Ameresco, Inc. logo

Ameresco, Inc.

AMRC

NYSEIndustrialsEngineering & Construction

Previous close

$21.38

−$0.81 · -3.65%

Aug 21, 4:00 PM ET

AMRC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

61

Undervalued

Momentum

21

Weakening

Sentiment

73

Bullish

Risk resilience

23

High Risk

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Company profile

Company website

Ameresco, Inc. operates as a clean technology integrator, offering a broad spectrum of solutions focused on energy efficiency and sustainable energy generation across the United States, Canada, and global markets. The company serves diverse businesses and organizations by implementing strategies for enhanced energy efficiency, critical infrastructure improvements, bolstered energy security and resilience, improved asset longevity, and the deployment of renewable energy systems. Its operations are structured into distinct segments: U.S. Regions, U.S. Federal, Canada, and Non-Solar Distributed Generation. Ameresco specializes in the conceptualization, development, engineering, and installation of projects specifically designed to lower energy consumption and decrease operational and maintenance (O&M) expenses for client facilities. These projects typically involve tailored interventions aimed at optimizing the performance of critical building infrastructure, including heating, ventilation, cooling, and lighting systems. Additionally, Ameresco delivers comprehensive renewable energy services. This encompasses building small-scale power generation facilities, either owned directly by the company or constructed for clients, to produce electricity, gas, heat, or cooling from sustainable sources. They also provide ongoing operations and maintenance for these plants and market the generated renewable electricity, processed gas fuel, or thermal energy. Beyond this, the company distributes photovoltaic (PV) solar products and integrated systems, offers specialized consulting, and provides enterprise-level energy management solutions. Notably, Ameresco also owns and manages a wind power facility situated in Ireland. Its broad client base includes federal, state, and local governmental bodies, healthcare organizations, educational establishments, airports, public housing entities, universities, and a wide spectrum of commercial and industrial clients. By the close of 2021, specifically December 31st, Ameresco's portfolio featured 147 wholly-owned and operated small-scale renewable energy facilities and solar photovoltaic installations. Founded in 2000, Ameresco, Inc. maintains its corporate headquarters in Framingham, Massachusetts.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
US
CEO
George Sakellaris
Listed since
Jul 22, 2010
Employees
1,601

Market position

Day range

Current $21.38

52-week range

Current $21.38

Open
$22.52
Previous close
$22.19
Volume
791.5K
1.26× average
Average volume
627.1K
Average daily volume
Market cap
1.13B USD
Beta
2.62
Market reference 1
50-day average
$25.2202
-15.23% below average
200-day average
$29.0733
-26.46% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.42B USD
P/E (TTM)
40.34×
P/B (TTM)
0.84×
P/S (TTM)
0.56×
EV / EBITDA
14.41×
Earnings yield
2.87%
Free cash flow yield
-28.28%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
16.13%
Operating margin
6.99%
Net margin
1.40%
Return on equity
4.10%
Return on assets
0.98%
Return on invested capital
3.52%

Financial health

Debt / equity
1.5×
Current ratio
1.51×
Altman Z-score
1.08
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends21%14%7%1%Gross margin, FY2021: 18.95%Gross margin, FY2022: 15.94%Gross margin, FY2023: 17.93%Gross margin, FY2024: 14.47%Gross margin, FY2025: 15.73%Operating margin, FY2021: 7.85%Operating margin, FY2022: 7.29%Operating margin, FY2023: 5.98%Operating margin, FY2024: 6.14%Operating margin, FY2025: 6.65%Net margin, FY2021: 5.80%Net margin, FY2022: 5.20%Net margin, FY2023: 4.54%Net margin, FY2024: 3.21%Net margin, FY2025: 2.29%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.95%. Gross margin FY2022 15.94%. Gross margin FY2023 17.93%. Gross margin FY2024 14.47%. Gross margin FY2025 15.73%. Operating margin FY2021 7.85%. Operating margin FY2022 7.29%. Operating margin FY2023 5.98%. Operating margin FY2024 6.14%. Operating margin FY2025 6.65%. Net margin FY2021 5.80%. Net margin FY2022 5.20%. Net margin FY2023 4.54%. Net margin FY2024 3.21%. Net margin FY2025 2.29%.

Income trends

Revenue

1.93B USD+9.16%

Operating income

128.56M USD+18.22%

Net income

44.28M USD-21.98%
Income trends across reported periods2.12B USD1.37B USD610.64M USD−144.5M USDRevenue, FY2021: 1.22B USDRevenue, FY2022: 1.82B USDRevenue, FY2023: 1.37B USDRevenue, FY2024: 1.77B USDRevenue, FY2025: 1.93B USDOperating income, FY2021: 95.43M USDOperating income, FY2022: 132.99M USDOperating income, FY2023: 82.22M USDOperating income, FY2024: 108.75M USDOperating income, FY2025: 128.56M USDNet income, FY2021: 70.46M USDNet income, FY2022: 94.93M USDNet income, FY2023: 62.47M USDNet income, FY2024: 56.76M USDNet income, FY2025: 44.28M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.22B USD. Revenue FY2022 1.82B USD. Revenue FY2023 1.37B USD. Revenue FY2024 1.77B USD. Revenue FY2025 1.93B USD. Operating income FY2021 95.43M USD. Operating income FY2022 132.99M USD. Operating income FY2023 82.22M USD. Operating income FY2024 108.75M USD. Operating income FY2025 128.56M USD. Net income FY2021 70.46M USD. Net income FY2022 94.93M USD. Net income FY2023 62.47M USD. Net income FY2024 56.76M USD. Net income FY2025 44.28M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.93B USD1.77B USD1.37B USD1.82B USD1.22B USD
Cost of goods sold1.63B USD1.51B USD1.13B USD1.53B USD985.34M USD
Gross profit304.01M USD256.09M USD246.43M USD290.83M USD230.36M USD
Selling, general, and administrative178.54M USD173.76M USD162.14M USD159.49M USD132.9M USD
Operating expenses175.46M USD147.35M USD164.21M USD157.84M USD134.92M USD
Interest expense87.94M USD71.65M USD46.21M USD30.63M USD17.21M USD
Depreciation and amortization104.27M USD89.21M USD65.91M USD54.28M USD46.58M USD
Operating income128.56M USD108.75M USD82.22M USD132.99M USD95.43M USD
Net income44.28M USD56.76M USD62.47M USD94.93M USD70.46M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+35.80%
11 comparable reports
Latest EPS result
0.2
Estimate 0.2 · Beat by 1.06%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.980.510.04-0.43Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 0.88, estimate 0.76, surprise +15.79%, Beat. Q2 2025, reported May 5, 2025: actual -0.11, estimate -0.26, surprise +57.69%, Beat. Q3 2025, reported Aug 4, 2025: actual 0.27, estimate 0.06, surprise +350.00%, Beat. Q4 2025, reported Nov 3, 2025: actual 0.35, estimate 0.26, surprise +34.62%, Beat. Q1 2026, reported Mar 2, 2026: actual 0.39, estimate 0.32, surprise +21.88%, Beat. Q2 2026, reported May 4, 2026: actual -0.33, estimate -0.27, surprise -22.22%, Miss. Q3 2026, reported Aug 3, 2026: actual 0.2, estimate 0.198, surprise +1.06%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 0.59, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates604.27M512.71M421.15M329.59MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 532.67M USD, estimate 525.09M USD, surprise +1.44%, Beat. Q2 2025, reported May 5, 2025: actual 352.83M USD, estimate 444.55M USD, surprise -20.63%, Miss. Q3 2025, reported Aug 4, 2025: actual 472.28M USD, estimate 517.69M USD, surprise -8.77%, Miss. Q4 2025, reported Nov 3, 2025: actual 525.99M USD, estimate 556.5M USD, surprise -5.48%, Miss. Q1 2026, reported Mar 2, 2026: actual 581.03M USD, estimate 556.09M USD, surprise +4.48%, Beat. Q2 2026, reported May 4, 2026: actual 401.46M USD, estimate 362.92M USD, surprise +10.62%, Beat. Q3 2026, reported Aug 3, 2026: actual 515.46M USD, estimate 465.18M USD, surprise +10.81%, Beat. Q4 2026, reported Nov 2, 2026: actual —, estimate 574.35M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$45.25

111.65% upside
Past 12 months12-month forecastHigh $62.00Average $45.25Low $36.00

Rating distribution

24 ratings
Strong buy00%
Buy1875%
Hold625%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
BNP ParibasupgradeNeutralOutperform
Cantor FitzgeraldmaintainOverweight
Roth CapitalmaintainBuy

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