EME EMCOR Group, Inc. Common Stock
$852.50
Price · May 22, 2026
Fundamentals as of Apr 29, 2026
52W Range
$455–$952
80% of range
Analyst Rating
STRONG BUY
14 analysts
Price Target
$984
+15% upside
P/E (TTM)
21.7
ROE
38.5%
Net Profit Margin
7.5%
EME Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$852.50
Market Cap
$27.24B
P/E (TTM)
21.7
EPS (TTM)
$28.19
Revenue (TTM)
$16.99B
Div Yield
0.17%
ROE
38.5%
Debt/Equity
—
52W Range
$455 – $952
EME Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$16.99B
2016-12-31
→
2025-12-31
EPS
$28.19
2016-12-31
→
2025-12-31
Free Cash Flow
$1.19B
2016-12-31
→
2025-12-31
Margins
7.5%
2016-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
EME
Peer Median
P/E (TTM)
21.7
48.3
P/S (TTM)
1.6
2.3
P/B
7.4
6.4
Price / FCF
22.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
EME
Peer Median
Gross Margin
19.3%
19.9%
Operating Margin
10.1%
—
Net Profit Margin
7.5%
4.5%
ROA
15.0%
6.7%
ROE
38.5%
19.3%
ROIC
34.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
EME
Peer Median
Current Ratio
1.2
1.2
Quick Ratio
1.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
EME
Peer Median
Revenue YoY
16.6%
—
Revenue CAGR 3Y
15.3%
—
Revenue CAGR 5Y
14.1%
—
EPS YoY
31.0%
—
Net Income YoY
26.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
EME
Peer Median
Payout Ratio
3.5%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
0.17%
Payout Ratio
3.5%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| April 16, 2026 | $0.4000 |
| Jan. 14, 2026 | $0.4000 |
| Oct. 15, 2025 | $0.2500 |
| July 15, 2025 | $0.2500 |
| April 17, 2025 | $0.2500 |
| Jan. 16, 2025 | $0.2500 |
| Oct. 15, 2024 | $0.2500 |
| July 15, 2024 | $0.2500 |
| April 15, 2024 | $0.2500 |
| Jan. 12, 2024 | $0.1800 |
| Oct. 13, 2023 | $0.1800 |
| July 19, 2023 | $0.1800 |
| April 14, 2023 | $0.1800 |
| Jan. 13, 2023 | $0.1500 |
| Oct. 17, 2022 | $0.1500 |
| July 15, 2022 | $0.1300 |
| April 14, 2022 | $0.1300 |
| Jan. 14, 2022 | $0.1300 |
| Oct. 14, 2021 | $0.1300 |
| July 16, 2021 | $0.1300 |
EME Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 5 35.7%
- Buy 5 35.7%
- Hold 4 28.6%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
6 analysts · 2026-05-19
Median
$946.50
Mean
$983.50
← Below all targets
$852.50
Low
$885.00
High
$1123.00
Median target
$946.50
+11.0%
Mean target
$983.50
+15.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
1.1%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $6.84 | $5.95 | 0.89% |
| Dec. 31, 2025 | $9.68 | $6.75 | 2.9% |
| Sept. 30, 2025 | $6.57 | $6.61 | -0.04% |
| June 30, 2025 | $6.72 | $5.80 | 0.92% |
| March 31, 2025 | $5.26 | $4.67 | 0.59% |
Peer Comparison Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| EME | $27.24B | 21.7 | 16.6% | 7.5% | 38.5% | 19.3% |
| PWR | $63.13B | 62.1 | 20.3% | 3.6% | 12.7% | 15.0% |
| FIX | $32.83B | 32.3 | 29.5% | 11.2% | 46.3% | 24.1% |
| MTZ | — | 42.9 | 16.2% | 2.8% | 12.9% | — |
| STRL | $9.40B | 32.6 | 17.7% | 11.7% | 30.3% | 23.0% |
| APG | $15.91B | -55.4 | 12.7% | 3.8% | 9.2% | 31.4% |
| IESC | $7.90B | 26.5 | 16.9% | 9.1% | 38.5% | 25.5% |
| DY | $10.92B | 38.1 | 17.9% | 5.1% | 17.4% | — |
| VMI | — | 24.6 | 0.71% | 8.5% | 22.2% | 30.2% |
| ACM | $17.19B | 31.0 | 0.21% | 3.5% | 24.0% | 7.5% |
| AGX | $4.84B | 35.6 | 8.1% | 14.6% | 32.2% | 20.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.99B | $14.57B | $12.58B | $11.08B | $9.90B | $8.80B | $9.17B | $8.13B | $7.69B | $7.55B | $6.72B | $6.42B | |
| Cost of Revenue | $13.70B | $11.80B | $10.49B | $9.47B | $8.40B | $7.40B | $7.82B | $6.93B | $6.54B | $6.51B | $5.77B | $5.52B | |
| Gross Profit | $3.28B | $2.77B | $2.09B | $1.60B | $1.50B | $1.40B | $1.36B | $1.21B | $1.15B | $1.04B | $944M | $907M | |
| SG&A Expense | $1.71B | $1.42B | $1.21B | $1.04B | $971M | $904M | $893M | $799M | $759M | $727M | $657M | $626M | |
| Operating Income | $1.71B | $1.34B | $876M | $565M | $531M | $257M | $461M | $403M | $329M | $307M | $287M | $290M | |
| Interest Expense | $12M | $4M | $17M | $13M | $6M | $9M | $14M | $14M | $13M | $13M | $9M | $9M | |
| Interest Income | $20M | $35M | $15M | $3M | $949.0K | $2M | $2M | $3M | $965.0K | $663.0K | $673.0K | $842.0K | |
| Pretax Income | $1.72B | $1.38B | $873M | $559M | $529M | $252M | $451M | $395M | $319M | $296M | $279M | $282M | |
| Income Tax | $449M | $370M | $240M | $153M | $146M | $119M | $126M | $109M | $91M | $111M | $106M | $104M | |
| Net Income | $1.27B | $1.01B | $633M | $406M | $384M | $133M | $325M | $284M | $227M | $182M | $172M | $169M | |
| EPS (Basic) | $28.30 | $21.61 | $13.37 | $8.13 | $7.09 | $2.41 | $5.78 | $4.88 | $3.84 | $3.00 | $2.74 | $2.54 | |
| EPS (Diluted) | $28.19 | $21.52 | $13.31 | $8.10 | $7.06 | $2.40 | $5.75 | $4.85 | $3.82 | $2.97 | $2.72 | $2.52 | |
| Shares (Basic) | 44,982,102 | 46,616,079 | 47,358,467 | 49,931,940 | 54,068,982 | 55,196,173 | 56,208,280 | 58,112,838 | 59,254,256 | 60,769,808 | 62,789,120 | 66,331,886 | |
| Shares (Diluted) | 45,145,767 | 46,808,293 | 47,564,258 | 50,136,262 | 54,347,534 | 55,421,271 | 56,519,281 | 58,443,467 | 59,618,969 | 61,206,792 | 63,307,512 | 67,062,509 | |
| EBITDA | $1.71B | $1.34B | $928M | $612M | $579M | $304M | $505M | $442M | $370M | $347M | $323M | $326M |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.11B | $1.34B | $790M | $456M | $821M | $903M | $359M | $364M | $467M | $465M | $487M | $432M | |
| Receivables | $4.24B | $3.58B | $3.20B | $2.57B | $2.20B | $1.92B | $2.03B | $1.77B | $1.61B | $1.50B | $1.36B | $1.23B | |
| Prepaid Expense | $120M | $92M | $73M | $79M | $81M | $71M | $52M | $48M | $44M | $41M | $64M | $70M | |
| Current Assets | $5.94B | $5.39B | $4.45B | $3.46B | $3.39B | $3.12B | $2.66B | $2.39B | $2.28B | $2.17B | $2.07B | $1.89B | |
| PP&E (Net) | $253M | $207M | $179M | $158M | $152M | $158M | $156M | $134M | $127M | $128M | $122M | $122M | |
| PP&E (Gross) | $708M | $645M | $592M | $552M | $528M | $515M | $485M | $441M | $409M | $394M | $386M | $364M | |
| Accum. Depreciation | $454M | $437M | $412M | $394M | $376M | $356M | $329M | $307M | $282M | $266M | $264M | $242M | |
| Goodwill | $1.41B | $1.02B | $957M | $919M | $890M | $852M | $1.06B | $991M | $965M | $980M | $843M | $834M | |
| Intangibles | $1.11B | $648M | $586M | $594M | $589M | $583M | $611M | $488M | $495M | $487M | $473M | $502M | |
| Other Non-current Assets | $141M | $137M | $130M | $124M | $158M | $108M | $93M | $89M | $92M | $80M | $30M | $35M | |
| Total Assets | $9.29B | $7.72B | $6.61B | $5.52B | $5.44B | $5.06B | $4.83B | $4.09B | $3.97B | $3.85B | $3.51B | $3.38B | |
| Accounts Payable | $1.23B | $937M | $936M | $849M | $734M | $672M | $665M | $652M | $568M | $501M | $488M | $460M | |
| Current Liabilities | $4.86B | $4.15B | $3.52B | $2.75B | $2.36B | $2.16B | $1.94B | $1.73B | $1.65B | $1.51B | $1.41B | $1.28B | |
| Capital Leases | $369M | $262M | $259M | $221M | $221M | $205M | $205M | $0 | · | · | · | · | |
| Other Non-current Liabilities | $382M | $362M | $361M | $344M | $360M | $382M | $335M | $333M | $346M | $394M | $353M | $360M | |
| Total Liabilities | $5.62B | $4.78B | $4.14B | $3.55B | $3.19B | $3.01B | $2.77B | $2.35B | $2.29B | $2.31B | $2.06B | $1.96B | |
| Common Stock | $613.0K | $612.0K | $611.0K | $609.0K | $607.0K | $606.0K | $604.0K | $601.0K | $599.0K | $606.0K | $617.0K | $636.0K | |
| Retained Earnings | $6.01B | $4.78B | $3.81B | $3.21B | $2.84B | $2.48B | $2.37B | $2.06B | $1.80B | $1.60B | $1.43B | $1.28B | |
| Treasury Stock | $2.43B | $1.85B | $1.35B | $1.22B | $562M | $366M | $254M | $254M | $38M | $10M | $10M | $10M | |
| AOCI | $-2M | $-86M | $-86M | $-93M | $-84M | $-109M | $-89M | $-88M | $-94M | $-102M | $-77M | $-83M | |
| Stockholders' Equity | $3.67B | $2.94B | $2.47B | $1.97B | $2.25B | $2.05B | $2.06B | $1.74B | $1.67B | $1.54B | $1.48B | $1.42B | |
| Liabilities + Equity | $9.29B | $7.72B | $6.61B | $5.52B | $5.44B | $5.06B | $4.83B | $4.09B | $3.97B | $3.85B | $3.54B | $3.39B | |
| Shares Outstanding | 44,520,367 | 45,810,125 | 47,047,265 | 47,666,725 | 53,299,738 | 54,755,900 | 56,219,831 | 55,983,763 | 58,798,428 | 59,946,984 | 61,067,868 | 62,981,229 |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | $52M | $47M | $48M | $47M | $44M | $38M | $40M | $39M | $36M | $37M | |
| Deferred Tax | $-16M | $-29M | $-17M | $10M | $10M | $-36M | $2M | $4M | $-53M | $-8M | $-10M | $6M | |
| Amort. of Intangibles | $119M | $77M | $67M | $61M | $64M | $60M | $48M | $42M | $49M | $41M | $38M | $38M | |
| Restructuring | · | · | · | $0 | $0 | $2M | $2M | $2M | $2M | $1M | $824.0K | $1M | |
| Other Non-cash | · | · | $231M | $34M | $-123M | $663M | $-15M | $-55M | $152M | $52M | $68M | $36M | |
| Operating Cash Flow | $1.30B | $1.41B | $900M | $498M | $319M | $806M | $356M | $271M | $366M | $262M | $267M | $247M | |
| CapEx | $113M | $75M | $78M | $49M | $36M | $48M | $48M | $43M | $35M | $40M | $35M | $38M | |
| Investing Cash Flow | $-874M | $-299M | $-161M | $-141M | $-153M | $-95M | $-345M | $-118M | $-138M | $-271M | $-60M | $-22M | |
| Debt Issued | · | · | · | $0 | $0 | $300M | $0 | $0 | $0 | $400M | $0 | $0 | |
| Net Debt Issued | $0 | $0 | $-246M | $-14M | $-14M | $13M | $-15M | $-15M | $-15M | $-18M | $-18M | $-17M | |
| Stock Repurchased | $586M | $490M | $128M | $661M | $196M | $113M | $0 | $216M | $93M | $94M | $104M | $202M | |
| Net Stock Activity | $-586M | $-490M | $-128M | $-661M | $-196M | $-113M | $0 | $-216M | $-93M | $-94M | $-104M | $-202M | |
| Dividends Paid | $45M | $43M | $33M | $27M | $28M | $18M | $18M | $19M | $19M | $19M | $20M | $21M | |
| Financing Cash Flow | $-664M | $-555M | $-412M | $-710M | $-245M | $-172M | $-19M | $-253M | $-228M | $-9M | $-149M | $-230M | |
| Net Change in Cash | $-228M | $551M | $333M | $-366M | $-81M | $544M | $-6M | $-103M | $3M | $-24M | $55M | $-8M | |
| Taxes Paid | $483M | $409M | $230M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $1.19B | $1.33B | $821M | $449M | $283M | $758M | $307M | $228M | $331M | $225M | $231M | $209M | |
| Levered FCF | $1.18B | $1.33B | $809M | $439M | $278M | $754M | $297M | $218M | $322M | $217M | $226M | $203M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.3% | 19.0% | 16.6% | 14.5% | 15.2% | 15.9% | 14.8% | 14.8% | 14.9% | 13.7% | 14.1% | 14.1% | |
| Operating Margin | 10.1% | 9.2% | 7.0% | 5.1% | 5.4% | 2.9% | 5.0% | 5.0% | 4.3% | 4.1% | 4.3% | 4.5% | |
| Net Margin | 7.5% | 6.9% | 5.0% | 3.7% | 3.9% | 1.5% | 3.5% | 3.5% | 3.0% | 2.4% | 2.6% | 2.6% | |
| Pretax Margin | 10.1% | 9.5% | 6.9% | 5.0% | 5.3% | 2.9% | 4.9% | 4.9% | 4.2% | 3.9% | 4.2% | 4.4% | |
| EBITDA Margin | 10.1% | 9.2% | 7.4% | 5.5% | 5.9% | 3.5% | 5.5% | 5.4% | 4.8% | 4.6% | 4.8% | 5.1% | |
| ROA | 15.0% | 14.1% | 10.4% | 7.4% | 7.3% | 2.7% | 7.3% | 7.0% | 5.8% | 4.9% | 5.0% | 4.9% | |
| ROE | 38.5% | 37.2% | 28.5% | 19.2% | 17.8% | 6.5% | 17.1% | 16.6% | 14.1% | 12.1% | 11.9% | 11.7% | |
| ROIC | 34.5% | 33.5% | 25.7% | 20.8% | 17.1% | 6.6% | 16.2% | 16.8% | 14.1% | 12.5% | 12.0% | 13.0% |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.3 | 1.3 | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.5 | 1.5 | 1.5 | |
| Quick Ratio | 1.1 | 1.2 | 1.1 | 1.1 | 1.3 | 1.3 | 1.2 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | |
| Interest Coverage | 142.5 | 355.9 | 50.9 | 42.8 | 87.4 | 28.5 | 33.3 | 29.8 | 25.9 | 24.4 | 32.1 | 31.9 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 2.0 | 2.0 | 2.1 | 2.0 | 1.9 | 1.8 | 2.1 | 2.0 | 2.0 | 2.0 | 1.9 | 1.9 | |
| Receivables Turnover | 4.3 | 4.3 | 4.4 | 4.6 | 4.8 | 4.5 | 4.8 | 4.8 | 5.0 | 5.3 | 5.2 | 5.1 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 16.6% | 15.8% | 13.6% | 11.8% | 12.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 15.3% | 13.7% | 12.7% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 14.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 31.0% | 61.7% | 64.3% | 14.7% | 194.2% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 51.5% | 45.0% | 77.0% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 63.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 26.4% | 59.1% | 55.9% | 5.9% | 188.5% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 46.3% | 38.0% | 68.2% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 57.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 20.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $16.99B | $14.57B | $12.58B | $11.08B | $9.90B | $8.80B | $9.17B | $8.13B | $7.69B | $7.55B | $6.72B | $6.42B | |
| Net Income TTM | $1.27B | $1.01B | $633M | $406M | $384M | $133M | $325M | $284M | $227M | $182M | $172M | $169M | |
| Market Cap | $27.24B | $20.79B | $10.14B | $7.06B | $6.79B | $5.01B | $4.85B | $3.34B | $4.81B | $4.24B | $2.93B | $2.80B | |
| P/E | 21.7 | 21.1 | 16.2 | 18.3 | 18.0 | 38.1 | 15.0 | 12.3 | 21.4 | 23.8 | 17.7 | 17.7 | |
| P/S | 1.6 | 1.4 | 0.8 | 0.6 | 0.7 | 0.6 | 0.5 | 0.4 | 0.6 | 0.6 | 0.4 | 0.4 | |
| P/B | 7.4 | 7.1 | 4.1 | 3.6 | 3.0 | 2.4 | 2.4 | 1.9 | 2.9 | 2.8 | 2.0 | 2.0 | |
| P / Tangible Book | 23.6 | 16.4 | 10.9 | 15.3 | 8.8 | 8.1 | · | · | · | · | · | · | |
| P / Cash Flow | 20.9 | 14.8 | 11.3 | 14.2 | 21.3 | 6.2 | 13.6 | 12.3 | 13.1 | 16.0 | 11.0 | 11.4 | |
| P / FCF | 22.9 | 15.6 | 12.3 | 15.7 | 24.0 | 6.6 | 15.8 | 14.7 | 14.5 | 18.9 | 12.7 | 13.4 | |
| Dividend Yield | 0.17% | 0.21% | 0.32% | 0.39% | 0.41% | 0.35% | 0.37% | 0.56% | 0.39% | 0.46% | 0.68% | 0.76% | |
| Earnings Yield | 4.6% | 4.7% | 6.2% | 5.5% | 5.5% | 2.6% | 6.7% | 8.1% | 4.7% | 4.2% | 5.7% | 5.7% | |
| Payout Ratio | 3.5% | 4.3% | 5.2% | 6.7% | 7.3% | 13.3% | 5.5% | 6.6% | 8.3% | 10.7% | 11.7% | 12.6% | |
| Annual Payout | $45M | $43M | $33M | $27M | $28M | $18M | $18M | $19M | $19M | $19M | $20M | $21M |
Income Statement 13
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.63B | $4.51B | $4.30B | $4.30B | $3.87B | $3.77B | $3.70B | $3.67B | $3.43B | $3.44B | $3.21B | $3.05B | $2.89B | $2.95B | $2.83B | $2.71B | |
| Cost of Revenue | $3.76B | $3.62B | $3.47B | $3.47B | $3.14B | $3.01B | $2.96B | $2.98B | $2.84B | $2.82B | $2.66B | $2.56B | $2.45B | $2.50B | $2.41B | $2.32B | |
| Gross Profit | $864M | $891M | $835M | $834M | $723M | $757M | $735M | $684M | $589M | $618M | $545M | $490M | $436M | $455M | $413M | $383M | |
| SG&A Expense | $460M | $462M | $430M | $419M | $404M | $368M | $371M | $351M | $329M | $329M | $308M | $293M | $281M | $278M | $263M | $245M | |
| Operating Income | $404M | $574M | $406M | $415M | $319M | $389M | $364M | $333M | $260M | $289M | $235M | $197M | $155M | $177M | $150M | $138M | |
| Pretax Income | $410M | $578M | $408M | $412M | $324M | $398M | $372M | $339M | $268M | $292M | $235M | $194M | $153M | $174M | $148M | $137M | |
| Income Tax | $105M | $143M | $112M | $110M | $84M | $106M | $102M | $92M | $71M | $80M | $65M | $53M | $41M | $48M | $42M | $36M | |
| Net Income | $305M | $435M | $295M | $302M | $241M | $292M | $270M | $248M | $197M | $212M | $169M | $141M | $111M | $126M | $106M | $101M | |
| EPS (Basic) | $6.85 | $9.70 | $6.59 | $6.74 | $5.27 | $6.33 | $5.83 | $5.27 | $4.18 | $4.48 | $3.59 | $2.97 | $2.33 | $2.59 | $2.16 | $1.99 | |
| EPS (Diluted) | $6.84 | $9.64 | $6.57 | $6.72 | $5.26 | $6.30 | $5.80 | $5.25 | $4.17 | $4.47 | $3.57 | $2.95 | $2.32 | $2.56 | $2.16 | $1.99 | |
| Shares (Basic) | 44,564,932 | -90,281,203 | 44,794,790 | 44,833,638 | 45,634,877 | -93,888,995 | 46,394,857 | 46,972,032 | 47,138,185 | -94,984,819 | 47,173,974 | 47,393,493 | 47,775,819 | -102,155,509 | 48,867,420 | 50,507,024 | |
| Shares (Diluted) | 44,687,157 | -90,597,164 | 44,968,308 | 44,990,388 | 45,784,235 | -94,256,624 | 46,588,760 | 47,159,660 | 47,316,497 | -95,368,423 | 47,398,197 | 47,588,669 | 47,945,815 | -102,542,218 | 49,050,151 | 50,711,770 | |
| EBITDA | $404M | · | $406M | $415M | $319M | · | $364M | $333M | $260M | · | $235M | $197M | $155M | · | $150M | $138M |
Balance Sheet 23
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $916M | $1.11B | $655M | $486M | $577M | $1.34B | $1.04B | $807M | $841M | · | $524M | $503M | $420M | · | $404M | $262M | |
| Receivables | $4.55B | $4.24B | $4.10B | $4.11B | $3.81B | $3.58B | $3.51B | $3.46B | $3.21B | · | $3.06B | $2.85B | $2.67B | · | $2.51B | $2.44B | |
| Prepaid Expense | $101M | $120M | $117M | $120M | $103M | $92M | $71M | $77M | $80M | · | $57M | $59M | $70M | · | $64M | $65M | |
| Current Assets | $6.07B | $5.94B | $5.46B | $5.18B | $4.91B | $5.39B | $5.01B | $4.74B | $4.51B | · | $4.07B | $3.81B | $3.56B | · | $3.38B | $3.13B | |
| PP&E (Net) | $265M | $253M | $235M | $242M | $229M | $207M | $205M | $201M | $186M | · | $171M | $163M | $160M | · | $156M | $155M | |
| PP&E (Gross) | · | $708M | · | · | · | $645M | · | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | $454M | · | · | · | $437M | · | · | · | · | · | · | · | · | · | · | |
| Goodwill | $1.43B | $1.41B | $1.36B | $1.35B | $1.34B | $1.02B | $1.00B | $999M | $957M | $957M | $953M | $927M | $923M | $919M | $917M | $901M | |
| Intangibles | $1.09B | $1.11B | $1.06B | $1.08B | $1.10B | $648M | $648M | $662M | $570M | · | $601M | $574M | $585M | · | $606M | $577M | |
| Other Non-current Assets | $166M | $141M | $133M | $155M | $147M | $137M | $138M | $139M | $145M | · | $124M | $134M | $135M | · | $118M | $116M | |
| Total Assets | $9.51B | $9.29B | $8.64B | $8.40B | $8.08B | $7.72B | $7.32B | $7.07B | $6.69B | $6.61B | $6.22B | $5.91B | $5.64B | $5.52B | $5.44B | $5.15B | |
| Accounts Payable | $1.15B | $1.23B | $1.04B | $1.12B | $1.04B | $937M | $897M | $922M | $865M | · | $824M | $790M | $724M | · | $751M | $723M | |
| Current Liabilities | $4.82B | $4.86B | $4.58B | $4.39B | $4.22B | $4.15B | $3.93B | $3.67B | $3.43B | · | $3.23B | $2.95B | $2.66B | · | $2.64B | $2.40B | |
| Capital Leases | $408M | $369M | $329M | $328M | $298M | $262M | $270M | $279M | $270M | · | $256M | $251M | $226M | · | $219M | $228M | |
| Other Non-current Liabilities | $411M | $382M | $396M | $374M | $357M | $362M | $368M | $374M | $371M | · | $358M | $358M | $356M | · | $323M | $318M | |
| Total Liabilities | $5.64B | $5.62B | $5.30B | $5.35B | $5.13B | $4.78B | $4.56B | $4.33B | $4.07B | · | $3.94B | $3.79B | $3.57B | · | $3.60B | $3.19B | |
| Common Stock | $613.0K | $613.0K | $612.0K | $612.0K | $612.0K | $612.0K | $612.0K | $612.0K | $612.0K | · | $611.0K | $611.0K | $610.0K | · | $609.0K | $609.0K | |
| Retained Earnings | $6.29B | $6.01B | $5.58B | $5.30B | $5.01B | $4.78B | $4.50B | $4.24B | $4.00B | · | $3.61B | $3.45B | $3.32B | · | $3.10B | $3.00B | |
| Treasury Stock | $2.52B | $2.43B | $2.28B | $2.28B | $2.07B | $1.85B | $1.76B | $1.50B | $1.39B | · | $1.33B | $1.33B | $1.24B | · | $1.22B | $1.02B | |
| AOCI | $-2M | $-2M | $-72M | $-68M | $-80M | $-86M | $-76M | $-86M | $-86M | · | $-91M | $-87M | $-91M | · | $-102M | $-93M | |
| Stockholders' Equity | $3.87B | $3.67B | $3.34B | $3.05B | $2.95B | $2.94B | $2.76B | $2.74B | $2.61B | · | $2.28B | $2.12B | $2.07B | · | $1.84B | $1.95B | |
| Liabilities + Equity | $9.51B | $9.29B | $8.64B | $8.40B | $8.08B | $7.72B | $7.32B | $7.07B | $6.69B | · | $6.22B | $5.91B | $5.64B | · | $5.44B | $5.15B | |
| Shares Outstanding | 44,439,940 | 44,520,367 | 44,764,843 | 44,762,776 | 45,330,671 | 45,810,125 | 45,997,428 | 46,712,350 | 46,995,600 | · | 47,141,954 | 47,130,116 | 47,635,583 | · | 47,647,114 | 49,364,981 |
Cash Flow 11
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Tax | $-7M | · | · | · | $3M | · | · | · | · | · | · | · | · | · | · | · | |
| Amort. of Intangibles | $34M | $32M | $31M | $30M | $26M | $20M | $20M | $20M | $16M | $18M | $17M | $16M | $16M | $16M | $15M | $14M | |
| Operating Cash Flow | $558.0K | $524M | $476M | $194M | $108M | $469M | $526M | $280M | $132M | $424M | $261M | $300M | $-85M | $260M | $257M | $77M | |
| CapEx | $29M | $32M | $27M | $28M | $26M | $18M | $18M | $19M | $20M | $22M | $20M | $13M | $23M | $11M | $11M | $16M | |
| Investing Cash Flow | $-72M | $104M | $-39M | $-63M | $-875M | $-56M | $-33M | $-192M | $-19M | $-27M | $-86M | $-23M | $-25M | $-18M | $-70M | $-39M | |
| Stock Repurchased | $87M | $154M | $0 | $207M | $225M | $84M | $256M | $110M | $39M | $22M | $0 | $89M | $16M | $4M | $202M | $273M | |
| Net Stock Activity | $-87M | · | · | · | $-225M | · | · | · | $-39M | · | · | · | $-16M | · | · | · | |
| Dividends Paid | $18M | $11M | $11M | $11M | $11M | $12M | $12M | $12M | $8M | $8M | $8M | $9M | $7M | $7M | $6M | $7M | |
| Financing Cash Flow | $-124M | $-169M | $-264M | $-230M | $-829.0K | $-100M | $-274M | $-122M | $-59M | $-136M | $-150M | $-198M | $72M | $-198M | $-38M | $-282M | |
| Net Change in Cash | $-196M | $456M | $169M | $-90M | $-763M | $304M | $229M | $-34M | $53M | $266M | $21M | $82M | $-36M | $52M | $141M | $-252M | |
| Free Cash Flow | $-28M | · | · | · | $82M | · | · | · | $112M | · | · | · | $-108M | · | · | · |
Profitability 8
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.7% | · | 19.4% | 19.4% | 18.7% | · | 19.9% | 18.6% | 17.2% | · | 17.0% | 16.1% | 15.1% | · | 14.6% | 14.1% | |
| Operating Margin | 8.7% | · | 9.4% | 9.7% | 8.2% | · | 9.8% | 9.1% | 7.6% | · | 7.3% | 6.5% | 5.4% | · | 5.3% | 5.1% | |
| Net Margin | 6.6% | · | 6.9% | 7.0% | 6.2% | · | 7.3% | 6.8% | 5.7% | · | 5.3% | 4.6% | 3.9% | · | 3.7% | 3.7% | |
| Pretax Margin | 8.9% | · | 9.5% | 9.6% | 8.4% | · | 10.1% | 9.2% | 7.8% | · | 7.3% | 6.4% | 5.3% | · | 5.2% | 5.1% | |
| EBITDA Margin | 8.7% | · | 9.4% | 9.7% | 8.2% | · | 9.8% | 9.1% | 7.6% | · | 7.3% | 6.5% | 5.4% | · | 5.3% | 5.1% | |
| ROA | 3.5% | · | 3.7% | 3.9% | 3.3% | · | 4.0% | 3.8% | 3.2% | · | 2.9% | 2.5% | 2.1% | · | 2.0% | 2.0% | |
| ROE | 9.0% | · | 9.7% | 10.4% | 8.6% | · | 10.7% | 10.2% | 8.4% | · | 8.2% | 6.9% | 5.3% | · | 5.3% | 5.0% | |
| ROIC | 7.8% | · | 8.8% | 10.0% | 8.0% | · | 9.6% | 8.8% | 7.3% | · | 7.5% | 6.7% | 5.5% | · | 5.8% | 5.2% |
Liquidity & Solvency 2
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | · | 1.2 | 1.2 | 1.2 | · | 1.3 | 1.3 | 1.3 | · | 1.3 | 1.3 | 1.3 | · | 1.3 | 1.3 | |
| Quick Ratio | 1.1 | · | 1.0 | 1.0 | 1.0 | · | 1.2 | 1.2 | 1.2 | · | 1.1 | 1.1 | 1.2 | · | 1.1 | 1.1 |
Efficiency 2
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | · | 0.5 | 0.6 | 0.5 | · | 0.5 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.5 | · | 0.5 | 0.5 | |
| Receivables Turnover | 1.1 | · | 1.1 | 1.1 | 1.1 | · | 1.1 | 1.2 | 1.2 | · | 1.2 | 1.2 | 1.2 | · | 1.2 | 1.2 |
Valuation (TTM) 11
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $17.10B | · | $16.17B | $15.54B | $14.66B | · | $14.00B | $13.35B | $12.58B | · | $11.97B | $11.47B | $11.02B | · | $10.65B | $10.26B | |
| Net Income TTM | $1.14B | · | $1.11B | $1.06B | $956M | · | $884M | $755M | $619M | · | $527M | $459M | $391M | · | $380M | $371M | |
| Market Cap | $32.81B | · | $29.08B | $23.94B | $16.76B | · | $19.80B | $17.05B | $16.46B | · | $9.92B | $8.71B | $7.75B | · | $5.50B | $5.08B | |
| P/E | 29.1 | · | 26.7 | 23.2 | 18.0 | · | 22.9 | 22.9 | 26.9 | · | 19.1 | 19.6 | 20.7 | · | 15.6 | 14.7 | |
| P/S | 1.9 | · | 1.8 | 1.5 | 1.1 | · | 1.4 | 1.3 | 1.3 | · | 0.8 | 0.8 | 0.7 | · | 0.5 | 0.5 | |
| P/B | 8.5 | · | 8.7 | 7.8 | 5.7 | · | 7.2 | 6.2 | 6.3 | · | 4.4 | 4.1 | 3.7 | · | 3.0 | 2.6 | |
| P / Tangible Book | 24.4 | · | 31.6 | 38.8 | 32.4 | · | 17.9 | 15.7 | 15.1 | · | 13.7 | 14.2 | 13.9 | · | 17.3 | 10.7 | |
| P / Cash Flow | 58800.1 | · | · | · | 154.5 | · | · | · | 124.4 | · | · | · | -91.6 | · | · | · | |
| P / FCF | -1165.4 | · | · | · | 203.5 | · | · | · | 147.0 | · | · | · | -71.9 | · | · | · | |
| Earnings Yield | 3.4% | · | 3.8% | 4.3% | 5.5% | · | 4.4% | 4.4% | 3.7% | · | 5.2% | 5.1% | 4.8% | · | 6.4% | 6.8% | |
| Payout Ratio | 5.8% | · | · | · | 4.8% | · | · | · | 4.3% | · | · | · | 6.4% | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $16.99B | $14.57B | $12.58B | $11.08B | $9.90B |
| Gross Margin % | 19.3% | 19.0% | 16.6% | 14.5% | 15.2% |
| Operating Margin % | 10.1% | 9.2% | 7.0% | 5.1% | 5.4% |
| Net Income | $1.27B | $1.01B | $633M | $406M | $384M |
| Diluted EPS | $28.19 | $21.52 | $13.31 | $8.10 | $7.06 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.3 | 1.3 | 1.3 | 1.4 |
| Quick Ratio | 1.1 | 1.2 | 1.1 | 1.1 | 1.3 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $1.19B | $1.33B | $821M | $449M | $283M |
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