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Emcor (EME) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Emcor. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Emcor’s most recent SEC filings.

Revenue FY30
$18.68B
from $12.58B
FCF FY30
$566.3M
Margin 3.0%
Enterprise value
$7.76B
0.6× LTM revenue
Equity value
$7.97B
Net debt -$209.2M
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
8.2%
-10.0%baseline 8.2%40.0%
Gross margin
15.4%
5.0%baseline 15.4%90.0%
Capex % of revenue
0.5%
0.0%baseline 0.5%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Emcor forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What services does Emcor Group Inc. provide?+

Emcor Group, Inc. is a leading specialty contractor in the United States, offering electrical and mechanical construction, industrial and energy infrastructure, and building services. The company designs, installs, operates, and maintains complex systems like HVAC, electrical, and plumbing for commercial, industrial, healthcare, and institutional clients.

How does Emcor generate its revenue?+

Emcor generates revenue through its four primary ongoing segments: US Electrical Construction, US Mechanical Construction, US Building Services, and US Industrial Services. Revenue growth is driven by the conversion of remaining performance obligations (backlog) and benefits from secular tailwinds such as data center construction.

What is Emcor's capital expenditure strategy?+

Emcor operates an asset-light business model, with capital expenditures typically ranging from 0.5% to 1.0% of revenue. These expenditures are almost entirely for maintenance, focusing on replacing vehicle fleets, IT systems, and tools rather than major construction.

What is the primary purpose of the Emcor financial model?+

The Emcor financial model serves as a comprehensive equity valuation and scenario planning tool for analysts. It enables forecasting of earnings and cash flow based on factors like backlog conversion, segment-level margin sustainability, and capital allocation strategies.

Is a downloadable financial model available for Emcor?+

Yes, an Excel-based financial model for Emcor is available for download. This model provides a detailed framework for analysts to perform their own forecasts and scenario planning for the company's financial performance.

How do acquisitions affect Emcor's balance sheet?+

Acquisitions significantly impact Emcor's balance sheet, with goodwill and identifiable intangible assets often representing a large portion of total assets. The company is a serial acquirer, frequently executing bolt-on deals and occasional transformational acquisitions.

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