EMCOR GROUP, INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | – | – |
| Stockholders' equity | 3,674 | 100.0 |
| Total capitalization | 3,674 | 100.0 |
44,109,901 shares outstanding at 24 July 2026 (cover page of the 10-Q filed 30 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Not tagged in XBRL |
CAPITAL STOCK 12/31/25
| Common shares authorized | 200,000,000 |
| Common shares issued | 61,252,599 |
| Treasury shares | 16,732,232 |
| Par or stated value per share ($) | 0.01 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/24/26 | 44,109,901 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.00 | 3.5 |
| 2024 | 0.93 | 4.3 |
| 2023 | 0.69 | 5.2 |
| 2022 | 0.54 | 6.7 |
| 2021 | 0.52 | 7.4 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as JWP INC/DE/ (to 21 November 1994).
BUSINESS: Classified by the SEC under Standard Industrial Classification 1731, Electrical Work. Large accelerated filer. Principal executive office: 301 Merritt Seven Corporate Pk, 6Th Floor, Norwalk, CT 06851. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 16,986 | 14,566 | 12,583 |
| Cost of revenues | 13,703 | 11,801 | 10,494 |
| Gross profit | 3,283 | 2,765 | 2,089 |
| Selling, general and administrative | 1,714 | 1,420 | 1,211 |
| Depreciation and amortization | 67 | 57 | 52 |
| Operating income | 1,713 | 1,345 | 876 |
| Interest expense | 12 | 4 | 17 |
| Income before income taxes | 1,722 | 1,377 | 873 |
| Income taxes | 449 | 370 | 240 |
| Net income | 1,273 | 1,007 | 633 |
| Earned per share, diluted ($) | 28.19 | 21.52 | 13.31 |
| Dividends per share ($) | 1.00 | 0.93 | 0.69 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,112 | 1,340 |
| Receivables, net | 4,241 | 3,578 |
| Total current assets | 5,937 | 5,389 |
| Property, plant and equipment, net | 253 | 207 |
| Goodwill | 1,412 | 1,018 |
| Total assets | 9,291 | 7,716 |
| Total current liabilities | 4,865 | 4,154 |
| Total liabilities | 5,616 | 4,778 |
| Stockholders' equity | 3,674 | 2,938 |
| Total liabilities and equity | 9,291 | 7,716 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 16,986 | 1,713 | 1,273 | 7.5 | 28.19 | 1.00 | 1,302 | 113 | 1,189 | 9,291 | 5,616 | – | 3,674 | 34.6 | – |
| 12/31/24 | 14,566 | 1,345 | 1,007 | 6.9 | 21.52 | 0.93 | 1,408 | 75 | 1,333 | 7,716 | 4,778 | – | 2,938 | 34.3 | – |
| 12/31/23 | 12,583 | 876 | 633 | 5.0 | 13.31 | 0.69 | 900 | 78 | 821 | 6,610 | 4,139 | 5 | 2,470 | 25.6 | 0.00 |
| 12/31/22 | 11,076 | 565 | 406 | 3.7 | 8.10 | 0.54 | 498 | 49 | 449 | 5,525 | 3,550 | 247 | 1,974 | 20.6 | 0.13 |
| 12/31/21 | 9,904 | 531 | 384 | 3.9 | 7.06 | 0.52 | 319 | 36 | 283 | 5,441 | 3,188 | 262 | 2,252 | 17.0 | 0.12 |
| 12/31/20 | 8,797 | 257 | 133 | 1.5 | 2.40 | 0.32 | 806 | 48 | 758 | 5,064 | 3,011 | 277 | 2,053 | 6.5 | 0.13 |
| 12/31/19 | 9,175 | 461 | 325 | 3.5 | 5.75 | 0.32 | 356 | 48 | 307 | 4,830 | 2,773 | 294 | 2,057 | 15.8 | 0.14 |
| 12/31/18 | 8,131 | 403 | 284 | 3.5 | 4.85 | 0.32 | 271 | 43 | 228 | 4,089 | 2,347 | 296 | 1,741 | 16.3 | 0.17 |
| 12/31/17 | 7,687 | 329 | 227 | 3.0 | 3.82 | 0.32 | 366 | 35 | 331 | 3,966 | 2,292 | 310 | 1,673 | 13.6 | 0.19 |
| 12/31/16 | 7,552 | 307 | 182 | 2.4 | 2.97 | 0.32 | 262 | 40 | 223 | 3,852 | 2,314 | 408 | 1,537 | 11.8 | 0.27 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
EMCOR Group, Inc.
CIK 105634 · EIN 11-2125338
PRINCIPAL OFFICE:
301 Merritt Seven Corporate Pk, 6Th Floor, Norwalk, CT 06851
Tel.: 203-849-7800
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
1731 · Electrical Work
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 26 February 2026
FORMER NAMES:
EMCOR GROUP INC; JWP INC/DE/
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/26/26) · 10-K FY2024 (filed 2/26/25) · 10-K FY2023 (filed 2/28/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/27/20) · 10-K FY2018 (filed 2/21/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.