MARKETS / NYSE / EME

NYSE · ELECTRICAL WORK · LARGE CAP

Emcor Group, Inc. EME

18 fiscal years on record · USD · FY2025 reported · SEC filings only

5 YEARS OF DIVIDEND GROWTH

Revenue

$17.0B

▲ 16.6% YoY

Net income

$1.3B

▲ 26.4% YoY

Free cash flow

$1.2B

▼ 10.8% YoY

In brief

What this company does

EMCOR Group, Inc. provides electrical and mechanical construction and facilities services, building services, and industrial services, and recorded revenues of $16.99 billion in 2025. As of December 31, 2025, the company employed approximately 44,000 people, all located within the United States. Its executive offices are located at 301 Merritt Seven in Norwalk, Connecticut. It operates through approximately 100 operating subsidiaries, which are organized into four reportable segments: United States electrical construction and facilities services, United States mechanical construction and facilities services, United States building services, and United States industrial services. Its electrical and mechanical construction services encompass the design, integration, installation, start-up, operation and maintenance of systems including electrical power transmission, distribution and generation equipment such as power cables, transformers, generators and related switch gear. United States electrical and mechanical construction operations accounted for approximately 72% of 2025 total revenues, of which approximately 42% came from electrical construction and approximately 58% from mechanical construction. Building services operations generated approximately 21% of 2025 revenues, and industrial services operations generated approximately 7%.

Written from the business description in EMCOR Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 17.0B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 17.0 · Net income 1.3

Compound annual growth

Revenue

+15.3%

+14.1%

+9.7%

+8.7%

Net income

+46.3%

+57.1%

+22.1%

EPS, diluted

+51.5%

+63.7%

+26.3%

Dividend / share

+22.8%

+25.6%

+12.1%

Returned to shareholders

−2.8%

+37.1%

+18.0%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +14.1% a year over five years — but profit grew faster: net income at +57.1%, earnings per share at +63.7%.

The share count fell from 0.05B to 0.04B — the buyback concentrates the same profit into fewer slices.

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

7 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 10.1% · Net 7.5%

ROE

FY2025 · ROE 38.5%

Gross margin19.3%

Operating margin10.1%

Net margin7.5%

Return on assets15.0%

EBITDAUSD 1.8B

Each USD of equity produced 39 cents of profit this year.

Cash & shareholders

USD 631.3M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 1.2

Net buybacks $M Dividends $M

FY2025 · Dividends 45.0 · Net buybacks 586.3

Dividends paidUSD 45.0M

Net buybacksUSD 586.3M

Share of profit49.6%

Consecutive raises5 years

USD 45.0M in dividends and USD 586.3M in buybacks — 50% of the year's profit went back to shareholders.

Total assetsUSD 9.3B

EquityUSD 3.7B

CashUSD 1.1B

Current ratio1.22×

Equity funds 40% of total assets.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	17.0	14.6	12.6	11.1	9.9	8.8	9.2	8.1	7.7	7.6	6.7	6.4	6.3	6.2	5.6	4.9	5.2	6.8
Operating income $B	1.7	1.3	0.9	0.6	0.5	0.3	0.5	0.4	0.3	0.3	0.3	0.3	0.2	0.3	0.2	−0.0	0.3	0.3
EBITDA $B	1.8	1.4	0.9	0.6	0.6	0.3	0.5	0.4	0.4	0.3	0.3	0.3	0.3	0.3	0.2	−0.0	0.3	0.3
Income tax $B	0.4	0.4	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Net income $B	1.3	1.0	0.6	0.4	0.4	0.1	0.3	0.3	0.2	0.2	0.2	0.2	0.1	0.1	0.1	−0.1	0.2	0.2
Free cash flow $B	1.2	1.3	0.8	0.4	0.3	0.8	0.3	0.2	0.3	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.3	0.3
EPS, diluted $	28.19	21.52	13.31	8.10	7.06	2.40	5.75	4.85	3.82	2.97	2.72	2.52	1.82	2.16	1.91	−1.31	2.38	2.71
Dividend / sh $	1.00	0.93	0.69	0.54	0.52	0.32	0.32	0.32	0.32	0.32	0.32	0.32	0.18	0.51	0.05	0.00	0.00	·
Payout %	4	4	5	7	7	13	6	7	8	11	12	13	10	23	3	−0	0	·
ROE %	38.5	37.3	28.5	19.2	17.8	6.5	17.1	16.6	14.2	12.1	11.9	11.7	8.8	11.4	11.0	−7.3	13.2	·
Shares out B	0.04	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.07	0.07	0.07	0.07	·	·

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

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 87 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 8 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityElectrical Work

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2008