Filing Flows › EMCOR Group (EME) › Q1 2026
EMCOR Group (EME) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
EMCOR Group (EME) reported revenue of $4.6B for the first quarter 2026 (Q1 2026), +20% from a year earlier and +3% from the quarter before. Operating margin was 8.7%, net earnings $305M (6.6% of revenue).
EMCOR Group, Q1 2026: revenue $4.6B (+20% year over year), operating margin 8.7%, net earnings $305M, operating cash flow $558K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | +3% | +20% |
| Gross profit | $864M | -3% | +20% |
| Operating profit | $404M | -30% | +27% |
| Net earnings | $305M | -30% | +27% |
| Operating cash flow | $558K | -100% | -99% |
What changed
Revenue was $4.6B in Q1 2026, up 20% year over year and up 3% from the previous quarter.
Gross margin was 18.7%, unchanged from Q1 2025. Operating profit was $0.40B, a 8.7% margin (up 0.5 points year over year). Of the extra revenue versus Q1 2025, 11% reached operating profit, above the 8% margin then. Operating expenses grew 14% against revenue growth of 20%. Net earnings were $0.31B, up 27% year over year. The effective tax rate was 25.5%.
Operating cash flow was $558K (down 99% year over year), 0% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization. Working capital and other items used $0.36B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was EMCOR Group's revenue in the first quarter 2026?
EMCOR Group (EME) reported revenue of $4.6B for the first quarter 2026 (Q1 2026), +20% from a year earlier and +3% from the quarter before.
Was EMCOR Group profitable in the first quarter 2026?
Operating profit was $404M (8.7% of revenue) and net earnings $305M.
Source: EMCOR Group 10-Q on SEC EDGAR.