EMCOR Group, Inc. (EME) Financial Statements (2025 and earlier)

Company Profile

Business Address 301 MERRITT SEVEN CORPORATE PK
NORWALK, CT 06851
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1731 - Electrical Work (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,340790456821903359
Cash and cash equivalent1,340790456821903359
Restricted cash and investments1 1111
Receivables3,5783,2032,5672,2051,9222,031
Contract with customer, asset, after allowance for credit loss285270273230172178
Other undisclosed current assets18718416413412391
Total current assets:5,3894,4473,4623,3913,1212,660
Noncurrent Assets
Operating lease, right-of-use asset316310268261242245
Property, plant and equipment207179158152158156
Intangible assets, net (including goodwill)1,6671,5431,5131,4801,4351,675
Goodwill1,0189579198908521,064
Intangible assets, net (excluding goodwill)648586594589583611
Other noncurrent assets13713012415810893
Total noncurrent assets:2,3272,1632,0632,0501,9432,170
TOTAL ASSETS:7,7166,6105,5255,4415,0644,830
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6891,5331,3141,2251,1231,048
Employee-related liabilities491451383
Accounts payable937936849734672665
Accrued liabilities751597465   
Deferred revenue2,0481,5951,098788722624
Debt221616457
Other liabilities337313258274248196
Other undisclosed current liabilities797567586714
Total current liabilities:4,1543,5182,7542,3622,1631,939
Noncurrent Liabilities
Long-term debt and lease obligation, including: 3232245260294
Long-term debt, excluding current maturities     50
Finance lease, liability  34566
Other undisclosed long-term debt and lease obligation   228204834
Liabilities, other than long-term debt, including:624618565363385335
Deferred revenue    322
Other liabilities362358344360382 
Operating lease, liability262259221221205205
Other undisclosed liabilities, other than long-term debt      333
Other undisclosed noncurrent liabilities    218203205
Total noncurrent liabilities:624621797827847834
Total liabilities:4,7784,1393,5503,1883,0112,773
Equity
Equity, attributable to parent2,9382,4701,9742,2522,0532,057
Common stock111111
Treasury stock, value(1,853)(1,351)(1,223)(562)(366)(254)
Additional paid in capital979275624732
Accumulated other comprehensive loss(86)(86)(93)(84)(109)(89)
Retained earnings4,7783,8143,2142,8362,4802,367
Equity, attributable to noncontrolling interest111111
Total equity:2,9392,4711,9742,2532,0532,058
TOTAL LIABILITIES AND EQUITY:7,7166,6105,5255,4415,0644,830

Income Statement (P&L) ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues14,56612,58311,0769,9048,7979,175
Cost of revenue
(Cost of Product and Service Sold)
(11,801)(10,494)(9,473)(8,402)(7,402)(7,819)
Gross profit:2,7652,0891,6041,5021,3951,356
Operating expenses(1,420)(1,214)(1,039)(971)(1,139)(895)
Operating income:1,345876565531257461
Nonoperating income36147122
Investment income, nonoperating 35153122
Net periodic defined benefits expense (reversal of expense), excluding service cost component1(1)4   
Interest and debt expense (0)(17)(13)(6)(9)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(4)  432
Income from continuing operations before equity method investments, income taxes:1,377873559529252451
Income (loss) from equity method investments 020(1)  
Other undisclosed income (loss) from continuing operations before income taxes(0)(2)(0)1  
Income from continuing operations before income taxes:1,377873559529252451
Income tax expense(370)(240)(153)(146)(119)(126)
Income from continuing operations:1,007633406384133325
Income before gain (loss) on sale of properties:384133325
Net income:1,007633406384133325
Net loss attributable to noncontrolling interest  (0) (0)  
Net income available to common stockholders, diluted:1,007633406384133325

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:1,007633406384133325
Other comprehensive income (loss)08(10)26(20)(2)
Comprehensive income:1,007641396409113324
Comprehensive loss, net of tax, attributable to noncontrolling interest  (0) (0)  
Comprehensive income, net of tax, attributable to parent:1,007641396409113324

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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