EMCOR Group
EMCOR Group returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 43.2% | — | 40.37% | 15.51% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 42.1% | — | 39.25% | 15.21% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 42.89% | — | 38.5% | 14.97% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | 40.98% | — | 37.1% | 14.16% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 40.14% | — | 38.14% | 14.29% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 39.47% | — | 37.76% | 14.23% | — |
| FY 2024 Q4 | Dec 31, 2024 | 59.75% | 40.42% | — | 37.25% | 14.06% | 52 pp |
| FY 2024 Q3 | Sep 30, 2024 | — | 38.99% | — | 36.79% | 13.68% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 35.14% | — | 33.96% | 12.72% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 31.46% | — | 30.71% | 11.66% | — |
| FY 2023 Q4 | Dec 31, 2023 | 36.82% | 29.88% | — | 28.49% | 10.43% | 29.1 pp |
| FY 2023 Q3 | Sep 30, 2023 | 29.73% | 26.38% | — | 26.59% | 9.39% | 22 pp |
| FY 2023 Q2 | Jun 30, 2023 | 25.79% | 23.81% | — | 23.79% | 8.76% | 18.1 pp |
| FY 2023 Q1 | Mar 31, 2023 | 23.23% | 20.96% | 69.87% | 21.15% | 8.17% | 15.5 pp |
| FY 2022 Q4 | Dec 31, 2022 | 23.74% | 19.31% | 36.01% | 19.22% | 7.41% | 16 pp |
| FY 2022 Q3 | Sep 30, 2022 | 21.19% | 18.15% | 17.93% | 19.16% | 7.11% | 13.5 pp |
| FY 2022 Q2 | Jun 30, 2022 | 20.63% | 18.07% | 20.53% | 18.58% | 7.3% | 12.9 pp |
| FY 2022 Q1 | Mar 31, 2022 | 21.19% | 17.41% | 93.69% | 17.49% | 7.23% | 13.5 pp |
| FY 2021 Q4 | Dec 31, 2021 | 24.66% | 17.75% | 93.6% | 17.82% | 7.3% | 17 pp |
| FY 2021 Q3 | Sep 30, 2021 | 21.59% | 17.82% | 152.95% | 17.43% | 7.14% | 13.9 pp |
| FY 2021 Q2 | Jun 30, 2021 | 18.73% | 18.15% | — | 16.02% | 6.65% | 11 pp |
| FY 2021 Q1 | Mar 31, 2021 | 7.53% | 8.9% | — | 6.85% | 2.87% | -0.2 pp |
| FY 2020 Q4 | Dec 31, 2020 | 7.87% | 8.87% | — | 6.47% | 2.69% | 0.2 pp |
| FY 2020 Q3 | Sep 30, 2020 | 8.26% | 8.66% | — | 7.04% | 2.99% | 0.6 pp |
| FY 2020 Q2 | Jun 30, 2020 | 8.9% | 8.11% | — | 8.38% | 3.58% | 1.2 pp |
| FY 2020 Q1 | Mar 31, 2020 | 16.58% | 16.43% | 8% | 17.11% | 7.21% | 8.9 pp |
| FY 2019 Q4 | Dec 31, 2019 | 18.04% | 17.57% | 12.02% | 17.12% | 7.29% | 10.3 pp |
| FY 2019 Q3 | Sep 30, 2019 | 18.03% | 17.56% | 38.13% | 16.85% | 7.41% | 10.3 pp |
| FY 2019 Q2 | Jun 30, 2019 | 17.39% | 17.72% | 28.47% | 17.29% | 7.59% | 9.7 pp |
| FY 2019 Q1 | Mar 31, 2019 | 17.63% | 17.32% | 32.98% | 17.17% | 7.4% | 9.9 pp |
| FY 2018 Q4 | Dec 31, 2018 | 18.29% | 17.27% | 35.31% | 16.61% | 7.04% | 10.6 pp |
| FY 2018 Q3 | Sep 30, 2018 | 16.34% | 14.05% | 24.57% | 15.24% | 6.5% | 8.6 pp |
| FY 2018 Q2 | Jun 30, 2018 | 15.13% | 14.06% | 33.5% | 14.73% | 6.32% | 7.4 pp |
| FY 2018 Q1 | Mar 31, 2018 | 14.49% | 14.01% | — | 14.26% | 6.01% | 6.8 pp |
| FY 2017 Q4 | Dec 31, 2017 | 15.7% | 14.07% | 216.61% | 14.15% | 5.78% | 8 pp |
| FY 2017 Q3 | Sep 30, 2017 | 14.27% | 14.67% | — | 13.42% | 5.46% | 6.6 pp |
| FY 2017 Q2 | Jun 30, 2017 | 13.14% | 14.05% | — | 12.95% | 5.27% | 5.4 pp |
| FY 2017 Q1 | Mar 31, 2017 | 13.87% | 15.04% | 13.16% | 13.28% | 5.52% | 6.2 pp |
| FY 2016 Q4 | Dec 31, 2016 | 13.73% | 13.66% | 8.18% | 12.07% | 4.89% | 6 pp |
| FY 2016 Q3 | Sep 30, 2016 | 13.36% | 13.76% | 13.32% | 12.44% | 5.21% | 5.7 pp |
| FY 2016 Q2 | Jun 30, 2016 | 12.37% | 13.27% | 6.78% | 12.13% | 5.05% | 4.7 pp |
| FY 2016 Q1 | Mar 31, 2016 | 12.81% | 13.58% | 90.93% | 11.95% | 5.14% | 5.1 pp |
| FY 2015 Q4 | Dec 31, 2015 | 13.44% | 13.55% | — | 11.91% | 4.97% | 5.7 pp |
| FY 2015 Q3 | Sep 30, 2015 | 12.18% | 12.72% | — | 10.83% | 4.73% | 4.5 pp |
| FY 2015 Q2 | Jun 30, 2015 | 12.23% | 12.88% | — | 11.13% | 4.9% | 4.5 pp |
| FY 2015 Q1 | Mar 31, 2015 | 11.95% | 12.59% | — | 10.9% | 4.77% | 4.2 pp |
| FY 2014 Q4 | Dec 31, 2014 | 13.44% | 13.57% | — | 11.7% | 4.92% | 5.7 pp |
| FY 2014 Q3 | Sep 30, 2014 | 12.9% | 12.7% | 163.73% | 11.73% | 4.96% | 5.2 pp |
| FY 2014 Q2 | Jun 30, 2014 | 13.14% | 12.77% | 5.48% | 10.5% | 4.72% | 5.4 pp |
| FY 2014 Q1 | Mar 31, 2014 | 11.41% | 11.3% | -2.17% | 9.32% | 4.2% | 3.7 pp |
| FY 2013 Q4 | Dec 31, 2013 | 11.48% | 10.57% | -3.62% | 8.8% | 3.77% | 3.8 pp |
| FY 2013 Q3 | Sep 30, 2013 | 10.73% | 11.05% | -3.69% | 9.07% | 3.79% | 3 pp |
| FY 2013 Q2 | Jun 30, 2013 | 13.73% | 13.1% | 15.45% | 10.26% | 4.52% | 6 pp |
| FY 2013 Q1 | Mar 31, 2013 | 15.03% | 14.37% | 31.94% | 11.35% | 5.02% | 7.3 pp |
| FY 2012 Q4 | Dec 31, 2012 | 16.68% | 14.3% | 101.27% | 11.36% | 4.79% | 9 pp |
| FY 2012 Q3 | Sep 30, 2012 | 14.81% | 13.58% | 10.89% | 10.7% | 4.6% | 7.1 pp |
| FY 2012 Q2 | Jun 30, 2012 | 13.81% | 13.17% | — | 11.08% | 4.71% | 6.1 pp |
| FY 2012 Q1 | Mar 31, 2012 | — | 13.08% | — | 10.94% | 4.68% | — |
| FY 2011 Q4 | Dec 31, 2011 | 17.48% | 13.15% | — | 10.96% | 4.53% | 9.8 pp |
| FY 2011 Q3 | Sep 30, 2011 | — | 13.81% | — | 11.43% | 4.85% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | -0.88% | — | -6.6% | -2.88% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · EME, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.