EMCOR Group, Inc. (EME)财务
NYSE · Industrials · Engineering & Construction · 员工44,000人 · CEO Anthony J. Guzzi
- 股价
- $595.32 -6.87%
- 市值
- $261亿
- 企业价值
- $259亿
- 最近财报
- Q3 '26 2026-10-29提交
- 下次财报
- 2027-02-25 EPS预期 $9.45
营收(TTM)$198亿+22.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)10.2%+0.8 百分点 对比去年同期营业利润 $20.3亿
净利润(TTM)$15.4亿+36.3% 对比去年同期税后,含营业外收益
自由现金流(TTM)$14.8亿+29.0% 对比去年同期资本支出 $1.29亿
稀释EPS(TTM)$34.58+39.0% 对比去年同期最近4个季度之和
净现金$2.14亿-7.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $261亿 EV $259亿
- 营收
- $198亿 过去12个月
- 营收增速
- +23% FY2026年一致预期
- 净利润率
- 7.8% 净利润 / 营收,TTM
- P/E
- 17.2× 预期 17.1×(FY2026)
- P/S
- 1.3× 股价 / 营收,TTM
- EV / EBITDA
- 10.8× TTM
- 自由现金流
- $14.8亿 过去12个月
- 净利润
- $15.4亿 过去12个月
- 营收预期
- $209亿 FY2026年一致预期
- 盈利
- 2027-02-25 营收预期 $55.7亿
- 股息
- $1.45 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收超预期6.8%,EPS 超预期14.7%营收$55.4亿,预期$51.9亿(+6.8%);EPS $9.60,预期$8.37(+14.7%)。
- 营收增长加速:同比28.8%Q3 '26营收$55.4亿,此前四个季度的平均值为18.9%。
- 营业利润率10.2%(TTM),较去年同期+0.8 百分点营收增长22.2%,营业利润增长32.7%。
- 资本支出占营收的0.6%(去年为0.6%)最近4个季度投入$1.29亿(同比+30.8%)。自由现金流$14.8亿,相当于净利润的96.2%。
- 股东回报$6.75亿 = 自由现金流的45.5%回购$6.11亿(去年为$5.17亿),股息$6440万,股权激励$2350万(TTM)。
- 稀释股数一年内减少1.7%Q3 '26稀释股数4420万,一年前为4500万。
- 净现金 $2.14亿现金 + 短期投资 $7.75亿,含租赁债务 $5.61亿;一年前净现金 $2.3亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $55.4亿 | $43亿 | +28.8% |
| 毛利率 | 20.0% | 19.4% | +0.6 百分点 |
| 营业利润 | $5.46亿 | $4.06亿 | +34.5% |
| 营业利润率 | 9.8% | 9.4% | +0.4 百分点 |
| 净利润 | $4亿 | $2.95亿 | +35.4% |
| 稀释EPS | $9.04 | $6.57 | +37.6% |
| 经营现金流 | $7.97亿 | $4.76亿 | +67.6% |
| 资本支出 | $3720万 | $2670万 | +39.4% |
| 自由现金流 | $7.6亿 | $4.49亿 | +69.2% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $469万 | $365万 | +28.4% |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $55.4亿 | $51.9亿 | +6.8% |
| EPS(一致预期口径) | $9.60 | $8.37 | +14.7% |
来自2026-10-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States Mechanical Construction And Facilities Services | $98.6亿 | +42,481.3% | 52.7% | $142亿 | +20.8% | |
| United States Electrical Construction And Facilities Services | $72.4亿 | +28,600.8% | 38.7% | $104亿 | +21.7% | |
| United States Building Services | $13.4亿 | – | 7.1% | $35.1亿 | – | |
| United States Industrial Services | $2.93亿 | – | 1.6% | $16.7亿 | – | |
| United Kingdom Building Services | – | – | – | – | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $55.4亿 | +33.0% | 100.0% | $197亿 | +25.3% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Corporate (unallocated) | – | – | -$4680万 | -11.2% | – | – | -$1.84亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $16.1亿
- 资本支出
- -$1.29亿
- 股票回购
- -$6.11亿
- 股息
- -$6440万
- 收购
- -$9.19亿
- 债务净发行
- -$194万
- 股权激励费用
- $2350万
- 自由现金流
- $14.8亿
- 股东回报 / FCF
- 45.5%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 17.2× | 19.0× | 16.1× – 21.7× |
| EV / EBITDA | 10.8× | 11.9× | 9.7× – 15.3× |
| EV / 营收 | 1.3× | 1.0× | 0.7× – 1.6× |
| 股价 / FCF | 17.6× | 18.5× | 12.4× – 24.4× |
| 股价 / 净资产 | 6.1× | 5.1× | 3.1× – 7.5× |
| FCF收益率 | 5.7% | 5.8% | 4.1% – 8.0% |
| 投入资本回报率 | 27.0% | 20.3% | 12.2% – 28.0% |
| 净资产收益率 | 38.8% | 26.4% | 17.0% – 34.6% |
分析师
一致目标价 $1,005.40 (+68.9%)
区间 $795.00 – $1,200.00 · 评级 Buy
强烈买入0
买入9
持有5
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $209亿 | +22.8% | $34.77 | +23.4% | 17.1× | 6 |
| FY2027 | $238亿 | +14.1% | $40.87 | +17.5% | 14.6× | 8 |
| FY2028 | $259亿 | +8.9% | $46.56 | +13.9% | 12.8× | 4 |
| FY2029 | $260亿 | +0.1% | $47.98 | +3.1% | 12.4× | 1 |
| FY2030 | $276亿 | +6.4% | $53.42 | +11.3% | 11.1× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
EMCOR Group, Inc.在近期10-Q / 10-K文件中标记的全部237项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $3720万 | $2670万 | +39.4% | – | – | – | |
| Accounts Payable, Current | $14.1亿 | $10.4亿 | +35.8% | $12.3亿 | $9.37亿 | +31.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $55.3亿 | $41亿 | +34.7% | $42.4亿 | $35.8亿 | +18.6% |
| Accounts Receivable, Allowance for Credit Loss | $2620万 | $2190万 | +19.3% | $1800万2020-12-31 | $1450万 | +24.6% |
| Accounts Receivable, Allowance for Credit Loss, Current | $2280万2025-12-31 | $3500万 | -34.9% | $2280万 | $3500万 | -34.9% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $43.7万 | $198万 | -77.9% | $1990万 | $485万 | +309.9% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $158万 | -$363万 | +143.6% | $767万 | $1730万 | -55.7% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $4.54亿2025-12-31 | $4.37亿 | +3.9% | $4.54亿 | $4.37亿 | +3.9% |
| Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | -$190万2025-12-31 | -$470万 | +59.6% | -$190万 | -$470万 | +59.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$193万 | -$7150万 | +97.3% | -$192万 | -$8550万 | +97.8% |
| Additional Paid in Capital, Common Stock | $1.03亿 | $1亿 | +2.5% | $1.01亿 | $9750万 | +4.0% |
| Amortization of Debt Issuance Costs | – | – | – | $82.2万 | $82.2万 | 0.0% |
| Amortization of Intangible Assets | $3710万 | $3050万 | +21.5% | $1.19亿 | $7700万 | +54.6% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,365 | 1,000 | +36.5% | 32.1万2011-12-31 | 165万 | -80.5% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $469万 | $365万 | +28.4% | $2060万 | $2000万 | +3.1% |
| Asset Impairment Charges | $3400万 | $0 | – | $0 | $0 | – |
| Assets | $112亿 | $86.4亿 | +30.0% | $92.9亿 | $77.2亿 | +20.4% |
| Assets, Current | $70.7亿 | $54.6亿 | +29.5% | $59.4亿 | $53.9亿 | +10.2% |
| Cash and Cash Equivalents, at Carrying Value | $7.75亿 | $6.55亿 | +18.3% | $11.1亿 | $13.4亿 | -17.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $7.75亿 | $6.56亿 | +18.0% | $11.1亿 | $13.4亿 | -17.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.5亿 | $1.69亿 | -188.5% | -$2.28亿 | $5.51亿 | -141.5% |
| Common Stock, Dividends, Per Share, Declared | $0.40 | $0.25 | +60.0% | $1.00 | $0.93 | +7.5% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 2亿 | 2亿 | 0.0% | 2亿 | 2亿 | 0.0% |
| Common Stock, Shares, Issued | 6130万 | 6120万 | +0.1% | 6130万 | 6120万 | +0.1% |
| Common Stock, Shares, Outstanding | 4400万 | 4480万 | -1.7% | 4450万 | 4580万 | -2.8% |
| Common Stock, Value, Issued | $61.3万 | $61.2万 | +0.2% | $61.3万 | $61.2万 | +0.2% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | – | – | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4亿 | $2.92亿 | +37.0% | $13.6亿 | $10.1亿 | +34.7% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | – | – | – | $13.6亿 | $10.1亿 | +34.7% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $4.66亿 | $3.14亿 | +48.3% | $3.38亿 | $2.85亿 | +18.6% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent | $0 | $0 | – | $0 | $0 | – |
| Contract with Customer, Asset, Credit Loss Expense (Reversal) | $0 | $0 | – | $0 | $0 | – |
| Contract with Customer, Liability, Current | $29.7亿 | $21.4亿 | +38.5% | $23.3亿 | $20.5亿 | +13.7% |
| Contract with Customer, Liability, Noncurrent | $67.4万 | $67.4万 | 0.0% | $83.7万 | $153万 | -45.2% |
| Cost of Goods and Services Sold | $44.3亿 | $34.7亿 | +27.9% | $137亿 | $118亿 | +16.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $3.57亿 | $2.99亿 | +19.2% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $551万 | $550万 | +0.1% |
| Current Income Tax Expense (Benefit) | – | – | – | $4.65亿 | $3.99亿 | +16.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.03亿 | $9460万 | +8.4% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$1160万 | -$2400万 | +51.7% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $115万 | $139万 | -17.7% |
| Deferred Income Tax Expense (Benefit) | -$811万 | $825万 | -198.2% | -$1610万 | -$2910万 | +44.9% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$560万 | -$648万 | +13.6% |
| Deferred Tax Assets, Gross | $3.13亿2025-12-31 | $2.98亿 | +5.1% | $3.13亿 | $2.98亿 | +5.1% |
| Deferred Tax Assets, Net of Valuation Allowance | $3.09亿2025-12-31 | $2.93亿 | +5.5% | $3.09亿 | $2.93亿 | +5.5% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation | $8500万2025-12-31 | $7600万 | +11.8% | $8500万 | $7600万 | +11.8% |
| Deferred Tax Assets, Tax Deferred Expense, Other | $4120万2025-12-31 | $4970万 | -17.1% | $4120万 | $4970万 | -17.1% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Self Insurance | $6910万2025-12-31 | $6970万 | -0.9% | $6910万 | $6970万 | -0.9% |
| Deferred Tax Assets, Valuation Allowance | $415万2025-12-31 | $508万 | -18.3% | $415万 | $508万 | -18.3% |
| Deferred Tax Liabilities, Goodwill and Intangible Assets | $1.47亿2025-12-31 | $1.73亿 | -14.6% | $1.47亿 | $1.73亿 | -14.6% |
| Deferred Tax Liabilities, Gross | $3.14亿2025-12-31 | $3.21亿 | -2.4% | $3.14亿 | $3.21亿 | -2.4% |
| Deferred Tax Liabilities, Leasing Arrangements | $1.11亿2025-12-31 | $9480万 | +16.6% | $1.11亿 | $9480万 | +16.6% |
| Deferred Tax Liabilities, Net | $457万2025-12-31 | $2840万 | -83.9% | $457万 | $2840万 | -83.9% |
| Deferred Tax Liabilities, Other | $1280万2025-12-31 | $1470万 | -12.6% | $1280万 | $1470万 | -12.6% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $4250万2025-12-31 | $3330万 | +27.8% | $4250万 | $3330万 | +27.8% |
| Defined Contribution Plan, Cost | – | – | – | $4890万 | $4400万 | +11.1% |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | – | – | – | $1600万 | $1320万 | +21.2% |
| Depreciation | $2020万 | $1730万 | +16.9% | $6740万 | $5670万 | +18.9% |
| Disposal Group, Including Discontinued Operation, Assets, Current | $1.61亿2025-09-30 | – | – | $9920万2010-12-31 | – | – |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-06