Energy Services of America Corp. (ESOA) intrinsic value & 10-year financials

Energy Services of America Corp. (ESOA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 11.4% a year to $411.0M, with an average return on invested capital of 6.2%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$9.21
Market cap
$153.7M
Revenue (FY2025)
$411.0M
Revenue growth (10-yr CAGR)
11.4%
ROIC (10-yr avg)
6.2%
Free cash flow (FY2025)
-$2.2M

ESOA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $411.0M — $0.02 -$2.2M 1.0% —
FY2024 $351.9M — $1.51 $9.9M 5.6% —
FY2023 $304.1M — $0.44 $10.2M 4.3% —
FY2022 $197.6M $3.9M $0.24 $3.0M 3.3% 9.3%
FY2021 $122.5M $8.8M $0.52 -$5.2M -0.7% -2.6%
FY2020 $119.2M $2.1M $0.12 $11.5M 3.1% 7.3%
FY2019 $174.5M $1.7M $0.10 $961.9K 2.2% 7.2%
FY2018 $135.5M $2.5M $0.12 $7.2M 2.9% 8.8%
FY2017 $140.5M -$387.8K -$0.05 -$1.9M 0.3% 1.0%
FY2016 $155.5M $3.2M $0.17 $3.4M 4.4% 12.6%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Energy Services of America CORP is a consistent compounder, expanding top-line revenue at 11.4% annually over the past decade.

Energy Services of America CORP has historically struggled to out-earn its cost of capital, averaging just 6.2% ROIC.

Over the decade, Energy Services of America CORP shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Energy Services of America CORP is modeled at -20.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.58 per share.

ESOA stock: frequently asked questions

What is the intrinsic value of Energy Services of America Corp. (ESOA) stock?

Graham's formula only works with positive earnings. Energy Services of America Corp. reported diluted EPS of $0.02 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Energy Services of America Corp. grown?

Revenue went from $155.5M in fiscal 2016 to $411.0M in fiscal 2025, a compound annual growth rate of 11.4%.

Does Energy Services of America Corp. generate free cash flow?

Energy Services of America Corp. generated -$2.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 7 of the last 10 reported years.

What is ESOA's return on invested capital?

Average ROIC over the last 10 fiscal years was 6.2%, and average return on equity was 11.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ESOA data come from?

From Energy Services of America Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 10, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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