Saturday 17 October 2026
Export AMRC’s income statement to Excel — free account
Ameresco, Inc.
AMRC Industrials Engineering & Construction
Ameresco, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 9.16% from fiscal 2024. In the quarter to June 2026, revenue grew 9.14%, EPS fell 25.0%, free cash flow fell 81.2% and total debt rose 7.49%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
19.50
0.59
−2.94%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
22.60 | 10.48 | 17.20 | 18.42 | 46.23 | 58.59 | 30.39 | 26.16 | 21.54 | 34.87 |
Piotroski F-Score |
4 | 4 | 2 | 1 | 3 | 5 | 3 | 3 | 5 | 3 |
Altman Z-Score |
1.61 | 1.65 | 1.75 | 1.67 | 2.28 | 2.69 | 2.01 | 1.10 | 1.09 | 1.14 |
P/S ratio |
0.40 | 0.55 | 0.82 | 0.94 | 2.41 | 3.41 | 1.58 | 1.19 | 0.69 | 0.80 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.94 | 0.00 |
Altman Z″-Score (non-manufacturers) |
1.90 | 2.14 | 2.10 | 1.90 | 1.77 | 1.90 | 1.80 | 1.42 | 1.69 | 1.79 |
Beneish M-Score |
(2.24) | (1.33) | (2.22) | (1.09) | (1.85) | (1.57) | (1.28) | (2.32) | (2.27) | (2.26) |
P/Operating CF |
(49.87) | (8.77) | (30.47) | (10.79) | (132.59) | (74.02) | (44.28) | (55.35) | 66.93 | (35.97) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 32 |
P/B ratio |
0.89 | 1.18 | 1.71 | 1.90 | 5.06 | 5.88 | 3.30 | 1.77 | 1.18 | 1.37 |
Price to Tangible BV |
1.13 | 1.42 | 2.04 | 2.21 | 5.75 | 6.61 | 3.61 | 1.94 | 1.27 | 1.48 |
EV/Sales |
0.60 | 0.77 | 1.03 | 1.27 | 2.70 | 3.72 | 2.00 | 2.17 | 1.52 | 1.69 |
EV/EBITDA |
7.78 | 8.66 | 8.85 | 11.77 | 23.96 | 31.22 | 19.05 | 19.61 | 13.22 | 13.96 |
EV/Operating CF |
(7.39) | (4.07) | (15.27) | (5.59) | (27.14) | (26.25) | (10.78) | (42.68) | 22.83 | (40.57) |
EV/FCF |
(7.24) | (4.03) | (14.65) | (5.43) | (27.26) | (26.03) | (10.72) | (41.34) | 23.87 | (39.68) |
Quick Ratio |
1.01 | 1.25 | 1.21 | 1.11 | 1.15 | 1.25 | 1.15 | 1.08 | 1.26 | 1.24 |
Current Ratio |
1.19 | 1.42 | 1.40 | 1.26 | 1.28 | 1.35 | 1.23 | 1.25 | 1.46 | 1.51 |
Net Debt/EBITDA |
2.54 | 2.44 | 1.83 | 3.03 | 2.52 | 2.63 | 3.99 | 8.87 | 7.16 | 7.35 |
Debt/Assets |
20.05% | 19.88% | 21.18% | 24.46% | 21.72% | 20.50% | 31.29% | 40.18% | 39.28% | 41.48% |
Debt/Equity |
0.54 | 0.58 | 0.65 | 0.78 | 0.77 | 0.65 | 1.03 | 1.61 | 1.56 | 1.68 |
Asset Turnover |
0.86 | 0.81 | 0.73 | 0.68 | 0.66 | 0.61 | 0.72 | 0.42 | 0.45 | 0.44 |
Operating CF/Net income |
(4.37) | (3.62) | (1.40) | (4.42) | (1.90) | (2.45) | (3.56) | (1.12) | 2.07 | (1.81) |
Capex/Depreciation |
(0.11) | (0.11) | (0.12) | (0.16) | (0.05) | (0.10) | (0.09) | (0.08) | (0.09) | (0.01) |
| 4.14% | 11.88% | 10.65% | 11.03% | 11.73% | 11.77% | 12.04% | 6.95% | 5.76% | 4.09% | |
| 1.58% | 4.21% | 3.54% | 3.50% | 3.46% | 3.54% | 3.72% | 1.90% | 1.44% | 1.02% | |
ROIC |
3.53% | 4.65% | 6.78% | 4.53% | 5.69% | 5.49% | 5.08% | 2.26% | 2.72% | 2.71% |
Return on Tangible Assets |
29.73% | 41.55% | 39.85% | 45.04% | 46.36% | 39.70% | 46.31% | 25.56% | 13.41% | 8.30% |
Average Days of Receivables |
89.75 | 108.67 | 88.86 | 134.78 | 124.10 | 155.06 | 159.29 | 220.15 | 194.38 | 210.21 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
16.98% | 15.00% | 14.55% | 13.44% | 11.24% | 10.93% | 8.74% | 11.80% | 9.82% | 9.24% |
Intangible Assets out of Total Assets |
0.08 | 0.06 | 0.05 | 0.04 | 0.03 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
Share Based Compensation of Revenue |
0.22% | 0.18% | 0.16% | 0.19% | 0.19% | 0.72% | 0.82% | 0.75% | 0.80% | 0.75% |
Graham Net Nets |
(1.06) | (0.91) | (0.73) | (0.64) | (0.31) | (0.21) | (0.35) | (1.01) | (1.47) | (1.21) |
Graham Number |
5.97 | 11.75 | 12.33 | 14.03 | 16.21 | 20.81 | 26.33 | 21.90 | 22.12 | 20.07 |
Earnings Yield |
4.42% | 9.54% | 5.82% | 5.43% | 2.16% | 1.71% | 3.29% | 3.82% | 4.64% | 2.87% |
Free Cash Flow Yield |
(20.50%) | (34.54%) | (8.60%) | (24.80%) | (4.10%) | (4.20%) | (11.80%) | (4.42%) | 9.14% | (5.33%) |
Revenue per Share |
14.03 | 15.76 | 17.21 | 18.61 | 21.64 | 23.91 | 35.19 | 26.36 | 33.79 | 36.68 |
Operating CF per Share |
(1.13) | (2.98) | (1.16) | (4.21) | (2.15) | (3.39) | (6.53) | (1.34) | 2.25 | (1.53) |
Capex per Share |
(0.06) | (0.06) | (0.09) | (0.14) | (0.05) | (0.10) | (0.10) | (0.11) | (0.16) | (0.02) |
Free Cash Flow per Share |
(1.19) | (3.04) | (1.25) | (4.36) | (2.20) | (3.48) | (6.63) | (1.45) | 2.08 | (1.54) |
Cash per Share |
0.71 | 0.88 | 1.71 | 1.14 | 1.86 | 1.47 | 2.63 | 2.72 | 3.40 | 3.12 |
Shareholders Equity per Share |
6.34 | 7.40 | 8.24 | 9.21 | 10.33 | 13.85 | 16.84 | 17.76 | 19.95 | 21.31 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.34 | 7.40 | 8.24 | 9.21 | 10.33 | 13.85 | 16.84 | 17.76 | 19.95 | 21.31 |
Free Cash Flow |
(55.44) | (138.42) | (57.14) | (202.97) | (104.79) | (177.19) | (343.58) | (75.70) | 109.03 | (81.33) |
Working Capital |
35.46 | 84.94 | 88.34 | 88.55 | 107.62 | 164.36 | 189.28 | 227.00 | 412.13 | 523.62 |
Capital Expenditures |
(2.81) | (2.85) | (3.94) | (6.67) | (2.21) | (4.90) | (5.30) | (5.71) | (8.56) | (0.97) |
Net Current Asset Value |
(276.91) | (360.25) | (473.79) | (519.96) | (770.59) | (881.97) | (1,002.44) | (1,659.42) | (1,812.22) | (1,861.74) |
EV/EBIT |
16.37 | 15.07 | 13.75 | 21.28 | 38.94 | 47.39 | 27.42 | 36.34 | 24.69 | 26.47 |
Capex to Sales |
0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
11.03 | 10.82 | 10.91 | 15.80 | 34.85 | 43.40 | 21.68 | 19.91 | 11.31 | 12.53 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
5.23 | 5.11 | 4.68 | 4.12 | 4.98 | 3.77 | 3.72 | 4.03 | 8.55 | 10.96 |
Cash ROIC |
(11.38%) | (24.19%) | (8.15%) | (24.81%) | (10.89%) | (14.35%) | (17.99%) | (2.96%) | 3.82% | (2.57%) |
Accounts Receivable Turnover |
3.77 | 3.84 | 3.89 | 3.39 | 3.08 | 2.80 | 2.78 | 1.69 | 2.00 | 1.88 |
Accounts Payable Turnover |
4.28 | 4.37 | 4.54 | 4.15 | 3.90 | 3.65 | 4.66 | 3.00 | 3.25 | 2.67 |
Inventory Turnover |
40.82 | 56.61 | 77.15 | 82.21 | 94.85 | 113.37 | 133.21 | 81.01 | 120.18 | 134.75 |
Average Days of Payables |
89.39 | 86.56 | 79.92 | 105.72 | 99.78 | 114.45 | 83.09 | 130.30 | 127.63 | 154.96 |
Days of Inventory on Hand |
8.55 | 5.18 | 4.62 | 4.82 | 3.71 | 3.26 | 3.38 | 4.41 | 2.79 | 2.83 |
Average Receivables |
172.73 | 186.82 | 202.57 | 255.88 | 335.54 | 433.72 | 656.32 | 812.65 | 885.86 | 1,027.67 |
Average Payables |
120.67 | 131.23 | 135.11 | 168.37 | 216.67 | 269.94 | 329.04 | 375.94 | 466.05 | 610.27 |
Average Inventory |
12.66 | 10.12 | 7.95 | 8.50 | 8.91 | 8.69 | 11.51 | 13.93 | 12.60 | 12.08 |
Average Assets |
760.36 | 890.62 | 1,072.79 | 1,267.82 | 1,564.06 | 1,989.47 | 2,550.82 | 3,295.30 | 3,936.14 | 4,347.80 |
Average Common Equity |
290.86 | 315.46 | 356.75 | 402.87 | 460.83 | 598.54 | 788.65 | 899.46 | 985.52 | 1,083.98 |
Columns are period end dates