Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $8,797 | $9,904 | $11,076 | $12,583 | $14,566 |
| Gross Profit | $1,395 | $1,502 | $1,604 | $2,089 | $2,765 |
| Operating Income | $257 | $531 | $565 | $876 | $1,345 |
| Net Income | $133 | $384 | $406 | $633 | $1,007 |
Over the past five years, EMCOR Group, Inc. has demonstrated consistent revenue growth, expanding from approximately $8.80 billion in 2020 to nearly $14.57 billion in 2024. This upward trajectory indicates a compound growth rate that has steadily improved the company’s top line across the period. Notably, while gross profit increased from about $1.40 billion to $2.77 billion, the margin improvement suggests that the company not only grew sales but also enhanced its cost control and operational efficiencies. The year-over-year figures reveal several significant jumps: operating income more than doubled from $256.83 million in 2020 to $530.80 million in 2021, and again experienced substantial gains in the subsequent years, with a notable increase to $1,344.86 million in 2024. Net income followed a similar pattern, leaping from $132.94 million in 2020 to $383.53 million in 2021, then showing remarkable increases in later years, reaching $1,007.15 million in 2024. These pronounced improvements, particularly in operating and net income margins, suggest stronger operational leverage and effective cost management. Overall, the financial performance of EMCOR Group, Inc. appears robust and sustainable. The remarkable year-over-year swings—especially the >20% increases in operating and net income—are indicative of successful strategic initiatives and efficient management of operational expenses. Given the context of the construction and engineering services industry, where competitive pressures and cost efficiency are critical, EMCOR’s ability to scale revenues while significantly improving profitability is a positive signal for long-term financial health. The data-driven improvements and expanding margins reflect an organization well-positioned to capitalize on market opportunities and to sustain its growth trajectory in a competitive industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.