Emcor
EME · Construction & Engineering
$647.66
1.9%MasTec
MTZ · Construction & Engineering
$171.05
0.3%The short version
- Emcor is the larger business, with $17.0B of revenue in fiscal 2025 against $14.3B for MasTec.
- Emcor turned more of its sales into free cash flow (7.0% FCF margin, against 2.0% FCF margin).
- Emcor earned a higher return on the capital invested in it (60.7%, against 11.2%).
- Investors pay more for each dollar of MasTec’s earnings: a P/E of 27.3x against 20.2x for Emcor.
| Latest fiscal year | EME · FY25 | MTZ · FY25 |
|---|---|---|
| Size | ||
| Market cap | $28.9B | $13.5B |
| Revenue | $17.0B | $14.3B |
| Free cash flow | $1.2B | $286M |
| Net income | $1.3B | $399M |
| Growth | ||
| Revenue growth | 16.6% | 16.2% |
| 5-year growth | 14.1% | 17.7% |
| Share count change | −3.6% | −0.2% |
| Profitability | ||
| Gross margin | 19.3% | — |
| Operating margin | 10.1% | — |
| Net margin | 7.5% | 2.8% |
| FCF margin | 7.0% | 2.0% |
| Return on capital | 60.7% | 11.2% |
| Return on equity | 38.5% | 12.9% |
| Balance sheet | ||
| Net debt | −$1.1B | $1.9B |
| Net debt / EBITDA | −0.6x | 1.7x |
| Dividends and buybacks | $631M | $77.3M |
| Valuation & quality | ||
| P/E | 20.2x | 27.3x |
| Piotroski F-score | 6 | 7 |
FY16
EME $7.6B
MTZ $5.1B
FY17
EME $7.7B
MTZ $6.6B
FY18
EME $8.1B
MTZ $6.9B
FY19
EME $9.2B
MTZ $7.2B
FY20
EME $8.8B
MTZ $6.3B
FY21
EME $9.9B
MTZ $8.0B
FY22
EME $11.1B
MTZ $9.8B
FY23
EME $12.6B
MTZ $12.0B
FY24
EME $14.6B
MTZ $12.3B
FY25
EME $17.0B
MTZ $14.3B
EME
MTZ
FY16
EME 4.1%
MTZ —
FY17
EME 4.3%
MTZ —
FY18
EME 5.0%
MTZ —
FY19
EME 5.0%
MTZ —
FY20
EME 2.9%
MTZ —
FY21
EME 5.4%
MTZ —
FY22
EME 5.1%
MTZ —
FY23
EME 7.0%
MTZ —
FY24
EME 9.2%
MTZ —
FY25
EME 10.1%
MTZ —
EME
MTZ
FY16
EME $223M
MTZ $88.5M
FY17
EME $331M
MTZ $20.7M
FY18
EME $228M
MTZ $350M
FY19
EME $307M
MTZ $424M
FY20
EME $758M
MTZ $724M
FY21
EME $283M
MTZ $623M
FY22
EME $449M
MTZ $88.9M
FY23
EME $821M
MTZ $494M
FY24
EME $1.3B
MTZ $973M
FY25
EME $1.2B
MTZ $286M
EME
MTZ
FY16
EME 13.8%
MTZ 8.0%
FY17
EME 15.7%
MTZ 16.7%
FY18
EME 18.3%
MTZ 11.5%
FY19
EME 18.1%
MTZ 15.5%
FY20
EME 7.9%
MTZ 12.3%
FY21
EME 24.7%
MTZ 10.7%
FY22
EME 23.7%
MTZ 2.4%
FY23
EME 36.8%
MTZ 2.3%
FY24
EME 59.8%
MTZ 7.0%
FY25
EME 60.7%
MTZ 11.2%
EME
MTZ
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.