AMRC

Ameresco

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Industrials

industry

Engineering & Construction

Exchange

NYSE

County of HQ

United States

Next Earnings Date

05/04/26

Business Summary

Ameresco operates as an energy solutions and infrastructure contractor, generating revenue through designing, building, and financing energy efficiency and renewable energy projects. Cash flow is driven by long-term contracts, performance-based savings arrangements, and recurring energy asset operations. The moat stems from technical expertise, integrated project capabilities, and established municipal and institutional relationships that create switching costs. However, capital intensity and reliance on project financing make disciplined balance sheet management central to sustaining that advantage.

VALUATION

P/E

31.9

Market Cap ($M USD)

$1,396

Forward P/E

16.1

PEG

2.9

PRICE TO SALES

0.7

PRICE TO BOOK

1.3

EV / EBITDA

13.8

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$0.84

Next Year EPS Growth Estimate

$1.64

Next Year Revenue Growth Estimate

9.00%

Return on Equity (ROE)

4.10%

Operating Margin

6.70%

Debt-to-Equity

1.8

Piotroski F-Score

2

Altman Z-Score

1.1

Return on Invested Capital (ROIC)

4.00%%

Current Ratio

1.5

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 31.9x earnings with a Forward P/E of 16.1, the market is clearly pricing in a near-term earnings normalization, yet the 2.9 PEG suggests that growth is not compelling enough to justify a premium multiple. The 1.3 Price/Book and 0.7 Price/Sales imply surface-level value, but the Altman Z-Score of 1.1 signals financial stress risk that cannot be ignored. A Piotroski F-Score of 2 reinforces deteriorating fundamentals, meaning this is not a clean deep-value setup. The market is discounting balance sheet fragility and weak profitability, and based strictly on these metrics, that caution appears justified rather than irrational.

AI Exposure / Tech Reliance

As an Engineering & Construction company within Industrials, AI exposure is indirect rather than transformative. Efficiency gains may come through project optimization, energy management systems, and cost control technologies, but nothing in the financial profile suggests a tech-driven inflection point. Adaptation to AI will likely be incremental rather than margin-expanding in a material way.

The Bull Case

A value-oriented investor could argue the 0.7 Price/Sales and 1.3 Price/Book ratios offer tangible asset-backed downside protection, especially with a Market Cap of $1,396M. Return on Equity of 9.00% and ROIC of 4.00% are positive, indicating the company is generating returns above zero and maintaining operational viability. The 4.10% Operating Margin, while thin, shows profitability in a traditionally low-margin industry, and a Current Ratio of 1.5 suggests short-term liquidity is manageable. With a Forward P/E of 16.1 well below the trailing 31.9, earnings acceleration could create multiple compression upside if execution stabilizes.

The Bear Case

The red flags are substantial: a Debt/Equity ratio of 6.70% combined with an Altman Z-Score of 1.1 places the firm in potential financial distress territory. A Piotroski F-Score of 2 signals weakening balance sheet and operating trends, while a 2.9 PEG ratio implies investors are overpaying relative to expected growth. Operating Margin at 4.10% and ROIC at 4.00% leave little buffer against project delays or cost overruns. With no dividend support and modest 9.00% ROE, shareholders are assuming execution risk without a strong profitability cushion.

Market Sentiment & Smart Money

Short Interest %

10.70%

Analyst Consensus

1.86

Average Analyst Price Target

$43.10

Institutional Ownership %

98.40%

1-Year Beta

2.06

Insider Buying % (6 Mo)

8.50%%

Distance to 52-Week High

58.80%%

Distance to 52-Week Low

310.80%%