--- title: "EMCOR Grp | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 4.513 B" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/277058981.md" datetime: "2026-02-26T14:35:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/277058981.md) - [en](https://longbridge.com/en/news/277058981.md) - [zh-HK](https://longbridge.com/zh-HK/news/277058981.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/277058981.md) | [English](https://longbridge.com/en/news/277058981.md) # EMCOR Grp | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 4.513 B Revenue: As of FY2025 Q4, the actual value is USD 4.513 B, beating the estimate of USD 4.283 B. EPS: As of FY2025 Q4, the actual value is USD 9.68, beating the estimate of USD 6.6776. EBIT: As of FY2025 Q4, the actual value is USD 569.74 M. ### Fourth Quarter 2025 Financial Highlights #### Revenue EMCOR Group, Inc. reported consolidated revenues of $4.51 billion for the fourth quarter of 2025, an increase of 19.7% from $3.77 billion in the fourth quarter of 2024. On an organic basis, fourth-quarter revenues increased by 9.5%. Segment revenues for Q4 2025 were: **United States electrical construction and facilities services:** $1,360,892 thousand, representing 30% of total revenues. **United States mechanical construction and facilities services:** $1,943,342 thousand, representing 43% of total revenues. **United States building services:** $772,481 thousand, representing 17% of total revenues. **United States industrial services:** $341,111 thousand, representing 8% of total revenues. **United Kingdom building services:** $95,295 thousand, representing 2% of total revenues. #### Net Income Net income for the fourth quarter of 2025 was $434.6 million, compared to $292.2 million for the same period in 2024. Non-GAAP net income for the fourth quarter of 2025 was $322.8 million. #### Gross Profit Gross profit for the fourth quarter of 2025 was $891,186 thousand, up from $757,015 thousand in the fourth quarter of 2024. #### Operating Income and Margin Operating income for the fourth quarter of 2025 was $573.8 million, or 12.7% of revenues, compared to $388.6 million, or 10.3% of revenues, for the fourth quarter of 2024. Non-GAAP operating income was $439.6 million, or 9.7% of revenues. Segment operating income for Q4 2025 was: **United States electrical construction and facilities services:** $173,051 thousand (12.7% of segment revenues). **United States mechanical construction and facilities services:** $250,545 thousand (12.9% of segment revenues). **United States building services:** $41,334 thousand (5.4% of segment revenues). **United States industrial services:** $12,365 thousand (3.6% of segment revenues). **United Kingdom building services:** - $6 thousand (N/M of segment revenues). **Corporate administration:** - $48,411 thousand. **Gain on sale of United Kingdom operations:** $144,876 thousand. #### Operating Costs Selling, general and administrative expenses totaled $462.3 million, or 10.2% of revenues, for the fourth quarter of 2025, compared to $368.5 million, or 9.8% of revenues, for the fourth quarter of 2024. #### Income Tax Rate The income tax rate for the fourth quarter of 2025 was 24.8%, a decrease from 26.7% in the prior-year period. #### Depreciation and Amortization Depreciation and amortization expense was $50.0 million for the fourth quarter of 2025, compared to $35.3 million for the fourth quarter of 2024. ### Full-Year 2025 Financial Highlights #### Revenue Consolidated revenues for full year 2025 reached $16.99 billion, an increase of 16.6% from $14.57 billion for full year 2024. Organic full-year revenues increased by 7.9%. Segment revenues for FY 2025 were: **United States electrical construction and facilities services:** $5,074,252 thousand, representing 30% of total revenues. **United States mechanical construction and facilities services:** $7,050,481 thousand, representing 42% of total revenues. **United States building services:** $3,122,242 thousand, representing 18% of total revenues. **United States industrial services:** $1,268,099 thousand, representing 7% of total revenues. **United Kingdom building services:** $471,348 thousand, representing 3% of total revenues. #### Net Income Net income for full year 2025 was $1.27 billion, compared to $1.01 billion for full year 2024. Non-GAAP net income for full year 2025 was $1.17 billion. #### Gross Profit Gross profit for full year 2025 was $3,282,988 thousand, increasing from $2,765,051 thousand in full year 2024. #### Operating Income and Margin Operating income for full year 2025 was $1.71 billion, or 10.1% of revenues, compared to $1.34 billion, or 9.2% of revenues, for full year 2024. Non-GAAP operating income was $1.59 billion, or 9.4% of revenues. Segment operating income for FY 2025 was: **United States electrical construction and facilities services:** $611,952 thousand (12.1% of segment revenues). **United States mechanical construction and facilities services:** $905,325 thousand (12.8% of segment revenues). **United States building services:** $187,192 thousand (6.0% of segment revenues). **United States industrial services:** $24,998 thousand (2.0% of segment revenues). **United Kingdom building services:** $20,969 thousand (4.4% of segment revenues). **Corporate administration:** - $181,894 thousand. **Gain on sale of United Kingdom operations:** $144,876 thousand. #### Operating Costs Selling, general and administrative expenses totaled $1.71 billion, or 10.1% of revenues, for full year 2025, compared to $1.42 billion, or 9.7% of revenues, for full year 2024. #### Income Tax Rate The income tax rate for full year 2025 was 26.1%, down from 26.9% for full year 2024. #### Depreciation and Amortization Depreciation and amortization expense was $186.4 million for full year 2025, compared to $133.7 million for full year 2024. ### Cash Flow #### Net Cash Provided by Operating Activities For the full year 2025, net cash provided by operating activities was $1,302,063 thousand, a decrease from $1,407,894 thousand in 2024. #### Investing Activities Payments for acquisitions of businesses, net of cash acquired, were - $1,022,105 thousand in 2025, compared to - $228,173 thousand in 2024. Net proceeds from the sale of United Kingdom operations were $256,622 thousand in 2025. Purchases of property, plant, and equipment amounted to - $112,750 thousand in 2025, up from - $74,950 thousand in 2024. #### Financing Activities Dividends paid to stockholders totaled - $45,023 thousand in 2025, compared to - $43,384 thousand in 2024. Repurchases of common stock were - $586,258 thousand in 2025, up from - $489,820 thousand in 2024. ### Unique Metrics #### Remaining Performance Obligations (RPOs) As of December 31, 2025, RPOs were a record $13.25 billion, a 31.2% increase year-over-year from $10.10 billion as of December 31, 2024. This growth was primarily driven by Network and Communications, Institutional, Water and Wastewater, Hospitality and Entertainment, and Manufacturing and Industrial sectors, partially offset by a reduction in the High-Tech Manufacturing sector. ### Outlook / Guidance For full year 2026, EMCOR Group, Inc. anticipates revenues to be between $17.75 billion and $18.50 billion. The company expects an operating margin of 9.0% to 9.4%. Diluted EPS is projected to be in the range of $27.25 to $29.25. ### 相關股票 - [EMCOR Grp (EME.US)](https://longbridge.com/zh-HK/quote/EME.US.md) ## 相關資訊與研究 - [EMCOR Group, Inc. 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