EMCOR Group (EME) Financials

$386.26 +2.53 (+0.66%)

As of 04/14/2025 03:58 PM Eastern

Annual Income Statements for EMCOR Group

This table shows EMCOR Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	172	182	227	284	325	133	384	406	633	1,007
Consolidated Net Income / (Loss)	173	182	227	284	325	133	384	406	633	1,007
Net Income / (Loss) Continuing Operations	173	185	228	286	325	133	384	406	633	1,007
Total Pre-Tax Income	279	296	319	395	451	252	529	559	873	1,377
Total Operating Income	287	307	329	403	461	257	531	565	876	1,345
Total Gross Profit	944	1,038	1,147	1,205	1,356	1,395	1,502	1,604	2,089	2,765
Total Revenue	6,719	7,552	7,687	8,131	9,175	8,797	9,904	11,076	12,583	14,566
Operating Revenue	6,719	7,552	7,687	8,131	9,175	8,797	9,904	11,076	12,583	14,566
Total Cost of Revenue	5,774	6,514	6,540	6,925	7,819	7,402	8,402	9,473	10,494	11,801
Operating Cost of Revenue	5,774	6,514	6,540	6,925	7,819	7,402	8,402	9,473	10,494	11,801
Total Operating Expenses	657	731	818	802	895	1,139	971	1,039	1,214	1,420
Selling, General & Admin Expense	657	727	759	799	893	904	971	1,039	1,211	1,420
Impairment Charge	0.00	2.43	58	0.91	0.00	233	0.00	0.00	2.35	0.00
Total Other Income / (Expense), net	-8.26	-10	-10	-8.06	-10	-4.51	-1.50	-6.13	-2.90	33
Interest Expense	8.93	13	13	14	14	9.01	6.07	13	17	3.78
Interest & Investment Income	0.67	0.66	0.97	2.75	2.27	1.52	0.95	2.76	15	35
Other Income / (Expense), net	-	1.53	1.65	2.74	1.55	2.98	3.63	4.31	-1.12	0.89
Income Tax Expense	106	111	91	109	126	119	146	153	240	370
Net Income / (Loss) Attributable to Noncontrolling Interest	0.22	0.22	-0.00	0.05	0.00	0.00	0.17	0.00	0.34	0.00
Basic Earnings per Share	$2.74	$3.00	$3.84	$4.88	$5.78	$2.41	$7.09	$8.13	$13.37	$21.61
Weighted Average Basic Shares Outstanding	62.79M	60.77M	59.25M	58.11M	56.26M	109.59M	52.67M	47.69M	47.06M	45.47M
Diluted Earnings per Share	$2.72	$2.97	$3.82	$4.85	$5.75	$2.40	$7.06	$8.10	$13.31	$21.52
Weighted Average Diluted Shares Outstanding	62.79M	60.77M	59.25M	58.11M	56.26M	109.59M	52.67M	47.69M	47.06M	45.47M
Weighted Average Basic & Diluted Shares Outstanding	62.79M	60.77M	59.25M	58.11M	56.26M	109.59M	52.67M	47.69M	47.06M	45.47M
Cash Dividends to Common per Share	$0.32	$0.32	$0.32	$0.32	$0.32	$0.32	$0.52	$0.54	$0.69	$0.93

This table shows EMCOR Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	106	126	111	141	169	212	197	248	270	292
Consolidated Net Income / (Loss)	106	126	111	141	170	212	197	248	270	292
Net Income / (Loss) Continuing Operations	106	126	111	141	170	212	197	248	270	292
Total Pre-Tax Income	148	174	153	194	235	292	268	339	372	398
Total Operating Income	150	177	155	197	235	289	260	333	364	389
Total Gross Profit	413	455	436	490	545	618	589	684	735	757
Total Revenue	2,826	2,950	2,890	3,046	3,208	3,439	3,432	3,667	3,697	3,770
Operating Revenue	2,826	2,950	2,890	3,046	3,208	3,439	3,432	3,667	3,697	3,770
Total Cost of Revenue	2,413	2,495	2,454	2,556	2,662	2,821	2,843	2,983	2,962	3,013
Operating Cost of Revenue	2,413	2,495	2,454	2,556	2,662	2,821	2,843	2,983	2,962	3,013
Total Operating Expenses	263	278	281	293	310	329	329	351	371	368
Selling, General & Admin Expense	263	278	281	293	308	329	329	351	371	368
Total Other Income / (Expense), net	-2.17	-3.18	-2.11	-2.97	-0.37	2.55	7.76	6.33	8.54	9.89
Interest Expense	3.19	6.97	1.83	2.69	0.09	13	-7.54	-6.11	-8.31	26
Income Tax Expense	42	48	41	53	65	80	71	92	102	106
Basic Earnings per Share	$2.16	$2.59	$2.33	$2.97	$3.59	$4.48	$4.18	$5.27	$5.83	$6.33
Weighted Average Basic Shares Outstanding	47.66M	47.69M	47.55M	47.14M	47.04M	47.06M	47.00M	46.66M	46.00M	45.47M
Diluted Earnings per Share	$2.16	$2.56	$2.32	$2.95	$3.57	$4.47	$4.17	$5.25	$5.80	$6.30
Weighted Average Diluted Shares Outstanding	47.66M	47.69M	47.55M	47.14M	47.04M	47.06M	47.00M	46.66M	46.00M	45.47M
Weighted Average Basic & Diluted Shares Outstanding	47.66M	47.69M	47.55M	47.14M	47.04M	47.06M	47.00M	46.66M	46.00M	45.47M
Cash Dividends to Common per Share	$0.13	$0.15	$0.15	$0.18	$0.18	$0.18	$0.18	$0.25	$0.25	$0.25

This table details how cash moves in and out of EMCOR Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	55	-24	2.73	-103	-6.29	544	-81	-366	333	551
Net Cash From Operating Activities	267	262	366	271	356	806	319	498	900	1,408
Net Cash From Continuing Operating Activities	267	262	366	271	356	806	318	498	900	1,408
Net Income / (Loss) Continuing Operations	173	182	227	284	325	133	384	406	633	1,007
Consolidated Net Income / (Loss)	173	182	227	284	325	133	384	406	633	1,007
Depreciation Expense	36	39	40	38	44	47	48	47	52	57
Amortization Expense	39	42	50	44	49	61	65	62	68	78
Non-Cash Adjustments To Reconcile Net Income	-3.09	6.48	89	-16	4.38	255	-31	-34	27	29
Changes in Operating Assets and Liabilities, net	22	-7.40	-40	-79	-67	310	-148	16	119	237
Net Cash From Investing Activities	-60	-271	-138	-118	-345	-95	-153	-141	-161	-299
Net Cash From Continuing Investing Activities	-60	-271	-138	-118	-345	-95	-153	-141	-161	-299
Purchase of Property, Plant & Equipment	-35	-40	-35	-43	-48	-48	-36	-49	-78	-75
Acquisitions	-28	-233	-108	-76	-303	-50	-120	-99	-96	-228
Sale of Property, Plant & Equipment	3.85	2.02	4.01	1.24	5.49	3.46	2.75	7.15	14	3.84
Net Cash From Financing Activities	-149	-9.43	-228	-253	-19	-172	-245	-710	-412	-555
Net Cash From Continuing Financing Activities	-149	-9.43	-228	-253	-19	-172	-245	-710	-412	-555
Repayment of Debt	-20	-514	-117	-17	-45	-541	-18	-287	-449	-2.86
Repurchase of Common Equity	-104	-94	-93	-216	0.00	-113	-196	-661	-128	-490
Payment of Dividends	-30	-22	-19	-19	-18	-18	-28	-27	-33	-43
Issuance of Debt	0.00	620	0.00	0.00	50	500	0.00	270	200	0.00
Issuance of Common Equity	4.22	4.81	4.79	5.77	6.09	6.56	7.33	8.18	9.19	0.94
Other Financing Activities, net	1.23	-3.48	-4.48	-7.19	-12	-6.71	-11	-13	-12	-20
Effect of Exchange Rate Changes	-2.61	-6.68	3.24	-3.42	2.59	4.05	-1.28	-13	6.37	-2.60

This table details how cash moves in and out of EMCOR Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	141	52	-36	82	21	266	53	-34	229	304
Net Cash From Operating Activities	257	260	-85	300	261	424	132	280	526	469
Net Cash From Continuing Operating Activities	257	260	-85	300	261	424	132	280	526	469
Net Income / (Loss) Continuing Operations	106	126	111	141	170	212	197	248	270	292
Consolidated Net Income / (Loss)	106	126	111	141	170	212	197	248	270	292
Depreciation Expense	12	12	13	13	13	13	13	14	14	15
Amortization Expense	15	17	16	16	17	19	16	20	20	21
Non-Cash Adjustments To Reconcile Net Income	-0.11	-43	4.25	-0.40	5.34	18	14	4.79	2.48	8.46
Changes in Operating Assets and Liabilities, net	124	147	-229	130	56	162	-108	-6.90	219	133
Net Cash From Investing Activities	-70	-18	-25	-23	-86	-27	-19	-192	-33	-56
Net Cash From Continuing Investing Activities	-70	-18	-25	-23	-86	-27	-19	-192	-33	-56
Purchase of Property, Plant & Equipment	-11	-11	-23	-13	-20	-22	-20	-19	-18	-18
Acquisitions	-64	-7.58	-12	-11	-67	-6.75	-0.10	-173	-16	-39
Sale of Property, Plant & Equipment	5.86	0.25	9.58	0.93	1.50	1.59	0.94	0.72	1.11	1.07
Net Cash From Financing Activities	-38	-198	72	-198	-150	-136	-59	-122	-274	-100
Net Cash From Continuing Financing Activities	-38	-198	72	-198	-150	-136	-59	-122	-274	-100
Repayment of Debt	-0.85	-185	-0.78	-101	-143	-204	-0.77	-0.62	-0.75	-0.71
Repurchase of Common Equity	-202	-4.04	-16	-89	-	-22	-39	-110	-256	-84
Payment of Dividends	-6.42	-7.15	-7.15	-8.56	-8.48	-8.49	-8.47	-12	-12	-12
Other Financing Activities, net	-0.06	-3.73	-6.70	-1.62	-0.16	-3.42	-12	-0.12	-4.76	-3.73
Effect of Exchange Rate Changes	-8.78	8.03	2.24	3.62	-5.00	5.52	-1.14	0.21	8.30	-9.98

This table presents EMCOR Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	3,543	3,852	3,966	4,089	4,830	5,064	5,441	5,525	6,610	7,716
Total Current Assets	2,066	2,169	2,285	2,386	2,660	3,121	3,391	3,462	4,447	5,389
Cash & Equivalents	487	465	467	364	359	903	821	456	790	1,340
Accounts Receivable	1,360	1,495	1,608	1,774	2,031	1,922	2,205	2,567	3,203	3,578
Inventories, net	38	37	43	42	40	53	54	86	111	96
Prepaid Expenses	64	41	44	48	52	71	81	79	73	92
Other Current Assets	118	131	123	158	178	172	230	273	270	285
Plant, Property, & Equipment, net	122	128	127	134	156	158	152	158	179	207
Total Noncurrent Assets	1,355	1,555	1,554	1,568	2,014	1,784	1,898	1,905	1,983	2,120
Goodwill	843	980	965	991	1,064	852	890	919	957	1,018
Intangible Assets	473	487	495	488	611	583	589	594	586	648
Other Noncurrent Operating Assets	30	80	92	89	339	350	419	392	441	453
Total Liabilities & Shareholders' Equity	3,543	3,852	3,966	4,089	4,830	5,064	5,441	5,525	6,610	7,716
Total Liabilities	2,063	2,314	2,292	2,347	2,773	3,011	3,188	3,550	4,139	4,778
Total Current Liabilities	1,412	1,512	1,651	1,734	1,939	2,163	2,362	2,754	3,518	4,154
Accounts Payable	488	501	568	652	665	672	734	849	936	937
Current Deferred Revenue	429	489	-	-	-	722	-	1,098	1,595	2,048
Current Employee Benefit Liabilities	268	311	323	343	383	451	491	465	597	751
Other Current Liabilities	209	196	745	723	873	301	1,063	325	390	418
Total Noncurrent Liabilities	650	803	641	613	834	847	827	797	621	624
Other Noncurrent Operating Liabilities	353	394	-	0.00	784	588	581	565	621	624
Total Equity & Noncontrolling Interests	1,480	1,538	1,674	1,741	2,058	2,053	2,253	1,974	2,471	2,939
Total Preferred & Common Equity	1,477	1,537	1,673	1,741	2,057	2,053	2,252	1,974	2,470	2,938
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,477	1,537	1,673	1,741	2,057	2,053	2,252	1,974	2,470	2,938
Common Stock	131	53	8.60	22	33	48	62	75	92	98
Retained Earnings	1,433	1,596	1,797	2,060	2,367	2,480	2,836	3,214	3,814	4,778
Treasury Stock	-10	-10	-38	-254	-254	-366	-562	-1,223	-1,351	-1,853
Accumulated Other Comprehensive Income / (Loss)	-77	-102	-94	-88	-89	-109	-84	-93	-86	-86
Noncontrolling Interest	3.35	0.85	0.85	0.90	0.65	0.58	0.70	0.70	1.04	1.04

This table presents EMCOR Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	5,439	5,641	5,908	6,224	6,687	7,073	7,322
Total Current Assets	3,379	3,562	3,810	4,069	4,508	4,741	5,006
Cash & Equivalents	404	420	503	524	841	807	1,036
Accounts Receivable	2,511	2,669	2,852	3,064	3,206	3,459	3,509
Inventories, net	102	100	106	115	114	104	94
Prepaid Expenses	64	70	59	57	80	77	71
Other Current Assets	299	303	289	309	268	294	297
Plant, Property, & Equipment, net	156	160	163	171	186	201	205
Total Noncurrent Assets	1,903	1,918	1,935	1,985	1,993	2,131	2,111
Goodwill	917	923	927	953	957	999	1,002
Intangible Assets	606	585	574	601	570	662	648
Other Noncurrent Operating Assets	381	410	433	430	466	470	461
Total Liabilities & Shareholders' Equity	5,439	5,641	5,908	6,224	6,687	7,073	7,322
Total Liabilities	3,596	3,575	3,790	3,944	4,072	4,327	4,563
Total Current Liabilities	2,639	2,661	2,949	3,233	3,431	3,673	3,925
Short-Term Debt	16	16	87	6.48	76	79	80
Accounts Payable	751	724	790	824	865	922	897
Current Employee Benefit Liabilities	514	386	444	554	478	584	754
Other Current Liabilities	1,358	1,536	1,629	359	2,013	2,088	2,194
Total Noncurrent Liabilities	958	913	840	711	640	654	638
Other Noncurrent Operating Liabilities	788	813	609	614	640	654	638
Total Equity & Noncontrolling Interests	1,842	2,066	2,118	2,280	2,615	2,746	2,759
Total Preferred & Common Equity	1,842	2,066	2,117	2,279	2,614	2,745	2,758
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,842	2,066	2,117	2,279	2,614	2,745	2,758
Common Stock	71	76	82	88	88	93	98
Retained Earnings	3,095	3,319	3,451	3,611	4,003	4,239	4,497
Treasury Stock	-1,223	-1,239	-1,329	-1,329	-1,391	-1,502	-1,761
Accumulated Other Comprehensive Income / (Loss)	-102	-91	-87	-91	-86	-86	-76
Noncontrolling Interest	0.70	0.70	0.70	1.04	1.04	1.04	1.04

This table displays calculated financial ratios and metrics derived from EMCOR Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.57%	12.40%	1.79%	5.77%	12.84%	-4.12%	12.58%	11.84%	13.60%	15.76%
EBITDA Growth	-0.85%	7.45%	7.87%	16.10%	13.89%	-33.87%	76.29%	4.78%	46.53%	48.84%
EBIT Growth	-0.96%	7.45%	7.16%	22.77%	13.95%	-43.82%	105.70%	6.50%	53.66%	53.86%
NOPAT Growth	-3.08%	7.96%	22.68%	23.98%	13.92%	-59.28%	184.36%	6.70%	54.77%	54.75%
Net Income Growth	-0.53%	5.59%	24.73%	24.82%	14.66%	-59.11%	188.62%	5.84%	55.95%	59.02%
EPS Growth	7.94%	9.19%	28.62%	26.96%	18.56%	-58.26%	194.17%	14.73%	64.32%	61.68%
Operating Cash Flow Growth	8.11%	-1.61%	39.52%	-25.96%	31.25%	126.70%	-60.46%	56.18%	80.68%	56.49%
Free Cash Flow Firm Growth	-18.59%	-98.05%	-3,602.17%	206.12%	292.15%	-16.85%	-87.29%	556.38%	81.32%	48.08%
Invested Capital Growth	-1.79%	14.45%	25.05%	7.84%	-11.93%	-19.25%	22.73%	0.79%	-4.76%	-4.87%
Revenue Q/Q Growth	0.95%	2.33%	0.82%	2.74%	0.37%	0.21%	3.76%	2.88%	4.05%	2.32%
EBITDA Q/Q Growth	2.78%	-2.15%	-4.94%	16.06%	2.12%	6.70%	1.59%	5.97%	12.96%	7.58%
EBIT Q/Q Growth	3.45%	-3.02%	-6.67%	20.38%	1.56%	8.98%	1.72%	7.25%	14.52%	8.05%
NOPAT Q/Q Growth	3.53%	-4.03%	5.29%	9.55%	1.57%	-4.01%	5.97%	6.97%	14.62%	8.28%
Net Income Q/Q Growth	4.38%	-5.29%	5.73%	9.57%	1.79%	-2.84%	6.05%	6.46%	15.55%	8.70%
EPS Q/Q Growth	5.84%	-4.19%	6.70%	9.98%	1.95%	0.00%	6.49%	9.02%	16.75%	9.29%
Operating Cash Flow Q/Q Growth	14.33%	-12.55%	-1.54%	39.97%	-6.89%	11.13%	-14.63%	12.34%	22.32%	3.36%
Free Cash Flow Firm Q/Q Growth	-3.77%	135.23%	-150.10%	63.95%	34.93%	206.82%	-72.49%	-22.71%	126.00%	10.44%
Invested Capital Q/Q Growth	-6.03%	-6.68%	20.53%	16.59%	8.78%	-11.40%	-0.15%	8.67%	-9.63%	-11.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.06%	13.74%	14.92%	14.83%	14.78%	15.86%	15.16%	14.48%	16.60%	18.98%
EBITDA Margin	5.40%	5.16%	5.47%	6.00%	6.06%	4.18%	6.54%	6.13%	7.90%	10.16%
Operating Margin	4.27%	4.06%	4.28%	4.96%	5.02%	2.92%	5.36%	5.10%	6.96%	9.23%
EBIT Margin	4.27%	4.08%	4.30%	4.99%	5.04%	2.95%	5.40%	5.14%	6.95%	9.24%
Profit (Net Income) Margin	2.57%	2.41%	2.96%	3.49%	3.54%	1.51%	3.87%	3.67%	5.03%	6.91%
Tax Burden Percent	61.87%	61.44%	71.28%	71.79%	72.11%	52.69%	72.49%	72.68%	72.56%	73.12%
Interest Burden Percent	97.12%	96.12%	96.43%	97.34%	97.50%	97.12%	99.04%	98.17%	99.80%	102.35%
Effective Tax Rate	38.11%	37.50%	28.45%	27.62%	27.89%	47.31%	27.51%	27.32%	27.44%	26.88%
Return on Invested Capital (ROIC)	13.54%	13.76%	14.06%	15.09%	17.61%	8.47%	24.21%	23.35%	36.88%	59.96%
ROIC Less NNEP Spread (ROIC-NNEP)	17.16%	22.16%	2.15%	11.47%	73.85%	8.99%	24.41%	24.61%	37.30%	57.72%
Return on Net Nonoperating Assets (RNNOA)	-1.69%	-1.69%	0.09%	1.52%	-0.50%	-2.01%	-6.39%	-4.14%	-8.38%	-22.72%
Return on Equity (ROE)	11.86%	12.07%	14.15%	16.61%	17.12%	6.47%	17.82%	19.21%	28.50%	37.24%
Cash Return on Invested Capital (CROIC)	15.35%	0.28%	-8.21%	7.54%	30.31%	29.77%	3.80%	22.57%	41.75%	64.95%
Operating Return on Assets (OROA)	8.28%	8.34%	8.46%	10.08%	10.37%	5.25%	10.17%	10.38%	14.42%	18.79%
Return on Assets (ROA)	4.98%	4.93%	5.81%	7.04%	7.29%	2.69%	7.30%	7.41%	10.44%	14.06%
Return on Common Equity (ROCE)	11.79%	12.05%	14.14%	16.60%	17.11%	6.47%	17.82%	19.21%	28.48%	37.22%
Return on Equity Simple (ROE_SIMPLE)	11.68%	11.85%	13.58%	16.29%	15.81%	6.48%	17.04%	20.58%	25.64%	34.28%
Net Operating Profit after Tax (NOPAT)	178	192	235	292	332	135	385	411	635	983
NOPAT Margin	2.64%	2.54%	3.06%	3.59%	3.62%	1.54%	3.89%	3.71%	5.05%	6.75%
Net Nonoperating Expense Percent (NNEP)	-3.62%	-8.40%	11.91%	3.62%	-56.24%	-0.52%	-0.19%	-1.25%	-0.42%	2.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	18.48%	25.72%	33.46%
Cost of Revenue to Revenue	85.94%	86.26%	85.08%	85.17%	85.22%	84.14%	84.84%	85.52%	83.40%	81.02%
SG&A Expenses to Revenue	9.77%	9.63%	9.87%	9.83%	9.74%	10.27%	9.80%	9.38%	9.63%	9.75%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.78%	9.68%	10.64%	9.87%	9.75%	12.94%	9.80%	9.38%	9.64%	9.75%
Earnings before Interest and Taxes (EBIT)	287	308	331	406	462	260	534	569	875	1,346
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	363	390	420	488	556	367	648	679	995	1,480
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.96	2.70	2.79	1.93	2.31	2.41	2.99	3.55	4.09	7.10
Price to Tangible Book Value (P/TBV)	18.02	59.25	21.91	12.83	12.44	8.01	8.70	15.22	10.90	16.42
Price to Revenue (P/Rev)	0.43	0.55	0.61	0.41	0.52	0.56	0.68	0.63	0.80	1.43
Price to Earnings (P/E)	16.81	22.82	20.57	11.83	14.61	37.21	17.54	17.25	15.96	20.72
Dividend Yield	0.69%	0.47%	0.40%	0.55%	0.38%	0.36%	0.41%	0.37%	0.32%	0.21%
Earnings Yield	5.95%	4.38%	4.86%	8.46%	6.85%	2.69%	5.70%	5.80%	6.27%	4.83%
Enterprise Value to Invested Capital (EV/IC)	2.09	2.76	2.61	1.80	2.52	3.03	3.55	3.85	5.54	12.21
Enterprise Value to Revenue (EV/Rev)	0.40	0.54	0.63	0.45	0.49	0.49	0.63	0.61	0.74	1.34
Enterprise Value to EBITDA (EV/EBITDA)	7.50	10.53	11.57	7.42	8.02	11.76	9.61	10.02	9.36	13.19
Enterprise Value to EBIT (EV/EBIT)	9.47	13.30	14.70	8.92	9.64	16.63	11.65	11.95	10.65	14.51
Enterprise Value to NOPAT (EV/NOPAT)	15.31	21.38	20.66	12.41	13.42	31.93	16.18	16.56	14.66	19.86
Enterprise Value to Operating Cash Flow (EV/OCF)	10.20	15.63	13.28	13.36	12.54	5.36	19.53	13.65	10.35	13.87
Enterprise Value to Free Cash Flow (EV/FCFF)	13.51	1,045.52	0.00	24.82	7.80	9.09	102.98	17.14	12.95	18.33
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.28	0.39	0.36	0.03	0.13	0.14	0.13	0.00	0.00
Long-Term Debt to Equity	0.20	0.27	0.38	0.35	0.02	0.13	0.11	0.12	0.00	0.00
Financial Leverage	-0.10	-0.08	0.04	0.13	-0.01	-0.22	-0.26	-0.17	-0.22	-0.39
Leverage Ratio	2.38	2.45	2.43	2.36	2.35	2.41	2.44	2.59	2.73	2.65
Compound Leverage Factor	2.31	2.36	2.35	2.30	2.29	2.34	2.42	2.55	2.72	2.71
Debt to Total Capital	17.55%	21.58%	28.16%	26.53%	3.20%	11.87%	12.42%	11.13%	0.00%	0.00%
Short-Term Debt to Total Capital	0.98%	0.77%	0.66%	0.68%	0.85%	0.73%	2.88%	0.70%	0.00%	0.00%
Long-Term Debt to Total Capital	16.58%	20.82%	27.50%	25.86%	2.35%	11.14%	9.54%	10.43%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.19%	0.04%	0.04%	0.04%	0.03%	0.02%	0.03%	0.03%	0.04%	0.04%
Common Equity to Total Capital	82.26%	78.37%	71.80%	73.43%	96.77%	88.11%	87.55%	88.84%	99.96%	99.96%
Debt to EBITDA	0.87	1.09	1.56	1.29	0.12	0.75	0.49	0.36	0.00	0.00
Net Debt to EBITDA	-0.50	-0.13	0.44	0.54	-0.52	-1.70	-0.77	-0.31	0.00	0.00
Long-Term Debt to EBITDA	0.82	1.05	1.52	1.26	0.09	0.71	0.38	0.34	0.00	0.00
Debt to NOPAT	1.77	2.21	2.79	2.16	0.20	2.04	0.83	0.60	0.00	0.00
Net Debt to NOPAT	-1.01	-0.26	0.79	0.91	-0.87	-4.63	-1.30	-0.51	0.00	0.00
Long-Term Debt to NOPAT	1.67	2.13	2.72	2.10	0.15	1.92	0.64	0.56	0.00	0.00
Altman Z-Score	3.79	4.09	4.26	4.07	4.11	3.81	4.37	4.50	4.78	6.14
Noncontrolling Interest Sharing Ratio	0.57%	0.14%	0.05%	0.05%	0.04%	0.03%	0.03%	0.03%	0.04%	0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.46	1.43	1.38	1.38	1.37	1.44	1.44	1.26	1.26	1.30
Quick Ratio	1.31	1.30	1.26	1.23	1.23	1.31	1.28	1.10	1.14	1.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	201	3.92	-137	146	572	475	60	397	719	1,065
Operating Cash Flow to CapEx	843.53%	697.33%	1,193.51%	641.57%	828.27%	1,811.81%	953.46%	1,181.50%	1,388.36%	1,979.85%
Free Cash Flow to Firm to Interest Expense	22.54	0.31	-10.76	10.77	41.37	52.78	9.96	30.06	41.83	281.90
Operating Cash Flow to Interest Expense	29.86	20.78	28.66	20.01	25.74	89.51	52.51	37.73	52.31	372.56
Operating Cash Flow Less CapEx to Interest Expense	26.32	17.80	26.26	16.89	22.63	84.57	47.01	34.53	48.54	353.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.94	2.04	1.97	2.02	2.06	1.78	1.89	2.02	2.07	2.03
Accounts Receivable Turnover	5.18	5.29	4.95	4.81	4.82	4.45	4.80	4.64	4.36	4.30
Inventory Turnover	136.83	173.76	163.19	162.86	188.93	157.85	156.41	135.57	106.85	114.33
Fixed Asset Turnover	55.03	60.42	60.26	62.18	63.16	55.92	63.79	71.49	74.63	75.30
Accounts Payable Turnover	12.17	13.17	12.24	11.35	11.87	11.07	11.95	11.96	11.76	12.60
Days Sales Outstanding (DSO)	70.46	69.00	73.68	75.90	75.68	82.01	76.04	78.63	83.70	84.96
Days Inventory Outstanding (DIO)	2.67	2.10	2.24	2.24	1.93	2.31	2.33	2.69	3.42	3.19
Days Payable Outstanding (DPO)	29.99	27.72	29.83	32.15	30.75	32.97	30.54	30.51	31.05	28.97
Cash Conversion Cycle (CCC)	43.14	43.38	46.08	45.99	46.86	51.34	47.83	50.81	56.07	59.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,300	1,488	1,861	2,007	1,767	1,427	1,751	1,765	1,681	1,599
Invested Capital Turnover	5.12	5.42	4.59	4.21	4.86	5.51	6.23	6.30	7.30	8.88
Increase / (Decrease) in Invested Capital	-24	188	373	146	-239	-340	324	14	-84	-82
Enterprise Value (EV)	2,719	4,102	4,861	3,619	4,460	4,321	6,225	6,799	9,313	19,531
Market Capitalization	2,896	4,151	4,673	3,353	4,750	4,947	6,726	7,008	10,102	20,870
Book Value per Share	$23.54	$25.35	$28.45	$30.24	$36.63	$37.37	$42.20	$41.41	$52.50	$63.86
Tangible Book Value per Share	$2.56	$1.16	$3.63	$4.54	$6.80	$11.25	$14.48	$9.66	$19.71	$27.63
Total Capital	1,795	1,961	2,330	2,370	2,126	2,330	2,573	2,221	2,471	2,939
Total Debt	315	423	656	629	68	277	319	247	0.00	0.00
Total Long-Term Debt	298	408	641	613	50	260	245	232	0.00	0.00
Net Debt	-180	-50	186	265	-291	-626	-502	-209	-790	-1,340
Capital Expenditures (CapEx)	32	38	31	42	43	45	33	42	65	71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	184	208	181	304	381	72	282	268	139	-104
Debt-free Net Working Capital (DFNWC)	671	672	649	668	739	975	1,103	724	929	1,235
Net Working Capital (NWC)	654	657	634	652	721	958	1,029	708	929	1,235
Net Nonoperating Expense (NNE)	5.17	9.66	8.12	8.18	7.21	2.38	1.09	4.45	2.11	-24
Net Nonoperating Obligations (NNO)	-180	-50	186	265	-291	-626	-502	-209	-790	-1,340
Total Depreciation and Amortization (D&A)	75	81	90	82	93	108	113	110	120	135
Debt-free, Cash-free Net Working Capital to Revenue	2.74%	2.75%	2.36%	3.74%	4.15%	0.82%	2.85%	2.42%	1.10%	-0.72%
Debt-free Net Working Capital to Revenue	9.99%	8.90%	8.44%	8.21%	8.06%	11.08%	11.14%	6.54%	7.38%	8.48%
Net Working Capital to Revenue	9.73%	8.70%	8.24%	8.02%	7.86%	10.89%	10.39%	6.40%	7.38%	8.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.74	$3.00	$3.84	$4.88	$5.78	$2.41	$7.09	$8.13	$13.37	$21.61
Adjusted Weighted Average Basic Shares Outstanding	60.66M	59.66M	58.37M	56.00M	56.26M	109.59M	52.67M	47.69M	47.06M	45.47M
Adjusted Diluted Earnings per Share	$2.72	$2.97	$3.82	$4.85	$5.75	$2.40	$7.06	$8.10	$13.31	$21.52
Adjusted Weighted Average Diluted Shares Outstanding	60.66M	59.66M	58.37M	56.00M	56.26M	109.59M	52.67M	47.69M	47.06M	45.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.66M	59.66M	58.37M	56.00M	56.26M	109.59M	52.67M	47.69M	47.06M	45.47M
Normalized Net Operating Profit after Tax (NOPAT)	178	194	278	294	333	259	385	411	637	983
Normalized NOPAT Margin	2.65%	2.57%	3.61%	3.62%	3.63%	2.95%	3.89%	3.71%	5.06%	6.75%
Pre Tax Income Margin	4.15%	3.93%	4.15%	4.86%	4.91%	2.87%	5.34%	5.04%	6.94%	9.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	32.14	24.43	25.89	29.96	33.46	28.84	88.03	43.12	50.85	356.11
NOPAT to Interest Expense	19.89	15.19	18.43	21.54	24.05	15.02	63.38	31.11	36.95	260.22
EBIT Less CapEx to Interest Expense	28.60	21.45	23.48	26.84	30.35	23.90	82.52	39.93	47.09	337.30
NOPAT Less CapEx to Interest Expense	16.35	12.21	16.03	18.42	20.94	10.08	57.87	27.91	33.18	241.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.59%	12.17%	8.35%	6.57%	5.60%	13.35%	7.35%	6.69%	5.16%	4.31%
Augmented Payout Ratio	78.07%	63.89%	49.36%	82.83%	5.60%	98.01%	58.31%	169.36%	25.33%	52.94%

This table displays calculated financial ratios and metrics derived from EMCOR Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.08%	11.73%	11.49%	12.49%	13.49%	16.59%	18.75%	20.40%	15.26%	9.62%
EBITDA Growth	6.04%	19.72%	43.00%	36.80%	49.21%	55.90%	57.87%	62.85%	50.31%	32.17%
EBIT Growth	8.51%	23.89%	53.19%	41.55%	56.37%	63.22%	67.81%	69.47%	54.99%	34.36%
NOPAT Growth	7.31%	26.26%	53.81%	41.14%	58.42%	63.03%	69.40%	70.19%	55.31%	35.89%
Net Income Growth	6.05%	24.23%	51.90%	39.67%	60.48%	67.47%	76.86%	76.09%	59.22%	38.13%
EPS Growth	16.76%	35.45%	66.91%	48.24%	65.28%	74.61%	79.74%	77.97%	62.47%	40.94%
Operating Cash Flow Growth	112.72%	26.70%	11.72%	289.17%	1.46%	63.25%	256.37%	-6.62%	101.73%	10.79%
Free Cash Flow Firm Growth	646.64%	151.60%	236.83%	268.00%	-127.88%	155.77%	-56.06%	-1.07%	585.35%	24.92%
Invested Capital Growth	-7.39%	0.79%	-6.42%	-0.92%	14.53%	-4.76%	5.03%	4.34%	-3.04%	-4.87%
Revenue Q/Q Growth	4.39%	4.37%	-2.01%	5.37%	5.32%	7.22%	-0.20%	6.84%	0.82%	1.98%
EBITDA Q/Q Growth	7.80%	16.07%	-11.02%	22.88%	17.57%	21.27%	-9.90%	26.77%	8.52%	6.63%
EBIT Q/Q Growth	8.19%	18.05%	-12.57%	26.77%	19.51%	23.22%	-10.11%	28.03%	9.30%	6.82%
NOPAT Q/Q Growth	6.11%	19.83%	-12.13%	26.32%	19.10%	23.32%	-8.70%	26.91%	8.69%	7.90%
Net Income Q/Q Growth	5.07%	19.41%	-11.74%	26.12%	20.73%	24.61%	-6.79%	25.58%	9.17%	8.10%
EPS Q/Q Growth	8.54%	18.52%	-9.38%	27.16%	21.02%	25.21%	-6.71%	25.90%	10.48%	8.62%
Operating Cash Flow Q/Q Growth	234.19%	0.92%	-132.58%	454.11%	-12.87%	62.38%	-68.79%	111.47%	88.22%	-10.82%
Free Cash Flow Firm Q/Q Growth	347.59%	-51.54%	103.78%	-31.29%	-141.09%	544.64%	-52.93%	54.70%	101.56%	14.45%
Invested Capital Q/Q Growth	-16.75%	8.67%	-0.19%	9.72%	-3.76%	-9.63%	5.36%	9.00%	-10.57%	-11.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.62%	15.42%	15.09%	16.09%	17.01%	17.96%	17.17%	18.65%	19.87%	20.08%
EBITDA Margin	6.28%	6.99%	6.35%	7.40%	8.26%	9.34%	8.44%	10.01%	10.77%	11.27%
Operating Margin	5.31%	6.01%	5.36%	6.46%	7.33%	8.41%	7.57%	9.08%	9.83%	10.31%
EBIT Margin	5.31%	6.01%	5.36%	6.45%	7.32%	8.41%	7.57%	9.08%	9.84%	10.31%
Profit (Net Income) Margin	3.74%	4.28%	3.86%	4.62%	5.29%	6.15%	5.74%	6.75%	7.31%	7.75%
Tax Burden Percent	71.50%	72.59%	72.95%	72.59%	72.35%	72.50%	73.64%	73.00%	72.64%	73.32%
Interest Burden Percent	98.55%	98.20%	98.64%	98.63%	99.96%	100.88%	102.99%	101.90%	102.29%	102.55%
Effective Tax Rate	28.50%	27.41%	27.05%	27.41%	27.65%	27.50%	26.36%	27.00%	27.36%	26.68%
Return on Invested Capital (ROIC)	24.20%	27.47%	24.40%	28.27%	36.79%	44.52%	40.53%	46.11%	55.50%	67.12%
ROIC Less NNEP Spread (ROIC-NNEP)	24.72%	28.12%	24.95%	30.58%	36.88%	44.15%	39.46%	45.10%	54.60%	66.44%
Return on Net Nonoperating Assets (RNNOA)	-3.76%	-4.73%	-3.31%	-1.40%	-5.71%	-9.92%	-9.01%	-8.47%	-14.90%	-26.15%
Return on Equity (ROE)	20.44%	22.74%	21.09%	26.86%	31.09%	34.60%	31.52%	37.64%	40.60%	40.97%
Cash Return on Invested Capital (CROIC)	30.40%	22.57%	31.34%	26.24%	18.27%	41.75%	34.62%	36.97%	52.65%	64.95%
Operating Return on Assets (OROA)	10.65%	12.13%	11.21%	13.66%	15.17%	17.44%	16.13%	19.22%	20.68%	20.96%
Return on Assets (ROA)	7.51%	8.65%	8.07%	9.78%	10.97%	12.75%	12.23%	14.30%	15.36%	15.76%
Return on Common Equity (ROCE)	20.44%	22.73%	21.09%	26.86%	31.07%	34.58%	31.50%	37.63%	40.59%	40.95%
Return on Equity Simple (ROE_SIMPLE)	20.71%	0.00%	21.50%	22.87%	24.05%	0.00%	27.50%	30.10%	33.59%	0.00%
Net Operating Profit after Tax (NOPAT)	107	129	113	143	170	210	191	243	264	285
NOPAT Margin	3.80%	4.36%	3.91%	4.69%	5.30%	6.10%	5.58%	6.63%	7.14%	7.56%
Net Nonoperating Expense Percent (NNEP)	-0.51%	-0.65%	-0.55%	-2.31%	-0.08%	0.37%	1.07%	1.01%	0.90%	0.68%
Return On Investment Capital (ROIC_SIMPLE)	-	5.79%	-	-	-	8.49%	-	-	-	9.70%
Cost of Revenue to Revenue	85.38%	84.58%	84.91%	83.91%	82.99%	82.04%	82.83%	81.35%	80.13%	79.92%
SG&A Expenses to Revenue	9.31%	9.41%	9.73%	9.63%	9.61%	9.55%	9.60%	9.58%	10.04%	9.77%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.31%	9.41%	9.73%	9.63%	9.68%	9.55%	9.60%	9.58%	10.04%	9.77%
Earnings before Interest and Taxes (EBIT)	150	177	155	196	235	289	260	333	364	389
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	178	206	183	225	265	321	290	367	398	425
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.07	3.55	3.73	4.13	4.34	4.09	6.29	6.25	7.28	7.10
Price to Tangible Book Value (P/TBV)	17.74	15.22	13.83	14.22	13.63	10.90	15.12	15.82	18.12	16.42
Price to Revenue (P/Rev)	0.53	0.63	0.68	0.75	0.82	0.80	1.25	1.25	1.41	1.43
Price to Earnings (P/E)	14.83	17.25	17.37	18.07	18.04	15.96	22.89	20.77	21.67	20.72
Dividend Yield	0.45%	0.37%	0.35%	0.33%	0.31%	0.32%	0.21%	0.22%	0.20%	0.21%
Earnings Yield	6.74%	5.80%	5.76%	5.53%	5.54%	6.27%	4.37%	4.82%	4.61%	4.83%
Enterprise Value to Invested Capital (EV/IC)	3.35	3.85	4.21	4.43	5.09	5.54	8.48	8.14	10.60	12.21
Enterprise Value to Revenue (EV/Rev)	0.51	0.61	0.65	0.73	0.78	0.74	1.20	1.19	1.34	1.34
Enterprise Value to EBITDA (EV/EBITDA)	8.49	10.02	10.14	10.81	10.75	9.36	14.24	13.21	13.90	13.19
Enterprise Value to EBIT (EV/EBIT)	10.25	11.95	11.95	12.62	12.39	10.65	16.00	14.70	15.35	14.51
Enterprise Value to NOPAT (EV/NOPAT)	14.17	16.56	16.46	17.42	17.07	14.66	21.97	20.17	21.06	19.86
Enterprise Value to Operating Cash Flow (EV/OCF)	12.27	13.65	14.55	11.71	12.87	10.35	14.05	14.97	14.04	13.87
Enterprise Value to Free Cash Flow (EV/FCFF)	10.60	17.14	12.98	16.81	29.73	12.95	25.09	22.49	19.82	18.33
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.13	0.06	0.15	0.05	0.00	0.03	0.03	0.03	0.00
Long-Term Debt to Equity	0.09	0.12	0.05	0.11	0.04	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.15	-0.17	-0.13	-0.05	-0.15	-0.22	-0.23	-0.19	-0.27	-0.39
Leverage Ratio	2.69	2.59	2.59	2.72	2.83	2.73	2.63	2.67	2.69	2.65
Compound Leverage Factor	2.66	2.55	2.55	2.68	2.83	2.75	2.71	2.72	2.75	2.72
Debt to Total Capital	9.15%	11.13%	5.29%	13.06%	4.36%	0.00%	2.82%	2.79%	2.83%	0.00%
Short-Term Debt to Total Capital	0.77%	0.70%	0.71%	3.55%	0.27%	0.00%	2.82%	2.79%	2.83%	0.00%
Long-Term Debt to Total Capital	8.38%	10.43%	4.58%	9.50%	4.09%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.03%	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
Common Equity to Total Capital	90.81%	88.84%	94.67%	86.92%	95.60%	99.96%	97.14%	97.18%	97.14%	99.96%
Debt to EBITDA	0.29	0.36	0.16	0.40	0.12	0.00	0.07	0.06	0.06	0.00
Net Debt to EBITDA	-0.34	-0.31	-0.42	-0.23	-0.48	0.00	-0.69	-0.59	-0.69	0.00
Long-Term Debt to EBITDA	0.27	0.34	0.14	0.29	0.11	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.48	0.60	0.26	0.65	0.19	0.00	0.11	0.10	0.09	0.00
Net Debt to NOPAT	-0.57	-0.51	-0.68	-0.38	-0.76	0.00	-1.07	-0.89	-1.05	0.00
Long-Term Debt to NOPAT	0.44	0.56	0.22	0.47	0.18	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.97	4.26	4.42	4.47	4.54	4.49	5.55	5.50	5.79	5.73
Noncontrolling Interest Sharing Ratio	0.04%	0.03%	0.03%	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.28	1.26	1.34	1.29	1.26	1.26	1.31	1.29	1.28	1.30
Quick Ratio	1.10	1.10	1.16	1.14	1.11	1.14	1.18	1.16	1.16	1.18
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	237	115	234	161	-66	294	103	159	321	367
Operating Cash Flow to CapEx	5,037.31%	2,514.33%	-623.26%	2,400.15%	1,430.65%	2,066.21%	683.92%	1,509.00%	3,170.39%	2,822.82%
Free Cash Flow to Firm to Interest Expense	74.17	16.48	127.70	59.71	-733.79	23.33	0.00	0.00	0.00	14.25
Operating Cash Flow to Interest Expense	80.53	37.27	-46.17	111.26	2,899.61	33.67	0.00	0.00	0.00	18.24
Operating Cash Flow Less CapEx to Interest Expense	78.93	35.79	-53.58	106.63	2,696.93	32.04	0.00	0.00	0.00	17.60
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.01	2.02	2.09	2.12	2.07	2.07	2.13	2.12	2.10	2.03
Accounts Receivable Turnover	4.59	4.64	4.57	4.43	4.34	4.36	4.47	4.36	4.33	4.30
Inventory Turnover	110.78	135.57	112.72	99.41	93.56	106.85	101.63	107.72	110.60	114.33
Fixed Asset Turnover	69.53	71.49	72.97	73.66	74.02	74.63	75.68	75.58	75.87	75.30
Accounts Payable Turnover	13.27	11.96	13.42	13.11	12.91	11.76	13.70	13.21	13.49	12.60
Days Sales Outstanding (DSO)	79.54	78.63	79.79	82.46	84.12	83.70	81.70	83.79	84.27	84.96
Days Inventory Outstanding (DIO)	3.29	2.69	3.24	3.67	3.90	3.42	3.59	3.39	3.30	3.19
Days Payable Outstanding (DPO)	27.51	30.51	27.20	27.84	28.28	31.05	26.65	27.63	27.06	28.97
Cash Conversion Cycle (CCC)	55.32	50.81	55.83	58.29	59.75	56.07	58.64	59.55	60.51	59.19
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,624	1,765	1,762	1,933	1,860	1,681	1,850	2,017	1,804	1,599
Invested Capital Turnover	6.37	6.30	6.24	6.03	6.94	7.30	7.27	6.96	7.77	8.88
Increase / (Decrease) in Invested Capital	-130	14	-121	-18	236	-84	89	84	-56	-82
Enterprise Value (EV)	5,439	6,799	7,410	8,566	9,462	9,313	15,688	16,418	19,122	19,531
Market Capitalization	5,657	7,008	7,714	8,750	9,881	10,102	16,452	17,146	20,076	20,870
Book Value per Share	$37.32	$41.41	$43.32	$44.53	$48.35	$52.50	$55.63	$58.40	$59.11	$63.86
Tangible Book Value per Share	$6.46	$9.66	$11.70	$12.94	$15.38	$19.71	$23.15	$23.07	$23.74	$27.63
Total Capital	2,028	2,221	2,182	2,436	2,384	2,471	2,691	2,824	2,839	2,939
Total Debt	186	247	116	318	104	0.00	76	79	80	0.00
Total Long-Term Debt	170	232	100	231	97	0.00	0.00	0.00	0.00	0.00
Net Debt	-218	-209	-305	-185	-420	-790	-765	-729	-955	-1,340
Capital Expenditures (CapEx)	5.11	10	14	12	18	21	19	19	17	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	352	268	496	444	319	139	312	339	126	-104
Debt-free Net Working Capital (DFNWC)	756	724	917	947	843	929	1,153	1,146	1,161	1,235
Net Working Capital (NWC)	740	708	901	860	836	929	1,077	1,068	1,081	1,235
Net Nonoperating Expense (NNE)	1.55	2.31	1.54	2.16	0.27	-1.85	-5.72	-4.62	-6.20	-7.25
Net Nonoperating Obligations (NNO)	-218	-209	-305	-185	-420	-790	-765	-729	-955	-1,340
Total Depreciation and Amortization (D&A)	27	29	28	29	30	32	30	34	35	36
Debt-free, Cash-free Net Working Capital to Revenue	3.27%	2.42%	4.37%	3.79%	2.64%	1.10%	2.37%	2.47%	0.88%	-0.72%
Debt-free Net Working Capital to Revenue	7.02%	6.54%	8.06%	8.08%	6.97%	7.38%	8.78%	8.34%	8.16%	8.48%
Net Working Capital to Revenue	6.88%	6.40%	7.92%	7.34%	6.91%	7.38%	8.20%	7.77%	7.60%	8.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.16	$2.59	$2.33	$2.97	$3.59	$4.48	$4.18	$5.27	$5.83	$6.33
Adjusted Weighted Average Basic Shares Outstanding	47.66M	47.69M	47.55M	47.14M	47.04M	47.06M	47.00M	46.66M	46.00M	45.47M
Adjusted Diluted Earnings per Share	$2.16	$2.56	$2.32	$2.95	$3.57	$4.47	$4.17	$5.25	$5.80	$6.30
Adjusted Weighted Average Diluted Shares Outstanding	47.66M	47.69M	47.55M	47.14M	47.04M	47.06M	47.00M	46.66M	46.00M	45.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	47.66M	47.69M	47.55M	47.14M	47.04M	47.06M	47.00M	46.66M	46.00M	45.47M
Normalized Net Operating Profit after Tax (NOPAT)	107	129	113	143	172	210	191	243	264	285
Normalized NOPAT Margin	3.80%	4.36%	3.91%	4.69%	5.35%	6.10%	5.58%	6.63%	7.14%	7.56%
Pre Tax Income Margin	5.23%	5.90%	5.29%	6.36%	7.31%	8.48%	7.80%	9.25%	10.06%	10.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	46.99	25.44	84.56	72.95	2,607.77	22.98	0.00	0.00	0.00	15.10
NOPAT to Interest Expense	33.60	18.47	61.69	53.03	1,889.07	16.66	0.00	0.00	0.00	11.07
EBIT Less CapEx to Interest Expense	45.39	23.96	77.15	68.32	2,405.09	21.35	0.00	0.00	0.00	14.45
NOPAT Less CapEx to Interest Expense	32.00	16.98	54.28	48.39	1,686.40	15.03	0.00	0.00	0.00	10.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.07%	6.69%	6.17%	6.05%	5.72%	5.16%	4.73%	4.50%	4.36%	4.31%
Augmented Payout Ratio	182.40%	169.36%	117.57%	70.41%	25.67%	25.33%	25.69%	25.26%	50.54%	52.94%

Frequently Asked Questions About EMCOR Group's Financials

When does EMCOR Group's fiscal year end?

According to the most recent income statement we have on file, EMCOR Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has EMCOR Group's net income changed over the last 9 years?

EMCOR Group's net income appears to be on an upward trend, with a most recent value of $1.01 billion in 2024, rising from $172.51 million in 2015. The previous period was $633.33 million in 2023.

What is EMCOR Group's operating income?

EMCOR Group's total operating income in 2024 was $1.34 billion, based on the following breakdown:

Total Gross Profit: $2.77 billion
Total Operating Expenses: $1.42 billion

How has EMCOR Group revenue changed over the last 9 years?

Over the last 9 years, EMCOR Group's total revenue changed from $6.72 billion in 2015 to $14.57 billion in 2024, a change of 116.8%.

How much debt does EMCOR Group have?

EMCOR Group's total liabilities were at $4.78 billion at the end of 2024, a 15.4% increase from 2023, and a 131.6% increase since 2015.

How much cash does EMCOR Group have?

In the past 9 years, EMCOR Group's cash and equivalents has ranged from $358.82 million in 2019 to $1.34 billion in 2024, and is currently $1.34 billion as of their latest financial filing in 2024.

How has EMCOR Group's book value per share changed over the last 9 years?

Over the last 9 years, EMCOR Group's book value per share changed from 23.54 in 2015 to 63.86 in 2024, a change of 171.2%.

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This page (NYSE:EME) was last updated on 4/15/2025 by MarketBeat.com Staff

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EMCOR Group (EME) Financials

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EMCOR Group (EME) Financials

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