Ameresco Inc Class A (AMRC) financials
Ameresco revenue and earnings by year
Ameresco's revenue was $1.93 billion in the fiscal year to December 31, 2025, up 9.2% from the year before. Net income was $44.3 million, 2.3% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 12.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.93 | 1.77 | 1.37 | 1.82 | 1.22 | 1.03 | 0.87 | 0.79 | 0.72 | 0.65 |
| Revenue growth | 9.2% | 28.8% | -24.7% | 50.1% | 17.8% | 19.1% | 10.1% | 9.8% | 10.1% | — |
| Gross profit | 0.30 | 0.26 | 0.25 | 0.29 | 0.23 | 0.19 | 0.17 | 0.17 | 0.14 | 0.13 |
| Gross margin | 15.7% | 14.5% | 17.9% | 15.9% | 18.9% | 18.2% | 19.4% | 22.1% | 20.1% | 20.6% |
| Operating income | 0.12 | 0.11 | 0.08 | 0.13 | 0.10 | 0.07 | 0.05 | 0.06 | 0.04 | 0.02 |
| Operating margin | 6.3% | 6.1% | 5.9% | 7.2% | 7.9% | 6.9% | 6.0% | 7.5% | 5.1% | 3.7% |
| Net income | 0.04 | 0.06 | 0.06 | 0.09 | 0.07 | 0.05 | 0.04 | 0.04 | 0.04 | 0.01 |
| Net margin | 2.3% | 3.2% | 4.5% | 5.2% | 5.8% | 5.2% | 5.1% | 4.8% | 5.2% | 1.8% |
| Diluted EPS | $0.83 | $1.07 | $1.17 | $1.78 | $1.35 | $1.10 | $0.93 | $0.81 | $0.83 | $0.25 |
| Free cash flow | -0.44 | -0.33 | -0.62 | -0.67 | -0.36 | -0.29 | -0.34 | -0.18 | -0.22 | -0.13 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AMRC in Markets.
How Ameresco makes money
Revenue by segment in the quarter to March 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Project Revenue | $290M | 72.4% |
| Energy Assets Revenue | $60.7M | 15.1% |
| Operations & Maintenance Revenue | $30.2M | 7.5% |
| Other Revenue | $20.0M | 5.0% |
See also: AMRC valuation and P/E history · AMRC returns
No forecast, no recommendation. This page describes Ameresco Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.