Emcor Group (EME) FY2024 results: revenue $14.6 billion, up 15.8% on the year
Emcor Group, Inc. (EME) reported revenue of $14.6 billion for fiscal 2024, the year ended 31 December 2024, up 15.8% on the year before. Net income was $1.0 billion, up 59.1%, and diluted earnings per share $21.52. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$14.6 billion
+15.8% on the year
FY2017FY2024
Operating margin
9.2%
7.0% a year earlier
FY2017FY2024
Net income
$1.0 billion
+59.1% on the year
FY2017FY2024
Diluted EPS
$21.52
+61.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,408
900
498
+56.5%
Capital expenditure
75.0
78.4
49.3
-4.4%
Free cash flow
1,333
821
449
+62.3%
Free cash flow margin
9.2%
6.5%
4.1%
Cash from investing
-299
-161
-141
Cash from financing
-555
-412
-710
Depreciation and amortisation
134
51.8
47.3
+158.0%
Buybacks
490
128
661
+283.5%
Dividends paid
43.4
32.7
27.2
+32.7%
Dividend per share
$0.93
$0.69
$0.54
+34.8%
Diluted shares, weighted
47m
48m
50m
-1.6%
Shares outstanding at period end
46m
47m
48m
-2.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,938
2,470
1,974
+18.9%
Non-controlling interest
1.0
1.0
0.7
0.0%
Debt
n/a
2.8
247
Operating lease liabilities
262
259
221
+0.8%
Finance lease liabilities
3.8
2.8
3.8
+35.6%
Other liabilities
4,512
3,874
3,079
+16.5%
Total liabilities and equity
7,716
6,610
5,525
+16.7%
Fixed assets
207
179
158
+15.7%
Goodwill
1,018
957
919
+6.5%
Intangible assets
648
586
594
+10.6%
Cash and equivalents
1,340
790
456
+69.6%
Receivables
3,578
3,203
2,567
+11.7%
Other assets
925
895
830
+3.4%
Total assets
7,716
6,610
5,525
+16.7%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.