Energy Services of America Corporation (ESOA) 10-Year Financial Performance & Capital Metrics

ESOA • • Industrial / General

IndustrialsEngineering & ConstructionEnergy & Industrial ConstructionEnergy Infrastructure Contractors

AboutEnergy Services of America Corporation provides contracting services for utilities and energy related companies in the United States. It constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works. The company also offers a range of electrical and mechanical installation, and repair services, including substation and switchyard, site preparation, equipment setting, pipe fabrication and installation, packaged buildings, transformers, and other ancillary works for the gas, petroleum power, chemical, water and sewer, and automotive industries. It provides liquid pipeline and pump station construction, production facility construction, water and sewer pipeline installation, and various maintenance and repair services, as well as other services related to pipeline construction. The company serves customers primarily in West Virginia, Virginia, Ohio, Pennsylvania, and Kentucky. Energy Services of America Corporation was incorporated in 2006 and is based in Huntington, West Virginia.Show more

Revenue $411M +16.8%
EBITDA $17M -40.2%
Net Income $380K -98.5%
EPS (Diluted) 0.02 -98.7%
Gross Margin 9.43% -33.5%
EBITDA Margin 4.2% -48.8%
Operating Margin 1.03% -81.8%
Net Margin 0.09% -98.7%
ROE 0.67% -98.8%
ROIC 3.03% -84.9%
Debt/Equity 1.32 +113.5%
Interest Coverage 1.31 -85.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 24.9%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 28.1%
✓Efficient asset utilization: 86.3x turnover

✗Weaknesses

✗Profits declining 31.0% over 5 years
✗Weak momentum: RS Rating 15 (bottom 15%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.41%

5Y28.09%

3Y27.65%

TTM16.8%

Profit (Net Income) CAGR

10Y-15.88%

5Y-31.03%

3Y-53.39%

TTM-98.49%

EPS CAGR

10Y-14.87%

5Y-30.12%

3Y-55.7%

TTM-98.59%

ROCE

10Y Avg9.67%

5Y Avg10.43%

3Y Avg17.99%

Latest5.17%

Peer Comparison

Energy Infrastructure Contractors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESOAEnergy Services of America Corporation	145.96M	8.78	439	16.8%	0.09%	0.7%	4.12%	1.32
MTZMasTec, Inc.	18.61B	235.89	114.51	2.56%	2.41%	10.41%	5.23%	0.88
PWRQuanta Services, Inc.	66.75B	447.64	74.24	13.36%	3.76%	12.11%	2.21%	0.61
PRIMPrimoris Services Corporation	7.97B	147.51	44.57	11.4%	3.72%	17.03%	4.79%	0.84

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	155.48M	140.5M	135.48M	174.54M	119.19M	122.47M	197.59M	304.1M	351.88M	411M
Revenue Growth %	0.33%	-0.1%	-0.04%	0.29%	-0.32%	0.03%	0.61%	0.54%	0.16%	0.17%
Cost of Goods Sold+	141.28M	132.71M	123.83M	161.86M	105.69M	109.54M	175.22M	267.29M	301.92M	372.23M
COGS % of Revenue	0.91%	0.94%	0.91%	0.93%	0.89%	0.89%	0.89%	0.88%	0.86%	0.91%
Gross Profit+	14.2M	7.78M	11.65M	12.68M	13.5M	12.92M	22.37M	36.81M	49.95M	38.78M
Gross Margin %	0.09%	0.06%	0.09%	0.07%	0.11%	0.11%	0.11%	0.12%	0.14%	0.09%
Gross Profit Growth %	0.31%	-0.45%	0.5%	0.09%	0.06%	-0.04%	0.73%	0.65%	0.36%	-0.22%
Operating Expenses+	7.29M	7.4M	7.73M	8.86M	9.83M	13.81M	15.88M	23.78M	30.12M	34.56M
OpEx % of Revenue	0.05%	0.05%	0.06%	0.05%	0.08%	0.11%	0.08%	0.08%	0.09%	0.08%
Selling, General & Admin	7.29M	7.4M	7.73M	8.86M	9.83M	13.81M	15.88M	23.78M	30.12M	0
SG&A % of Revenue	0.05%	0.05%	0.06%	0.05%	0.08%	0.11%	0.08%	0.08%	0.09%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	34.56M
Operating Income+	6.9M	382.15K	3.92M	-390.23K	3.67M	-892.62K	132.97K	13.04M	19.84M	4.22M
Operating Margin %	0.04%	0%	0.03%	-0%	0.03%	-0.01%	0%	0.04%	0.06%	0.01%
Operating Income Growth %	0.61%	-0.94%	9.26%	-1.1%	10.4%	-1.24%	1.15%	97.04%	0.52%	-0.79%
EBITDA+	9.41M	3.62M	8.13M	3.77M	8.07M	4M	6.25M	20.84M	28.81M	17.24M
EBITDA Margin %	0.06%	0.03%	0.06%	0.02%	0.07%	0.03%	0.03%	0.07%	0.08%	0.04%
EBITDA Growth %	0.24%	-0.62%	1.25%	-0.54%	1.14%	-0.5%	0.56%	2.34%	0.38%	-0.4%
D&A (Non-Cash Add-back)	2.5M	3.24M	4.21M	4.16M	4.4M	4.89M	6.11M	7.81M	8.98M	13.03M
EBIT	7.01M	365.3K	3.92M	4.03M	4.06M	-213.65K	7M	12.78M	35.71M	4.07M
Net Interest Income+	-875.25K	-833.42K	-784.33K	-1.01M	-432.91K	-416.35K	-987.11K	-2.41M	-2.19M	-3.21M
Interest Income	0	0	132.34K	58.02K	53.33K	286.64K	576	196	0	0
Interest Expense	875.25K	833.42K	916.67K	1.06M	486.25K	702.99K	987.69K	2.41M	2.19M	3.21M
Other Income/Expense	-765.05K	-850.27K	-502.01K	-860.93K	-93.45K	206.56K	-479.65K	-2.66M	13.69M	-3.35M
Pretax Income+	6.14M	-468.12K	3.42M	2.96M	3.58M	9.07M	6.11M	10.38M	33.52M	864.88K
Pretax Margin %	0.04%	-0%	0.03%	0.02%	0.03%	0.07%	0.03%	0.03%	0.1%	0%
Income Tax+	2.9M	-80.37K	910.03K	968.57K	1.14M	-29.13K	2.26M	2.98M	8.42M	485.17K
Effective Tax Rate %	0.53%	0.83%	0.73%	0.67%	0.68%	1%	0.61%	0.71%	0.75%	0.44%
Net Income+	3.24M	-387.76K	2.51M	1.99M	2.43M	9.1M	3.75M	7.4M	25.11M	379.71K
Net Margin %	0.02%	-0%	0.02%	0.01%	0.02%	0.07%	0.02%	0.02%	0.07%	0%
Net Income Growth %	0.51%	-1.12%	7.47%	-0.21%	0.22%	2.74%	-0.59%	0.97%	2.39%	-0.98%
Net Income (Continuing)	3.24M	-387.76K	2.51M	1.99M	2.43M	-887.52K	3.75M	7.4M	25.11M	379.71K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.17	-0.03	0.14	0.10	0.12	0.67	0.23	0.44	1.51	0.02
EPS Growth %	0.7%	-1.16%	6.15%	-0.31%	0.25%	4.58%	-0.66%	0.91%	2.43%	-0.99%
EPS (Basic)	0.21	-0.03	0.14	0.12	0.15	0.67	0.23	0.44	1.52	0.02
Diluted Shares Outstanding	17.67M	14.24M	17.67M	17.5M	17.24M	13.62M	16.32M	16.67M	16.6M	16.69M
Basic Shares Outstanding	14.24M	14.22M	17.6M	14.06M	13.8M	13.62M	16.32M	16.65M	16.57M	16.64M
Dividend Payout Ratio	0.21%	-	-	-	0.29%	-	-	0.11%	0.04%	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	43.51M	37.97M	37.87M	39.11M	41.77M	42.98M	70.39M	95.18M	110.43M	4.76M
Cash & Short-Term Investments	3.82M	1.66M	1.05M	4.58M	11.22M	8.23M	7.43M	16.43M	12.93M	15.34M
Cash Only	3.82M	1.66M	1.05M	4.58M	11.22M	8.23M	7.43M	16.43M	12.93M	0
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	35.8M	32.25M	32.68M	31.8M	27.22M	31.21M	59.02M	75.23M	93.41M	4.76M
Days Sales Outstanding	84.04	83.79	88.05	66.5	83.34	93.03	109.02	90.3	96.9	4.23
Inventory	1.41M	12.3K	12.3K	0	0	0	0	0	0	0
Days Inventory Outstanding	3.65	0.03	0.04	-	-	-	-	-	-	-
Other Current Assets	12.3K	12.3K	0	0	0	0	0	3.52M	4.09M	-15.34M
Total Non-Current Assets+	12.89M	20.72M	16.82M	16.82M	16.39M	27.19M	42.23M	47.33M	47.82M	0
Property, Plant & Equipment	12.75M	19.19M	16.82M	16.82M	16.39M	22.95M	34.27M	39.86M	40.67M	0
Fixed Asset Turnover	12.19x	7.32x	8.06x	10.38x	7.27x	5.34x	5.77x	7.63x	8.65x	-
Goodwill	0	0	0	0	0	1.81M	4.09M	4.09M	4.09M	0
Intangible Assets	0	0	0	0	0	2.43M	3.87M	3.38M	3.07M	0
Long-Term Investments	137.28K	137.28K	0	0	0	24.3M	39M	0	0	0
Other Non-Current Assets	-1.26M	137.28K	-699.9K	-1.93M	-2.26M	-27.19M	-42.23M	0	0	0
Total Assets+	56.4M	58.7M	54.68M	55.93M	58.16M	70.17M	112.63M	142.51M	158.25M	4.76M
Asset Turnover	2.76x	2.39x	2.48x	3.12x	2.05x	1.75x	1.75x	2.13x	2.22x	86.28x
Asset Growth %	0.2%	0.04%	-0.07%	0.02%	0.04%	0.21%	0.61%	0.27%	0.11%	-0.97%
Total Current Liabilities+	24.56M	26.02M	23.6M	18.31M	18.85M	24.48M	55.34M	79.9M	74.25M	0
Accounts Payable	5.01M	5.52M	6.2M	2.92M	5.22M	7.29M	20.31M	22.03M	23.67M	0
Days Payables Outstanding	12.93	15.19	18.29	6.58	18.03	24.27	42.32	30.08	28.62	-
Short-Term Debt	9.1M	14M	9.29M	8.43M	4.54M	18.43M	17.73M	25.95M	16.67M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	28.67K	28.67K	0	0	0	0	18.99M	0	0	0
Current Ratio	1.77x	1.46x	1.60x	2.14x	2.22x	1.76x	1.27x	1.19x	1.49x	-
Quick Ratio	1.71x	1.46x	1.60x	2.14x	2.22x	1.76x	1.27x	1.19x	1.49x	-
Cash Conversion Cycle	74.75	68.64	69.8	-	-	-	-	-	-	-
Total Non-Current Liabilities+	9.32M	11.54M	7.8M	12.95M	13.49M	11.05M	18.96M	28.02M	25.3M	72.2M
Long-Term Debt	7.39M	9.7M	6.47M	11.02M	11.23M	9.02M	0	18.87M	17.19M	72.2M
Capital Lease Obligations	0	0	0	0	0	0	1.02M	2.27M	1.63M	0
Deferred Tax Liabilities	1.93M	1.84M	1.33M	1.93M	2.26M	2.03M	4.46M	6.87M	6.49M	0
Other Non-Current Liabilities	0	-1.39M	0	0	0	0	0	0	0	0
Total Liabilities	33.87M	37.57M	31.4M	31.26M	32.34M	35.53M	74.3M	107.92M	99.55M	-54.54M
Total Debt+	16.49M	23.7M	15.76M	19.45M	15.77M	17.46M	32.24M	48.18M	36.39M	72.2M
Net Debt	12.68M	22.04M	14.71M	14.88M	4.56M	9.24M	24.81M	31.74M	23.46M	72.2M
Debt / Equity	0.73x	1.12x	0.68x	0.79x	0.61x	0.50x	0.84x	1.39x	0.62x	1.32x
Debt / EBITDA	1.75x	6.55x	1.94x	5.16x	1.96x	4.37x	5.16x	2.31x	1.26x	4.19x
Net Debt / EBITDA	1.35x	6.09x	1.81x	3.95x	0.56x	2.31x	3.97x	1.52x	0.81x	4.19x
Interest Coverage	7.89x	0.46x	4.28x	-0.37x	7.55x	-1.27x	0.13x	5.42x	9.06x	1.31x
Total Equity+	22.52M	21.13M	23.28M	24.66M	25.82M	34.64M	38.33M	34.59M	58.69M	54.54M
Equity Growth %	0.11%	-0.06%	0.1%	0.06%	0.05%	0.34%	0.11%	-0.1%	0.7%	-0.07%
Book Value per Share	1.27	1.48	1.32	1.41	1.50	2.54	2.35	2.07	3.54	3.27
Total Shareholders' Equity	22.52M	21.13M	23.28M	24.66M	25.82M	34.64M	38.33M	34.59M	58.69M	54.54M
Common Stock	1.48K	1.48K	1.48K	1.48K	1.48K	1.48K	1.79K	1.79K	1.79K	0
Retained Earnings	-38.77M	-40.16M	-37.96M	-36.28M	-34.85M	-26.04M	-22.18M	-25.7M	-1.59M	0
Treasury Stock	0	0	0	0	-122	-122	-122	-132	-133	0
Accumulated OCI	-26.63M	-29.24M	-31.46M	0	0	0	0	0	0	54.54M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	6.78M	868.74K	9.06M	4.33M	14.99M	798.94K	8.28M	21.07M	18.68M	4.14M
Operating CF Margin %	0.04%	0.01%	0.07%	0.02%	0.13%	0.01%	0.04%	0.07%	0.05%	0.01%
Operating CF Growth %	1136.6%	-0.87%	9.43%	-0.52%	2.46%	-0.95%	9.37%	1.54%	-0.11%	-0.78%
Net Income	2.93M	-696.76K	2.51M	1.99M	2.43M	9.1M	3.85M	7.4M	25.11M	379.71K
Depreciation & Amortization	2.5M	3.24M	4.21M	4.16M	4.4M	4.89M	6.11M	7.81M	8.98M	13.03M
Stock-Based Compensation	0	0	0	0	0	0	0	0	35.56K	0
Deferred Taxes	1.47M	-80.37K	-139.47K	597.45K	329.69K	211.68K	2.42M	2.42M	-379.62K	262.64K
Other Non-Cash Items	-577.45K	-454.57K	-456.89K	-258.08K	-579.33K	-9.84M	-562.82K	120K	596.19K	-9.53M
Working Capital Changes	143.29K	-1.44M	2.94M	-2.16M	8.41M	-2.88M	-3.54M	3.32M	-15.66M	0
Change in Receivables	-2.5M	2.04M	-1.15M	1.4M	1.04M	1.57M	-3.53M	-15.86M	-18.87M	-14.73M
Change in Inventory	647.28K	-2.76M	1.43M	-469.88K	3.67M	-4.81M	0	5.76M	0	0
Change in Payables	1.25M	515.72K	682.73K	-3.29M	2.3M	2.06M	13.03M	1.71M	1.65M	3.58M
Cash from Investing+	-2.99M	-2.51M	-1.34M	-2.74M	-2.77M	-8.69M	-8.28M	-10.18M	-8M	-29.43M
Capital Expenditures	-3.41M	-2.79M	-1.88M	-3.36M	-3.53M	-6.05M	-5.31M	-10.82M	-8.76M	1.87M
CapEx % of Revenue	0.02%	0.02%	0.01%	0.02%	0.03%	0.05%	0.03%	0.04%	0.02%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	420.01K	275.12K	544.6K	629.23K	768.66K	758.39K	1.07M	647.11K	1.06M	-10.05M
Cash from Financing+	-1.48M	-508.15K	-8.34M	1.92M	-5.58M	4.9M	-805.41K	-1.89M	-14.19M	24.61M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-695.37K	-696.12K	-309K	-309K	-1.01M	-309K	0	-833.36K	-994.03K	-1.5M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-3.36M	0	0	0	-1.21M	0	0	26.11M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	3.38M	-1.92M	7.18M	961.88K	11.45M	-5.25M	2.98M	10.25M	9.92M	6.01M
FCF Margin %	0.02%	-0.01%	0.05%	0.01%	0.1%	-0.04%	0.02%	0.03%	0.03%	0.01%
FCF Growth %	2.39%	-1.57%	4.74%	-0.87%	10.9%	-1.46%	1.57%	2.44%	-0.03%	-0.39%
FCF per Share	0.19	-0.13	0.41	0.05	0.66	-0.39	0.18	0.61	0.60	0.36
FCF Conversion (FCF/Net Income)	2.09x	-2.24x	3.61x	2.17x	6.16x	0.09x	2.21x	2.85x	0.74x	10.90x
Interest Paid	875.25K	833.42K	916.67K	1.06M	486.25K	557.32K	846.13K	2.3M	2.07M	0
Taxes Paid	310.4K	1.58M	346.06K	798.43K	785.63K	252K	50.23K	28.59K	7.01M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	15.14%	-1.78%	11.3%	8.31%	9.64%	30.09%	10.28%	20.3%	53.83%	0.67%
Return on Invested Capital (ROIC)	15.3%	0.73%	7.25%	-0.76%	7.87%	-1.8%	0.19%	15.1%	20.04%	3.03%
Gross Margin	9.13%	5.54%	8.6%	7.26%	11.33%	10.55%	11.32%	12.11%	14.2%	9.43%
Net Margin	2.08%	-0.28%	1.85%	1.14%	2.04%	7.43%	1.9%	2.43%	7.13%	0.09%
Debt / Equity	0.73x	1.12x	0.68x	0.79x	0.61x	0.50x	0.84x	1.39x	0.62x	1.32x
Interest Coverage	7.89x	0.46x	4.28x	-0.37x	7.55x	-1.27x	0.13x	5.42x	9.06x	1.31x
FCF Conversion	2.09x	-2.24x	3.61x	2.17x	6.16x	0.09x	2.21x	2.85x	0.74x	10.90x
Revenue Growth	33.12%	-9.64%	-3.57%	28.83%	-31.71%	2.74%	61.34%	53.91%	15.71%	16.8%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Electrical, Mechanical, and General	-	-	-	525.09K	148.69M	188.4M
Electrical, Mechanical, and General Growth	-	-	-	-	28217.13%	26.70%
Gas and Water Distribution	-	-	-	53.31M	68.07M	82.43M
Gas and Water Distribution Growth	-	-	-	-	27.68%	21.10%
Gas and Petroleum Transmission	-	-	-	55.64M	87.35M	81.06M
Gas and Petroleum Transmission Growth	-	-	-	-	56.99%	-7.20%
Gas & Water Distribution	-	-	15.95M	-	-	-
Gas & Water Distribution Growth	-	-	-	-	-	-
Electrical, Mechanical, and General Member	-	-	8.23M	-	-	-
Electrical, Mechanical, and General Member Growth	-	-	-	-	-	-
Gas & Petroleum Transmission	-	-	-20.91M	-	-	-
Gas & Petroleum Transmission Growth	-	-	-	-	-	-
Petroleum And Gas	105.51M	56.84M	-	-	-	-
Petroleum And Gas Growth	-	-46.12%	-	-	-	-
Electrical And Mechanical	56.9M	36.95M	-	-	-	-
Electrical And Mechanical Growth	-	-35.05%	-	-	-	-
Water Sewer And Other	12.13M	10.57M	-	-	-	-
Water Sewer And Other Growth	-	-12.87%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Energy Services of America Corporation (ESOA) has a price-to-earnings (P/E) ratio of 439.0x. This suggests investors expect higher future growth.

Growth & Financials

Energy Services of America Corporation (ESOA) reported $411.0M in revenue for fiscal year 2025. This represents a 161% increase from $157.7M in 2012.

Energy Services of America Corporation (ESOA) grew revenue by 16.8% over the past year. This is strong growth.

Yes, Energy Services of America Corporation (ESOA) is profitable, generating $0.4M in net income for fiscal year 2025 (0.1% net margin).

Dividend & Returns

Yes, Energy Services of America Corporation (ESOA) pays a dividend with a yield of 1.03%. This makes it attractive for income-focused investors.

Energy Services of America Corporation (ESOA) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

Energy Services of America Corporation (ESOA) generated $9.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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