EMCOR Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,338	1,273	1,007	633.33	406.12	383.7
Depreciation & Amortization	197.05	186.42	133.68	118.97	108.61	112.44
Stock-Based Compensation	21.92	20.6	19.98	13.74	12.13	11.11
Other Adjustments	-6.14	-160.02	-5.63	-8.23	10.18	19.93
Change in Receivables	-	-480.52	-324.82	-620.76	-384.82	-297.5
Changes in Inventories	-	-26.95	17.98	-23.44	-31.54	-0.12
Changes in Accounts Payable	-	189.35	-15.36	82.19	111.49	54.85
Changes in Accrued Expenses	-	141.19	148.49	189.27	-30.03	46.57
Changes in Unearned Revenue	-	155.6	426.63	489.73	299.9	44.71
Changes in Other Operating Activities	-389.95	3.58	-0.19	24.87	-4.11	-56.87
Operating Cash Flow	1,194	1,302	1,408	899.66	497.93	318.82
Operating Cash Flow Growth	-13.72%	-7.52%	56.49%	80.68%	56.18%	-60.46%
Capital Expenditures	-115.33	-112.75	-74.95	-78.4	-49.29	-36.19
Sale of Property, Plant & Equipment	3.95	4.65	3.84	13.6	7.15	2.75
Purchases of Investments	-	-	-	-	-	-1.6
Payments for Business Acquisitions	-215.14	-1,022	-228.17	-96.49	-98.66	-118.24
Proceeds from Business Divestments	-	256.62	-	-	-	-
Other Investing Activities	-	-	-	-	-	0.2
Investing Cash Flow	-69.9	-873.59	-299.28	-161.29	-140.8	-153.08
Short-Term Debt Issued	275	525	-	200	270	-
Short-Term Debt Repaid	387.5	525	-	200	270	-
Net Short-Term Debt Issued (Repaid)	662.5	1,050	-	400	540	-
Long-Term Debt Repaid	2.56	2.69	2.86	248.95	17.43	18.06
Net Long-Term Debt Issued (Repaid)	2.56	2.69	2.86	248.95	17.43	18.06
Issuance of Common Stock	-	-	0.94	9.19	8.18	7.33
Repurchase of Common Stock	469.98	603.07	505.22	133.77	668.15	199.76
Net Common Stock Issued (Repurchased)	469.98	603.07	506.16	142.96	676.33	207.08
Common Dividends Paid	-51.38	-45.02	-43.38	-32.68	-27.19	-28.16
Other Financing Activities	-12.51	-12.97	-4.85	-5.84	-5.53	-6.8
Financing Cash Flow	-787.29	-663.76	-555.37	-412.05	-710.12	-245.46
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.99	6.86	-2.6	6.37	-12.52	-1.28
Net Cash Flow	338.96	-228.43	550.65	332.68	-365.5	-80.99
Free Cash Flow	1,079	1,189	1,333	821.25	448.64	282.63
Free Cash Flow Growth	-9.29%	-10.78%	62.31%	83.05%	58.74%	-62.73%
FCF Margin	6.08%	7.00%	9.15%	6.53%	4.05%	2.85%
Free Cash Flow Per Share	24.04	26.34	28.48	17.27	8.95	5.20
Levered Free Cash Flow	1,694	2,862	1,646	2,085	1,369	566.99
Unlevered Free Cash Flow	1,023	1,803	1,620	1,439	815.61	550.18

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q