%	53.2%
Operating Lease Liabilities Noncurrent	4.0%	3.4%	3.9%
Other Noncurrent Liabilities	4.1%	4.7%	5.5%
Total Liabilities	60.4%	61.9%	62.6%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	1.1%	1.3%	1.4%
Retained Earnings	64.6%	61.9%	57.7%
Treasury Stock	26.2%	24.0%	20.4%
Accumulated Other Comprehensive Income	-0.0%	-1.1%	-1.3%
Total Stockholders Equity	39.5%	38.1%	37.4%
Noncontrolling Interest	0.0%	0.0%	0.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

16 accounts · 3 years

Revenue $17.0B

Operating income $1.7B

Net income $1.3B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	182.8%	188.8%	190.4%
Expenses Cost of Revenue	147.5%	152.9%	158.8%
Other Income Expense Gross Profit	35.3%	35.8%	31.6%
Expenses Selling,General and Administrative	18.5%	18.4%	18.3%
Expenses Other Operating Expenses	-1.6%	0.0%	0.0%
Other Income Expense Operating Income	18.4%	17.4%	13.2%
Other Income Expense Interest Income	0.2%	0.5%	0.2%
Other Income Expense Interest Expense	0.1%	0.0%	0.3%
Other Income Expense Other Income/expense	0.0%	0.0%	-0.0%
Other Income Expense Income Before Tax	18.5%	17.8%	13.2%
Income Tax Income Tax Expense	4.8%	4.8%	3.6%
net Income Other Items Below Tax	0.0%	0.0%	-0.0%
net Income net Income	13.7%	13.1%	9.6%
net Income Comprehensive Income	14.6%	13.1%	9.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 3 years

Operating cash flow $1.3B

Investing cash flow $-873.6M

Financing cash flow $-663.8M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	13.7%	13.1%	9.6%
Operating Activities Depreciation and Amortization	2.0%	1.7%	1.8%
Operating Activities Stock Based Compensation	0.2%	0.3%	0.2%
Operating Activities Deferred Income Taxes	-0.2%	-0.4%	-0.3%
Operating Activities Changes In Operating Assets and Liabilities	-0.1%	3.5%	2.3%
Operating Activities Other Non Cash Items	-1.6%	0.1%	0.0%
Operating Activities net Cash From Operating Activities	14.0%	18.2%	13.6%
Investing Activities Capital Expenditures	-1.2%	-1.0%	-1.2%
Investing Activities Business Acquisitions	-11.0%	-3.0%	-1.5%
Investing Activities Other Investing Activities	2.8%	0.0%	0.2%
Investing Activities net Cash From Investing Activities	-9.4%	-3.9%	-2.4%
Financing Activities Proceeds From Debt	5.7%	0.0%	3.0%
Financing Activities Repayment of Debt	-5.7%	-0.0%	-6.8%
Financing Activities Repurchase of Common Stock	-6.3%	-6.3%	-1.9%
Financing Activities Dividends Paid	-0.5%	-0.6%	-0.5%
Financing Activities Proceeds From Stock Issuance	0.0%	0.0%	0.1%
Financing Activities Tax Withholding On Stock Based Compensation	-0.2%	-0.2%	-0.1%
Financing Activities Other Financing Activities	-0.1%	-0.1%	-0.1%
Financing Activities net Cash From Financing Activities	-7.1%	-7.2%	-6.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.0%	0.1%
Cash Reconciliation net Change In Cash	-2.5%	7.1%	5.0%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+19.3%	+19.0%	+16.6%
Operating margin	+10.1%	+9.2%	+7.0%
Net margin	+7.5%	+6.9%	+5.0%
FCF margin	+7.0%	+9.2%	+6.5%
Growth
Revenue CAGR (3y)	+15.3%	+13.7%	+12.7%
Returns
ROE	+34.6%	+34.3%	+25.6%
ROA	+13.7%	+13.1%	+9.6%
ROIC	—	—	—
Liquidity
Current ratio	1.22x	1.30x	1.26x
Quick ratio	1.10x	1.18x	1.13x
Leverage
D/E	1.53x	1.63x	1.68x
Interest coverage	142.55x	355.88x	50.92x
Efficiency
Asset turnover	1.83x	1.89x	1.90x
Cash conversion cycle	—	—	—

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FY2025 fundamentals · no price

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EMCOR Group, Inc.

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