Emcor Group Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Emcor Group Inc reported revenue of $17.0B (+16.6% year on year) and net income of $1.3B (+26.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $17.0B | $14.6B | $12.6B | $11.1B |
| Cost of sales | $13.7B | $11.8B | $10.5B | $9.5B |
| Gross profit | $3.3B | $2.8B | $2.1B | $1.6B |
| Selling, general and administrative expenses | $1.7B | $1.4B | $1.2B | $1.0B |
| Gain on sale of United Kingdom operations | $144.9M | — | — | — |
| Impairment loss on long-lived assets | $0 | $0 | $2.4M | $0 |
| Operating income | $1.7B | $1.3B | $875.8M | $564.9M |
| Net periodic pension income (cost) | $211.0K | $894.0K | ($1.1M) | $4.3M |
| Interest expense | ($12.0M) | ($3.8M) | ($17.2M) | ($13.2M) |
| Interest income | $20.0M | $35.4M | $15.4M | $2.8M |
| Income before income taxes | $1.7B | $1.4B | $872.9M | $558.8M |
| Income tax provision | $448.8M | $370.2M | $239.5M | $152.6M |
| Net income including noncontrolling interests | $1.3B | $1.0B | $633.3M | $406.1M |
| Net income attributable to noncontrolling interests | $0 | $0 | $335.0K | $0 |
| Net income attributable to EMCOR Group, Inc. (in US dollars) | $1.3B | $1.0B | $633.0M | $406.1M |
| Basic earnings per common share (in US dollars per share) | $28.30 | $21.61 | $13.37 | $8.13 |
| Diluted earnings per common share (in US dollars per share) | $28.19 | $21.52 | $13.31 | $8.10 |
| Dividends declared per common share (in US dollars per share) | $1.00 | $0.93 | $0.69 | $0.54 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenues | $5.2B | $4.6B | $4.3B | $4.3B |
| Cost of sales | $4.1B | $3.8B | $3.5B | $3.5B |
| Gross profit | $1.0B | $864.0M | $835.3M | $833.8M |
| Selling, general and administrative expenses | $475.0M | $460.1M | $429.6M | $418.6M |
| Operating income | $547.3M | $403.8M | $405.7M | $415.2M |
| Net periodic pension income | $0 | $0 | $56.0K | $55.0K |
| Interest income (expense), net | $4.3M | $6.2M | $1.8M | ($3.2M) |
| Income before income taxes | $551.7M | $410.1M | $407.6M | $412.0M |
| Income tax provision | $148.0M | $104.6M | $112.2M | $109.9M |
| Net income (in US dollars) | $403.7M | $305.5M | $295.4M | $302.2M |
| Basic earnings per common share (in US dollars per share) | $9.09 | $6.85 | $6.59 | $6.74 |
| Diluted earnings per common share (in US dollars per share) | $9.06 | $6.84 | $6.57 | $6.72 |
| Dividends declared per common share (in US dollars per share) | $0.40 | $0.40 | $0.25 | $0.25 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1B | $1.3B | $789.8M | $456.4M |
| Accounts receivable, less allowance for credit losses of $22,757 and $34,957, respectively | $4.2B | $3.6B | $3.2B | $2.6B |
| Contract assets | $337.7M | $284.8M | $269.9M | $273.2M |
| Inventories | $126.3M | $95.7M | $110.8M | $85.6M |
| Prepaid expenses and other | $120.2M | $91.6M | $73.1M | $79.3M |
| Total current assets | $5.9B | $5.4B | $4.4B | $3.5B |
| Property, plant, and equipment, net | $253.3M | $207.5M | $179.4M | $157.8M |
| Operating lease right-of-use assets | $439.0M | $316.1M | $310.5M | $268.1M |
| Goodwill | $1.4B | $1.0B | $956.5M | $919.2M |
| Identifiable intangible assets, net | $1.1B | $648.2M | $586.0M | $594.0M |
| Other assets | $140.5M | $137.1M | $130.3M | $123.6M |
| Total assets | $9.3B | $7.7B | $6.6B | $5.5B |
| Accounts payable | $1.2B | $937.1M | $936.0M | $849.3M |
| Contract liabilities | $2.3B | $2.0B | $1.6B | $1.1B |
| Accrued payroll and benefits | $870.2M | $751.4M | $596.9M | $465.0M |
| Other accrued expenses and liabilities | $340.8M | $336.6M | $312.6M | $258.2M |
| Operating lease liabilities, current | $99.2M | $81.2M | $75.2M | $67.2M |
| Total current liabilities | $4.9B | $4.2B | $3.5B | $2.8B |
| Operating lease liabilities, long-term | $369.0M | $261.6M | $259.4M | $220.8M |
| Other long-term obligations | $382.5M | $362.3M | $358.3M | $344.4M |
| Total liabilities | $5.6B | $4.8B | $4.1B | $3.6B |
| Preferred stock, $0.10 par value, 1,000,000 shares authorized, zero issued and outstanding | 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 | 613.0K | 612.0K | 611.0K | 609.0K |
| Capital surplus | $101.3M | $97.5M | $91.8M | $74.8M |
| Accumulated other comprehensive loss | ($1.9M) | ($85.5M) | ($85.7M) | ($93.5M) |
| Retained earnings | $6.0B | $4.8B | $3.8B | $3.2B |
| Treasury stock, at cost 16,732,232 and 15,375,963 shares, respectively | -2.4B | -1.9B | -1.4B | -1.2B |
| Total EMCOR Group, Inc. stockholders’ equity | $3.7B | $2.9B | $2.5B | $2.0B |
| Noncontrolling interests | $1.0M | $1.0M | $1.0M | $702.0K |
| Total equity | $3.7B | $2.9B | $2.5B | $2.0B |
| Total liabilities and equity | $9.3B | $7.7B | $6.6B | $5.5B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $924.4M | $916.4M | $655.1M | $486.0M |
| Accounts receivable, less allowance for credit losses of $25,008 and $22,757, respectively | $5.1B | $4.5B | $4.1B | $4.1B |
| Contract assets | $400.5M | $377.3M | $313.9M | $348.0M |
| Inventories | $153.7M | $130.2M | $105.4M | $108.2M |
| Prepaid expenses and other | $94.8M | $100.6M | $117.4M | $119.6M |
| Total current assets | $6.7B | $6.1B | $5.5B | $5.2B |
| Property, plant, and equipment, net | $278.6M | $264.7M | $235.5M | $241.9M |
| Operating lease right-of-use assets | $509.5M | $478.6M | $397.5M | $393.0M |
| Goodwill | $1.5B | $1.4B | $1.4B | $1.4B |
| Identifiable intangible assets, net | $1.1B | $1.1B | $1.1B | $1.1B |
| Other assets | $161.3M | $166.5M | $133.3M | $155.0M |
| Total assets | $10.2B | $9.5B | $8.6B | $8.4B |
| Accounts payable | $1.3B | $1.1B | $1.0B | $1.1B |
| Contract liabilities | $2.6B | $2.4B | $2.1B | $2.1B |
| Accrued payroll and benefits | $866.2M | $710.0M | $885.1M | $724.3M |
| Other accrued expenses and liabilities | $393.3M | $443.1M | $277.7M | $326.6M |
| Operating lease liabilities, current | $105.7M | $102.3M | $95.8M | $92.0M |
| Total current liabilities | $5.2B | $4.8B | $4.6B | $4.4B |
| Operating lease liabilities, long-term | $436.3M | $408.1M | $328.8M | $328.1M |
| Other long-term obligations | $415.7M | $410.9M | $395.5M | $374.2M |
| Total liabilities | $6.1B | $5.6B | $5.3B | $5.3B |
| Preferred stock, $0.10 par value, 1,000,000 shares authorized, zero issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value, 200,000,000 shares authorized, 61,304,446 and 61,252,599 shares issued, respectively | 613.0K | 613.0K | 612.0K | 612.0K |
| Capital surplus | $98.1M | $94.0M | $100.2M | $97.1M |
| Accumulated other comprehensive loss | ($1.9M) | ($1.9M) | ($71.5M) | ($68.0M) |
| Retained earnings | $6.7B | $6.3B | $5.6B | $5.3B |
| Treasury stock, at cost 17,064,399 and 16,732,232 shares, respectively | -2.7B | -2.5B | -2.3B | -2.3B |
| Total EMCOR Group, Inc. stockholders' equity | $4.1B | $3.9B | $3.3B | $3.1B |
| Noncontrolling interests | $1.0M | $1.0M | $1.1M | $2.0M |
| Total equity | $4.1B | $3.9B | $3.3B | $3.1B |
| Total liabilities and equity | $10.2B | $9.5B | $8.6B | $8.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income including noncontrolling interests | $1.3B | $1.0B | $633.3M | $406.1M |
| Depreciation and amortization | $67.4M | $56.7M | $51.8M | $47.3M |
| Amortization of identifiable intangible assets | $119.1M | $77.0M | $67.1M | $61.3M |
| Provision for credit losses | $7.7M | $17.3M | $7.9M | $5.2M |
| Deferred income taxes | ($16.1M) | ($29.1M) | ($16.7M) | $10.5M |
| Gain on sale of United Kingdom operations | ($144.9M) | — | — | — |
| Gain on sale or disposal of property, plant, and equipment | ($2.2M) | ($1.0M) | ($2.1M) | ($6.4M) |
| Excess tax benefits from share-based compensation | ($5.0M) | ($4.0M) | ($1.7M) | ($1.7M) |
| Equity income from unconsolidated entities | ($62.0K) | ($98.0K) | ($1.7M) | ($391.0K) |
| Non-cash expense for amortization of debt issuance costs | $822.0K | $822.0K | $960.0K | $960.0K |
| Non-cash (income) expense from contingent consideration arrangements | ($534.0K) | $8.9M | $2.3M | $1.6M |
| Non-cash expense for impairment of long-lived assets | $0 | $0 | $2.4M | — |
| Non-cash share-based compensation expense | $20.6M | $20.0M | $13.7M | $12.1M |
| Distributions from unconsolidated entities | $251.0K | $1.6M | $400.0K | $400.0K |
| Increase in accounts receivable | ($437.8M) | ($311.5M) | ($626.5M) | ($340.1M) |
| (Increase) decrease in inventories | ($27.0M) | $18.0M | ($23.4M) | ($31.5M) |
| (Increase) decrease in contract assets | ($42.8M) | ($13.3M) | $5.7M | ($44.7M) |
| Increase (decrease) in accounts payable | $189.3M | ($15.4M) | $82.2M | $111.5M |
| Increase in contract liabilities | $155.6M | $426.6M | $489.7M | $299.9M |
| Increase in accrued payroll and benefits and other accrued expenses and liabilities | $141.2M | $148.5M | $189.3M | ($30.0M) |
| Changes in other assets and liabilities, net | $3.6M | ($193.0K) | $24.9M | ($4.1M) |
| Net cash provided by operating activities | $1.3B | $1.4B | $899.7M | $497.9M |
| Payments for acquisitions of businesses, net of cash acquired | ($1.0B) | ($228.2M) | ($96.5M) | ($98.7M) |
| Net proceeds from sale of United Kingdom operations | $256.6M | — | — | — |
| Proceeds from sale or disposal of property, plant, and equipment | $4.6M | $3.8M | $13.6M | $7.1M |
| Purchases of property, plant, and equipment | ($112.8M) | ($75.0M) | ($78.4M) | ($49.3M) |
| Net cash used in investing activities | ($873.6M) | ($299.3M) | ($161.3M) | ($140.8M) |
| Proceeds from revolving credit facility | $525.0M | $0 | $200.0M | $270.0M |
| Repayments of revolving credit facility | ($525.0M) | $0 | ($200.0M) | ($270.0M) |
| Repayments of long-term debt and debt issuance costs | $0 | $0 | ($246.2M) | ($13.9M) |
| Repayments of finance lease liabilities | ($2.7M) | ($2.9M) | ($2.8M) | ($3.6M) |
| Dividends paid to stockholders | ($45.0M) | ($43.4M) | ($32.7M) | ($27.2M) |
| Repurchases of common stock | ($586.3M) | ($489.8M) | ($127.7M) | ($660.6M) |
| Taxes paid related to net share settlements of equity awards | ($16.8M) | ($15.4M) | ($6.1M) | ($7.5M) |
| Issuances of common stock under employee stock purchase plan | $0 | $943.0K | $9.2M | $8.2M |
| Payments for contingent consideration arrangements | ($12.0M) | ($4.9M) | ($5.8M) | ($5.5M) |
| Distributions to noncontrolling interests | ($934.0K) | — | $0 | $0 |
| Net cash used in financing activities | ($663.8M) | ($555.4M) | ($412.1M) | ($710.1M) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $6.9M | ($2.6M) | $6.4M | ($12.5M) |
| (Decrease) increase in cash, cash equivalents, and restricted cash | ($228.4M) | $550.6M | $332.7M | ($365.5M) |
| Cash, cash equivalents, and restricted cash at beginning of year (1) | $1.3B | $789.8M | $457.1M | $822.6M |
| Cash, cash equivalents, and restricted cash at end of period (1) | $1.1B | $1.3B | $789.8M | $457.1M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $709.2M | $305.5M | $838.2M | $542.8M |
| Depreciation and amortization | $37.8M | $18.4M | $49.4M | $32.1M |
| Amortization of identifiable intangible assets | $69.1M | $34.2M | $87.0M | $56.5M |
| Provision for credit losses | $4.6M | $395.0K | $5.4M | $9.0M |
| Deferred income taxes | ($11.1M) | ($7.0M) | — | — |
| Excess tax benefits from share-based compensation | ($7.8M) | ($6.0M) | — | — |
| Non-cash share-based compensation expense | $15.0M | $10.6M | $16.7M | $13.1M |
| Other reconciling items | ($834.0K) | ($650.0K) | $2.6M | ($4.4M) |
| Changes in operating assets and liabilities, excluding the effect of businesses acquired | ($525.9M) | ($354.8M) | ($221.7M) | ($346.9M) |
| Net cash provided by operating activities | $289.9M | $558.0K | $777.7M | $302.2M |
| Payments for acquisitions of businesses, net of cash acquired | ($95.0M) | ($43.7M) | ($900.5M) | ($887.2M) |
| Proceeds from sale or disposal of property, plant, and equipment | $2.1M | $636.0K | $3.6M | $2.6M |
| Purchases of property, plant, and equipment | ($59.9M) | ($28.7M) | ($80.8M) | ($54.2M) |
| Net cash used in investing activities | ($152.8M) | ($71.8M) | ($977.7M) | ($938.8M) |
| Proceeds from revolving credit facility | $0 | $0 | $525.0M | $525.0M |
| Repayments of revolving credit facility | $0 | — | ($525.0M) | ($275.0M) |
| Repayments of finance lease liabilities | ($1.3M) | ($646.0K) | ($2.1M) | ($1.4M) |
| Dividends paid to stockholders | ($35.6M) | ($17.8M) | ($33.8M) | ($22.6M) |
| Repurchases of common stock | ($268.5M) | ($87.1M) | ($432.2M) | ($432.2M) |
| Taxes paid related to net share settlements of equity awards | ($18.3M) | ($18.0M) | ($14.1M) | ($13.5M) |
| Payments for contingent consideration arrangements | ($996.0K) | ($809.0K) | ($12.0M) | ($11.3M) |
| Net cash used in financing activities | ($324.7M) | ($124.4M) | ($495.0M) | ($231.1M) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $0 | $0 | $11.0M | $14.6M |
| Decrease in cash, cash equivalents, and restricted cash | ($187.6M) | ($195.5M) | ($684.1M) | ($853.2M) |
| Cash, cash equivalents, and restricted cash at beginning of year (1) | $1.1B | $1.1B | $1.3B | $1.3B |
| Cash, cash equivalents, and restricted cash at end of period (2) | $924.4M | $916.4M | $656.3M | $487.2M |
Emcor Group Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.