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Side-by-side financial comparison of EMCOR Group, Inc. (EME) and International Paper (IP). Click either name above to swap in a different company.

International Paper is the larger business by last-quarter revenue ($6.0B vs $4.6B, roughly 1.3× EMCOR Group, Inc.). EMCOR Group, Inc. runs the higher net margin — 6.6% vs 1.0%, a 5.6% gap on every dollar of revenue. On growth, EMCOR Group, Inc. posted the faster year-over-year revenue change (19.7% vs -0.6%). Over the past eight quarters, EMCOR Group, Inc.'s revenue compounded faster (12.3% CAGR vs 12.3%).

EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.

The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 39,000 employees, and is headquartered in Memphis, Tennessee.

EME vs IP — Head-to-Head

Bigger by revenue
IP
IP
1.3× larger
IP
$6.0B
$4.6B
EME
Growing faster (revenue YoY)
EME
EME
+20.3% gap
EME
19.7%
-0.6%
IP
Higher net margin
EME
EME
5.6% more per $
EME
6.6%
1.0%
IP
Faster 2-yr revenue CAGR
EME
EME
Annualised
EME
12.3%
12.3%
IP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EME
EME
IP
IP
Revenue
$4.6B
$6.0B
Net Profit
$305.5M
$60.0M
Gross Margin
18.7%
Operating Margin
8.7%
Net Margin
6.6%
1.0%
Revenue YoY
19.7%
-0.6%
Net Profit YoY
26.9%
157.1%
EPS (diluted)
$6.84
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EME
EME
IP
IP
Q1 26
$4.6B
$6.0B
Q4 25
$4.5B
$4.7B
Q3 25
$4.3B
$6.2B
Q2 25
$4.3B
$6.8B
Q1 25
$3.9B
$5.9B
Q4 24
$3.8B
$4.6B
Q3 24
$3.7B
$4.7B
Q2 24
$3.7B
$4.7B
Net Profit
EME
EME
IP
IP
Q1 26
$305.5M
$60.0M
Q4 25
$434.6M
$-2.4B
Q3 25
$295.4M
$-1.1B
Q2 25
$302.2M
$75.0M
Q1 25
$240.7M
$-105.0M
Q4 24
$292.2M
$-147.0M
Q3 24
$270.3M
$150.0M
Q2 24
$247.6M
$498.0M
Gross Margin
EME
EME
IP
IP
Q1 26
18.7%
Q4 25
19.7%
32.2%
Q3 25
19.4%
31.1%
Q2 25
19.4%
27.9%
Q1 25
18.7%
27.8%
Q4 24
20.1%
29.0%
Q3 24
19.9%
28.7%
Q2 24
18.7%
29.0%
Operating Margin
EME
EME
IP
IP
Q1 26
8.7%
Q4 25
12.7%
-56.4%
Q3 25
9.4%
-10.8%
Q2 25
9.6%
1.7%
Q1 25
8.2%
-2.3%
Q4 24
10.3%
-4.9%
Q3 24
9.8%
5.1%
Q2 24
9.1%
6.8%
Net Margin
EME
EME
IP
IP
Q1 26
6.6%
1.0%
Q4 25
9.6%
-50.3%
Q3 25
6.9%
-17.7%
Q2 25
7.0%
1.1%
Q1 25
6.2%
-1.8%
Q4 24
7.7%
-3.2%
Q3 24
7.3%
3.2%
Q2 24
6.8%
10.5%
EPS (diluted)
EME
EME
IP
IP
Q1 26
$6.84
$0.14
Q4 25
$9.64
$-4.76
Q3 25
$6.57
$-2.09
Q2 25
$6.72
$0.14
Q1 25
$5.26
$-0.24
Q4 24
$6.30
$-0.42
Q3 24
$5.80
$0.42
Q2 24
$5.25
$1.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EME
EME
IP
IP
Cash + ST InvestmentsLiquidity on hand
$916.4M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$3.9B
$14.8B
Total Assets
$9.5B
$36.4B
Debt / EquityLower = less leverage
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EME
EME
IP
IP
Q1 26
$916.4M
Q4 25
$1.1B
$1.1B
Q3 25
$655.1M
$995.0M
Q2 25
$486.0M
$1.1B
Q1 25
$576.7M
$1.2B
Q4 24
$1.3B
$1.2B
Q3 24
$1.0B
$1.2B
Q2 24
$807.3M
$1.0B
Total Debt
EME
EME
IP
IP
Q1 26
$8.2B
Q4 25
$8.8B
Q3 25
$9.0B
Q2 25
$9.7B
Q1 25
$9.2B
Q4 24
$5.4B
Q3 24
$5.3B
Q2 24
$5.3B
Stockholders' Equity
EME
EME
IP
IP
Q1 26
$3.9B
$14.8B
Q4 25
$3.7B
$14.8B
Q3 25
$3.3B
$17.3B
Q2 25
$3.1B
$18.6B
Q1 25
$2.9B
$18.1B
Q4 24
$2.9B
$8.2B
Q3 24
$2.8B
$8.6B
Q2 24
$2.7B
$8.6B
Total Assets
EME
EME
IP
IP
Q1 26
$9.5B
$36.4B
Q4 25
$9.3B
$38.0B
Q3 25
$8.6B
$40.6B
Q2 25
$8.4B
$42.4B
Q1 25
$8.1B
$41.2B
Q4 24
$7.7B
$22.8B
Q3 24
$7.3B
$23.2B
Q2 24
$7.1B
$23.1B
Debt / Equity
EME
EME
IP
IP
Q1 26
0.55×
Q4 25
0.60×
Q3 25
0.52×
Q2 25
0.52×
Q1 25
0.51×
Q4 24
0.66×
Q3 24
0.62×
Q2 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EME
EME
IP
IP
Operating Cash FlowLast quarter
$558.0K
Free Cash FlowOCF − Capex
$94.0M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
8.7%
Cash ConversionOCF / Net Profit
0.00×
TTM Free Cash FlowTrailing 4 quarters
$553.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EME
EME
IP
IP
Q1 26
$558.0K
Q4 25
$524.4M
$905.0M
Q3 25
$475.5M
$605.0M
Q2 25
$193.7M
$476.0M
Q1 25
$108.5M
$-288.0M
Q4 24
$469.5M
$397.0M
Q3 24
$526.4M
$521.0M
Q2 24
$279.7M
$365.0M
Free Cash Flow
EME
EME
IP
IP
Q1 26
$94.0M
Q4 25
$492.5M
$255.0M
Q3 25
$448.8M
$150.0M
Q2 25
$165.6M
$54.0M
Q1 25
$82.3M
$-618.0M
Q4 24
$451.8M
$137.0M
Q3 24
$508.7M
$309.0M
Q2 24
$260.4M
$167.0M
FCF Margin
EME
EME
IP
IP
Q1 26
1.6%
Q4 25
10.9%
5.4%
Q3 25
10.4%
2.4%
Q2 25
3.8%
0.8%
Q1 25
2.1%
-10.5%
Q4 24
12.0%
3.0%
Q3 24
13.8%
6.6%
Q2 24
7.1%
3.5%
Capex Intensity
EME
EME
IP
IP
Q1 26
8.7%
Q4 25
0.7%
13.7%
Q3 25
0.6%
7.3%
Q2 25
0.7%
6.2%
Q1 25
0.7%
5.6%
Q4 24
0.5%
5.7%
Q3 24
0.5%
4.5%
Q2 24
0.5%
4.2%
Cash Conversion
EME
EME
IP
IP
Q1 26
0.00×
Q4 25
1.21×
Q3 25
1.61×
Q2 25
0.64×
6.35×
Q1 25
0.45×
Q4 24
1.61×
Q3 24
1.95×
3.47×
Q2 24
1.13×
0.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EME
EME

Segment breakdown not available.

IP
IP

Packaging Solutions North America$3.6B61%
Packaging Solutions EMEA$2.3B39%
Corporate and Inter-segment Sales$22.0M0%

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