Emcor vs Jacobs Solutions
Emcor reported revenue of $17.0 billion in fiscal 2025, 1.4 times Jacobs Solutions' $12.0 billion in fiscal 2025. Emcor's revenue grew 16.6% in its latest year, and Jacobs Solutions' grew 4.6%. Emcor had an operating margin of 10.1%, against 7.2% at Jacobs Solutions. Free cash flow was $1.2 billion at Emcor and $607 million at Jacobs Solutions. Their fiscal years end in different months (December 31 and September 26), so the periods don't line up exactly.
Side by side
| Emcor | Jacobs Solutions | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Sep 26, 2025 |
| Revenue | $17.0B | $12.0B |
| Revenue growth | 16.6% | 4.6% |
| Revenue growth a year, last 5 years | 14.1% | −2.4% |
| Gross margin | 19.3% | 24.8% |
| Operating margin | 10.1% | 7.2% |
| Net margin | 7.5% | 2.4% |
| Free cash flow | $1.2B | $607M |
| Free cash flow margin | 7.0% | 5.0% |
| Return on capital | 60.7% | 10.1% |
| Net debt to EBITDA | −0.6x | 1.1x |
| Dividends and buybacks | $631M | $907M |
| Change in diluted share count | −3.5% | −3.1% |
| Last close | $665.93 | $147.14 |
| P/E at the last close | 20.7× | 51.6× |
| Insider trades, last 12 months | bought $2,300, sold $40.8 million | bought $813,529, sold $2.7 million |
| Piotroski F-score | 6 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
EmcorJacobs Solutions
Operating margin
Percent of revenue
EmcorJacobs Solutions
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EmcorJacobs Solutions
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Emcor and Jacobs Solutions pages.