EMCOR Group, Inc. (EME) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in EMCOR Group (EME) by buying shares or fractional shares at any major broker, through an ETF that holds it, or as one holding in a thematic basket. EME is one of the largest US mechanical and electrical (MEP) construction and services firms, riding AI data center and semiconductor fab buildouts alongside Comfort Systems (FIX), plus a cyclical industrial-services arm in refining and power. With consistent margin expansion under long-tenured management, it behaves like a high-quality, backlog-driven cyclical compounder.
EME stock price
As of 2026-07-31, EMCOR Group, Inc. (EME) last closed at $797.43, up 27.7% over the past year. Over the past 52 weeks it has traded between $581.58 and $943.75.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or EMCOR Group, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does EMCOR Group, Inc. (EME) do?
EMCOR Group is one of the largest mechanical and electrical construction service providers in the United States. The company provides design, construction, installation, and service of mechanical, electrical, plumbing, fire protection, and various building infrastructure systems. EMCOR's end markets span commercial buildings, healthcare facilities, education, manufacturing, transportation infrastructure, and increasingly data centers and semiconductor fabs.
EMCOR operates through a network of subsidiaries that retain local brand identity and relationships. The model is similar to Comfort Systems USA but at larger scale and with broader services. The company also has a meaningful Industrial Services segment serving refining, petrochemical, and power generation maintenance. Headquartered in Norwalk, Connecticut. Tony Guzzi has been CEO since 2010.
What's driving EMCOR Group, Inc. (EME)?
1. Data center construction.
AI-driven hyperscaler capex on new data center buildouts is a meaningful growth driver. EMCOR's mechanical and electrical construction expertise aligns with data center MEP requirements. Backlog from data center customers has grown materially.
2. Semiconductor fab and advanced manufacturing.
TSMC, Intel, Samsung, and Micron fab buildouts require massive MEP construction. EMCOR has been winning fab work. Broader advanced manufacturing reshoring provides additional demand.
3. Operating discipline and margin expansion.
Tony Guzzi has prioritized operating discipline and margin expansion throughout his tenure. EMCOR has consistently expanded operating margins through cycle. The discipline has driven strong earnings growth above revenue growth.
4. Capital return.
EMCOR has been a meaningful capital returner through dividends and buybacks. The dividend has grown consistently; buybacks have been opportunistic. Strong free cash flow conversion supports continued capital return.
What are the risks to EMCOR Group, Inc. (EME)?
Construction cyclicality. Hyperscaler AI capex concentration in data center segment. Skilled labor availability constrains capacity to capture demand. Margin pressure during labor inflation periods.
What is the EMCOR Group, Inc. (EME) forecast?
7 analysts publish price targets on EME, averaging $991.57 against a $678.47 price as of July 2026, or +46.1%. The published targets run from $825.00 to $1123.00, a moderate spread, and the ratings split 7 buy, 3 hold, 0 sell. Over the last six months there have been 4 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.
Read the full EME forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.
Is EME a buy or a sell?
We give no verdict on EMCOR Group, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. Data center construction. AI-driven hyperscaler capex on new data center buildouts is a meaningful growth driver. The most optimistic published target, $1123.00, assumes this works close to its best case.
The case against. Construction cyclicality. The most pessimistic target, $825.00, is roughly what EME is worth if this bites instead.
Read the full bull and bear case on EME, including what would have to change to break either one. Walnut is not an investment adviser.
How is EMCOR Group, Inc. (EME) valued? (approximate, early 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see EMCOR Group, Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$15 billion
- Operating margin: ~10% (improving)
- Net income (TTM): ~$1.2 billion
- EPS (TTM): ~$25.00
- P/E (TTM): ~22x
- Price to sales: ~2x
- Dividend yield: ~0.3%, with consistent annual growth
- Free cash flow: ~$1 billion annually
- Backlog: Multi-quarter visibility, record levels
EMCOR trades at a premium to traditional construction contractors but a slight discount to Comfort Systems, reflecting similar end-market exposure with somewhat larger scale and more diversified mix. The multiple has expanded with the AI infrastructure thesis.
Which ETFs hold EMCOR Group, Inc. (EME)?
What themes does EMCOR Group, Inc. (EME) fit?
These are the investment theses EME naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.
Data center power and cooling
Large MEP contractor winning hyperscaler data center buildouts alongside Comfort Systems.
Infrastructure and reshoring
MEP contractor with broad industrial and commercial exposure.
Real assets
EMCOR provides mechanical and electrical construction and facilities services for buildings and infrastructure, tying revenue to physical asset spending.
Who competes with EMCOR Group, Inc. (EME)?
Mechanical, electrical, plumbing contractors
Comfort Systems USA (FIX) is the closest direct competitor. Quanta Services competes in electrical infrastructure, particularly transmission and distribution. MasTec competes in various infrastructure construction. Many large MEP contractors are privately held; the industry is structurally fragmented.
Industrial services
Specialty industrial services competitors compete in refining, petrochemical, and power generation maintenance. The industrial services business is more cyclical with energy markets.
What stocks are similar to EMCOR Group, Inc. (EME)?
Other names that sit close to EME: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in EMCOR Group, Inc. (EME)
There are three common ways to get EME exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (VB, IWR), which spreads the position across many companies. Or build it into a focused thematic portfolio, so EME sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where EME fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on EMCOR Group, Inc. (EME)
EMCOR Group (EME) is a disciplined, diversified MEP contractor whose record backlog leans on data center and fab construction while its industrial-services segment adds energy-cycle exposure. In a portfolio it acts as an AI-infrastructure and reshoring-themed industrial holding tied to construction cycles and skilled-labor availability, with steady dividend growth but a premium valuation that reacts to any slowdown.
More on EMCOR Group, Inc. (EME)
Whether EME is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is EME a buy or a sell?, and where the stock could go from here in the EME stock forecast.
For income investors, whether EME pays a dividend and how the payout looks is covered in does EME pay a dividend? And to weigh EME against a peer, read the full side-by-side comparisons: EME vs PWR and EME vs FIX.
Wondering how EME fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in EMCOR Group, Inc. with AI
Connect the broker you already use and ask Walnut's AI how EME fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What is EMCOR's ticker symbol?
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EME, listed on NYSE. Officially EMCOR Group, Inc. Headquartered in Norwalk, Connecticut. Trades during US market hours, available at every major US brokerage.
Who are EMCOR's competitors?
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Comfort Systems USA (FIX) is the closest direct competitor. Quanta Services (PWR) competes in electrical infrastructure. MasTec competes in various infrastructure construction. Many large MEP contractors are privately held; the industry is structurally fragmented across regions.
Is EMCOR an AI infrastructure stock?
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Yes. The data center end market has become a meaningful growth driver as AI-driven hyperscaler capex on new data center buildouts has accelerated. EMCOR's mechanical and electrical construction expertise aligns with data center MEP requirements. Backlog from data center customers has grown materially.
What is EMCOR's P/E ratio?
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Approximately 22x trailing twelve months as of early 2026. In line with the S&P 500 average (~22x). Slight discount to Comfort Systems USA reflecting larger scale and more diversified end markets, including a meaningful industrial services segment that is more cyclical with energy markets.
What does EMCOR do?
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EMCOR provides design, construction, installation, and service of mechanical, electrical, plumbing, fire protection, and various building infrastructure systems. End markets span commercial buildings, healthcare facilities, education, manufacturing, transportation infrastructure, data centers, and semiconductor fabs. The company also has a meaningful industrial services segment serving refining, petrochemical, and power generation maintenance.
Who owns the most EMCOR stock?
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Major institutional holders include Vanguard (~11%), BlackRock (~8%), and State Street (~4%). Insider ownership is modest. EMCOR is broadly institutionally owned and widely held in industrial-services, AI-infrastructure-themed, and dividend-growth funds.
Which ETFs have the most EMCOR exposure?
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PAVE (Global X US Infrastructure Development) holds EME at meaningful weight as a top holding. XLI (Industrial Select Sector SPDR) holds EME at small weight given its larger universe. VOO holds EME at ~0.2%. SCHD holds EME historically when it screens favorably on dividend metrics. Infrastructure-themed ETFs are the most concentrated way to gain EME exposure.
Which thematic baskets typically include EMCOR?
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Two themes on Walnut. Data center power and cooling (MEP contractor winning hyperscaler data center buildouts alongside Comfort Systems) and Infrastructure and reshoring (MEP contractor with broad industrial and commercial exposure).
Is EMCOR in the S&P 500?
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Yes. EME has been an S&P 500 constituent for many years. It is typically a top-200 S&P 500 holding by market cap, supported by consistent earnings and the multi-decade execution track record.
What is EMCOR's market cap?
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Approximately $25 billion as of early 2026. Market cap has grown several multiples since 2022 on AI data center backlog visibility and the broader infrastructure tailwind. EME is now among the larger US specialty contractors by market cap.
Does EMCOR pay a dividend?
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Yes. EME yields approximately 0.3% as of early 2026, paid quarterly. The dividend has been raised consistently for many years. The yield is modest because of share price appreciation; dollar dividends have grown but slower than share price. Operating discipline has supported reliable dividend growth.
How does EMCOR compare to Comfort Systems?
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Both are major US MEP contractors with similar business models. EMCOR is larger by revenue and has more diversified end-market exposure including a meaningful industrial services segment (refining, petrochemical, power generation maintenance). Comfort Systems is more concentrated on data center and specialty industrial construction. Returns over multi-year windows have been close; EME's industrial services adds cyclical exposure that FIX doesn't have.
What is EMCOR's industrial services business?
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EMCOR's industrial services segment provides specialty maintenance, turnaround, and capital project services to refining, petrochemical, and power generation customers. The business is more cyclical with energy markets than the core MEP construction business. Industrial services adds revenue diversification but also some cyclical exposure that pure MEP contractors lack.
Should I own EMCOR directly or through PAVE?
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Both common. Direct EME gives concentrated MEP and industrial services exposure with the dividend track record. PAVE includes EME along with broader infrastructure including aggregates, contractors, and equipment. Many Walnut users hold both EME and FIX directly in infrastructure or data center power baskets to capture the MEP contracting thesis across both companies.
Guides that feature EME
EME is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with EMCOR Group, Inc.'s investor relations page or your broker before making investment decisions.