Emcor Group, Inc.

Industrials
Engineering & Construction
www.emcorgroup.com

Earnings Score
Moat Score

Market Cap $19.68B
PE 19
Debt -
Cash $576.70M
EV -
FCF $1.30B

Earnings

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Sales & Net Margins

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Earnings	$1.05B
EBIT	$1.44B
ROE	36%
ROA	18%
FCF	$1.30B
Equity	$2.95B
Growth Stability	48%
PE	18.73
PEG	0.36
PB	6.67
P/FCF	15.1
P/S	1.31
Price/Cash	0.03
Net Margins	6%
Gross Margins	19%
Op. Margins	10%
Earnings CAGR	19%
Sales Growth YoY	13%
Sales Growth QoQ	3%
Sales CAGR	8%
FCF CAGR	19%
Equity CAGR	6%
Earnings Stability	0.65
Earnings Growth YoY	22%
Earnings Growth QoQ	-18%

Earnings CAGR 5Y	52%
Sales CAGR 5Y	13%
FCF CAGR 5Y	22%
Equity CAGR 5Y	8%
Earnings CAGR 3Y	15%
Sales CAGR 3Y	15%
FCF CAGR 3Y	79%
Equity CAGR 3Y	20%
Market Cap	$19.68B
Revenue	$15.00B
Dividend Yield	0%
Payout Ratio	4%
Assets	$8.08B
Cash	$576.70M
Shares Outstanding	45.33M
Earnings Score	89%
Moat Score	93%
Working Capital	688.72M
Current Ratio	1.16
Gross Profit	$2.90B
Shares Growth 3y	-2%
Equity Growth QoQ	0%
Equity Growth YoY	13%

Assets & ROA

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Stockholders Equity & ROE

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EMCOR Group Inc is one of the largest electrical, mechanical, construction, and facilities services firms in the United States. It provides a wide range of services, including the installation of electrical distribution systems, voice & data communication systems, and environmental controls within buildings. The company's services are provided to a broad range of commercial, industrial, utility, and institutional customers. Emcor Group enters contracts for large installation projects in the multimillion-dollar range, or smaller projects involving renovations and retrofit work. It also operates as a subcontractor to general contractors, systems suppliers, and property managers. It generates sales primarily in the United States, but the company does offer services United kingdom.

SEC Filings

Direct access to Emcor Group, Inc. (EME) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Emcor Group, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Emcor Group, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 19%

Stability 65%

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Emcor Group, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Emcor Group, Inc..

Years

Calculation mode

= $50B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.3B	$1.6B	$1.9B	$2.2B	$2.6B	$3.1B	$3.8B	$4.5B	$5.3B	$6.4B	$7.6B	$76B
DCF		$1.4B	$1.5B	$1.7B	$1.8B	$2B	$2.1B	$2.3B	$2.5B	$2.7B	$2.9B	$29B
Value	$50B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	3%	2%	3%	3%	4%	2%	4%	4%	5%	7%	6%
ROA	-	8%	8%	10%	10%	5%	10%	10%	13%	18%	18%
ROE	-	12%	14%	16%	16%	6%	17%	21%	26%	34%	36%

Bad Net Margins (6.22%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	1.82	0.94	1.3	0.96	0.36	0.93	0.55	0.01	-	-
Debt over Equity	0.2	0.27	0.19	0.17	0.14	0.13	0.12	0.13	0	-	-
Growth Stability	-	-	-	100%	100%	48%	100%	100%	100%	100%	48%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (48%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	12%	2%	6%	13%	-4%	13%	12%	14%	16%	13%
Earnings YoY growth	-	6%	25%	25%	15%	-59%	188%	6%	56%	59%	52%
Equity YoY growth	-	4%	9%	4%	18%	-0%	10%	-12%	25%	19%	8%
FCF YoY growth	-	-3%	47%	-31%	35%	147%	-63%	59%	83%	62%	22%