Ameresco (AMRC) financial statements
Ameresco reported revenue of $1.8B in fiscal 2024, up 12.1% a year over 9 years.
Net income was $57M and the operating margin 6.1%, against 1.1% in 2015.
Free cash flow was $113M.
The diluted share count rose 11% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ameresco's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $631M | $651M | $717M | $787M | $867M | $1.0B | $1.2B | $1.8B | $1.4B | $1.8B |
| Cost of revenue | $514M | $517M | $573M | $614M | $699M | $845M | $985M | $1.5B | $1.1B | $1.5B |
| Gross profit | $117M | $134M | $144M | $174M | $168M | $188M | $230M | $291M | $246M | $256M |
| Selling, general and admin | $110M | $111M | $108M | $115M | $117M | $116M | $133M | $159M | $162M | $174M |
| Operating income | $7M | $24M | $37M | $59M | $52M | $71M | $95M | $133M | $82M | $109M |
| Interest expense | $5M | $7M | $9M | $15M | $13M | $13M | $15M | $18M | $27M | — |
| Pre-tax income | $292,000 | $16M | $29M | $42M | $37M | $56M | $78M | $106M | $38M | $34M |
| Income tax | $5M | $4M | -$5M | $5M | -$4M | -$494,000 | -$2M | $7M | -$26M | -$20M |
| Net income | $844,000 | $12M | $37M | $38M | $44M | $54M | $70M | $95M | $62M | $57M |
| EPS (diluted) | $0.02 | $0.26 | $0.82 | $0.81 | $0.93 | $1.10 | $1.35 | $1.78 | $1.17 | $1.07 |
| Diluted shares | 48M | 46M | 46M | 47M | 48M | 49M | 52M | 53M | 53M | 53M |
| Gross margin | 18.6% | 20.6% | 20.1% | 22.1% | 19.4% | 18.2% | 18.9% | 15.9% | 17.9% | 14.5% |
| Operating margin | 1.1% | 3.7% | 5.1% | 7.5% | 6.0% | 6.9% | 7.9% | 7.3% | 6.0% | 6.1% |
| Net margin | 0.1% | 1.8% | 5.2% | 4.8% | 5.1% | 5.2% | 5.8% | 5.2% | 4.5% | 3.2% |
Balance sheet
Fiscal years, from Ameresco's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $22M | $21M | $24M | $61M | $33M | $66M | $50M | $116M | $79M | $109M |
| Inventory | $13M | $12M | $8M | $8M | $9M | $9M | $9M | $14M | $14M | $12M |
| Total current assets | $264M | $226M | $287M | $311M | $425M | $491M | $639M | $1.0B | $1.1B | $1.3B |
| Property, plant and equipment | $5M | $5M | $5M | $7M | $10M | $9M | $13M | $16M | $17M | $11M |
| Goodwill | $59M | $58M | $56M | $58M | $58M | $59M | $71M | $71M | $76M | $66M |
| Total assets | $723M | $797M | $984M | $1.2B | $1.4B | $1.8B | $2.2B | $2.9B | $3.7B | $4.2B |
| Total current liabilities | $180M | $191M | $202M | $223M | $337M | $383M | $474M | $812M | $901M | $889M |
| Long-term debt | $100M | $141M | $173M | $219M | $266M | $312M | $377M | $569M | $1.2B | $1.5B |
| Total liabilities | $436M | $503M | $647M | $785M | $945M | $1.3B | $1.5B | $2.0B | $2.8B | $3.1B |
| Shareholders' equity | $290M | $294M | $337M | $377M | $429M | $493M | $704M | $824M | $902M | $1.0B |
| Net debt | $92M | $139M | $171M | $185M | $303M | $315M | $406M | $785M | $1.4B | $1.5B |
Cash flow
Fiscal years, from Ameresco's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$50M | -$53M | -$136M | -$53M | -$196M | -$103M | -$172M | -$338M | -$70M | $118M |
| Capital spending | $1M | $3M | $3M | $4M | $7M | $2M | $5M | $5M | $6M | $4M |
| Free cash flow | -$51M | -$55M | -$138M | -$57M | -$203M | -$105M | -$177M | -$344M | -$76M | $113M |
| Stock-based compensation | $2M | $1M | $1M | $1M | $2M | $2M | $9M | $15M | $10M | $14M |
| Share buybacks (net) | $0 | -$6M | -$3M | -$2M | -$144,000 | -$6,000 | $0 | $0 | — | — |
| Net borrowing | $5M | $24M | -$6M | $52M | $15M | $42M | $88M | $307M | $540M | — |
| Free cash flow margin | -8.1% | -8.5% | -19.3% | -7.3% | -23.4% | -10.2% | -14.6% | -18.8% | -5.5% | 6.4% |
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Open AMRC in InvestinglyQuestions
What was Ameresco's revenue in 2024?
$1.8B in fiscal 2024, from its 10-K filing.
How much free cash flow does Ameresco generate?
$113M in fiscal 2024 (operating cash flow minus capital spending).
From Ameresco's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.