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AMRC Financials Ameresco, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2024, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 15.3% per year over the past 5 years.
  • Net income has grown slower than revenue (5.0% vs 15.3% per year).
  • Operating margin has been roughly flat, at 6.1% in the latest year.

Financial health

  • Total debt has grown faster than revenue (27.4% vs 15.3% per year).
Revenue & net income
$0 $912M $2B 2010 2012 2014 2016 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
0% 11% 22% 2010 2012 2014 2016 2018 2020 2022 2024
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 6% 12% 2010 2012 2014 2016 2018 2020 2022 2024
ROEROA
Free cash flow (CFO − capex)
-$344M -$115M $113M $0 2010 2012 2014 2016 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $172M $343M 2010 2012 2014 2016 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$567M $82M $730M $0 2010 2012 2014 2016 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2024 $1.8B $57M 14.5% 6.1% 5.6% 1.4% $113M — $109M
2023 $1.4B $62M 17.9% 6.0% 6.9% 1.7% -$76M — $79M
2022 $1.8B $95M 15.9% 7.3% 11.5% 3.3% -$344M — $116M
2021 $1.2B $70M 18.9% 7.9% 10.0% 3.2% -$177M — $50M
2020 $1.0B $54M 18.2% 6.9% 11.0% 3.1% -$105M — $66M
2019 $867M $44M 19.4% 6.0% 10.4% 3.2% -$203M $343M $33M
2018 $787M $38M 22.1% 7.5% 10.1% 3.3% -$57M $254M $61M
2017 $717M $37M 20.1% 5.1% — 3.8% -$138M $202M $24M
2016 $651M $12M 20.6% 3.7% — 1.5% -$55M $165M $21M
2015 — $844000 — — 0.3% 0.1% -$51M $119M $22M
2014 — $10M — — 3.6% 1.7% -$437000 $102M $24M
2013 — $2M — — — 0.4% -$63M $116M $17M
2012 — $18M — — — 2.7% $37M $122M $63M
2011 — $33M — — — 5.2% -$112M $208M $26M
2010 — $28M — — — 4.7% $18M $207M $45M

Valuation over time

How the market has priced AMRC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 18.5 37.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.8 1.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is AMRC growing its revenue and profit?

Over the past 5 years, Ameresco, Inc.'s revenue has grown 15.3% per year, and net income grown 5.0% per year. These are computed facts, not advice.

How much debt does AMRC have?

As of FY2024, Ameresco, Inc. reported — of total debt against $109M of cash.

What is AMRC's profit margin?

In FY2024, gross margin was 14.5%, operating margin 6.1%, and net margin 3.2%.

What is AMRC's P/E ratio?

Ameresco, Inc.'s P/E (TTM) is 19.60 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AMRC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 19.6× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.