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Side-by-side financial comparison of EMCOR Group, Inc. (EME) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
EMCOR Group, Inc. is the larger business by last-quarter revenue ($4.6B vs $4.5B, roughly 1.0× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 21.3% vs 6.6%, a 14.7% gap on every dollar of revenue. On growth, EMCOR Group, Inc. posted the faster year-over-year revenue change (19.7% vs 11.3%). Over the past eight quarters, EMCOR Group, Inc.'s revenue compounded faster (12.3% CAGR vs 4.1%).
EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
EME vs RCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.6B | $4.5B |
| Net Profit | $305.5M | $950.0M |
| Gross Margin | 18.7% | — |
| Operating Margin | 8.7% | 26.1% |
| Net Margin | 6.6% | 21.3% |
| Revenue YoY | 19.7% | 11.3% |
| Net Profit YoY | 26.9% | 29.1% |
| EPS (diluted) | $6.84 | $3.48 |
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 | $4.5B | ||
| Q4 25 | $4.5B | $4.3B | ||
| Q3 25 | $4.3B | $5.1B | ||
| Q2 25 | $4.3B | $4.5B | ||
| Q1 25 | $3.9B | $4.0B | ||
| Q4 24 | $3.8B | $3.8B | ||
| Q3 24 | $3.7B | $4.9B | ||
| Q2 24 | $3.7B | $4.1B |
| Q1 26 | $305.5M | $950.0M | ||
| Q4 25 | $434.6M | $753.0M | ||
| Q3 25 | $295.4M | $1.6B | ||
| Q2 25 | $302.2M | $1.2B | ||
| Q1 25 | $240.7M | $730.0M | ||
| Q4 24 | $292.2M | $552.0M | ||
| Q3 24 | $270.3M | $1.1B | ||
| Q2 24 | $247.6M | $854.0M |
| Q1 26 | 18.7% | — | ||
| Q4 25 | 19.7% | 47.4% | ||
| Q3 25 | 19.4% | 51.8% | ||
| Q2 25 | 19.4% | 49.7% | ||
| Q1 25 | 18.7% | 48.0% | ||
| Q4 24 | 20.1% | 45.4% | ||
| Q3 24 | 19.9% | 51.1% | ||
| Q2 24 | 18.7% | 47.6% |
| Q1 26 | 8.7% | 26.1% | ||
| Q4 25 | 12.7% | 21.9% | ||
| Q3 25 | 9.4% | 33.1% | ||
| Q2 25 | 9.6% | 29.3% | ||
| Q1 25 | 8.2% | 23.6% | ||
| Q4 24 | 10.3% | 16.6% | ||
| Q3 24 | 9.8% | 33.4% | ||
| Q2 24 | 9.1% | 26.7% |
| Q1 26 | 6.6% | 21.3% | ||
| Q4 25 | 9.6% | 17.7% | ||
| Q3 25 | 6.9% | 30.6% | ||
| Q2 25 | 7.0% | 26.7% | ||
| Q1 25 | 6.2% | 18.3% | ||
| Q4 24 | 7.7% | 14.7% | ||
| Q3 24 | 7.3% | 22.7% | ||
| Q2 24 | 6.8% | 20.8% |
| Q1 26 | $6.84 | $3.48 | ||
| Q4 25 | $9.64 | $2.76 | ||
| Q3 25 | $6.57 | $5.74 | ||
| Q2 25 | $6.72 | $4.41 | ||
| Q1 25 | $5.26 | $2.70 | ||
| Q4 24 | $6.30 | $2.27 | ||
| Q3 24 | $5.80 | $4.21 | ||
| Q2 24 | $5.25 | $3.11 |
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 | $512.0M |
| Total DebtLower is stronger | — | $21.1B |
| Stockholders' EquityBook value | $3.9B | $10.0B |
| Total Assets | $9.5B | $42.0B |
| Debt / EquityLower = less leverage | — | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $916.4M | $512.0M | ||
| Q4 25 | $1.1B | $825.0M | ||
| Q3 25 | $655.1M | $432.0M | ||
| Q2 25 | $486.0M | $735.0M | ||
| Q1 25 | $576.7M | $386.0M | ||
| Q4 24 | $1.3B | $388.0M | ||
| Q3 24 | $1.0B | $418.0M | ||
| Q2 24 | $807.3M | $391.0M |
| Q1 26 | — | $21.1B | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
| Q1 26 | $3.9B | $10.0B | ||
| Q4 25 | $3.7B | $10.0B | ||
| Q3 25 | $3.3B | $10.1B | ||
| Q2 25 | $3.1B | $9.2B | ||
| Q1 25 | $2.9B | $8.0B | ||
| Q4 24 | $2.9B | $7.6B | ||
| Q3 24 | $2.8B | $7.0B | ||
| Q2 24 | $2.7B | $6.0B |
| Q1 26 | $9.5B | $42.0B | ||
| Q4 25 | $9.3B | $41.6B | ||
| Q3 25 | $8.6B | $40.1B | ||
| Q2 25 | $8.4B | $38.5B | ||
| Q1 25 | $8.1B | $37.5B | ||
| Q4 24 | $7.7B | $37.1B | ||
| Q3 24 | $7.3B | $37.1B | ||
| Q2 24 | $7.1B | $37.0B |
| Q1 26 | — | 2.11× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× |
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 | $1.8B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.00× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $558.0K | $1.8B | ||
| Q4 25 | $524.4M | $1.6B | ||
| Q3 25 | $475.5M | $1.5B | ||
| Q2 25 | $193.7M | $1.7B | ||
| Q1 25 | $108.5M | $1.6B | ||
| Q4 24 | $469.5M | $1.5B | ||
| Q3 24 | $526.4M | $897.0M | ||
| Q2 24 | $279.7M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $492.5M | $116.0M | ||
| Q3 25 | $448.8M | $-989.0M | ||
| Q2 25 | $165.6M | $910.0M | ||
| Q1 25 | $82.3M | $1.2B | ||
| Q4 24 | $451.8M | $915.0M | ||
| Q3 24 | $508.7M | $563.0M | ||
| Q2 24 | $260.4M | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 2.7% | ||
| Q3 25 | 10.4% | -19.2% | ||
| Q2 25 | 3.8% | 20.1% | ||
| Q1 25 | 2.1% | 30.0% | ||
| Q4 24 | 12.0% | 24.3% | ||
| Q3 24 | 13.8% | 11.5% | ||
| Q2 24 | 7.1% | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 35.4% | ||
| Q3 25 | 0.6% | 47.8% | ||
| Q2 25 | 0.7% | 18.4% | ||
| Q1 25 | 0.7% | 10.7% | ||
| Q4 24 | 0.5% | 14.7% | ||
| Q3 24 | 0.5% | 6.8% | ||
| Q2 24 | 0.5% | 52.1% |
| Q1 26 | 0.00× | 1.93× | ||
| Q4 25 | 1.21× | 2.16× | ||
| Q3 25 | 1.61× | 0.93× | ||
| Q2 25 | 0.64× | 1.44× | ||
| Q1 25 | 0.45× | 2.23× | ||
| Q4 24 | 1.61× | 2.66× | ||
| Q3 24 | 1.95× | 0.81× | ||
| Q2 24 | 1.13× | 1.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EME
Segment breakdown not available.
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
