EME on NYSE

EMCOR

American construction company

EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut. Major clients, mostly of an industrial and/or commercial nature, include data centers, oil refineries; semiconductor, biotech, life sciences, government, and pharmaceutical facilities.3 From Wikipedia, CC BY-SA 4.0

$732.65 down 12.70 (1.70%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

1994Founded1

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  • TickerEME on NYSE1
  • Industryengineering1
  • HeadquartersNorwalk1
  • Websitewww.emcorgroup.com
  • Incorporated inDE5
  • Business address301 Merritt Seven Corporate Pk, 6Th Floor, Norwalk, Ct 068515
  • Filer categoryLarge accelerated filer5

EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

19.3%Gross margin7
10.1%Operating margin7
7.5%Net margin7
16.6%Revenue growth, 20257
34.6%Return on equity7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue80¢$13.7B
  • Selling, general and admin10¢$1.7B
  • Interest0¢$12.0M
  • Income tax3¢$448.8M
  • Profit7¢$1.3B

Out of $17.0B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid3¢$45.0M
  • Share buybacks45¢$586.3M
  • Kept or used elsewhere52¢$670.8M

Out of $1.3B of cash from operations.7

Financial statements

Revenue8910117$17.0B in 2025+85% since 2019
0$5.0B$10.0B$15.0B$20.0B2019: $9.2B$9.2B20192020: $8.8B$8.8B2020−4%2021: $9.9B$9.9B2021+13%2022: $11.1B$11.1B2022+12%2023: $12.6B$12.6B2023+14%2024: $14.6B$14.6B2024+16%2025: $17.0B$17.0B2025+17%
Gross profit8910117$3.3B in 2025+142% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.4B$1.4B20192020: $1.4B$1.4B2020+3%2021: $1.5B$1.5B2021+8%2022: $1.6B$1.6B2022+7%2023: $2.1B$2.1B2023+30%2024: $2.8B$2.8B2024+32%2025: $3.3B$3.3B2025+19%
Operating income8910117$1.7B in 2025+272% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $460.9M$460.9M20192020: $256.8M$256.8M2020−44%2021: $530.8M$530.8M2021+107%2022: $564.9M$564.9M2022+6%2023: $875.8M$875.8M2023+55%2024: $1.3B$1.3B2024+54%2025: $1.7B$1.7B2025+27%
Net income8910117$1.3B in 2025+291% since 2019
0$500.0M$1.0B$1.5B2019: $325.1M$325.1M20192020: $132.9M$132.9M2020−59%2021: $383.5M$383.5M2021+188%2022: $406.1M$406.1M2022+6%2023: $633.0M$633.0M2023+56%2024: $1.0B$1.0B2024+59%2025: $1.3B$1.3B2025+26%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Revenues$17.0B$14.6B$12.6B
Cost of sales$13.7B$11.8B$10.5B
Gross profit$3.3B$2.8B$2.1B
Selling, general and administrative expenses$1.7B$1.4B$1.2B
Gain on sale of United Kingdom operations$144.9M$0$0
Impairment loss on long-lived assets$0$0$2.4M
Operating income$1.7B$1.3B$875.8M
Net periodic pension income (cost)$211.0K$894.0K-$1.1M
Interest expense-$12.0M-$3.8M-$17.2M
Interest income$20.0M$35.4M$15.4M
Income before income taxes$1.7B$1.4B$872.9M
Income tax provision$448.8M$370.2M$239.5M
Net income including noncontrolling interests$1.3B$1.0B$633.3M
Net income attributable to noncontrolling interests$0$0$335.0K
Net income attributable to EMCOR Group, Inc. (in US dollars)$1.3B$1.0B$633.0M
Basic earnings per common share (in US dollars per share)$28.30$21.61$13.37
Diluted earnings per common share (in US dollars per share)$28.19$21.52$13.31
Dividends declared per common share (in US dollars per share)$1.00$0.93$0.69

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The story

In 1994, Jamaica Water Properties filed for bankruptcy after making acquisitions unrelated to its core business and incurring significant debt. Frank MacInnis became CEO of the company, sold many of the businesses and renamed the remaining company as Emcor. The company also added facilities management services to provide a steady revenue stream. As of 2001, since the restructuring was completed in December 1994, the company had realized 27 consecutive quarters of year-over-year revenue growth. McInnis retired as CEO in January 2011 and as chairman in 2015. In December 2025, the company sold its operations in the United Kingdom to OCS Group for £190 million.

From Wikipedia’s article on Emcor, shared under CC BY-SA 4.0.6

Products and brands

The company's electrical and mechanical construction services division, representing 67% of revenues in 2024, provides construction and operation services for infrastructure such as power stations, including those that provide sustainable energy such as photovoltaic systems; food processing; road lighting and traffic control systems, and other heavy construction projects. Large projects in this division relate to data centers, data and fiber projects, and cabling, as well as semiconductor, biotech, life sciences, and pharmaceutical facilities.

The company's building services division, which represented 24% of revenues in 2024, maintains mechanical systems such as HVAC, plumbing, fire safety, automation, energy, and air quality. Notable government agencies that the company provides services for through its EMCOR Government Services subsidiary include the executive branch the National Archives and Records Administration, the Federal Deposit Insurance Corporation, National Aeronautics and Space Administration (NASA -- through the NASA Jet Propulsion Laboratory), as well as the departments of Transportation, Education, Health and Human Services, Energy, Defense, and Homeland Security; the legislative branch agency known as the Government Accountability Office (GAO); and the John Joseph Moakley United States Courthouse for the judicial branch.

The company's industrial services segment, which represented 9% of revenues in 2024, handles maintenance of oil refineries and other petrochemical processing plants and is also involved in projects using sustainable energy and carbon capture and storage.

From Wikipedia’s article on Emcor, shared under CC BY-SA 4.0.6

Former names

  • EMCOR GROUP INCDec 22, 1994 to Jul 31, 20195
  • JWP INC/DE/Jan 7, 1994 to Nov 21, 19945

Timeline

  1. 1994Founded Founded1

Recent filings

  1. Aug 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  2. Aug 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  3. Aug 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  4. Aug 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  5. Jul 31, 20268-K FORM 8-K - MSHA
  6. Jul 30, 202610-Q
  7. Jul 30, 20268-K
  8. Jun 18, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  9. Jun 17, 2026144
  10. Jun 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  11. Jun 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  12. Jun 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  13. Jun 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  14. Jun 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  15. Jun 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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