EMCOR Group, Inc. (EME)
NYSE: EME · Real-Time Price · USD
639.25
-68.18 (-9.64%)
At close: Nov 4, 2026, 4:00 PM EST
631.91
-7.34 (-1.15%)
Pre-market: Nov 5, 2026, 7:00 AM EST
EMCOR Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 | 1,544 | 1,273 | 1,007 | 632.99 | 406.12 | 383.53 |
Depreciation & Amortization | 214.15 | 186.42 | 133.68 | 118.97 | 108.61 | 112.44 |
Other Amortization | 0.82 | 0.82 | 0.82 | 0.96 | 0.96 | 0.96 |
Loss (Gain) From Sale of Assets | -147.11 | -147.11 | -1.01 | -2.06 | -6.39 | -0.78 |
Asset Writedown & Restructuring Costs | 34 | - | - | 2.35 | - | - |
Loss (Gain) on Equity Investments | 0.19 | 0.19 | 1.46 | -1.26 | 0.01 | 1.21 |
Stock-Based Compensation | 23.55 | 20.6 | 19.98 | 13.74 | 12.13 | 11.11 |
Provision & Write-off of Bad Debts | 8.45 | 7.67 | 17.3 | 7.86 | 5.17 | 8.04 |
Other Operating Activities | -41.33 | -16.59 | -20.22 | -14.03 | 12.09 | 11.5 |
Change in Accounts Receivable | -480.52 | -480.52 | -324.82 | -620.76 | -384.82 | -297.5 |
Change in Inventory | -26.95 | -26.95 | 17.98 | -23.44 | -31.54 | -0.12 |
Change in Accounts Payable | 189.35 | 189.35 | -15.36 | 82.19 | 111.49 | 54.85 |
Change in Unearned Revenue | 155.6 | 155.6 | 426.63 | 489.73 | 299.9 | 44.71 |
Change in Other Net Operating Assets | 145.88 | 144.78 | 148.3 | 214.14 | -34.13 | -10.3 |
Operating Cash Flow | 1,611 | 1,302 | 1,408 | 899.66 | 497.93 | 318.82 |
Operating Cash Flow Growth | 29.18% | -7.52% | 56.49% | 80.68% | 56.18% | -60.46% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -128.93 | -112.75 | -74.95 | -78.4 | -49.29 | -36.19 |
Sale of Property, Plant & Equipment | 3.51 | 4.65 | 3.84 | 13.6 | 7.15 | 2.75 |
Cash Acquisitions | -918.98 | -1,022 | -228.17 | -96.49 | -98.66 | -118.24 |
Divestitures | 256.62 | 256.62 | - | - | - | - |
Investment in Securities | - | - | - | - | - | -1.4 |
Investing Cash Flow | -787.79 | -873.59 | -299.28 | -161.29 | -140.8 | -153.08 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Short-Term Debt Issued | - | 525 | - | 200 | 270 | - |
Total Debt Issued | 150 | 525 | - | 200 | 270 | - |
Short-Term Debt Repaid | - | -525 | - | -200 | -270 | - |
Long-Term Debt Repaid | - | -2.69 | -2.86 | -248.95 | -17.43 | -18.06 |
Total Debt Repaid | -152.63 | -527.69 | -2.86 | -448.95 | -287.43 | -18.06 |
Net Debt Issued (Repaid) | -2.63 | -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 | -631.76 | -603.07 | -505.22 | -133.77 | -668.15 | -199.76 |
Common Dividends Paid | -64.44 | -45.02 | -43.38 | -32.68 | -27.19 | -28.16 |
Other Financing Activities | -1.84 | -12.97 | -4.85 | -5.84 | -5.53 | -6.8 |
Financing Cash Flow | -700.66 | -663.76 | -555.37 | -412.05 | -710.12 | -245.46 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | -4.15 | 6.86 | -2.6 | 6.37 | -12.52 | -1.28 |
Net Cash Flow | 118.44 | -228.43 | 550.65 | 332.68 | -365.5 | -80.99 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 1,482 | 1,189 | 1,333 | 821.25 | 448.64 | 282.63 |
Free Cash Flow Growth | 29.03% | -10.78% | 62.31% | 83.05% | 58.74% | -62.73% |
Free Cash Flow Margin | 7.47% | 7.00% | 9.15% | 6.53% | 4.05% | 2.85% |
Free Cash Flow Per Share | 33.24 | 26.34 | 28.48 | 17.27 | 8.95 | 5.20 |
Levered Free Cash Flow | 1,285 | 991.14 | 1,156 | 710.86 | 367.07 | 261.94 |
Unlevered Free Cash Flow | 1,292 | 997.83 | 1,157 | 720.65 | 374.36 | 264.78 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 3.29 | 11.13 | 2.85 | 16.25 | 11.65 | 5.26 |
Cash Income Tax Paid | 568.97 | 483.42 | 409.36 | 230.5 | 168.73 | 130.81 |
Change in Working Capital | -16.65 | -17.75 | 252.72 | 141.85 | -39.11 | -208.36 |