Emcor (EME) Operating Margin (2009 - 2026)
Emcor's (EME) quarterly Operating Margin came in at 8.73% in Q1 2026, up 48.0% year-on-year from 5.9% in Q1 2025, and down 11.19% quarter-over-quarter from 9.82% in Q4 2025.
Emcor (EME) Operating Margin (2009 - 2026) Analysis & Trends
Emcor has disclosed Operating Margin across 18 years of filings, most recently posting 8.73% for Q1 2026.
- Operating Margin for Q1 2026 came in at 8.73%, up 48.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.75% (down 361.0% YoY), and the FY2025 annual result was 1.95%, down 728.0% from the prior year.
- Operating Margin came in at 8.73% for Q1 2026 at Emcor, down from 9.82% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 10.31% in Q4 2024 to a low of 3.86% in Q1 2022.
- The 5-year median for Operating Margin is 8.24% (2025), against an average of 7.67%.
- Across the five-year window, Operating Margin tumbled 122 bps in 2022 and jumped 262 bps in 2024, its largest moves.
- Emcor's Operating Margin stood at 6.01% in 2022, then soared by 40 bps to 8.41% in 2023, then climbed by 23 bps to 10.31% in 2024, then retreated by 5 bps to 9.82% in 2025, then slipped by 11 bps to 8.73% in 2026.
- The last three Operating Margin figures came in at 8.73% (Q1 2026), 9.82% (Q4 2025), and 9.43% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 103.56 Bn | 103.29 Bn | 1.11 Bn | 4.30% |
| 2 | Comfort Systems Usa | 64.33 Bn | 63.28 Bn | 754.41 Mn | 16.95% |
| 3 | Emcor | 36.81 Bn | 35.90 Bn | 863.95 Mn | 8.73% |
| 4 | Mastec | 27.54 Bn | 27.38 Bn | 477.90 Mn | 3.70% |
| 5 | Sterling Infrastructure | 25.78 Bn | 25.28 Bn | 194.30 Mn | 16.69% |
| 6 | APi | 18.83 Bn | 18.18 Bn | 620.00 Mn | 5.20% |
| 7 | Jacobs Solutions | 14.81 Bn | 13.43 Bn | 794.89 Mn | -2.20% |
| 8 | IES Holdings | 14.35 Bn | 14.09 Bn | 254.79 Mn | 11.52% |
| 9 | Dycom Industries | 13.61 Bn | 12.90 Bn | - | - |
| 10 | TopBuild | 11.46 Bn | 11.19 Bn | 400.25 Mn | 12.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.73% |
| Dec 31, 2025 | 9.82% |
| Sep 30, 2025 | 9.43% |
| Jun 30, 2025 | 9.65% |
| Mar 31, 2025 | 8.24% |
| Dec 31, 2024 | 10.31% |
| Sep 30, 2024 | 9.83% |
| Jun 30, 2024 | 9.08% |
| Mar 31, 2024 | 7.57% |
| Dec 31, 2023 | 8.41% |
| Sep 30, 2023 | 7.33% |
| Jun 30, 2023 | 6.46% |
| Mar 31, 2023 | 5.36% |
| Dec 31, 2022 | 6.01% |
| Sep 30, 2022 | 5.31% |
| Jun 30, 2022 | 5.08% |
| Mar 31, 2022 | 3.86% |
| Dec 31, 2021 | 5.42% |
| Sep 30, 2021 | 5.45% |
| Jun 30, 2021 | 5.47% |