Companies: 10,795·Total market cap: $144.5T
Ameresco, Inc.

Ameresco, Inc.

AMRCNYSEIndustrials● Active
$28.20
$-0.26(-0.90%)
Market Cap$1.5B
P/E Ratio—
52W High$44.93
52W Low$14.08
Free Cash FlowFinancialsRevenue

Ameresco, Inc. (AMRC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AMRC · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$436.4M for FY2025 (fiscal year ending 2025-12-31), down 36.0% year-over-year The FCF margin was -22.6%.

FY2025 Free Cash Flow−$436.4M▼ -36.0% YoY
Trailing 12M (TTM)−$251.0Mtrailing 4 quarters sum
FCF Margin-22.6%−$436.4M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
amrc free cash flow history · amrc free cash flow chart · amrc free cash flow growth rate · amrc free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$436.4M▼ 36.0%-22.6%
FY2024−$320.7M▲ +48.4%-18.1%
FY2023−$621.8M▲ +6.7%-45.2%
FY2022−$666.2M▼ 87.1%-36.5%
FY2021−$356.1M▼ 24.8%-29.3%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
amrc free cash flow 2025 · amrc free cash flow 2024 · amrc free cash flow 2023 · amrc operating cash flow

FCF valuation metrics

Ameresco, Inc. (AMRC) reported negative free cash flow of −$0.44B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)
N/A
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
N/A
TTM FCF ÷ Shares Outstanding
Price / FCF
N/A
Share Price ÷ FCF per Share
EV / FCF (TTM)
N/A
Enterprise Value basis
!

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
amrc price to free cash flow · amrc free cash flow yield · amrc free cash flow per share · amrc price to cash flow ratio

Cash flow statement summary

For FY2025, Ameresco, Inc. generated −$80.4M in operating cash flow and spent 356M in capital expenditures, yielding −$436.4M in free cash flow.

Operating Activities
−$80.4M
Cash from core business operations
2025-12-31
Investing Activities
−$251.3M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$318.4M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF (−$80.4M) − |CapEx| (356M) = FCF (−$436.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
amrc cash flow statement · amrc cash flow statement 2025 · amrc operating cash flow · amrc cash flow from operations

Free cash flow vs peers (Industrials)

#CompanyFree Cash FlowYoY
#1
Ameresco, Inc.
Ameresco, Inc.YOU
AMRC
−$436.4M-36.0%
#2
Caterpillar Inc.
Caterpillar Inc.
CAT
$10.27B+16.5%#3
RTX Corporation
RTX Corporation
RTX
$7.94B+75.1%#4
GE Aerospace
GE Aerospace
GE
$7.26B+97.5%#5
The Boeing Company
The Boeing Company
BA
−$1.88B+87.0%#6
Space Exploration Technologies Corp.
Space Exploration Technologies Corp.
SPCX
−$13.95B-159.0%
Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ameresco, Inc. (AMRC) reported free cash flow of −$436.4M for FY2025 (fiscal year ending 2025-12-31), down 36.0% year-over-year. The FCF margin was -22.6%.

Based on available data, Ameresco, Inc. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $35.3M in FY2012.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

AMRC free cash flow · 8 questions

Ameresco, Inc. free cash flow was −$436.4M for FY2025, down 36.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$251.0M.

AMRC free cash flowAMRC FCFAMRC FCF 2025AMRC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ameresco, Inc. · Ameresco, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026