Ameresco (AMRC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ameresco

NYSE•Industrials•Engineering & Construction

$22.94+0.14(0.01%)Market open

Market Cap

$1.18B

P/E

51.9x

P/S

0.6x

P/B

1.0x

Ameresco, Inc. engages in the provision of energy solutions in the United States, Canada, and Europe. The company operates through North America Regions, U.S. Federal, Renewable Fuels, Europe, and All Other segments. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations. The company also designs, develops, engineers, and installs projects that reduce the energy, as well as operations and maintenance (O&M) costs of its customers' facilities; and projects primarily include various measures customized for the facility and designed to enhance the efficiency of building systems, such as heating, ventilation, cooling, and lighting systems. In addition, it offers renewable energy solutions and services, such as the development and construction of small-scale plants that the company owns or develops for customers that produce electricity, gas, heat, or cooling from renewable sources of energy and O&M services; and sells electricity, processed renewable gas fuel, and heat or cooling produced from renewable sources of energy. Further, the company provides photovoltaic (PV) solar energy products and systems, as well as provides consulting, and enterprise energy management services. It serves the federal, state and local governments, utilities, data centers, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Ameresco, Inc. was incorporated in 2000 and is headquartered in Framingham, Massachusetts.

How this company scores

WeakMetricSide Score: 30/100

Strongest: Balance Sheet & Red Flags (12/25); weakest: Cash & Earnings Quality (0/25).

Profitability9/25

Growth9/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality0/25

Strengths

Improving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 51.9x5y range 11.7x – 171.7x

Currently above its 20-quarter median.

P/S · 0.6x5y range 0.3x – 3.4x

Currently below its 20-quarter median.

P/B · 1.0x5y range 0.6x – 5.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume

Market Cap $1.18B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.92B
Q. Revenue: $515.46M
TTM EBITDA: $236.35M
TTM Op. Income: $124.52M
Q. Op. Income: $44.15M
TTM Net Income: $22.83M
Q. Net Income: $9.72M
EPS: $0.18
Shares Out.: $52.99M

$1.92B in TTM revenue grew 5.0% YoY, reaching $515.46M last quarter. TTM EBITDA of $236.35M and TTM operating income of $124.52M show growth is flowing through to the bottom line. TTM net income of $22.83M means revenue is converting into profit. Over the past year, TTM revenue is up 5% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 17.7%
EBITDA Margin: 14.4%
Op. Margin: 8.6%
Net Margin: 1.9%

Op. margin of 8.6% is up 4.7% YoY — cost efficiency is improving. Net margin at 1.9% and gross margin of 17.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 121% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 51.9x
P/S Ratio: 0.6x
P/B Ratio: 1.0x

At 51.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.6x and P/B of 1.0x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Over the past year, P/E is up 343% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.83B
Cash: $138.33M
Long-Term Debt: $1.79B
Book Value: $1.24B
D/E Ratio: 1.5
Debt/EBITDA: 24.2

With $4.83B in assets and $1.79B in long-term debt, D/E is 1.5and book value is $1.24B — moderate leverage. Over the past year, debt/equity is down 6% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-107.21M
TTM Free Cash Flow: $-497.46M
FCF Margin: -26.0%
FCF / Net Income: -21.8

TTM FCF of $-497.46M on $-107.21M in operating cash flow. The FCF / Net Income ratio of -21.8x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.