EMCOR Group (EME) Financials

$468.91 -0.23 (-0.05%)

Closing price 03:59 PM Eastern

Extended Trading

$469.52 +0.61 (+0.13%)

As of 07:25 PM Eastern

Annual Income Statements for EMCOR Group

This table shows EMCOR Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,007	633	406	384	133	325	284	227	182	172
Consolidated Net Income / (Loss)	1,007	633	406	384	133	325	284	227	182	173
Net Income / (Loss) Continuing Operations	1,007	633	406	384	133	325	286	228	185	173
Total Pre-Tax Income	1,377	873	559	529	252	451	395	319	296	279
Total Operating Income	1,345	876	565	531	257	461	403	329	307	287
Total Gross Profit	2,765	2,089	1,604	1,502	1,395	1,356	1,205	1,147	1,038	944
Total Revenue	14,566	12,583	11,076	9,904	8,797	9,175	8,131	7,687	7,552	6,719
Operating Revenue	14,566	12,583	11,076	9,904	8,797	9,175	8,131	7,687	7,552	6,719
Total Cost of Revenue	11,801	10,494	9,473	8,402	7,402	7,819	6,925	6,540	6,514	5,774
Operating Cost of Revenue	11,801	10,494	9,473	8,402	7,402	7,819	6,925	6,540	6,514	5,774
Total Operating Expenses	1,420	1,214	1,039	971	1,139	895	802	818	731	657
Selling, General & Admin Expense	1,420	1,211	1,039	971	904	893	799	759	727	657
Impairment Charge	0.00	2.35	0.00	0.00	233	0.00	0.91	58	2.43	0.00
Total Other Income / (Expense), net	33	-2.90	-6.13	-1.50	-4.51	-10	-8.06	-10	-10	-8.26
Interest Expense	3.78	17	13	6.07	9.01	14	14	13	13	8.93
Interest & Investment Income	35	15	2.76	0.95	1.52	2.27	2.75	0.97	0.66	0.67
Other Income / (Expense), net	0.89	-1.12	4.31	3.63	2.98	1.55	2.74	1.65	1.53	-
Income Tax Expense	370	240	153	146	119	126	109	91	111	106
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.34	0.00	0.17	0.00	0.00	0.05	-0.00	0.22	0.22
Basic Earnings per Share	$21.61	$13.37	$8.13	$7.09	$2.41	$5.78	$4.88	$3.84	$3.00	$2.74
Weighted Average Basic Shares Outstanding	45.47M	47.06M	47.69M	52.67M	109.59M	56.26M	58.11M	59.25M	60.77M	62.79M
Diluted Earnings per Share	$21.52	$13.31	$8.10	$7.06	$2.40	$5.75	$4.85	$3.82	$2.97	$2.72
Weighted Average Diluted Shares Outstanding	45.47M	47.06M	47.69M	52.67M	109.59M	56.26M	58.11M	59.25M	60.77M	62.79M
Weighted Average Basic & Diluted Shares Outstanding	45.47M	47.06M	47.69M	52.67M	109.59M	56.26M	58.11M	59.25M	60.77M	62.79M
Cash Dividends to Common per Share	$0.93	$0.69	$0.54	$0.52	$0.32	$0.32	$0.32	$0.32	$0.32	$0.32

This table shows EMCOR Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	241	292	270	248	197	212	169	141	111	126	106
Consolidated Net Income / (Loss)	241	292	270	248	197	212	170	141	111	126	106
Net Income / (Loss) Continuing Operations	241	292	270	248	197	212	170	141	111	126	106
Total Pre-Tax Income	324	398	372	339	268	292	235	194	153	174	148
Total Operating Income	319	389	364	333	260	289	235	197	155	177	150
Total Gross Profit	723	757	735	684	589	618	545	490	436	455	413
Total Revenue	3,867	3,770	3,697	3,667	3,432	3,439	3,208	3,046	2,890	2,950	2,826
Operating Revenue	3,867	3,770	3,697	3,667	3,432	3,439	3,208	3,046	2,890	2,950	2,826
Total Cost of Revenue	3,145	3,013	2,962	2,983	2,843	2,821	2,662	2,556	2,454	2,495	2,413
Operating Cost of Revenue	3,145	3,013	2,962	2,983	2,843	2,821	2,662	2,556	2,454	2,495	2,413
Total Operating Expenses	404	368	371	351	329	329	310	293	281	278	263
Selling, General & Admin Expense	404	368	371	351	329	329	308	293	281	278	263
Total Other Income / (Expense), net	5.44	9.89	8.54	6.33	7.76	2.55	-0.37	-2.97	-2.11	-3.18	-2.17
Interest Expense	-5.39	26	-8.31	-6.11	-7.54	13	0.09	2.69	1.83	6.97	3.19
Interest & Investment Income	0.05	-	-	0.22	0.22	-	-	-	-0.27	-	1.03
Income Tax Expense	84	106	102	92	71	80	65	53	41	48	42
Basic Earnings per Share	$5.27	$6.33	$5.83	$5.27	$4.18	$4.48	$3.59	$2.97	$2.33	$2.59	$2.16
Weighted Average Basic Shares Outstanding	44.76M	45.47M	46.00M	46.66M	47.00M	47.06M	47.04M	47.14M	47.55M	47.69M	47.66M
Diluted Earnings per Share	$5.26	$6.30	$5.80	$5.25	$4.17	$4.47	$3.57	$2.95	$2.32	$2.56	$2.16
Weighted Average Diluted Shares Outstanding	44.76M	45.47M	46.00M	46.66M	47.00M	47.06M	47.04M	47.14M	47.55M	47.69M	47.66M
Weighted Average Basic & Diluted Shares Outstanding	44.76M	45.47M	46.00M	46.66M	47.00M	47.06M	47.04M	47.14M	47.55M	47.69M	47.66M
Cash Dividends to Common per Share	$0.25	$0.25	$0.25	$0.25	$0.18	$0.18	$0.18	$0.18	$0.15	$0.15	$0.13

This table details how cash moves in and out of EMCOR Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	551	333	-366	-81	544	-6.29	-103	2.73	-24	55
Net Cash From Operating Activities	1,408	900	498	319	806	356	271	366	262	267
Net Cash From Continuing Operating Activities	1,408	900	498	318	806	356	271	366	262	267
Net Income / (Loss) Continuing Operations	1,007	633	406	384	133	325	284	227	182	173
Consolidated Net Income / (Loss)	1,007	633	406	384	133	325	284	227	182	173
Depreciation Expense	57	52	47	48	47	44	38	40	39	36
Amortization Expense	78	68	62	65	61	49	44	50	42	39
Non-Cash Adjustments To Reconcile Net Income	29	27	-34	-31	255	4.38	-16	89	6.48	-3.09
Changes in Operating Assets and Liabilities, net	237	119	16	-148	310	-67	-79	-40	-7.40	22
Net Cash From Investing Activities	-299	-161	-141	-153	-95	-345	-118	-138	-271	-60
Net Cash From Continuing Investing Activities	-299	-161	-141	-153	-95	-345	-118	-138	-271	-60
Purchase of Property, Plant & Equipment	-75	-78	-49	-36	-48	-48	-43	-35	-40	-35
Acquisitions	-228	-96	-99	-120	-50	-303	-76	-108	-233	-28
Sale of Property, Plant & Equipment	3.84	14	7.15	2.75	3.46	5.49	1.24	4.01	2.02	3.85
Net Cash From Financing Activities	-555	-412	-710	-245	-172	-19	-253	-228	-9.43	-149
Net Cash From Continuing Financing Activities	-555	-412	-710	-245	-172	-19	-253	-228	-9.43	-149
Repayment of Debt	-2.86	-449	-287	-18	-541	-45	-17	-117	-514	-20
Repurchase of Common Equity	-490	-128	-661	-196	-113	0.00	-216	-93	-94	-104
Payment of Dividends	-43	-33	-27	-28	-18	-18	-19	-19	-22	-30
Issuance of Debt	0.00	200	270	0.00	500	50	0.00	0.00	620	0.00
Issuance of Common Equity	0.94	9.19	8.18	7.33	6.56	6.09	5.77	4.79	4.81	4.22
Other Financing Activities, net	-20	-12	-13	-11	-6.71	-12	-7.19	-4.48	-3.48	1.23
Effect of Exchange Rate Changes	-2.60	6.37	-13	-1.28	4.05	2.59	-3.42	3.24	-6.68	-2.61

This table details how cash moves in and out of EMCOR Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-763	304	229	-34	53	266	21	82	-36	52	141
Net Cash From Operating Activities	108	469	526	280	132	424	261	300	-85	260	257
Net Cash From Continuing Operating Activities	108	469	526	280	132	424	261	300	-85	260	257
Net Income / (Loss) Continuing Operations	241	292	270	248	197	212	170	141	111	126	106
Consolidated Net Income / (Loss)	241	292	270	248	197	212	170	141	111	126	106
Depreciation Expense	16	15	14	14	13	13	13	13	13	12	12
Amortization Expense	26	21	20	20	16	19	17	16	16	17	15
Non-Cash Adjustments To Reconcile Net Income	12	8.46	2.48	4.79	14	18	5.34	-0.40	4.25	-43	-0.11
Changes in Operating Assets and Liabilities, net	-187	133	219	-6.90	-108	162	56	130	-229	147	124
Net Cash From Investing Activities	-875	-56	-33	-192	-19	-27	-86	-23	-25	-18	-70
Net Cash From Continuing Investing Activities	-875	-56	-33	-192	-19	-27	-86	-23	-25	-18	-70
Purchase of Property, Plant & Equipment	-26	-18	-18	-19	-20	-22	-20	-13	-23	-11	-11
Acquisitions	-851	-39	-16	-173	-0.10	-6.75	-67	-11	-12	-7.58	-64
Sale of Property, Plant & Equipment	1.33	1.07	1.11	0.72	0.94	1.59	1.50	0.93	9.58	0.25	5.86
Net Cash From Financing Activities	-0.83	-100	-274	-122	-59	-136	-150	-198	72	-198	-38
Net Cash From Continuing Financing Activities	-0.83	-100	-274	-122	-59	-136	-150	-198	72	-198	-38
Repayment of Debt	-0.78	-0.71	-0.75	-0.62	-0.77	-204	-143	-101	-0.78	-185	-0.85
Repurchase of Common Equity	-225	-84	-256	-110	-39	-22	-	-89	-16	-4.04	-202
Payment of Dividends	-11	-12	-12	-12	-8.47	-8.49	-8.48	-8.56	-7.15	-7.15	-6.42
Issuance of Debt	250	-	-	-	0.00	100	-	-	100	-	170
Issuance of Common Equity	0.00	-	-	-	0.94	2.42	2.33	2.27	2.17	2.08	2.07
Other Financing Activities, net	-14	-3.73	-4.76	-0.12	-12	-3.42	-0.16	-1.62	-6.70	-3.73	-0.06
Effect of Exchange Rate Changes	4.87	-9.98	8.30	0.21	-1.14	5.52	-5.00	3.62	2.24	8.03	-8.78

This table presents EMCOR Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	7,716	6,610	5,525	5,441	5,064	4,830	4,089	3,966	3,852	3,543
Total Current Assets	5,389	4,447	3,462	3,391	3,121	2,660	2,386	2,285	2,169	2,066
Cash & Equivalents	1,340	790	456	821	903	359	364	467	465	487
Accounts Receivable	3,578	3,203	2,567	2,205	1,922	2,031	1,774	1,608	1,495	1,360
Inventories, net	96	111	86	54	53	40	42	43	37	38
Prepaid Expenses	92	73	79	81	71	52	48	44	41	64
Other Current Assets	285	270	273	230	172	178	158	123	131	118
Plant, Property, & Equipment, net	207	179	158	152	158	156	134	127	128	122
Total Noncurrent Assets	2,120	1,983	1,905	1,898	1,784	2,014	1,568	1,554	1,555	1,355
Goodwill	1,018	957	919	890	852	1,064	991	965	980	843
Intangible Assets	648	586	594	589	583	611	488	495	487	473
Other Noncurrent Operating Assets	453	441	392	419	350	339	89	92	80	30
Total Liabilities & Shareholders' Equity	7,716	6,610	5,525	5,441	5,064	4,830	4,089	3,966	3,852	3,543
Total Liabilities	4,778	4,139	3,550	3,188	3,011	2,773	2,347	2,292	2,314	2,063
Total Current Liabilities	4,154	3,518	2,754	2,362	2,163	1,939	1,734	1,651	1,512	1,412
Accounts Payable	937	936	849	734	672	665	652	568	501	488
Current Deferred Revenue	2,048	1,595	1,098	-	722	-	-	-	489	429
Current Employee Benefit Liabilities	751	597	465	491	451	383	343	323	311	268
Other Current Liabilities	418	390	325	1,063	301	873	723	745	196	209
Total Noncurrent Liabilities	624	621	797	827	847	834	613	641	803	650
Other Noncurrent Operating Liabilities	624	621	565	581	588	784	0.00	-	394	353
Total Equity & Noncontrolling Interests	2,939	2,471	1,974	2,253	2,053	2,058	1,741	1,674	1,538	1,480
Total Preferred & Common Equity	2,938	2,470	1,974	2,252	2,053	2,057	1,741	1,673	1,537	1,477
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,938	2,470	1,974	2,252	2,053	2,057	1,741	1,673	1,537	1,477
Common Stock	98	92	75	62	48	33	22	8.60	53	131
Retained Earnings	4,778	3,814	3,214	2,836	2,480	2,367	2,060	1,797	1,596	1,433
Treasury Stock	-1,853	-1,351	-1,223	-562	-366	-254	-254	-38	-10	-10
Accumulated Other Comprehensive Income / (Loss)	-86	-86	-93	-84	-109	-89	-88	-94	-102	-77
Noncontrolling Interest	1.04	1.04	0.70	0.70	0.58	0.65	0.90	0.85	0.85	3.35

This table presents EMCOR Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	8,079	7,322	7,073	6,687	6,224	5,908	5,641	5,439
Total Current Assets	4,911	5,006	4,741	4,508	4,069	3,810	3,562	3,379
Cash & Equivalents	577	1,036	807	841	524	503	420	404
Accounts Receivable	3,808	3,509	3,459	3,206	3,064	2,852	2,669	2,511
Inventories, net	94	94	104	114	115	106	100	102
Prepaid Expenses	103	71	77	80	57	59	70	64
Other Current Assets	329	297	294	268	309	289	303	299
Plant, Property, & Equipment, net	229	205	201	186	171	163	160	156
Total Noncurrent Assets	2,939	2,111	2,131	1,993	1,985	1,935	1,918	1,903
Goodwill	1,337	1,002	999	957	953	927	923	917
Intangible Assets	1,097	648	662	570	601	574	585	606
Other Noncurrent Operating Assets	506	461	470	466	430	433	410	381
Total Liabilities & Shareholders' Equity	8,079	7,322	7,073	6,687	6,224	5,908	5,641	5,439
Total Liabilities	5,127	4,563	4,327	4,072	3,944	3,790	3,575	3,596
Total Current Liabilities	4,222	3,925	3,673	3,431	3,233	2,949	2,661	2,639
Accounts Payable	1,041	897	922	865	824	790	724	751
Current Deferred Revenue	2,062	-	-	-	1,489	-	-	-
Current Employee Benefit Liabilities	601	754	584	478	554	444	386	514
Other Current Liabilities	518	2,194	2,088	2,013	359	1,629	1,536	1,358
Total Noncurrent Liabilities	905	638	654	640	711	840	913	958
Long-Term Debt	250	-	-	-	97	231	100	170
Other Noncurrent Operating Liabilities	655	638	654	640	614	609	813	788
Total Equity & Noncontrolling Interests	2,952	2,759	2,746	2,615	2,280	2,118	2,066	1,842
Total Preferred & Common Equity	2,950	2,758	2,745	2,614	2,279	2,117	2,066	1,842
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,950	2,758	2,745	2,614	2,279	2,117	2,066	1,842
Common Stock	94	98	93	88	88	82	76	71
Retained Earnings	5,007	4,497	4,239	4,003	3,611	3,451	3,319	3,095
Treasury Stock	-2,072	-1,761	-1,502	-1,391	-1,329	-1,329	-1,239	-1,223
Accumulated Other Comprehensive Income / (Loss)	-80	-76	-86	-86	-91	-87	-91	-102
Noncontrolling Interest	1.97	1.04	1.04	1.04	1.04	0.70	0.70	0.70

This table displays calculated financial ratios and metrics derived from EMCOR Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.76%	13.60%	11.84%	12.58%	-4.12%	12.84%	5.77%	1.79%	12.40%	4.57%
EBITDA Growth	48.84%	46.53%	4.78%	76.29%	-33.87%	13.89%	16.10%	7.87%	7.45%	-0.85%
EBIT Growth	53.86%	53.66%	6.50%	105.70%	-43.82%	13.95%	22.77%	7.16%	7.45%	-0.96%
NOPAT Growth	54.75%	54.77%	6.70%	184.36%	-59.28%	13.92%	23.98%	22.68%	7.96%	-3.08%
Net Income Growth	59.02%	55.95%	5.84%	188.62%	-59.11%	14.66%	24.82%	24.73%	5.59%	-0.53%
EPS Growth	61.68%	64.32%	14.73%	194.17%	-58.26%	18.56%	26.96%	28.62%	9.19%	7.94%
Operating Cash Flow Growth	56.49%	80.68%	56.18%	-60.46%	126.70%	31.25%	-25.96%	39.52%	-1.61%	8.11%
Free Cash Flow Firm Growth	48.08%	81.32%	556.38%	-87.29%	-16.85%	292.15%	206.12%	-3,602.17%	-98.05%	-18.59%
Invested Capital Growth	-4.87%	-4.76%	0.79%	22.73%	-19.25%	-11.93%	7.84%	25.05%	14.45%	-1.79%
Revenue Q/Q Growth	2.32%	4.05%	2.88%	3.76%	0.21%	0.37%	2.74%	0.82%	2.33%	0.95%
EBITDA Q/Q Growth	7.58%	12.96%	5.97%	1.59%	6.70%	2.12%	16.06%	-4.94%	-2.15%	2.78%
EBIT Q/Q Growth	8.05%	14.52%	7.25%	1.72%	8.98%	1.56%	20.38%	-6.67%	-3.02%	3.45%
NOPAT Q/Q Growth	8.28%	14.62%	6.97%	5.97%	-4.01%	1.57%	9.55%	5.29%	-4.03%	3.53%
Net Income Q/Q Growth	8.70%	15.55%	6.46%	6.05%	-2.84%	1.79%	9.57%	5.73%	-5.29%	4.38%
EPS Q/Q Growth	9.29%	16.75%	9.02%	6.49%	0.00%	1.95%	9.98%	6.70%	-4.19%	5.84%
Operating Cash Flow Q/Q Growth	3.36%	22.32%	12.34%	-14.63%	11.13%	-6.89%	39.97%	-1.54%	-12.55%	14.33%
Free Cash Flow Firm Q/Q Growth	10.44%	126.00%	-22.71%	-72.49%	206.82%	34.93%	63.95%	-150.10%	135.23%	-3.77%
Invested Capital Q/Q Growth	-11.35%	-9.63%	8.67%	-0.15%	-11.40%	8.78%	16.59%	20.53%	-6.68%	-6.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.98%	16.60%	14.48%	15.16%	15.86%	14.78%	14.83%	14.92%	13.74%	14.06%
EBITDA Margin	10.16%	7.90%	6.13%	6.54%	4.18%	6.06%	6.00%	5.47%	5.16%	5.40%
Operating Margin	9.23%	6.96%	5.10%	5.36%	2.92%	5.02%	4.96%	4.28%	4.06%	4.27%
EBIT Margin	9.24%	6.95%	5.14%	5.40%	2.95%	5.04%	4.99%	4.30%	4.08%	4.27%
Profit (Net Income) Margin	6.91%	5.03%	3.67%	3.87%	1.51%	3.54%	3.49%	2.96%	2.41%	2.57%
Tax Burden Percent	73.12%	72.56%	72.68%	72.49%	52.69%	72.11%	71.79%	71.28%	61.44%	61.87%
Interest Burden Percent	102.35%	99.80%	98.17%	99.04%	97.12%	97.50%	97.34%	96.43%	96.12%	97.12%
Effective Tax Rate	26.88%	27.44%	27.32%	27.51%	47.31%	27.89%	27.62%	28.45%	37.50%	38.11%
Return on Invested Capital (ROIC)	59.96%	36.88%	23.35%	24.21%	8.47%	17.61%	15.09%	14.06%	13.76%	13.54%
ROIC Less NNEP Spread (ROIC-NNEP)	57.72%	37.30%	24.61%	24.41%	8.99%	73.85%	11.47%	2.15%	22.16%	17.16%
Return on Net Nonoperating Assets (RNNOA)	-22.72%	-8.38%	-4.14%	-6.39%	-2.01%	-0.50%	1.52%	0.09%	-1.69%	-1.69%
Return on Equity (ROE)	37.24%	28.50%	19.21%	17.82%	6.47%	17.12%	16.61%	14.15%	12.07%	11.86%
Cash Return on Invested Capital (CROIC)	64.95%	41.75%	22.57%	3.80%	29.77%	30.31%	7.54%	-8.21%	0.28%	15.35%
Operating Return on Assets (OROA)	18.79%	14.42%	10.38%	10.17%	5.25%	10.37%	10.08%	8.46%	8.34%	8.28%
Return on Assets (ROA)	14.06%	10.44%	7.41%	7.30%	2.69%	7.29%	7.04%	5.81%	4.93%	4.98%
Return on Common Equity (ROCE)	37.22%	28.48%	19.21%	17.82%	6.47%	17.11%	16.60%	14.14%	12.05%	11.79%
Return on Equity Simple (ROE_SIMPLE)	34.28%	25.64%	20.58%	17.04%	6.48%	15.81%	16.29%	13.58%	11.85%	11.68%
Net Operating Profit after Tax (NOPAT)	983	635	411	385	135	332	292	235	192	178
NOPAT Margin	6.75%	5.05%	3.71%	3.89%	1.54%	3.62%	3.59%	3.06%	2.54%	2.64%
Net Nonoperating Expense Percent (NNEP)	2.23%	-0.42%	-1.25%	-0.19%	-0.52%	-56.24%	3.62%	11.91%	-8.40%	-3.62%
Return On Investment Capital (ROIC_SIMPLE)	33.46%	25.72%	18.48%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	81.02%	83.40%	85.52%	84.84%	84.14%	85.22%	85.17%	85.08%	86.26%	85.94%
SG&A Expenses to Revenue	9.75%	9.63%	9.38%	9.80%	10.27%	9.74%	9.83%	9.87%	9.63%	9.77%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.75%	9.64%	9.38%	9.80%	12.94%	9.75%	9.87%	10.64%	9.68%	9.78%
Earnings before Interest and Taxes (EBIT)	1,346	875	569	534	260	462	406	331	308	287
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,480	995	679	648	367	556	488	420	390	363
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.10	4.09	3.55	2.99	2.41	2.31	1.93	2.79	2.70	1.96
Price to Tangible Book Value (P/TBV)	16.42	10.90	15.22	8.70	8.01	12.44	12.83	21.91	59.25	18.02
Price to Revenue (P/Rev)	1.43	0.80	0.63	0.68	0.56	0.52	0.41	0.61	0.55	0.43
Price to Earnings (P/E)	20.72	15.96	17.25	17.54	37.21	14.61	11.83	20.57	22.82	16.81
Dividend Yield	0.21%	0.32%	0.37%	0.41%	0.36%	0.38%	0.55%	0.40%	0.47%	0.69%
Earnings Yield	4.83%	6.27%	5.80%	5.70%	2.69%	6.85%	8.46%	4.86%	4.38%	5.95%
Enterprise Value to Invested Capital (EV/IC)	12.21	5.54	3.85	3.55	3.03	2.52	1.80	2.61	2.76	2.09
Enterprise Value to Revenue (EV/Rev)	1.34	0.74	0.61	0.63	0.49	0.49	0.45	0.63	0.54	0.40
Enterprise Value to EBITDA (EV/EBITDA)	13.19	9.36	10.02	9.61	11.76	8.02	7.42	11.57	10.53	7.50
Enterprise Value to EBIT (EV/EBIT)	14.51	10.65	11.95	11.65	16.63	9.64	8.92	14.70	13.30	9.47
Enterprise Value to NOPAT (EV/NOPAT)	19.86	14.66	16.56	16.18	31.93	13.42	12.41	20.66	21.38	15.31
Enterprise Value to Operating Cash Flow (EV/OCF)	13.87	10.35	13.65	19.53	5.36	12.54	13.36	13.28	15.63	10.20
Enterprise Value to Free Cash Flow (EV/FCFF)	18.33	12.95	17.14	102.98	9.09	7.80	24.82	0.00	1,045.52	13.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.13	0.14	0.13	0.03	0.36	0.39	0.28	0.21
Long-Term Debt to Equity	0.00	0.00	0.12	0.11	0.13	0.02	0.35	0.38	0.27	0.20
Financial Leverage	-0.39	-0.22	-0.17	-0.26	-0.22	-0.01	0.13	0.04	-0.08	-0.10
Leverage Ratio	2.65	2.73	2.59	2.44	2.41	2.35	2.36	2.43	2.45	2.38
Compound Leverage Factor	2.71	2.72	2.55	2.42	2.34	2.29	2.30	2.35	2.36	2.31
Debt to Total Capital	0.00%	0.00%	11.13%	12.42%	11.87%	3.20%	26.53%	28.16%	21.58%	17.55%
Short-Term Debt to Total Capital	0.00%	0.00%	0.70%	2.88%	0.73%	0.85%	0.68%	0.66%	0.77%	0.98%
Long-Term Debt to Total Capital	0.00%	0.00%	10.43%	9.54%	11.14%	2.35%	25.86%	27.50%	20.82%	16.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.04%	0.04%	0.03%	0.03%	0.02%	0.03%	0.04%	0.04%	0.04%	0.19%
Common Equity to Total Capital	99.96%	99.96%	88.84%	87.55%	88.11%	96.77%	73.43%	71.80%	78.37%	82.26%
Debt to EBITDA	0.00	0.00	0.36	0.49	0.75	0.12	1.29	1.56	1.09	0.87
Net Debt to EBITDA	0.00	0.00	-0.31	-0.77	-1.70	-0.52	0.54	0.44	-0.13	-0.50
Long-Term Debt to EBITDA	0.00	0.00	0.34	0.38	0.71	0.09	1.26	1.52	1.05	0.82
Debt to NOPAT	0.00	0.00	0.60	0.83	2.04	0.20	2.16	2.79	2.21	1.77
Net Debt to NOPAT	0.00	0.00	-0.51	-1.30	-4.63	-0.87	0.91	0.79	-0.26	-1.01
Long-Term Debt to NOPAT	0.00	0.00	0.56	0.64	1.92	0.15	2.10	2.72	2.13	1.67
Altman Z-Score	6.14	4.78	4.50	4.37	3.81	4.11	4.07	4.26	4.09	3.79
Noncontrolling Interest Sharing Ratio	0.04%	0.04%	0.03%	0.03%	0.03%	0.04%	0.05%	0.05%	0.14%	0.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.30	1.26	1.26	1.44	1.44	1.37	1.38	1.38	1.43	1.46
Quick Ratio	1.18	1.14	1.10	1.28	1.31	1.23	1.23	1.26	1.30	1.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,065	719	397	60	475	572	146	-137	3.92	201
Operating Cash Flow to CapEx	1,979.85%	1,388.36%	1,181.50%	953.46%	1,811.81%	828.27%	641.57%	1,193.51%	697.33%	843.53%
Free Cash Flow to Firm to Interest Expense	281.90	41.83	30.06	9.96	52.78	41.37	10.77	-10.76	0.31	22.54
Operating Cash Flow to Interest Expense	372.56	52.31	37.73	52.51	89.51	25.74	20.01	28.66	20.78	29.86
Operating Cash Flow Less CapEx to Interest Expense	353.74	48.54	34.53	47.01	84.57	22.63	16.89	26.26	17.80	26.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.03	2.07	2.02	1.89	1.78	2.06	2.02	1.97	2.04	1.94
Accounts Receivable Turnover	4.30	4.36	4.64	4.80	4.45	4.82	4.81	4.95	5.29	5.18
Inventory Turnover	114.33	106.85	135.57	156.41	157.85	188.93	162.86	163.19	173.76	136.83
Fixed Asset Turnover	75.30	74.63	71.49	63.79	55.92	63.16	62.18	60.26	60.42	55.03
Accounts Payable Turnover	12.60	11.76	11.96	11.95	11.07	11.87	11.35	12.24	13.17	12.17
Days Sales Outstanding (DSO)	84.96	83.70	78.63	76.04	82.01	75.68	75.90	73.68	69.00	70.46
Days Inventory Outstanding (DIO)	3.19	3.42	2.69	2.33	2.31	1.93	2.24	2.24	2.10	2.67
Days Payable Outstanding (DPO)	28.97	31.05	30.51	30.54	32.97	30.75	32.15	29.83	27.72	29.99
Cash Conversion Cycle (CCC)	59.19	56.07	50.81	47.83	51.34	46.86	45.99	46.08	43.38	43.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,599	1,681	1,765	1,751	1,427	1,767	2,007	1,861	1,488	1,300
Invested Capital Turnover	8.88	7.30	6.30	6.23	5.51	4.86	4.21	4.59	5.42	5.12
Increase / (Decrease) in Invested Capital	-82	-84	14	324	-340	-239	146	373	188	-24
Enterprise Value (EV)	19,531	9,313	6,799	6,225	4,321	4,460	3,619	4,861	4,102	2,719
Market Capitalization	20,870	10,102	7,008	6,726	4,947	4,750	3,353	4,673	4,151	2,896
Book Value per Share	$63.86	$52.50	$41.41	$42.20	$37.37	$36.63	$30.24	$28.45	$25.35	$23.54
Tangible Book Value per Share	$27.63	$19.71	$9.66	$14.48	$11.25	$6.80	$4.54	$3.63	$1.16	$2.56
Total Capital	2,939	2,471	2,221	2,573	2,330	2,126	2,370	2,330	1,961	1,795
Total Debt	0.00	0.00	247	319	277	68	629	656	423	315
Total Long-Term Debt	0.00	0.00	232	245	260	50	613	641	408	298
Net Debt	-1,340	-790	-209	-502	-626	-291	265	186	-50	-180
Capital Expenditures (CapEx)	71	65	42	33	45	43	42	31	38	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-104	139	268	282	72	381	304	181	208	184
Debt-free Net Working Capital (DFNWC)	1,235	929	724	1,103	975	739	668	649	672	671
Net Working Capital (NWC)	1,235	929	708	1,029	958	721	652	634	657	654
Net Nonoperating Expense (NNE)	-24	2.11	4.45	1.09	2.38	7.21	8.18	8.12	9.66	5.17
Net Nonoperating Obligations (NNO)	-1,340	-790	-209	-502	-626	-291	265	186	-50	-180
Total Depreciation and Amortization (D&A)	135	120	110	113	108	93	82	90	81	75
Debt-free, Cash-free Net Working Capital to Revenue	-0.72%	1.10%	2.42%	2.85%	0.82%	4.15%	3.74%	2.36%	2.75%	2.74%
Debt-free Net Working Capital to Revenue	8.48%	7.38%	6.54%	11.14%	11.08%	8.06%	8.21%	8.44%	8.90%	9.99%
Net Working Capital to Revenue	8.48%	7.38%	6.40%	10.39%	10.89%	7.86%	8.02%	8.24%	8.70%	9.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$21.61	$13.37	$8.13	$7.09	$2.41	$5.78	$4.88	$3.84	$3.00	$2.74
Adjusted Weighted Average Basic Shares Outstanding	45.47M	47.06M	47.69M	52.67M	109.59M	56.26M	56.00M	58.37M	59.66M	60.66M
Adjusted Diluted Earnings per Share	$21.52	$13.31	$8.10	$7.06	$2.40	$5.75	$4.85	$3.82	$2.97	$2.72
Adjusted Weighted Average Diluted Shares Outstanding	45.47M	47.06M	47.69M	52.67M	109.59M	56.26M	56.00M	58.37M	59.66M	60.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.47M	47.06M	47.69M	52.67M	109.59M	56.26M	56.00M	58.37M	59.66M	60.66M
Normalized Net Operating Profit after Tax (NOPAT)	983	637	411	385	259	333	294	278	194	178
Normalized NOPAT Margin	6.75%	5.06%	3.71%	3.89%	2.95%	3.63%	3.62%	3.61%	2.57%	2.65%
Pre Tax Income Margin	9.46%	6.94%	5.04%	5.34%	2.87%	4.91%	4.86%	4.15%	3.93%	4.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	356.11	50.85	43.12	88.03	28.84	33.46	29.96	25.89	24.43	32.14
NOPAT to Interest Expense	260.22	36.95	31.11	63.38	15.02	24.05	21.54	18.43	15.19	19.89
EBIT Less CapEx to Interest Expense	337.30	47.09	39.93	82.52	23.90	30.35	26.84	23.48	21.45	28.60
NOPAT Less CapEx to Interest Expense	241.40	33.18	27.91	57.87	10.08	20.94	18.42	16.03	12.21	16.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.31%	5.16%	6.69%	7.35%	13.35%	5.60%	6.57%	8.35%	12.17%	17.59%
Augmented Payout Ratio	52.94%	25.33%	169.36%	58.31%	98.01%	5.60%	82.83%	49.36%	63.89%	78.07%

This table displays calculated financial ratios and metrics derived from EMCOR Group's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.68%	9.62%	15.26%	20.40%	18.75%	16.59%	13.49%	12.49%	11.49%	11.73%	12.08%
EBITDA Growth	24.58%	32.17%	50.31%	62.85%	57.87%	55.90%	49.21%	36.80%	43.00%	19.72%	6.04%
EBIT Growth	22.62%	34.36%	54.99%	69.47%	67.81%	63.22%	56.37%	41.55%	53.19%	23.89%	8.51%
NOPAT Growth	23.61%	35.89%	55.31%	70.19%	69.40%	63.03%	58.42%	41.14%	53.81%	26.26%	7.31%
Net Income Growth	22.08%	38.13%	59.22%	76.09%	76.86%	67.47%	60.48%	39.67%	51.90%	24.23%	6.05%
EPS Growth	26.14%	40.94%	62.47%	77.97%	79.74%	74.61%	65.28%	48.24%	66.91%	35.45%	16.76%
Operating Cash Flow Growth	-17.99%	10.79%	101.73%	-6.62%	256.37%	63.25%	1.46%	289.17%	11.72%	26.70%	112.72%
Free Cash Flow Firm Growth	-623.54%	24.92%	585.35%	-1.07%	-56.06%	155.77%	-127.88%	268.00%	236.83%	151.60%	646.64%
Invested Capital Growth	41.87%	-4.87%	-3.04%	4.34%	5.03%	-4.76%	14.53%	-0.92%	-6.42%	0.79%	-7.39%
Revenue Q/Q Growth	2.58%	1.98%	0.82%	6.84%	-0.20%	7.22%	5.32%	5.37%	-2.01%	4.37%	4.39%
EBITDA Q/Q Growth	-15.07%	6.63%	8.52%	26.77%	-9.90%	21.27%	17.57%	22.88%	-11.02%	16.07%	7.80%
EBIT Q/Q Growth	-17.97%	6.82%	9.30%	28.03%	-10.11%	23.22%	19.51%	26.77%	-12.57%	18.05%	8.19%
NOPAT Q/Q Growth	-16.94%	7.90%	8.69%	26.91%	-8.70%	23.32%	19.10%	26.32%	-12.13%	19.83%	6.11%
Net Income Q/Q Growth	-17.62%	8.10%	9.17%	25.58%	-6.79%	24.61%	20.73%	26.12%	-11.74%	19.41%	5.07%
EPS Q/Q Growth	-16.51%	8.62%	10.48%	25.90%	-6.71%	25.21%	21.02%	27.16%	-9.38%	18.52%	8.54%
Operating Cash Flow Q/Q Growth	-76.90%	-10.82%	88.22%	111.47%	-68.79%	62.38%	-12.87%	454.11%	-132.58%	0.92%	234.19%
Free Cash Flow Firm Q/Q Growth	-246.71%	14.45%	101.56%	54.70%	-52.93%	544.64%	-141.09%	-31.29%	103.78%	-51.54%	347.59%
Invested Capital Q/Q Growth	64.16%	-11.35%	-10.57%	9.00%	5.36%	-9.63%	-3.76%	9.72%	-0.19%	8.67%	-16.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.69%	20.08%	19.87%	18.65%	17.17%	17.96%	17.01%	16.09%	15.09%	15.42%	14.62%
EBITDA Margin	9.33%	11.27%	10.77%	10.01%	8.44%	9.34%	8.26%	7.40%	6.35%	6.99%	6.28%
Operating Margin	8.24%	10.31%	9.83%	9.08%	7.57%	8.41%	7.33%	6.46%	5.36%	6.01%	5.31%
EBIT Margin	8.24%	10.31%	9.84%	9.08%	7.57%	8.41%	7.32%	6.45%	5.36%	6.01%	5.31%
Profit (Net Income) Margin	6.22%	7.75%	7.31%	6.75%	5.74%	6.15%	5.29%	4.62%	3.86%	4.28%	3.74%
Tax Burden Percent	74.24%	73.32%	72.64%	73.00%	73.64%	72.50%	72.35%	72.59%	72.95%	72.59%	71.50%
Interest Burden Percent	101.71%	102.55%	102.29%	101.90%	102.99%	100.88%	99.96%	98.63%	98.64%	98.20%	98.55%
Effective Tax Rate	25.76%	26.68%	27.36%	27.00%	26.36%	27.50%	27.65%	27.41%	27.05%	27.41%	28.50%
Return on Invested Capital (ROIC)	41.02%	67.12%	55.50%	46.11%	40.53%	44.52%	36.79%	28.27%	24.40%	27.47%	24.20%
ROIC Less NNEP Spread (ROIC-NNEP)	40.28%	66.44%	54.60%	45.10%	39.46%	44.15%	36.88%	30.58%	24.95%	28.12%	24.72%
Return on Net Nonoperating Assets (RNNOA)	-7.90%	-26.15%	-14.90%	-8.47%	-9.01%	-9.92%	-5.71%	-1.40%	-3.31%	-4.73%	-3.76%
Return on Equity (ROE)	33.12%	40.97%	40.60%	37.64%	31.52%	34.60%	31.09%	26.86%	21.09%	22.74%	20.44%
Cash Return on Invested Capital (CROIC)	11.34%	64.95%	52.65%	36.97%	34.62%	41.75%	18.27%	26.24%	31.34%	22.57%	30.40%
Operating Return on Assets (OROA)	16.75%	20.96%	20.68%	19.22%	16.13%	17.44%	15.17%	13.66%	11.21%	12.13%	10.65%
Return on Assets (ROA)	12.64%	15.76%	15.36%	14.30%	12.23%	12.75%	10.97%	9.78%	8.07%	8.65%	7.51%
Return on Common Equity (ROCE)	33.10%	40.95%	40.59%	37.63%	31.50%	34.58%	31.07%	26.86%	21.09%	22.73%	20.44%
Return on Equity Simple (ROE_SIMPLE)	35.62%	0.00%	33.59%	30.10%	27.50%	0.00%	24.05%	22.87%	21.50%	0.00%	20.71%
Net Operating Profit after Tax (NOPAT)	237	285	264	243	191	210	170	143	113	129	107
NOPAT Margin	6.12%	7.56%	7.14%	6.63%	5.58%	6.10%	5.30%	4.69%	3.91%	4.36%	3.80%
Net Nonoperating Expense Percent (NNEP)	0.74%	0.68%	0.90%	1.01%	1.07%	0.37%	-0.08%	-2.31%	-0.55%	-0.65%	-0.51%
Return On Investment Capital (ROIC_SIMPLE)	7.39%	9.70%	-	-	-	8.49%	-	-	-	5.79%	-
Cost of Revenue to Revenue	81.31%	79.92%	80.13%	81.35%	82.83%	82.04%	82.99%	83.91%	84.91%	84.58%	85.38%
SG&A Expenses to Revenue	10.45%	9.77%	10.04%	9.58%	9.60%	9.55%	9.61%	9.63%	9.73%	9.41%	9.31%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.45%	9.77%	10.04%	9.58%	9.60%	9.55%	9.68%	9.63%	9.73%	9.41%	9.31%
Earnings before Interest and Taxes (EBIT)	319	389	364	333	260	289	235	196	155	177	150
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	361	425	398	367	290	321	265	225	183	206	178
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.69	7.10	7.28	6.25	6.29	4.09	4.34	4.13	3.73	3.55	3.07
Price to Tangible Book Value (P/TBV)	32.52	16.42	18.12	15.82	15.12	10.90	13.63	14.22	13.83	15.22	17.74
Price to Revenue (P/Rev)	1.12	1.43	1.41	1.25	1.25	0.80	0.82	0.75	0.68	0.63	0.53
Price to Earnings (P/E)	15.99	20.72	21.67	20.77	22.89	15.96	18.04	18.07	17.37	17.25	14.83
Dividend Yield	0.27%	0.21%	0.20%	0.22%	0.21%	0.32%	0.31%	0.33%	0.35%	0.37%	0.45%
Earnings Yield	6.26%	4.83%	4.61%	4.82%	4.37%	6.27%	5.54%	5.53%	5.76%	5.80%	6.74%
Enterprise Value to Invested Capital (EV/IC)	6.27	12.21	10.60	8.14	8.48	5.54	5.09	4.43	4.21	3.85	3.35
Enterprise Value to Revenue (EV/Rev)	1.10	1.34	1.34	1.19	1.20	0.74	0.78	0.73	0.65	0.61	0.51
Enterprise Value to EBITDA (EV/EBITDA)	10.62	13.19	13.90	13.21	14.24	9.36	10.75	10.81	10.14	10.02	8.49
Enterprise Value to EBIT (EV/EBIT)	11.74	14.51	15.35	14.70	16.00	10.65	12.39	12.62	11.95	11.95	10.25
Enterprise Value to NOPAT (EV/NOPAT)	16.02	19.86	21.06	20.17	21.97	14.66	17.07	17.42	16.46	16.56	14.17
Enterprise Value to Operating Cash Flow (EV/OCF)	11.90	13.87	14.04	14.97	14.05	10.35	12.87	11.71	14.55	13.65	12.27
Enterprise Value to Free Cash Flow (EV/FCFF)	64.92	18.33	19.82	22.49	25.09	12.95	29.73	16.81	12.98	17.14	10.60
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.00	0.03	0.03	0.03	0.00	0.05	0.15	0.06	0.13	0.10
Long-Term Debt to Equity	0.08	0.00	0.00	0.00	0.00	0.00	0.04	0.11	0.05	0.12	0.09
Financial Leverage	-0.20	-0.39	-0.27	-0.19	-0.23	-0.22	-0.15	-0.05	-0.13	-0.17	-0.15
Leverage Ratio	2.65	2.65	2.69	2.67	2.63	2.73	2.83	2.72	2.59	2.59	2.69
Compound Leverage Factor	2.70	2.72	2.75	2.72	2.71	2.75	2.83	2.68	2.55	2.55	2.66
Debt to Total Capital	7.81%	0.00%	2.83%	2.79%	2.82%	0.00%	4.36%	13.06%	5.29%	11.13%	9.15%
Short-Term Debt to Total Capital	0.00%	0.00%	2.83%	2.79%	2.82%	0.00%	0.27%	3.55%	0.71%	0.70%	0.77%
Long-Term Debt to Total Capital	7.81%	0.00%	0.00%	0.00%	0.00%	0.00%	4.09%	9.50%	4.58%	10.43%	8.38%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.06%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%
Common Equity to Total Capital	92.13%	99.96%	97.14%	97.18%	97.14%	99.96%	95.60%	86.92%	94.67%	88.84%	90.81%
Debt to EBITDA	0.16	0.00	0.06	0.06	0.07	0.00	0.12	0.40	0.16	0.36	0.29
Net Debt to EBITDA	-0.21	0.00	-0.69	-0.59	-0.69	0.00	-0.48	-0.23	-0.42	-0.31	-0.34
Long-Term Debt to EBITDA	0.16	0.00	0.00	0.00	0.00	0.00	0.11	0.29	0.14	0.34	0.27
Debt to NOPAT	0.24	0.00	0.09	0.10	0.11	0.00	0.19	0.65	0.26	0.60	0.48
Net Debt to NOPAT	-0.32	0.00	-1.05	-0.89	-1.07	0.00	-0.76	-0.38	-0.68	-0.51	-0.57
Long-Term Debt to NOPAT	0.24	0.00	0.00	0.00	0.00	0.00	0.18	0.47	0.22	0.56	0.44
Altman Z-Score	4.92	5.73	5.79	5.50	5.55	4.49	4.54	4.47	4.42	4.26	3.97
Noncontrolling Interest Sharing Ratio	0.05%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.16	1.30	1.28	1.29	1.31	1.26	1.26	1.29	1.34	1.26	1.28
Quick Ratio	1.04	1.18	1.16	1.16	1.18	1.14	1.11	1.14	1.16	1.10	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-538	367	321	159	103	294	-66	161	234	115	237
Operating Cash Flow to CapEx	437.44%	2,822.82%	3,170.39%	1,509.00%	683.92%	2,066.21%	1,430.65%	2,400.15%	-623.26%	2,514.33%	5,037.31%
Free Cash Flow to Firm to Interest Expense	0.00	14.25	0.00	0.00	0.00	23.33	-733.79	59.71	127.70	16.48	74.17
Operating Cash Flow to Interest Expense	0.00	18.24	0.00	0.00	0.00	33.67	2,899.61	111.26	-46.17	37.27	80.53
Operating Cash Flow Less CapEx to Interest Expense	0.00	17.60	0.00	0.00	0.00	32.04	2,696.93	106.63	-53.58	35.79	78.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.03	2.03	2.10	2.12	2.13	2.07	2.07	2.12	2.09	2.02	2.01
Accounts Receivable Turnover	4.28	4.30	4.33	4.36	4.47	4.36	4.34	4.43	4.57	4.64	4.59
Inventory Turnover	116.44	114.33	110.60	107.72	101.63	106.85	93.56	99.41	112.72	135.57	110.78
Fixed Asset Turnover	72.23	75.30	75.87	75.58	75.68	74.63	74.02	73.66	72.97	71.49	69.53
Accounts Payable Turnover	12.70	12.60	13.49	13.21	13.70	11.76	12.91	13.11	13.42	11.96	13.27
Days Sales Outstanding (DSO)	85.33	84.96	84.27	83.79	81.70	83.70	84.12	82.46	79.79	78.63	79.54
Days Inventory Outstanding (DIO)	3.13	3.19	3.30	3.39	3.59	3.42	3.90	3.67	3.24	2.69	3.29
Days Payable Outstanding (DPO)	28.75	28.97	27.06	27.63	26.65	31.05	28.28	27.84	27.20	30.51	27.51
Cash Conversion Cycle (CCC)	59.72	59.19	60.51	59.55	58.64	56.07	59.75	58.29	55.83	50.81	55.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,625	1,599	1,804	2,017	1,850	1,681	1,860	1,933	1,762	1,765	1,624
Invested Capital Turnover	6.70	8.88	7.77	6.96	7.27	7.30	6.94	6.03	6.24	6.30	6.37
Increase / (Decrease) in Invested Capital	775	-82	-56	84	89	-84	236	-18	-121	14	-130
Enterprise Value (EV)	16,472	19,531	19,122	16,418	15,688	9,313	9,462	8,566	7,410	6,799	5,439
Market Capitalization	16,797	20,870	20,076	17,146	16,452	10,102	9,881	8,750	7,714	7,008	5,657
Book Value per Share	$64.87	$63.86	$59.11	$58.40	$55.63	$52.50	$48.35	$44.53	$43.32	$41.41	$37.32
Tangible Book Value per Share	$11.36	$27.63	$23.74	$23.07	$23.15	$19.71	$15.38	$12.94	$11.70	$9.66	$6.46
Total Capital	3,202	2,939	2,839	2,824	2,691	2,471	2,384	2,436	2,182	2,221	2,028
Total Debt	250	0.00	80	79	76	0.00	104	318	116	247	186
Total Long-Term Debt	250	0.00	0.00	0.00	0.00	0.00	97	231	100	232	170
Net Debt	-327	-1,340	-955	-729	-765	-790	-420	-185	-305	-209	-218
Capital Expenditures (CapEx)	25	17	17	19	19	21	18	12	14	10	5.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	112	-104	126	339	312	139	319	444	496	268	352
Debt-free Net Working Capital (DFNWC)	689	1,235	1,161	1,146	1,153	929	843	947	917	724	756
Net Working Capital (NWC)	689	1,235	1,081	1,068	1,077	929	836	860	901	708	740
Net Nonoperating Expense (NNE)	-4.04	-7.25	-6.20	-4.62	-5.72	-1.85	0.27	2.16	1.54	2.31	1.55
Net Nonoperating Obligations (NNO)	-327	-1,340	-955	-729	-765	-790	-420	-185	-305	-209	-218
Total Depreciation and Amortization (D&A)	42	36	35	34	30	32	30	29	28	29	27
Debt-free, Cash-free Net Working Capital to Revenue	0.75%	-0.72%	0.88%	2.47%	2.37%	1.10%	2.64%	3.79%	4.37%	2.42%	3.27%
Debt-free Net Working Capital to Revenue	4.59%	8.48%	8.16%	8.34%	8.78%	7.38%	6.97%	8.08%	8.06%	6.54%	7.02%
Net Working Capital to Revenue	4.59%	8.48%	7.60%	7.77%	8.20%	7.38%	6.91%	7.34%	7.92%	6.40%	6.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.27	$6.33	$5.83	$5.27	$4.18	$4.48	$3.59	$2.97	$2.33	$2.59	$2.16
Adjusted Weighted Average Basic Shares Outstanding	44.76M	45.47M	46.00M	46.66M	47.00M	47.06M	47.04M	47.14M	47.55M	47.69M	47.66M
Adjusted Diluted Earnings per Share	$5.26	$6.30	$5.80	$5.25	$4.17	$4.47	$3.57	$2.95	$2.32	$2.56	$2.16
Adjusted Weighted Average Diluted Shares Outstanding	44.76M	45.47M	46.00M	46.66M	47.00M	47.06M	47.04M	47.14M	47.55M	47.69M	47.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.76M	45.47M	46.00M	46.66M	47.00M	47.06M	47.04M	47.14M	47.55M	47.69M	47.66M
Normalized Net Operating Profit after Tax (NOPAT)	237	285	264	243	191	210	172	143	113	129	107
Normalized NOPAT Margin	6.12%	7.56%	7.14%	6.63%	5.58%	6.10%	5.35%	4.69%	3.91%	4.36%	3.80%
Pre Tax Income Margin	8.38%	10.57%	10.06%	9.25%	7.80%	8.48%	7.31%	6.36%	5.29%	5.90%	5.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	15.10	0.00	0.00	0.00	22.98	2,607.77	72.95	84.56	25.44	46.99
NOPAT to Interest Expense	0.00	11.07	0.00	0.00	0.00	16.66	1,889.07	53.03	61.69	18.47	33.60
EBIT Less CapEx to Interest Expense	0.00	14.45	0.00	0.00	0.00	21.35	2,405.09	68.32	77.15	23.96	45.39
NOPAT Less CapEx to Interest Expense	0.00	10.42	0.00	0.00	0.00	15.03	1,686.40	48.39	54.28	16.98	32.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.41%	4.31%	4.36%	4.50%	4.73%	5.16%	5.72%	6.05%	6.17%	6.69%	7.07%
Augmented Payout Ratio	68.72%	52.94%	50.54%	25.26%	25.69%	25.33%	25.67%	70.41%	117.57%	169.36%	182.40%

Frequently Asked Questions About EMCOR Group's Financials

When does EMCOR Group's financial year end?

According to the most recent income statement we have on file, EMCOR Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has EMCOR Group's net income changed over the last 9 years?

EMCOR Group's net income appears to be on an upward trend, with a most recent value of $1.01 billion in 2024, rising from $172.51 million in 2015. The previous period was $633.33 million in 2023. View EMCOR Group's forecast to see where analysts expect EMCOR Group to go next.

What is EMCOR Group's operating income?

EMCOR Group's total operating income in 2024 was $1.34 billion, based on the following breakdown:

Total Gross Profit: $2.77 billion
Total Operating Expenses: $1.42 billion

How has EMCOR Group revenue changed over the last 9 years?

Over the last 9 years, EMCOR Group's total revenue changed from $6.72 billion in 2015 to $14.57 billion in 2024, a change of 116.8%.

How much debt does EMCOR Group have?

EMCOR Group's total liabilities were at $4.78 billion at the end of 2024, a 15.4% increase from 2023, and a 131.6% increase since 2015.

How much cash does EMCOR Group have?

In the past 9 years, EMCOR Group's cash and equivalents has ranged from $358.82 million in 2019 to $1.34 billion in 2024, and is currently $1.34 billion as of their latest financial filing in 2024.

How has EMCOR Group's book value per share changed over the last 9 years?

Over the last 9 years, EMCOR Group's book value per share changed from 23.54 in 2015 to 63.86 in 2024, a change of 171.2%.

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This page (NYSE:EME) was last updated on 5/29/2025 by MarketBeat.com Staff

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EMCOR Group (EME) Financials

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EMCOR Group (EME) Financials

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