Ameresco, Inc. income statement
In fiscal 2024, Ameresco, Inc. reported revenue of $1.77bn, up 28.8% on the year before, operating income of $109m (a 6.1% margin) and net income of $56.8m, or $1.07 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | LTMSept 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 429 | 618 | 728 | 631 | 574 | 593 | 631 | 651 | 717 | 787 | 867 | 1,032 | 1,216 | 1,824 | 1,375 | 1,770 | 1,884 |
| Cost of revenue | 349 | 508 | 593 | 503 | 471 | 476 | 514 | 517 | 573 | 614 | 699 | 845 | 985 | 1,534 | 1,128 | 1,514 | 1,607 |
| Gross profit | 80 | 111 | 135 | 128 | 103 | 117 | 117 | 134 | 144 | 174 | 168 | 188 | 230 | 291 | 246 | 256 | 276 |
| Selling, general and administrative | — | — | — | — | — | — | — | — | — | 115 | 117 | 116 | 133 | 159 | 162 | 174 | 175 |
| General and administrative | 17 | 20 | 84 | 98 | 97 | 104 | 110 | 111 | 108 | — | — | — | — | — | — | — | — |
| Operating income | 25 | 46 | 51 | 29 | 7 | 13 | 7 | 24 | 37 | 59 | 52 | 71 | 95 | 133 | 82 | 109 | 128 |
| Interest expense | — | 5 | 4 | 4 | — | 5 | 5 | 7 | 9 | 15 | 13 | 13 | 15 | 18 | 27 | — | — |
| Net interest income | — | — | — | — | — | — | — | — | — | — | — | — | — | 26 | 36 | 65 | 51 |
| Income before tax | 27 | 40 | 44 | 25 | 3 | 6 | 0 | 16 | 29 | 42 | 37 | 56 | 78 | 106 | 38 | 34 | 48 |
| Income tax | 7 | 12 | 11 | 6 | 0 | −4 | 5 | 4 | −5 | 5 | −4 | −0 | −2 | 7 | −26 | −20 | −22 |
| Net income | 20 | 28 | 33 | 18 | 2 | 10 | 1 | 12 | 37 | 38 | 44 | 54 | 70 | 95 | 62 | 57 | 63 |
| Diluted EPS | $0.61 | $0.66 | $0.75 | $0.40 | $0.05 | $0.22 | $0.02 | $0.26 | $0.82 | $0.81 | $0.93 | $1.10 | $1.35 | $1.78 | $1.17 | $1.07 | $1.19 |
| Diluted shares (average) | 33m | 42m | 45m | 46m | 47m | 47m | 48m | 46m | 46m | 47m | 48m | 49m | 52m | 53m | 53m | 53m | 53m |
| EBITDA | — | 57 | 65 | 48 | 10 | 34 | 29 | 47 | 61 | 88 | 89 | 112 | 140 | 187 | 148 | 198 | 231 |
| Quarter | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 438 | 501 | 533 | 353 | 472 | 526 | 401 | 515 |
| Cost of revenue | 373 | 424 | 466 | 301 | 399 | 442 | 345 | 424 |
| Gross profit | 65 | 77 | 67 | 52 | 73 | 84 | 56 | 91 |
| Selling, general and administrative | 44 | 42 | 48 | 38 | 46 | 43 | 46 | 48 |
| Operating income | 21 | 35 | 45 | 14 | 28 | 42 | 10 | 44 |
| Net interest income | 15 | −18 | 112 | −20 | −21 | −20 | −25 | −26 |
| Income before tax | 5 | 14 | 21 | −4 | 13 | 18 | −18 | 20 |
| Income tax | 0 | −3 | −17 | 1 | −3 | −4 | −3 | 0 |
| Net income | 5 | 18 | 37 | −5 | 13 | 19 | −18 | 10 |
| Diluted EPS | $0.09 | $0.33 | $0.70 | −$0.10 | $0.24 | $0.35 | −$0.35 | $0.18 |
| EBITDA | 41 | 59 | 71 | 38 | 53 | 70 | 40 | 74 |
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