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 five-year period, EMCOR Group, Inc. has demonstrated robust growth across its key income statement metrics. Revenues increased steadily from approximately USD 8.80 billion in 2020 to USD 14.57 billion in 2024, reflecting a compound annual growth rate that underscores a positive market position. Gross profit also trended upward—from USD 1.40 billion in 2020 to over USD 2.77 billion in 2024—with a particularly notable jump from USD 2.09 billion in 2023 to USD 2.77 billion in 2024, indicating improved cost management or enhanced operational efficiencies. Operating income experienced an especially significant surge, more than doubling from USD 256.8 million in 2020 to USD 530.8 million in 2021 (an increase of over 100%), before continuing to grow, reaching USD 1.34 billion by 2024. This marked acceleration suggests that the company has achieved better operational leverage or efficiency, possibly driven by scale effects or successful restructuring efforts. Net income growth followed a similar upward trajectory, rising from USD 132.9 million in 2020 to USD 1.01 billion in 2024. Noteworthy is the sharp year-over-year increase of approximately 188% between 2020 and 2021, followed by consistent improvements each subsequent year. Overall, the sustained increases in revenue, gross profit, operating income, and net income reflect strong financial health. These performance trends, in the context of the construction and facilities services industry where cost control, client diversification, and operational efficiency are key, suggest EMCOR Group is well-positioned to maintain its growth trajectory and financial sustainability moving forward.
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.