Zacks Investment Research·2d ago
EMCOR Raises 2026 Outlook as Record RPOs Strengthen Growth VisibilityEME beats Q3 estimates and raises 2026 guidance as record $18.57 billion RPOs and surging data-center demand strengthen its growth outlook.
EMCOR's revenue growth appears to have accelerated to roughly 28.8% year over year in Q3 2026 from about 12.7% in Q1 2025, while gross margin widened from 18.7% to 20.0% and diluted EPS rose from $5.26 to $9.04, suggesting demand and project mix are supporting earnings.
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Revenue growth accelerated to about 28.8% year over year in Q3 2026 while operating margin improved to 9.8% and gross margin expanded to 20.0%, suggesting operating leverage is emerging.
Analysts project EMCOR to achieve roughly US$21.2 billion in revenue and US$1.4 billion in earnings by 2028, indicating robust financial performance.
EMCOR's technological advancements are expected to keep it well ahead of competitors, driving future growth.
The company's focus on energy retrofits positions it to capitalize on growing demand for sustainable infrastructure solutions.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
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Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 29, 2026 | $9.60+14.7% vs $8.37 | $5.5B+6.8% vs $5.2B |
Q3 2026 Jul 30, 2026 | $9.06+25.3% vs $7.23 | $5.2B+9.4% vs $4.7B |
Q2 2026 Apr 29, 2026 | $6.84+15.9% vs $5.90 | $4.6B+10.2% vs $4.2B |
Q1 2026 Feb 26, 2026 | $7.19+7.6% vs $6.68 | $4.5B+5.4% vs $4.3B |
EME beats Q3 estimates and raises 2026 guidance as record $18.57 billion RPOs and surging data-center demand strengthen its growth outlook.
EME's earnings growth, raised 2026 guidance and strong cash flow support its outlook, but a valuation premium and project execution risks warrant caution.
EMCOR shares drop 18.5% despite record backlog and strong earnings growth, putting the spotlight on execution risks, margins and data-center exposure.
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Benchmark EME against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for EMCOR Group, Inc. (EME)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $608.45 | $27.04B | 17.47 | 16.62% | 7.77% | 38.77% | 0.16% | |
| $540.90 | $81.17B | 48.78 | 19.76% | 4.54% | 17.58% | 0.07% | |
| $174.10 | $13.76B | 28.18 | 16.22% | 2.85% | 13.54% | — | |
| $66.22 | $1B | 16.22 | 20.46% | 8.19% | 18.99% | — | |
| $262.91 | $4.09B | 21.39 | 8.79% | 4.48% | 26.32% | — | |
| $65.40 | $3.55B | 36.74 | 18.97% | 1.36% | 5.9% | 0.48% |
EMCOR Group, Inc. (EME) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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EMCOR Group, Inc. (EME) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 29, 2026·SEC
Jul 31, 2026·SEC
Jul 30, 2026·SEC
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EMCOR Group, Inc. (EME) stock FAQ — growth, dividends, profitability & financials explained
EMCOR Group, Inc. (EME) reported $19.84B in revenue over the trailing twelve months. Revenue was $16.99B in fiscal year 2025. That is 918% more than the $1.67B of fiscal year 1996.
EMCOR Group, Inc. (EME) grew revenue by 22.2% over the trailing twelve months, compared with the twelve months before.
Yes. EMCOR Group, Inc. (EME) earned $1.54B in net income over the trailing twelve months (a 7.8% net margin).
Yes. EMCOR Group, Inc. (EME) pays a dividend that yields 0.16% at the current price, a small yield.
EMCOR Group, Inc. (EME) had a return on equity (ROE) of 38.8% over the trailing twelve months. That is well above the market's typical 10-15%.
EMCOR Group, Inc. (EME) generated $1.48B in free cash flow over the trailing twelve months.
