Ameresco, Inc. (AMRC) Financial Ratios
18 years of historical data (2008–2025) · Industrials · Engineering & Construction
EV/EBITDA
↓
14.76
↓-29% vs avg
5yr avg: 20.88
30Y Low8.1·High33.1
P/FCF
N/A
—
5yr avg: N/A
30Y Low12.8·High12.8
P/B Ratio
↓
1.36
↓-49% vs avg
5yr avg: 2.66
30Y Low0.8·High5.7
ROE
↓
4.1%
↑-47% vs avg
5yr avg: 7.7%
30Y Low1%·High25%
Debt/EBITDA
↑
8.47
+18% vs avg
5yr avg: 7.21
30Y Low2.7·High10.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AMRC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ameresco, Inc. trades at 34.5x earnings, roughly in line with its 5-year average of 35.3x, sitting at the 73rd percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 35%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $1.6B | $1.2B | $1.7B | $3.0B | $4.3B | $2.6B | $836M | $660M | $393M | $256M |
| Enterprise Value | $3.4B | $3.4B | $2.8B | $3.2B | $3.9B | $4.7B | $3.4B | $1.4B | $845M | $565M | $395M |
| P/E Ratio → | 34.51 | 35.29 | 21.94 | 27.07 | 32.10 | 60.33 | 47.49 | 18.82 | 17.41 | 10.49 | 21.15 |
| P/S Ratio | 0.78 | 0.81 | 0.70 | 1.23 | 1.67 | 3.50 | 2.48 | 0.96 | 0.84 | 0.55 | 0.39 |
| P/B Ratio | 1.36 | 1.39 | 1.19 | 1.73 | 3.31 | 5.67 | 4.82 | 1.82 | 1.69 | 1.13 | 0.85 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | 10.61 | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
AMRC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ameresco, Inc.'s enterprise value stands at 14.8x EBITDA, 29% below its 5-year average of 20.9x. The Industrials sector median is 13.8x, placing the stock at a 7% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.78 | 1.61 | 2.29 | 2.12 | 3.87 | 3.26 | 1.64 | 1.07 | 0.79 | 0.61 |
| EV / EBITDA | 14.76 | 14.95 | 14.36 | 21.30 | 20.65 | 33.12 | 29.65 | 15.66 | 9.43 | 9.10 | 8.14 |
| EV / EBIT | 27.02 | 27.37 | 26.92 | 37.34 | 28.36 | 49.33 | 45.17 | 27.10 | 14.72 | 15.12 | 16.61 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
AMRC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ameresco, Inc. earns an operating margin of 6.5%, above the Industrials sector average of 4.3%. ROE of 4.1% is modest, trailing the sector median of 8.2%. ROIC of 3.3% represents below-average returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.7% | 15.7% | 14.5% | 17.9% | 15.9% | 18.9% | 18.2% | 19.4% | 22.1% | 20.1% | 20.6% |
| Operating Margin | 6.5% | 6.5% | 6.1% | 6.0% | 7.3% | 7.9% | 6.9% | 6.0% | 7.5% | 5.1% | 3.7% |
| Net Profit Margin | 2.3% | 2.3% | 3.2% | 4.5% | 5.2% | 5.8% | 5.2% | 5.1% | 4.8% | 5.2% | 1.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.1% | 4.1% | 5.6% | 6.6% | 11.4% | 11.0% | 10.9% | 10.4% | 10.3% | 11.6% | 4.1% |
| ROA | 1.0% | 1.0% | 1.4% | 1.9% | 3.7% | 3.5% | 3.5% | 3.5% | 3.5% | 4.2% | 1.6% |
| ROIC | 3.3% | 3.3% | 3.2% | 2.9% | 6.8% | 5.6% | 4.5% | 4.8% | 8.1% | 5.7% | 4.3% |
| ROCE | 3.7% | 3.7% | 3.6% | 3.4% | 7.0% | 6.1% | 5.9% | 5.2% | 6.9% | 5.3% | 4.1% |
AMRC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ameresco, Inc. carries a Debt/EBITDA ratio of 8.5x, which is highly leveraged (162% above the sector average of 3.2x). Net debt stands at $1.9B ($1.9B total debt minus $72M cash). Interest coverage of just 1.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.73 | 1.73 | 1.63 | 1.59 | 1.02 | 0.66 | 1.64 | 1.35 | 0.63 | 0.56 | 0.53 |
| Debt / EBITDA | 8.47 | 8.47 | 8.60 | 10.45 | 5.01 | 3.50 | 7.69 | 6.84 | 2.75 | 3.15 | 3.29 |
| Net Debt / Equity | — | 1.67 | 1.52 | 1.51 | 0.89 | 0.60 | 1.52 | 1.28 | 0.47 | 0.49 | 0.46 |
| Net Debt / EBITDA | 8.16 | 8.16 | 8.06 | 9.92 | 4.39 | 3.15 | 7.11 | 6.48 | 2.06 | 2.76 | 2.87 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.43 | 1.43 | 1.47 | 1.83 | 4.45 | 5.54 | 4.12 | 3.27 | 3.82 | 4.08 | 3.65 |
AMRC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.51x means Ameresco, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.25x to 1.51x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.51 | 1.51 | 1.46 | 1.25 | 1.23 | 1.35 | 1.28 | 1.26 | 1.40 | 1.42 | 1.19 |
| Quick Ratio | 1.50 | 1.50 | 1.45 | 1.24 | 1.22 | 1.33 | 1.26 | 1.24 | 1.36 | 1.38 | 1.12 |
| Cash Ratio | 0.07 | 0.07 | 0.12 | 0.09 | 0.14 | 0.11 | 0.17 | 0.10 | 0.28 | 0.12 | 0.11 |
| Asset Turnover | — | 0.43 | 0.43 | 0.37 | 0.63 | 0.55 | 0.59 | 0.63 | 0.68 | 0.73 | 0.82 |
| Inventory Turnover | 129.12 | 129.12 | 131.00 | 82.73 | 107.86 | 111.88 | 98.51 | 75.66 | 79.01 | 70.40 | 42.70 |
| Days Sales Outstanding | — | 48.71 | 194.38 | 220.15 | 159.29 | 155.06 | 120.63 | 132.66 | 88.86 | 108.67 | 89.75 |
AMRC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ameresco, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 2.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 2.8% | 4.6% | 3.7% | 3.1% | 1.7% | 2.1% | 5.3% | 5.7% | 9.5% | 4.7% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.9% | 2.5% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.9% | 2.5% |
| Shares Outstanding | — | $53M | $53M | $53M | $53M | $52M | $49M | $48M | $47M | $46M | $46M |
Peer Comparison
Compare AMRC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AMRCYou | $2B | 34.5 | 14.8 | — | 15.7% | 6.5% | 4.1% | 3.3% | 8.5 |
 TPVG | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 AEYE | $79M | -25.2 | 224.1 | 16.8 | 78.3% | -7.9% | -43.2% | -20.1% | 34.1 |
 PESI | $204M | -14.7 | — | — | 9.6% | -19.0% | -24.5% | -21.7% | — |
 MYRG | $7B | 61.2 | 31.1 | 30.9 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 TTEK | $7B | 29.4 | 12.0 | 16.3 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
 ERII | $486M | 22.4 | 15.8 | 27.8 | 65.2% | 18.2% | 11.0% | 10.3% | 0.3 |
 CWEN | $8B | 26.4 | 16.1 | 20.8 | 15.2% | 12.3% | 2.9% | 0.9% | 9.6 |
 ARRY | $1B | -11.0 | 13.3 | 15.4 | 21.2% | 6.6% | -19.0% | 9.0% | 5.8 |
 SHLS | $2B | 52.1 | 29.5 | — | 35.0% | 11.9% | 5.8% | 5.9% | 2.7 |
 GEVO | $375M | -11.0 | 83.8 | — | 30.2% | -11.7% | -7.0% | -2.8% | 25.9 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 18 years · Updated daily
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AMRC — Frequently Asked Questions
Quick answers to the most common questions about buying AMRC stock.
What is Ameresco, Inc.'s P/E ratio?
Ameresco, Inc.'s current P/E ratio is 34.5x. The historical average is 38.7x. This places it at the 73th percentile of its historical range.
What is Ameresco, Inc.'s EV/EBITDA?
Ameresco, Inc.'s current EV/EBITDA is 14.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.2x.
What is Ameresco, Inc.'s ROE?
Ameresco, Inc.'s return on equity (ROE) is 4.1%. The historical average is 10.1%.
Is AMRC stock overvalued?
Based on historical data, Ameresco, Inc. is trading at a P/E of 34.5x. This is at the 73th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Ameresco, Inc.'s profit margins?
Ameresco, Inc. has 15.7% gross margin and 6.5% operating margin.
How much debt does Ameresco, Inc. have?
Ameresco, Inc.'s Debt/EBITDA ratio is 8.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.