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

EMCOR Group, Inc. is the larger business by last-quarter revenue ($4.6B vs $2.7B, roughly 1.7× NVR, Inc.). NVR, Inc. runs the higher net margin — 13.4% vs 6.6%, a 6.8% gap on every dollar of revenue. On growth, EMCOR Group, Inc. posted the faster year-over-year revenue change (19.7% vs -4.7%). Over the past eight quarters, EMCOR Group, Inc.'s revenue compounded faster (12.3% CAGR vs 7.8%).

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

NVR, Inc. is an American company engaged in home construction headquartered in Reston, Virginia. It also operates a mortgage banking and title services business. The company primarily operates on the East Coast of the United States, but its operations encompass 14 states as well as Washington, D.C. In 2021, 22% of the company's revenue was from the Washington metropolitan area.

EME vs NVR — Head-to-Head

Bigger by revenue
EME
EME
1.7× larger
EME
$4.6B
$2.7B
NVR
Growing faster (revenue YoY)
EME
EME
+24.3% gap
EME
19.7%
-4.7%
NVR
Higher net margin
NVR
NVR
6.8% more per $
NVR
13.4%
6.6%
EME
Faster 2-yr revenue CAGR
EME
EME
Annualised
EME
12.3%
7.8%
NVR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EME
EME
NVR
NVR
Revenue
$4.6B
$2.7B
Net Profit
$305.5M
$363.8M
Gross Margin
18.7%
Operating Margin
8.7%
Net Margin
6.6%
13.4%
Revenue YoY
19.7%
-4.7%
Net Profit YoY
26.9%
-20.5%
EPS (diluted)
$6.84
$120.85

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
NVR
NVR
Q1 26
$4.6B
Q4 25
$4.5B
$2.7B
Q3 25
$4.3B
$2.6B
Q2 25
$4.3B
$2.6B
Q1 25
$3.9B
$2.4B
Q4 24
$3.8B
$2.8B
Q3 24
$3.7B
$2.7B
Q2 24
$3.7B
$2.6B
Net Profit
EME
EME
NVR
NVR
Q1 26
$305.5M
Q4 25
$434.6M
$363.8M
Q3 25
$295.4M
$342.7M
Q2 25
$302.2M
$333.7M
Q1 25
$240.7M
$299.6M
Q4 24
$292.2M
$457.4M
Q3 24
$270.3M
$429.3M
Q2 24
$247.6M
$400.9M
Gross Margin
EME
EME
NVR
NVR
Q1 26
18.7%
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%
Operating Margin
EME
EME
NVR
NVR
Q1 26
8.7%
Q4 25
12.7%
Q3 25
9.4%
Q2 25
9.6%
Q1 25
8.2%
Q4 24
10.3%
Q3 24
9.8%
Q2 24
9.1%
Net Margin
EME
EME
NVR
NVR
Q1 26
6.6%
Q4 25
9.6%
13.4%
Q3 25
6.9%
13.1%
Q2 25
7.0%
12.8%
Q1 25
6.2%
12.5%
Q4 24
7.7%
16.1%
Q3 24
7.3%
15.7%
Q2 24
6.8%
15.3%
EPS (diluted)
EME
EME
NVR
NVR
Q1 26
$6.84
Q4 25
$9.64
$120.85
Q3 25
$6.57
$112.33
Q2 25
$6.72
$108.54
Q1 25
$5.26
$94.83
Q4 24
$6.30
$139.09
Q3 24
$5.80
$130.50
Q2 24
$5.25
$120.69

Balance Sheet & Financial Strength

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

Metric
EME
EME
NVR
NVR
Cash + ST InvestmentsLiquidity on hand
$916.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.9B
$3.9B
Total Assets
$9.5B
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EME
EME
NVR
NVR
Q1 26
$916.4M
Q4 25
$1.1B
Q3 25
$655.1M
Q2 25
$486.0M
Q1 25
$576.7M
Q4 24
$1.3B
Q3 24
$1.0B
Q2 24
$807.3M
Stockholders' Equity
EME
EME
NVR
NVR
Q1 26
$3.9B
Q4 25
$3.7B
$3.9B
Q3 25
$3.3B
$4.0B
Q2 25
$3.1B
$3.8B
Q1 25
$2.9B
$4.0B
Q4 24
$2.9B
$4.2B
Q3 24
$2.8B
$4.3B
Q2 24
$2.7B
$4.1B
Total Assets
EME
EME
NVR
NVR
Q1 26
$9.5B
Q4 25
$9.3B
$5.9B
Q3 25
$8.6B
$6.0B
Q2 25
$8.4B
$5.9B
Q1 25
$8.1B
$6.2B
Q4 24
$7.7B
$6.4B
Q3 24
$7.3B
$6.5B
Q2 24
$7.1B
$6.4B

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
NVR
NVR
Operating Cash FlowLast quarter
$558.0K
$439.7M
Free Cash FlowOCF − Capex
$436.0M
FCF MarginFCF / Revenue
16.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
0.00×
1.21×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EME
EME
NVR
NVR
Q1 26
$558.0K
Q4 25
$524.4M
$439.7M
Q3 25
$475.5M
$438.7M
Q2 25
$193.7M
$35.1M
Q1 25
$108.5M
$207.8M
Q4 24
$469.5M
$637.0M
Q3 24
$526.4M
$358.3M
Q2 24
$279.7M
$232.7M
Free Cash Flow
EME
EME
NVR
NVR
Q1 26
Q4 25
$492.5M
$436.0M
Q3 25
$448.8M
$433.3M
Q2 25
$165.6M
$26.8M
Q1 25
$82.3M
$200.7M
Q4 24
$451.8M
$631.5M
Q3 24
$508.7M
$350.1M
Q2 24
$260.4M
$226.3M
FCF Margin
EME
EME
NVR
NVR
Q1 26
Q4 25
10.9%
16.1%
Q3 25
10.4%
16.6%
Q2 25
3.8%
1.0%
Q1 25
2.1%
8.4%
Q4 24
12.0%
22.2%
Q3 24
13.8%
12.8%
Q2 24
7.1%
8.7%
Capex Intensity
EME
EME
NVR
NVR
Q1 26
Q4 25
0.7%
0.1%
Q3 25
0.6%
0.2%
Q2 25
0.7%
0.3%
Q1 25
0.7%
0.3%
Q4 24
0.5%
0.2%
Q3 24
0.5%
0.3%
Q2 24
0.5%
0.2%
Cash Conversion
EME
EME
NVR
NVR
Q1 26
0.00×
Q4 25
1.21×
1.21×
Q3 25
1.61×
1.28×
Q2 25
0.64×
0.11×
Q1 25
0.45×
0.69×
Q4 24
1.61×
1.39×
Q3 24
1.95×
0.83×
Q2 24
1.13×
0.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EME
EME

Segment breakdown not available.

NVR
NVR

Home Building Segment$2.6B97%
Mortgage Banking Segment$77.4M3%

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