# Ameresco Inc. (AMRC) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Construction & Engineering. Price $23.15, market value $1.2 billion.

## Valuation
- **P/E (trailing): 43.7×** (5-yr avg 35.3×, 3-yr avg 28.1×). Ameresco Inc. trades at 43.7× trailing earnings, well above its own five-year average of 35.3×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 14.1×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.6×**. Each dollar of revenue is priced at 0.6×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 13.1×**. Enterprise value is 13.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -6.7%** (5-yr avg -7.8%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 2.3%**. The inverse of the P/E: 2.3% of the price is earned each year.

## Profitability
- **Gross margin: 15.9%**. Ameresco Inc. keeps 15.9% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 6.5%**. 6.5% of revenue is left after running the business.
- **Net margin: 2.3%**. 2.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.1%**. 4.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 3.3%**. Return on all capital, debt included, is 3.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 0.5%**. Each dollar of assets produces 0.5% of profit.

## Growth
- **Revenue growth (1 yr): 9.2%** (3-yr 1.9%/yr, 5-yr 13.4%/yr). Revenue grew 9.2% over the last year, against 13.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -22.4%** (3-yr -22.5%/yr, 5-yr -5.5%/yr). Earnings per share fell 22.4%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.80**. Debt is 1.80 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 7.9×**. It would take 7.9 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 1.51** (quick 1.50). Current assets cover the next year's liabilities 1.51 times.
- **Altman Z-score: 1.21**. A Z-score of 1.21 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Ameresco Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (10 analysts). 10 analysts cover Ameresco Inc.; the consensus is buy, with an average price target of $42.70 (+84% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -11.0%** (YTD -21.0%, 3-mo -18.7%). The shares are down 11.0% over twelve months including dividends.
- **From 52-week high: -48.5%** (26.0% above the low). Trading 48% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 2.68** (volatility 72%). Beta of 2.68 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AMRC · Page: https://foliofundamentals.com/stocks/amrc

Not investment advice.