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| Date | Value |
|---|---|
| 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 |