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Earnings transcript
Read the complete earnings call transcript.
EME
EMCOR Group, Inc.
$827.78
3.99
(0.48%)
| Exchange: | NYSE |
| Market Cap: | 36.863B |
| Shares Outstanding: | 37.731M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Engineering & Construction | |||||
| CEO: | Anthony J. Guzzi | |||||
| Full Time Employees: | 40400 | |||||
| Address: |
| |||||
| Website: | https://www.emcorgroup.com |
EMCOR Group, Inc. specializes in delivering comprehensive electrical and mechanical construction services, alongside integrated facilities management solutions, primarily serving clients across the United States and the United Kingdom. The company’s construction expertise spans the entire project lifecycle, encompassing initial design and integration through installation, commissioning, operation, and ongoing maintenance. This includes vital electrical infrastructure such as power transmission, distribution, and generation systems, advanced energy efficiency solutions, and premise-specific electrical and lighting systems. They also implement sophisticated process instrumentation for critical industries like refining, chemical processing, and food production, in addition to low-voltage networks covering fire alarms, security, process controls, and voice/data communications. Furthermore, EMCOR handles public infrastructure projects involving roadway and transit lighting, signaling, and fiber optic lines. On the mechanical front, EMCOR offers advanced HVAC, refrigeration, and geothermal climate control systems, specialized clean-room process ventilation, and essential fire protection and suppression systems. Their capabilities extend to plumbing, process, and high-purity piping, various controls and filtration systems, water and wastewater treatment, and central plant heating and cooling. The firm also undertakes heavy industrial tasks such as crane and rigging, millwright services, and steel fabrication, erection, and welding. Beyond construction, EMCOR provides extensive integrated facilities management and operational support. This encompasses day-to-day operations and maintenance for commercial and government sites, critical outage services for utilities and industrial plants, military base support, and mobile mechanical maintenance. Supplementary services include indoor air quality management, janitorial and landscaping duties, vendor coordination, call center operations, building systems installation and support, program management for energy systems, technical consulting, and the execution of infrastructure, building, and retrofit projects. The company also delivers specialized industrial services tailored for the oil, gas, and petrochemical sectors. EMCOR Group, Inc. was established in 1987 and maintains its headquarters in Norwalk, Connecticut.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 12,582,873 | 14,566,116 | 16,990,000 |
| Gross Profit | 2,089,339 | 2,765,051 | 3,327,400 |
| EBITDA | 1,009,017 | 1,514,841 | 1,989,200 |
| Operating Income | 875,756 | 1,344,863 | 1,671,300 |
| Net Income | 632,994 | 1,007,145 | 1,270,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 6,609,721 | 7,716,473 | 9,291,399 |
| Total Liabilities | 4,138,906 | 4,777,779 | 5,616,418 |
| Total Stockholders Equity | 2,469,778 | 2,937,657 | 3,673,944 |
| Total Debt | 345,272 | 348,917 | 850,691 |
| Cash and Cash Equivalents | 789,750 | 1,339,550 | 1,111,968 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 899,655 | 1,407,894 | 1,302,063 |
| Capital Expenditure | -78,404 | -74,950 | -112,750 |
| Free Cash Flow | 821,251 | 1,332,944 | 1,189,313 |
| Net Income | 633,329 | 1,007,145 | 1,272,817 |
| Net Change in Cash | 332,682 | 550,645 | -228,427 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 24,741,320.384 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 26,458,648.916 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 25,584,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,118,468.344 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,265,514.099 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,190,622.540 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,144,455.128 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,339,957.101 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 2,240,386.279 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 2,390,277.354 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 2,556,189.740 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 2,471,689.258 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 49.730 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 51.940 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 47.600 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Financial Performance: EMCOR Group reported a record second quarter in 2025, as highlighted in the earnings call transcript, with strong revenue and net income figures. This performance underscores robust operational efficiency and effective cost management, positioning EME as a leader in its sector.
- Solid Cash Flow Generation: Analysis of the cash flow statements indicates consistent net cash provided by operating activities and positive free cash flow. This financial health supports reinvestment in growth initiatives and resilience against economic fluctuations.
- Strong Industry Positioning: EME benefits from operating in a competitive industry and sector, as evidenced by performance metrics showing favorable comparisons to industry averages over multiple time frames (1 week to 5 years). This suggests a strong market presence and operational stability.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates EME intrinsic value between $419.01 – $419.44 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about EME valuation
Is EMCOR Group, Inc. (EME) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for EMCOR Group, Inc. (EME) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is EME a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether EME trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is EME’s P/E ratio?
You can see EME’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for EME?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is EME a good long-term investment?
Whether EME fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
EME
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Daily snapshot
0.48
Trading Metrics:
| Open: | 831.76 | Previous Close: | 823.79 | |
| Day Low: | 799.42 | Day High: | 845.99 | |
| Year Low: | 455.14 | Year High: | 951.96 | |
| Price Avg 50: | 843.62 | Price Avg 200: | 717.23 | |
| Volume: | 284928 | Average Volume: | 361450 |
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Login — it's freeEME full analysis
Welcome to MARKETSNAP’s SWOT analysis for EMCOR Group, a powerhouse in the construction and facilities services space. If you’re not familiar with EMCOR Group (ticker: EME), let me give you the quick rundown. They’re a leading provider of mechanical and electrical construction, industrial and energy infrastructure, and building services, operating across a wide range of sectors like commercial, industrial, and institutional. Headquartered in the U.S., they’ve got a massive footprint with thousands of employees and a solid market position in…
