vs

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

U.S. Bancorp is the larger business by last-quarter revenue ($7.4B vs $4.6B, roughly 1.6× EMCOR Group, Inc.). U.S. Bancorp runs the higher net margin — 27.8% vs 6.6%, a 21.2% gap on every dollar of revenue. On growth, EMCOR Group, Inc. posted the faster year-over-year revenue change (19.7% vs 5.1%). Over the past eight quarters, EMCOR Group, Inc.'s revenue compounded faster (12.3% CAGR vs 4.7%).

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

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

EME vs USB — Head-to-Head

Bigger by revenue
USB
USB
1.6× larger
USB
$7.4B
$4.6B
EME
Growing faster (revenue YoY)
EME
EME
+14.6% gap
EME
19.7%
5.1%
USB
Higher net margin
USB
USB
21.2% more per $
USB
27.8%
6.6%
EME
Faster 2-yr revenue CAGR
EME
EME
Annualised
EME
12.3%
4.7%
USB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EME
EME
USB
USB
Revenue
$4.6B
$7.4B
Net Profit
$305.5M
$2.0B
Gross Margin
18.7%
Operating Margin
8.7%
34.4%
Net Margin
6.6%
27.8%
Revenue YoY
19.7%
5.1%
Net Profit YoY
26.9%
23.0%
EPS (diluted)
$6.84
$1.26

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
USB
USB
Q1 26
$4.6B
Q4 25
$4.5B
$7.4B
Q3 25
$4.3B
$7.3B
Q2 25
$4.3B
$7.0B
Q1 25
$3.9B
$7.0B
Q4 24
$3.8B
$7.0B
Q3 24
$3.7B
$6.9B
Q2 24
$3.7B
$6.9B
Net Profit
EME
EME
USB
USB
Q1 26
$305.5M
Q4 25
$434.6M
$2.0B
Q3 25
$295.4M
$2.0B
Q2 25
$302.2M
$1.8B
Q1 25
$240.7M
$1.7B
Q4 24
$292.2M
$1.7B
Q3 24
$270.3M
$1.7B
Q2 24
$247.6M
$1.6B
Gross Margin
EME
EME
USB
USB
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
USB
USB
Q1 26
8.7%
Q4 25
12.7%
34.4%
Q3 25
9.4%
34.5%
Q2 25
9.6%
32.7%
Q1 25
8.2%
31.0%
Q4 24
10.3%
30.1%
Q3 24
9.8%
30.2%
Q2 24
9.1%
29.9%
Net Margin
EME
EME
USB
USB
Q1 26
6.6%
Q4 25
9.6%
27.8%
Q3 25
6.9%
27.3%
Q2 25
7.0%
25.9%
Q1 25
6.2%
24.6%
Q4 24
7.7%
23.7%
Q3 24
7.3%
25.0%
Q2 24
6.8%
23.3%
EPS (diluted)
EME
EME
USB
USB
Q1 26
$6.84
Q4 25
$9.64
$1.26
Q3 25
$6.57
$1.22
Q2 25
$6.72
$1.11
Q1 25
$5.26
$1.03
Q4 24
$6.30
$1.01
Q3 24
$5.80
$1.03
Q2 24
$5.25
$0.97

Balance Sheet & Financial Strength

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

Metric
EME
EME
USB
USB
Cash + ST InvestmentsLiquidity on hand
$916.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.9B
$65.2B
Total Assets
$9.5B
$692.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EME
EME
USB
USB
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
USB
USB
Q1 26
$3.9B
Q4 25
$3.7B
$65.2B
Q3 25
$3.3B
$63.3B
Q2 25
$3.1B
$61.4B
Q1 25
$2.9B
$60.1B
Q4 24
$2.9B
$58.6B
Q3 24
$2.8B
$58.9B
Q2 24
$2.7B
$56.4B
Total Assets
EME
EME
USB
USB
Q1 26
$9.5B
Q4 25
$9.3B
$692.3B
Q3 25
$8.6B
$695.4B
Q2 25
$8.4B
$686.4B
Q1 25
$8.1B
$676.5B
Q4 24
$7.7B
$678.3B
Q3 24
$7.3B
$686.5B
Q2 24
$7.1B
$680.1B

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
USB
USB
Operating Cash FlowLast quarter
$558.0K
$2.8B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.00×
1.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EME
EME
USB
USB
Q1 26
$558.0K
Q4 25
$524.4M
$2.8B
Q3 25
$475.5M
$3.4B
Q2 25
$193.7M
$2.0B
Q1 25
$108.5M
$-285.0M
Q4 24
$469.5M
$4.8B
Q3 24
$526.4M
$972.0M
Q2 24
$279.7M
$2.9B
Free Cash Flow
EME
EME
USB
USB
Q1 26
Q4 25
$492.5M
Q3 25
$448.8M
Q2 25
$165.6M
Q1 25
$82.3M
Q4 24
$451.8M
Q3 24
$508.7M
Q2 24
$260.4M
FCF Margin
EME
EME
USB
USB
Q1 26
Q4 25
10.9%
Q3 25
10.4%
Q2 25
3.8%
Q1 25
2.1%
Q4 24
12.0%
Q3 24
13.8%
Q2 24
7.1%
Capex Intensity
EME
EME
USB
USB
Q1 26
Q4 25
0.7%
Q3 25
0.6%
Q2 25
0.7%
Q1 25
0.7%
Q4 24
0.5%
Q3 24
0.5%
Q2 24
0.5%
Cash Conversion
EME
EME
USB
USB
Q1 26
0.00×
Q4 25
1.21×
1.39×
Q3 25
1.61×
1.69×
Q2 25
0.64×
1.12×
Q1 25
0.45×
-0.17×
Q4 24
1.61×
2.87×
Q3 24
1.95×
0.57×
Q2 24
1.13×
1.79×

Financial Flow Comparison

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

Related Comparisons