Ameresco, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:20:00Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 113.31M | -75.70M | -343.58M | -177.19M | -104.79M | -202.97M |
| EBITDA | 197.96M | 148.13M | 187.27M | 140.19M | 111.64M | 89.32M |
| Working Capital | 412.13M | 227.00M | 189.28M | 164.36M | 107.62M | 88.55M |
| Net Debt | 1.45B | 1.15B | 490.63M | 368.14M | 286.66M | 373.27M |
| Gross Margin | 14.47% | 17.93% | 15.94% | 18.95% | 18.17% | 19.39% |
| Operating Margin | 6.14% | 5.98% | 7.29% | 7.85% | 6.93% | 5.95% |
| Net Margin | 3.21% | 4.54% | 5.20% | 5.80% | 5.24% | 5.13% |
| Return on Equity (ROE) | 5.60% | 6.93% | 11.52% | 10.00% | 10.97% | 10.36% |
| Return on Assets (ROA) | 1.36% | 1.68% | 3.30% | 3.17% | 3.08% | 3.23% |
| Current Ratio | 1.46× | 1.25× | 1.23× | 1.35× | 1.28× | 1.26× |
| Debt-to-Equity | 1.53× | 1.36× | 0.74× | 0.59× | 0.72× | 0.95× |
| Effective Tax Rate | -58.93% | -66.99% | 6.78% | -2.62% | -0.88% | -10.25% |
| Cash Conversion Ratio | 2.07× | -1.12× | -3.56× | -2.45× | -1.90× | -4.42× |
| Accruals Ratio | -0.01× | 0.04× | 0.15× | 0.11× | 0.09× | 0.18× |
| SBC % of Revenue | 0.80% | 0.75% | 0.82% | 0.72% | 0.19% | 0.19% |
| CapEx Coverage | 27.41× | -12.25× | -63.88× | -35.19× | -46.40× | -29.41× |
| Free Cash Flow Per Share | $2.13 | $-1.42 | $-6.45 | $-3.39 | $-2.14 | $-4.25 |
Valuation Metrics
| Concept | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 21.94× | 27.07× | 32.10× | 60.33× | 47.49× | 18.82× |
| P/FCF | 11.01× | — | — | — | — | — |
| FCF Yield | 9.08% | — | — | — | — | — |
| EV / EBITDA | 13.60× | 19.12× | 18.88× | 32.99× | 25.50× | 13.54× |
| P/S | 0.70× | 1.23× | 1.67× | 3.50× | 2.48× | 0.96× |
| P/B | 1.23× | 1.87× | 3.69× | 6.04× | 5.19× | 1.95× |
Income Statement
| Concept | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.77B | 1.37B | 1.82B | 1.22B | 1.03B | 866.93M |
| Cost of Goods and Services Sold | 1.51B | 1.13B | 1.53B | 985.34M | 844.73M | 698.82M |
| Gross Profit | 256.09M | 246.43M | 290.83M | 230.36M | 187.55M | 168.12M |
| Selling, General and Administrative Expense | 173.76M | 162.14M | 159.49M | 132.90M | 116.05M | 116.50M |
| Operating Income (Loss) | 108.75M | 82.22M | 132.99M | 95.43M | 71.50M | 51.61M |
| Income Tax Expense (Benefit) | -20.00M | -25.64M | 7.17M | -2.05M | -494.00K | -3.75M |
| Net Income (Loss) Attributable to Parent | 56.76M | 62.47M | 94.93M | 70.46M | 54.05M | 44.44M |
| Earnings Per Share, Basic | $1.08 | $1.20 | $1.83 | $1.38 | $1.13 | $0.95 |
| Weighted Average Number of Shares Outstanding, Basic | 52.38M | 52.14M | 51.84M | 50.85M | 47.70M | 46.59M |
| Earnings Per Share, Diluted | $1.07 | $1.17 | $1.78 | $1.35 | $1.10 | $0.93 |
| Weighted Average Number of Shares Outstanding, Diluted | 53.14M | 53.23M | 53.28M | 52.27M | 49.01M | 47.77M |
Balance Sheet
| Concept | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 108.52M | 79.27M | 115.53M | 50.45M | 66.42M | 33.22M |
| Assets, Current | 1.30B | 1.13B | 1.00B | 638.59M | 490.71M | 425.19M |
| Assets | 4.16B | 3.71B | 2.88B | 2.22B | 1.75B | 1.37B |
| Long-term Debt | — | — | — | — | — | 343.09M |
| Liabilities, Current | 889.01M | 901.47M | 812.07M | 474.22M | 383.10M | 336.65M |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | — | 266.18M |
| Stockholders' Equity Attributable to Parent | 1.01B | 901.98M | 824.03M | 704.26M | 492.81M | 428.86M |
Cash Flow Statement
| Concept | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 117.60M | -69.99M | -338.29M | -172.30M | -102.58M | -196.29M |
| Payments to Acquire Property, Plant, and Equipment | 4.29M | 5.71M | 5.30M | 4.90M | 2.21M | 6.67M |
| Net Cash Provided by (Used in) Investing Activities | -386.64M | -566.94M | -328.36M | -205.26M | -181.01M | -142.22M |
| Payments for Repurchase of Common Stock | — | — | 0 | 0 | 6.00K | 144.00K |
| Net Cash Provided by (Used in) Financing Activities | 313.94M | 640.80M | 730.23M | 365.46M | 305.17M | 317.42M |
Derived Metrics
| Concept | Q1 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 34.85M | — | -37.68M | -55.75M | -28.73M | 17.14M |
| EBITDA | 39.51M | — | 69.58M | 52.97M | 37.63M | 71.19M |
| Working Capital | 510.04M | 523.62M | 481.20M | 458.36M | 458.76M | 412.13M |
| Net Debt | 1.78B | 1.74B | 1.69B | 1.65B | 1.56B | 1.45B |
| Gross Margin | 14.06% | — | 16.03% | 15.53% | 14.72% | 12.54% |
| Operating Margin | 2.55% | — | 8.05% | 5.88% | 3.88% | 8.38% |
| Net Margin | -4.55% | — | 3.52% | 2.72% | -1.55% | 6.96% |
| Return on Equity (ROE) | -1.72% | — | 1.76% | 1.24% | -0.54% | 3.66% |
| Return on Assets (ROA) | -0.39% | — | 0.42% | 0.30% | -0.13% | 0.89% |
| Current Ratio | 1.49× | 1.51× | 1.51× | 1.56× | 1.57× | 1.46× |
| Debt-to-Equity | 1.77× | 1.68× | 1.69× | 1.67× | 1.62× | 1.53× |
| Effective Tax Rate | 18.12% | — | -20.25% | -22.98% | -26.89% | -78.53% |
| Cash Conversion Ratio | -1.94× | — | -2.02× | -4.29× | 5.16× | 0.50× |
| Accruals Ratio | -0.01× | — | 0.01× | 0.02× | 0.01× | 0.00× |
| SBC % of Revenue | 1.04% | — | 1.97% | 1.40% | 0.81% | 0.71% |
| CapEx Coverage | 65.31× | — | -172.65× | -96.97× | -67.07× | 14.84× |
| Free Cash Flow Per Share | $0.66 | — | $-0.71 | $-1.06 | $-0.55 | $0.32 |
Valuation Metrics
| Concept | Q1 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | 28.22× | 12.98× | 11.84× | 22.15× |
| EV / EBITDA | — | — | 15.03× | 11.11× | 10.53× | 13.60× |
| P/S | — | — | 0.95× | 0.43× | 0.35× | 0.70× |
| P/B | 1.27× | — | 1.70× | 0.78× | 0.63× | 1.23× |
Income Statement
| Concept | Q1 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 401.46M | — | 525.99M | 472.28M | 352.83M | 532.67M |
| Cost of Goods and Services Sold | 345.00M | — | 441.66M | 398.93M | 300.91M | 465.88M |
| Gross Profit | 56.46M | — | 84.33M | 73.36M | 51.92M | 66.79M |
| Selling, General and Administrative Expense | 46.31M | — | 43.37M | 45.73M | 38.49M | 47.84M |
| Operating Income (Loss) | 10.25M | — | 42.35M | 27.77M | 13.69M | 44.64M |
| Income Tax Expense (Benefit) | -3.18M | — | -3.68M | -2.90M | 1.19M | -16.68M |
| Net Income (Loss) Attributable to Parent | -18.28M | — | 18.53M | 12.86M | -5.48M | 37.09M |
| Earnings Per Share, Basic | $-0.35 | — | $0.35 | $0.24 | $-0.10 | $0.71 |
| Weighted Average Number of Shares Outstanding, Basic | 52.89M | — | 52.72M | 52.64M | 52.54M | 52.38M |
| Earnings Per Share, Diluted | $-0.35 | — | $0.35 | $0.24 | $-0.10 | $0.70 |
| Weighted Average Number of Shares Outstanding, Diluted | 52.89M | — | 53.37M | 52.82M | 52.54M | 53.14M |
Balance Sheet
| Concept | Q1 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 103.97M | 71.78M | 94.55M | 81.63M | 71.59M | 108.52M |
| Assets, Current | 1.55B | 1.55B | 1.42B | 1.28B | 1.26B | 1.30B |
| Assets | 4.64B | 4.54B | 4.43B | 4.30B | 4.17B | 4.16B |
| Liabilities, Current | 1.04B | 1.03B | 939.30M | 822.08M | 798.30M | 889.01M |
| Stockholders' Equity Attributable to Parent | 1.06B | 1.08B | 1.06B | 1.03B | 1.01B | 1.01B |
Cash Flow Statement
| Concept | Q1 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 35.40M | — | -37.47M | -55.18M | -28.30M | 18.38M |
| Payments to Acquire Property, Plant, and Equipment | 542.00K | — | 217.00K | 569.00K | 422.00K | 1.24M |
| Net Cash Provided by (Used in) Investing Activities | -96.94M | — | -258.28M | -176.03M | -118.37M | -31.25M |
| Net Cash Provided by (Used in) Financing Activities | 128.50M | — | 310.97M | 221.94M | 114.55M | 8.89M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (AMRC CIK 0001488139),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.