EME
EMCOR Group, Inc.Evidence as of 2026-09-25The desk's Snapshot
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Overview · EMCOR Group, Inc.
EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, ch…
Management team
- Mr. Jason R. Nalbandian · Senior VP, CFO & Chief Accounting OfficerFind on LinkedIn
- Mr. Kostas Christakos · TreasurerFind on LinkedIn
- Mr. Douglas R. Harrington Jr. · President & CEO of EMCOR Industrial ServicesFind on LinkedIn
- Ms. Maxine Lum Mauricio Esq. · Chief Administrative Officer, Executive VP, General Counsel & Corporate SecretaryFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Mixed ( - 0.2 of a possible + 2; was - 0.2 before debate) · confidence high. Revenues for the fiscal quarter ended 2026-07-24 (Q2 2026) were reported at $ 5,154,892,000, up from $ 4,628,233,000 in the fiscal quarter ended 2026-04-23 (Q1 2026) and $ 3,867,372,000 in the fiscal quarter ended 2025-04-24 (Q1 2025). Gross profit in Q2 2026 was $ 1,022,379,000, implying a gross margin of about 19.9% on those revenues, up from roughly 18.7% in the earlier comparative quarters.
Net income and per‑share metrics also rose over the same sequence: net income moved from $ 240,677,000 (fiscal Q1 2025) to $ 305,484,000 (fiscal Q1 2026) to $ 403,694,000 (fiscal Q2 2026), while diluted EPS moved from $ 5.26 to $ 6.84 to $ 9.06. Reported shares outstanding declined from 44,765,864 as of 24 October 2025 to 44,440,278 as of 23 April 2026 to 44,109,901 as of 24 July 2026, and cash paid for repurchases in the three months ended 31 March 2026 (fiscal Q1 2026) was $ 224,832,000.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenues for the quarter ended 30 June 2026 (fiscal Q2 2026, 2026-04-01 to 2026-06-30) were $5,154,892,000.
XBRL companyfacts · 0000105634-26-000110Revenues increased from $3,867,372,000 in the quarter ended 31 March 2025 (fiscal Q1 2025, 2025-01-01 to 2025-03-31) to $4,628,233,000 in the quarter ended 31 March 2026 (fiscal Q1 2026, 2026-01-01 to 2026-03-31) to $5,154,892,000 in the quarter ended 30 June 2026 (fiscal Q2 2026, 2026-04-01 to 2026-06-30).
XBRL companyfacts · 0000105634-26-000046Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The company's 10-K filed 26 Feb 2026 added a risk that "Economic downturns, recessions, or periods of slow growth have historically led to reductions in demand for our services" and noted that negative credit-market conditions, including elevated interest rates, may adversely impact results of operations.
10-K filed 2026-02-26The 10-K filed 26 Feb 2026 added a risk describing exposure to volatility in prices or availability of materials and commodities (for example copper and steel) and increases in energy prices that could adversely affect the business.
10-K filed 2026-02-26Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-06-30, reported institutional 13F holdings total "$33.00B" for the company.
13F holdings · 1250 filers · as of 2026-06-30Top reported institutional holders as of 2026-06-30 include BlackRock, Inc. at "$3.42B", VANGUARD CAPITAL MANAGEMENT LLC at "$2.41B", VANGUARD PORTFOLIO MANAGEMENT LLC at "$1.65B", STATE STREET CORP at "$1.64B", and FMR LLC at "$1.11B".
13F holdings · 1250 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A recent headline discusses EMCOR's operating leverage as a driver of further profit growth.
News · zacks.com · 2026-09-24One outlet ran a long-term performance piece framed as what $100 invested in EMCOR 15 years ago would be worth today.
News · benzinga.com · 2026-09-23Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Price-to-free-cash-flow (P/FCF) is 710.28 as reported.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-earnings (P/E) trailing twelve months is 25.76 and EPS (ttm) is 29.19.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The cluster of quarterly fundamentals (rising revenues, gross profit, net income, and EPS) shows consistent sequential improvement through Q2 2026, which supports a favorable operational read. Reported share-count reductions and sizable cash repurchases for Q1 2026 indicate active capital-return behavior that mechanically lifts EPS per share metrics. Institutional ownership and multiple buy-side analyst buy ratings add a layer of market-interest validation. The bear points around accounting and risk disclosures (cost variability, macro sensitivity, and FCF dispersion) appear to be company- and market-risk language commonly highlighted in 10-Ks and are partially explained here by the data showing a material gap between operating income and reported free cash flow, suggesting timing or working-capital effects rather than outright earnings deterioration.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.38
31 surviving claims rest on 12 distinct sources; the heaviest analyst carries 26% of them, and 100% of what the desk raised survived the debate.
The read rests on a moderate breadth of sources (12) but a relatively large set of surviving claims (31), so individual claims have some cross-support yet are not widely diversified. With one analyst responsible for about a quarter of the claims and the desk’s proposed challenges all surviving debate, the evidence is somewhat resilient but susceptible to analyst-concentration and to any single new filing that revises reported figures.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
13 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+1.5 to the score
4 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−1.5 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+1.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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Institutional holders
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