EMCOR Group, Inc. (EME) Key Metrics
EME valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $31.83B
- Enterprise value
- $32.78B
- P/E (TTM)
- 22.5 10-yr median 19.7
- Forward P/E
- 19.8
- PEG ratio
- 0.31
- Price / sales
- 1.7 10-yr median 0.7
- Price / book
- 8.1 10-yr median 3.0
- EV / EBITDA
- 15.2 10-yr median 11.0
- Dividend yield
- 0.22% $1.60 a year
- Beta
- 1.12
EME key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsEME valuation Price multiples at each fiscal year-end price.
EME returns How much profit the business earns on the capital it uses.
EME per-share figures Results divided by the shares outstanding at year-end.
EME financial health Debt, liquidity and how easily interest is covered.
EME efficiency & capital use Working capital cycle and where the cash goes.
EME valuation history
EME returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EME debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EME cash returned to shareholders
EME price vs earnings per share
EME key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $27.56B | $21.25B | $10.25B | $7.43B | $6.92B | $5.07B | $4.88B | $3.49B | $4.87B | $4.33B |
| Enterprise value | $26.92B | $20.26B | $9.80B | $7.50B | $6.64B | $4.70B | $5.09B | $3.42B | $4.72B | $4.29B |
| P/E ratio | 21.7 | 21.1 | 16.2 | 18.3 | 18.1 | 38.1 | 15.0 | 12.3 | 21.5 | 23.8 |
| Price / sales | 1.6 | 1.5 | 0.8 | 0.7 | 0.7 | 0.6 | 0.5 | 0.4 | 0.6 | 0.6 |
| Price / book | 7.5 | 7.2 | 4.1 | 3.8 | 3.1 | 2.5 | 2.4 | 2.0 | 2.9 | 2.8 |
| Price / free cash flow | 23.2 | 15.9 | 12.5 | 16.6 | 24.5 | 6.7 | 15.9 | 15.3 | 14.7 | 19.3 |
| Price / operating cash flow | 21.2 | 15.1 | 11.4 | 14.9 | 21.7 | 6.3 | 13.7 | 12.9 | 13.3 | 16.4 |
| EV / sales | 1.6 | 1.4 | 0.8 | 0.7 | 0.7 | 0.5 | 0.6 | 0.4 | 0.6 | 0.6 |
| EV / EBITDA | 15.3 | 13.4 | 9.7 | 11.0 | 10.3 | 12.8 | 9.1 | 7.0 | 11.2 | 11.0 |
| EV / free cash flow | 22.6 | 15.2 | 11.9 | 16.7 | 23.5 | 6.2 | 16.6 | 15.0 | 14.2 | 19.1 |
| Earnings yield | 4.6% | 4.7% | 6.2% | 5.5% | 5.5% | 2.6% | 6.7% | 8.1% | 4.7% | 4.2% |
| Free cash flow yield | 4.3% | 6.3% | 8.0% | 6.0% | 4.1% | 15.0% | 6.3% | 6.5% | 6.8% | 5.2% |
| Dividend yield | 0.2% | 0.2% | 0.3% | 0.4% | 0.4% | 0.3% | 0.4% | 0.5% | 0.4% | 0.4% |
| Shareholder yield (dividends + buybacks) | 2.3% | 2.5% | 1.6% | 9.3% | 3.2% | 2.6% | 0.4% | 6.7% | 2.3% | 2.6% |
| Share price at fiscal year-end | $611.79 | $453.90 | $215.43 | $148.11 | $127.39 | $91.46 | $86.30 | $59.69 | $81.75 | $70.76 |
| Per share | ||||||||||
| Revenue per share | $377.05 | $311.19 | $264.54 | $220.92 | $182.23 | $158.73 | $162.33 | $139.12 | $128.94 | $123.38 |
| Earnings per share | $28.25 | $21.52 | $13.31 | $8.10 | $7.06 | $2.40 | $5.75 | $4.85 | $3.81 | $2.97 |
| Operating cash flow per share | $28.90 | $30.08 | $18.91 | $9.93 | $5.87 | $14.55 | $6.29 | $4.64 | $6.14 | $4.32 |
| Free cash flow per share | $26.40 | $28.48 | $17.27 | $8.95 | $5.20 | $13.68 | $5.44 | $3.89 | $5.56 | $3.67 |
| Cash per share | $24.68 | $28.62 | $16.60 | $9.10 | $15.11 | $16.29 | $6.35 | $6.23 | $7.84 | $7.59 |
| Book value per share | $81.55 | $62.76 | $51.93 | $39.36 | $41.44 | $37.04 | $36.40 | $29.78 | $28.07 | $25.11 |
| Tangible book value per share | $25.59 | $27.15 | $19.49 | $9.18 | $14.22 | $11.15 | $6.75 | $4.47 | $3.58 | $1.14 |
| Dividends per share | $1.00 | $0.93 | $0.69 | $0.54 | $0.52 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 |
| Capex per share | $2.50 | $1.60 | $1.65 | $0.98 | $0.67 | $0.87 | $0.86 | $0.74 | $0.58 | $0.65 |
| Debt per share | $10.39 | $7.45 | $7.26 | $10.67 | $9.94 | $9.66 | $10.09 | $5.06 | $5.20 | $6.92 |
| Shares outstanding | 45.1M | 46.8M | 47.6M | 50.1M | 54.3M | 55.4M | 56.5M | 58.4M | 59.6M | 61.2M |
| Change in shares outstanding | −3.8% | −1.6% | −5.1% | −7.7% | −1.9% | −1.9% | −3.3% | −2.0% | −2.6% | −3.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 38.5% | 37.3% | 28.5% | 19.2% | 17.8% | 6.5% | 17.1% | 16.6% | 14.2% | 12.1% |
| Return on invested capital (ROIC) | 50.9% | 49.5% | 31.2% | 20.4% | 21.0% | 6.8% | 16.9% | 18.3% | 15.6% | 13.7% |
| Return on assets (ROA) | 15.0% | 14.1% | 10.4% | 7.4% | 7.3% | 2.7% | 7.3% | 7.0% | 5.8% | 4.9% |
| Return on tangible assets | 18.8% | 16.6% | 12.5% | 10.1% | 9.7% | 3.7% | 10.3% | 10.9% | 9.1% | 7.5% |
| Free cash flow margin | 7.0% | 9.2% | 6.5% | 4.1% | 2.9% | 8.6% | 3.3% | 2.8% | 4.3% | 3.0% |
| Income quality (OCF / net income) | 1.02 | 1.40 | 1.42 | 1.23 | 0.83 | 6.07 | 1.09 | 0.96 | 1.61 | 1.45 |
| Financial health | ||||||||||
| Total debt | $468.2M | $348.9M | $345.3M | $535.2M | $540.3M | $535.5M | $570.3M | $295.8M | $310.1M | $423.3M |
| Cash & short-term investments | $1.11B | $1.34B | $789.8M | $456.4M | $821.3M | $902.9M | $358.8M | $363.9M | $467.4M | $464.6M |
| Net debt | −$643.8M | −$990.6M | −$444.5M | $78.7M | −$281.0M | −$367.3M | $211.5M | −$68.1M | −$157.3M | −$41.3M |
| Debt / equity | 0.13 | 0.12 | 0.14 | 0.27 | 0.24 | 0.26 | 0.28 | 0.17 | 0.19 | 0.28 |
| Debt / assets | 0.05 | 0.05 | 0.05 | 0.10 | 0.10 | 0.11 | 0.12 | 0.07 | 0.08 | 0.11 |
| Net debt / EBITDA | −0.36 | −0.65 | −0.44 | 0.12 | −0.43 | −1.00 | 0.38 | −0.14 | −0.37 | −0.11 |
| Current ratio | 1.22 | 1.30 | 1.26 | 1.26 | 1.44 | 1.44 | 1.37 | 1.38 | 1.38 | 1.46 |
| Quick ratio | 1.19 | 1.27 | 1.23 | 1.23 | 1.41 | 1.42 | 1.35 | 1.35 | 1.36 | 1.44 |
| Interest coverage | 142.5 | 355.9 | 50.9 | 42.8 | 87.4 | 28.5 | 33.3 | 29.8 | 25.8 | 24.3 |
| Working capital | $1.07B | $1.24B | $928.6M | $708.5M | $1.03B | $957.7M | $721.3M | $651.8M | $633.6M | $699.1M |
| Invested capital | $3.03B | $1.95B | $2.03B | $2.05B | $1.97B | $1.69B | $2.27B | $1.67B | $1.52B | $1.50B |
| Tangible asset value | $1.15B | $1.27B | $928.2M | $461.2M | $773.5M | $618.6M | $382.4M | $262.3M | $214.2M | $112.6M |
| Net current asset value | $320.9M | $611.4M | $308.1M | −$88.3M | $202.6M | $110.3M | −$112.7M | $38.8M | −$7.3M | −$103.6M |
| Graham number | $227.69 | $174.31 | $124.69 | $84.70 | $81.12 | $44.71 | $68.64 | $57.02 | $49.06 | $40.98 |
| Graham net-net per share | −$22.36 | −$10.55 | −$14.48 | −$18.36 | −$9.46 | −$9.21 | −$13.04 | −$8.78 | −$8.47 | −$9.99 |
| Capital allocation | ||||||||||
| Dividends paid | $45.0M | $43.4M | $32.7M | $27.2M | $28.2M | $17.7M | $17.9M | $18.6M | $19.0M | $19.5M |
| Share buybacks (net) | $586.3M | $489.8M | $127.7M | $660.6M | $195.5M | $112.6M | $0 | $216.2M | $93.2M | $94.2M |
| Dividend payout ratio | 3.5% | 4.3% | 5.2% | 6.7% | 7.3% | 13.3% | 5.5% | 6.6% | 8.4% | 10.7% |
| Dividends + buybacks / free cash flow | 53.1% | 40.0% | 19.5% | 153.3% | 79.2% | 17.2% | 5.8% | 103.2% | 33.8% | 50.5% |
| Capex / revenue | 0.7% | 0.5% | 0.6% | 0.4% | 0.4% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% |
| Capex / operating cash flow | 8.7% | 5.3% | 8.7% | 9.9% | 11.4% | 5.9% | 13.6% | 16.0% | 9.5% | 15.0% |
| Capex / depreciation | 0.60 | 0.56 | 0.66 | 0.45 | 0.32 | 0.45 | 0.53 | 0.54 | 0.39 | 0.50 |
| Stock-based compensation / revenue | −0.0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| SG&A / revenue | 10.1% | 9.7% | 9.2% | 9.4% | 9.8% | 10.3% | 9.7% | 9.8% | 9.8% | 9.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 90.7 | 91.9 | 91.6 | 86.9 | 83.5 | 89.3 | 82.4 | 82.2 | 79.7 | 75.0 |
| Days of inventory on hand | 3.0 | 3.2 | 3.4 | 2.7 | 2.3 | 2.3 | 1.9 | 2.2 | 2.2 | 2.1 |
| Days payables outstanding | 28.8 | 29.0 | 31.0 | 30.5 | 30.5 | 33.0 | 30.8 | 32.1 | 29.8 | 27.7 |
| Cash conversion cycle (days) | 64.8 | 66.1 | 63.9 | 59.1 | 55.2 | 58.6 | 53.5 | 52.3 | 52.1 | 49.4 |
| Receivables turnover | 4.02 | 3.97 | 3.99 | 4.20 | 4.37 | 4.09 | 4.43 | 4.44 | 4.58 | 4.87 |
| Payables turnover | 12.66 | 12.60 | 11.76 | 11.96 | 11.95 | 11.07 | 11.87 | 11.35 | 12.24 | 13.17 |
| Inventory turnover | 123.50 | 114.33 | 106.85 | 135.57 | 156.41 | 157.85 | 188.93 | 162.86 | 163.19 | 173.76 |
| Asset turnover | 2.00 | 2.03 | 2.07 | 2.02 | 1.89 | 1.78 | 2.06 | 2.02 | 1.96 | 2.03 |
| Average receivables | $4.22B | $3.67B | $3.16B | $2.64B | $2.26B | $2.15B | $2.07B | $1.83B | $1.68B | $1.55B |
| Average payables | $1.08B | $936.5M | $892.6M | $791.8M | $703.1M | $668.6M | $658.7M | $610.0M | $534.5M | $494.7M |
| Average inventory | $111.0M | $103.2M | $98.2M | $69.9M | $53.7M | $46.9M | $41.4M | $42.5M | $40.1M | $37.5M |
| Intangibles / total assets | 27.1% | 21.6% | 23.3% | 27.4% | 27.2% | 28.3% | 34.7% | 36.2% | 36.8% | 37.7% |
Computed from EME's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
EME valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), EMCOR traded at 21.7 times earnings, against a 10-year median of 19.7. Based on the latest twelve months, the trailing P/E is 22.5 and the forward P/E is 19.8. EMCOR earned a return on equity of 38.5% and a return on invested capital of 50.9% in fiscal 2025. It ended the year with $468.2 million of debt and $1.1 billion in cash and short-term investments, a net cash position of $643.8 million. It returned $631.3 million to shareholders: $45.0 million in dividends and $586.3 million in share buybacks, 53% of free cash flow. The share count fell 26.4% from 61.2M to 45.1M over 9 years.
See the EME income statement, the EME chart for price history, or the EME stock overview for the latest quote and news.
EME key metrics FAQ
What is EMCOR's P/E ratio?
EMCOR's trailing P/E ratio is 22.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.8. At the end of fiscal 2025 it was 21.7, compared with a 10-year median of 19.7.
What is EMCOR's EV/EBITDA?
EMCOR's enterprise value was 15.3 times EBITDA at the end of fiscal 2025 (enterprise value $26.9 billion, EBITDA $1.8 billion); the current EV/EBITDA is 15.2.
What is EMCOR's return on equity?
EMCOR's return on equity (ROE) was 38.5% in fiscal 2025: net income of $1.3 billion on average shareholders' equity of $3.3 billion.
What is EMCOR's ROIC?
EMCOR's return on invested capital was 50.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does EMCOR have?
EMCOR had total debt of $468.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.13 and more cash than debt.
What is EMCOR's dividend yield?
EMCOR's forward dividend yield is 0.22%. EMCOR paid $45.0 million in dividends in fiscal 2025 ($1.00 per share), a payout ratio of 3.5%.
Does EMCOR buy back its shares?
Yes. EMCOR spent $586.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.8% over the year, to 45.1M..
What is EMCOR's free cash flow yield?
EMCOR generated $1.2 billion of free cash flow in fiscal 2025, a free cash flow yield of 4.3% on its market value at year-end ($27.6 billion).
What is EMCOR's current ratio?
EMCOR's current ratio was 1.22 at the end of fiscal 2025: current assets were 1.22 times current liabilities.