Feed / EME

EMCOR Group, Inc.

EME

Industrials · 748.59 -0.8% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

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.

Company-0.8% todayVolume comparison unavailable
Market group0 of 25 activeIndustrial Infrastructure · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • 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.

Watch this read

Research brief

The story so far

Industrials · Engineering & Construction

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.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • 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

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements147
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +16.6% year over year.
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position
  • 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.
Longer-term price context

Price as of Sep 10, 2026

748.59
6m+3.9%12m+20.2%24m+111.9%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$9.9B+12.6%$7.06-1.9%
2022-12-31$11.1B+11.8%$8.10-7.7%
2023-12-31$12.6B+13.6%$13.31-5.1%
2024-12-31$14.6B+15.8%$21.52-1.6%
2025-12-31$17.0B+16.6%$28.19-3.6%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
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
Demand and volumepositive · 4 filings
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
Data center and AI demandpositive · 2 filings
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
Restructuring and cost reductionsmixed · 2 filings
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.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

748.59-0.8% today

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.