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Screener / SEC EDGAR /CIK 0000105634 /10-K filed Feb 26, 2026, compared with Feb 26, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
LDOSCHRWEMEEMRRSGGWW
NYSE Industrials · Electrical Contractors

Emcor EME

EME quote by TradingView

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

Where each dollar of revenue went, FY2025

Revenue of $17.0B through the costs to a net profit of $1.3B · income statement of the 10-K

10% operating margin
Revenue to Gross profit: $3.3BRevenue to Cost of revenue: $13.7BGross profit to Operating profit: $1.7BGross profit to Operating expenses: $1.6BOperating profit to Net profit: $1.3BOperating profit to Tax: $440.6M Revenue: $17.0B REVENUE $17.0B +17% Y/Y Gross profit: $3.3B · 19% margin GROSS PROFIT $3.3B 19% margin · +19% Y/Y Cost of revenue: $13.7B · 81% of revenue COST OF REVENUE $13.7B 81% of revenue Operating profit: $1.7B · 10% margin OPERATING PROFIT $1.7B 10% margin · +27% Y/Y Operating expenses: $1.6B · 9% of revenue OPERATING EXPENSES $1.6B 9% of revenue Net profit: $1.3B · 7% margin NET PROFIT $1.3B 7% margin · +26% Y/Y Tax: $440.6M · 3% of revenue TAX $440.6M 3% of revenue
Gross profit $3.3B 19% margin · +19% Y/Y
Operating profit $1.7B 10% margin · +27% Y/Y
Net profit $1.3B 7% margin · +26% Y/Y
The full income statement, year by year

EME among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 16.6%, above 88% of 81 peers (their median 4.6%) REVENUE GROWTH 16.6% · above 88% Gross margin: 19.6%, above 6% of 51 peers (their median 38.6%) GROSS MARGIN 19.6% · above 6% Operating margin: 10.4%, above 27% of 71 peers (their median 17.5%) OPERATING MARGIN 10.4% · above 27% Net margin: 7.8%, above 22% of 81 peers (their median 13.0%) NET MARGIN 7.8% · above 22% FCF margin: 7.5%, above 21% of 78 peers (their median 13.3%) FCF MARGIN 7.5% · above 21% Return on capital: 29.6%, above 94% of 65 peers (their median 13.8%) RETURN ON CAPITAL 29.6% · above 94%
EME Peer median Below the median

What changed

1 new risk paragraph and 1 accounting fact worth reading about. 10-K filed Feb 26, 2026 against Feb 26, 2025.

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.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • 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
  • Receivables +18.6% vs revenue +16.6% (+1.9 pts)
8 more checks with nothing to note
  • Cash from operations $1.3B vs net income $1.3B (FY ending Dec 31, 2025)
  • 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

In their words

1 paragraph in Risk Factors that was not in the 10-K filed Feb 26, 2025. Quoted as filed.

  1. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    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.

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$11.1B$12.6B$14.6B$17.0B
Net income$406.1M$633.0M$1.0B$1.3B
Operating cash flow$497.9M$899.7M$1.4B$1.3B
Free cash flow$448.6M$821.3M$1.3B$1.2B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$17.0B ▲ 16.6% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Emcor, Norwalk, CT · from the 10-K filed Feb 26, 2026

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. In 2025, we had revenues of $16.99 billion. Our services are provided to a broad range of commercial, technology, manufacturing, industrial, healthcare, utility, and institutional customers through approximately 100 operating subsidiaries, which specialize principally in providing construction services relating to electrical and mechanical systems in all types of facilities and in providing various services relating to the operation, maintenance, and management of those facilities.

Headquarters
Norwalk, CT
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
DE

Employees, at the top of the page: "At December 31, 2025, we employed approximately 44,000 people, all of whom were located within the United States" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 26, 2026 (open at SEC), compared with the 10-K filed Feb 26, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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