Emcor (EME): financials, SEC filings and peers
Emcor (EME) is a construction & engineering company in the Industrials sector of the S&P 500, headquartered in Norwalk, Connecticut.
It was founded in 1994 and joined the S&P 500 on September 22, 2025.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Electrical Work”.
Emcor at a glance
- Revenue (12 months)
- $19.8B
- Revenue growth
- +22.1%
- Operating margin
- 10.4%
- Net income (12 months)
- $1.5B
- Free cash flow (12 months)
- $1.5B
- Cash
- $775M
- Debt
- —
- Diluted EPS (12 months)
- $34.60
Twelve months to September 30, 2026, from the 10-Q filed October 29, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Emcor reported revenue of $19.8 billion, up 22.1% from a year earlier.
Its operating margin was 10.4%, up 1.0 percentage points from a year earlier: for every $100 of sales, about $10 was left as operating profit.
Net income was $1.5 billion (7.8% of revenue), 36.6% higher than a year earlier.
Operating cash flow was $1.6 billion and capital spending $129 million, leaving free cash flow of $1.5 billion (7.5% of revenue).
At the end of the period it held $775 million in cash and not reported in debt, a net cash position of $775 million.
The diluted share count fell 1.6% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $8.8 billion in fiscal 2020 to $17.0 billion in fiscal 2025, about 14.1% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin widened from 2.9% to 10.1% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $9.9B | $11.1B | $12.6B | $14.6B | $17.0B |
| Revenue growth | 12.6% | 11.8% | 13.6% | 15.8% | 16.6% |
| Operating margin | 5.4% | 5.1% | 7.0% | 9.2% | 10.1% |
| Net income | $384M | $406M | $633M | $1.0B | $1.3B |
| Free cash flow | $283M | $449M | $821M | $1.3B | $1.2B |
| Diluted EPS | $7.06 | $8.10 | $13.31 | $21.52 | $28.19 |
Fiscal years as reported in Emcor’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed October 29, 2026 — Earnings results
- 10-Q filed October 29, 2026 — quarterly report
- 8-K filed July 31, 2026
- 8-K filed July 30, 2026 — Earnings results
- 10-Q filed July 30, 2026 — quarterly report
- 8-K filed June 4, 2026 — Shareholder vote results
- 8-K filed April 29, 2026 — Earnings results
- 10-Q filed April 29, 2026 — quarterly report
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Questions about Emcor
Is Emcor's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $19.8 billion, up 22.1% from a year earlier, according to its SEC filings.
Is Emcor profitable?
Yes. It earned $1.5 billion in net income over the twelve months to September 30, 2026, a net margin of 7.8%.
When did Emcor last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 29, 2026.
Which companies are similar to Emcor?
In the S&P 500, Emcor is grouped in Construction & Engineering within the Industrials sector. Comfort Systems USA (FIX), Jacobs Solutions (J), Quanta Services (PWR) are in the same group.
Understand the numbers
Source: Emcor’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.