EMCOR (EME)
Market Price (2/20/2026): $808.25 | Market Cap: $36.2 BilSector: Industrials | Industry: Construction & Engineering
EMCOR (EME)
Market Price (2/20/2026): $808.25Market Cap: $36.2 BilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 14% | Trading close to highsDist 52W High is -0.6%, Dist 3Y High is -0.6% | Key risksEME key risks include [1] skilled labor scarcity and wage pressures constraining project execution and profit margins, Show more. |
| Low stock price volatilityVol 12M is 41% | ||
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Renewable Energy Transition, and Smart Buildings & Proptech. Themes include Data Centers & Infrastructure, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 14% |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Renewable Energy Transition, and Smart Buildings & Proptech. Themes include Data Centers & Infrastructure, Show more. |
| Trading close to highsDist 52W High is -0.6%, Dist 3Y High is -0.6% |
| Key risksEME key risks include [1] skilled labor scarcity and wage pressures constraining project execution and profit margins, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Continued Strength in High-Growth Sectors and Robust Remaining Performance Obligations (RPOs). EMCOR maintained a strong position in high-demand markets such as data centers, manufacturing, and healthcare. Its data center segment, in particular, exhibited exceptional performance with Remaining Performance Obligations (RPOs) soaring approximately 112% year-over-year as of Q1 2025, indicating solid future revenue visibility. This momentum in RPOs was expected to continue into 2026, driven by ongoing investments in infrastructure.
2. Strategic Acquisitions Expanding Capabilities and Market Reach. EMCOR’s disciplined acquisition strategy, which included five targeted acquisitions in the first nine months of 2025 for a total consideration of $50.9 million, bolstered its technical capabilities and geographic footprint. The most significant transaction in 2025 was the acquisition of Miller Electric Company, which notably strengthened electrical construction capabilities across data centers, manufacturing, and healthcare markets and contributed significantly to revenues and operating income in the U.S. Electrical Construction and Facilities Services segment.
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Stock Movement Drivers
Fundamental Drivers
The 19.0% change in EME stock from 10/31/2025 to 2/19/2026 was primarily driven by a 19.0% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 675.38 | 803.55 | 19.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,243 | 16,243 | 0.0% |
| Net Income Margin (%) | 7.0% | 7.0% | 0.0% |
| P/E Multiple | 26.8 | 31.8 | 19.0% |
| Shares Outstanding (Mil) | 45 | 45 | 0.0% |
| Cumulative Contribution | 19.0% |
Market Drivers
10/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| EME | 19.0% | |
| Market (SPY) | 0.4% | 59.9% |
| Sector (XLI) | 13.7% | 66.2% |
Fundamental Drivers
The 28.2% change in EME stock from 7/31/2025 to 2/19/2026 was primarily driven by a 25.2% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 626.88 | 803.55 | 28.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,639 | 16,243 | 3.9% |
| Net Income Margin (%) | 7.1% | 7.0% | -1.5% |
| P/E Multiple | 25.4 | 31.8 | 25.2% |
| Shares Outstanding (Mil) | 45 | 45 | 0.1% |
| Cumulative Contribution | 28.2% |
Market Drivers
7/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| EME | 28.2% | |
| Market (SPY) | 8.6% | 53.9% |
| Sector (XLI) | 16.5% | 51.5% |
Fundamental Drivers
The 79.7% change in EME stock from 1/31/2025 to 2/19/2026 was primarily driven by a 42.2% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 447.13 | 803.55 | 79.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,235 | 16,243 | 14.1% |
| Net Income Margin (%) | 6.5% | 7.0% | 6.9% |
| P/E Multiple | 22.4 | 31.8 | 42.2% |
| Shares Outstanding (Mil) | 46 | 45 | 3.6% |
| Cumulative Contribution | 79.7% |
Market Drivers
1/31/2025 to 2/19/2026| Return | Correlation | |
|---|---|---|
| EME | 79.7% | |
| Market (SPY) | 14.7% | 61.9% |
| Sector (XLI) | 28.8% | 61.9% |
Fundamental Drivers
The 446.5% change in EME stock from 1/31/2023 to 2/19/2026 was primarily driven by a 96.4% change in the company's Net Income Margin (%).| (LTM values as of) | 1312023 | 2192026 | Change |
|---|---|---|---|
| Stock Price ($) | 147.03 | 803.55 | 446.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,766 | 16,243 | 50.9% |
| Net Income Margin (%) | 3.5% | 7.0% | 96.4% |
| P/E Multiple | 18.8 | 31.8 | 69.1% |
| Shares Outstanding (Mil) | 49 | 45 | 9.1% |
| Cumulative Contribution | 446.5% |
Market Drivers
1/31/2023 to 2/19/2026| Return | Correlation | |
|---|---|---|
| EME | 446.5% | |
| Market (SPY) | 74.7% | 54.4% |
| Sector (XLI) | 80.7% | 58.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EME Return | 40% | 17% | 46% | 111% | 35% | 28% | 772% |
| Peers Return | 54% | 6% | 28% | 55% | 41% | 19% | 441% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| EME Win Rate | 50% | 33% | 67% | 83% | 50% | 100% | |
| Peers Win Rate | 67% | 52% | 62% | 68% | 65% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| EME Max Drawdown | -3% | -24% | -4% | -2% | -25% | 0% | |
| Peers Max Drawdown | -4% | -23% | -14% | -9% | -22% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PWR, FIX, MTZ, ACM, J. See EME Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/19/2026 (YTD)
How Low Can It Go
| Event | EME | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -27.2% | -25.4% |
| % Gain to Breakeven | 37.4% | 34.1% |
| Time to Breakeven | 132 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -46.1% | -33.9% |
| % Gain to Breakeven | 85.6% | 51.3% |
| Time to Breakeven | 267 days | 148 days |
| 2018 Correction | ||
| % Loss | -31.6% | -19.8% |
| % Gain to Breakeven | 46.3% | 24.7% |
| Time to Breakeven | 127 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -70.6% | -56.8% |
| % Gain to Breakeven | 239.6% | 131.3% |
| Time to Breakeven | 1,547 days | 1,480 days |
Compare to PWR, FIX, MTZ, ACM, J
In The Past
EMCOR's stock fell -27.2% during the 2022 Inflation Shock from a high on 11/5/2021. A -27.2% loss requires a 37.4% gain to breakeven.
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About EMCOR (EME)
AI Analysis | Feedback
Here are 1-3 brief analogies for EMCOR (EME):
- The Quanta Services for the internal infrastructure of commercial buildings and industrial plants.
- The large-scale building systems contractor version of Johnson Controls, handling everything from HVAC to electrical and plumbing for major facilities.
AI Analysis | Feedback
- Electrical Construction Services: Design, installation, and maintenance of complex electrical systems for commercial, industrial, and institutional facilities.
- Mechanical Construction Services: Design, installation, and maintenance of HVAC, plumbing, piping, and fire protection systems.
- Facilities Services: Integrated facility management, operations, maintenance, and energy efficiency solutions for clients across various sectors.
- Industrial Services: Specialized mechanical and electrical maintenance, fabrication, and turnaround services for industrial and manufacturing plants.
AI Analysis | Feedback
EMCOR (Symbol: EME)
EMCOR Group Inc. primarily sells its services to other companies, organizations, and governmental entities, making it a business-to-business (B2B) operation. Due to client confidentiality and the nature of their contract-based work, EMCOR does not publicly disclose the names of its individual major customer companies. Therefore, specific customer company names and symbols cannot be provided.
Instead, EMCOR broadly categorizes its customers into the following segments:
- Commercial and Industrial Businesses: This includes a wide range of private sector companies across various industries (e.g., manufacturing, technology, retail) that require electrical, mechanical, construction, and facilities maintenance services for their buildings and infrastructure.
- Institutional Entities: This segment comprises organizations such as hospitals, universities, K-12 schools, data centers, airports, and other large-scale public and private facilities.
- Governmental Entities: EMCOR serves federal, state, and local government agencies, as well as foreign governmental entities, providing services for public infrastructure, military bases, and government facilities.
- Power and Utility Sector: This specific sector includes companies involved in power generation, transmission, and distribution, for which EMCOR provides specialized infrastructure services.
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Anthony J. Guzzi, Chairman, President and Chief Executive Officer
Anthony J. Guzzi has been the President of EMCOR Group Inc. since October 2004, Chief Executive Officer since January 3, 2011, and Chairman of the Board since June 1, 2018. Before joining EMCOR, Mr. Guzzi served as President of the North American Distribution and Aftermarket Division of Carrier Corporation from August 2001, a company involved in manufacturing and distributing commercial and residential HVAC and refrigeration systems. He previously worked as an engagement manager with McKinsey & Company from 1993 to 1996. Mr. Guzzi also served as a Light Infantry Captain in the U.S. Army from 1986 to 1991 and is Ranger qualified. He holds a Bachelor of Science from The United States Military Academy at West Point and an MBA from Harvard Business School. He co-founded the Johnny Mac Soldiers Fund, which provides educational support to children and spouses of fallen soldiers.
Jason R. Nalbandian, Senior Vice President, Chief Financial Officer, and Chief Accounting Officer
Jason R. Nalbandian was appointed Senior Vice President, Chief Financial Officer, and Chief Accounting Officer of EMCOR Group, Inc., effective April 1, 2024. He joined EMCOR in May 2014 as Director of Accounting and Analysis and has since held various positions of increasing responsibility, including Assistant Controller, Controller, and Vice President. Mr. Nalbandian served as Chief Accounting Officer since January 2022 and Senior Vice President since December 2022. Before EMCOR, he worked in the audit practice at Ernst & Young LLP. He is a Certified Public Accountant and earned both a bachelor's and a master's degree in accounting from Fairfield University.
Maxine Lum Mauricio, Chief Administrative Officer, Executive Vice President, General Counsel and Corporate Secretary
Maxine Lum Mauricio serves as Chief Administrative Officer, Executive Vice President, General Counsel and Corporate Secretary of EMCOR Group. She has held the role of General Counsel and Corporate Secretary since January 4, 2016.
Michael P. Bordes, President and CEO, EMCOR Building Services
Michael P. Bordes serves as the President and Chief Executive Officer of EMCOR Building Services.
Daniel Fitzgibbons, President and CEO, EMCOR Electrical Construction Services
Daniel Fitzgibbons is the President and Chief Executive Officer of EMCOR Electrical Construction Services.
AI Analysis | Feedback
The key risks to EMCOR's business include:- The cyclicality of the non-residential construction market and general economic conditions, which could lead to a sharp downturn in spending, slower project awards, and declining revenue and adjusted EBITDA.
- The scarcity of skilled labor and associated wage pressures, which could constrain the company's ability to execute on its project backlog and impact profit margins.
- Supply chain disruptions and inflationary trends, affecting the availability and pricing of materials and energy costs.
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EMCOR Group, Inc. (symbol: EME) operates primarily within three main divisions: Construction Services (electrical and mechanical construction), Building Services (facilities management), and Industrial Services. The addressable markets for these services are primarily in the United States.
Electrical Construction
The U.S. electrical services market was valued at approximately USD 163.9 billion in 2024 and is projected to reach USD 294.6 billion by 2034. Within this, the electrical construction market alone was valued at over USD 115 billion in 2024. Another estimate for the U.S. electrical contractors market indicates a size of USD 225.0 billion in 2022, with a projected growth to USD 283.74 billion by 2028. The Electricians industry in the United States is expected to reach an estimated total revenue of USD 312.2 billion in 2025.
Mechanical Construction
The U.S. mechanical construction services market is projected to grow by USD 70.44 billion over the next three years. More broadly, the United States mechanical, electrical, and plumbing (MEP) services market, which includes mechanical services, was valued at USD 45.32 billion in 2024 and is expected to reach USD 102.25 billion by 2032. Another report indicates the U.S. MEP services market size at USD 32.55 billion in 2025, forecasted to reach USD 45.16 billion by 2030, with mechanical services accounting for 41.5% of this market in 2024.
Facilities Management Services
The addressable market for facilities management services in the United States is substantial. In 2024, the U.S. facility management market size was valued at approximately USD 315.78 billion and is expected to grow to USD 442.89 billion by 2030. Other estimates place the U.S. facility management market size at USD 365.93 billion in 2025, projected to reach USD 422.8 billion by 2030, or around USD 373.35 billion in 2024, with a projection to reach USD 668.61 billion by 2034. Furthermore, the United States Facility Management Market is estimated to reach USD 484.71 billion by 2033.
Industrial Services
For industrial services in the U.S., the market size was valued at USD 10.32 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.37% from 2025 to 2034. Another source estimated the U.S. industrial services market at USD 8.77 billion in 2024, expecting it to reach approximately USD 16.86 billion by 2034.
AI Analysis | Feedback
EMCOR (EME) is expected to drive future revenue growth over the next two to three years through several key strategies and market dynamics:
- Robust Demand in Key End-Markets: EMCOR anticipates continued strong demand across several high-growth sectors, including data centers, traditional and high-tech manufacturing, network and communications, healthcare, water and wastewater, HVAC services, and building controls and retrofit projects. This robust project pipeline is a significant driver for future revenue.
- Strategic Acquisitions: The company utilizes strategic acquisitions to expand its capabilities and enhance its market presence in key sectors and geographies. Notable acquisitions like Miller Electric and John W. Danforth Company have contributed significantly to revenue and backlog, expanding EMCOR's service offerings.
- Growth in Remaining Performance Obligations (RPOs): EMCOR has consistently reported record levels of RPOs, which represent a strong backlog of signed projects. This substantial and growing backlog, particularly in network and communications, provides clear visibility into future revenue generation.
- Expansion of Service Offerings: EMCOR aims to expand its portfolio of service offerings to enhance its presence in existing and new core markets. This includes growing its Mechanical Services business through maintenance agreements, repair services, HVAC retrofits, and building controls upgrades.
- Sharpened Focus on U.S. Core Markets: Following the strategic divestiture of its U.K. business, EMCOR is sharpening its focus on its core U.S. markets. This move is expected to enhance operational efficiency, improve operating margins, and concentrate resources on high-growth opportunities within the United States.
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```htmlCapital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- EMCOR authorized an additional $500 million for its share repurchase program in June 2024, with no expiration date.
- The company repurchased approximately $500 million in shares during 2024.
- EMCOR authorized an additional $200 million for its share repurchase program in March 2020, adding to approximately $158.5 million remaining from a previous authorization as of December 31, 2019.
Share Issuance
- Issuances of common stock under the employee stock purchase plan amounted to $943 million in 2024.
- There were issuances of common stock under employee stock purchase plans in the second quarter of 2025.
Outbound Investments
- EMCOR completed seven acquisitions in 2024 for approximately $230 million, which enhanced growth and diversification.
- The acquisition of Miller Electric Company in early 2025 was particularly notable, reinforcing EMCOR's market position, expanding capabilities, and adding over $700 million to remaining performance obligations (RPOs).
- In the first half of 2025, EMCOR spent $887.2 million on mergers and acquisitions to expand in data centers, healthcare facilities, institutional projects, network infrastructure, and manufacturing.
Capital Expenditures
- Capital expenditures for 2024 were approximately $75 million, representing more than double the capital investment over the past three years.
- Projected capital expenditures are $83 million for 2025, $87 million for 2026, and $91 million for 2027.
- EMCOR has consistently demonstrated disciplined capital expenditures, which are a part of their balanced capital allocation strategy focused on organic investment.
Latest Trefis Analyses
Trade Ideas
Select ideas related to EME.
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|---|---|---|---|---|---|---|---|
| 01302026 | FBIN | Fortune Brands Innovations | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.1% | -5.1% | -5.1% |
| 01302026 | PAYC | Paycom Software | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -7.0% | -7.0% | -11.9% |
| 01302026 | HTZ | Hertz Global | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 2.9% | 2.9% | 0.0% |
| 01232026 | PAYX | Paychex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.5% | -11.5% | -13.3% |
| 01022026 | CPRT | Copart | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -0.7% | -0.7% | -2.8% |
| 03312020 | EME | EMCOR | Dip Buy | DB | Growth | FCF YieldDip Buy with Growth and High Free Cash Flow YieldBuying dips for companies with growth, and significant free cash flow yield (FCF / Market Cap) | 10.3% | 83.8% | -8.7% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 414.81 |
| Mkt Cap | 28.7 |
| Rev LTM | 14,859 |
| Op Inc LTM | 1,092 |
| FCF LTM | 837 |
| FCF 3Y Avg | 751 |
| CFO LTM | 944 |
| CFO 3Y Avg | 856 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.5% |
| Rev Chg 3Y Avg | 16.3% |
| Rev Chg Q | 16.9% |
| QoQ Delta Rev Chg LTM | 4.1% |
| Op Mgn LTM | 6.9% |
| Op Mgn 3Y Avg | 6.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 7.2% |
| CFO/Rev 3Y Avg | 7.7% |
| FCF/Rev LTM | 5.8% |
| FCF/Rev 3Y Avg | 6.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 28.7 |
| P/S | 1.9 |
| P/EBIT | 29.1 |
| P/E | 48.0 |
| P/CFO | 31.0 |
| Total Yield | 2.5% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 5.0% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 15.8% |
| 3M Rtn | 33.4% |
| 6M Rtn | 39.1% |
| 12M Rtn | 87.5% |
| 3Y Rtn | 222.5% |
| 1M Excs Rtn | 14.8% |
| 3M Excs Rtn | 27.8% |
| 6M Excs Rtn | 32.3% |
| 12M Excs Rtn | 77.3% |
| 3Y Excs Rtn | 157.2% |
Segment Financials
Assets by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| United States mechanical construction and facilities services | 2,243 | 1,835 | 1,673 | 1,543 | 1,536 |
| United States building services | 1,383 | 1,207 | 1,090 | 1,040 | 997 |
| United States electrical construction and facilities services | 1,244 | 1,078 | 855 | 672 | 835 |
| Corporate administration | 892 | 597 | 993 | 1,031 | 452 |
| United States industrial services | 572 | 553 | 589 | 551 | 830 |
| United Kingdom building services | 277 | 256 | 242 | 228 | 181 |
| Total | 6,610 | 5,525 | 5,441 | 5,064 | 4,830 |
Price Behavior
| Market Price | $803.55 | |
| Market Cap ($ Bil) | 36.0 | |
| First Trading Date | 12/28/1995 | |
| Distance from 52W High | -0.6% | |
| 50 Days | 200 Days | |
| DMA Price | $683.97 | $611.62 |
| DMA Trend | up | up |
| Distance from DMA | 17.5% | 31.4% |
| 3M | 1YR | |
| Volatility | 34.0% | 41.3% |
| Downside Capture | 89.93 | 149.37 |
| Upside Capture | 246.86 | 195.15 |
| Correlation (SPY) | 59.5% | 63.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.62 | 1.92 | 1.79 | 2.00 | 1.32 | 1.28 |
| Up Beta | 1.06 | 1.01 | 1.06 | 0.78 | 1.04 | 1.16 |
| Down Beta | 0.91 | 1.61 | 2.01 | 1.92 | 1.17 | 1.26 |
| Up Capture | 403% | 336% | 220% | 295% | 311% | 466% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 13 | 25 | 34 | 68 | 141 | 433 |
| Down Capture | 76% | 149% | 168% | 215% | 131% | 105% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 7 | 16 | 27 | 57 | 110 | 319 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EME | |
|---|---|---|---|---|
| EME | 86.0% | 41.2% | 1.61 | - |
| Sector ETF (XLI) | 28.6% | 19.2% | 1.18 | 62.3% |
| Equity (SPY) | 13.0% | 19.4% | 0.51 | 62.7% |
| Gold (GLD) | 71.2% | 25.5% | 2.08 | 5.2% |
| Commodities (DBC) | 7.3% | 16.9% | 0.25 | 21.6% |
| Real Estate (VNQ) | 6.4% | 16.7% | 0.20 | 29.1% |
| Bitcoin (BTCUSD) | -30.2% | 44.9% | -0.66 | 28.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EME | |
|---|---|---|---|---|
| EME | 54.0% | 32.7% | 1.38 | - |
| Sector ETF (XLI) | 16.2% | 17.2% | 0.76 | 62.4% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 55.2% |
| Gold (GLD) | 22.0% | 17.1% | 1.05 | 7.8% |
| Commodities (DBC) | 11.0% | 19.0% | 0.47 | 16.9% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 36.0% |
| Bitcoin (BTCUSD) | 6.9% | 57.1% | 0.34 | 21.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EME | |
|---|---|---|---|---|
| EME | 34.4% | 32.5% | 0.99 | - |
| Sector ETF (XLI) | 15.5% | 19.8% | 0.69 | 65.6% |
| Equity (SPY) | 15.8% | 17.9% | 0.76 | 59.5% |
| Gold (GLD) | 15.0% | 15.6% | 0.80 | 2.0% |
| Commodities (DBC) | 8.7% | 17.6% | 0.41 | 24.0% |
| Real Estate (VNQ) | 6.8% | 20.7% | 0.29 | 44.9% |
| Bitcoin (BTCUSD) | 67.7% | 66.7% | 1.07 | 18.2% |
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/30/2025 | -16.6% | -13.1% | -21.8% |
| 7/31/2025 | -1.9% | -2.7% | -1.0% |
| 2/26/2025 | 5.7% | -2.5% | -1.5% |
| 10/31/2024 | 3.3% | 16.2% | 18.1% |
| 7/25/2024 | -2.8% | 5.2% | 4.5% |
| 2/28/2024 | 10.1% | 17.0% | 26.7% |
| 10/26/2023 | 7.5% | 7.9% | 13.0% |
| 7/27/2023 | 6.0% | 14.3% | 15.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 14 | 12 |
| # Negative | 7 | 4 | 6 |
| Median Positive | 5.7% | 8.3% | 13.4% |
| Median Negative | -2.3% | -2.8% | -1.8% |
| Max Positive | 10.6% | 17.0% | 37.6% |
| Max Negative | -16.6% | -13.1% | -21.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lind, Robert Peter | VP and Controller | Direct | Sell | 1052026 | 625.09 | 0 | 200 | 2,998,557 | Form |
| 2 | Walker-Lee, Robin A | Direct | Sell | 11052025 | 677.22 | 1,325 | 897,316 | 4,158,131 | Form | |
| 3 | Lind, Robert Peter | VP and Controller | Direct | Sell | 6092025 | 485.37 | 447 | 216,960 | 2,449,332 | Form |
| 4 | Nalbandian, Jason R | SVP, CFO, Chief Acct. Officer | Direct | Sell | 6092025 | 485.54 | 750 | 364,155 | 8,823,718 | Form |
| 5 | Guzzi, Anthony | Chairman, President and CEO | Direct | Sell | 5072025 | 436.03 | 7,000 | 3,052,210 | 91,125,474 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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