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Company Overview Ameresco is a leading energy infrastructure solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources.
Operating margin is thin at 4.65%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 28.8%, still solid.
Net debt of $1.61B represents 14.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$1.75B
▲ +28.8% YoY
Net Income (TTM)
$8M
▼ -9.1% YoY
Op. Margin
5.37%
▼ -1.3pp YoY
ROIC
2.50%
▼ -0.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$4M
▲ +249.7% YoY
Op. Cash Flow (TTM)
-$2M
▲ +268.0% YoY
Net Debt
$1.96B
Cash & Equiv.
$104M
5Y CAGR: +15.3%
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