Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Signed work already exceeds a full year of sales
Backlog reached a record $18.57B, so the near-term question is less about winning work than staffing and delivering it.
For investorsWhat the record backlog depends on from here
For foundersThe playbook for scaling a contractor with almost no debt
Wider gross margins and slower-growing overhead meant each added dollar of work earned more, and this quarter extended the pattern.
Operating cash flow was nearly twice net income this quarter after almost none in the first, so one quarter alone says little.
Capital spending was 0.67% of revenue, so most operating profit can become cash for acquisitions, buybacks and dividends.
Unlock the financial breakdown, competitive insights, historical trends and founder playbook, plus research across the company library.
Free CXProWealth membership required
Business Lens describes Emcor from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
