EMCOR Group, Inc.
- Open
- 728.43
- Day high
- 744.93
- Day low
- 717.28
- Prev close
- 750.04
- Volume
- 1.1M
- Mkt cap
- $33.1B
- P/E (TTM)
- 25.0
- EPS (TTM)
- $29.77
- P/B
- 8.6
- P/S
- 1.9
- Yield
- 0.19%
- Per share
- $1.45
- ▼Insiders net selling -$11.2M over the last 3 months (0 open-market buys, 6 sales)
- 🏛Institutions accumulating (13F)
EMCOR Group, Inc. (EME) is a Industrials company listed on NYSE. The stock is up 32% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 6 sales (SEC Form 4).
EMCOR Group, Inc. (EME) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
EME earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $5.90 | $6.84 | +15.9% | $4.6B | +10.2% |
| Feb 26, 2026 | $6.68 | $7.19 | +7.6% | $4.5B | +5.4% |
| Oct 30, 2025 | $6.54 | $6.57 | +0.5% | $4.3B | +0.5% |
| Jul 31, 2025 | $5.74 | $6.72 | +17.1% | $4.3B | +4.8% |
| Apr 30, 2025 | $4.63 | $5.41 | +16.8% | $3.9B | +2.2% |
| Feb 26, 2025 | $5.53 | $6.32 | +14.3% | $3.8B | -0.9% |
| Oct 31, 2024 | $4.98 | $5.80 | +16.5% | $3.7B | -2.0% |
| Jul 25, 2024 | $3.76 | $5.25 | +39.6% | $3.7B | +4.1% |
| Apr 25, 2024 | $2.84 | $4.17 | +46.8% | $3.4B | +6.5% |
| Feb 28, 2024 | $3.55 | $4.47 | +25.9% | $3.4B | +2.3% |
| Oct 26, 2023 | $2.72 | $3.57 | +31.2% | $3.2B | +1.8% |
| Jul 27, 2023 | $2.36 | $2.95 | +25.0% | $3.0B | +1.0% |
EME insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 18, 2026 | Lowe Carol Pdirector | Sell | 950 | $844.50 |
| Jun 5, 2026 | Lowe Carol Pdirector | Grant | 304 | — |
| Jun 5, 2026 | Walker-Lee Robin Adirector | Grant | 230 | — |
| Jun 5, 2026 | Altmeyer John Wdirector | Grant | 304 | — |
| Jun 5, 2026 | Schwarzwaelder Stevendirector | Grant | 230 | — |
| Jun 5, 2026 | Johnson Ronald Ldirector | Grant | 230 | — |
| Jun 5, 2026 | DAHL AMY Edirector | Grant | 230 | — |
| Jun 5, 2026 | MCEVOY M KEVINdirector | Grant | 230 | — |
| Jun 5, 2026 | ROCHE PATRICK Jdirector | Grant | 304 | — |
| May 13, 2026 | Reid William Pdirector | Sell | 2,000 | $925.78 |
| May 5, 2026 | Altmeyer John Wdirector | Sell | 2,500 | $895.00 |
| May 4, 2026 | Nalbandian Jason Rofficer: SVP, CFO, Chief Acct. Officer | Sell | 800 | $856.43 |
| May 4, 2026 | Schwarzwaelder Stevendirector | Sell | 5,602 | $895.19 |
| May 4, 2026 | Lind Robert Peterofficer: VP and Controller | Sell | 675 | $894.27 |
| May 1, 2026 | Altmeyer John Wdirector | Grant | 2 | — |
Source: EME SEC Form 4 filings, latest Jun 18, 2026. For informational purposes only — not investment advice.
See the full EME insider & 13F page →EMCOR Group, Inc. company profile
Overview
EMCOR Group, Inc. (NYSE:EME) is a Fortune 500 specialty contractor and facilities services company founded in 1987 and headquartered in Norwalk, Connecticut. The company went public in 1995 and has grown through strategic acquisitions and organic expansion to become one of the largest electrical and mechanical construction contractors in the United States. EMCOR operates across multiple segments including electrical construction, mechanical construction, building services, and industrial services, with additional operations in the United Kingdom. The company has positioned itself as a leader in high-growth sectors including data centers, semiconductor manufacturing, healthcare facilities, and energy infrastructure projects.
Business
EMCOR operates in the specialty contracting and facilities services industry, providing comprehensive electrical and mechanical construction services along with ongoing building maintenance and operations. The company's work spans from initial design and engineering through installation, commissioning, and long-term maintenance of complex building systems. The company operates through five primary business segments: U.S. Electrical Construction (approximately 25% of revenue) provides electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; low-voltage systems including fire alarm, security, and process control; voice and data communications; and roadway and transit infrastructure. This segment has become particularly strong in data center electrical work, which represents a significant growth driver. U.S. Mechanical Construction (approximately 40% of revenue) offers heating, ventilation, air conditioning, and refrigeration (HVAC) systems; clean-room process ventilation; fire protection and suppression systems; plumbing and high-purity piping systems; controls and filtration systems; water and wastewater treatment; and central plant heating and cooling systems. This segment serves diverse markets including healthcare, manufacturing, and institutional facilities. U.S. Building Services (approximately 20% of revenue) provides ongoing facility management, maintenance, and operations services for commercial and government properties. Services include mechanical maintenance, janitorial services, landscaping, vendor management, energy management programs, and technical consulting. The company is strategically shifting this segment toward higher-margin mechanical services. Industrial Services (approximately 8% of revenue) focuses on specialized services for oil, gas, and petrochemical industries, including outage services, mobile mechanical maintenance, crane and rigging services, millwright services, and steel fabrication and welding. U.K. Building Services (approximately 7% of revenue) provides similar building services and facilities management in the United Kingdom market. The specialty contracting industry requires significant technical expertise, as projects involve complex building systems that must meet strict safety, environmental, and performance standards. EMCOR's work often involves mission-critical facilities where system failures can have severe consequences, such as hospitals, data centers, and manufacturing plants.
Competitive moat
EMCOR possesses a moderate but meaningful competitive moat built on several key advantages. The company's technical expertise and specialized capabilities in complex, mission-critical systems create significant barriers to entry, particularly in high-growth sectors like data centers, semiconductor facilities, and healthcare infrastructure. These projects require deep technical knowledge, proven track records, and the ability to manage complex installations where failures carry enormous costs. The company's scale and geographic presence provide competitive advantages through resource deployment flexibility, ability to handle large multi-site projects, and established relationships with major customers and general contractors. EMCOR's presence in 16-17 data center markets, expanded from just 3 in 2019, demonstrates how scale enables market expansion and customer service capabilities that smaller competitors cannot match. Long-term customer relationships and recurring revenue streams, particularly in building services, create switching costs and revenue stability. Multi-year facilities management contracts and ongoing maintenance relationships generate predictable cash flows and opportunities for additional project work. However, EMCOR's moat faces several challenges. The construction industry remains highly fragmented and competitive, with low barriers to entry for basic electrical and mechanical work. Labor-intensive operations make the business susceptible to wage inflation and skilled labor shortages. Project-based revenue creates inherent cyclicality and execution risks. The strongest competitive threats come from other large specialty contractors like Quanta Services in electrical work and from regional competitors with local market knowledge and relationships. Technology disruption through prefabrication, automation, and digital construction methods could potentially reshape competitive dynamics, though EMCOR is investing in these areas through its virtual design and construction (VDC) capabilities. Overall, EMCOR's moat is most robust in specialized, technically complex markets where its expertise and scale provide clear advantages, while remaining more vulnerable in commodity construction segments.
Risks & safety
EMCOR demonstrates solid financial stability with moderate margin of safety considerations: Liquidity and Solvency: • Strong cash position of $577 million as of Q1 2025 • Current ratio of 1.16, indicating adequate short-term liquidity • Debt-to-equity ratio of 0.22, representing conservative leverage • Positive free cash flow generation of $82 million in Q1 2025 • No significant solvency concerns given strong cash generation Valuation Metrics: • Price-to-earnings ratio of 17.7x, reasonable for a growing industrial company • EV/EBITDA of 11.8x, moderately valued relative to growth prospects • Price-to-book ratio of 5.8x, elevated but justified by strong ROE of 8.2% • Trading above Graham number, indicating growth premium pricing Other Considerations: • Strong backlog with RPOs of over $10 billion providing revenue visibility • Diversified end markets reduce concentration risk • Cyclical industry exposure creates some earnings volatility risk • Project-based business model carries execution and margin risks
Recent development
Over the past few years, EMCOR has executed a clear strategic transformation focused on high-growth, technology-driven markets. The company has dramatically expanded its data center capabilities, growing from 3 geographic markets in 2019 to 16-17 markets by 2025, with data center work now representing 85% of its network and communications segment. This expansion has been both organic and through strategic acquisitions, including the recent $865 million acquisition of Miller Electric to strengthen its southeastern U.S. presence. The company has strategically positioned itself in semiconductor and high-tech manufacturing, capitalizing on reshoring trends and domestic chip production initiatives. EMCOR has built significant capabilities in clean-room construction and high-purity systems required for semiconductor fabrication facilities, with over $1.3 billion in remaining performance obligations in this sector. Building Services transformation represents another key strategic shift, with management targeting an 80-20 mix favoring higher-margin mechanical services over traditional janitorial and facilities management work. This repositioning aims to improve margins and leverage the company's technical expertise. The company has invested heavily in virtual design and construction (VDC) capabilities, prefabrication, and digital construction methods to improve productivity and differentiate its offerings. These investments support margin expansion and competitive positioning in complex projects. EMCOR's acquisition strategy has accelerated, completing seven acquisitions for approximately $230 million in 2024 alone, plus the major Miller Electric transaction. The company focuses on acquiring specialized capabilities, geographic expansion, and technical expertise rather than commodity construction businesses. Geographic expansion has been a consistent theme, with particular strength in Texas, the Midwest, Arizona, and the Mid-Atlantic regions, driven by data center development, manufacturing reshoring, and infrastructure investment in these markets.
EME company profile · for informational purposes only — not investment advice.
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