Stocks · Industrials · Engineering & Construction
Ameresco, Inc. AMRC
$21.57 +2.71% Close, Oct 2, 2026 · NYSE · Market cap $1.14B
Weak trendHigh risk
Next earnings report: Nov 2, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $0.52, down 55.6% year over year.
- Net debt is 7.5× EBITDA, a high level of leverage.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 46%
- EPS growth (TTM, YoY)Bottom 17%
- Revenue growth, 3-year CAGRBottom 37%
- Revenue growth accelerationBottom 37%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 39%
- Gross marginBottom 22%
- Operating marginBottom 49%
- Cash conversion (OCF / net income)Bottom 1%
- Accruals (lower is better)Bottom 8%
- Net debt / EBITDA (lower is better)Bottom 8%
- Interest coverBottom 35%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 47%
- Free-cash-flow yieldBottom 4%
- EBITDA / enterprise valueTop 27%
- Sales / enterprise valueTop 36%
- P/E vs own 5-year history (lower is better)Bottom 38%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 10%
- 6-month returnBottom 28%
- 1-year return vs S&P 500Bottom 10%
- Distance from 52-week highBottom 17%
- Trend checklist (0–4)Bottom 15%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 39%
- Consecutive EPS beatsBottom 39%
- Share of analysts rating BuyTop 23%
- Upside to consensus price targetTop 12%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 10%
- Maximum drawdown, 3 yearsBottom 14%
- Beta vs S&P 500 (lower is better)Bottom 22%
- Net debt / EBITDA (lower is better)Bottom 8%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 8.6% | 8.9% | ↑ |
| EPS growth (YoY) | -43.1% | -55.6% | ↓ |
| Gross margin | 14.5% | 16.1% | ↑ |
| Operating margin | 6.5% | 7.0% | ↑ |
| FCF margin | -17.5% | -26.0% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 8.9% | 8.6% | ↑ | Top 46% |
| EPS growth (TTM, YoY) | -55.6% | -43.1% | ↓ | Bottom 17% |
| Gross margin | 16.1% | 14.5% | ↑ | Bottom 22% |
| Operating margin | 7.0% | 6.5% | ↑ | Bottom 49% |
| Net margin | 1.4% | 3.3% | ↓ | — |
| Free-cash-flow margin | -26.0% | -17.5% | ↓ | — |
| Return on invested capital | 3.5% | — | Bottom 39% | |
| Revenue growth, 3-year CAGR | 1.9% | — | Bottom 37% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- -2.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 1.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -75.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 7.55×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- -0.31%
- Shareholder yield
- -0.31%
- Share count change, 1 year
- +1.9%
- Share count change, 3-year CAGR
- +0.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +8.8%
- Average 2-day reaction, last 8
- +1.5%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $44.67
- Target vs current price
- +107.1%
- Analysts with a rating
- 24
- Share rating Buy or Strong Buy
- 75%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 3, 2026 | +1.1% | +7.9% | +21.7% | +4.4% | — |
| May 4, 2026 | -22.2% | +0.4% | -4.5% | +10.3% | -41.0% |
| Mar 2, 2026 | +21.9% | +1.6% | -15.6% | -12.2% | +16.6% |
| Nov 3, 2025 | +34.6% | +1.2% | -10.8% | -11.6% | -18.1% |
| Aug 4, 2025 | +350.0% | +5.2% | +26.7% | +60.2% | +161.8% |
| May 5, 2025 | +57.7% | -3.1% | +11.3% | +12.7% | +39.3% |
| Feb 27, 2025 | +15.8% | +0.4% | -45.6% | -32.4% | -25.2% |
| Nov 7, 2024 | -29.8% | -1.6% | -18.3% | -15.1% | -37.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 3, 2026 | $0.20 | $0.20 | +1.1% | $515.5M |
| May 4, 2026 | -$0.33 | -$0.27 | -22.2% | $401.5M |
| Mar 2, 2026 | $0.39 | $0.32 | +21.9% | $581.0M |
| Nov 3, 2025 | $0.35 | $0.26 | +34.6% | $526.0M |
| Aug 4, 2025 | $0.27 | $0.06 | +350.0% | $472.3M |
| May 5, 2025 | -$0.11 | -$0.26 | +57.7% | $352.8M |
| Feb 27, 2025 | $0.88 | $0.76 | +15.8% | $532.7M |
| Nov 7, 2024 | $0.33 | $0.47 | -29.8% | $500.9M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 41.5× | 30.5× | 71th | Bottom 47% |
| P/E (forward) | 17.4× | — | — | — |
| EV / EBITDA | 12.1× | — | — | Top 27% |
| EV / Sales | 1.50× | — | — | Top 36% |
| Free-cash-flow yield | -45.98% | — | — | Bottom 4% |
| Earnings yield | 2.41% | — | — | Bottom 47% |
P/E over the past five years
Range 11.1× – 73.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -42.5%
- Earnings per share growth (TTM)
- -55.6%
- Change in P/E multiple
- +152.7%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -4.2%
- 200-day average slope (20 days)
- -3.5%
- Distance from 50-day average
- -6.8%
- Distance from 200-day average
- -21.6%
- RSI (14)
- 44.8
- Relative volume
- 0.61×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 83.1%
- Volatility vs own 5-year history
- 80th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.55
- Correlation with S&P 500
- 0.33
- Current drawdown from 1-year high
- -50.1%
- Maximum drawdown, 3 years
- -77.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 5, 2021 | Apr 21, 2025 | -91.1% | 865 days | Not yet recovered |
| Feb 9, 2021 | Mar 8, 2021 | -42.8% | 18 days | 124 days (Sep 1, 2021) |
| Sep 7, 2021 | Oct 11, 2021 | -20.4% | 24 days | 9 days (Oct 22, 2021) |
| Jan 8, 2021 | Jan 27, 2021 | -12.8% | 12 days | 4 days (Feb 2, 2021) |
| Oct 23, 2020 | Oct 28, 2020 | -11.4% | 3 days | 4 days (Nov 3, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $1.14B
- P/E (TTM)
- 41.5
- EPS, diluted (TTM)
- $0.52
- Revenue (TTM)
- $2.02B
- 52-week range
- $18.38 – $44.93
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.22B | $1.82B | $1.37B | $1.77B | $1.93B |
| Gross profit | $230.4M | $290.8M | $246.4M | $256.1M | $304.0M |
| Operating income | $95.4M | $133.0M | $82.2M | $108.7M | $128.6M |
| Net income | $70.5M | $94.9M | $62.5M | $56.8M | $44.3M |
| EPS (diluted) | $1.35 | $1.78 | $1.17 | $1.07 | $0.83 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $500.9M | $532.7M | $352.8M | $472.3M | $526.0M | $581.0M | $401.5M | $515.5M |
| Net income | $17.6M | $37.1M | -$5.5M | $12.9M | $18.5M | $18.4M | -$18.3M | $9.7M |
| EPS (diluted) | $0.33 | $0.70 | -$0.10 | $0.24 | $0.35 | $0.34 | -$0.35 | $0.18 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$172.3M | -$338.3M | -$70.0M | $117.6M | -$80.4M |
| Capital expenditure | -$183.8M | -$327.9M | -$551.8M | -$438.3M | -$356.0M |
| Free cash flow | -$356.1M | -$666.2M | -$621.8M | -$320.7M | -$436.4M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $120.1M | $0 | $0 | $2.8M | $2.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $138.3M
- Total assets
- $4.83B
- Total liabilities
- $3.37B
- Total debt
- $2.02B
- Net debt
- $1.88B
- Shareholders’ equity
- $1.35B
As of Jun 30, 2026 (filed Aug 4, 2026).
Short interest
- Shares sold short
- 5,421,459
- Days to cover
- 7.92
- Change vs previous report
- +8.7%
FINRA short interest, settlement date Sep 15, 2026.