EMCOR Group Inc logo

EMCOR Group Inc(EME)

Top Performer Top performer
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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
5-STAR RATING
PASS
LAST CLOSE
$762.21
09/25/2026
(24-hour delay)

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Upturn Advisory & Investor View for EME

09/25/2026: EME (5-star) is currently NOT-A-BUY. Pass it for now.

EMCOR Group Inc is a leading provider of mechanical and electrical construction and facilities services, operating through a network of specialized local subsidiaries. The company benefits from strong market demand in mission-critical infrastructure sectors like data centers and energy efficiency. Its primary investment story centers on sustained growth driven by large-scale infrastructure renewal and technical services. Key risks include exposure to cyclical construction markets, labor cost pressures, and integration challenges in its acquisition-led strategy. The company is often suited for investors looking for exposure to industrial infrastructure growth, though it offers a relatively modest dividend compared to yield-focused investments.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitEMCOR's consistent ability to capture market share in high-growth infrastructure sectors supports long-term appreciation.
Momentum investorStrong fit while signal remains positiveThe stock often exhibits strong price trends aligned with infrastructure spending cycles.
Value investorMixed fitWhile historically disciplined, current market valuations reflect the company's strong performance, limiting deep-value opportunities.
Dividend investorMixed fitThe company pays a dividend but focuses primarily on growth, resulting in a yield that is modest compared to pure income plays.
Low-risk investorMediumWhile the business is essential, exposure to construction cycles can lead to moderate volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumConstruction stocks can be sensitive to macroeconomic indicators and interest rate changes.
Valuation riskMediumExtended periods of share price appreciation may lead to premiums that require sustained high-level execution to justify.
Competition risk (mechanical/electrical services)Medium / highThe sector is fragmented, and aggressive bidding by regional competitors can pressure margins.
Business qualityStrongEMCOR has a long history of solid financial performance and specialized technical expertise.
Dividend incomeLowIncome is not the primary driver of shareholder value for this stock.
Execution riskMediumLarge, complex projects require meticulous management to prevent cost overruns and safety incidents.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 163.41%
Avg. Invested days 60
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 5.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
EME receives a 3-star rating, supported by solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
EME has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+26.1%) and solid cash generation (FCF margin 7.0%) are partially offset by soft profitability (net margin 7.5%), very low insider ownership of 0.71%.

Financial Health Rating

★★★★★
EME's financial health is supported by strong cash strength, including free-cash-flow generation of $1.2B (7.0% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is EME's strongest growth driver at +26.1% FY2025 versus FY2024 (solid, 4 stars). By comparison, revenue growth (+16.6%, solid) is also solid, while free-cash-flow growth (-10.8%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 96.1% and approximately 99.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.71%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 9.31%
Vanguard Capital Management, LLC 6.57%
Vanguard Portfolio Management, LLC 4.53%
FMR Inc 4.44%
State Street Corp 4.39%

Unit Economics (Per $1K Revenue)

★★★★★
EME generates approximately $196 of gross profit, $98 of operating income, and $70 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 30.07%

Quantitative Style Profile

★★★★★
EME has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 33.17B USD
Price to earnings Ratio 23.42
1Y Target Price 1033.29
Price to earnings Ratio 23.42
1Y Target Price 1033.29
Volume (30-day avg) 354.6K shares
Beta 1.13
52 Weeks Range 564.01 - 951.47
Updated Date 09/24/2026
52 Weeks Range 564.01 - 951.47
Updated Date 09/24/2026
Dividends yield (FY) 0.09%
Basic EPS (TTM) 32.11

How Company Makes Money

Business areaWhat it includesRetail investor read
Construction ServicesMechanical, electrical, and plumbing project installations.This is the primary revenue engine, building the systems that make modern commercial and industrial buildings functional.
Facilities ServicesLong-term O&M, maintenance, and energy efficiency upgrades.This segment provides recurring revenue that helps stabilize the company during economic downturns.
Geography: North AmericaOperations primarily across the United States and Canada.The company's performance is closely tied to North American infrastructure investment trends.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 23.42
Forward PE 19.8
Enterprise Value 32.78B
Price to Sales(TTM) 1.78
Enterprise Value 32.78B
Price to Sales(TTM) 1.78
Enterprise Value to Revenue 1.76
Enterprise Value to EBITDA 15.21
Shares Outstanding 44.11M
Shares Floating 43.77M
Shares Outstanding 44.11M
Shares Floating 43.77M
Percent Insiders 0.71
Percent Institutions 96.1

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About EMCOR Group Inc

Exchange NYSE
Headquarters Norwalk, CT, United States
IPO Launch date 1995-12-28
Chairman, President & CEO Mr. Anthony J. Guzzi
Sector Industrials
Industry Engineering & Construction
Full time employees 44000
Full time employees 44000

EMCOR Group, Inc. provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, startup, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and piping systems; control and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging; millwright; and steel fabrication, erection, and welding services. The company also provides site-based operations and maintenance; facility management and maintenance; energy retrofit; military base operations support; indoor air quality; floor care and janitorial; landscaping, lot sweeping, and snow removal; vendor management and call center; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic; infrastructure and building projects; modification and retrofit projects; and reception, security, and catering services. In addition, it offers refinery turnaround planning and engineering; welding; overhaul and maintenance; technical; instrumentation, controls, and electrical; electrical panel design, fabrication, and installation; on-site repair and maintenance; and renewable energy services, as well as design, manufacturing, repair, and hydro blast cleaning services. The company was incorporated in 1987 and is headquartered in Norwalk, Connecticut.