(AMRC) Ameresco - Overview
Sector: Industrials | Industry: Engineering & Construction | Exchange: NYSE (USA) | Market Cap: 1.532m USD | Total Return: 123.9% in 12m
Avg Turnover: 15.8M
EPS Trend: -19.7%
Qual. Beats: -1
Rev. Trend: 96.1%
Qual. Beats: 2
Warnings
High Debt/EBITDA (8.5) with thin interest coverage (1.4)
High Debt while negative Cash Flow
Choppy
Tailwinds
No distinct edge detected
Ameresco, Inc. (AMRC) is a clean technology integrator providing energy efficiency and renewable energy solutions across North America and Europe. The company specializes in infrastructure upgrades, energy security, and asset sustainability for public and private sector clients, including federal governments and utilities. Its business model relies heavily on Energy Savings Performance Contracts (ESPCs), which allow customers to fund projects using the budget savings generated by the new energy-efficient systems.
The companys portfolio includes the design and construction of small-scale renewable energy plants, such as solar PV and renewable natural gas (RNG) facilities. Ameresco often retains ownership of these assets to generate recurring revenue through the sale of electricity, processed gas, and heat. In the Construction & Engineering sector, this pivot toward long-term operations and maintenance (O&M) services provides a more stable revenue stream compared to traditional one-off construction projects.
To better understand the companys long-term contract backlog and project pipeline, you may wish to examine the detailed metrics available on ValueRay.
Headquartered in Framingham, Massachusetts, Ameresco serves diverse markets including data centers, healthcare institutions, and housing authorities. The firm also offers enterprise energy management and consulting services to help organizations navigate complex carbon reduction goals.
- Backlog conversion of federal and municipal energy efficiency projects drives revenue growth
- Expansion of renewable natural gas assets increases high-margin recurring energy sales
- High interest rates raise financing costs for capital-intensive long-term infrastructure projects
- Government decarbonization mandates and tax incentives accelerate demand for clean energy solutions
- Supply chain delays in battery storage and solar components impact project completion timelines
| Net Income: 31.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA 3.52 > 1.0 |
| NWC/Revenue: 25.75% < 20% (prev 25.15%; Δ 0.60% < -1%) |
| CFO/TA -0.00 > 3% & CFO -16.7m > Net Income 31.5m |
| Net Debt (2.01b) to EBITDA (237.2m): 8.47 < 3 |
| Current Ratio: 1.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (52.9m) vs 12m ago 0.65% < -2% |
| Gross Margin: 15.58% > 18% (prev 0.14%; Δ 1.54k% > 0.5%) |
| Asset Turnover: 44.96% > 50% (prev 43.75%; Δ 1.21% > 0%) |
| Interest Coverage Ratio: 1.37 > 6 (EBITDA TTM 237.2m / Interest Expense TTM 93.2m) |
| A: 0.11 (Total Current Assets 1.55b - Total Current Liabilities 1.04b) / Total Assets 4.64b |
| B: 0.15 (Retained Earnings 678.4m / Total Assets 4.64b) |
| C: 0.03 (EBIT TTM 127.6m / Avg Total Assets 4.41b) |
| D: 0.19 (Book Value of Equity 676.1m / Total Liabilities 3.53b) |
| Altman-Z'' = 1.59 = BB |
| DSRI: 0.25 (Receivables 249.2m/931.8m, Revenue 1.98b/1.82b) |
| GMI: 0.92 (GM 15.58% / 14.31%) |
| AQI: 3.11 (AQ_t 0.65 / AQ_t-1 0.21) |
| SGI: 1.09 (Revenue 1.98b / 1.82b) |
| TATA: 0.01 (NI 31.5m - CFO -16.7m) / TA 4.64b) |
| Beneish M = -2.40 (Cap -4..+1) = BBB |
As of May 25, 2026, the stock is trading at USD 31.77 with a total of 647,908 shares traded.
Over the past week, the price has changed by -3.81%,
over one month by +13.79%,
over three months by -4.42% and
over the past year by +123.89%.
Ameresco has received a consensus analysts rating of 3.69. Therefore, it is recommended to hold AMRC.
- StrongBuy: 4
- Buy: 3
- Hold: 5
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 42.9 | 35% |
P/E Trailing = 49.8793
P/E Forward = 27.7778
P/S = 0.7734
P/B = 1.4902
P/EG = 2.5219
Revenue TTM = 1.98b USD
EBIT TTM = 127.6m USD
EBITDA TTM = 237.2m USD
Long Term Debt = 1.82b USD (from longTermDebt, last quarter)
Short Term Debt = 171.8m USD (from shortTermDebt, last quarter)
Debt = 2.11b USD (from shortLongTermDebtTotal, last quarter) + Leases 63.2m
Net Debt = 2.01b USD (calculated: Debt 2.11b - CCE 104.0m)
Enterprise Value = 3.54b USD (1.53b + Debt 2.11b - CCE 104.0m)
Interest Coverage Ratio = 1.37 (Ebit TTM 127.6m / Interest Expense TTM 93.2m)
EV/FCF = -14.11x (Enterprise Value 3.54b / FCF TTM -251.0m)
FCF Yield = -7.09% (FCF TTM -251.0m / Enterprise Value 3.54b)
FCF Margin = -12.67% (FCF TTM -251.0m / Revenue TTM 1.98b)
Net Margin = 1.59% (Net Income TTM 31.5m / Revenue TTM 1.98b)
Gross Margin = 15.58% ((Revenue TTM 1.98b - Cost of Revenue TTM 1.67b) / Revenue TTM)
Gross Margin QoQ = 14.06% (prev 16.25%)
Tobins Q-Ratio = 0.76 (Enterprise Value 3.54b / Total Assets 4.64b)
Interest Expense / Debt = 4.41% (Interest Expense 93.2m / Debt 2.11b)
Taxrate = 21.0% (US default 21%)
NOPAT = 100.8m (EBIT 127.6m * (1 - 21.00%))
Current Ratio = 1.49 (Total Current Assets 1.55b / Total Current Liabilities 1.04b)
Debt / Equity = 1.90 (Debt 2.11b / totalStockholderEquity, last quarter 1.11b)
Debt / EBITDA = 8.47 (Net Debt 2.01b / EBITDA 237.2m)
Debt / FCF = -8.01 (negative FCF - burning cash) (Net Debt 2.01b / FCF TTM -251.0m)
Total Stockholder Equity = 1.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.71% (Net Income 31.5m / Total Assets 4.64b)
RoE = 2.94% (Net Income TTM 31.5m / Total Stockholder Equity 1.07b)
RoCE = 4.41% (EBIT 127.6m / Capital Employed (Equity 1.07b + L.T.Debt 1.82b))
RoIC = 2.75% (NOPAT 100.8m / Invested Capital 3.66b)
WACC = 7.16% (E(1.53b)/V(3.65b) * Re(12.22%) + D(2.11b)/V(3.65b) * Rd(4.41%) * (1-Tc(0.21)))
Discount Rate = 12.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 20.0 | Cagr: -0.32%
[DCF] Fair Price = unknown (Cash Flow -251.0m)
EPS Correlation: -19.70 | EPS CAGR: -4.31% | SUE: -2.30 | # QB: -1
Revenue Correlation: 96.08 | Revenue CAGR: 18.42% | SUE: 1.54 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.20 | Chg30d=-7.21% | Revisions=-11% | Analysts=10
EPS next Quarter (2026-09-30): EPS=0.51 | Chg30d=-3.61% | Revisions=-11% | Analysts=10
EPS current Year (2026-12-31): EPS=1.10 | Chg30d=-5.72% | Revisions=-54% | GrowthEPS=+21.9% | GrowthRev=+8.9%
EPS next Year (2027-12-31): EPS=1.63 | Chg30d=-2.82% | Revisions=-17% | GrowthEPS=+48.1% | GrowthRev=+8.6%
[Analyst] Revisions Ratio: -54%