EME vs PWR vs WM Stock Comparison

Emcor, Quanta Services and Waste Management Prices as of Oct 27, 2026 Peers: Industry group
EME EMCOR Group, Inc.
$666.57 -12.6% 1M -11.7% 1Y
Market cap
$30.08B
P/E
20.9x
Revenue (TTM)
$18.60B
Div. yield
0.00%
Engineering and Construction Industrials
6 wins
PWR Quanta Services, Inc.
$578.87 -10.8% 1M +31.0% 1Y
Market cap
$90.87B
P/E
68.5x
Revenue (TTM)
$32.91B
Div. yield
0.00%
Utility Construction Industrials
3 wins
WM Waste Management Inc
$235.63 +13.9% 1M +10.2% 1Y
Market cap
$90.37B
P/E
29.4x
Revenue (TTM)
$26.07B
Div. yield
–
Solid Waste Industrials
1 win

Head to Head

10 decided of 12

Emcor leads on 6 of the 12 questions below (Emcor 6, Quanta Services 3, Waste Management 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEMEPWRWMLeader
Larger companyMarket capitalisation $30.08B $90.87B $90.37B PWR
Cheaper on earningsLower P/E, profitable companies only 20.9x 68.5x 29.4x EME
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.2x 36.5x 27.2x EME
Faster revenue growthRevenue growth, trailing twelve months +18.9% +26.3% +5.2% PWR
More profitableNet margin, trailing twelve months 7.7% 4.0% — EME
Better return on capitalReturn on invested capital — 10.1% — –
Less leveragedLower net debt / EBITDA — 1.8x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% EME
Better 1-year returnPrice return, last 12 months -11.7% +31.0% +10.2% PWR
Better 5-year returnAnnualised price return, 5 years +39.9%/yr +36.7%/yr +8.4%/yr EME
Less volatileAnnualised volatility, 1 year 45.4% 44.8% 21.4% WM
Higher overall scoreMean of the five percentile scores vs peers 65/100 53/100 61/100 EME

Percentile Scorecard

EMEPWRWM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisEMEPWRWM
Valuation 59 #22 of 52 22 #41 of 52 60 #7 of 16
Growth 56 #17 of 37 72 #11 of 37 77 #4 of 14
Profitability 86 #6 of 37 75 #10 of 37 92 #2 of 14
Financial Health 70 #18 of 57 55 #26 of 57 13 #14 of 16
Shareholder Returns 54 #13 of 27 42 #16 of 27 –
Overall 65 53 61
  • EME ranked among 57 companies in Construction Services
  • PWR ranked among 57 companies in Construction Services
  • WM ranked among 16 companies in Waste Management

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodEMEPWRWMSPY
1 month -12.6%-10.8%+13.9% -0.2%
3 months -5.6%-1.6%-1.6% +3.9%
6 months -22.8%-8.3%+3.6% +8.2%
Year to date +9.0%+37.2%+7.2% +12.9%
1 year -11.7%+31.0%+10.2% +12.3%
3 years +224.6%+251.1%+46.0% +87.4%
3 years, per year +48.1%+52.0%+13.5% +23.3%
5 years +435.6%+376.4%+49.6% +67.9%
5 years, per year +39.9%+36.7%+8.4% +10.9%
10 years +1,015.6%+1,953.5%+271.9% +261.1%
10 years, per year +27.3%+35.3%+14.0% +13.7%

Risk

MeasureEMEPWRWMSPY
Volatility, 1Y 45.4%44.8%21.4% 12.7%
Downside volatility, 1Y 48.2%42.7%20.8% 12.7%
Beta vs S&P 500, 1Y 1.931.73-0.42 1.00
Return / volatility, 1Y -0.260.690.48 0.97
Max drawdown, 5Y -36.2%-33.9%-18.7% -25.4%
From 52-week high -29.4%-26.3%-4.4% -1.2%
52-week high $943.75$785.24$246.51 $779.14
52-week low $581.58$413.17$196.77 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleEMEPWRWM
P/E now vs peer median 20.6xmedian 26.7x 65.5xmedian 26.7x 30.8xmedian 33.2x
P/S now vs peer median 1.6xmedian 0.8x 2.6xmedian 0.8x 3.6xmedian 3.3x
EV/EBITDA now vs peer median 13.4xmedian 13.1x 30.2xmedian 13.1x —median 14.5x
P/FCF now vs peer median 25.2xmedian 23.0x 38.0xmedian 23.0x 23.2xmedian 16.4x
P/B now vs peer median 7.2xmedian 2.4x 8.9xmedian 2.4x 9.6xmedian 3.0x
PEG now vs peer median 0.44median 0.57 2.13median 0.57 3.00median 2.81

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsEMEPWRWM
Revenue $18.60B $32.91B $26.07B
Gross profit $3.61B $5.09B –
Operating income $1.93B $2.04B $4.80B
Net income $1.44B $1.35B $3.07B
Free cash flow $1.17B $2.29B –
EPS (diluted) $32.30 $8.70 $7.63
Cash & equivalents $924.41M $506.43M $247.00M
Total debt – $6.10B –
Shares (diluted) 44.55M 152.44M 402.40M
Enterprise value $26.47B $88.95B $90.37B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricEMEPWRWM
P/E 20.6x 65.5x 30.8x
P/FCF 25.2x 38.0x 23.2x
P/Operating cash flow 22.9x 27.4x 8.2x
P/S 1.6x 2.6x 3.6x
P/B 7.2x 8.9x 9.6x
P/Tangible book 9.8x 13.3x 14.9x
EV/EBITDA 13.4x 30.2x –
EV/EBIT 14.8x 45.5x –
EV/Revenue 1.5x 2.8x 3.6x
EV/FCF 24.4x 40.5x –
EV/Operating cash flow 22.1x 29.1x 8.2x
PEG (3Y EPS CAGR) 0.44 2.13 3.00

Growth

14 metrics
MetricEMEPWRWM
Revenue growth (1Y) 18.9% 26.3% 5.2%
Revenue CAGR (3Y) 16.7% 21.5% 9.0%
Gross profit growth (1Y) 18.5% 29.8% –
Gross profit CAGR (3Y) 26.3% 24.2% –
Operating income growth (1Y) 29.9% 36.3% 17.9%
Operating income CAGR (3Y) 41.7% 28.9% 10.5%
Net income growth (1Y) 30.2% 36.2% 19.7%
Net income CAGR (3Y) 43.8% 31.5% 10.0%
EPS growth (1Y) 31.5% 35.2% 20.3%
EPS CAGR (3Y) 47.0% 30.7% 10.3%
Operating cash flow growth (1Y) -0.6% 59.6% 95.1%
Operating cash flow CAGR (3Y) 20.8% 42.8% 37.6%
Free cash flow growth (1Y) -3.1% 68.4% –
Free cash flow CAGR (3Y) 20.3% 47.7% –

Profitability

14 metrics
MetricEMEPWRWM
Gross margin 19.4% 15.5% –
EBITDA margin 11.5% 9.3% –
Operating margin 10.4% 6.2% –
Pretax margin 10.5% 5.3% –
Net margin 7.7% 4.0% –
FCF margin 6.3% 7.0% –
Operating cash flow margin 6.9% 9.7% 43.8%
Return on equity 36.2% 14.3% 31.0%
Return on assets 14.6% 5.0% 6.6%
Return on invested capital – 10.1% –
Return on capital employed 41.9% 12.6% –
Asset turnover 1.9x 1.2x 0.6x
Cash conversion (OCF / net income) 0.9x 2.4x 3.7x
Stock comp / revenue 0.1% 0.7% –

Financial Health

11 metrics
MetricEMEPWRWM
Debt / assets – 21.6% –
Debt / equity – 0.6x –
Net debt / EBITDA – 1.8x –
Debt / FCF – 2.7x –
Liabilities / assets 59.8% 65.6% 78.8%
Equity / assets 40.2% 34.4% 21.2%
Interest coverage – 6.9x –
Current ratio 1.3x 1.1x 0.8x
Quick ratio 1.2x 1.0x –
Cash ratio 0.2x 0.0x –
Altman Z-score 6.46 4.62 –

Shareholder Returns

7 metrics
MetricEMEPWRWM
Dividend yield 0.2% 0.1% 1.5%
Net buyback yield 1.4% – –
Shareholder yield 1.7% 0.1% 1.5%
Payout ratio (earnings) 4.0% 4.7% –
Payout ratio (FCF) 4.9% 2.8% –
Dividend growth (1Y) 26.6% 10.9% –
Dividend CAGR (3Y) 25.6% 12.6% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusEMEPWRWM
Forward P/E 19.2xFY2026 36.5xFY2026 27.2xFY2026
EPS, next fiscal year $34.73FY2026 $15.88FY2026 $8.65FY2026
EPS growth, next FY +34.2%FY2026 +47.7%FY2026 +15.3%FY2026
EPS growth, the year after +10.7% +27.0% +9.5%
Revenue, next fiscal year $19.07BFY2026 $40.73BFY2026 $25.84BFY2026
Revenue growth, next FY +12.2%FY2026 +43.0%FY2026 +2.6%FY2026
Revenue growth, the year after +13.1% +9.6% +12.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEMEPWRWM
Held by institutions 93.1% 88.9% 82.3%
Institutions holding 1,235 1,920 2,348
Change in shares held, QoQ -0.1% +13.5% +0.8%
Institutions buying 659 972 1,094
Institutions selling 419 704 901
Buyers to sellers 1.57 1.38 1.21

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

EMEPWRWM
EME 1.00 0.77 -0.34
PWR 0.77 1.00 -0.29
WM -0.34 -0.29 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EME, PWR and WM?

Quanta Services (PWR) is the largest by market capitalisation: Emcor (EME) $30.08B, Quanta Services (PWR) $90.87B, Waste Management (WM) $90.37B.

Which stock is cheaper, EME, PWR and WM?

Emcor (EME) trades on the lowest price-to-earnings ratio (Emcor (EME) 20.9x, Quanta Services (PWR) 68.5x, Waste Management (WM) 29.4x). On next year's consensus earnings, Emcor (EME) is cheapest (Emcor (EME) 19.2x, Quanta Services (PWR) 36.5x, Waste Management (WM) 27.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Quanta Services (PWR) grew revenue fastest over the trailing twelve months: Emcor (EME) +18.9%, Quanta Services (PWR) +26.3%, Waste Management (WM) +5.2%.

Which company is more profitable?

Emcor (EME) has the highest net margin (Emcor (EME) 7.7%, Quanta Services (PWR) 4.0%).

Which stock has performed better?

Over the past year Quanta Services (PWR) returned the most: Emcor (EME) -11.7%, Quanta Services (PWR) +31.0%, Waste Management (WM) +10.2%. Over five years, Emcor (EME) compounded fastest (Emcor (EME) +39.9%/yr, Quanta Services (PWR) +36.7%/yr, Waste Management (WM) +8.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Emcor (EME) has the highest dividend yield: Emcor (EME) 0.00%, Quanta Services (PWR) 0.00%, Waste Management (WM) 0.00%. Waste Management (WM) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Waste Management (WM) has been the steadiest (Emcor (EME) 45.4%, Quanta Services (PWR) 44.8%, Waste Management (WM) 21.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EME, PWR and WM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Emcor (EME) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.