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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.

Revenue: +9.14%
EPS: −25.0%
Free cash flow: −81.2%
Total debt: +7.49%

Quarter to June 2026, against a year earlier

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20.83 1.68 +8.77%

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Market cap: $1.0B
P/E: 36.1×
Fwd P/E: 18.5×
Dividend yield: —
F-score: 3/9
Altman Z: 1.14
Beneish M: −2.26
Dividend safety: 32/100

Overview

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

Show all line items

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