EMCOR Group, Inc.
Business
EMCOR Group is one of the largest specialty contractors in the United States providing electrical and mechanical construction and facilities services, building services, and industrial services. The company offers comprehensive solutions including design, installation, maintenance, and operation of electrical and mechanical systems across commercial, manufacturing, industrial, healthcare, utility, and institutional facilities. EMCOR operates approximately 100 subsidiaries organized into four reportable segments: electrical construction and facilities services, mechanical construction and facilities services, building services, and industrial services, serving customers through both direct contracts and subcontracting arrangements primarily in the United States.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 16,986 | 14,566 | 12,583 | 11,076 | 9,904 | |
| Cost of sales | 13,703 | 11,801 | 10,494 | 9,473 | 8,402 | |
| Gross profit | 3,283 | 2,765 | 2,089 | 1,604 | 1,502 | |
| Selling, general and administrative expenses | 1,714 | 1,420 | 1,211 | 1,039 | 971 | |
| Gain on sale of United Kingdom operations | 145 | 0 | 0 | — | — | |
| Impairment loss on long-lived assets | 0 | 0 | 2 | 0 | 0 | |
| Operating income | 1,713 | 1,345 | 876 | 565 | 531 | |
| Net periodic pension income (cost) | 211,000 | 894,000 | −1 | 4 | 4 | |
| Interest expense | −12 | −4 | −17 | −13 | −6 | |
| Interest income | 20 | 35 | 15 | 3 | 949,000 | |
| Income before income taxes | 1,722 | 1,377 | 873 | 559 | 529 | |
| Income tax provision | 449 | 370 | 240 | 153 | 146 | |
| Net income including noncontrolling interests | 1,273 | 1,007 | 633 | 406 | 384 | |
| Net income attributable to noncontrolling interests | 0 | 0 | 335,000 | 0 | 169,000 | |
| Net income attributable to EMCOR Group, Inc. (in US dollars) | 1,273 | 1,007 | 633 | 406 | 384 | |
| Basic earnings per common share (in US dollars per share) | 28.3 | 21.61 | 13.37 | 8.13 | 7.09 | |
| Diluted earnings per common share (in US dollars per share) | 28.19 | 21.52 | 13.31 | 8.1 | 7.06 | |
| Dividends declared per common share (in US dollars per share) | 1 | 0.93 | 0.69 | 0.54 | 0.52 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,112 | 1,340 | 790 | 456 | 821 | |
| Accounts receivable, less allowance for credit losses of $22,757 and $34,957, respectively | 4,240 | 3,580 | 3,204 | 2,567 | 2,205 | |
| Contract assets | 338 | 285 | 270 | 273 | 230 | |
| Inventories | 126 | 96 | 111 | 86 | 54 | |
| Prepaid expenses and other | 120 | 92 | 73 | 79 | 81 | |
| Total current assets | 5,937 | 5,389 | 4,447 | 3,462 | 3,391 | |
| Property, plant, and equipment, net | 253 | 207 | 179 | 158 | 152 | |
| Operating lease right-of-use assets | 439 | 316 | 310 | 268 | 261 | |
| Goodwill | 1,410 | 1,020 | 957 | 919 | 890 | |
| Identifiable intangible assets, net | 1,109 | 648 | 586 | 594 | 589 | |
| Other assets | 141 | 137 | 130 | 124 | 158 | |
| Total assets | 9,291 | 7,716 | 6,610 | 5,525 | 5,441 | |
| Accounts payable | 1,227 | 937 | 936 | 849 | 734 | |
| Contract liabilities | 2,327 | 2,048 | 1,595 | 1,098 | 788 | |
| Accrued payroll and benefits | 870 | 751 | 597 | 465 | 491 | |
| Other accrued expenses and liabilities | 341 | 337 | 315 | 258 | 274 | |
| Operating lease liabilities, current | 99 | 81 | 75 | 67 | 58 | |
| Total current liabilities | 4,865 | 4,154 | 3,518 | 2,754 | 2,362 | |
| Operating lease liabilities, long-term | 369 | 262 | 259 | 221 | 221 | |
| Other long-term obligations | 382 | 362 | 361 | 344 | 360 | |
| Total liabilities | 5,616 | 4,778 | 4,139 | 3,550 | 3,188 | |
| Preferred stock, $0.10 par value, 1,000,000 shares authorized, zero issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value, 200,000,000 shares authorized, 61,252,599 and 61,186,088 shares issued, respectively | 613,000 | 612,000 | 611,000 | 609,000 | 607,000 | |
| Capital surplus | 101 | 97 | 92 | 75 | 62 | |
| Accumulated other comprehensive loss | −2 | −86 | −86 | −93 | −84 | |
| Retained earnings | 6,006 | 4,778 | 3,814 | 3,214 | 2,836 | |
| Treasury stock, at cost 16,732,232 and 15,375,963 shares, respectively | −2,432 | −1,853 | −1,351 | −1,223 | −562 | |
| Total EMCOR Group, Inc. stockholders equity | 3,674 | 2,938 | 2,470 | 1,974 | 2,252 | |
| Noncontrolling interests | 1 | 1 | 1 | 702,000 | 702,000 | |
| Total equity | 3,675 | 2,939 | 2,471 | 1,974 | 2,253 | |
| Total liabilities and equity | 9,291 | 7,716 | 6,610 | 5,525 | 5,441 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 67 | 57 | 52 | 47 | 48 | |
| Amortization of identifiable intangible assets | 119 | 77 | 67 | 61 | 64 | |
| Provision for credit losses | 8 | 17 | 8 | 5 | 8 | |
| Deferred income taxes | −16 | −29 | −17 | 10 | 10 | |
| Gain on sale or disposal of property, plant, and equipment | −2 | −1 | −2 | −6 | −782,000 | |
| Excess tax benefits from share-based compensation | −5 | −4 | −2 | −2 | −800,000 | |
| Equity income from unconsolidated entities | −62,000 | −98,000 | −2 | −391,000 | 1 | |
| Non-cash expense for amortization of debt issuance costs | 822,000 | 822,000 | 960,000 | 960,000 | 960,000 | |
| Non-cash (income) expense from contingent consideration arrangements | −534,000 | 9 | 2 | 2 | 2 | |
| Non-cash share-based compensation expense | 21 | 20 | 14 | 12 | 11 | |
| Distributions from unconsolidated entities | 251,000 | 2 | 400,000 | 400,000 | 44,000 | |
| Increase in accounts receivable | −438 | −312 | −626 | −340 | −247 | |
| (Increase) decrease in inventories | −27 | 18 | −23 | −32 | −116,000 | |
| (Increase) decrease in contract assets | −43 | −13 | 6 | −45 | −51 | |
| Increase (decrease) in accounts payable | 189 | −15 | 82 | 111 | 55 | |
| Increase in contract liabilities | 156 | 427 | 490 | 300 | 45 | |
| Increase in accrued payroll and benefits and other accrued expenses and liabilities | 141 | 148 | 189 | −30 | 47 | |
| Changes in other assets and liabilities, net | 4 | −193,000 | 25 | −4 | −57 | |
| Net cash provided by operating activities | 1,302 | 1,408 | 900 | 498 | 319 | |
| Payments for acquisitions of businesses, net of cash acquired | −1,022 | −228 | −96 | −99 | −118 | |
| Net proceeds from sale of United Kingdom operations | 257 | 0 | 0 | — | — | |
| Proceeds from sale or disposal of property, plant, and equipment | 5 | 4 | 14 | 7 | 3 | |
| Purchases of property, plant, and equipment | −113 | −75 | −78 | −49 | −36 | |
| Net cash used in investing activities | −874 | −299 | −161 | −141 | −153 | |
| Proceeds from revolving credit facility | 525 | 0 | 200 | 270 | 0 | |
| Repayments of revolving credit facility | −525 | 0 | −200 | −270 | 0 | |
| Repayments of long-term debt and debt issuance costs | 0 | 0 | −246 | −14 | −14 | |
| Repayments of finance lease liabilities | −3 | −3 | −3 | −4 | −4 | |
| Dividends paid to stockholders | −45 | −43 | −33 | −27 | −28 | |
| Repurchases of common stock | −586 | −490 | −128 | −661 | −196 | |
| Taxes paid related to net share settlements of equity awards | −17 | −15 | −6 | −8 | −4 | |
| Issuances of common stock under employee stock purchase plan | 0 | 943,000 | 9 | 8 | 7 | |
| Payments for contingent consideration arrangements | −12 | −5 | −6 | −6 | −7 | |
| Distributions to noncontrolling interests | −934,000 | 0 | 0 | 0 | −43,000 | |
| Net cash used in financing activities | −664 | −555 | −412 | −710 | −245 | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 7 | −3 | 6 | −13 | −1 | |
| (Decrease) increase in cash, cash equivalents, and restricted cash | −228 | 551 | 333 | −366 | −81 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is EMCOR Group, Inc.'s CIK number?
EMCOR Group, Inc.'s SEC CIK number is 0000105634 (105634). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find EMCOR Group, Inc.'s SEC filings?
All of EMCOR Group, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did EMCOR Group, Inc. last report earnings?
EMCOR Group, Inc. (EME) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000105634-26-000048). This is EMCOR Group, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is EMCOR Group, Inc.'s most recent earnings 8-K?
EMCOR Group, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0000105634-26-000048. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View EMCOR Group, Inc.'s latest earnings 8-K →
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