EME Financials EMCOR Group

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:31 UTC Overview →

Growth & profitability

Revenue has grown 14.1% per year over the past 5 years.
Net income has grown faster than revenue (57.1% vs 14.1% per year).
Operating margin has expanded, at 10.1% in the latest year.
Free cash flow has grown 9.4% per year over the past 5 years.

Financial health

Operating income covered interest expense 143× in the latest year, up from 29× 5 years ago.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 3.5% of earnings and 3.8% of free cash flow.
The dividend has grown 20.6% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$17.0B	$1.3B	19.3%	10.1%	34.6%	13.7%	$1.2B	—	$1.1B
2024	$14.6B	$1.0B	19.0%	9.2%	34.3%	13.1%	$1.3B	—	$1.3B
2023	$12.6B	$633M	16.6%	7.0%	25.6%	9.6%	$821M	—	$790M
2022	$11.1B	$406M	14.5%	5.1%	20.6%	7.4%	$449M	—	$456M
2021	$9.9B	$384M	15.2%	5.4%	17.0%	7.0%	$283M	—	$821M
2020	$8.8B	$133M	15.9%	2.9%	6.5%	2.6%	$758M	—	$903M
2019	$9.2B	$325M	14.8%	5.0%	15.8%	6.7%	$307M	—	$359M
2018	$8.1B	$284M	14.8%	5.0%	16.3%	6.9%	$228M	—	$364M
2017	$7.7B	$227M	14.9%	4.3%	13.6%	5.7%	$331M	—	$467M
2016	$7.6B	$182M	13.7%	4.1%	11.8%	4.7%	$223M	—	$465M
2015	$6.7B	$172M	14.1%	4.3%	11.7%	4.9%	$231M	—	$487M
2014	$6.4B	$169M	14.1%	4.5%	11.9%	5.0%	$209M	—	$432M
2013	$6.3B	$124M	13.0%	3.8%	8.4%	3.6%	$115M	—	$440M
2012	$6.2B	$147M	13.0%	4.2%	10.9%	4.7%	$147M	$0	$605M
2011	$5.6B	$131M	13.1%	3.8%	10.6%	4.3%	$120M	—	$511M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$5.5B	$400M	20.0%	9.8%	9.4%	3.6%	$760M	—	$775M
Jun '26	$5.2B	$404M	19.8%	10.6%	9.9%	4.0%	$258M	—	$924M
Mar '26	$4.6B	$305M	18.7%	8.7%	7.9%	3.2%	-$28M	—	$916M
Dec '25	$4.5B	$435M	19.7%	12.7%	11.8%	4.7%	$492M	—	$1.1B
Sep '25	$4.3B	$295M	19.4%	9.4%	8.9%	3.4%	$449M	—	$655M
Jun '25	$4.3B	$302M	19.4%	9.6%	9.9%	3.6%	$166M	—	$486M
Mar '25	$3.9B	$241M	18.7%	8.2%	8.2%	3.0%	$82M	—	$577M
Dec '24	$3.8B	$292M	20.1%	10.3%	9.9%	3.8%	$452M	—	$1.3B
Sep '24	$3.7B	$270M	19.9%	9.8%	9.8%	3.7%	$509M	—	$1.0B
Jun '24	$3.7B	$248M	18.7%	9.1%	9.0%	3.5%	$260M	—	$807M
Mar '24	$3.4B	$197M	17.2%	7.6%	7.5%	2.9%	$112M	—	$841M
Dec '23	$3.4B	$212M	18.0%	8.4%	8.6%	3.2%	$402M	—	$790M
Sep '23	$3.2B	$169M	17.0%	7.3%	7.4%	2.7%	$241M	—	$524M
Jun '23	$3.0B	$141M	16.1%	6.5%	6.6%	2.4%	$286M	—	$503M
Mar '23	$2.9B	$111M	15.1%	5.4%	5.4%	2.0%	-$108M	—	$420M
Dec '22	$2.9B	$126M	15.4%	6.0%	6.4%	2.3%	$249M	—	$456M
Sep '22	$2.8B	$106M	14.6%	5.3%	5.7%	1.9%	$246M	—	$404M
Jun '22	$2.7B	$101M	14.1%	5.1%	5.2%	2.0%	$61M	—	$262M
Mar '22	$2.6B	$73M	13.6%	3.9%	3.4%	1.4%	-$107M	—	$515M
Dec '21	$2.6B	$102M	15.3%	5.4%	4.5%	1.9%	$195M	—	$821M

Valuation over time

How the market has priced EME 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.

The price-to-earnings ratio has risen from 17.5× (Mar '23) to 24.3× (Nov '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 1.8× (Nov '26).
The dividend yield has fallen from 0.4% (Mar '23) to 0.1% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is EME growing its revenue and profit?

Over the past 5 years, EMCOR Group's revenue has grown 14.1% per year, and net income grown 57.1% per year. These are computed facts, not advice.

How much debt does EME have?

As of FY2025, EMCOR Group reported — of total debt against $1.1B of cash; operating income covered interest expense 143×.

What is EME's profit margin?

In FY2025, gross margin was 19.3%, operating margin 10.1%, and net margin 7.5%.

What is EME's P/E ratio?

EMCOR Group's P/E (TTM) is 20.06 as of the 2026-11-03 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 EME stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 24.3× 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.