Is the business good?
How good a business is AMRC?
Ameresco, Inc. earns 2.5% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
2.5%
Return on invested capital · cost of capital 9.0% · 6.5 points below what the capital costs: growth destroys value
- Operating margin
- 5.4%
Operating margin · Engineering & Construction median 7.4% · 12 months to Q1 2026
- Cash conversion
- −0.46×
Cash conversion · 2.00× a year ago · some of the reported profit has not turned into cash yet
- Gross margin
- 15%
Gross margin
| Year | Operating margin |
|---|---|
| FY2019 | 5.9% |
| FY2020 | 6.9% |
| FY2021 | 7.8% |
| FY2022 | 7.3% |
| FY2023 | 6.0% |
| FY2024 | 6.1% |
Details›
- Gross margin12 months to Q1 2026
- 15%
- Operating margin12 months to Q1 2026
- 5.4%
- Net margin12 months to Q1 2026
- 0.44%
- Free cash flow margin
- −0.20%
- Revenue, trailing twelve months
- $1.75B
- Free cash flow, trailing twelve months
- −$3.5M
- Net income, trailing twelve months
- $7.6M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 2.5%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Engineering & Construction
Ranks #27 of 27 by Smart Score