EMCOR Group (EME) Stock Fundamentals, Analysis & Risk Signals

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

EMCOR Group

NYSE•Industrials•Engineering & Construction

$679.55-9.77(-0.01%)Market closed

Market Cap

$31.21B

P/E

20.2x

P/S

1.6x

P/B

7.3x

EMCOR Group, Inc. provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, startup, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and piping systems; control and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging; millwright; and steel fabrication, erection, and welding services. The company also provides site-based operations and maintenance; facility management and maintenance; energy retrofit; military base operations support; indoor air quality; floor care and janitorial; landscaping, lot sweeping, and snow removal; vendor management and call center; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic; infrastructure and building projects; modification and retrofit projects; and reception, security, and catering services. In addition, it offers refinery turnaround planning and engineering; welding; overhaul and maintenance; technical; instrumentation, controls, and electrical; electrical panel design, fabrication, and installation; on-site repair and maintenance; and renewable energy services, as well as design, manufacturing, repair, and hydro blast cleaning services. The company was incorporated in 1987 and is headquartered in Norwalk, Connecticut.

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability19/25

Growth25/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality22/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

Valuation vs. 5-year range

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

P/E · 20.2x5y range 13.7x – 25.4x

Currently near its 20-quarter median.

P/S · 1.6x5y range 0.5x – 1.9x

Currently above its 20-quarter median.

P/B · 7.3x5y range 2.6x – 8.9x

Watch items

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

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $31.21B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $19.84B
Q. Revenue: $5.54B
TTM EBITDA: $2.07B
TTM Op. Income: $2.07B
Q. Op. Income: $545.79M
TTM Net Income: $1.54B
Q. Net Income: $399.93M
EPS: $9.06
Shares Out.: $44.12M

$19.84B in TTM revenue grew 22.1% YoY, reaching $5.54B last quarter. TTM EBITDA of $2.07B and TTM operating income of $2.07B show growth is flowing through to the bottom line. TTM net income of $1.54B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 20.0%
EBITDA Margin: 9.8%
Op. Margin: 9.8%
Net Margin: 7.2%

Op. margin of 9.8% is up 0.4% YoY — cost efficiency is improving. Net margin at 7.2% and gross margin of 20.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 4% — a weakening trend.

Price Ratios

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

P/E Ratio: 20.2x
P/S Ratio: 1.6x
P/B Ratio: 7.3x

At 20.2x P/E, the stock trades within typical market levels. P/S of 1.6x and P/B of 7.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 20% — an improving trend.

Assets & Liabilities

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

Total Assets: $11.24B
Cash: $774.75M
Long-Term Debt: N/A
Book Value: $4.28B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

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

Op. Cash Flow: $796.72M
TTM Free Cash Flow: $1.48B
FCF Margin: 7.5%
FCF / Net Income: 1.0

TTM FCF of $1.48B on $796.72M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.