Emcor income statement
In fiscal 2025, Emcor reported revenue of $16.99bn, up 16.6% on the year before, operating income of $1.71bn (a 10.1% margin) and net income of $1.27bn, or $28.19 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 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.2 | 4.9 | 5.6 | 6.2 | 6.3 | 6.4 | 6.7 | 7.6 | 7.7 | 8.1 | 9.2 | 8.8 | 9.9 | 11.1 | 12.6 | 14.6 | 17.0 | 19.8 |
| Cost of revenue | 4.4 | 4.2 | 4.9 | 5.4 | 5.5 | 5.5 | 5.8 | 6.5 | 6.5 | 6.9 | 7.8 | 7.4 | 8.4 | 9.5 | 10.5 | 11.8 | 13.7 | 16.0 |
| Gross profit | 0.8 | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 | 0.9 | 1.0 | 1.1 | 1.2 | 1.4 | 1.4 | 1.5 | 1.6 | 2.1 | 2.8 | 3.3 | 3.9 |
| Selling, general and administrative | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 | 0.9 | 1.0 | 1.0 | 1.2 | 1.4 | 1.7 | 1.9 |
| Operating income | 0.3 | −0.0 | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.3 | 0.5 | 0.6 | 0.9 | 1.3 | 1.7 | 2.1 |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — |
| Income before tax | 0.2 | −0.0 | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.3 | 0.5 | 0.6 | 0.9 | 1.4 | 1.7 | 2.1 |
| Income tax | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.4 | 0.4 | 0.5 |
| Net income | 0.2 | −0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.1 | 0.4 | 0.4 | 0.6 | 1.0 | 1.3 | 1.5 |
| Diluted EPS | $2.38 | −$1.31 | $1.91 | $2.16 | $1.82 | $2.52 | $2.72 | $2.97 | $3.82 | $4.85 | $5.75 | $2.40 | $7.06 | $8.10 | $13.31 | $21.52 | $28.19 | $34.63 |
| Diluted shares (average) | 67m | 66m | 68m | 68m | 68m | 67m | 63m | 61m | 60m | 58m | 57m | 55m | 54m | 50m | 48m | 47m | 45m | 45m |
| EBITDA | 0.3 | −0.0 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 0.3 | 0.6 | 0.6 | 0.9 | 1.4 | 1.8 | 2.1 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,770 | 3,867 | 4,304 | 4,302 | 4,513 | 4,628 | 5,155 | 5,542 |
| Cost of revenue | 3,013 | 3,145 | 3,471 | 3,466 | 3,622 | 3,764 | 4,133 | 4,433 |
| Gross profit | 757 | 723 | 834 | 835 | 891 | 864 | 1,022 | 1,108 |
| Selling, general and administrative | 368 | 404 | 419 | 430 | 462 | 460 | 475 | 528 |
| Operating income | 389 | 319 | 415 | 406 | 574 | 404 | 547 | 546 |
| Net interest income | — | 5 | — | — | — | — | — | — |
| Income before tax | 398 | 324 | 412 | 408 | 578 | 410 | 552 | 550 |
| Income tax | 106 | 84 | 110 | 112 | 143 | 105 | 148 | 150 |
| Net income | 292 | 241 | 302 | 295 | 435 | 305 | 404 | 400 |
| Diluted EPS | $6.31 | $5.26 | $6.72 | $6.57 | $9.66 | $6.84 | $9.06 | $9.04 |
| EBITDA | 403 | 334 | 432 | 423 | 592 | 422 | 567 | 566 |
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