EMEEmcor

Industrials · Electrical Contractors · NYSE

We are one of the largest specialty contractors in the United States and a leading provider of electrical and mechanical construction and facilities services, building services, and industrial services. 10-K, Item 1

Employees: 44,000
Headquarters: Norwalk, CT
CEO: Anthony Guzzi
Next results: around Feb 25, 2027

Compare with peers → Embed

RevenueFY2016–25 $17.0B+16.6% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.3B+26.4% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.2B−10.8% FY2024: $1.3B 10-K FY2025 · XBRL Operating marginFY2016–25 10.1%+0.9 pts 4.1% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 26, 2026 against Feb 26, 2025

Area	What changed	Source
Risk factors	1 new paragraph, nothing like it in the previous 10-K	10-K Item 1A
Critical audit matters changed	New this year: Valuation of the Customer Relationship Intangible Asset Acquired in a Business Combination (“As described in Note 4 to the consolidated financial statements, during the year ended December 31, 2025, the Company completed the acquisition of Miller Electric Company (“Miller Electric”) for total consideration of approximately $876.8 million. The preliminary purchase price was allocated to asse”). Same as last year: Revenue Recognition from Construction Contracts	10-K · XBRL
Accounting checks	9 other checks clear, 1 worth a look	10-K · XBRL
Insiders	1 open-market buy in the last 90 days	Form 4
Filings	3 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 26, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-26. Quoted as filed.

For additional information on our strategy and processes for assessing, identifying, and managing the risks posed by cybersecurity threats, and the management and oversight of such efforts, refer to Part I, Item 1C. Cybersecurity.
10-K, Item 1A

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

!
Critical audit matters changedNew this year: Valuation of the Customer Relationship Intangible Asset Acquired in a Business Combination (“As described in Note 4 to the consolidated financial statements, during the year ended December 31, 2025, the Company completed the acquisition of Miller Electric Company (“Miller Electric”) for total consideration of approximately $876.8 million. The preliminary purchase price was allocated to asse”). Same as last year: Revenue Recognition from Construction Contracts
✓
Receivables +18.6% vs revenue +16.6% (+1.9 pts)
✓
Cash from operations $1.3B vs net income $1.3B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 29, 20268-K Quarterly results 8-K item 2.02
Oct 29, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 19, 2026Buy MCEVOY M KEVIN (Director) bought $2K open-market purchase on Jun 17, 2026, reported 4 months late

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