EME Stock Analysis: EMCOR | NYSE
Engineering & Construction | NYSE, USA | Market Cap: 32.168m USD | 12M Return: 20.3% | US29084Q1004 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 264M
EPS Trend: 97.0%
Qual. Beats: 3
Rev. Trend: 99.8%
Qual. Beats: 3
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
EMCOR Group, Inc. (EME) is a U.S.-based provider of electrical and mechanical construction services along with a broad range of facilities, building, and industrial services, operating primarily in the United States and the United Kingdom. The company delivers design, installation, startup, operation, and maintenance solutions spanning power transmission and distribution, energy systems, premises electrical and lighting, HVAC and refrigeration, plumbing and piping, fire protection, instrumentation, and low-voltage/communications systems. Headquartered in Norwalk, Connecticut and incorporated in 1987, EMCOR has grown into one of the largest specialty contractors in the Industrials sector, with a business model that combines project-based construction work with recurring, multi-year service and maintenance contracts.
In addition to its core construction offerings, EMCOR provides site-based operations and maintenance, facility management, energy retrofits, military base operations support, and a wide array of soft services such as janitorial, landscaping, and security. The company also serves industrial clients with refinery turnaround planning, welding, instrumentation and controls, electrical panel fabrication, on-site repair, and renewable energy services. This diversified mix of capital project work and long-tail recurring service revenue, spanning commercial, industrial, utility, and government end markets, helps reduce the cyclicality typical of pure construction firms and supports more stable cash flow across economic cycles.
- Data center demand accelerates mechanical and electrical segment growth
- Non-residential construction cycle exposure to high interest rates
- Industrial services margins hinge on labor and material costs
| Net Income: 1.44b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -2.85 > 1.0 |
| NWC/Revenue: 7.78% < 20% (prev 5.00%; Δ 2.78% < -1%) |
| CFO/TA 0.13 > 3% & CFO 1.29b > Net Income 1.44b |
| Net Debt (-382.5m) to EBITDA (2.23b): -0.17 < 3 |
| Current Ratio: 1.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (45.1m) vs 12m ago 0.13% < -2% |
| Gross Margin: 19.66% > 18% (prev 19.49%; Δ 0.17% > 0.5%) |
| Asset Turnover: 200.5% > 50% (prev 186.2%; Δ 14.31% > 0%) |
| Interest Coverage Ratio: 169.8 > 6 (EBIT TTM 2.04b / Interest Expense TTM 12.0m) |
| A: 0.14 (Total Current Assets 6.67b - Total Current Liabilities 5.23b) / Total Assets 10.2b |
| B: 0.66 (Retained Earnings 6.68b / Total Assets 10.2b) |
| C: 0.22 (EBIT TTM 2.04b / Avg Total Assets 9.28b) |
| D: 0.67 (Book Value of Equity 4.08b / Total Liabilities 6.08b) |
| Altman-Z'' = 5.26 = AAA |
| DSRI: 1.04 (Receivables 5.50b/4.46b, Revenue 18.6b/15.6b) |
| GMI: 0.99 (GM 19.49% / 19.66%) |
| AQI: 0.86 (AQ_t 0.27 / AQ_t-1 0.31) |
| SGI: 1.19 (Revenue 18.6b / 15.6b) |
| TATA: 0.01 (NI 1.44b - CFO 1.29b) / TA 10.2b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of September 25, 2026, the stock is trading at USD 751.96 with a total of 327,592 shares traded. Over the past week, the price has changed by +3.11%, over one month by -1.69%, over three months by -11.19% and over the past year by +20.25%.
Current recommended Stop Loss: 701.70 (which is 6.7% or 2 ATR below the current price).
EMCOR has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy EME.
- StrongBuy: 4
- Buy: 0
- Hold: 1
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 1033.3 | 37.4% |
P/E Trailing = 23.0414
P/E Forward = 19.4932
P/S = 1.7296
P/B = 7.9966
P/EG = 0.3057
Revenue TTM = 18.6b USD
EBIT TTM = 2.04b USD
EBITDA TTM = 2.23b USD
Long Term Debt = 3.95m USD (from longTermDebtTotal, last fiscal year)
Short Term Debt = 105.7m USD (from shortTermDebt, last quarter)
Debt = 541.9m USD (from shortLongTermDebtTotal, last quarter) (leases 541.9m already included)
Net Debt = -382.5m USD (calculated: Debt 541.9m - CCE 924.4m)
Enterprise Value = 31.8b USD (32.2b + Debt 541.9m - CCE 924.4m)
Interest Coverage Ratio = 169.8 (Ebit TTM 2.04b / Interest Expense TTM 12.0m)
EV/FCF = 27.13x (Enterprise Value 31.8b / FCF TTM 1.17b)
FCF Yield = 3.69% (FCF TTM 1.17b / Enterprise Value 31.8b)
FCF Margin = 6.30% (FCF TTM 1.17b / Revenue TTM 18.6b)
Net Margin = 7.72% (Net Income TTM 1.44b / Revenue TTM 18.6b)
Gross Margin = 19.66% ((Revenue TTM 18.6b - Cost of Revenue TTM 14.9b) / Revenue TTM)
Gross Margin QoQ = 19.83% (prev 18.67%)
Tobins Q-Ratio = 3.13 (Enterprise Value 31.8b / Total Assets 10.2b)
Interest Expense / Debt = 2.22% (Interest Expense 12.0m / Debt 541.9m)
Taxrate = 29.65% (605.4m / 2.04b)
NOPAT = 1.44b (EBIT 2.04b * (1 - 29.65%))
Current Ratio = 1.28 (Total Current Assets 6.67b / Total Current Liabilities 5.23b)
Debt / Equity = 0.13 (Debt 541.9m / totalStockholderEquity, last quarter 4.08b)
Debt / EBITDA = -0.17 (Net Debt -382.5m / EBITDA 2.23b)
Debt / FCF = -0.33 (Net Debt -382.5m / FCF TTM 1.17b)
Total Stockholder Equity = 3.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.48% (Net Income 1.44b / Total Assets 10.2b)
RoE = 38.42% (Net Income TTM 1.44b / Total Stockholder Equity 3.74b)
RoCE = 54.52% (EBIT 2.04b / Capital Employed (Equity 3.74b + L.T.Debt 3.95m))
RoIC = 34.90% (NOPAT 1.44b / Invested Capital 4.11b)
WACC = 12.40% (E(32.2b)/V(32.7b) * Re(12.58%) + D(541.9m)/V(32.7b) * Rd(2.22%) * (1-Tc(0.30)))
Discount Rate = 12.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -92.51 | Cagr: -2.16%
[DCF] Terminal Value 62.08% ; FCFF base≈1.19b ; Y1≈1.16b ; Y5≈1.17b
[DCF] Fair Price = 254.7 (EV 10.9b - Net Debt -382.5m = Equity 11.2b / Shares 44.1m; r=12.40% [WACC]; 5y FCF grow -3.07% → 2.50% )
EPS Correlation: 97.00 | EPS CAGR: 38.05% | SUE: 4.0 | # QB: 3
Revenue Correlation: 99.79 | Revenue CAGR: 16.28% | SUE: 2.71 | # QB: 3
EPS current Quarter (2026-09-30): EPS=8.33 | Chg30d=+11.14% | Revisions=+73% | Analysts=9
EPS current Year (2026-12-31): EPS=32.85 | Chg30d=+11.78% | Revisions=+73% | GrowthEPS=+27.0% | GrowthRev=+19.6%
EPS next Year (2027-12-31): EPS=36.75 | Chg30d=+11.61% | Revisions=+75% | GrowthEPS=+11.9% | GrowthRev=+9.9%
[Analyst] Revisions Ratio: +89% (up=25, down=0)