Emcor (EME) Operating Expenses (2009 - 2026)

Emcor's (EME) quarterly Operating Expenses came in at $460.1 million in Q1 2026, up 13.9% year-on-year from $404.0 million in Q1 2025, and little changed quarter-over-quarter from $462.3 million in Q4 2025.

Emcor (EME) Operating Expenses (2009 - 2026) Analysis & Trends

Emcor has disclosed Operating Expenses across 18 years of filings, most recently posting $460.1 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $460.1 million, up 13.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.8 billion (up 18.45% YoY), and the FY2025 annual result was $1.7 billion, up 20.72% from the prior year.
  • Operating Expenses came in at $460.1 million for Q1 2026 at Emcor, roughly flat from $462.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $462.3 million in Q4 2025 to a low of $245.4 million in Q2 2022.
  • The 5-year median for Operating Expenses is $329.4 million (2024), against an average of $343.8 million.
  • Across the five-year window, Operating Expenses increased 1.01% in 2022 and climbed 25.47% in 2025, its largest moves.
  • Emcor's Operating Expenses stood at $277.6 million in 2022, then climbed by 18.35% to $328.5 million in 2023, then gained by 12.14% to $368.5 million in 2024, then grew by 25.47% to $462.3 million in 2025, then slipped by 0.48% to $460.1 million in 2026.
  • The last three Operating Expenses figures came in at $460.1 million (Q1 2026), $462.3 million (Q4 2025), and $429.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Quanta Services 103.56 Bn 103.29 Bn 1.11 Bn 620.73 Mn
2 Comfort Systems Usa 64.33 Bn 63.28 Bn 754.41 Mn 269.00 Mn
3 Emcor 36.81 Bn 35.90 Bn 863.95 Mn 460.11 Mn
4 Mastec 27.54 Bn 27.38 Bn 477.90 Mn 297.49 Mn
5 Sterling Infrastructure 25.78 Bn 25.28 Bn 194.30 Mn 49.26 Mn
6 APi 18.83 Bn 18.18 Bn 620.00 Mn 517.00 Mn
7 Jacobs Solutions 14.81 Bn 13.43 Bn 794.89 Mn 876.07 Mn
8 IES Holdings 14.35 Bn 14.09 Bn 254.79 Mn 142.57 Mn
9 Dycom Industries 13.61 Bn 12.90 Bn - -
10 TopBuild 11.46 Bn 11.19 Bn 400.25 Mn 225.21 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 460.11 Mn
Dec 31, 2025 462.31 Mn
Sep 30, 2025 429.62 Mn
Jun 30, 2025 418.56 Mn
Mar 31, 2025 403.96 Mn
Dec 31, 2024 368.45 Mn
Sep 30, 2024 371.19 Mn
Jun 30, 2024 351.19 Mn
Mar 31, 2024 329.36 Mn
Dec 31, 2023 328.55 Mn
Sep 30, 2023 308.14 Mn
Jun 30, 2023 293.39 Mn
Mar 31, 2023 281.15 Mn
Dec 31, 2022 277.62 Mn
Sep 30, 2022 263.14 Mn
Jun 30, 2022 245.36 Mn
Mar 31, 2022 252.60 Mn
Dec 31, 2021 260.03 Mn
Sep 30, 2021 243.92 Mn
Jun 30, 2021 242.92 Mn