EME Financials Emcor

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 29 h ago 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

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	FCF	Total debt	Cash
2025	$17.0B	$1.3B	19.3%	10.1%	$1.2B	—	$1.1B
2024	$14.6B	$1.0B	19.0%	9.2%	$1.3B	—	$1.3B
2023	$12.6B	$633M	16.6%	7.0%	$821M	—	$790M
2022	$11.1B	$406M	14.5%	5.1%	$449M	—	$456M
2021	$9.9B	$384M	15.2%	5.4%	$283M	—	$821M
2020	$8.8B	$133M	15.9%	2.9%	$758M	—	$903M
2019	$9.2B	$325M	14.8%	5.0%	$307M	—	$359M
2018	$8.1B	$284M	14.8%	5.0%	$228M	—	$364M
2017	$7.7B	$227M	14.9%	4.3%	$331M	—	$467M
2016	$7.6B	$182M	13.7%	4.1%	$223M	—	$465M
2015	$6.7B	$172M	14.1%	4.3%	$231M	—	$487M
2014	$6.4B	$169M	14.1%	4.5%	$209M	—	$432M
2013	$6.3B	$124M	13.0%	3.8%	$115M	—	$440M
2012	$6.2B	$147M	13.0%	4.2%	$147M	$0	$605M
2011	$5.6B	$131M	13.1%	3.8%	$120M	—	$511M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$4.6B	$305M	18.7%	8.7%	-$28M	—	$916M
Dec '25	$4.5B	$435M	19.7%	12.7%	$492M	—	$1.1B
Sep '25	$4.3B	$295M	19.4%	9.4%	$449M	—	$655M
Jun '25	$4.3B	$302M	19.4%	9.6%	$166M	—	$486M
Mar '25	$3.9B	$241M	18.7%	8.2%	$82M	—	$577M
Dec '24	$3.8B	$292M	20.1%	10.3%	$452M	—	$1.3B
Sep '24	$3.7B	$270M	19.9%	9.8%	$509M	—	$1.0B
Jun '24	$3.7B	$248M	18.7%	9.1%	$260M	—	$807M
Mar '24	$3.4B	$197M	17.2%	7.6%	$112M	—	$841M
Dec '23	$3.4B	$212M	18.0%	8.4%	$402M	—	$790M
Sep '23	$3.2B	$169M	17.0%	7.3%	$241M	—	$524M
Jun '23	$3.0B	$141M	16.1%	6.5%	$286M	—	$503M
Mar '23	$2.9B	$111M	15.1%	5.4%	-$108M	—	$420M
Dec '22	$2.9B	$126M	15.4%	6.0%	$249M	—	$456M
Sep '22	$2.8B	$106M	14.6%	5.3%	$246M	—	$404M
Jun '22	$2.7B	$101M	14.1%	5.1%	$61M	—	$262M
Mar '22	$2.6B	$73M	13.6%	3.9%	-$107M	—	$515M
Dec '21	$2.6B	$102M	15.3%	5.4%	$195M	—	$821M
Sep '21	$2.5B	$100M	15.1%	5.4%	$112M	—	$664M
Jun '21	$2.4B	$97M	15.4%	5.5%	$73M	—	$669M

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 17.8× (Mar '23) to 30.1× (Jun '26).
The price-to-sales ratio has risen from 0.7× (Mar '23) to 2.3× (Jun '26).
The dividend yield has fallen from 0.4% (Mar '23) to 0.1% (Jun '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'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 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?

As of Jun '26, Emcor traded at a price-to-earnings ratio of about 30.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.