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MYR Group Inc. (MYRG) stock

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NASDAQ: MYRG Nasdaq Construction & Engineering Next results ~January 27, 2027

B Fundamentals grade

MYR Group Inc. is a US-listed company in the construction & engineering industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$190

Cash-flow model

Base case. Range ~$140–$250 across our lower- and higher-growth cases (5.5%–15.5% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 32% below it.

Price used: $278.24, November 2, 2026

MYR Group Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 20 sales by directors and officers, last 12 monthsInsider trades
  • Funds248 adding, 209 cuttingOf 74 active managers that changed their stake, 31 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter MYR Group files

10-Q filed October 28: MYR

Model value +6.2%

MYR Group's revenue reached $4.31bn in the twelve months to September 2026, a 22.8% increase on the prior year and an acceleration from the 16.1% growth recorded a quarter earlier. Profitability, however, moved the other way: free-cash-flow margin slipped to 3.2%, down from 4.4% a year earlier. Our model value has climbed from $184 to $196 a share, yet the shares trade at $267, well above that mark. The rating remains Sell. At the current price, our model implies the market expects cash-flow growth of around 18.8% a year over the next five years, a pace well ahead of the 11.5% a year revenue growth the company has actually delivered.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where MYR stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.01bn, up 16.1% on a year earlier, faster than the 13.1% growth a quarter earlier. Free-cash-flow margin rose to 4.8% from 3.1% a year earlier. Operating margin widened to 5.6% from 3.6%. The diluted share count is down 2.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 7 of our 7 financial-health checks. Our cash-flow model value is $184 a share, against a share price of $262. At that price, our model says the market is pricing in about 17.6% a year of cash-flow growth for five years, faster than the 9.9% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

MYR Group Inc.'s trailing-twelve-month revenue grew 22.8% year on year, with a free-cash-flow margin of 3.2%.

Our discounted-cash-flow model values the business at ~$190 per share in the base case (~$140–$250 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 12.2% while net income grew 97.5%: a 110pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 22.8% over the last 12 months, against a median of 21.2% for construction & engineering companies we cover.
  • Growth speeding up. The growth rate is 6.7 points higher than a quarter earlier.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 7.3% over 90 days.

Things to watch

  • Priced above our value. The share price of $278.24 is 32% above our value per share of $190.
  • Volatile shares. Over the past year the shares showed annualised volatility of 50% and a beta of 1.8 against the S&P 500.
  • Insiders selling. 5 insiders sold $11M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was 71% of net income over the last 12 months.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$3.82 against an average estimate of $2.98: beat by 28.4%
Revenue
$1.26bn, up 32.5% on a year earlier
Share reaction
+6.1% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026; average EPS estimate $3.12

MYR Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.5%
  • 1 week+6.8%
  • 1 month-8.7%
  • This year+27.3%
  • 1 year+27.8%
  • 5 years+157.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.3B
Operating margin
6.1%
Net margin
4.5%
EPS (TTM, diluted)
$12.31

Growth

Revenue growth
+22.8%
Change in growth rate
+6.7 pts
Share count change
−1.0%

Cash

Free cash flow (TTM)
$137M
FCF margin
3.2%
Stock pay % of revenue
0.4%

Earnings

Last results
October 28, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Agreement
  5. Announcement
  6. Announcement
  7. Announcement
  8. Announcement
  9. Announcement
  10. Results
  11. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

MYR Group Inc. valuation models and calculator

What the price is pricing in

The share price implies about 18.7% a year of cash-flow growth for five years.That is faster than the 11.5% a year revenue growth MYR Group has delivered.

  • Priced in18.7%
  • Last 12 months22.8%
  • 3 years a year7.2%
  • 5 years a year11.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($290.73, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$190
Price used
$290.73close November 3, 2026
Implied change
▼ 35%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of MYR Group Inc.'s free cash flow after stock-based pay with after-tax interest added back ($111M, FY2026 Q3 TTM), growing 13.8% and 11.2% in the next two years (forecasts, guidance and its record), then back to 10.5% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$140–~$250 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of MYR Group Inc.'s free cash flow after stock-based pay ( $111M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value MYR Group Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11%: the 10-year Treasury yield (4.9%) plus a beta of 1.35 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$190 ~$140–$250 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$210 ~$180–$290 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$95 ~$67–$140 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$86 ~$77–$99 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$150 ~$86–$210 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare MYR Group Inc. with Construction & Engineering in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −31%
  • Last year's free-cash-flow margin change, if it persists ▼ −28%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $91$128$177$242$326$434
8.5% $67$94$129$175$235$312
10% $52$73$100$136$181$240

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$37.68$35.73$28.17$32.59$60.10$110.55$92.07$144.63$148.77$218.50$278.24
Market value$658m$589m$467m$544m$1.0bn$1.9bn$1.6bn$2.4bn$2.5bn$3.4bn$4.4bn
+ Net debt (− = net cash)$35m$74m$82m$153m$7m−$78m−$10m$11m$71m−$91m$190m
Enterprise value$693m$663m$549m$698m$1.0bn$1.8bn$1.6bn$2.4bn$2.5bn$3.3bn$4.6bn
Multiples
Price / sales 0.6x0.4x0.3x0.3x0.5x0.8x0.5x0.7x0.7x0.9x1.0x
Price / earnings 30.7x27.9x15.0x14.4x17.3x22.3x18.7x26.8x81.2x29.0x22.6x
Price / free cash flow 22.6x—13.7x77.0x7.8x22.4x17.3x—n/m14.8x31.9x
EV / EBITDA 8.9x9.7x6.1x6.9x7.7x11.0x9.0x13.0x21.2x14.3x13.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

53 /100

Moderate moat

How hard MYR Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 8 / 20

    Cash operating profit has been a median 7.1% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 11.3%, moving by 1.4 percentage points (standard deviation) across 9 years.

  • Durability 7 / 20

    Operating margin has been a median 3.7%; its worst year was 1.7%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 9 of 9 years, at a median 1.8% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 8.4% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $12.37 +64% $4.5bn +24%
Next $14.84 +20% $5.1bn +13%

Next year's EPS estimate has moved +7.3% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.7% on 90 days ago. In the last 30 days, 5 analysts raised MYR Group Inc.'s forecast and 1 cut it.

Consensus EPS forecast MYR Group Inc., last 90 days
$11.00 $12.00 $13.00 $14.00 $15.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $11.82 Current fiscal year, 60 days ago: $12.19 Current fiscal year, 30 days ago: $12.19 Current fiscal year, 7 days ago: $12.13 Current fiscal year, Now: $12.37 $12.37 Next fiscal year, 90 days ago: $13.83 Next fiscal year, 60 days ago: $14.57 Next fiscal year, 30 days ago: $14.57 Next fiscal year, 7 days ago: $14.44 Next fiscal year, Now: $14.84 $14.84

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $11.82$13.83
60 days ago $12.19$14.57
30 days ago $12.19$14.57
7 days ago $12.13$14.44
Now $12.37$14.84

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.98 $3.82 +28.4%
Jun 2026 $2.64 $3.17 +19.9%
Mar 2026 $2.05 $2.99 +45.7%
Dec 2025 $1.86 $2.33 +25.5%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows MYR Group Inc.'s revenue by +13.8% next year and +11.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.4%, weight 66%) and the company's own record (+10.5%, weight 34%) . How the weights are set.

Analyst recommendations

7 analysts, Oct 2026
Buy457%
Hold343%
Sell00%

Monthly trend

  1. Oct 2026437
  2. Sep 2026347
  3. Aug 2026347

Counts of recommendations published by analysts covering MYR Group Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.1%
of tradable shares
Days to cover
3.09
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.9%
of shares
Employees
9,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +27.8%

$217.70 on October 31, 2025 to $278.24

ThenNowEffect
Revenue (last 12 months) $3.5bn $4.0bn +16.1%
Net margin 2.2% 4.1% +86.5%
P/E multiple 45.7x 26.4x −42.2%
Share count 16m 16m +2.2%

Biggest factor: net margin.

Last 3 years +137.8%

$117.02 on November 3, 2023 to $278.24

ThenNowEffect
Revenue (last 12 months) $3.4bn $4.0bn +19.1%
Net margin 2.6% 4.1% +56.9%
P/E multiple 22.3x 26.4x +18.4%
Share count 17m 16m +7.4%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MYRG+84%−17%+57%+3%+47%+27%
Industry peers (median)+38%−8%+43%+48%+25%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MYRG75%42%67%50%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MYRG−16%−30%−26%−50%−35%−49%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 62% from April 26, 2017 to March 18, 2020. Getting back needed a 160% gain, reached on October 12, 2020, 208 days after the low.

Price behaviour

52-week range
$203.61 – $501.13
From 52-week high
−44.5%
vs 50-day average
−3.7%
vs 200-day average
−17.1%
Volatility (1 year)
50%
Beta vs S&P 500
1.81

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±8.5%
After a week
5 up, 6 down
typical move ±13.5%
After a month
5 up, 6 down
typical move ±15.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +6.1% 0.0% — —
July 29, 2026 −2.9% +0.1% −2.0% −9.2%
April 29, 2026 +22.3% +1.0% +37.4% +40.5%
February 25, 2026 −2.3% +0.3% −1.6% −3.6%
October 29, 2025 −2.2% −1.1% +8.0% +2.8%
July 30, 2025 −2.3% −0.5% −6.3% −3.3%
April 30, 2025 +17.1% +0.7% +23.6% +24.9%
February 26, 2025 −1.1% −1.5% +2.4% −4.6%
October 30, 2024 +12.5% −2.3% +28.6% +35.6%
July 31, 2024 −21.6% +0.2% −28.4% −28.1%
May 1, 2024 −8.6% +0.6% −6.4% −6.7%
February 28, 2024 −2.9% +0.2% −3.4% +5.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How MYR Group Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

MYR Group Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) MYR Group Inc.
$3B $3.5B $4B $4.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $3.6B Revenue (TTM), FY24 Q1: $3.6B Revenue (TTM), FY24 Q2: $3.6B Revenue (TTM), FY24 Q3: $3.5B Revenue (TTM), FY24 Q4: $3.4B Revenue (TTM), FY25 Q1: $3.4B Revenue (TTM), FY25 Q2: $3.5B Revenue (TTM), FY25 Q3: $3.5B Revenue (TTM), FY25 Q4: $3.7B Revenue (TTM), FY26 Q1: $3.8B Revenue (TTM), FY26 Q2: $4B Revenue (TTM), FY26 Q3: $4.3B $4.3B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $3.6B
FY24 Q1 $3.6B
FY24 Q2 $3.6B
FY24 Q3 $3.5B
FY24 Q4 $3.4B
FY25 Q1 $3.4B
FY25 Q2 $3.5B
FY25 Q3 $3.5B
FY25 Q4 $3.7B
FY26 Q1 $3.8B
FY26 Q2 $4B
FY26 Q3 $4.3B
Revenue growth, TTM YoY MYR Group Inc.
-10% 0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 21.1% Revenue growth, TTM YoY, FY24 Q1: 14.6% Revenue growth, TTM YoY, FY24 Q2: 6.7% Revenue growth, TTM YoY, FY24 Q3: 0.9% Revenue growth, TTM YoY, FY24 Q4: -7.7% Revenue growth, TTM YoY, FY25 Q1: -7.3% Revenue growth, TTM YoY, FY25 Q2: -3.8% Revenue growth, TTM YoY, FY25 Q3: -0.6% Revenue growth, TTM YoY, FY25 Q4: 8.8% Revenue growth, TTM YoY, FY26 Q1: 13.1% Revenue growth, TTM YoY, FY26 Q2: 16.1% Revenue growth, TTM YoY, FY26 Q3: 22.8% 22.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 21.1%
FY24 Q1 14.6%
FY24 Q2 6.7%
FY24 Q3 0.9%
FY24 Q4 -7.7%
FY25 Q1 -7.3%
FY25 Q2 -3.8%
FY25 Q3 -0.6%
FY25 Q4 8.8%
FY26 Q1 13.1%
FY26 Q2 16.1%
FY26 Q3 22.8%
Operating margin (TTM) MYR Group Inc.
0% 2% 4% 6% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 3.5% Operating margin (TTM), FY24 Q1: 3.5% Operating margin (TTM), FY24 Q2: 2.0% Operating margin (TTM), FY24 Q3: 1.7% Operating margin (TTM), FY24 Q4: 1.6% Operating margin (TTM), FY25 Q1: 1.9% Operating margin (TTM), FY25 Q2: 3.6% Operating margin (TTM), FY25 Q3: 4.3% Operating margin (TTM), FY25 Q4: 4.6% Operating margin (TTM), FY26 Q1: 5.2% Operating margin (TTM), FY26 Q2: 5.6% Operating margin (TTM), FY26 Q3: 6.1% 6.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 3.5%
FY24 Q1 3.5%
FY24 Q2 2.0%
FY24 Q3 1.7%
FY24 Q4 1.6%
FY25 Q1 1.9%
FY25 Q2 3.6%
FY25 Q3 4.3%
FY25 Q4 4.6%
FY26 Q1 5.2%
FY26 Q2 5.6%
FY26 Q3 6.1%
FCF margin (TTM) MYR Group Inc.
-2% 0% 2% 4% 6% 8% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -0.4% FCF margin (TTM), FY24 Q1: -1.4% FCF margin (TTM), FY24 Q2: -0.1% FCF margin (TTM), FY24 Q3: 0.7% FCF margin (TTM), FY24 Q4: 0.3% FCF margin (TTM), FY25 Q1: 2.9% FCF margin (TTM), FY25 Q2: 3.1% FCF margin (TTM), FY25 Q3: 4.4% FCF margin (TTM), FY25 Q4: 6.3% FCF margin (TTM), FY26 Q1: 6.0% FCF margin (TTM), FY26 Q2: 4.8% FCF margin (TTM), FY26 Q3: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -0.4%
FY24 Q1 -1.4%
FY24 Q2 -0.1%
FY24 Q3 0.7%
FY24 Q4 0.3%
FY25 Q1 2.9%
FY25 Q2 3.1%
FY25 Q3 4.4%
FY25 Q4 6.3%
FY26 Q1 6.0%
FY26 Q2 4.8%
FY26 Q3 3.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar MYR Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $3.7B
  2. Cost of revenue $3.2B · 88.4%
  3. Gross profit $424M · 11.6%
  4. Selling, general and admin $256M · 7.0%
  5. Operating income $167M · 4.6%
  6. Income tax $42.9M · 1.2%
  7. Net income $118M · 3.2%

Shares of revenue. Source: MYR Group's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 1,142 1,403 1,531 2,071 2,247 2,498 3,009 3,644 3,362 3,658 4,315
Gross profit 135 125 167 214 276 325 344 364 290 424 560
EBITDA 78 68 90 102 133 165 173 188 119 233 342
Operating income 39 30 50 57 87 119 115 129 54 167 264
Net income 21 21 31 38 59 85 83 91 30 118 193
Diluted EPS $1.23 $1.28 $1.87 $2.26 $3.48 $4.95 $4.91 $5.40 $1.83 $7.53 $12.31
Growth (year on year)
Revenue — +22.8% +9.1% +35.3% +8.5% +11.2% +20.4% +21.1% −7.7% +8.8% +22.8%
EBITDA — −12.5% +32.4% +12.7% +30.8% +23.9% +5.0% +8.8% −36.6% +95.7% +58.1%
Operating income — −23.7% +70.2% +13.6% +51.4% +37.0% −3.1% +12.3% −58.1% — +75.6%
Net income — — — +21.2% — +44.7% −1.9% +9.1% −66.7% — +97.5%
Diluted EPS — — — +20.9% — +42.2% −0.8% +10.0% −66.1% — +99.4%
Margins
Gross margin 11.8% 8.9% 10.9% 10.3% 12.3% 13.0% 11.4% 10.0% 8.6% 11.6% 13.0%
EBITDA margin 6.8% 4.9% 5.9% 4.9% 5.9% 6.6% 5.8% 5.2% 3.5% 6.4% 7.9%
Operating margin 3.4% 2.1% 3.3% 2.8% 3.9% 4.7% 3.8% 3.5% 1.6% 4.6% 6.1%
Net margin 1.9% 1.5% 2.0% 1.8% 2.6% 3.4% 2.8% 2.5% 0.9% 3.2% 4.5%
Free-cash-flow margin 2.5% −2.9% 2.2% 0.3% 5.8% 3.4% 3.0% −0.4% 0.3% 6.3% 3.2%
Cash flow
Cash from operations 54 −9 85 65 175 137 167 71 87 327 249
Capital spending 25 31 51 58 44 52 77 85 76 94 112
Free cash flow 29 −40 34 7 131 85 90 −14 11 232 137
Stock-based pay 5 4 3 4 6 7 8 8 9 15 18
Free cash flow after stock pay 24 −44 31 3 125 77 83 −22 3 217 119
Balance sheet
Cash 24 5 8 12 23 82 51 25 3 150 26
Total debt 59 79 90 166 29 5 41 36 74 59 216
Net debt (negative = net cash) 35 74 82 153 7 −78 −10 11 71 −91 190
Diluted shares 17m 16m 17m 17m 17m 17m 17m 17m 17m 16m 16m
Returned to shareholders
Buybacks 101 3 1 1 0 0 37 3 75 75 1
Total returned 101 3 1 1 0 0 37 3 75 75 1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · September 30, 2026
What it owns · $2.1bn
Short-term assets $1.2bnLonger-term assets $920m
What it owes, and who funded it · $2.1bn
Short-term liabilities $889mLonger-term liabilities $399mShareholders' equity $819m
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $889m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.2bn short-term assets against $399m of longer-dated liabilities.
  • More cash than debt $26m of cash against $216m of debt.
  • Debt below 40% of shareholders' equity Debt is 26% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 9% to 26% over five years.
  • A year's operating cash flow covers at least 20% of debt $249m of operating cash flow against $216m of debt.
  • Operating profit covers interest at least five times over Operating income of $264m against $6m of interest.

From MYR Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$1.3M
Returned to shareholders
1%
of free cash flow
Buybacks, last 3 fiscal years
$153M
Diluted share count
−1.0%
year over year
Total shareholder yield
0.0%
dividends 0.0% + buybacks 0.0% of market value
Sales & admin spending
6.7%
of revenue
Days sales outstanding
68 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in construction & engineering
Last 12 months unless stated MYRG STRL ECG IESC FIX GVA Median
Revenue, last 12 months $4.3bn $4.3bn $4.3bn $4.0bn $5.3bn $5.3bn $1.5bn
Revenue growth, last 12 months 22.8% 93.1% 30.5% 22.7% −36.6% 25.1% 21.2%
Revenue growth, 3-year average 7.2% 30.6% — 19.3% 2.0% 16.4% 11.3%
Revenue growth, latest quarter 32.5% 127.0% 33.7% 39.6% 53.7% 23.2% 26.9%
Gross margin 13.0% 23.8% 13.0% 26.3% 26.8% 16.1% 13.0%
Operating margin 6.1% 18.2% 7.8% 12.4% 18.8% 7.5% 4.1%
Operating margin, 3-year average 4.0% 15.3% 7.2% 11.1% 14.0% 6.0% 5.4%
Net margin 4.5% 12.9% 6.0% 11.4% 30.9% −5.0% 1.9%
Cash from operations / revenue 5.8% 14.2% 7.5% 9.3% 57.0% 11.0% 4.4%
Free-cash-flow margin 3.2% 10.9% 5.9% 5.7% 46.3% 8.4% 2.3%
Free-cash-flow margin, 3-year average 2.8% 15.2% — 5.8% 22.3% 8.0% 5.5%
Stock pay / revenue 0.4% 0.7% 0.2% 0.4% 0.7% 0.9% 0.7%
Change in share count −1.0% 0.5% 0.1% −0.1% −0.7% −6.9% 0.8%

Median of all 43 companies we cover in construction & engineering. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

43 construction & engineering companies
Measure Company Peer median Rank
Revenue growth Growth 22.8% 21.2% 19 of 43
Change in growth rate Growth +6.7pp +3.2pp 15 of 43
Gross margin Profitability 13.0% 11.8% 19 of 39
Operating margin Profitability 6.1% 4.1% 15 of 39
Net margin Profitability 4.5% 2.1% 14 of 42
Free-cash-flow margin Cash generation 3.2% 2.3% 20 of 43
Stock pay as % of revenue Cash generation 0.4% 0.7% 11 of 33
Long-term debt as % of assets Balance sheet 9.4% 16.2% 12 of 35
Change in share count Balance sheet -1.0% 1.9% 9 of 40
Days sales outstanding Balance sheet 68 days 67 days 15 of 27

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Transmission and Distribution $2B 54.7% ▲ 6.5%
Commercial and Industrial $1.7B 45.3% ▲ 11.7%

From MYR Group Inc.'s 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$7.7B
Institutions reporting
460
Shares held vs prior quarter
▲ 1.2%
Positions opened / closed
112 / 39

Top buyers and sellers, Q2 2026: 248 institutions bought and 209 sold ; the biggest buyer was Price T Rowe Associates Inc (+368K shares) and the biggest seller Wellington Management Group LLP (−326K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.2B 2.5M 16.0% ▲ 2.0%
Vanguard Portfolio Management LLC $416M 832K 5.4% ▲ 63.2%
Vanguard Capital Management LLC $345M 689K 4.5% ▲ 0.4%
State Street Corp $313M 625K 4.1% ▲ 5.0%
Geode Capital Management, LLC $283M 565K 3.7% ▲ 30.2%
Fisher Asset Management, LLC $237M 474K 3.1% ▼ 9.0%
Price T Rowe Associates Inc $225M 449K 2.9% ▲ 454.9%
Dimensional Fund Advisors LP $171M 341K 2.2% ▼ 9.4%
Massachusetts Financial Services Co $162M 323K 2.1% ▲ 18.2%
American Century Companies Inc $161M 323K 2.1% ▲ 61.3%
Wellington Management Group LLP $159M 318K 2.1% ▼ 50.6%
First Trust Advisors LP $147M 294K 1.9% ▲ 44.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not MYR Group Inc.'s complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $11.2M 20 trades by 5 insiders · 0% under pre-set plans
Net ▼ $11.2M net selling
Insider Date Trade Shares Price Value
Hartwick Kenneth Michael Director June 3, 2026 Sell 3,500 $450.50 $1.6M
Lucky Donald C.I. Director June 3, 2026 Sell 80 $453.17 $36,254
Lucky Donald C.I. Director June 3, 2026 Sell 62 $451.22 $27,976
Lucky Donald C.I. Director June 3, 2026 Sell 2,410 $450.49 $1.1M
Lucky Donald C.I. Director June 3, 2026 Sell 12,123 $449.30 $5.4M
O'Connor Shirin Director June 1, 2026 Sell 567 $442.35 $250,812
O'Connor Shirin Director June 1, 2026 Sell 240 $443.49 $106,438
O'Connor Shirin Director June 1, 2026 Sell 120 $445.08 $53,410
O'Connor Shirin Director June 1, 2026 Sell 569 $446.60 $254,115
O'Connor Shirin Director June 1, 2026 Sell 489 $447.76 $218,955
O'Connor Shirin Director June 1, 2026 Sell 469 $452.94 $212,429
O'Connor Shirin Director June 1, 2026 Sell 416 $448.65 $186,638

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in MYR Group Inc. disclosed in the last 12 months; 2 earlier trades on record.

  • Suzan K. DelBene(D-WA 1):Sale (full), $1,001 - $15,000, traded May 13, 2016, filed June 15, 2016
  • Suzan K. DelBene(D-WA 1):Sale (full), $1,001 - $15,000, traded May 12, 2016, filed June 15, 2016

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 25, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on MYR Group Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

MYR Group Inc. in brief

What does MYR Group Inc. do?
MYR Group Inc. is a US-listed company in the construction & engineering industry. Its financial year ends in December.
What is MYR Group Inc.'s stock ticker?
MYR Group Inc. trades under the ticker MYRG on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is MYR Group Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, MYR Group Inc. reported revenue of $4.3B, 22.8% higher than a year earlier, according to its SEC filings.
What is MYR Group Inc.'s free cash flow?
MYR Group Inc.'s free-cash-flow margin is 3.2% of revenue over the trailing twelve months, ranking 20 of the 43 construction & engineering companies we cover.
What is MYR Group Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of MYR Group Inc.'s free cash flow after stock-based pay gives ~$190 per share in the base case, and ~$140–$250 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are MYR Group Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is MYR Group Inc. buying back stock, and does it pay a dividend?
MYR Group Inc. spent $1.3M on share repurchases over the trailing twelve months, and its diluted share count fell 1.0% over the year.
What is MYR Group Inc.'s market cap?
On November 2, 2026, MYR Group Inc.'s market capitalisation was about $4.4B, with a price-to-earnings ratio of 22.6 and net debt of $190M. Market figures come from third-party market data and may be delayed.
How much debt does MYR Group Inc. have?
MYR Group Inc.'s debt-to-equity ratio is 26.3%, from its latest balance sheet (9.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are MYR Group Inc.'s competitors?
In our Construction & Engineering peer group, the companies closest to MYR Group Inc. are Sterling Infrastructure, Inc., Everus Construction Group, Inc., IES Holdings, Inc., Comfort Systems USA and Granite Construction Inc. The side-by-side comparison below sets their revenue, margins and growth against MYR Group Inc.'s.
Are insiders buying or selling MYR Group Inc. stock?
Over the last 12 months, MYR Group Inc.'s directors and officers reported 0 open-market purchases and 20 sales on Form 4. The insider trading page charts every trade.
When is MYR Group Inc.'s next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — MYR Group Inc. announces its own schedule.