EMCOR Group, Inc. Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| Numerator: | |||||||||||||||||
| Net income attributable to EMCOR Group, Inc. | $ | 1,272,817 | $ | 1,007,145 | $ | 632,994 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted average shares outstanding used to compute basic earnings per common share | 44,982,102 | 46,616,079 | 47,358,467 | ||||||||||||||
| Effect of dilutive securities—Share-based awards | 163,665 | 192,214 | 205,791 | ||||||||||||||
| Shares used to compute diluted earnings per common share | 45,145,767 | 46,808,293 | 47,564,258 | ||||||||||||||
| Basic earnings per common share | $ | 28.30 | $ | 21.61 | $ | 13.37 | |||||||||||
| Diluted earnings per common share | $ | 28.19 | $ | 21.52 | $ | 13.31 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 21, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 25, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.