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Side-by-side financial comparison of EMCOR Group, Inc. (EME) and LPL Financial Holdings Inc. (LPLA). Click either name above to swap in a different company.
LPL Financial Holdings Inc. is the larger business by last-quarter revenue ($4.9B vs $4.6B, roughly 1.1× EMCOR Group, Inc.). LPL Financial Holdings Inc. runs the higher net margin — 7.2% vs 6.6%, a 0.6% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (34.6% vs 19.7%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (29.8% CAGR vs 12.3%).
EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
EME vs LPLA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.6B | $4.9B |
| Net Profit | $305.5M | $356.4M |
| Gross Margin | 18.7% | 32.3% |
| Operating Margin | 8.7% | — |
| Net Margin | 6.6% | 7.2% |
| Revenue YoY | 19.7% | 34.6% |
| Net Profit YoY | 26.9% | — |
| EPS (diluted) | $6.84 | $4.43 |
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.
| Q1 26 | $4.6B | $4.9B | ||
| Q4 25 | $4.5B | $4.9B | ||
| Q3 25 | $4.3B | $4.6B | ||
| Q2 25 | $4.3B | $3.8B | ||
| Q1 25 | $3.9B | $3.7B | ||
| Q4 24 | $3.8B | $3.5B | ||
| Q3 24 | $3.7B | $3.1B | ||
| Q2 24 | $3.7B | $2.9B |
| Q1 26 | $305.5M | $356.4M | ||
| Q4 25 | $434.6M | $300.7M | ||
| Q3 25 | $295.4M | $-29.5M | ||
| Q2 25 | $302.2M | $273.2M | ||
| Q1 25 | $240.7M | $318.6M | ||
| Q4 24 | $292.2M | $270.7M | ||
| Q3 24 | $270.3M | $255.3M | ||
| Q2 24 | $247.6M | $243.8M |
| Q1 26 | 18.7% | 32.3% | ||
| Q4 25 | 19.7% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 18.7% | — | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 18.7% | — |
| Q1 26 | 8.7% | — | ||
| Q4 25 | 12.7% | 8.1% | ||
| Q3 25 | 9.4% | -0.7% | ||
| Q2 25 | 9.6% | 9.6% | ||
| Q1 25 | 8.2% | 11.4% | ||
| Q4 24 | 10.3% | 9.7% | ||
| Q3 24 | 9.8% | 11.2% | ||
| Q2 24 | 9.1% | 11.3% |
| Q1 26 | 6.6% | 7.2% | ||
| Q4 25 | 9.6% | 6.1% | ||
| Q3 25 | 6.9% | -0.6% | ||
| Q2 25 | 7.0% | 7.1% | ||
| Q1 25 | 6.2% | 8.7% | ||
| Q4 24 | 7.7% | 7.7% | ||
| Q3 24 | 7.3% | 8.2% | ||
| Q2 24 | 6.8% | 8.3% |
| Q1 26 | $6.84 | $4.43 | ||
| Q4 25 | $9.64 | $3.65 | ||
| Q3 25 | $6.57 | $-0.37 | ||
| Q2 25 | $6.72 | $3.40 | ||
| Q1 25 | $5.26 | $4.24 | ||
| Q4 24 | $6.30 | $3.58 | ||
| Q3 24 | $5.80 | $3.39 | ||
| Q2 24 | $5.25 | $3.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $916.4M | $1.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.9B | $5.7B |
| Total Assets | $9.5B | $18.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $916.4M | $1.0B | ||
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $655.1M | $1.6B | ||
| Q2 25 | $486.0M | $4.3B | ||
| Q1 25 | $576.7M | $1.4B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $807.3M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.3B | ||
| Q3 25 | — | $7.5B | ||
| Q2 25 | — | $7.2B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B |
| Q1 26 | $3.9B | $5.7B | ||
| Q4 25 | $3.7B | $5.3B | ||
| Q3 25 | $3.3B | $5.0B | ||
| Q2 25 | $3.1B | $5.1B | ||
| Q1 25 | $2.9B | $3.1B | ||
| Q4 24 | $2.9B | $2.9B | ||
| Q3 24 | $2.8B | $2.8B | ||
| Q2 24 | $2.7B | $2.5B |
| Q1 26 | $9.5B | $18.8B | ||
| Q4 25 | $9.3B | $18.5B | ||
| Q3 25 | $8.6B | $18.0B | ||
| Q2 25 | $8.4B | $17.5B | ||
| Q1 25 | $8.1B | $14.0B | ||
| Q4 24 | $7.7B | $13.3B | ||
| Q3 24 | $7.3B | $11.9B | ||
| Q2 24 | $7.1B | $11.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.82× | ||
| Q4 24 | — | 1.87× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.77× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $558.0K | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 0.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $558.0K | — | ||
| Q4 25 | $524.4M | $785.0M | ||
| Q3 25 | $475.5M | $-1.7B | ||
| Q2 25 | $193.7M | $193.3M | ||
| Q1 25 | $108.5M | $339.8M | ||
| Q4 24 | $469.5M | $-178.8M | ||
| Q3 24 | $526.4M | $209.3M | ||
| Q2 24 | $279.7M | $-178.9M |
| Q1 26 | — | — | ||
| Q4 25 | $492.5M | $613.3M | ||
| Q3 25 | $448.8M | $-1.9B | ||
| Q2 25 | $165.6M | $56.3M | ||
| Q1 25 | $82.3M | $220.3M | ||
| Q4 24 | $451.8M | $-344.3M | ||
| Q3 24 | $508.7M | $62.3M | ||
| Q2 24 | $260.4M | $-307.8M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 12.4% | ||
| Q3 25 | 10.4% | -41.1% | ||
| Q2 25 | 3.8% | 1.5% | ||
| Q1 25 | 2.1% | 6.0% | ||
| Q4 24 | 12.0% | -9.8% | ||
| Q3 24 | 13.8% | 2.0% | ||
| Q2 24 | 7.1% | -10.5% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 0.7% | 3.5% | ||
| Q3 25 | 0.6% | 3.1% | ||
| Q2 25 | 0.7% | 3.6% | ||
| Q1 25 | 0.7% | 3.3% | ||
| Q4 24 | 0.5% | 4.7% | ||
| Q3 24 | 0.5% | 4.7% | ||
| Q2 24 | 0.5% | 4.4% |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 1.21× | 2.61× | ||
| Q3 25 | 1.61× | — | ||
| Q2 25 | 0.64× | 0.71× | ||
| Q1 25 | 0.45× | 1.07× | ||
| Q4 24 | 1.61× | -0.66× | ||
| Q3 24 | 1.95× | 0.82× | ||
| Q2 24 | 1.13× | -0.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EME
Segment breakdown not available.
LPLA
| Advisory | $2.6B | 53% |
| Sales-based | $705.4M | 14% |
| Trailing | $486.6M | 10% |
| Client cash | $445.3M | 9% |
| Other | $394.5M | 8% |
| Service and fee | $211.0M | 4% |
| Transaction | $80.5M | 2% |
