# Ameresco, Inc.: overview

AMRC · NYSE · CIK 1488139 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/amrc.md) · [Financials](/companies/amrc/financials.md) · [Filings](/companies/amrc/filings.md) · [Insiders](/companies/amrc/insiders.md)

Latest reported revenue: [$515.5m](/filings/0001628280-26-052190.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-052190).

## Last eight quarters

| Line item | Unit | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [438](/filings/0001488139-25-000136.md) | [501](/filings/0001628280-25-048545.md) | [533 d](/filings/0001488139-25-000018.md) | [353](/filings/0001628280-26-030169.md) | [472](/filings/0001628280-26-052190.md) | [526](/filings/0001628280-25-048545.md) | [401](/filings/0001628280-26-030169.md) | [515](/filings/0001628280-26-052190.md) |
| Gross margin | % | [14.9%](/filings/0001488139-25-000136.md) | [15.4%](/filings/0001628280-25-048545.md) | [12.5% d](/filings/0001488139-25-000018.md) | [14.7%](/filings/0001628280-26-030169.md) | [15.5%](/filings/0001628280-26-052190.md) | [16.0%](/filings/0001628280-25-048545.md) | [14.1%](/filings/0001628280-26-030169.md) | [17.7%](/filings/0001628280-26-052190.md) |
| Operating margin | % | [4.8%](/filings/0001488139-25-000136.md) | [7.0%](/filings/0001628280-25-048545.md) | [8.4% d](/filings/0001488139-25-000018.md) | [3.9%](/filings/0001628280-26-030169.md) | [5.9%](/filings/0001628280-26-052190.md) | [8.1%](/filings/0001628280-25-048545.md) | [2.6%](/filings/0001628280-26-030169.md) | [8.6%](/filings/0001628280-26-052190.md) |
| Net margin | % | [1.1%](/filings/0001488139-25-000136.md) | [3.5%](/filings/0001628280-25-048545.md) | [7.0% d](/filings/0001488139-25-000018.md) | [(1.6%)](/filings/0001628280-26-030169.md) | [2.7%](/filings/0001628280-26-052190.md) | [3.5%](/filings/0001628280-25-048545.md) | [(4.6%)](/filings/0001628280-26-030169.md) | [1.9%](/filings/0001628280-26-052190.md) |
| Diluted EPS | $ per share | [0.09](/filings/0001488139-25-000136.md) | [0.33](/filings/0001628280-25-048545.md) | not reported | [(0.10)](/filings/0001628280-26-030169.md) | [0.24](/filings/0001628280-26-052190.md) | [0.35](/filings/0001628280-25-048545.md) | [(0.35)](/filings/0001628280-26-030169.md) | [0.18](/filings/0001628280-26-052190.md) |
| Free cash flow | $m | [52.2 d](/filings/0001488139-25-000136.md) | [24.1 d](/filings/0001628280-25-048545.md) | [17.1 d](/filings/0001488139-25-000018.md) | [(28.7)](/filings/0001628280-26-030169.md) | [(27.0) d](/filings/0001628280-26-052190.md) | [17.4 d](/filings/0001628280-25-048545.md) | [34.9](/filings/0001628280-26-030169.md) | [(108) d](/filings/0001628280-26-052190.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2020 (2020-12-31) | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,032](/filings/0001488139-23-000014.md) | [1,216](/filings/0001488139-24-000014.md) | [1,824](/filings/0001488139-25-000018.md) | [1,375](/filings/0001488139-25-000018.md) | [1,770](/filings/0001488139-25-000018.md) |
| Gross margin | % | [18.2%](/filings/0001488139-23-000014.md) | [18.9%](/filings/0001488139-24-000014.md) | [15.9%](/filings/0001488139-25-000018.md) | [17.9%](/filings/0001488139-25-000018.md) | [14.5%](/filings/0001488139-25-000018.md) |
| Operating margin | % | [6.9%](/filings/0001488139-23-000014.md) | [7.9%](/filings/0001488139-24-000014.md) | [7.3%](/filings/0001488139-25-000018.md) | [6.0%](/filings/0001488139-25-000018.md) | [6.1%](/filings/0001488139-25-000018.md) |
| Net margin | % | [5.2%](/filings/0001488139-23-000014.md) | [5.8%](/filings/0001488139-24-000014.md) | [5.2%](/filings/0001488139-25-000018.md) | [4.5%](/filings/0001488139-25-000018.md) | [3.2%](/filings/0001488139-25-000018.md) |
| Diluted EPS | $ per share | [1.10](/filings/0001488139-23-000014.md) | [1.35](/filings/0001488139-24-000014.md) | [1.78](/filings/0001488139-25-000018.md) | [1.17](/filings/0001488139-25-000018.md) | [1.07](/filings/0001488139-25-000018.md) |
| Free cash flow | $m | [(105)](/filings/0001488139-23-000014.md) | [(177)](/filings/0001488139-24-000014.md) | [(344)](/filings/0001488139-25-000018.md) | [(75.7)](/filings/0001488139-25-000018.md) | [113](/filings/0001488139-25-000018.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/amrc/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $93.1m | 3,374,767 |  | Reduced −166,810 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $73.2m | 2,651,574 |  | Added +194,783 |
| [Grantham, Mayo, Van Otterloo & Co. LLC](/funds/1352662.md) | 2026-06-30 | $56.1m | 2,030,950 |  | Reduced −198,684 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $44.2m | 1,601,338 |  | Added +161,669 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $44.2m | 1,601,127 |  | Added +271,614 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $41.0m | 1,487,282 |  | Added +1,234,942 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $39.5m | 1,430,762 |  | Added +71,863 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $34.7m | 1,258,266 |  | Reduced −13,703 |
| [DNB Asset Management AS](/funds/1456670.md) | 2026-06-30 | $28.3m | 1,025,498 |  | Added +123,212 |
| [ROYCE & ASSOCIATES LP](/funds/906304.md) | 2026-06-30 | $27.5m | 998,183 |  | Reduced −251,725 |

## Recent filings

[All 1,154 filings](/companies/amrc/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-10 | 20:55 ET | [8-K](/filings/0001628280-26-061392.md) | 5.02 Departure or appointment of officers or directors | 0001628280-26-061392 |
| 2026-08-19 | 20:33 ET | [8-K](/filings/0001628280-26-057986.md) | 5.02 Departure or appointment of officers or directors | 0001628280-26-057986 |
| 2026-08-19 | 20:12 ET | [8-K](/filings/0001628280-26-057952.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-057952 |
| 2026-08-04 | 12:50 ET | [10-Q](/filings/0001628280-26-052190.md) | Quarterly report, period 2026-06-30 | 0001628280-26-052190 |
| 2026-08-03 | 20:07 ET | [8-K](/filings/0001628280-26-051825.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-051825 |
| 2026-07-27 | 21:07 ET | [8-K](/filings/0001628280-26-049842.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001628280-26-049842 |
| 2026-06-08 | 20:33 ET | [8-K](/filings/0001628280-26-041641.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001628280-26-041641 |
| 2026-05-12 | 20:10 ET | [8-K](/filings/0001628280-26-034108.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 9.01 Financial statements and exhibits | 0001628280-26-034108 |
| 2026-05-08 | 21:03 ET | [8-K/A](/filings/0001628280-26-032993.md) | 9.01 Financial statements and exhibits | 0001628280-26-032993 |
| 2026-05-05 | 12:42 ET | [10-Q](/filings/0001628280-26-030169.md) | Quarterly report, period 2026-03-31 | 0001628280-26-030169 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-013574.md), filed Mar 3, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/c48702b5-be5d-4455-843f-a696d68e6d26)

## About the filer

- CIK: 1488139
- Tickers: AMRC
- Exchange: NYSE
- SIC code: 1700 Construction - Special Trade Contractors
- State of incorporation: DE
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:41 ET. No prices; not investment advice.