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Ameresco, Inc.(AMRC)Earnings, Financials & Key Ratios
AMRC•NYSE
$30.78
$1.63B mkt cap·37.1× P/E·Price updated May 6, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryBuilding systems and specialty trades
AboutAmeresco, Inc., a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations. The company operates through U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation segments. It designs, develops, engineers, and installs projects that reduce the energy, as well as operations and maintenance (O&M) costs of its customers' facilities. The company's projects primarily include various measures customized for the facility and designed to enhance the efficiency of building systems, such as heating, ventilation, cooling, and lighting systems. It also offers renewable energy solutions and services, such as the construction of small-scale plants that the company owns or develops for customers that produce electricity, gas, heat, or cooling from renewable sources of energy and O&M services; and electricity, processed renewable gas fuel, and heat or cooling produced from renewable sources of energy. In addition, the company sells photovoltaic (PV) solar energy products and systems, as well as provides consulting and enterprise energy management services; and owns and operates a wind power project located in Ireland. It serves the federal, state, and local governments, as well as healthcare and educational institutions, airports, public housing authorities and public universities, and commercial and industrial customers. As of December 31, 2021, the company owned and operated 147 small-scale renewable energy plants and solar PV installations. Ameresco, Inc. was founded in 2000 and is headquartered in Framingham, Massachusetts.Show more
- Revenue$1.93B+9.2%
- EBITDA$230M+16.1%
- Net Income$44M-22.0%
- EPS (Diluted)0.83-22.4%
- Gross Margin15.73%+8.7%
- EBITDA Margin11.89%+6.3%
- Operating Margin6.49%+5.7%
- Net Margin2.29%-28.5%
- ROE4.08%-27.4%
- ROIC3.34%+4.0%
- Debt/Equity1.73+6.4%
- Interest Coverage1.43-3.2%
AMRC Key Insights
Ameresco, Inc. (AMRC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 13.4%
- ✓Trading at only 1.5x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AMRC Price & Volume
Ameresco, Inc. (AMRC) stock price & volume — 10-year historical chart
Loading chart...
AMRC Growth Metrics
Ameresco, Inc. (AMRC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years11.84%
5 Years13.36%
3 Years1.93%
TTM8.57%
Profit CAGR
10 Years30.99%
5 Years-3.91%
3 Years-22.44%
TTM-41.92%
EPS CAGR
10 Years45.15%
5 Years-5.48%
3 Years-22.46%
TTM-43.14%
Return on Capital
10 Years5.12%
5 Years4.75%
3 Years3.55%
Last Year3.7%
AMRC Recent Earnings
Ameresco, Inc. (AMRC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 4, 2026EPS
$0.33
Est $0.27
-22.2%
Revenue
$401M
Est $363M
+10.6%
Q2 2026
Mar 2, 2026EPS
$0.39
Est $0.32
+21.9%
Revenue
$581M
Est $556M
+4.5%
Q4 2025
Nov 3, 2025EPS
$0.35
Est $0.26
+34.6%
Revenue
$526M
Est $556M
-5.5%
Q3 2025
Aug 4, 2025EPS
$0.27
Est $0.06
+350.0%
Revenue
$472M
Est $518M
-8.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 4, 2026 | $0.33vs $0.27-22.2% | $401Mvs $363M+10.6% |
| Q2 2026 | Mar 2, 2026 | $0.39vs $0.32+21.9% | $581Mvs $556M+4.5% |
| Q4 2025 | Nov 3, 2025 | $0.35vs $0.26+34.6% | $526Mvs $556M-5.5% |
| Q3 2025 | Aug 4, 2025 | $0.27vs $0.06+350.0% | $472Mvs $518M-8.8% |
Based on last 12 quarters of dataView full earnings history →
AMRC Peer Comparison
Ameresco, Inc. (AMRC) competitors in Building systems and specialty trades — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TPVG | 221.89M | 5.48 | 4.49 | 36.55% | 50.62% | 14.02% | 1.33 | |
 AEYE | 93.6M | 7.54 | -30.16 | 14.52% | -7.63% | -47.8% | 0.15 | |
 PESI | 239.82M | 12.93 | -17.24 | 4.33% | -22.35% | -24.89% | 0.09 | |
 MYRG | 7.3B | 468.54 | 62.22 | 8.79% | 3.71% | 22.14% | 3.18% | 0.16 |
 TTEK | 8.25B | 31.65 | 34.03 | 4.69% | 8.96% | 24.36% | 5.32% | 0.55 |
 ERII | 597.25M | 11.31 | -7.07% | 2.92% | 0.05 | |||
 CWEN | 8B | 38.93 | 27.42 | 4.23% | 11.83% | 2.98% | 4.61% | 1.72 |
 ARRY | 1.25B | 8.18 | -11.21 | 40.22% | -4.07% | -20.06% | 0.41 |
Compare AMRC vs Peers
Ameresco, Inc. (AMRC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AMRC Income Statement
Ameresco, Inc. (AMRC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 717.15M | 787.14M | 866.93M | 1.03B | 1.22B | 1.82B | 1.37B | 1.77B | 1.93B | 1.98B |
| Revenue Growth % | 10.12% | 9.76% | 10.14% | 19.07% | 17.77% | 50.07% | -24.65% | 28.76% | 9.16% | 8.57% |
| Cost of Goods Sold | 572.99M | 613.53M | 698.82M | 844.73M | 985.34M | 1.53B | 1.13B | 1.51B | 1.63B | 1.67B |
| COGS % of Revenue | 79.9% | 77.94% | 80.61% | 81.83% | 81.05% | 84.06% | 82.07% | 85.53% | 84.27% | - |
| Gross Profit | 144.16M▲ 0% | 173.61M▲ 20.4% | 168.12M▼ 3.2% | 187.55M▲ 11.6% | 230.36M▲ 22.8% | 290.83M▲ 26.3% | 246.43M▼ 15.3% | 256.09M▲ 3.9% | 304.01M▲ 18.7% | 308.56M▲ 0% |
| Gross Margin % | 20.1% | 22.06% | 19.39% | 18.17% | 18.95% | 15.94% | 17.93% | 14.47% | 15.73% | 15.58% |
| Gross Profit Growth % | 7.31% | 20.43% | -3.16% | 11.56% | 22.82% | 26.25% | -15.27% | 3.92% | 18.71% | - |
| Operating Expenses | 107.57M | 114.51M | 116.5M | 116.05M | 134.92M | 157.84M | 164.21M | 147.35M | 178.54M | 184.82M |
| OpEx % of Revenue | 15% | 14.55% | 13.44% | 11.24% | 11.1% | 8.65% | 11.95% | 8.33% | 9.24% | - |
| Selling, General & Admin | 107.57M | 114.51M | 116.5M | 116.05M | 132.9M | 159.49M | 162.14M | 173.76M | 178.54M | 185.78M |
| SG&A % of Revenue | 15% | 14.55% | 13.44% | 11.24% | 10.93% | 8.74% | 11.79% | 9.82% | 9.24% | - |
| Research & Development | 128K | 47K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 0.02% | 0.01% | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 2.02M | -1.65M | 2.07M | -26.41M | 0 | -962K |
| Operating Income | 36.59M▲ 0% | 59.1M▲ 61.5% | 51.61M▼ 12.7% | 71.5M▲ 38.5% | 95.43M▲ 33.5% | 132.99M▲ 39.4% | 82.22M▼ 38.2% | 108.75M▲ 32.3% | 125.48M▲ 15.4% | 123.84M▲ 0% |
| Operating Margin % | 5.1% | 7.51% | 5.95% | 6.93% | 7.85% | 7.29% | 5.98% | 6.14% | 6.49% | 6.25% |
| Operating Income Growth % | 53.89% | 61.53% | -12.67% | 38.53% | 33.48% | 39.35% | -38.18% | 32.26% | 15.39% | - |
| EBITDA | 62.08M | 89.63M | 91.05M | 113.54M | 142.01M | 187.27M | 148.13M | 197.96M | 229.75M | 204.27M |
| EBITDA Margin % | 8.66% | 11.39% | 10.5% | 11% | 11.68% | 10.26% | 10.78% | 11.18% | 11.89% | 10.31% |
| EBITDA Growth % | 27.92% | 44.37% | 1.59% | 24.7% | 25.08% | 31.87% | -20.9% | 33.64% | 16.06% | -2.15% |
| D&A (Non-Cash Add-back) | 25.49M | 30.53M | 39.44M | 42.04M | 46.58M | 54.28M | 65.91M | 89.21M | 104.27M | 80.44M |
| EBIT | 37.35M | 57.42M | 52.62M | 74.54M | 95.35M | 136.35M | 84.48M | 105.59M | 125.48M | 117.55M |
| Net Interest Income | -9.16M | -15.03M | -16.07M | -18.11M | -17.21M | -30.63M | -46.21M | -71.65M | -87.94M | -72.42M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 9.16M | 15.03M | 16.07M | 18.11M | 17.21M | 30.63M | 46.21M | 71.65M | 87.94M | 97.61M |
| Other Income/Expense | -7.87M | -16.71M | -15.06M | -15.07M | -17.29M | -27.27M | -43.95M | -74.81M | -80.5M | -92.01M |
| Pretax Income | 28.72M▲ 0% | 42.39M▲ 47.6% | 36.55M▼ 13.8% | 56.43M▲ 54.4% | 78.14M▲ 38.5% | 105.72M▲ 35.3% | 38.27M▼ 63.8% | 33.94M▼ 11.3% | 44.98M▲ 32.5% | 31.83M▲ 0% |
| Pretax Margin % | 4% | 5.39% | 4.22% | 5.47% | 6.43% | 5.79% | 2.78% | 1.92% | 2.33% | 1.61% |
| Income Tax | -4.79M | 4.81M | -3.75M | -494K | -2.05M | 7.17M | -25.64M | -20M | -11.7M | -16.07M |
| Effective Tax Rate % | -16.68% | 11.35% | -10.25% | -0.88% | -2.62% | 6.78% | -66.99% | -58.93% | -26.01% | -50.5% |
| Net Income | 37.49M▲ 0% | 37.98M▲ 1.3% | 44.44M▲ 17.0% | 54.05M▲ 21.6% | 70.46M▲ 30.4% | 94.93M▲ 34.7% | 62.47M▼ 34.2% | 56.76M▼ 9.1% | 44.28M▼ 22.0% | 31.48M▲ 0% |
| Net Margin % | 5.23% | 4.83% | 5.13% | 5.24% | 5.8% | 5.2% | 4.54% | 3.21% | 2.29% | 1.59% |
| Net Income Growth % | 211.59% | 1.31% | 16.99% | 21.64% | 30.35% | 34.73% | -34.19% | -9.15% | -21.98% | -41.92% |
| Net Income (Continuing) | 33.51M | 37.58M | 40.3M | 56.92M | 80.19M | 98.55M | 63.9M | 53.94M | 56.67M | 44M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 10.34M | 14.72M | 31.62M | 38.85M | 46.18M | 95.63M | 70.78M | 34.39M | 44.09M | 1.47M |
| EPS (Diluted) | 0.82▲ 0% | 0.81▼ 1.2% | 0.93▲ 14.8% | 1.10▲ 18.3% | 1.35▲ 22.7% | 1.78▲ 31.9% | 1.17▼ 34.3% | 1.07▼ 8.5% | 0.83▼ 22.4% | 0.60▲ 0% |
| EPS Growth % | 215.38% | -1.22% | 14.81% | 18.28% | 22.73% | 31.85% | -34.27% | -8.55% | -22.43% | -43.14% |
| EPS (Basic) | 0.82 | 0.83 | 0.95 | 1.13 | 1.38 | 1.83 | 1.20 | 1.08 | 0.84 | - |
| Diluted Shares Outstanding | 45.75M | 46.83M | 47.77M | 49.01M | 52.27M | 53.28M | 53.23M | 53.14M | 53.29M | 52.89M |
| Basic Shares Outstanding | 45.51M | 45.73M | 46.59M | 47.7M | 50.85M | 51.84M | 52.14M | 52.38M | 52.68M | 52.89M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
AMRC Balance Sheet
Ameresco, Inc. (AMRC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 287.08M | 310.97M | 425.19M | 490.71M | 638.59M | 1B | 1.13B | 1.3B | 1.55B | 1.55B |
| Cash & Short-Term Investments | 24.26M | 61.4M | 33.22M | 66.42M | 50.45M | 115.53M | 79.27M | 108.52M | 71.78M | 103.97M |
| Cash Only | 24.26M | 61.4M | 33.22M | 66.42M | 50.45M | 115.53M | 79.27M | 108.52M | 71.78M | 103.97M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 213.51M | 191.64M | 315.08M | 341.16M | 516.47M | 796.17M | 829.13M | 942.59M | 257.86M | 249.2M |
| Days Sales Outstanding | 108.67 | 88.86 | 132.66 | 120.63 | 155.06 | 159.29 | 220.15 | 194.38 | 48.71 | 111.57 |
| Inventory | 8.14M | 7.76M | 9.24M | 8.57M | 8.81M | 14.22M | 13.64M | 11.56M | 12.61M | 12.52M |
| Days Inventory Outstanding | 5.18 | 4.62 | 4.82 | 3.71 | 3.26 | 3.38 | 4.41 | 2.79 | 2.83 | 2.74 |
| Other Current Assets | 27.13M | 38.6M | 40.52M | 47.7M | 37.48M | 75.42M | 206.44M | 238.47M | 1.21B | 1.19B |
| Total Non-Current Assets | 696.87M | 850.66M | 948.82M | 1.26B | 1.59B | 1.88B | 2.59B | 2.86B | 2.98B | 3.09B |
| Property, Plant & Equipment | 361.75M | 466.94M | 622.36M | 777.51M | 911.63M | 1.24B | 1.77B | 2.01B | 86.24M | 85.75M |
| Fixed Asset Turnover | 1.98x | 1.69x | 1.39x | 1.33x | 1.33x | 1.48x | 0.78x | 0.88x | 22.40x | 1.76x |
| Goodwill | 56.13M | 58.33M | 58.41M | 58.71M | 71.16M | 70.63M | 75.59M | 66.31M | 69.3M | 68.99M |
| Intangible Assets | 2.44M | 2M | 1.61M | 927K | 6.96M | 4.69M | 6.81M | 8.81M | 7.46M | 6.87M |
| Long-Term Investments | 248.33M | 289.65M | 1.31M | 1.19M | 0 | 0 | 0 | 0 | 525.66M | 42.93M |
| Other Non-Current Assets | 27.64M | 29.39M | 265.13M | 425.06M | 592.78M | 561.64M | 711.09M | 719.23M | 2.2B | 6.97B |
| Total Assets | 983.95M▲ 0% | 1.16B▲ 18.1% | 1.37B▲ 18.3% | 1.75B▲ 27.7% | 2.22B▲ 26.8% | 2.88B▲ 29.3% | 3.71B▲ 29.1% | 4.16B▲ 12.0% | 4.54B▲ 9.1% | 4.64B▲ 0% |
| Asset Turnover | 0.73x | 0.68x | 0.63x | 0.59x | 0.55x | 0.63x | 0.37x | 0.43x | 0.43x | 0.44x |
| Asset Growth % | 23.41% | 18.06% | 18.28% | 27.66% | 26.83% | 29.31% | 29.09% | 11.98% | 9.1% | 39.89% |
| Total Current Liabilities | 202.14M | 222.63M | 336.65M | 383.1M | 474.22M | 812.07M | 901.47M | 889.01M | 1.03B | 1.04B |
| Accounts Payable | 135.88M | 134.33M | 202.42M | 230.92M | 308.96M | 349.13M | 402.75M | 529.34M | 691.2M | 666.74M |
| Days Payables Outstanding | 86.56 | 79.92 | 105.72 | 99.78 | 114.45 | 83.09 | 130.3 | 127.63 | 154.96 | 129.83 |
| Short-Term Debt | 22.38M | 26.89M | 64.97M | 65.09M | 78.93M | 331.48M | 322.25M | 149.36M | 140.08M | 171.76M |
| Deferred Revenue (Current) | 19.87M | 24.36M | 0 | 0 | 35.92M | 34.8M | 52.9M | 91.73M | 79.91M | 261.76M |
| Other Current Liabilities | 0 | 0 | 29.61M | 36.73M | 0 | 0 | 0 | 0 | 117.72M | 787.23M |
| Current Ratio | 1.42x | 1.40x | 1.26x | 1.28x | 1.35x | 1.23x | 1.25x | 1.46x | 1.51x | 1.51x |
| Quick Ratio | 1.38x | 1.36x | 1.24x | 1.26x | 1.33x | 1.22x | 1.24x | 1.45x | 1.50x | 1.50x |
| Cash Conversion Cycle | 27.3 | 13.57 | 31.76 | 24.56 | 43.88 | 79.58 | 94.27 | 69.54 | -103.42 | -15.51 |
| Total Non-Current Liabilities | 445.19M | 562.13M | 576.89M | 839.36M | 1B | 1.15B | 1.84B | 2.22B | 2.39B | 2.49B |
| Long-Term Debt | 173.24M | 219.16M | 494.87M | 743.15M | 377.18M | 568.63M | 1.17B | 1.48B | 1.75B | 1.88B |
| Capital Lease Obligations | 0 | 0 | 52.6M | 54.53M | 35.13M | 31.7M | 42.26M | 59.48M | 55.94M | 125.42M |
| Deferred Tax Liabilities | 584K | 4.35M | 0 | 0 | 3.87M | 9.18M | 4.48M | 2.22M | 2.94M | 8.61M |
| Other Non-Current Liabilities | 29.09M | 43.93M | 29.42M | 41.67M | 43.18M | 49.49M | 82.71M | 114.45M | 576.78M | 1.41B |
| Total Liabilities | 647.33M | 784.76M | 913.54M | 1.22B | 1.47B | 1.96B | 2.74B | 3.11B | 3.41B | 3.53B |
| Total Debt | 195.61M | 246.05M | 623.24M | 873.15M | 497.53M | 937.65M | 1.55B | 1.7B | 1.95B | 2.05B |
| Net Debt | 171.35M | 184.66M | 590.02M | 806.73M | 447.08M | 822.11M | 1.47B | 1.59B | 1.87B | 1.95B |
| Debt / Equity | 0.56x | 0.63x | 1.35x | 1.64x | 0.66x | 1.02x | 1.59x | 1.63x | 1.73x | 1.73x |
| Debt / EBITDA | 3.15x | 2.75x | 6.84x | 7.69x | 3.50x | 5.01x | 10.45x | 8.60x | 8.47x | 10.04x |
| Net Debt / EBITDA | 2.76x | 2.06x | 6.48x | 7.11x | 3.15x | 4.39x | 9.92x | 8.06x | 8.16x | 8.16x |
| Interest Coverage | 4.08x | 3.82x | 3.27x | 4.12x | 5.54x | 4.45x | 1.83x | 1.47x | 1.43x | 1.20x |
| Total Equity | 346.96M▲ 0% | 391.59M▲ 12.9% | 460.47M▲ 17.6% | 531.66M▲ 15.5% | 750.45M▲ 41.2% | 919.65M▲ 22.5% | 972.75M▲ 5.8% | 1.05B▲ 7.7% | 1.12B▲ 7.3% | 1.11B▲ 0% |
| Equity Growth % | 15.21% | 12.86% | 17.59% | 15.46% | 41.15% | 22.55% | 5.77% | 7.7% | 7.31% | 30.75% |
| Book Value per Share | 7.58 | 8.36 | 9.64 | 10.85 | 14.36 | 17.26 | 18.28 | 19.71 | 21.10 | 21.02 |
| Total Shareholders' Equity | 336.62M | 376.88M | 428.86M | 492.81M | 704.26M | 824.03M | 901.98M | 1.01B | 1.08B | 1.11B |
| Common Stock | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K |
| Retained Earnings | 235.84M | 269.81M | 314.46M | 368.39M | 438.73M | 533.55M | 595.91M | 652.56M | 696.74M | 678.41M |
| Treasury Stock | -9.8M | -11.64M | -11.78M | -11.79M | -11.79M | -11.79M | -11.79M | -11.79M | -11.79M | 0 |
| Accumulated OCI | -5.63M | -5.95M | -7.51M | -9.29M | -6.67M | -4.05M | -3.04M | -5.87M | -460K | -2.32M |
| Minority Interest | 10.34M | 14.72M | 31.62M | 38.85M | 46.18M | 95.63M | 70.78M | 34.39M | 44.09M | 1.47M |
AMRC Cash Flow Statement
Ameresco, Inc. (AMRC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -136.56M | -53.2M | -196.29M | -102.58M | -172.3M | -338.29M | -69.99M | 117.6M | -80.36M | -80.36M |
| Operating CF Margin % | -19.04% | -6.76% | -22.64% | -9.94% | -14.17% | -18.54% | -5.09% | 6.64% | -4.16% | - |
| Operating CF Growth % | -135.15% | 61.04% | -268.96% | 47.74% | -67.96% | -96.34% | 79.31% | 268.02% | -168.33% | -288.19% |
| Net Income | 33.51M | 37.58M | 40.3M | 56.92M | 80.19M | 98.55M | 63.9M | 56.76M | 44.28M | 31.48M |
| Depreciation & Amortization | 25.49M | 30.53M | 39.44M | 42.04M | 46.58M | 54.28M | 65.91M | 89.54M | 104.27M | 108.02M |
| Stock-Based Compensation | 1.29M | 1.26M | 1.62M | 1.93M | 8.72M | 15.05M | 10.32M | 14.13M | 0 | 7.93M |
| Deferred Taxes | -4.53M | 5.52M | -3.35M | 3.4M | -4.76M | 3.92M | -27.6M | -24.32M | -18.46M | -16.73M |
| Other Non-Cash Items | -83K | 4.8M | -1.21M | 4.97M | 4.99M | 4.54M | 2.7M | -25.14M | 8.52M | 16.56M |
| Working Capital Changes | -192.24M | -132.88M | -273.1M | -211.85M | -308M | -514.62M | -185.22M | 6.62M | -218.97M | -170.44M |
| Change in Receivables | 3.15M | 13.55M | -11.87M | -244.9M | -391.75M | -523.93M | -216.6M | -215.19M | -268.71M | -317.47M |
| Change in Inventory | 3.97M | 373K | -1.47M | 660K | -232K | -5.41M | 581K | 2.08M | -1.05M | -172K |
| Change in Payables | 19.65M | 2.94M | 43.53M | 29.05M | 83.47M | 36.16M | 53.24M | 143.78M | 0 | 99.94M |
| Cash from Investing | -88.75M | -133.21M | -142.22M | -181.01M | -205.26M | -328.36M | -566.94M | -386.64M | -251.32M | -233.68M |
| Capital Expenditures | -89.11M | -129.62M | -140.63M | -182.76M | -183.78M | -327.9M | -551.77M | -438.35M | -356M | -137.91M |
| CapEx % of Revenue | 12.43% | 16.47% | 16.22% | 17.7% | 15.12% | 17.97% | 40.14% | 24.77% | 18.43% | - |
| Acquisitions | 368K | -3.59M | -1.59M | -132K | -22.26M | 0 | -14.61M | 55.58M | 128K | 4.43M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -86.26M | -125.67M | -135.25M | 1.87M | 774K | -459K | -565K | -5.21M | 132.37M | -72.54M |
| Cash from Financing | 228.79M | 224.51M | 317.42M | 305.17M | 365.46M | 730.23M | 640.8M | 313.94M | 318.38M | 336.13M |
| Debt Issued (Net) | 58.07M | 55.97M | 88.81M | 45.43M | 79.72M | 444.52M | 497.44M | 125.27M | 221.05M | 142.13M |
| Equity Issued (Net) | -3.41M | -1.84M | -144K | -6K | 120.08M | 0 | 0 | 2.76M | 2.91M | 2.48M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -3.41M | -1.84M | -144K | -6K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 175.58M | 170.38M | 228.76M | 259.74M | 165.66M | 285.71M | 143.36M | 185.91M | 94.41M | 191.52M |
| Net Change in Cash | 3.65M▲ 0% | 37.81M▲ 934.4% | -20.65M▼ 154.6% | 21.57M▲ 204.5% | -11.78M▼ 154.6% | 62.83M▲ 633.3% | 3.79M▼ 94.0% | 44.7M▲ 1080.1% | -13.92M▼ 131.1% | 19.1M▲ 0% |
| Free Cash Flow | -225.67M▲ 0% | -182.82M▲ 19.0% | -336.92M▼ 84.3% | -285.34M▲ 15.3% | -356.07M▼ 24.8% | -666.19M▼ 87.1% | -621.76M▲ 6.7% | -320.75M▲ 48.4% | -436.36M▼ 36.0% | -154.57M▲ 0% |
| FCF Margin % | -31.47% | -23.23% | -38.86% | -27.64% | -29.29% | -36.52% | -45.23% | -18.12% | -22.58% | -7.8% |
| FCF Growth % | -68.27% | 18.99% | -84.29% | 15.31% | -24.79% | -87.09% | 6.67% | 48.41% | -36.04% | 58.47% |
| FCF per Share | -4.93 | -3.90 | -7.05 | -5.82 | -6.81 | -12.50 | -11.68 | -6.04 | -8.19 | -8.19 |
| FCF Conversion (FCF/Net Income) | -3.64x | -1.40x | -4.42x | -1.90x | -2.45x | -3.56x | -1.12x | 2.07x | -1.81x | -4.91x |
| Interest Paid | 11.68M | 15.56M | 17.47M | 20.14M | 18.78M | 32.95M | 80.25M | 80.25M | 0 | 27.67M |
| Taxes Paid | 5.78M | 2.26M | 3.9M | 1.47M | 2.67M | 7.28M | 3.83M | 4.46M | 0 | 2.61M |
AMRC Key Ratios
Ameresco, Inc. (AMRC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 11.57% | 10.29% | 10.43% | 10.9% | 10.99% | 11.37% | 6.6% | 5.62% | 4.08% | 2.86% |
| Return on Invested Capital (ROIC) | 5.72% | 8.1% | 4.76% | 4.49% | 5.64% | 6.79% | 2.95% | 3.21% | 3.34% | 3.34% |
| Gross Margin | 20.1% | 22.06% | 19.39% | 18.17% | 18.95% | 15.94% | 17.93% | 14.47% | 15.73% | 15.58% |
| Net Margin | 5.23% | 4.83% | 5.13% | 5.24% | 5.8% | 5.2% | 4.54% | 3.21% | 2.29% | 1.59% |
| Debt / Equity | 0.56x | 0.63x | 1.35x | 1.64x | 0.66x | 1.02x | 1.59x | 1.63x | 1.73x | 1.73x |
| Interest Coverage | 4.08x | 3.82x | 3.27x | 4.12x | 5.54x | 4.45x | 1.83x | 1.47x | 1.43x | 1.20x |
| FCF Conversion | -3.64x | -1.40x | -4.42x | -1.90x | -2.45x | -3.56x | -1.12x | 2.07x | -1.81x | -4.91x |
| Revenue Growth | 10.12% | 9.76% | 10.14% | 19.07% | 17.77% | 50.07% | -24.65% | 28.76% | 9.16% | 8.57% |
AMRC SEC Filings & Documents
Ameresco, Inc. (AMRC) SEC filings — annual & quarterly reports (10-K, 10-Q)
AMRC Frequently Asked Questions
Ameresco, Inc. (AMRC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Ameresco, Inc. (AMRC) reported $1.98B in revenue for fiscal year 2025. This represents a 400% increase from $395.9M in 2008.
Ameresco, Inc. (AMRC) grew revenue by 9.2% over the past year. This is steady growth.
Yes, Ameresco, Inc. (AMRC) is profitable, generating $31.5M in net income for fiscal year 2025 (2.3% net margin).
Dividend & Returns
Ameresco, Inc. (AMRC) has a return on equity (ROE) of 4.1%. This is below average, suggesting room for improvement.
Ameresco, Inc. (AMRC) had negative free cash flow of $154.6M in fiscal year 2025, likely due to heavy capital investments.
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