Business Description
EMCOR Group, Inc. specializes in delivering comprehensive electrical and mechanical construction services, alongside integrated facilities management solutions, primarily serving clients across the United States and the United Kingdom. The company's construction expertise spans the entire project lifecycle, encompassing initial design and integration through installation, commissioning, operation, and ongoing maintenance. This includes vital electrical infrastructure such as power transmission, distribution, and generation systems, advanced energy efficiency solutions, and premise-specific electrical and lighting systems. They also implement sophisticated process instrumentation for critical industries like refining, chemical processing, and food production, in addition to low-voltage networks covering fire alarms, security, process controls, and voice/data communications. Furthermore, EMCOR handles public infrastructure projects involving roadway and transit lighting, signaling, and fiber optic lines. On the mechanical front, EMCOR offers advanced HVAC, refrigeration, and geothermal climate control systems, specialized clean-room process ventilation, and essential fire protection and suppression systems. Their capabilities extend to plumbing, process, and high-purity piping, various controls and filtration systems, water and wastewater treatment, and central plant heating and cooling. The firm also undertakes heavy industrial tasks such as crane and rigging, millwright services, and steel fabrication, erection, and welding. Beyond construction, EMCOR provides extensive integrated facilities management and operational support. This encompasses day-to-day operations and maintenance for commercial and government sites, critical outage services for utilities and industrial plants, military base support, and mobile mechanical maintenance. Supplementary services include indoor air quality management, janitorial and landscaping duties, vendor coordination, call center operations, building systems installation and support, program management for energy systems, technical consulting, and the execution of infrastructure, building, and retrofit projects. The company also delivers specialized industrial services tailored for the oil, gas, and petrochemical sectors. EMCOR Group, Inc. was established in 1987 and maintains its headquarters in Norwalk, Connecticut.
Business History
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 28.19
Total Equity: $3.67B
Shares: 45,051,000
Total Debt: $470.61M
Cash: $1.11B
EBITDA: $1.99B
Total Debt: $470.61M
Cash: $1.11B
Revenue: $16.99B
Revenue: $16.99B
Revenue: $16.99B
Total Equity: $3.67B
Tax Rate: 30.1%
Equity: $3.67B
Total Debt: $470.61M
Cash: $1.11B
Current Liabilities: $4.86B
Long-Term Debt: $369.00M
Total Debt: $470.61M
Total Equity: $3.67B
Shares: 45,051,000
Shares: 45,051,000
CapEx: -$112.75M
Shares: 45,051,000
Stock Price: $822.08
Net Income: $1.27B
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $9.9B | $11.1B | $12.6B | $14.6B | $17.0B |
| Cost of Revenue | $8.4B | $9.5B | $10.5B | $11.8B | $13.7B |
| Gross Profit | $1.5B | $1.6B | $2.1B | $2.8B | $3.3B |
| Operating Expenses | $970.9M | $1.0B | $1.2B | $1.4B | $1.7B |
| Operating Income | $530.8M | $564.9M | $875.8M | $1.3B | $1.7B |
| Net Income | $383.5M | $406.1M | $633.0M | $1.0B | $1.3B |
| EBITDA | $647.8M | $680.6M | $1.0B | $1.5B | $2.0B |
| EPS | $7.09 | $8.13 | $13.37 | $21.61 | $28.19 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $821.3M | $456.4M | $789.8M | $1.3B | $1.1B |
| Total Current Assets | $3.4B | $3.5B | $4.4B | $5.4B | $5.9B |
| Total Assets | $5.4B | $5.5B | $6.6B | $7.7B | $9.6B |
| Current Liabilities | $2.4B | $2.8B | $3.5B | $4.2B | $4.9B |
| Long-Term Debt | $240.7M | $227.8M | $2.8M | $0 | $369.0M |
| Total Liabilities | $3.2B | $3.6B | $4.1B | $4.8B | $5.9B |
| Total Equity | $2.3B | $2.0B | $2.5B | $2.9B | $3.7B |
| Retained Earnings | $2.8B | $3.2B | $3.8B | $4.8B | $6.0B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $318.8M | $497.9M | $899.7M | $1.4B | $1.3B |
| Capital Expenditure | -$36.2M | -$49.3M | -$78.4M | -$75.0M | -$112.8M |
| Free Cash Flow | $282.6M | $448.6M | $821.3M | $1.3B | $1.2B |
| Acquisitions (net) | -$119.8M | -$98.7M | -$96.5M | -$228.2M | -$1.0B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$195.5M | -$660.6M | -$127.7M | -$489.8M | -$586.3M |
| Net Change in Cash | -$81.0M | -$365.5M | $332.7M | $550.6M | -$228.4M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 12:21pm (20h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$20.5B $19.8B – $21.7B
|
$21.8B $21.7B – $21.9B
|
$23.7B $23.0B – $24.6B
|
$25.6B $24.7B – $26.5B
|
| EBITDA |
$1.8B $1.7B – $1.9B
|
$1.9B $1.9B – $1.9B
|
$2.0B $2.0B – $2.1B
|
$2.2B $2.1B – $2.3B
|
| Net Income |
$1.4B $1.4B – $1.6B
|
$1.7B $1.5B – $1.9B
|
$2.0B $1.9B – $2.0B
|
$2.2B $2.1B – $2.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +11.8% | +13.6% | +15.8% | +16.6% |
| Gross Profit Growth | +6.8% | +30.3% | +32.3% | +20.3% |
| Operating Income Growth | +6.4% | +55.0% | +53.6% | +24.3% |
| Net Income Growth | +5.9% | +55.9% | +59.1% | +26.1% |
| EBITDA Growth | +5.1% | +48.3% | +50.1% | +31.3% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:00pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-04-16 | $0.40 | 2026-04-02 | 2026-04-16 | 2026-04-30 |
| 2026-01-14 | $0.40 | 2026-01-02 | 2026-01-14 | 2026-01-30 |
| 2025-10-15 | $0.25 | 2025-10-03 | 2025-10-15 | 2025-10-30 |
| 2025-07-15 | $0.25 | 2025-07-03 | 2025-07-15 | 2025-07-31 |
| 2025-04-17 | $0.25 | 2025-04-07 | 2025-04-17 | 2025-04-30 |
| 2025-01-16 | $0.25 | 2025-01-03 | 2025-01-16 | 2025-01-31 |
| 2024-10-15 | $0.25 | 2024-10-03 | 2024-10-15 | 2024-10-30 |
| 2024-07-15 | $0.25 | 2024-07-03 | 2024-07-15 | 2024-07-30 |
| 2024-04-15 | $0.25 | 2024-04-04 | 2024-04-16 | 2024-04-30 |
| 2024-01-12 | $0.18 | 2024-01-04 | 2024-01-16 | 2024-01-31 |
| 2023-10-13 | $0.18 | 2023-10-05 | 2023-10-16 | 2023-10-30 |
| 2023-07-19 | $0.18 | 2023-07-07 | 2023-07-20 | 2023-07-31 |
| 2023-04-14 | $0.18 | 2023-04-06 | 2023-04-17 | 2023-04-28 |
| 2023-01-13 | $0.15 | 2023-01-06 | 2023-01-17 | 2023-01-31 |
| 2022-10-17 | $0.15 | 2022-07-28 | 2022-10-18 | 2022-10-31 |
| 2022-07-15 | $0.13 | 2022-07-08 | 2022-07-18 | 2022-07-29 |
| 2022-04-14 | $0.13 | 2022-04-04 | 2022-04-18 | 2022-04-29 |
| 2022-01-14 | $0.13 | 2022-01-07 | 2022-01-18 | 2022-01-31 |
| 2021-10-14 | $0.13 | 2021-10-04 | 2021-10-15 | 2021-10-29 |
| 2021-07-16 | $0.13 | 2021-07-06 | 2021-07-19 | 2021-07-30 |
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