EMCOR Group, Inc. (EME) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 558K | 524.4M | 475.5M | 193.69M | 108.47M | 469.49M | 526.44M | 279.69M | 132.26M | 423.76M | 260.96M | 299.51M | -84.58M | 259.58M | 257.2M | 76.96M | -95.81M | 204.88M | 120.91M | 82.02M |
| Operating CF Margin % | 0.01% | 11.61% | 11.05% | 4.5% | 2.8% | 12.45% | 14.24% | 7.63% | 3.85% | 12.32% | 8.14% | 9.83% | -2.93% | 8.8% | 9.1% | 2.84% | -3.7% | 7.76% | 4.79% | 3.36% |
| Operating CF Growth % | -99.49% | 11.7% | -9.68% | -30.75% | -17.99% | 10.79% | 101.73% | -6.62% | 256.37% | 63.25% | 1.46% | 289.17% | 11.72% | 26.7% | 112.72% | -6.16% | -7.67% | -21.06% | -55.23% | -76.93% |
| Net Income | 305.48M | 434.61M | 295.37M | 302.16M | 240.68M | 292.16M | 270.26M | 247.57M | 197.15M | 211.51M | 169.75M | 140.59M | 111.47M | 126.3M | 105.77M | 100.66M | 73.39M | 101.67M | 99.74M | 97.35M |
| Depreciation & Amortization | 52.57M | 50.03M | 47.8M | 46.65M | 41.95M | 35.32M | 34.54M | 34.23M | 29.59M | 31.19M | 30.29M | 29M | 28.5M | 27.98M | 27.5M | 26.01M | 27.13M | 28.19M | 29.14M | 28.12M |
| Stock-Based Compensation | -6.04M | -21.75M | 3.65M | 3.82M | 9.27M | 3.81M | 4.8M | 4.84M | 6.53M | 3.04M | 3.17M | 3.45M | 4.09M | 2.8M | 2.86M | 3.02M | 3.44M | 2.64M | 2.62M | 2.66M |
| Deferred Taxes | -6.95M | -16.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.35M | 0 | 0 | 10.48M | 0 | 0 | 0 | 13.17M | -2.29M | -1.37M |
| Other Non-Cash Items | -344.5M | -126.41M | -218.27M | 1.39M | 3.2M | -10.32M | -2.32M | -58K | 7.07M | -6.72M | -180K | -3.85M | 162K | 380K | -2.97M | 2.52M | -226K | 3.96M | 1.31M | 5.37M |
| Working Capital Changes | 0 | 203.98M | 346.95M | -160.33M | -186.62M | 148.53M | 219.16M | -6.9M | -108.07M | 184.74M | 55.59M | 130.32M | -228.8M | 91.64M | 124.05M | -55.25M | -199.54M | 55.25M | -9.6M | -50.11M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -384.82M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31.54M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -71.75M | 104.13M | -38.89M | -63.38M | -875.44M | -55.6M | -32.55M | -191.7M | -19.44M | -27.26M | -85.6M | -23.03M | -25.41M | -17.9M | -69.57M | -39.38M | -13.95M | -15.59M | -66.55M | -39.17M |
| Capital Expenditures | -28.71M | -31.92M | -26.66M | -28.04M | -26.13M | -17.71M | -17.71M | -19.25M | -20.28M | -22.1M | -19.74M | -13.41M | -23.15M | -10.57M | -10.97M | -16.25M | -11.5M | -10.24M | -9.22M | -8.53M |
| CapEx % of Revenue | 0.62% | 0.71% | 0.62% | 0.65% | 0.68% | 0.47% | 0.48% | 0.53% | 0.59% | 0.64% | 0.62% | 0.44% | 0.8% | 0.36% | 0.39% | 0.6% | 0.44% | 0.39% | 0.37% | 0.35% |
| Acquisitions | -43.67M | -121.61M | -13.26M | -36.59M | -850.64M | -38.97M | -15.94M | -173.16M | -100K | -6.75M | -67.36M | -10.55M | -11.83M | -7.58M | -64.46M | -23.7M | -2.91M | -6.18M | -57.81M | -31.52M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 636K | 257.66M | 1.02M | 1.25M | 1.33M | 1.07M | 1.11M | 716K | 939K | 1.59M | 1.5M | 931K | 9.58M | 248K | 5.86M | 571K | 462K | 824K | 485K | 875K |
| Cash from Financing | -124.36M | -168.73M | -263.9M | -230.3M | -829K | -100.33M | -273.59M | -122.5M | -58.95M | -135.9M | -149.79M | -197.88M | 71.51M | -197.52M | -37.51M | -281.58M | -193.51M | -32.33M | -56.04M | -133.15M |
| Debt Issued (Net) | 0 | -610K | -250.65M | -658K | 249.22M | -711K | -751K | -620K | -773K | -104M | -143.47M | -100.7M | 99.22M | -184.69M | 169.15M | -910K | -979K | -14.81M | -1.02M | -1.08M |
| Equity Issued (Net) | -87.11M | -154.09M | 432.17M | -207.33M | -224.83M | -84.39M | -256.42M | -110.01M | -38.06M | -23.11M | 2.33M | -86.99M | -21.27M | -4.28M | -202.26M | -274.8M | -179.85M | -10.39M | -45.22M | -123.28M |
| Dividends Paid | -17.81M | -11.19M | -11.19M | -11.19M | -11.45M | -11.5M | -11.66M | -11.75M | -8.47M | -8.49M | -8.48M | -8.56M | -7.15M | -7.15M | -6.42M | -6.69M | -6.93M | -6.94M | -6.99M | -7.12M |
| Share Repurchases | -87.11M | -154.09M | 432.17M | -207.33M | -224.83M | -84.39M | -256.42M | -110.01M | -39M | -22.41M | 0 | -89.27M | -16.03M | -4.04M | -202.26M | -272.51M | -181.81M | -12.3M | -45.22M | -125.11M |
| Other Financing | -19.44M | -2.84M | -434.23M | -11.12M | -13.77M | -3.73M | -4.76M | -118K | -11.65M | -306K | -157K | -1.62M | 712K | -1.41M | 2.02M | 824K | -5.75M | -190K | -2.81M | -1.67M |
| Net Change in Cash | -195.55M | 455.65M | 169.16M | -90.3M | -762.93M | 303.58M | 228.59M | -34.29M | 52.74M | 266.72M | 20.58M | 82.23M | -36.24M | 52.18M | 141.34M | -252.33M | -306.7M | 157.55M | -4.77M | -89.97M |
| Free Cash Flow | -28.15M | 492.49M | 448.84M | 165.64M | 82.34M | 451.79M | 508.73M | 260.44M | 111.99M | 401.66M | 241.22M | 286.11M | -107.74M | 249.01M | 246.24M | 60.72M | -107.31M | 194.64M | 111.69M | 73.49M |
| FCF Margin % | -0.61% | 10.9% | 10.43% | 3.85% | 2.13% | 11.98% | 13.76% | 7.1% | 3.26% | 11.68% | 7.52% | 9.39% | -3.73% | 8.44% | 8.71% | 2.24% | -4.14% | 7.37% | 4.43% | 3.01% |
| FCF Growth % | -134.19% | 9.01% | -11.77% | -36.4% | -26.47% | 12.48% | 110.9% | -8.97% | 203.94% | 61.3% | -2.04% | 371.21% | -0.39% | 27.93% | 120.46% | -17.38% | -10.41% | -20.8% | -57.35% | -78.49% |
| FCF per Share | -0.62 | 10.93 | 9.98 | 3.68 | 1.78 | 9.78 | 10.92 | 5.52 | 2.37 | 8.49 | 5.09 | 6.01 | -2.25 | 5.19 | 5.02 | 1.20 | -2.03 | 3.62 | 2.07 | 1.35 |
| FCF Conversion (FCF/Net Income) | 0.00x | 1.21x | 1.61x | 0.64x | 0.45x | 1.61x | 1.95x | 1.13x | 0.67x | 2.00x | 1.54x | 2.13x | -0.76x | 2.06x | 2.43x | 0.76x | -1.31x | 2.02x | 1.21x | 0.84x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |