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MARKETS / NYSE / AMRC
NYSE · CONSTRUCTION - SPECIAL TRADE CONTRACTORS · MID CAP

Ameresco, Inc. AMRC

16 fiscal years on record · USD · FY2024 reported · SEC filings only
$1.8B
▲ 28.8% YoY
$56.8M
▼ 9.1% YoY
$113.3M
In brief

What this company does

Ameresco's core services are the development, design, engineering and installation of projects designed to reduce the energy and operations-and-maintenance costs of its customers' facilities. As of December 31, 2025, the company had a total of 1,601 employees based in 45 U.S. states, including the District of Columbia, eight Canadian provinces, four locations throughout the United Kingdom, one location in Italy, and one in Greece. It has sourced and raised approximately $7.0 billion in project financing while delivering $18.1 billion in energy solutions since its inception. For the year ended December 31, 2025, its reportable business segments were North America Regions, U.S. Federal, All Other, Renewable Fuels and Europe. The "All Other" category offers software and consulting services and the sale of solar PV energy products and systems, which the company refers to as integrated-PV.

Written from the business description in Ameresco, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.8B
Revenue, FY2024 · full 16-year series below
Revenue $B Net income $B
FY2024 · Revenue 1.8 · Net income 0.1
0.8B1.6B200920112013201520172019202120232024
Compound annual growth
+13.3%
+15.3%
+11.6%
+9.9%
−7.0%
+5.0%
+18.5%
−7.5%
+2.8%
+17.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.3% a year over five years — but profit grew slower: net income at +5.0%, earnings per share at +2.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating 6.1% · Net 3.0%
2%4%6%200920112013201520172019202120232024
ROE
FY2024 · ROE 5.9%
5%10%200920112013201520172019202120232024
Gross margin14.5%
Operating margin6.1%
Net margin3.0%
Return on assets1.4%
EBITDAUSD 198.0M

Each USD of equity produced 6 cents of profit this year.

Cash & shareholders
—
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 113.3
40M80M-200M200920112013201520172019202120232024
Net buybacks $M Dividends $M
FY2022 · Dividends — · Net buybacks -4.0
-50M-100M2009201120142016201820202022
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 4.2B
EquityUSD 1.0B
CashUSD 108.5M
Gross debtUSD 1.6B
Net debtUSD 1.5B
Current ratio1.46×

Net debt stands at 150% of equity.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.81.41.81.21.00.90.80.70.70.60.60.60.60.70.60.4
Operating income $B0.10.10.10.10.10.10.10.00.00.00.00.00.00.10.00.0
EBITDA $B0.20.10.20.10.10.10.10.10.00.00.00.00.00.10.1·
Income tax $B−0.0−0.00.0−0.0−0.0−0.00.0−0.00.00.0−0.00.00.00.00.00.0
Net income $B0.10.10.10.10.10.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.1−0.1−0.3−0.2−0.1−0.2−0.1−0.1−0.1−0.1−0.0−0.10.0−0.10.00.0
EPS, diluted $1.071.171.781.351.100.930.810.820.260.020.220.050.400.750.660.61
Dividend / sh $················
Payout %················
ROE %5.97.212.411.811.711.010.1·4.20.33.6·····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Ameresco, Inc.vsQuanta Services, Inc.Same industry: Construction - Special Trade ContractorsAmeresco, Inc.vsBrookfield Business Partners L.p.Same industry: Construction - Special Trade ContractorsAmeresco, Inc.vsEmcor Group, Inc.Same industry: Construction - Special Trade ContractorsAmeresco, Inc.vsComfort Systems USA Inc.Same industry: Construction - Special Trade ContractorsAmeresco, Inc.vsIES Holdings, Inc.Same industry: Construction - Special Trade ContractorsAmeresco, Inc.vsArgan Inc.Same industry: Construction - Special Trade ContractorsAmeresco, Inc.vsLimbach Holdings, Inc.Same industry: Construction - Special Trade Contractors
Provenance
Company facts, as filed
How we verify · 0 failures in 78 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityConstruction - Special Trade Contractors
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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