EMCOR (EME)
Market Price (4/11/2026): $802.59 | Market Cap: $35.9 BilSector: Industrials | Industry: Construction & Engineering
EMCOR (EME)
Market Price (4/11/2026): $802.59Market Cap: $35.9 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 17% Stock buyback supportStock Buyback 3Y Total is 1.2 Bil Low stock price volatilityVol 12M is 39% 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 -1.3%, Dist 3Y High is -1.3% | Stock price has recently run up significantly12M Rtn12 month market price return is 114% Key risksEME key risks include [1] skilled labor scarcity and wage pressures constraining project execution and profit margins, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 17% |
| Stock buyback supportStock Buyback 3Y Total is 1.2 Bil |
| Low stock price volatilityVol 12M is 39% |
| 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 -1.3%, Dist 3Y High is -1.3% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 114% |
| Key risksEME key risks include [1] skilled labor scarcity and wage pressures constraining project execution and profit margins, Show more. |
Qualitative Assessment
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EMCOR (EME) stock has gained about 30% since 12/31/2025 because of the following key factors:
1. Strong Q4 2025 Financial Performance Exceeded Expectations.
EMCOR reported robust financial results for the fourth quarter of 2025, with earnings per share (EPS) of $7.19, surpassing the consensus estimate of $6.68 by 7.63%. Quarterly revenue also rose significantly, increasing 19.7% year-over-year to $4.51 billion, exceeding the analyst consensus of $4.28 billion.
2. Record Backlog and Optimistic 2026 Guidance Indicate Future Growth.
The company announced record remaining performance obligations (RPO) of $13.25 billion as of December 31, 2025, representing a substantial 31.2% increase from the prior year. Additionally, EMCOR provided positive revenue guidance for 2026, projecting between $17.75 billion and $18.50 billion, alongside diluted EPS guidance of $27.25 to $29.25.
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1. Strong Q4 2025 Financial Performance Exceeded Expectations.
EMCOR reported robust financial results for the fourth quarter of 2025, with earnings per share (EPS) of $7.19, surpassing the consensus estimate of $6.68 by 7.63%. Quarterly revenue also rose significantly, increasing 19.7% year-over-year to $4.51 billion, exceeding the analyst consensus of $4.28 billion.
2. Record Backlog and Optimistic 2026 Guidance Indicate Future Growth.
The company announced record remaining performance obligations (RPO) of $13.25 billion as of December 31, 2025, representing a substantial 31.2% increase from the prior year. Additionally, EMCOR provided positive revenue guidance for 2026, projecting between $17.75 billion and $18.50 billion, alongside diluted EPS guidance of $27.25 to $29.25.
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Stock Movement Drivers
Fundamental Drivers
The 31.2% change in EME stock from 12/31/2025 to 4/10/2026 was primarily driven by a 16.3% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 611.43 | 802.43 | 31.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,243 | 16,986 | 4.6% |
| Net Income Margin (%) | 7.0% | 7.5% | 7.7% |
| P/E Multiple | 24.2 | 28.2 | 16.3% |
| Shares Outstanding (Mil) | 45 | 45 | 0.2% |
| Cumulative Contribution | 31.2% |
Market Drivers
12/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| EME | 31.2% | |
| Market (SPY) | -5.4% | 56.5% |
| Sector (XLI) | 10.6% | 65.9% |
Fundamental Drivers
The 23.7% change in EME stock from 9/30/2025 to 4/10/2026 was primarily driven by a 8.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 648.91 | 802.43 | 23.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,639 | 16,986 | 8.6% |
| Net Income Margin (%) | 7.1% | 7.5% | 6.0% |
| P/E Multiple | 26.3 | 28.2 | 7.0% |
| Shares Outstanding (Mil) | 45 | 45 | 0.3% |
| Cumulative Contribution | 23.7% |
Market Drivers
9/30/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| EME | 23.7% | |
| Market (SPY) | -2.9% | 56.2% |
| Sector (XLI) | 11.6% | 54.8% |
Fundamental Drivers
The 117.5% change in EME stock from 3/31/2025 to 4/10/2026 was primarily driven by a 67.3% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 368.87 | 802.43 | 117.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,566 | 16,986 | 16.6% |
| Net Income Margin (%) | 6.9% | 7.5% | 8.4% |
| P/E Multiple | 16.8 | 28.2 | 67.3% |
| Shares Outstanding (Mil) | 46 | 45 | 2.9% |
| Cumulative Contribution | 117.5% |
Market Drivers
3/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| EME | 117.5% | |
| Market (SPY) | 16.3% | 60.3% |
| Sector (XLI) | 32.3% | 62.4% |
Fundamental Drivers
The 397.6% change in EME stock from 3/31/2023 to 4/10/2026 was primarily driven by a 104.4% change in the company's Net Income Margin (%).| (LTM values as of) | 3312023 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 161.25 | 802.43 | 397.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,076 | 16,986 | 53.4% |
| Net Income Margin (%) | 3.7% | 7.5% | 104.4% |
| P/E Multiple | 18.9 | 28.2 | 48.8% |
| Shares Outstanding (Mil) | 48 | 45 | 6.7% |
| Cumulative Contribution | 397.6% |
Market Drivers
3/31/2023 to 4/10/2026| Return | Correlation | |
|---|---|---|
| EME | 397.6% | |
| Market (SPY) | 63.3% | 55.3% |
| Sector (XLI) | 76.8% | 59.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EME Return | 40% | 17% | 46% | 111% | 35% | 31% | 792% |
| Peers Return | 54% | 6% | 28% | 55% | 41% | 32% | 500% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| EME Win Rate | 50% | 33% | 67% | 83% | 50% | 100% | |
| Peers Win Rate | 67% | 52% | 62% | 68% | 65% | 75% | |
| 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% | -4% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[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 4/10/2026 (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)
EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services. The company also provides building services that cover commercial and government site-based operations and maintenance; facility management, maintenance, and services; outage services to utilities and industrial plants; military base operations support services; mobile mechanical maintenance and services; services for indoor air quality; floor care and janitorial services; landscaping, lot sweeping, and snow removal services; vendor management and call center services; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic services; infrastructure and building projects; small modification and retrofit projects; and other building services. It offers industrial services to oil, gas, and petrochemical industries. EMCOR Group, Inc. was incorporated in 1987 and is headquartered in Norwalk, Connecticut.
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Here are a few brief analogies for EMCOR (EME):
They're like a highly technical and comprehensive ABM Industries, providing everything from specialized electrical and mechanical construction to ongoing facility management for major commercial and industrial sites.
Imagine them as a super-sized, service-focused Johnson Controls, handling the design, installation, and maintenance of all critical electrical, mechanical, and energy systems within large buildings and industrial facilities.
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- Electrical Infrastructure & Systems: Provides design, installation, and maintenance for electrical power, lighting, low-voltage, data, and communication systems.
- Mechanical & HVAC Systems: Offers services for heating, ventilation, air conditioning, refrigeration, plumbing, piping, and fire protection systems.
- Industrial & Fabrication Services: Delivers specialized services including crane and rigging, millwright, steel fabrication, and services for the oil, gas, and petrochemical industries.
- Facilities Management & Maintenance: Offers comprehensive operations, maintenance, and support services for commercial, government, and industrial facilities.
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EMCOR Group, Inc. (EME) primarily provides its electrical and mechanical construction, and facilities services to other companies and governmental entities. The provided description outlines the types of industries and organizations it serves rather than naming specific customer companies. Based on this, EMCOR's major customers can be categorized as follows:
- Commercial and Governmental Clients: This category includes entities requiring site-based operations and maintenance, facility management, building services, and military base operations support. This encompasses commercial properties, various government facilities, and military installations.
- Industrial Sector: EMCOR serves a wide array of industrial clients, particularly within the refining, chemical processing, food processing, oil, gas, and petrochemical industries. Services to this sector include process instrumentation, industrial services, and construction/maintenance for complex industrial plants.
- Utilities: This category encompasses electrical utilities and industrial plants that require services related to electrical power transmission, distribution, and generation systems, as well as outage services and central plant heating and cooling systems.
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Anthony J. Guzzi, Chairman, President and Chief Executive Officer
Mr. Guzzi joined EMCOR in October 2004, becoming Chief Executive Officer in January 2011 and Chairman in June 2018. Prior to his tenure at EMCOR, he served as President of the North American Distribution & Aftermarket Division of Carrier Corporation from 1997 to 2004. He was also an engagement manager at McKinsey & Co. from 1993 to 1996. Mr. Guzzi served in the U.S. Army as a Light Infantry Captain from 1986 to 1991 and is Ranger qualified. He is also a co-founder of the Johnny Mac Soldiers Fund.
Jason R. Nalbandian, Senior Vice President, Chief Financial Officer, and Chief Accounting Officer
Mr. Nalbandian was appointed Senior Vice President, Chief Financial Officer, and Chief Accounting Officer effective April 1, 2024. He joined EMCOR in May 2014. Previously, he held positions as Chief Accounting Officer since January 2022, Senior Vice President since December 2022, Controller from 2019 to 2022, Assistant Controller from 2017 to 2019, and Director of Accounting and Analysis from 2014 to 2017. Before joining EMCOR, Mr. Nalbandian worked in the assurance practice of Ernst & Young LLP.
Maxine Lum Mauricio, Chief Administrative Officer, Executive Vice President, General Counsel and Corporate Secretary
Ms. Mauricio serves as Chief Administrative Officer, Executive Vice President, General Counsel and Corporate Secretary. She has served as General Counsel and Corporate Secretary at EMCOR Group Inc. since January 4, 2016.
Michael P. Bordes, President and CEO, EMCOR Building Services
Mr. Bordes is the President and Chief Executive Officer of EMCOR Building Services.
Daniel Fitzgibbons, President and CEO, EMCOR Electrical Construction Services
Mr. Fitzgibbons serves as the President and Chief Executive Officer of EMCOR Electrical Construction Services.
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The key risks to EMCOR Group, Inc.'s (EME) business include its sensitivity to economic fluctuations, challenges related to labor availability and cost, and the increasing complexity and execution demands of its projects.
- Economic Cyclicality and Market Sensitivity to Economic Fluctuations: EMCOR's operations are highly sensitive to changes in the broader economy, which can lead to volatility in demand for its services. Economic downturns or uncertainty can result in project delays or cancellations, directly impacting the company's revenue streams.
- Labor Challenges: The company faces risks associated with a tight labor market, including a scarcity of skilled labor and persistent wage pressures. These factors can increase operational costs and potentially squeeze profit margins.
- Project Complexity and Execution Challenges: While EMCOR is experiencing growth in large, complex projects, particularly in areas like data center construction, these projects introduce inherent risks. These can include challenges related to contract structure changes and the intricacies of execution, which could impact margins and overall project success.
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EMCOR Group, Inc. (symbol: EME) operates within several significant addressable markets across its electrical and mechanical construction and facilities services offerings, primarily in the United States and the United Kingdom. The market sizes for its main products and services are detailed below:
United States Market Sizes:
- Electrical Construction and Services: The U.S. electrical contractors market was valued at approximately USD 237.59 billion in 2023 and is projected to reach USD 256.65 billion by 2029. Another estimate places the U.S. electrical services market at USD 163.9 billion in 2024, with a projection to reach USD 294.6 billion by 2034. The electrical construction segment alone was valued at over USD 115 billion in 2024.
- HVAC Services: The U.S. HVAC services market is estimated to generate USD 26.9 billion in revenue in 2024, with a forecast to grow to USD 32.9 billion by 2030.
- Plumbing Services: The U.S. plumbing market is valued at approximately USD 134 billion. Another source states the market size for plumbers in the U.S. is projected to be USD 191.4 billion in 2026.
- Fire Protection Systems: The U.S. fire protection system market size was estimated at USD 25.94 billion in 2024 and is projected to reach USD 32.26 billion by 2030.
- Facility Management: The U.S. facility management market size was valued at around USD 315.78 billion in 2024 and is expected to reach USD 442.89 billion by 2030. Hard services, a key offering by EMCOR, held 58.45% of the United States facility management market share in 2025.
- Mechanical, Electrical, and Plumbing (MEP) Services: The North America mechanical, electrical, and plumbing service market was estimated at USD 31,348.1 million (approximately USD 31.3 billion) in 2023 and is projected to reach USD 51,411.4 million (approximately USD 51.4 billion) by 2030.
United Kingdom Market Sizes:
- Electrical Installation/Contracting: The electrical installation industry in the United Kingdom is valued at £21.8 billion (approximately USD 27.7 billion) in 2026. The market size for electricians in the UK was £35.9 billion (approximately USD 45.6 billion) in 2024.
- Mechanical & Electrical (M&E) Contracting: The UK M&E contracting market is valued at approximately £20 billion (approximately USD 25.4 billion). It is expected to reach almost £21 billion (approximately USD 26.7 billion) in the next year (from May 2024).
- Facility Management: The United Kingdom facility management market is valued at USD 83.29 billion in 2026 and is forecast to reach USD 95.24 billion by 2031. Hard services, which include mechanical and electrical maintenance, held 60.12% of the UK facility management market share in 2025.
Global Market Sizes (relevant for aspects of EMCOR's operations):
- Electrical Construction: The global electrical construction market size was valued at US$ 450.5 billion in 2026 and is projected to reach US$ 712.8 billion by 2033.
- Fire Protection Systems: The global fire protection systems market was estimated at USD 81.4 billion in 2025 and is expected to grow to USD 160.9 billion by 2035.
- Low Voltage Products and Systems: The global Low Voltage Product and System Market is projected to reach a valuation of USD 158.9 billion in 2023, anticipated to reach USD 278.7 billion by 2032.
- Smart Building Market: This market, which relates to EMCOR's energy solutions and building systems, is projected to expand from USD 143.0 billion in 2025 to USD 548.5 billion by 2032 globally.
- Facility Management: The global facility management market size was accounted for USD 1.46 trillion in 2024 and is expected to reach around USD 2.38 trillion by 2034.
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Expected Drivers of Future Revenue Growth for EMCOR (EME)
EMCOR Group, Inc. (EME) is poised for future revenue growth over the next 2-3 years, driven by several key factors:
- Demand from Data Centers and AI Infrastructure: EMCOR anticipates significant revenue growth from the robust demand for data centers and artificial intelligence (AI) infrastructure. This is a frequently cited driver, particularly impacting its Network & Communications segment and U.S. Electrical Construction services.
- Secular Megatrends: The company is benefiting from broad, long-term secular trends, including electrification, the reshoring and nearshoring of manufacturing, the ongoing energy transition, and increased focus on efficiency and sustainability. These trends generate demand across various industrial and energy infrastructure projects, as well as alternative energy and water & wastewater initiatives.
- Strategic Acquisitions: EMCOR actively pursues strategic acquisitions to expand its capabilities and market presence, contributing to overall revenue and earnings growth. Recent examples include the acquisition of Miller Electric Company, which has bolstered its U.S. Electrical revenue.
- Strong Project Backlog and Broad End-Market Demand: The company consistently reports a record or healthy backlog of remaining performance obligations (RPOs), providing strong visibility into future revenue. This backlog is supported by broad-based demand across diverse end markets, including high-tech manufacturing (semiconductors, biotech, life sciences, and pharmaceutical), healthcare, and robust opportunities in fire life safety projects and HVAC aftermarket services.
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Share Repurchases
- In December 2025, EMCOR's Board of Directors authorized an additional $500 million for share repurchases under its existing program.
- The company spent approximately $579 million on share repurchases in 2025 and $489.82 million in 2024.
- As of December 31, 2025, approximately $680.6 million in share repurchase authorization remained.
Share Issuance
- EMCOR's shares outstanding saw declines of 3.55% in 2025, 1.59% in 2024, and 5.13% in 2023, indicating net repurchases over issuances during this period.
Outbound Investments
- EMCOR acquired Miller Electric Company for approximately $865 million in February 2025, significantly enhancing its electrical construction capabilities, particularly in data centers, manufacturing, and healthcare markets.
- The company completed six acquisitions in 2025, including Miller Electric and five smaller firms, which totaled approximately $50.9 million (excluding Miller Electric) in the first nine months of 2025, aiming to deepen capabilities in electrical, mechanical, controls, and fire protection.
- In December 2025, EMCOR divested its United Kingdom operations for $255 million, allowing the company to sharpen its focus on U.S. markets.
Capital Expenditures
- Capital expenditures (purchases of property, plant, and equipment) amounted to $112.75 million in 2025 and $74.95 million in 2024.
- Quarterly capital expenditures for property, plant, and equipment remained moderate and predictable throughout 2025, ranging from approximately $26.1 million to $31.9 million.
- Organic investments are focused on virtual design construction (VDC), prefabrication, and field productivity.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | NSP | Insperity | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | TNC | Tennant | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | ADP | Automatic Data Processing | 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 | 1.0% | 1.0% | 0.0% |
| 03272026 | HURN | Huron Consulting | 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 | 4.0% | 4.0% | 0.0% |
| 03272026 | TRU | TransUnion | 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 | 5.2% | 5.2% | 0.0% |
| 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% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 473.29 |
| Mkt Cap | 32.0 |
| Rev LTM | 15,128 |
| Op Inc LTM | 1,192 |
| FCF LTM | 953 |
| FCF 3Y Avg | 798 |
| CFO LTM | 1,073 |
| CFO 3Y Avg | 912 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 16.4% |
| Rev Chg 3Y Avg | 14.6% |
| Rev Chg Q | 17.7% |
| QoQ Delta Rev Chg LTM | 4.2% |
| Op Mgn LTM | 6.9% |
| Op Mgn 3Y Avg | 6.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 7.7% |
| CFO/Rev 3Y Avg | 8.1% |
| FCF/Rev LTM | 6.3% |
| FCF/Rev 3Y Avg | 6.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 32.0 |
| P/S | 2.0 |
| P/EBIT | 30.8 |
| P/E | 44.3 |
| P/CFO | 33.4 |
| Total Yield | 2.7% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 5.1% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.3% |
| 3M Rtn | 31.4% |
| 6M Rtn | 30.6% |
| 12M Rtn | 118.7% |
| 3Y Rtn | 279.2% |
| 1M Excs Rtn | 6.7% |
| 3M Excs Rtn | 36.3% |
| 6M Excs Rtn | 22.9% |
| 12M Excs Rtn | 96.2% |
| 3Y Excs Rtn | 218.7% |
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| United States mechanical construction and facilities services | 2,659 | 2,243 | 1,835 | 1,673 | 1,543 |
| Corporate administration | 1,456 | 892 | 597 | 993 | 1,031 |
| United States building services | 1,396 | 1,383 | 1,207 | 1,090 | 1,040 |
| United States electrical construction and facilities services | 1,315 | 1,244 | 1,078 | 855 | 672 |
| United States industrial services | 607 | 572 | 553 | 589 | 551 |
| United Kingdom building services | 284 | 277 | 256 | 242 | 228 |
| Total | 7,716 | 6,610 | 5,525 | 5,441 | 5,064 |
Price Behavior
Price Behavior
| Market Price | $802.43 | |
| Market Cap ($ Bil) | 35.9 | |
| First Trading Date | 12/28/1995 | |
| Distance from 52W High | -1.3% | |
| 50 Days | 200 Days | |
| DMA Price | $752.47 | $660.44 |
| DMA Trend | up | up |
| Distance from DMA | 6.6% | 21.5% |
| 3M | 1YR | |
| Volatility | 39.7% | 38.0% |
| Downside Capture | 0.19 | 0.76 |
| Upside Capture | 217.36 | 196.67 |
| Correlation (SPY) | 51.4% | 54.6% |
EME Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.68 | 1.69 | 1.71 | 1.96 | 1.27 | 1.32 |
| Up Beta | 1.61 | 2.57 | 1.96 | 1.34 | 1.05 | 1.21 |
| Down Beta | 2.29 | 1.88 | 1.55 | 1.83 | 1.15 | 1.31 |
| Up Capture | 222% | 198% | 283% | 327% | 308% | 496% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 14 | 25 | 38 | 74 | 148 | 434 |
| Down Capture | 90% | 113% | 106% | 166% | 122% | 105% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 8 | 17 | 25 | 52 | 104 | 317 |
[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 | 127.7% | 39.4% | 2.17 | - |
| Sector ETF (XLI) | 49.1% | 17.9% | 2.08 | 61.2% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 58.9% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | 8.3% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 15.1% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 25.3% |
| Bitcoin (BTCUSD) | -5.7% | 43.7% | -0.01 | 28.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EME | |
|---|---|---|---|---|
| EME | 48.2% | 32.9% | 1.26 | - |
| Sector ETF (XLI) | 13.1% | 17.3% | 0.59 | 62.1% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 55.7% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 8.7% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 16.5% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 35.6% |
| Bitcoin (BTCUSD) | 4.0% | 56.5% | 0.29 | 21.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EME | |
|---|---|---|---|---|
| EME | 32.9% | 32.8% | 0.95 | - |
| Sector ETF (XLI) | 13.8% | 19.9% | 0.61 | 65.7% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 59.5% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 2.8% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 23.7% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 44.6% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.07 | 18.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/26/2026 | -6.9% | -7.6% | -9.4% |
| 10/30/2025 | -16.6% | -13.1% | -21.8% |
| 7/31/2025 | -1.9% | -2.7% | -1.0% |
| 2/26/2025 | -4.3% | -6.7% | -9.9% |
| 10/31/2024 | 3.3% | 16.2% | 18.1% |
| 7/25/2024 | 5.0% | 5.6% | 10.3% |
| 2/28/2024 | 2.6% | 6.6% | 14.7% |
| 10/26/2023 | -0.3% | 0.7% | 6.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 12 | 12 |
| # Negative | 7 | 6 | 6 |
| Median Positive | 3.7% | 5.8% | 10.0% |
| Median Negative | -2.6% | -4.8% | -6.4% |
| Max Positive | 6.8% | 16.2% | 37.6% |
| Max Negative | -16.6% | -13.1% | -21.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/26/2026 | 10-K |
| 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 |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 17.75 Bil | 18.12 Bil | 18.50 Bil | 8.2% | Higher New | Actual: 16.75 Bil for 2025 | |
| 2026 Operating Margin | 9.0% | 9.2% | 9.4% | -1.1% | -0.1% | Lower New | Actual: 9.3% for 2025 |
| 2026 EPS | 27.2 | 28.2 | 29.2 | 11.3% | Higher New | Actual: 25.4 for 2025 | |
Prior: Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 16.70 Bil | 16.75 Bil | 16.80 Bil | 0.6% | Raised | Guidance: 16.65 Bil for 2025 | |
| 2025 Operating Margin | 9.2% | 9.3% | 9.4% | 1.1% | 0.1% | Raised | Guidance: 9.2% for 2025 |
| 2025 EPS | 25 | 25.4 | 25.8 | 1.0% | Raised | Guidance: 25.1 for 2025 | |
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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