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DC Infra·EME

EMCOR Group, Inc.

NYSE · US

Mechanical and electrical construction services company serving data centers, industrial facilities, and critical infrastructure.

AI relevance

Electrical and mechanical contractor for AI data center construction and fit-out.

DC Infra Integration Construction Other

Price

$660.41

Change

-38.76 (-5.54%)

Market cap

$29.1B

52w range

$565–$952

Exchange

NYSE

Country

Jason's Chips

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Price chart

EME market performance

Daily close for EMCOR Group, Inc.

Latest close: $660.4
Range move: -$2.52 (-0.4%)
Range high: $943.8
Range low: $581.6
Latest volume: 644.5K
Source: FMP EOD

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Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1254 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

64 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetBuy

Analyst expectations

Consensus target

$1012.00

+53.2%

Target range

$795.00 - $1200.00

Rating mix

Buy

14 ratings

Next FY revenue

$20.34B

2026-12-31

Next FY EPS

$32.99

$32.63 - $33.85

Rating consensus14 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$20.34B	$20.21B - $20.52B	$32.99	$32.63 - $33.85	$2.23B	$2.06B	$1.50B	$1.97B	7 rev / 8 EPS
2027-12-31	$22.60B	$21.78B - $23.13B	$37.37	$35.91 - $38.48	$2.42B	$2.26B	$1.65B	$2.19B	7 rev / 8 EPS
2028-12-31	$24.44B	$23.49B - $25.52B	$42.40	$41.76 - $43.04	$2.79B	$2.64B	$1.92B	$2.37B	4 rev / 2 EPS
2029-12-31	$25.95B	$25.28B - $26.48B	$47.98	$46.36 - $49.24	$3.12B	$2.97B	$2.16B	$2.52B	2 rev / 1 EPS
2030-12-31	$27.62B	$26.90B - $28.18B	$53.42	$51.61 - $54.83	$3.46B	$3.31B	$2.41B	$2.68B	2 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-30	$5.36B	$5.31B - $5.43B	$8.71	$8.50 - $8.91	$584.4M	$532.8M	$387.8M	$520.0M	6 rev / 6 EPS
2027-03-30	$5.27B	$5.20B - $5.35B	$7.91	$7.79 - $8.07	$534.6M	$484.1M	$352.3M	$510.4M	3 rev / 2 EPS
2027-06-30	$5.71B	$5.64B - $5.80B	$9.93	$9.78 - $10.12	$656.8M	$607.3M	$442.2M	$553.5M	3 rev / 2 EPS
2027-09-30	$5.62B	$5.55B - $5.70B	$9.20	$9.06 - $9.38	$611.3M	$562.9M	$409.8M	$544.3M	3 rev / 2 EPS
2027-12-30	$5.78B	$5.71B - $5.87B	$9.80	$9.65 - $10.00	$647.1M	$599.6M	$436.6M	$560.0M	3 rev / 2 EPS
2028-03-30	$5.90B	$5.83B - $5.99B	$9.92	$9.77 - $10.12	$653.7M	$607.0M	$442.0M	$571.6M	4 rev / 5 EPS
2028-06-30	$6.33B	$6.26B - $6.43B	$11.45	$11.27 - $11.67	$746.2M	$700.2M	$510.0M	$613.8M	4 rev / 5 EPS
2028-09-30	$6.46B	$6.38B - $6.56B	$12.28	$12.10 - $12.53	$796.6M	$751.3M	$547.2M	$625.8M	4 rev / 5 EPS

Price target history

Window	Targets	Average target
Last month	1	$795.00
Last quarter	5	$1030.80
Last year	13	$930.69
All time	14	$917.79

Sources: StreetInsider

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-20	Goldman Sachs	Maintain	Neutral	Neutral
2026-08-10	Cantor Fitzgerald	Maintain	Overweight	Overweight
2026-07-31	UBS	Maintain	Buy	Buy
2026-07-31	Oppenheimer	Maintain	Outperform	Outperform
2026-06-16	Cantor Fitzgerald	Maintain	Overweight	Overweight
2026-03-06	UBS	Maintain	Buy	Buy
2026-03-03	Stifel	Maintain	Buy	Buy
2026-02-27	DA Davidson	Maintain	Buy	Buy

Historical rating snapshots

Date	Buy	Hold
2026-10-01	7	3
2026-09-01	7	3
2026-08-01	7	3
2026-07-01	7	3
2026-06-01	7	3
2026-05-01	7	3
2026-04-01	7	3
2026-03-01	7	3

FinancialsFY 2025

Financials

Revenue

$16.99B

Gross margin

19.3%

Operating income

$1.71B

Free cash flow

$1.19B

Cash + ST investments

$1.11B

Net debt

-$643.8M

ROE

34.6%

ROIC

28.0%

EV / sales

1.6x

EV / EBITDA

15.3x

R&D / revenue

0.0%

Current ratio

1.2x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$16.99B	$3.28B	19.3%	$0	$1.71B	$1.76B	$1.27B	$28.19
FY 2024	$14.57B	$2.77B	19.0%	$0	$1.34B	$1.51B	$1.01B	$21.61
FY 2023	$12.58B	$2.09B	16.6%	$0	$875.8M	$1.01B	$633.0M	$13.37
FY 2022	$11.08B	$1.60B	14.5%	$0	$564.9M	$680.6M	$406.1M	$8.13
FY 2021	$9.90B	$1.50B	15.2%	$0	$530.8M	$647.8M	$383.5M	$7.09
FY 2020	$8.80B	$1.40B	15.9%	$0	$256.8M	$368.0M	$132.9M	$2.41
FY 2019	$9.17B	$1.36B	14.8%	$0	$460.9M	$556.8M	$325.1M	$5.78
FY 2018	$8.13B	$1.21B	14.8%	$0	$403.1M	$489.5M	$283.5M	$4.88
FY 2017	$7.69B	$1.15B	14.9%	$0	$328.9M	$420.0M	$227.2M	$3.84
FY 2016	$7.55B	$1.04B	13.7%	$0	$306.9M	$388.9M	$181.9M	$3.00
FY 2015	$6.72B	$944.5M	14.1%	$0	$287.1M	$361.9M	$172.3M	$2.74
FY 2014	$6.42B	$907.2M	14.1%	$0	$289.9M	$365.2M	$168.7M	$2.54

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$1.30B	$112.8M	$1.19B
FY 2024	$1.41B	$75.0M	$1.33B
FY 2023	$899.7M	$78.4M	$821.3M
FY 2022	$497.9M	$49.3M	$448.6M
FY 2021	$318.8M	$36.2M	$282.6M
FY 2020	$806.4M	$48.0M	$758.4M
FY 2019	$355.7M	$48.4M	$307.3M
FY 2018	$271.0M	$43.5M	$227.5M
FY 2017	$366.1M	$34.7M	$331.4M
FY 2016	$264.6M	$39.6M	$224.9M
FY 2015	$266.7M	$35.5M	$231.2M
FY 2014	$246.7M	$38.0M	$208.6M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$1.11B	$4.58B	$126.3M	$692.3M	$9.29B	$468.2M	-$643.8M	$5.62B	$3.67B
FY 2024	$1.34B	$3.86B	$95.7M	$523.6M	$7.72B	$348.9M	-$990.6M	$4.78B	$2.94B
FY 2023	$789.8M	$3.47B	$110.8M	$489.9M	$6.61B	$345.3M	-$444.5M	$4.14B	$2.47B
FY 2022	$456.4M	$2.84B	$85.6M	$425.9M	$5.52B	$535.2M	$78.7M	$3.55B	$1.97B
FY 2021	$821.3M	$2.43B	$54.1M	$412.8M	$5.44B	$540.3M	-$281.0M	$3.19B	$2.25B
FY 2020	$902.9M	$2.09B	$53.3M	$400.6M	$5.06B	$535.5M	-$367.3M	$3.01B	$2.05B
FY 2019	$358.8M	$2.21B	$40.4M	$401.7M	$4.83B	$570.3M	$211.5M	$2.77B	$2.06B
FY 2018	$363.9M	$1.93B	$42.3M	$134.4M	$4.09B	$295.8M	-$68.1M	$2.35B	$1.74B
FY 2017	$467.4M	$1.73B	$42.7M	$127.2M	$3.97B	$310.1M	-$157.3M	$2.29B	$1.67B
FY 2016	$464.6M	$1.63B	$37.4M	$128.0M	$3.89B	$423.3M	-$41.3M	$2.31B	$1.54B
FY 2015	$486.8M	$1.48B	$37.5M	$122.0M	$3.55B	$315.1M	-$171.7M	$2.06B	$1.48B
FY 2014	$432.1M	$1.34B	$46.9M	$122.2M	$3.39B	$335.4M	-$96.6M	$1.96B	$1.42B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	19.3%	10.1%	7.5%	1.2x	1.2x	34.6%	28.0%	1.6x	15.3x	4.3%	0.0%	69d
FY 2024	19.0%	9.2%	6.9%	1.3x	1.3x	34.3%	27.0%	1.4x	13.3x	6.3%	0.0%	71d
FY 2023	16.6%	7.0%	5.0%	1.3x	1.2x	25.6%	20.0%	0.8x	9.7x	8.0%	0.0%	72d
FY 2022	14.5%	5.1%	3.7%	1.3x	1.2x	20.6%	14.4%	0.7x	11.0x	6.1%	0.0%	64d
FY 2021	15.2%	5.4%	3.9%	1.4x	1.4x	17.0%	12.2%	0.7x	10.2x	4.1%	0.0%	60d
FY 2020	15.9%	2.9%	1.5%	1.4x	1.4x	6.5%	4.6%	0.5x	12.7x	15.0%	0.0%	56d
FY 2019	14.8%	5.0%	3.5%	1.4x	1.4x	15.8%	11.2%	0.6x	9.1x	6.3%	0.0%	59d
FY 2018	14.8%	5.0%	3.5%	1.4x	1.4x	16.3%	12.3%	0.4x	6.9x	6.6%	0.0%	55d
FY 2017	14.9%	4.3%	3.0%	1.4x	1.4x	13.6%	10.1%	0.6x	11.2x	6.8%	0.0%	53d
FY 2016	13.7%	4.1%	2.4%	1.5x	1.4x	11.8%	8.0%	0.6x	11.0x	5.2%	0.0%	53d
FY 2015	14.1%	4.3%	2.6%	1.5x	1.4x	11.7%	8.3%	0.4x	7.9x	7.7%	0.0%	52d
FY 2014	14.1%	4.5%	2.6%	1.5x	1.4x	11.9%	8.6%	0.4x	7.8x	7.1%	0.0%	49d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+16.6%	+18.7%	0.0%	+27.4%	+26.4%	+30.4%	-10.8%	-50.4%	-17.0%	+32.0%	+20.4%	+34.2%
FY 2024	+15.8%	+32.3%	0.0%	+53.6%	+59.1%	+61.6%	+62.3%	+4.4%	+69.6%	-13.6%	+16.7%	+1.1%
FY 2023	+13.6%	+30.3%	0.0%	+55.0%	+55.9%	+64.5%	+83.1%	-59.1%	+73.0%	+29.3%	+19.6%	-35.5%
FY 2022	+11.8%	+6.8%	0.0%	+6.4%	+5.9%	+14.7%	+58.7%	-36.2%	-44.4%	+58.3%	+1.5%	-1.0%
FY 2021	+12.6%	+7.6%	0.0%	+106.7%	+188.5%	+194.2%	-62.7%	+24.6%	-9.0%	+1.4%	+7.5%	+0.9%
FY 2020	-4.1%	+2.9%	0.0%	-44.3%	-59.1%	-58.3%	+146.8%	+1.0%	+151.6%	+31.9%	+4.8%	-6.1%
FY 2019	+12.8%	+12.5%	0.0%	+14.3%	+14.7%	+18.4%	+35.0%	-11.4%	-1.4%	-4.4%	+18.1%	+92.8%
FY 2018	+5.8%	+5.1%	0.0%	+22.6%	+24.8%	+27.1%	-31.4%	-25.4%	-22.1%	-0.9%	+3.1%	-4.6%
FY 2017	+1.8%	+10.5%	0.0%	+7.2%	+24.9%	+28.0%	+47.4%	+12.5%	+0.6%	+14.2%	+1.8%	-26.7%
FY 2016	+12.4%	+9.9%	0.0%	+6.9%	+5.6%	+9.5%	-2.7%	-11.8%	-4.6%	-0.3%	+9.8%	+34.3%
FY 2015	+4.6%	+4.1%	0.0%	-1.0%	+2.1%	+7.9%	+10.8%	+6.8%	+12.7%	-19.9%	+4.6%	-6.1%
FY 2014	+0.1%	+11.6%	0.0%	+20.6%	+36.2%	+37.3%	+82.1%	-7.1%	-1.8%	-10.1%	-2.2%	-5.4%

SegmentsFY 2025

Revenue Mix

Period	Total	United States Mechanical Construction And Facilities Services	United States Electrical Construction And Facilities Services	United States Building Services	United States Operations	United States Industrial Services	United States Facilities Services	United Kingdom Building Services	United Kingdom Construction And Facilities Services	Other International Construction And Facilities Services
FY 2025	$17.19B	$7.12B	$5.14B	$3.17B	--	$1.29B	--	$471.3M	--	--
FY 2024	$14.71B	$6.46B	$3.37B	$3.17B	--	$1.28B	--	$425.5M	--	--
FY 2023	$12.77B	$5.13B	$2.79B	$3.23B	--	$1.18B	--	$436.4M	--	--
FY 2022	$11.29B	$4.37B	$2.44B	$2.82B	--	$1.18B	--	$477.1M	--	--
FY 2021	$10.05B	$3.94B	$2.02B	$2.56B	--	$1.02B	--	$510.0M	--	--
FY 2020	$8.91B	$3.50B	$1.98B	$2.19B	--	$812.8M	--	$430.6M	--	--
FY 2019	$9.01B	$3.37B	$2.22B	$2.18B	--	$1.11B	--	$124.2M	--	--
FY 2018	$7.83B	$3.06B	$1.96B	$1.94B	--	$867.8M	--	--	--	--
FY 2012	$12.24B	$2.32B	$1.23B	--	$5.81B	--	$2.33B	--	$538.8M	$0
FY 2011	$10.74B	$1.91B	$1.16B	--	$5.08B	--	$2.05B	--	$529.0M	--

Period	Total	UNITED STATES
FY 2025	$16.52B	$16.52B
FY 2024	$14.14B	$14.14B
FY 2023	$12.15B	$12.15B
FY 2022	$10.60B	$10.60B
FY 2021	$9.39B	$9.39B
FY 2020	$8.37B	$8.37B
FY 2019	$8.75B	$8.75B
FY 2018	$7.72B	$7.72B
FY 2017	$2.99B	$2.99B
FY 2016	$2.68B	$2.68B
FY 2015	$2.33B	$2.33B
FY 2014	$2.22B	$2.22B

Transcripts

Events

Next earnings

2026-10-29EPS est $8.37

Recent filings

42026-10-19
42026-08-03
42026-08-03

Latest news

Here's Why Emcor Group (EME) Fell More Than Broader Market
Zacks Investment Research · 2026-10-22
Can EMCOR's Execution Excellence Continue Defying Construction Cycles?
Zacks Investment Research · 2026-10-20

Analyst expectations

Consensus target

$1012.00

+53.2%

Target range

$795.00 - $1200.00

Rating mix

Buy

14 ratings

Next FY revenue

$20.34B

2026-12-31

Next FY EPS

$32.99

$32.63 - $33.85

Rating consensus14 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$20.34B	$20.21B - $20.52B	$32.99	$32.63 - $33.85	$2.23B	$2.06B	$1.50B	$1.97B	7 rev / 8 EPS
2027-12-31	$22.60B	$21.78B - $23.13B	$37.37	$35.91 - $38.48	$2.42B	$2.26B	$1.65B	$2.19B	7 rev / 8 EPS
2028-12-31	$24.44B	$23.49B - $25.52B	$42.40	$41.76 - $43.04	$2.79B	$2.64B	$1.92B	$2.37B	4 rev / 2 EPS
2029-12-31	$25.95B	$25.28B - $26.48B	$47.98	$46.36 - $49.24	$3.12B	$2.97B	$2.16B	$2.52B	2 rev / 1 EPS
2030-12-31	$27.62B	$26.90B - $28.18B	$53.42	$51.61 - $54.83	$3.46B	$3.31B	$2.41B	$2.68B	2 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-30	$5.36B	$5.31B - $5.43B	$8.71	$8.50 - $8.91	$584.4M	$532.8M	$387.8M	$520.0M	6 rev / 6 EPS
2027-03-30	$5.27B	$5.20B - $5.35B	$7.91	$7.79 - $8.07	$534.6M	$484.1M	$352.3M	$510.4M	3 rev / 2 EPS
2027-06-30	$5.71B	$5.64B - $5.80B	$9.93	$9.78 - $10.12	$656.8M	$607.3M	$442.2M	$553.5M	3 rev / 2 EPS
2027-09-30	$5.62B	$5.55B - $5.70B	$9.20	$9.06 - $9.38	$611.3M	$562.9M	$409.8M	$544.3M	3 rev / 2 EPS
2027-12-30	$5.78B	$5.71B - $5.87B	$9.80	$9.65 - $10.00	$647.1M	$599.6M	$436.6M	$560.0M	3 rev / 2 EPS
2028-03-30	$5.90B	$5.83B - $5.99B	$9.92	$9.77 - $10.12	$653.7M	$607.0M	$442.0M	$571.6M	4 rev / 5 EPS
2028-06-30	$6.33B	$6.26B - $6.43B	$11.45	$11.27 - $11.67	$746.2M	$700.2M	$510.0M	$613.8M	4 rev / 5 EPS
2028-09-30	$6.46B	$6.38B - $6.56B	$12.28	$12.10 - $12.53	$796.6M	$751.3M	$547.2M	$625.8M	4 rev / 5 EPS

Price target history

Window	Targets	Average target
Last month	1	$795.00
Last quarter	5	$1030.80
Last year	13	$930.69
All time	14	$917.79

Sources: StreetInsider

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-20	Goldman Sachs	Maintain	Neutral	Neutral
2026-08-10	Cantor Fitzgerald	Maintain	Overweight	Overweight
2026-07-31	UBS	Maintain	Buy	Buy
2026-07-31	Oppenheimer	Maintain	Outperform	Outperform
2026-06-16	Cantor Fitzgerald	Maintain	Overweight	Overweight
2026-03-06	UBS	Maintain	Buy	Buy
2026-03-03	Stifel	Maintain	Buy	Buy
2026-02-27	DA Davidson	Maintain	Buy	Buy

Historical rating snapshots

Date	Buy	Hold
2026-10-01	7	3
2026-09-01	7	3
2026-08-01	7	3
2026-07-01	7	3
2026-06-01	7	3
2026-05-01	7	3
2026-04-01	7	3
2026-03-01	7	3

Financials

Revenue

$16.99B

Gross margin

19.3%

Operating income

$1.71B

Free cash flow

$1.19B

Cash + ST investments

$1.11B

Net debt

-$643.8M

ROE

34.6%

ROIC

28.0%

EV / sales

1.6x

EV / EBITDA

15.3x

R&D / revenue

0.0%

Current ratio

1.2x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$16.99B	$3.28B	19.3%	$0	$1.71B	$1.76B	$1.27B	$28.19
FY 2024	$14.57B	$2.77B	19.0%	$0	$1.34B	$1.51B	$1.01B	$21.61
FY 2023	$12.58B	$2.09B	16.6%	$0	$875.8M	$1.01B	$633.0M	$13.37
FY 2022	$11.08B	$1.60B	14.5%	$0	$564.9M	$680.6M	$406.1M	$8.13
FY 2021	$9.90B	$1.50B	15.2%	$0	$530.8M	$647.8M	$383.5M	$7.09
FY 2020	$8.80B	$1.40B	15.9%	$0	$256.8M	$368.0M	$132.9M	$2.41
FY 2019	$9.17B	$1.36B	14.8%	$0	$460.9M	$556.8M	$325.1M	$5.78
FY 2018	$8.13B	$1.21B	14.8%	$0	$403.1M	$489.5M	$283.5M	$4.88
FY 2017	$7.69B	$1.15B	14.9%	$0	$328.9M	$420.0M	$227.2M	$3.84
FY 2016	$7.55B	$1.04B	13.7%	$0	$306.9M	$388.9M	$181.9M	$3.00
FY 2015	$6.72B	$944.5M	14.1%	$0	$287.1M	$361.9M	$172.3M	$2.74
FY 2014	$6.42B	$907.2M	14.1%	$0	$289.9M	$365.2M	$168.7M	$2.54

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$1.30B	$112.8M	$1.19B
FY 2024	$1.41B	$75.0M	$1.33B
FY 2023	$899.7M	$78.4M	$821.3M
FY 2022	$497.9M	$49.3M	$448.6M
FY 2021	$318.8M	$36.2M	$282.6M
FY 2020	$806.4M	$48.0M	$758.4M
FY 2019	$355.7M	$48.4M	$307.3M
FY 2018	$271.0M	$43.5M	$227.5M
FY 2017	$366.1M	$34.7M	$331.4M
FY 2016	$264.6M	$39.6M	$224.9M
FY 2015	$266.7M	$35.5M	$231.2M
FY 2014	$246.7M	$38.0M	$208.6M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$1.11B	$4.58B	$126.3M	$692.3M	$9.29B	$468.2M	-$643.8M	$5.62B	$3.67B
FY 2024	$1.34B	$3.86B	$95.7M	$523.6M	$7.72B	$348.9M	-$990.6M	$4.78B	$2.94B
FY 2023	$789.8M	$3.47B	$110.8M	$489.9M	$6.61B	$345.3M	-$444.5M	$4.14B	$2.47B
FY 2022	$456.4M	$2.84B	$85.6M	$425.9M	$5.52B	$535.2M	$78.7M	$3.55B	$1.97B
FY 2021	$821.3M	$2.43B	$54.1M	$412.8M	$5.44B	$540.3M	-$281.0M	$3.19B	$2.25B
FY 2020	$902.9M	$2.09B	$53.3M	$400.6M	$5.06B	$535.5M	-$367.3M	$3.01B	$2.05B
FY 2019	$358.8M	$2.21B	$40.4M	$401.7M	$4.83B	$570.3M	$211.5M	$2.77B	$2.06B
FY 2018	$363.9M	$1.93B	$42.3M	$134.4M	$4.09B	$295.8M	-$68.1M	$2.35B	$1.74B
FY 2017	$467.4M	$1.73B	$42.7M	$127.2M	$3.97B	$310.1M	-$157.3M	$2.29B	$1.67B
FY 2016	$464.6M	$1.63B	$37.4M	$128.0M	$3.89B	$423.3M	-$41.3M	$2.31B	$1.54B
FY 2015	$486.8M	$1.48B	$37.5M	$122.0M	$3.55B	$315.1M	-$171.7M	$2.06B	$1.48B
FY 2014	$432.1M	$1.34B	$46.9M	$122.2M	$3.39B	$335.4M	-$96.6M	$1.96B	$1.42B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	19.3%	10.1%	7.5%	1.2x	1.2x	34.6%	28.0%	1.6x	15.3x	4.3%	0.0%	69d
FY 2024	19.0%	9.2%	6.9%	1.3x	1.3x	34.3%	27.0%	1.4x	13.3x	6.3%	0.0%	71d
FY 2023	16.6%	7.0%	5.0%	1.3x	1.2x	25.6%	20.0%	0.8x	9.7x	8.0%	0.0%	72d
FY 2022	14.5%	5.1%	3.7%	1.3x	1.2x	20.6%	14.4%	0.7x	11.0x	6.1%	0.0%	64d
FY 2021	15.2%	5.4%	3.9%	1.4x	1.4x	17.0%	12.2%	0.7x	10.2x	4.1%	0.0%	60d
FY 2020	15.9%	2.9%	1.5%	1.4x	1.4x	6.5%	4.6%	0.5x	12.7x	15.0%	0.0%	56d
FY 2019	14.8%	5.0%	3.5%	1.4x	1.4x	15.8%	11.2%	0.6x	9.1x	6.3%	0.0%	59d
FY 2018	14.8%	5.0%	3.5%	1.4x	1.4x	16.3%	12.3%	0.4x	6.9x	6.6%	0.0%	55d
FY 2017	14.9%	4.3%	3.0%	1.4x	1.4x	13.6%	10.1%	0.6x	11.2x	6.8%	0.0%	53d
FY 2016	13.7%	4.1%	2.4%	1.5x	1.4x	11.8%	8.0%	0.6x	11.0x	5.2%	0.0%	53d
FY 2015	14.1%	4.3%	2.6%	1.5x	1.4x	11.7%	8.3%	0.4x	7.9x	7.7%	0.0%	52d
FY 2014	14.1%	4.5%	2.6%	1.5x	1.4x	11.9%	8.6%	0.4x	7.8x	7.1%	0.0%	49d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+16.6%	+18.7%	0.0%	+27.4%	+26.4%	+30.4%	-10.8%	-50.4%	-17.0%	+32.0%	+20.4%	+34.2%
FY 2024	+15.8%	+32.3%	0.0%	+53.6%	+59.1%	+61.6%	+62.3%	+4.4%	+69.6%	-13.6%	+16.7%	+1.1%
FY 2023	+13.6%	+30.3%	0.0%	+55.0%	+55.9%	+64.5%	+83.1%	-59.1%	+73.0%	+29.3%	+19.6%	-35.5%
FY 2022	+11.8%	+6.8%	0.0%	+6.4%	+5.9%	+14.7%	+58.7%	-36.2%	-44.4%	+58.3%	+1.5%	-1.0%
FY 2021	+12.6%	+7.6%	0.0%	+106.7%	+188.5%	+194.2%	-62.7%	+24.6%	-9.0%	+1.4%	+7.5%	+0.9%
FY 2020	-4.1%	+2.9%	0.0%	-44.3%	-59.1%	-58.3%	+146.8%	+1.0%	+151.6%	+31.9%	+4.8%	-6.1%
FY 2019	+12.8%	+12.5%	0.0%	+14.3%	+14.7%	+18.4%	+35.0%	-11.4%	-1.4%	-4.4%	+18.1%	+92.8%
FY 2018	+5.8%	+5.1%	0.0%	+22.6%	+24.8%	+27.1%	-31.4%	-25.4%	-22.1%	-0.9%	+3.1%	-4.6%
FY 2017	+1.8%	+10.5%	0.0%	+7.2%	+24.9%	+28.0%	+47.4%	+12.5%	+0.6%	+14.2%	+1.8%	-26.7%
FY 2016	+12.4%	+9.9%	0.0%	+6.9%	+5.6%	+9.5%	-2.7%	-11.8%	-4.6%	-0.3%	+9.8%	+34.3%
FY 2015	+4.6%	+4.1%	0.0%	-1.0%	+2.1%	+7.9%	+10.8%	+6.8%	+12.7%	-19.9%	+4.6%	-6.1%
FY 2014	+0.1%	+11.6%	0.0%	+20.6%	+36.2%	+37.3%	+82.1%	-7.1%	-1.8%	-10.1%	-2.2%	-5.4%

Revenue Mix