ESOA
Energy Services of America CorporationIndustrials·Engineering & Construction
$14.93
$279M market cap
Revenue
$337.4M
Free Cash Flow
$10.2M
Rev Growth
+0.0%
FCF Margin
3.0%
P/FCF
27.4x
EV/FCF
30.1x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Energy Services of America Corporation provides contracting services for utilities and energy related companies in the United States. It constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works. The company also offers a range of electrical and mechanical installation, and repair services, including substation and
2-Year Price History
$17.47+147.5%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q2 | 93.2 | 4.7 | 1.1 | 0.2 | 3.6 | -0.1 | -3.7 | 10.1 | 37.5 | 17.6 | 4.4% | 7.6x | -- |
| Act | 2026-Q1 | 114.1 | 8.6 | 4.9 | 2.7 | 18.8 | 16.8 | -2.0 | 16.7 | 64.0 | 16.7 | 17.9% | 8.7x | -- |
| Act | 2025-Q4 | 130.1 | 11.3 | 7.5 | 4.2 | -9.3 | -6.5 | -2.8 | 12.2 | 74.3 | 16.7 | 23.1% | 10.5x | -- |
Valuation & Metrics
Market Stats
Price$14.93
Market Cap$279M
Enterprise Value$306M
P/S Ratio0.8x
P/FCF27.4x
EV/FCF30.1x
FCF Margin (TTM)3.0%
FCF Yield3.7%
Dividend Yield (TTM)0.8%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$337.4M
Net Income$7.2M
Free Cash Flow$10.2M
Revenue Growth (YoY)+0.0%
EBITDA Margin7.3%
Net Margin2.1%
FCF Margin3.0%
CapEx % of Revenue2.5%
SBC % of Revenue0.0%
ROIC15.1%
WC Change % Rev3.4%
Interest Coverage9.2x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.5M
Days to Cover5.0
Change (vs Prior)-7.3%
Need at least 2 settlement dates for chart
Employees
Headcount1,396
Revenue / Employee$241,662
Gross Profit / Employee$29,139
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
26.3%(+14.6% YoY)
95 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
9.5%(+6.4% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.2%(-0.5% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| NEEDHAM INVESTMENT MANAGEMENT LLC | $10.5M | $10.23 | +$2.8M | +$9.2M | -0.1% | $1.95B |
| HUNTINGTON NATIONAL BANK | $8.7M | $11.98 | −$197K | −$197K | -0.1% | $18.12B |
| BlackRock, Inc.Passive | $8.6M | $9.84 | −$386K | +$7.7M | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $7.7M | $13.13 | +$7.7M | +$7.7M | — | $4.04T |
| DRIEHAUS CAPITAL MANAGEMENT LLC | $6.5M | $13.13 | +$6.5M | +$6.5M | +0.3% | $13.60B |
| Stokes Family Office, LLC | $6.1M | $7.89 | −$2K | +$0 | +0.1% | $969M |
| DIMENSIONAL FUND ADVISORS LPPassive | $4.6M | $7.10 | −$186K | +$1.1M | -0.4% | $480.92B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $3.8M | $7.81 | +$198K | +$2.1M | +2.3% | $1.61T |
| MARSHALL WACE, LLP | $3.8M | $12.09 | +$3.1M | +$3.1M | +0.6% | $92.71B |
| MACKENZIE FINANCIAL CORP | $3.5M | $12.95 | +$3.2M | +$3.5M | -0.2% | $83.32B |
| TWO SIGMA INVESTMENTS, LP | $3.3M | $11.93 | +$2.3M | +$2.9M | -0.9% | $117.03B |
| STATE STREET CORPPassive | $3.1M | $9.94 | +$486K | +$2.4M | -0.2% | $2.89T |
| ALGERT GLOBAL LLC | $3.1M | $12.81 | +$2.9M | +$3.1M | +0.1% | $6.63B |
| RENAISSANCE TECHNOLOGIES LLC | $2.9M | $7.01 | +$2.0M | +$1.6M | +1.2% | $63.91B |
| THOMPSON SIEGEL & WALMSLEY LLC | $2.3M | $13.13 | +$2.3M | +$2.3M | -0.2% | $5.66B |
| RAFFLES ASSOCIATES LP | $2.2M | $3.57 | −$381K | −$102K | -1.4% | $115M |
| Bank of New York Mellon Corp | $2.1M | $12.00 | +$321K | +$664K | -0.2% | $543.21B |
| D. E. Shaw & Co., Inc. | $2.0M | $12.66 | +$1.7M | +$1.7M | -0.3% | $118.02B |
| LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC | $1.7M | $13.13 | +$1.7M | +$1.7M | -0.0% | $25.38B |
| AMERICAN CENTURY COMPANIES INC | $1.6M | $9.48 | −$918K | −$19K | +0.7% | $193.48B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.09%
avg per quarter
Holders (ex-self)
-0.10%
excl. this stock
Buyers (this Q)
-0.25%
61 buyers · $0.06B in
Sellers (this Q)
-0.24%
33 sellers · $-0.01B out
alpha coverage: 92% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-9.5%
how holders react when this stock falls
On quiet Qs
+1.8%
−10% to +10% baseline
On rallies (+10%+)
-2.3%
how they react when this stock rises
Holders' portfolio flow this Q
+3.0%
inflows — adds are organic
Sellers' portfolio flow this Q
-1.9%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-6.2%
Holder mid (any stock)
-4.8%
Holder rally (any stock)
-6.4%
Biggest decreases this quarter
BALYASNY ASSET MANAGEMENT LLCexited−$2.7MAMERICAN CENTURY COMPANIES INC−$918Kα+0.7FourWorld Capital Management LLCexited−$654KSG Americas Securities, LLCexited−$405KBlackRock, Inc.−$386Kα-0.2RAFFLES ASSOCIATES LP−$381Kα-1.4PharVision Advisers, LLCexited−$308KACADIAN ASSET MANAGEMENT LLCexited−$212KHUNTINGTON NATIONAL BANK−$197Kα-0.1DIMENSIONAL FUND ADVISORS LP−$186Kα-0.4
New buyers this quarter
Top-5 holders · 35.4%
NEEDHAM INVESTMENT MANAGEMENT LLC--
HUNTINGTON NATIONAL BANK--
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
DRIEHAUS CAPITAL MANAGEMENT LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
THOMPSON DAVIS & CO., INC.20KNEEDHAM INVESTMENT MANAGEMENT LLC800KHUNTINGTON NATIONAL BANK664KDRIEHAUS CAPITAL MANAGEMENT LLC492KStokes Family Office, LLC462KMORGAN STANLEY28KTruffle Hound Capital, LLC—BALYASNY ASSET MANAGEMENT LLC—MILLENNIUM MANAGEMENT LLC59KMARSHALL WACE, LLP286K
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$25.006740.0%
Last Year (1 analysts)$25.006740.0%
Current Price$14.93
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$837K
1 txn · 1 insider · 100,000 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$159K
5 txns · 1 insider · 15,409 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-03-20 | BUY | REYNOLDS DOUGLAS V | director, 10 percent owner, officer: President | 4,809 | $13.26 | $64K | $19.64M |
| 2026-03-19 | BUY | REYNOLDS DOUGLAS V | director, 10 percent owner, officer: President | 1,500 | $13.04 | $20K | $19.25M |
| 2025-12-19 | BUY | REYNOLDS DOUGLAS V | director, 10 percent owner, officer: President | 4,000 | $8.07 | $32K | $11.90M |
| 2025-12-18 | BUY | REYNOLDS DOUGLAS V | director, 10 percent owner, officer: President | 2,600 | $8.35 | $22K | $12.28M |
| 2025-12-17 | BUY | REYNOLDS DOUGLAS V | director, 10 percent owner, officer: President | 2,500 | $8.65 | $22K | $12.70M |
| 2025-12-17 | SELL | REYNOLDS MARSHALL T | director | 100,000 | $8.37 | $837K | $11.93M |
Order Flow (FINRA, ~3w lag)
22.5%retail-0.9pp
20.6%dark-1.0pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Energy Services of America CORP: Robust Cash Conversion Overshadowed by SBA Regulatory Hanging Sword
Overall Risk
5/10
Fraud
2/10
Dilution
3/10
Insolvency
4/10
Earnings Overstated
4/10
Hidden Liabilities
6/10
Legal
5/10
Audit Warnings
6/10
Hidden Upside
7/10
Contextually Acceptable
7/10