Emcor Group, Inc.

Emcor Group, Inc.

EME

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Market Cap$36.82B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Emcor Group, Inc.Emcor Group, Inc.27.90.16%35%2.10.8

Earnings Call Q1 2026

April 29, 2026 - AI Summary

Q1 2026 delivered strong top-line + profit momentum - Revenues: $4.63B, +19.7% YoY (and +16.8% organic after acquisition contribution and excluding EMCOR U.K. sale). - Operating income: $404M (+26.7% YoY) at 8.7% operating margin. - EPS: $6.84 diluted, +30% YoY (benefiting from last year transaction-cost timing comparisons). - Segment strength: Electrical +33.1% YoY (12.1% margin) and Mechanical +28.9% YoY (10.9% margin). Growth driven largely by Network & Communications/data centers (Electrical +~50%, Mechanical +86%), plus strength in institutional, industrial/manufacturing, health care, and water/wastewater.
RPO acceleration = major visibility signal - Remaining Performance Obligations (RPO) ended at $15.62B vs $11.75B a year ago and $13.25B at Dec 31, 2025. - Growth: +32.9% YoY and +17.9% sequential. - Management highlighted data centers as the key driver, stating they see “no sign of slowing demand” tied to AI/cloud/digital transformation—while also noting quality/diversity in bookings outside data centers (notably water & wastewater in Florida, institutional, and health care).
Guidance raised (but includes conservatism tied to project timing and mobilization) - Full-year 2026 outlook raised to: - Revenue: $18.5B to $19.25B - Diluted EPS: $28.25 to $29.75 - Management framed the guidance as expecting continued strong margins supported by disciplined execution and contract selection, but acknowledged quarter-to-quarter revenue variability due to project cycle timing (start/close/mobilize). - In Q&A, they suggested they still need to book a large portion of the year’s work—~30% of remaining work needed based on midpoint/rpo burn and Q1 results (they contrasted this with prior ~40%+ framing after Q1 strength).

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$935.60

Target Price by Analysts

11.4% upsideEmcor Group Target Price DetailsTarget Price
$574.89

Current Fair Value

31.5% downside

Overvalued by 31.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$36.82 Billion
Enterprise Value$38.84 Billion
Dividend Yield$1.30 (0.16%)
Earnings per Share$28.19
Beta1.17
Outstanding Shares45,051,000

Return

Return on Equity34.52%ROE
Return on Assets14.04%
Return on Invested Capital40.55%

Valuation & Multiples

P/E Ratio27.91P/E Ratio
PEG103.64PEG
Price to Sales2.13Price to Sales
Price to Book Ratio9.88Price to Book Ratio
Enterprise Value to Revenue2.19
Enterprise Value to EBIT20.44
Enterprise Value to Net Income29
Total Debt to Enterprise0.08
Debt to Equity0.76Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 29, 2026
EPS Estimate
$5.90
Average shareholder expectation
Revenue Estimate
$4.20 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$7.25
Average shareholder expectation
Revenue Estimate
$4.71 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.6046▼ 30.14%
Total Calls265,810▲ 31.45%
Total Puts160,700▼ 12.28%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %91.69%▼ 3.44%
Total Invested$30.47B▲ 16.67%
Investors Holding1,171▲ 56.00%

ESG Score

No data

About Emcor Group, Inc.

CEO: Anthony Guzzi

Relevant Senate Committees

Joint Committee on Taxation

Provides critical analysis and revenue estimates for all tax legislation, directly influencing corporate tax structures and capital investment credits that affect Emcor's financial strategy and projects.

Finance

Controls taxation and trade policy, directly impacting corporate profitability, capital investment incentives for Emcor, and the overall economic environment for construction.

Appropriations

Directly allocates federal spending across all government sectors, making it a critical committee for determining the actual funding for infrastructure, defense, and government building projects Emcor bids on.

Health, Education, Labor, and Pensions

Regulates labor laws, directly influencing Emcor's operational costs and workforce management, and also oversees construction of healthcare and educational facilities.

Armed Services

Oversees the Department of Defense and authorizes the NDAA, directly influencing spending on military bases and defense infrastructure, a significant source of government contracts for Emcor.

Banking, Housing, and Urban Affairs

Regulates the financial system and real estate markets, directly impacting urban development, housing, and commercial construction projects, which are significant drivers for Emcor's business.

Energy and Natural Resources

Oversees national energy policy, public lands, and the Department of Energy, directly impacting projects in energy infrastructure (renewables, power plants) where Emcor's services are essential.

Environment and Public Works

Drives federal infrastructure programs and public works spending, which directly benefits construction and electrical contracting firms like Emcor.

Homeland Security and Governmental Affairs

Regulates federal procurement and the executive branch, directly impacting Emcor's potential for federal government contracts for electrical and infrastructure work.