Energy Services of America CORP
ESOA · Water, Sewer, Pipeline, Comm & Power Line Construction · 18.7M shares · +5%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $10K (gross $41K, SBC $32K)
Reference price $16.26 · est. market cap ~$303M — last insider purchase, 2026-06-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C60Regional utility-construction contractor growing revenue but running thin, commodity-like margins and elevated leverage.
Strengths
- 17% revenue growth and long cash runway (22 quarters, 86th pct)
- Diversified utility customer base across gas, water and electrical/mechanical work
Risks
- Thin gross margin (9.4%, 9th pct) and ~1% operating margin; slightly negative FCF
- Elevated debt-to-equity (1.22, 83rd pct); seasonal, bid-driven, low-margin business
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Cash burnNegative free cash flow (-2.2M)
- Customer concentration~23% of revenue from one customer/distributor — 0 % $ 70,303,115 23
- Insider buyingInsider buying — 3 open-market buy(s) by 1 insider(s) (~$180,887, last 6mo) Form 4 ↗
- Insider sellingInsider selling — 5 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$4M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
9.4%
Operating margin
1.0%
ROIC
2.5%
Revenue growth (QoQ)
70.2%
Debt / equity
1.2×
Current ratio
1.5×
Free cash flow
-$2M
Tangible book value
$44M
Cash & investments
$12M
Cash runway
22q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | Taylor Troy Alan | Tax withheld | 498 | — |
| 2026-06-22 | Taylor Troy Alan | Tax withheld | 498 | — |
| 2026-06-18 | REYNOLDS DOUGLAS V | Buy | 6.0K | $16.26 |
| 2026-06-01 | REYNOLDS MARSHALL T | Sell | 35K | $14.98 |
| 2026-05-29 | REYNOLDS MARSHALL T | Sell | 65K | $15.70 |
| 2026-05-28 | REYNOLDS MARSHALL T | Sell | 43K | $16.32 |
| 2026-05-27 | REYNOLDS MARSHALL T | Sell | 57K | $17.19 |
| 2026-05-27 | Prince Mark | Sell | 33K | $17.80 |
| 2026-03-20 | REYNOLDS DOUGLAS V | Buy | 4.8K | $13.26 |
| 2026-03-19 | REYNOLDS DOUGLAS V | Buy | 1.5K | $13.04 |
| 2026-01-29 | Crimmel Charles P. | Tax withheld | 521 | — |
| 2026-01-29 | Crimmel Charles P. | Grant | 2.8K | — |
| 2025-12-19 | REYNOLDS DOUGLAS V | Buy | 4.0K | $8.07 |
| 2025-12-18 | REYNOLDS DOUGLAS V | Buy | 2.6K | $8.35 |
| 2025-12-17 | REYNOLDS DOUGLAS V | Buy | 2.5K | $8.65 |
| 2025-12-17 | REYNOLDS MARSHALL T | Sell | 100K | $8.37 |
| 2025-12-17 | REYNOLDS DOUGLAS V | Tax withheld | 3.3K | — |
| 2025-05-19 | Crimmel Charles P. | Buy | 500 | $9.40 |
| 2025-05-16 | Farrell Patrick J | Buy | 1.8K | $8.46 |
| 2025-02-12 | Prince Mark | Buy | 21K | $10.96 |
| 2025-01-17 | Crimmel Charles P. | Tax withheld | 269 | $13.02 |
| 2025-01-15 | Crimmel Charles P. | Grant | 2.0K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-17 | 0001104659-26-075770 ↗ |
| 8-K | 2026-06-11 | 2026-06-11 | 0001104659-26-072642 ↗ |
| 8-K | 2026-06-02 | 2026-06-02 | 0001104659-26-069516 ↗ |
| 8-K | 2026-05-21 | 2026-05-20 | 0001104659-26-065181 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001104659-26-058687 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0001104659-26-058681 ↗ |
| 8-K | 2026-03-23 | 2026-03-23 | 0001104659-26-033083 ↗ |
| 8-K | 2026-03-20 | 2026-03-20 | 0001104659-26-032750 ↗ |
| 8-K | 2026-02-24 | 2026-02-24 | 0001104659-26-019163 ↗ |
| 8-K | 2026-02-20 | 2026-02-20 | 0001104659-26-018222 ↗ |
| 8-K | 2026-02-19 | 2026-02-18 | 0001104659-26-017301 ↗ |
| 8-K | 2026-02-19 | 2026-02-18 | 0001104659-26-017313 ↗ |