EMCOR Group
Installs and services electrical and mechanical systems across complex U.S. facilities.
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Profile
Installs and maintains electrical, mechanical, plumbing, fire-protection, and building-control systems for nonresidential facilities across the United States. Construction supplies most revenue; about 100 operating subsidiaries also provide HVAC retrofits, site-based maintenance, refinery turnarounds, and heat-exchanger work under a local-execution, national-reach model.
Installs, services, operates, and protects electrical and mechanical systems and critical infrastructure for nonresidential facilities across the United States. Operations span U.S. electrical construction and facilities services, U.S. mechanical construction and facilities services, U.S. building services, and U.S. industrial services.
Serves data centers, high-tech manufacturing, healthcare, institutional, water and wastewater, commercial, and industrial customers. Construction provides most revenue; building services covers HVAC retrofits, automation, energy-efficiency work, and site-based maintenance, while industrial services handles refinery turnarounds, specialty welding, and heat-exchanger work.
About 100 operating subsidiaries retain local market and customer relationships while drawing on national financial resources, safety practices, prefabrication, and virtual design and construction. Execution depends on skilled-trade labor, disciplined project selection, and cost control; many large projects also require surety bonding.
Company facts
Categories
Key statistics
Year to date +15.8% · Average volume (30d) 399.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | D.A. Davidson | Target | $800 | $1,047 | |
| Aug 10, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $1,047 | |
| Jul 31, 2026 | UBS | Reiterate | Buy | $945 | $1,065 |
| Jul 31, 2026 | Oppenheimer | Reiterate | Outperform | $1,100 | $1,200 |
| May 28, 2026 | Oppenheimer | Target | $1,100 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $7.23 | $9.06 | +25.3% | $4.71B | $5.15B | +9.4% | +19.32% |
| Apr 29, 2026Q1 FY26 | $5.90 | $6.84 | +15.9% | $4.20B | $4.63B | +10.2% | +7.00% |
| Feb 26, 2026Q4 FY25 | $6.68 | $7.19 | +7.6% | $4.28B | $4.51B | +5.4% | −2.89% |
| Oct 30, 2025Q3 FY25 | $6.54 | $6.57 | +0.5% | $4.28B | $4.30B | +0.5% | +4.29% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.87B | $4.30B | $4.30B | $4.52B | $4.63B | $5.15B | |
| Gross profit | $722.7M | $833.8M | $835.3M | $935.6M | $864.0M | $1.02B | |
| Operating income | $318.8M | $415.2M | $405.7M | $531.6M | $403.8M | $547.3M | |
| Net income | $240.7M | $302.2M | $295.4M | $431.8M | $305.5M | $403.7M | |
| Diluted EPS | $5.26 | $6.72 | $6.57 | $9.64 | $6.84 | $8.96 | |
| Gross margin | 18.7% | 19.4% | 19.4% | 20.7% | 18.7% | 19.8% | |
| Operating margin | 8.2% | 9.6% | 9.4% | 11.8% | 8.7% | 10.6% |
Fiscal years (4-quarter sums)FY21 $9.90B · FY22 $11.08B · FY23 $12.58B · FY24 $14.57B · FY25 $16.99B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $924.4M · Total debt $6.1M · Total assets $10.16B · Shareholders' equity $4.08B
Dividends
Raised for 13 straight years — most recently to $0.40 from $0.25 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 15, 2026 | Jul 15 | Jul 31 | $0.40 | |
| Apr 16, 2026 | Apr 16 | Apr 30 | $0.40 | |
| Jan 14, 2026 | Jan 14 | Jan 30 | $0.40 | raised from $0.25 |
| Oct 15, 2025 | Oct 15 | Oct 30 | $0.25 | |
| Jul 15, 2025 | Jul 15 | Jul 31 | $0.25 | |
| Apr 17, 2025 | Apr 17 | Apr 30 | $0.25 | |
| Jan 16, 2025 | Jan 16 | Jan 31 | $0.25 | |
| Oct 15, 2024 | Oct 15 | Oct 30 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 44.11M · Float 43.78M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.12M | 9.33% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.90M | 6.58% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 1.99M | 4.51% | 13F | Aug 13, 2026 |
| State Street Corp | 1.98M | 4.49% | 13F | Aug 7, 2026 |
| FMR LLC | 1.33M | 3.03% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 17, 2026 | Carol P. Lowe | director | −950 | $844.50 |
| May 11, 2026 | William P. Reid | director | −2,000 | $925.78 |
| May 1, 2026 | John W. Altmeyer | director | −2,500 | $895.00 |
| Apr 30, 2026 | Steven Schwarzwaelder | director | −5,602 | $895.19 |
| Apr 30, 2026 | Jason R. Nalbandian | officer: SVP, CFO, Chief Acct. Officer | −800 | $856.43 |
Peers
- Comfort Systems USA
Leading MEP contractor with near-identical end markets in M&E construction.
- APi Group
Fire-safety and HVAC specialty contractor overlapping on building services.
- Quanta Services
Largest US electrical contractor; competes on data-center and commercial work.
- MasTec
Infrastructure contractor overlapping on power delivery and clean-energy work.
- Everus Construction Group
E&M and T&D specialty contractor growing rapidly on data-center electrical work.
- MYR Group
Pure-play electrical contractor in commercial, industrial, and T&D markets.
- ABM Industries
Facility solutions provider competing on technical, HVAC, and electrical work.
- IES
Specialty electrical contractor with commercial and data-center exposure.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| EMCOR Group | $736.60 | −0.41% | $32.65B | 23.1 | 21.2 | 1.8 | +19.8% |
| Comfort Systems USA | $1,521.00 | +0.17% | $53.45B | 37.4 | 28.7 | 4.8 | +50.3% |
| APi Group | $39.65 | −0.11% | $17.15B | — | 21.5 | 2.0 | +13.3% |
| Quanta Services | $603.00 | +0.10% | $90.61B | 69.0 | 33.5 | 2.8 | +41.1% |
| MasTec | $244.44 | +1.48% | $19.35B | 38.4 | 21.8 | 1.2 | +23.4% |
| Everus Construction Group | $115.73 | −0.02% | $5.91B | 23.3 | 21.0 | 1.4 | +33.7% |
| MYR Group | $295.84 | +0.52% | $4.58B | 28.0 | 22.9 | 1.1 | +20.2% |
| ABM Industries | $47.20 | +0.04% | $2.77B | 18.2 | 11.5 | 0.3 | +8.4% |
| IES | $311.36 | +0.49% | $12.34B | 17.7 | 24.7 | 3.1 | +39.6% |
| Median | 28.0 | 22.3 | 1.7 | +28.5% |