“The $93.6 million increase in cash used in financing activities was primarily due to the impact of $250.0 million in net borrowings made under our revolving credit facility during the first half of 2025, partially offset by a $163.6 million decrease in common…”10-Q · Jul 30, 2026 ↗
EMCOR Group, Inc.
EME
Market read
EMCOR Group, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 25 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue growth was largest in the network and communications sector, attributed to greater demand for data center construction projects.
Invalidation: The isolated read changes if EME's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 25 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Revenue growth was largest in the network and communications sector, attributed to greater demand for data center construction projects.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +16.6% year over year.
- Demand and volume has repeated favorable evidence across 4 filings.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- P/E is 64% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 59% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
748.59Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Growth in this segment for both 2026 periods was generated by: (a) its mechanical services division, which experienced increased: (i) service repair and maintenance volumes, given growth in our service contract base, (ii) HVAC project and retrofit work, as de…”10-Q · Jul 30, 2026 ↗
“This segment experienced increased revenues within the majority of the market sectors in which we operate, with the most significant increase coming from the network and communications market sector due to greater demand for data center construction projects.”10-Q · Jul 30, 2026 ↗
“In addition to the impact of greater revenues, this segment’s operating results for both 2026 periods benefited from (a) an increase in gross profit margin, given a more favorable project mix as well as improved execution, and (b) a decrease in the ratio of s…”10-Q · Jul 30, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.0× · EV/sales 1.9×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for EME. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for EME. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind EME
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
FLRFluor CorporationcompetitorFeb 17, 2026 ▾
“A large number of companies compete against us, including U.S.-based companies such as AECOM, Amentum Services, Inc., Bechtel Group, Inc., Black & Veatch, Burns & McDonnell, BWXT Technologies, Inc., EMCOR Group, Inc., Jacobs Solutions, Inc., KBR, Inc., Kiewit…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
EME is currently a Follower in the organic co-movement group Industrial Infrastructure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.