| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 44 | 24.3x | 17.8x | Around median | |
Growth | 79 | 18.9% | 7.1% | Top tier | |
Quality | 70 | 34.1% | 4.5% | Top tier | |
Safety | 84 | — | 2.6x | Top tier | |
Capital Return | 52 | 0.17% | 2.12% | Around median | |
Momentum | 58 | 30.2% | 2.9% | Around median | |
Sentiment | 43 | 7 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
EMCOR Group performs complex electrical and mechanical construction work, alongside building services and industrial services, serving data center, institutional, manufacturing, warehouse, water and wastewater, and healthcare projects. In Q2 fiscal 2026, the electrical and mechanical construction segments together generated revenue of $3.96 billion, while building services recorded $837.7 million and industrial services $353.8 million; the two construction businesses therefore accounted for approximately 77% of the group’s quarterly revenue of $5.15 billion.
EMCOR reported record quarterly revenue of $5.15 billion in Q2 fiscal 2026, up 19.8% year over year, with organic growth of 19.6% after excluding the impact of acquisitions and the sale of EMCOR U.K. Gross profit rose 22.6% to $1.02 billion, with gross margin improving 40 basis points to 19.8%, while net income reached $403.7 million and diluted earnings per share were $9.06, up approximately 35% from $6.72 in the comparable quarter.
Operating income reached a record $547.3 million in Q2 fiscal 2026, up approximately 32%, and operating margin expanded 100 basis points to 10.6%. The electrical construction segment generated revenue of $1.66 billion and an operating margin of 13.9%, while the mechanical construction segment recorded $2.3 billion and a margin of 12.5%, and building services margin reached 7.6% after improving 130 basis points. EDGAR data for fiscal 2025 shows annual revenue of $17.0 billion, net income of $1.3 billion, and earnings per share of $28.19.
The analyst consensus is “Buy,” with an average price target of $1055.4, a high of $1200, and a low of $918; the average is above the 52-week range high of $951.96, while the wide gap between the highest and lowest targets reveals uncertainty about the sustainability of data center growth and margins. The available data does not include a usable price-to-earnings multiple, so the stock’s valuation here is based on the 52-week range of $564.92 to $951.96 and analyst targets, while weighing the increase in fiscal 2026 guidance against contract mix risks and acquisition amortization.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
EMCOR’s revenue rose to a record quarterly level of $5.15 billion, up 19.8%, while organic growth reached 19.6%. The two construction segments led this performance with combined revenue of $3.96 billion, with electrical construction growing 24% and mechanical construction by more than 31%. Data centers were the largest driver, as network and communications revenue rose 45% in the electrical segment and more than doubled in the mechanical segment.
Remaining performance obligations reached a record $17.14 billion at the end of Q2 fiscal 2026, up 44% year over year and 29% since the end of fiscal 2025. Organic growth accounted for 95% of the increase, and bookings included data centers, water and wastewater, healthcare, and institutional sectors. However, only approximately 75% to 76% is expected to be performed within 12 months, compared with approximately 85% historically, due to larger projects, a higher share of water and wastewater work, and mobilization timing.
EMCOR raised its fiscal 2026 revenue forecast to a range of $20.0 billion to $20.5 billion. It also raised diluted earnings per share guidance to between $32 and $33.25, compared with earnings per share of $28.19 in fiscal 2025. The outlook is based on first-half strength, record remaining performance obligations, and continued demand, but it does not assume that the record quarterly operating margin of 10.6% will recur throughout the second half.
Automated analysis for informational purposes only — not investment advice.
The five companies add electrical capabilities and geographic reach in Wisconsin, Ohio, Florida, Texas, and the Chicago area. Collectively, they generated revenue of $625 million and earnings before interest, taxes, depreciation, and amortization of $105 million during the twelve months ended June 30, 2026. EMCOR expects them to contribute between $250 million and $275 million in revenue during the second half of fiscal 2026, but intangible asset amortization and lower interest income will limit their near-term impact on earnings per share.
Mechanical construction margin declined 110 basis points to 12.5% due to an increase in projects where EMCOR acts as construction manager or prime contractor and a rise in guaranteed maximum price and cost-plus contracts. Management estimated the shift toward a guaranteed maximum price contract mix in the mechanical business at approximately 9% to 10%. In industrial services, the refinery turnaround season in the second half of fiscal 2026 may be weaker than usual, while guidance does not assume a repeat of the group’s 10.6% margin recorded in Q2.
The analyst consensus is “Buy,” and the average price target is $1055.4, with a range of $918 to $1200. The average target exceeds the 52-week range high of $951.96 by approximately 10.9%, but the $282 target range indicates clear differences in estimates of growth and margin sustainability. The bullish case is tied to higher fiscal 2026 guidance and remaining performance obligations of $17.14 billion, while the cautious case is tied to the concentration of growth in data centers, the decline in mechanical margin, and the impact of acquisition amortization.
