Emcor (EME)

Industrials · $28.1B market cap · SEC CIK 0000105634

Next reports on Feb 24, 2027, before the open, with analysts expecting $9.53 in earnings per share.

52-week range $564.92 to $951.96. 32% below its 52-week high and 14% above its low.

The case for EME

• Revenue up 22.1% on the year.
• Cheap for its growth: 18.2× earnings, where 25%+ a year of growth would justify about 46×.
• Earns 39% back on shareholder equity.
• Earnings per share up 39.2%.
• Has compounded revenue at 14.1% a year over five years.
• Carries essentially no debt.

The case against

• The price trend is weak (29/100): +0.5% over a year, −19.3% over three months, 32% below its 52-week high.
• Weakest against its peers: net margin of 8% is thinner than 79% of Industrials companies.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Industrials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Each factor except momentum is half fixed thresholds, half rank among the 79 Industrials companies.

The financials

The financials, five years deep

Pulled from Emcor's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Emcor says it does

References to the “Company,” “EMCOR,” “we,” “us,” “our” and similar words refer to EMCOR Group, Inc. and its consolidated subsidiaries unless the context indicates otherwise. Overview We are one of the largest specialty contractors in the United States and a leading provider of electrical and mechanical construction and facilities services, building services, and industrial services. In 2025, we had revenues of $16.99 billion. Our services are provided to a broad range of commercial, technology, manufacturing, industrial, healthcare, utility, and institutional customers through approximately 100 operating subsidiaries, which specialize principally in providing construction services relating to electrical and mechanical systems in all types of facilities and in providing various services relating to the operation, maintenance, and management of those facilities. Such operating subsidiaries are organized into the following reportable…

Risk factors EME lists in its 10-K

• Economic and Strategic Risk Factors
• Certain of our businesses, including those within our United States industrial services segment, are exposed to risks associated with the oil and gas industry
• Our business is vulnerable to the cyclical nature of the sectors in which our clients operate and is dependent upon the timing and funding of new awards
• Changes in U.S. foreign trade policies could lead to the imposition of additional trade barriers and tariffs
• Business and Operational Risk Factors
• The loss of customers could have an adverse effect on us
• Our industry is highly competitive
• We are a decentralized company which presents certain risks
• Our business may be affected by weather conditions
• Our business may be affected by the work environment
• Our dependence upon fixed price and similar contracts could adversely affect our business
• We could incur additional costs to cover certain guarantees or other contractual requirements
• We may be unsuccessful in generating internal growth
• Fluctuating foreign currency exchange rates could impact our financial results
• As part of our risk management strategy, we are effectively self-insured against certain potential liabilities
• Failure to provide our services in accordance with professional standards or contractual requirements could expose us to significant monetary damages
• Our business strategy relies, in part, on acquisitions to sustain our growth, and these transactions present certain risks and uncertainties
• Amounts included in our remaining performance obligations may not result in actual revenues or translate into profits
• We recognize revenue for the majority of our construction projects based on estimates; therefore, variations of actual results from our assumptions may reduce our profitability
• We are increasingly dependent on sophisticated information technology systems; our business and results of operations are subject to adverse impacts due to the disruption, failure, or breaches of these systems
• A material portion of our business depends on our ability to provide surety bonds. We may be unable to compete for or work on certain projects if we are not able to obtain the necessary surety bonds
• Our results of operations could be adversely affected as a result of goodwill and identifiable intangible asset impairments
• We are subject to many laws and regulations in the jurisdictions in which we operate; changes to such laws and regulations may result in additional costs and impact our operations
• Our failure to comply with environmental laws could result in significant liabilities
• Adverse resolution of litigation and other legal and regulatory proceedings may harm our operating results or financial position
• We may incur liabilities or suffer negative financial impacts relating to occupational, health, and safety matters
• Opportunities within the government sector could lead to increased governmental rules and regulations applicable to us
• Human Capital and Labor Risk Factors
• The departure, loss or incapacitation of key personnel could disrupt our business
• We may be unable to attract and retain skilled employees
• Our unionized workforce could adversely affect our operations; our participation in many multiemployer pension plans could result in substantial liabilities being incurred
• Certain provisions of our corporate governance documents could make an acquisition of us, or a substantial interest in us, more difficult
• Climate Change Related Risk Factors
• Climate change and related environmental issues could have a material adverse impact on our business, financial condition, and results of operations
• We may be affected by market or regulatory responses to climate change
• We may be unable to achieve our current or future climate commitments and targets, or we may incur substantial costs in meeting such targets
• Public health emergencies, epidemics, or pandemics impact our business
• Terrorist attacks, wars, conflicts, and other catastrophic events could disrupt our operations and services

Filings

Other Industrials companies