Filing Flows › Ameresco (AMRC) › Q4 2024
Ameresco (AMRC) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 28, 2025
Ameresco (AMRC) reported revenue of $533M for the fourth quarter 2024 (Q4 2024), +21% from a year earlier and +6% from the quarter before. Operating margin was 8.4%, net earnings $37.1M (7.0% of revenue).
Ameresco, Q4 2024: revenue $533M (+21% year over year), operating margin 8.4%, net earnings $37.1M, operating cash flow $18.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $533M | +6% | +21% |
| Gross profit | $66.8M | -13% | -10% |
| Operating profit | $44.6M | +27% | +31% |
| Net earnings | $37.1M | +111% | +10% |
| Operating cash flow | $18.4M | -27% | — |
| Free cash flow | $17.1M | -29% | — |
What changed
Revenue was $532.7M in Q4 2024, up 21% year over year and up 6% from the previous quarter. Project revenue was the largest line at 79% of revenue.
Gross margin was 12.5%, down 4.3 points from a year earlier. Operating profit was $44.6M, a 8.4% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 8% margin then. Operating expenses fell 45% while revenue rose 21%. Net earnings were $37.1M, up 10% year over year. The effective tax rate was -78.5%.
Operating cash flow was $18.4M, 48% of net income including minority interests. Non-cash charges added back $26.5M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items used $49.8M. Capital expenditures of $1.2M left free cash flow of $17.1M.
Questions
What was Ameresco's revenue in the fourth quarter 2024?
Ameresco (AMRC) reported revenue of $533M for the fourth quarter 2024 (Q4 2024), +21% from a year earlier and +6% from the quarter before.
Was Ameresco profitable in the fourth quarter 2024?
Operating profit was $44.6M (8.4% of revenue) and net earnings $37.1M.
Source: Ameresco 10-K on SEC EDGAR.