Energy Services of America Corporation (ESOA) Stock

Energy Services of America Corporation (ESOA) is a Industrials stock trading at $11.80 (as of 2026-09-02), with a market capitalization of $220.18M and a trailing P/E of 67.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Energy Services of America Corporation provides contracting services for utilities and energy-related companies in the United States, including construction, replacement, and repair of natural gas pipelines and storage facilities, plus related pipeline and plant work. It also performs electrical and mechanical installation and repair, serving customers primarily in West Virginia, Virginia, Ohio, Pennsylvania, and Kentucky.

Understand Energy Services of America Corporation: how it makes money

Energy Services of America builds, repairs, and replaces natural gas pipelines, storage facilities, and electrical infrastructure for U.S. utility and energy companies, collecting project-based contracting fees. Most work comes from utility and private gas clients, so revenue is lumpy and tied to the pace of energy-sector capital spending.

Each project's labor-to-material mix and bidding discipline determine whether the thin 11% gross margin converts to real operating profit; one mispriced job can erase a full quarter of earnings given the 4% operating cushion.

Business quality (Mixed): Growth is real at 25% YoY, but 11% gross and 4% operating margins on a project-based model mean low visibility and thin downside protection at a 65x multiple.

Valuation: At 65× earnings, ESOA trades 179% above the Construction average (23×).

Bull case

  • Pipeline converting to revenue: Quarterly revenue reached $100M, up 25% year over year. For a micro-cap contractor, that step-up signals the project backlog is actively converting and the top line is no longer flat between award cycles.

Bear case

  • Multiple far ahead of growth: The stock trades at 65.3x earnings versus a 24x Construction industry average, a 179% premium. Even crediting the 25% growth, the P/E bakes in several years of flawless execution before it catches up to the sector.
  • Margins leave no slack: Gross margin sits at 11% and operating margin at 4%, which is razor-thin for a firm whose revenue is project-based. A single labor overrun or mislaid bid on one large contract can wipe out the entire quarter's operating profit.
Valuation — source: SEC EDGAR (first-party)
Price$11.80
Market Cap$220.18M
P/E Ratio67.0
EV / EBITDA8.3
Price / Book2.62
Price / Sales0.47
FCF Yield-1.0%
DCF Value (model)$3.39
DCF Upside vs Price-71.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$411.00M
Revenue Growth (YoY)25.5%
EPS Growth (YoY)38.5%
FCF Growth (YoY)721.5%
Valuation vs Sector & Industry
Stock P/E67.0
Sector P/E (Industrials)25.7
Industry P/E (Construction)22.8
vs Sector160.4%
vs Industry193.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderNEEDHAM INVESTMENT MANAGEMENT LLC ($10.50M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryConstruction
CEODouglas Vernon Reynolds
Employees1,396
CountryUS
IPO Date2006-10-03

Related Companies (Construction; 8 comparable construction companies)

  • Concrete Pumping Holdings, Inc. (BBCP)
  • Cardinal Infrastructure Group Inc. Class A Common Stock (CDNL)
  • Shimmick Corporation Common Stock (SHIM)
  • WaterBridge Infrastructure LLC (WBI)
  • Ranger Energy Services, Inc. (RNGR)
  • Nine Energy Service, Inc. (NINE)
  • SunPower Inc. (SPWR)
  • KLX Energy Services Holdings, Inc. (KLXE)
ESOA earnings history · ESOA institutional & insider holders · ESOA KPIs & operating metrics · ESOA financials · ESOA investor presentations & press releases · ESOA SEC filings · ESOA peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.