EMCOR Group, Inc. (EME) Stock Analysis
Industrials · Engineering & Construction · NYSE
EMCOR Group, Inc. (EME) posted $16.99B in revenue for fiscal 2025 (up 16.6% year over year), at a 7.5% net margin, and has compounded revenue about 14.1%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on EMCOR Group, Inc.
EMCOR Group, Inc. has grown revenue from $7.55B to $16.99B over the last 10 fiscal years, compounding about 14.1% a year. The most recent year was up 16.6%, so growth is actually accelerating.
Net margin sits at 7.5%, up 0.6 points year over year on a 19.3% gross margin.
At today's valuation the market is pricing in roughly 13% annual free-cash-flow growth — versus the 9.4% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from EMCOR Group, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
EMCOR Group, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.55B | $7.69B | $8.13B | $9.17B | $8.80B | $9.90B | $11.08B | $12.58B | $14.57B | $16.99B |
| Gross profit | $1.04B | $1.15B | $1.21B | $1.36B | $1.40B | $1.50B | $1.60B | $2.09B | $2.77B | $3.28B |
| Net income | $181.94M | $227.20M | $283.53M | $325.14M | $132.94M | $383.53M | $406.12M | $632.99M | $1.01B | $1.27B |
| Net margin | 2.4% | 3.0% | 3.5% | 3.5% | 1.5% | 3.9% | 3.7% | 5.0% | 6.9% | 7.5% |
Source: EMCOR Group, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
EMCOR Group, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into EME stock?
At today's market cap of $35.17B, EMCOR Group, Inc. is priced for free-cash-flow growth of about 13% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.19B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 9.4%/yr over the last five fiscal years and revenue 14.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of EMCOR Group, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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EMCOR Group, Inc. financial history by metric
Compare EMCOR Group, Inc. with peers
About EMCOR Group, Inc.
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.
EMCOR Group, Inc. — frequently asked questions
What is EMCOR Group, Inc.'s revenue?
EMCOR Group, Inc. (EME) reported revenue of $16.99B for fiscal year 2025, up 16.6% from the prior year, according to its SEC filings.
Is EMCOR Group, Inc. profitable?
Yes. EME earned net income of $1.27B in fiscal 2025, a net margin of 7.5%.
What is EME's P/E ratio?
EMCOR Group, Inc. trades at a price-to-earnings ratio of about 24.8 based on the latest data in our nightly-refreshed cache.
How fast is EMCOR Group, Inc. growing?
EME's revenue grew at roughly 14.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does EMCOR Group, Inc. have?
As of fiscal year 2025, EME carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is EMCOR Group, Inc.'s gross margin?
EME's gross margin was 19.3% in fiscal 2025 — gross profit of $3.28B on revenue of $16.99B.
What is EMCOR Group, Inc.'s market cap?
EMCOR Group, Inc. (EME) has a market capitalization of about $35.17B, based on the latest data in our nightly-refreshed cache.
When does EMCOR Group, Inc.'s fiscal year end?
EME's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into EME stock?
At today's market cap of $35.17B, EMCOR Group, Inc. is priced for free-cash-flow growth of about 13% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.19B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 9.4%/yr over the last five fiscal years and revenue 14.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from EMCOR Group, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.