EMCOR Group, Inc. (EME)

EMCOR Group, Inc. provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, startup, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and piping systems; control and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging; millwright; and steel fabrication, erection, and welding services. The company also provides site-based operations and maintenance; facility management and maintenance; energy retrofit; military base operations support; indoor air quality; floor care and janitorial; landscaping, lot sweeping, and snow removal; vendor management and call center; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic; infrastructure and building projects; modification and retrofit projects; and reception, security, and catering services. In addition, it offers refinery turnaround planning and engineering; welding; overhaul and maintenance; technical; instrumentation, controls, and electrical; electrical panel design, fabrication, and installation; on-site repair and maintenance; and renewable energy services, as well as design, manufacturing, repair, and hydro blast cleaning services. The company was incorporated in 1987 and is headquartered in Norwalk, Connecticut.

Ticker
EME
Exchange
NYSE
Sector
Industrials
Industry
Engineering & Construction
Market cap
$26.77B
52-week range
$564.92 - $951.96

Valuation

Share price
$608.45 (close of Nov 6, 2026)
P/E (TTM)
17.53x
Price to book
6.26x
Price to free cash flow
18.06x
Enterprise value
$26.55B
Book value per share
$97.22

Price performance

PeriodChange
1 day+2.21%
5 days-10.46%
1 month-26.21%
3 months-24.74%
6 months-35.53%
Year to date-0.55%
1 year-6.93%
3 years+188.65%
5 years+360.08%
10 years+915.27%
All time+45,180.00%

Short interest

As of
Oct 15, 2026
Short % of float
1.74%
Shares short
755.35K
Days to cover
2.13
Change since prior report
-1.12%
Source
FINRA consolidated short interest

Members of Congress who disclosed EME trades

April McClain Delaney · Lisa McClain · Alan Armstrong · Robert Bresnahan

Super investors holding EME

Polen Capital Mgmt (Polen Capital Management LLC) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · George Soros (Soros Fund Mgmt)

Profitability and growth

Return on equity
34.63%
Return on invested capital
30.52%
Return on assets
13.70%
Return on capital employed
38.71%
Gross margin
19.33%
Net margin
7.49%
EBITDA margin
11.18%
Revenue growth
16.62%
Net income growth
26.38%
Free cash flow growth
-10.78%

Cash flow and balance sheet

Free cash flow yield (TTM)
5.54%
Current ratio
1.17x
Net debt to EBITDA
-0.09x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$16.99B
Cost of revenue
$13.70B
Gross profit
$3.28B
EBITDA
$1.90B
Net income
$1.27B
Earnings per share
$28.30
Interest expense
$12.02M
Shares outstanding
44.98M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$16.99B$3.28B$1.27B$28.30
2024-12-31$14.57B$2.77B$1.01B$21.61
2023-12-31$12.58B$2.09B$632.99M$13.37
2022-12-31$11.08B$1.60B$406.12M$8.13
2021-12-31$9.90B$1.50B$383.53M$7.09
2020-12-31$8.80B$1.40B$132.94M$2.41
2019-12-31$9.17B$1.36B$325.14M$5.78
2018-12-31$8.13B$1.21B$283.53M$4.88
2017-12-31$7.69B$1.15B$227.20M$3.84
2016-12-31$7.55B$1.04B$181.94M$3.00

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3119.33%7.49%34.63%30.52%
2024-12-3118.98%6.91%34.27%29.70%
2023-12-3116.60%5.03%25.62%22.64%
2022-12-3114.48%3.67%20.57%16.43%
2021-12-3115.16%3.87%17.02%13.79%
2020-12-3115.86%1.51%6.47%5.31%
2019-12-3114.78%3.54%15.80%12.84%
2018-12-3114.83%3.49%16.28%14.43%
2017-12-3114.92%2.96%13.57%12.00%
2016-12-3113.74%2.41%11.83%10.06%

Cash and debt by year

Period endCashDebt
2025-12-31$1.11B-
2024-12-31$1.34B-
2023-12-31$789.75M$2.84M
2022-12-31$456.44M$231.63M
2021-12-31$821.35M$245.45M
2020-12-31$902.87M$259.62M
2019-12-31$358.82M$294.14M
2018-12-31$363.91M$279.76M
2017-12-31$467.43M$294.79M
2016-12-31$464.62M$408.30M

Free cash flow by year

Period endFree cash flow
2025-12-31$1.19B
2024-12-31$1.33B
2023-12-31$821.25M
2022-12-31$448.64M
2021-12-31$282.63M
2020-12-31$758.40M
2019-12-31$307.27M
2018-12-31$227.53M
2017-12-31$331.37M
2016-12-31$222.72M

Dividend history

Most recent payment
Oct 15, 2026
Paid in the last twelve months
$1.60
Payment dateDividend per share
2026-10-15$0.40
2026-07-15$0.40
2026-04-16$0.40
2026-01-14$0.40
2025-10-15$0.25
2025-07-15$0.25
2025-04-17$0.25
2025-01-16$0.25

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-10-29Sep 2026$8.33
2026-07-30Jun 2026$7.23
2026-04-29Mar 2026$5.85
2026-02-26Dec 2025$6.68
2025-10-30Sep 2025$6.65
2025-07-31Jun 2025$5.68
2025-04-30Mar 2025$4.57
2025-02-26Dec 2024$5.54

Filings and sources

Company website
emcorgroup.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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