EMCOR Q4 Sales Jump 19.7% to $4.51B; GAAP EPS Soars 45% to $9.68
EMCOR's Q4 CY2025 revenue rose 19.7% year-on-year to $4.51 billion, beating estimates by 5.3%, while GAAP EPS of $9.68 topped consensus by 45%. The company set full-year 2026 revenue guidance at $18.13 billion (1.7% above analysts) and EPS guidance of $28.25 per share.
1. Q4 Revenue and Earnings Beat
EMCOR reported Q4 CY2025 revenue of $4.51 billion, up 19.7% year-on-year and 5.3% above estimates, with GAAP EPS of $9.68, a 45% beat driven partly by a $144.9 million gain on U.K. operations sale.
2. Margin and Cash Flow Highlights
Operating margin rose to 12.7% from 10.3% a year ago, reflecting improved cost efficiencies, while adjusted EBITDA reached $591.7 million (13.1% margin). Free cash flow margin moderated slightly to 10.9% from 12%.
3. Guidance and Outlook
Full-year 2026 revenue guidance is $18.13 billion at midpoint, exceeding analysts by 1.7%, with EPS guidance of $28.25 per share, as Remaining Performance Obligations hit an all-time high and management anticipates broad-based demand.