EMCOR Group revenue and financials
$824.52Change from previous close: +5.82%Absolute change: +$45.32
In the fiscal year ended December 2025, EMCOR Group reported revenue of $16.99B (+16.62% year over year). Net income was $1.27B, a net margin of 7.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +16.62%
- 2025 vs 2024
- Net income growth
- +26.38%
- 2025 vs 2024
- Net margin
- 7.5%
- 2024: 6.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 289 | 0.6 | 524 | 476 | 194 | 108 | 469 | 526 | 280 | 132 | 424 | 261 |
| Depreciation and amortization | 54.3 | 52.6 | 50.0 | 47.8 | 46.6 | 41.9 | 35.3 | 34.5 | 34.2 | 29.6 | 31.2 | 30.3 |
| Capital expenditure | -31.1 | -28.7 | -31.9 | -26.7 | -28.0 | -26.1 | -17.7 | -17.7 | -19.3 | -20.3 | -22.1 | -19.7 |
| Investing cash flow | -81.0 | -71.8 | 104 | -38.9 | -63.4 | -875 | -55.6 | -32.5 | -192 | -19.4 | -27.3 | -85.6 |
| Financing cash flow | -200 | -124 | -169 | -264 | -230 | -0.8 | -100 | -274 | -122 | -58.9 | -136 | -150 |
| Dividends paid | -17.8 | -17.8 | -11.2 | -11.2 | -11.2 | -11.5 | -11.5 | -11.7 | -11.7 | -8.5 | -8.5 | -8.5 |
| Share repurchases | -182 | -105 | -157 | -0.5 | -208 | -238 | -87.7 | -257 | -110 | -50.6 | -23.1 | -0.1 |
| Debt issued | 0.0 | 0.0 | 0.0 | 0.0 | 275 | 250 | — | — | — | — | 100 | — |
| Debt repaid | -0.7 | -0.6 | -0.6 | -251 | -276 | -0.8 | -0.7 | -0.8 | -0.6 | -0.8 | -204 | -143 |
| Effect of exchange rates | 0.0 | 0.0 | -4.2 | -3.5 | 9.7 | 4.9 | -10.0 | 8.3 | 0.2 | -1.1 | 5.5 | -5.0 |
| Net change in cash | 8.0 | -196 | 456 | 169 | -90.3 | -763 | 304 | 229 | -34.3 | 52.7 | 266 | 20.6 |
| Free cash flow | 258 | -28.2 | 492 | 449 | 166 | 82.3 | 452 | 509 | 260 | 112 | 402 | 241 |
| Levered free cash flow | 176 | -92.4 | 543 | 344 | 87.9 | 7.3 | 412 | 457 | 196 | 80.9 | 363 | 209 |