EMCOR Group, Inc. (EME) Income Statement
EME 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEME revenue and net income
Where EME's revenue goes
2025Each bar shows an amount and its share of revenue. EME kept 7.5% of revenue as net income.
EME profit margins
EME growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.6% | +15.3% | +14.1% | +9.7% |
| Gross profit | +18.7% | +27.0% | +18.7% | +13.3% |
| Operating income | +27.4% | +44.8% | +46.2% | +19.6% |
| Net income | +26.4% | +46.3% | +57.1% | +22.1% |
| EPS (diluted) | +20.2% | +46.9% | +35.1% | +25.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EME quarterly EPS vs estimates
EMCOR beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $8.33).
EME income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.99B | $14.57B | $12.58B | $11.08B | $9.90B | $8.80B | $9.17B | $8.13B | $7.69B | $7.55B |
| Cost of revenue | $13.70B | $11.80B | $10.49B | $9.47B | $8.40B | $7.40B | $7.82B | $6.93B | $6.54B | $6.51B |
| Gross profit | $3.28B | $2.77B | $2.09B | $1.60B | $1.50B | $1.40B | $1.36B | $1.21B | $1.15B | $1.04B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $1.71B | $1.42B | $1.16B | $1.04B | $970.9M | $903.6M | $893.5M | $799.2M | $757.1M | $725.5M |
| Total operating expenses | $1.57B | $1.42B | $1.21B | $1.04B | $970.9M | $1.14B | $895.0M | $802.4M | $818.1M | $730.9M |
| Operating income | $1.71B | $1.34B | $875.8M | $564.9M | $530.8M | $256.8M | $460.9M | $403.1M | $328.9M | $306.9M |
| Interest income | $20.0M | $35.4M | $15.4M | $2.8M | $5.1M | $1.5M | $2.3M | $2.7M | $965,000 | $663,000 |
| Interest expense | $12.0M | $3.8M | $17.2M | $13.2M | $6.1M | $9.0M | $13.8M | $13.5M | $12.8M | $12.6M |
| Income before taxes | $1.72B | $1.38B | $872.9M | $558.8M | $529.3M | $252.3M | $450.9M | $395.0M | $318.7M | $296.5M |
| Income taxes | $448.8M | $370.2M | $239.5M | $152.6M | $145.6M | $119.4M | $125.7M | $109.1M | $90.7M | $111.2M |
| Net income | $1.27B | $1.01B | $633.0M | $406.1M | $383.5M | $132.9M | $325.1M | $283.5M | $227.2M | $181.9M |
| EBITDA | $1.76B | $1.51B | $1.01B | $680.6M | $647.8M | $368.0M | $556.8M | $489.5M | $420.0M | $388.9M |
| EPS (diluted) | $25.89 | $21.54 | $13.35 | $8.17 | $7.06 | $5.76 | $5.76 | $4.91 | $4.05 | $3.09 |
| Gross margin | 19.3% | 19.0% | 16.6% | 14.5% | 15.2% | 15.9% | 14.8% | 14.8% | 14.9% | 13.7% |
| Operating margin | 10.1% | 9.2% | 7.0% | 5.1% | 5.4% | 2.9% | 5.0% | 5.0% | 4.3% | 4.1% |
| Net margin | 7.5% | 6.9% | 5.0% | 3.7% | 3.9% | 1.5% | 3.5% | 3.5% | 3.0% | 2.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.15B | $4.63B | $4.52B | $4.30B | $4.30B | $3.87B | $3.77B | $3.70B | $3.67B | $3.43B | $3.44B | $3.21B |
| Cost of revenue | $4.13B | $3.76B | $3.58B | $3.47B | $3.47B | $3.14B | $3.01B | $2.96B | $2.98B | $2.84B | $2.82B | $2.66B |
| Gross profit | $1.02B | $864.0M | $935.6M | $835.3M | $833.8M | $722.7M | $757.0M | $734.7M | $684.0M | $589.3M | $617.7M | $545.5M |
| Sales, general & admin | $475.0M | $460.1M | $462.3M | $429.6M | $418.6M | $404.0M | $351.2M | $371.2M | $351.2M | $329.4M | $328.5M | $308.1M |
| Total operating expenses | $475.0M | $460.1M | $404.0M | $429.6M | $418.6M | $404.0M | $368.5M | $371.2M | $351.2M | $329.4M | $328.5M | $310.5M |
| Operating income | $547.3M | $403.8M | $531.6M | $405.7M | $415.2M | $318.8M | $388.6M | $363.5M | $332.8M | $260.0M | $289.2M | $235.0M |
| Interest income | — | $6.2M | $16.0M | $1.8M | $3.2M | $5.4M | $9.7M | $8.3M | — | $7.5M | — | $90,000 |
| Interest expense | $4.3M | — | $3.2M | — | $3.2M | — | — | $8.3M | $6.1M | $7.5M | $12.6M | $90,000 |
| Income before taxes | $551.7M | $410.1M | $672.4M | $407.6M | $412.0M | $324.2M | $398.5M | $372.1M | $339.1M | $267.7M | $291.7M | $234.6M |
| Income taxes | $148.0M | $104.6M | $240.6M | $112.2M | $109.9M | $83.5M | $106.3M | $101.8M | $91.6M | $70.6M | $80.2M | $64.9M |
| Net income | $403.7M | $305.5M | $431.8M | $295.4M | $302.2M | $240.7M | $292.2M | $270.3M | $247.6M | $197.1M | $211.5M | $169.4M |
| EBITDA | $605.9M | $462.6M | $725.7M | $455.4M | $461.9M | $366.1M | $460.2M | $406.6M | $367.3M | $297.3M | $335.5M | $267.6M |
| EPS (diluted) | $9.06 | $6.84 | $7.19 | $6.57 | $6.72 | $5.41 | $6.32 | $5.80 | $5.25 | $4.17 | $4.47 | $3.61 |
| Gross margin | 19.8% | 18.7% | 20.7% | 19.4% | 19.4% | 18.7% | 20.1% | 19.9% | 18.7% | 17.2% | 18.0% | 17.0% |
| Operating margin | 10.6% | 8.7% | 11.8% | 9.4% | 9.6% | 8.2% | 10.3% | 9.8% | 9.1% | 7.6% | 8.4% | 7.3% |
| Net margin | 7.8% | 6.6% | 9.6% | 6.9% | 7.0% | 6.2% | 7.7% | 7.3% | 6.8% | 5.7% | 6.2% | 5.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EME's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EME financial results
In fiscal year 2025 (ended December 31, 2025), EMCOR reported revenue of $17.0 billion, up 16.6% from the year before. It had net income of $1.3 billion (up 26.4%), a net profit margin of 7.5%. Diluted earnings per share came to $25.89. Over five years revenue grew at an average rate of 14.1% a year.
See the EME stock overview for the latest quote and news, or the EME chart for price history and technical indicators.
EME income statement FAQ
What is EMCOR's annual revenue?
EMCOR reported total revenue of $17.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 16.6% from $14.6 billion the previous year.
Is EMCOR profitable?
Yes. EMCOR reported net income of $1.3 billion in fiscal 2025, a net profit margin of 7.5%; its operating margin was 10.1%.
What is EMCOR's gross margin?
EMCOR's gross margin was 19.3% in fiscal 2025: for every $100 of revenue, EMCOR kept $19 after the direct cost of its products and services.
How fast is EMCOR growing?
Revenue grew 14.1% a year on average over the last five fiscal years, from $8.8 billion to $17.0 billion.
What are EMCOR's earnings per share?
EMCOR earned $25.89 per diluted share in fiscal 2025, compared with $21.54 a year earlier.
When will EMCOR report its next earnings?
EMCOR is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does EMCOR's fiscal year end?
EMCOR's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.