Filing Flows › EMCOR Group (EME) › Q4 2025
EMCOR Group (EME) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
EMCOR Group (EME) reported revenue of $4.5B for the fourth quarter 2025 (Q4 2025), +20% from a year earlier and +5% from the quarter before. Operating margin was 12.7%, net earnings $435M (9.6% of revenue).
EMCOR Group, Q4 2025: revenue $4.5B (+20% year over year), operating margin 12.7%, net earnings $435M, operating cash flow $524M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | +5% | +20% |
| Gross profit | $891M | +7% | +18% |
| Operating profit | $574M | +41% | +48% |
| Net earnings | $435M | +47% | +49% |
| Operating cash flow | $524M | +10% | +12% |
| Free cash flow | $492M | +10% | +9% |
What changed
Revenue was $4.5B in Q4 2025, up 20% year over year and up 5% from the previous quarter.
Gross margin was 19.7%, down 0.3 points from a year earlier. Operating profit was $0.57B, a 12.7% margin (up 2.4 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, above the 10% margin then. Operating expenses fell 14% while revenue rose 20%. Net earnings were $0.43B, up 49% year over year. The effective tax rate was 24.8%.
Operating cash flow was $0.52B (up 12% year over year), 121% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization. Working capital and other items added $0.04B. Capital expenditures of $0.03B left free cash flow of $0.49B.
Questions
What was EMCOR Group's revenue in the fourth quarter 2025?
EMCOR Group (EME) reported revenue of $4.5B for the fourth quarter 2025 (Q4 2025), +20% from a year earlier and +5% from the quarter before.
Was EMCOR Group profitable in the fourth quarter 2025?
Operating profit was $574M (12.7% of revenue) and net earnings $435M.
Source: EMCOR Group 10-K on SEC EDGAR.