MYR Group Inc. key statistics and ratios

In fiscal 2025, MYR Group Inc. had return on equity of 18.8%, an operating margin of 4.6%, debt equal to 8.9% of equity and a current ratio of 1.33. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

MYR Group Inc.: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Gross margin	11.8%	8.9%	10.9%	10.3%	12.3%	13.0%	11.4%	10.0%	8.6%	11.6%	13.0%
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%
Return on equity	8.1%	7.7%	10.2%	11.0%	14.8%	17.9%	15.5%	15.0%	4.8%	18.8%	26.1%
Return on assets	3.7%	3.6%	4.6%	4.3%	5.9%	8.0%	6.6%	6.1%	2.0%	7.6%	10.3%
Asset turnover	1.99	2.38	2.26	2.36	2.24	2.36	2.39	2.45	2.19	2.34	2.30
Current ratio	1.75	2.01	1.68	1.61	1.44	1.50	1.33	1.37	1.40	1.33	1.33
Debt to equity	22.4%	27.5%	27.8%	45.5%	6.9%	0.9%	7.2%	5.6%	12.4%	8.9%	26.3%
Interest cover (operating income ÷ interest)	29.8x	11.4x	13.8x	9.2x	19.0x	65.9x	32.3x	26.1x	8.3x	29.5x	45.3x
Effective tax rate	44.1%	14.1%	27.3%	28.2%	27.8%	26.9%	27.0%	27.2%	34.9%	26.6%	25.7%
SG&A as % of revenue	8.4%	7.0%	7.8%	7.6%	8.4%	8.3%	7.4%	6.4%	7.1%	7.0%	6.7%
Capital spending as % of revenue	2.2%	2.2%	3.3%	2.8%	2.0%	2.1%	2.6%	2.3%	2.3%	2.6%	2.6%
Free cash flow ÷ net income	135.9%	−189.3%	109.6%	18.8%	222.6%	99.8%	108.5%	−15.1%	36.9%	196.1%	71.0%
Dividends and buybacks ÷ free cash flow	348.5%	—	3.1%	11.0%	0.0%	0.0%	40.9%	—	671.0%	32.3%	1.0%

US$ thousands unless shown otherwise. Fiscal quarters.

MYR Group Inc.: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Gross margin	10.4%	11.6%	11.5%	11.8%	11.4%	13.4%	13.2%	13.6%
Operating margin	3.6%	4.1%	4.4%	4.9%	4.8%	6.5%	6.3%	6.8%
Net margin	1.9%	2.8%	2.9%	3.4%	3.8%	4.7%	4.6%	4.8%
Free-cash-flow margin	1.1%	8.4%	1.3%	6.9%	8.7%	6.9%	−2.4%	0.7%
Current ratio	1.40	1.31	1.33	1.33	1.33	1.31	1.40	1.33
Debt to equity	12.4%	15.9%	14.8%	11.7%	8.9%	1.3%	1.2%	26.3%
SG&A as % of revenue	6.8%	7.5%	7.0%	6.9%	6.6%	6.9%	6.9%	6.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

Head to head: MYRG vs STRL ECG vs MYRG IESC vs MYRG

More: Construction & Engineering stocks compared, Industrials sector, rankings of US companies

Figures from MYR Group Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to MYR Group Inc.