Q4 25 EPS
$7.19
BEAT +7.61%
Est. $6.68
Q4 25 Revenue
$4.51B
BEAT +5.37%
Est. $4.28B
vs S&P Since Q4 25
-3.5%
TRAILING MARKET
EME +6.1% vs S&P +9.6%
Full Year 2025 Results
FY 25 EPS
$25.87
BEAT +1.95%
Est. $25.38
FY 25 Revenue
$16.99B
BEAT +1.37%
Est. $16.76B
Market Reaction
Did EME Beat Earnings? Q4 2025 Results
EMCOR Group delivered a strong finish to fiscal 2025, posting fourth-quarter non-GAAP diluted EPS of $7.19 against a consensus estimate of $6.68, a beat of 7.61%, while revenue of $4.51 billion topped expectations by 5.37% and rose 19.7% year-over-ye… Read more EMCOR Group delivered a strong finish to fiscal 2025, posting fourth-quarter non-GAAP diluted EPS of $7.19 against a consensus estimate of $6.68, a beat of 7.61%, while revenue of $4.51 billion topped expectations by 5.37% and rose 19.7% year-over-year. The headline driver was broad-based demand across electrical and mechanical construction, with organic revenue growth of 9.5% supplemented by acquisition-related contributions, including the integration of Miller Electric Company. Remaining performance obligations surged 31.2% to a record $13.25 billion, spanning sectors from network and communications to manufacturing and industrial, signaling durable demand well into the coming year. With the stock having rallied sharply over the past twelve months, some analysts still see valuation upside given the strength of the backlog and secular tailwinds. Management's 2026 guidance calls for revenues of $17.75 billion to $18.50 billion and diluted EPS of $27.25 to $29.25, reflecting continued confidence in the demand environment even as tariff exposure, labor scarcity, and supply chain risks remain acknowledged headwinds.
Key Takeaways
- • Strong execution on technically sophisticated, fast-paced, and demanding projects
- • Electrical and Mechanical Construction segments combined full year revenue growth of 24.4% and operating income growth of 21.7%
- • Combined Electrical and Mechanical Construction operating margin of 12.5%
- • Organic revenue growth of 9.5% in Q4 and 7.9% for full year
- • Acquisition contributions including Miller Electric Company adding 10.2% revenue growth in Q4
- • Lower effective tax rate of 24.8% vs 26.7% in prior year Q4
- • Gain of $144.9 million on sale of United Kingdom operations
EME YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
EME Revenue by Segment
With YoY comparisons, source: SEC Filings
EME Revenue by Geography
With YoY comparisons, source: SEC Filings
“We had an excellent close to the year with our fourth quarter results, including strong revenue growth and exceptional operating performance. Our success was driven by solid execution as we continued to perform well on some of the most technically sophisticated, fast-paced, and demanding projects in our history. Our Remaining Performance Obligations are again at an all-time high as we continue to win and earn new business across multiple sectors, geographies, and trades. Our pipeline remains strong, reflecting the broad-based demand for our services and supporting our positive outlook for 2026.”
— Tony Guzzi, Q4 2025 Earnings Press Release
EME Earnings Trends
EME vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EME EPS Trend
Earnings per share: estimate vs actual
EME Revenue Trend
Quarterly revenue: estimate vs actual
EME Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $5.90 | $6.84 | +15.85% | $4.63B | +10.23% |
| Q4 25 BEAT FY | $6.68 | $7.19 | +7.61% | $4.51B | +5.37% |
| FY Full Year | $25.38 | $25.87 | +1.95% | $16.99B | +1.37% |
| Q3 25 BEAT | $6.53 | $6.57 | +0.65% | $4.30B | +0.49% |
| Q2 25 BEAT | $5.72 | $6.72 | +17.42% | $4.30B | +4.75% |
| Q1 25 BEAT | $4.63 | $5.41 | +16.97% | $3.87B | +2.20% |