MYR Group Inc. (MYRG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.64	$3.17	+20.1%	—	$1.1B	—
Q1 26	$2.05	$2.99	+45.9%	—	$1B	—
Q4 25	$1.86	$2.33	+25.3%	—	$973.5M	—
Q2 25	$1.52	$1.7	+11.8%	—	$900.3M	—
Q1 25	$1.2	$1.45	+20.8%	—	$833.6M	—
Q4 24	$0.68	$0.99	+45.6%	—	$829.8M	—
Q3 24	$0.4	$0.65	+62.5%	—	$888M	—
Q2 24	$1.13	-$0.91	-180.5%	—	$828.9M	—
Q1 24	$1.16	$1.12	-3.4%	—	$815.6M	—
Q4 23	$1.5	$1.43	-4.7%	—	$1B	—
Q3 23	$1.3	$1.28	-1.5%	—	$939.5M	—
Q2 23	$1.28	$1.33	+3.9%	—	$888.6M	—
Q1 23	$1.01	$1.38	+36.6%	—	$811.6M	—
Q4 22	$1.06	$1.46	+37.7%	—	$864M	—
Q3 22	$1.21	$1.09	-9.9%	—	$799.8M	—
Q2 22	$1.15	$1.15	0.0%	—	$708.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$7.57	—	—	$3.7B	—
FY24	—	$1.84	—	—	$3.4B	—
FY23	—	$5.45	—	—	$3.6B	—
FY22	—	$4.98	—	—	$3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.1B	$1.4B	$1.5B	$2.1B	$2.2B	$2.5B	$3B	$3.6B	$3.4B	$3.7B
YoY change	+7.61%	+22.8%	+9.11%	+35.3%	+8.51%	+11.2%	+20.4%	+21.1%	-7.73%	+8.79%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.1B	1.4B	1.5B	2.1B	2.2B	2.5B	3B	3.6B	3.4B	3.7B
Cost of revenue	1B	1.3B	1.4B	1.9B	2B	2.2B	2.7B	3.3B	3.1B	3.2B
Gross profit	134.7M	125M	167.1M	214.2M	275.9M	325M	344M	364.4M	290.3M	423.8M
Gross margin	11.8%	8.91%	10.9%	10.3%	12.3%	13%	11.4%	10%	8.63%	11.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	96.4M	98.6M	118.7M	156.7M	188.5M	207.2M	222.4M	234.6M	238.2M	256.4M
Operating expenses	96.4M	98.6M	118.7M	156.7M	188.5M	207.2M	222.4M	234.6M	238.2M	256.4M
Operating income	37.4M	25.9M	46.5M	53.6M	83.7M	115.5M	112.5M	124.9M	47.2M	162.6M
Operating margin	3.27%	1.85%	3.04%	2.59%	3.73%	4.62%	3.74%	3.43%	1.4%	4.45%
Non-operating income, net	2.2M	1.3M	216K	3M	2.2M	2.6M	5.1M	4.2M	5.4M	3.6M
Pretax income	38.3M	24.6M	43.1M	50.4M	81.4M	116.3M	114.2M	125M	46.5M	161.3M
Income tax	16.9M	3.5M	11.8M	14.2M	22.6M	31.3M	30.8M	34M	16.2M	42.9M
Net income	21.4M	21.2M	31.3M	36.2M	58.8M	85M	83.4M	91M	30.3M	118.4M
Net margin	1.88%	1.51%	2.04%	1.75%	2.61%	3.4%	2.77%	2.5%	0.9%	3.24%
EBITDA	77.4M	62.2M	82.8M	97.6M	129.6M	161.2M	173.6M	184.9M	111.4M	229.2M
EPS	1.25	1.3	1.89	2.27	3.52	5.05	4.98	5.45	1.84	7.57
Diluted EPS	1.23	1.28	1.87	2.26	3.48	4.95	4.91	5.4	1.83	7.53

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	939.5M	1B	815.6M	828.9M	888M	829.8M	833.6M	900.3M	950.4M	973.5M	1B	1.1B
Cost of revenue	847.1M	906.7M	729.3M	788M	810.8M	743.9M	736.7M	796.6M	838.5M	862.3M	865.9M	939.1M
Gross profit	92.4M	97.5M	86.2M	40.8M	77.3M	85.9M	96.9M	103.7M	111.9M	111.3M	134.4M	142.7M
Gross margin	9.83%	9.71%	10.6%	4.93%	8.7%	10.4%	11.6%	11.5%	11.8%	11.4%	13.4%	13.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	59.9M	60M	62.2M	61.8M	57.5M	56.7M	62.5M	63.3M	65.9M	64.6M	69.4M	74.4M
Operating expenses	59.9M	60M	62.2M	61.8M	57.5M	56.7M	62.5M	63.3M	65.9M	64.6M	69.4M	74.4M
Operating income	31.3M	36.3M	22.8M	-22.2M	18.6M	28M	33.2M	39.2M	44.8M	45.5M	63.8M	67.1M
Operating margin	3.33%	3.61%	2.79%	-2.68%	2.1%	3.38%	3.98%	4.35%	4.71%	4.67%	6.38%	6.2%
Non-operating income, net	663K	944K	1.2M	1.2M	1.9M	1.1M	801K	67K	1.2M	1.5M	-26K	-83K
Pretax income	30.8M	35.5M	23.1M	-22.1M	18.5M	27M	32.8M	37.4M	44.7M	46.4M	64M	67.1M
Income tax	9.3M	11.5M	4.2M	-6.9M	7.9M	11.1M	9.5M	10.9M	12.6M	9.8M	17.2M	17.3M
Net income	21.5M	24M	18.9M	-15.3M	10.6M	16M	23.3M	26.5M	32.1M	36.5M	46.8M	49.9M
Net margin	2.29%	2.39%	2.32%	-1.84%	1.2%	1.92%	2.8%	2.94%	3.38%	3.75%	4.68%	4.61%
EBITDA	46.4M	52.1M	38.5M	-6.1M	35.5M	43.5M	49.3M	55M	61.4M	63.5M	81.5M	85M
EPS	1.29	1.44	1.13	-0.91	0.65	0.99	1.46	1.7	2.07	2.35	3.01	3.2
Diluted EPS	1.28	1.43	1.12	-0.91	0.65	0.99	1.45	1.7	2.05	2.33	2.99	3.17

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	581.4M	463.1M	540.6M	1B	1.9B	1.5B	2.4B	2.4B	3.4B	4.5B
Enterprise value	—	658.8M	548.1M	718.6M	1B	1.8B	1.6B	2.5B	2.6B	3.4B	4.5B
Shares outstanding	17.1M	16.3M	16.4M	16.6M	16.7M	16.8M	16.8M	16.7M	16.5M	15.6M	15.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	27.5	14.8	14.9	17.1	21.9	18.5	26.5	81	28.9	27.2
P/S	—	0.41	0.3	0.26	0.45	0.75	0.51	0.66	0.73	0.93	1.11
P/B	—	2.03	1.43	1.48	2.34	3.59	2.75	3.71	4.08	5.18	5.9
EV/EBITDA	—	10.6	6.62	7.36	7.96	11.2	9.03	13.3	23	14.7	15.4
EV/Sales	—	0.47	0.36	0.35	0.46	0.72	0.52	0.68	0.76	0.92	1.12
Earnings yield	—	3.64%	6.76%	6.7%	5.86%	4.57%	5.4%	3.77%	1.24%	3.46%	3.68%
FCF yield	—	-6.89%	7.36%	1.31%	13%	4.56%	5.86%	-0.57%	0.46%	6.79%	3.98%
PEG	—	—	—	—	—	—	—	—	—	—	0.31

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	11.8%	8.91%	10.9%	10.3%	12.3%	13%	11.4%	10%	8.63%	11.6%	13.2%
Operating margin	3.27%	1.85%	3.04%	2.59%	3.73%	4.62%	3.74%	3.43%	1.4%	4.45%	6.2%
Net margin	1.88%	1.51%	2.04%	1.75%	2.61%	3.4%	2.77%	2.5%	0.9%	3.24%	4.13%
ROE	8.14%	7.37%	9.64%	9.94%	13.7%	16.4%	14.9%	14%	5.04%	17.9%	24.7%
ROA	3.74%	3.5%	4.18%	3.59%	5.9%	7.58%	5.96%	5.76%	1.92%	7.2%	8.48%
ROIC	6.89%	6.1%	8.25%	7.1%	13.2%	18.2%	14.1%	13%	4.29%	19.5%	24%
Return on tangible assets	4.69%	4.33%	5.5%	4.73%	7.72%	9.54%	8.4%	7.73%	2.53%	9.33%	12.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.75	2.01	1.68	1.61	1.44	1.5	1.33	1.37	1.35	1.33	1.4
Quick ratio	1.75	2.01	1.68	1.61	1.44	1.5	1.33	1.37	1.35	1.33	1.4
Debt / equity	0.24	0.29	0.28	0.52	0.12	0.05	0.13	0.11	0.2	0.16	0.09
Debt / assets	0.11	0.14	0.12	0.19	0.05	0.02	0.05	0.05	0.08	0.06	0.04
Net debt / EBITDA	0.52	1.24	1.03	1.82	0.23	-0.35	0.14	0.26	1.05	-0.2	-0.24
Interest coverage	30.5	10.5	12.8	9.1	18.8	65.7	33.1	26.3	8.13	29.6	61.2
Effective tax rate	44.1%	14.1%	27.3%	28.2%	27.8%	26.9%	27%	27.2%	34.9%	26.6%	25.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	66.8	86.2	93.1	124.9	134.7	148.4	179.5	218.4	204.2	233.8	257.7
EPS (basic)	1.25	1.3	1.89	2.27	3.52	5.05	4.98	5.45	1.84	7.57	7.57
EPS (diluted)	1.23	1.28	1.87	2.26	3.48	4.95	4.91	5.4	1.83	7.53	10.5
Book value per share	15.4	17.6	19.7	22	25.7	30.8	33.4	39	36.5	42.2	48.5
FCF per share	1.7	-2.46	2.07	0.43	7.84	5.04	5.4	-0.82	0.68	14.8	12.3
Cash per share	1.39	0.33	0.46	0.75	1.36	4.88	3.05	1.49	0.21	9.6	8.86
Capex per share	1.29	1.63	2.81	3.24	2.45	2.93	4.48	4.74	4.08	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.93%	1.89%	3.01%	2.6%	1.82%	1.97%	2.5%	2.17%	2%	—	—
Capex / operating cash flow	44%	-319.3%	57.7%	96.6%	23.4%	30.7%	46%	106%	79.8%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$939.5M	$1B	$815.6M	$828.9M	$888M	$829.8M	$833.6M	$900.3M	$950.4M	$973.5M	$1B	$1.1B
YoY change	+17.5%	+16.2%	+0.49%	-6.72%	-5.47%	-17.4%	+2.21%	+8.62%	+7.02%	+17.3%	+20%	+20.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	23.8M	5.3M	7.5M	12.4M	22.7M	82.1M	51M	24.9M	3.5M	150.2M
Receivables	200.7M	231.8M	282.3M	385.7M	382.1M	374.8M	471.7M	516.1M	651.7M	599.8M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	342.9M	379.7M	475.6M	639.2M	636.7M	748.4M	890.3M	1B	1B	1.1B
Property, plant & equipment	462.5M	465.4M	510.6M	178.6M	174M	181.5M	223.2M	259.6M	269M	288.4M
Goodwill & intangibles	116.7M	115.7M	179.7M	242M	234.9M	230.2M	406.8M	400.9M	377.3M	375.5M
Total assets	573.5M	603.8M	748.8M	1B	995.9M	1.1B	1.4B	1.6B	1.6B	1.6B
Accounts payable	99.9M	110.4M	139.5M	192.1M	162.6M	200.7M	315.3M	359.4M	295.5M	314.8M
Short-term debt	1.1M	1.1M	4.8M	16.1M	11.3M	8.8M	15.9M	18.3M	17.6M	18.4M
Total current liabilities	196.2M	188.6M	283.8M	396.8M	443.4M	498.6M	667M	747.2M	748.9M	795.3M
Long-term debt	62.9M	81.6M	87.6M	174.3M	40.8M	16.7M	58.6M	55.3M	102.4M	85.1M
Total liabilities	310.3M	316.7M	424.3M	643.4M	566.6M	602M	838.7M	927.5M	973.7M	983.7M
Shareholders' equity	263.2M	287M	324.5M	364.5M	429.3M	519.1M	560.2M	651.2M	600.4M	660.4M
Total debt	64M	82.7M	92.4M	190.4M	52.1M	25.5M	74.5M	73.6M	120M	103.5M
Net debt	40.1M	77.3M	84.9M	178M	29.4M	-56.6M	23.5M	48.7M	116.5M	-46.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	30.5M	24.9M	3.9M	1.9M	7.6M	3.5M	10.9M	23M	76.2M	150.2M	163.2M	137.9M
Receivables	548.8M	516.1M	527.1M	554.8M	571.3M	651.7M	569.1M	599.6M	600.7M	599.8M	635.7M	653.8M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1B	1B	1B	1B	1B	1B	968.2M	1B	1.1B	1.1B	1.1B	1.1B
Property, plant & equipment	285.4M	259.6M	311.1M	318.5M	320.3M	269M	316.2M	327.2M	336.7M	288.4M	358.1M	371.9M
Goodwill & intangibles	399M	400.9M	394.6M	390.5M	390.1M	377.3M	375.2M	381M	375.4M	375.5M	370.4M	364.8M
Total assets	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.5B	1.6B	1.6B	1.6B	1.7B	1.7B
Accounts payable	377.7M	359.4M	321.3M	344.1M	330M	295.5M	286.2M	308.2M	298.2M	314.8M	332.4M	338.9M
Short-term debt	16.7M	18.3M	18.4M	19.3M	16.7M	17.6M	17.6M	18.2M	18.5M	18.4M	18.2M	18.5M
Total current liabilities	740.7M	747.2M	732.4M	747.4M	762.4M	748.9M	738.7M	766.4M	800.9M	795.3M	827.7M	770.7M
Long-term debt	77.3M	55.3M	60.1M	70M	120.7M	102.4M	114.6M	115.7M	100.4M	85.1M	43.3M	48.6M
Total liabilities	935.3M	927.5M	919.8M	949.9M	1B	973.7M	973.4M	1B	1B	983.7M	970.6M	918M
Shareholders' equity	625.5M	651.2M	663.7M	633.3M	588.5M	600.4M	548.7M	583.2M	617.6M	660.4M	702.8M	754.4M
Total debt	94M	73.6M	78.5M	89.2M	137.3M	120M	132.2M	133.9M	119M	103.5M	61.5M	67.1M
Net debt	63.5M	48.7M	74.6M	87.4M	129.8M	116.5M	121.3M	111M	42.8M	-46.6M	-101.7M	-70.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	21.4M	21.2M	31.3M	36.2M	58.8M	85M	83.4M	91M	30.3M	118.4M
Depreciation & amortization	39.1M	38.6M	39.9M	44.5M	46.5M	46.2M	58.2M	59.1M	65.2M	66.5M
Stock-based compensation	4.7M	4.4M	3.2M	4.4M	5.7M	7.5M	7.9M	8.4M	8.5M	14.8M
Change in working capital	-19.4M	-68.5M	1.7M	-34.1M	64.8M	13.5M	1.9M	-86M	-20.8M	161.9M
Operating cash flow	50.2M	-8.3M	79.9M	55.7M	175M	160.4M	163.2M	74.7M	84.2M	326.6M
Capital expenditure	-22.1M	-26.5M	-46.1M	-53.8M	-40.9M	-49.3M	-75.1M	-79.1M	-67.2M	—
Investing cash flow	-34.1M	-26.5M	-93.2M	-133.5M	-40.9M	-49.3M	-185.7M	-79.1M	-67.2M	—
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-101.5M	-3.1M	-1M	-778K	-652K	0	-37M	-2.9M	-75M	-75M
Financing cash flow	-41.8M	15.7M	8.7M	72.2M	-125.7M	-28.6M	-195.1M	-581M	-817.3M	-859.5M
Net change in cash	-25.7M	-19.1M	-4.5M	-5.6M	8.3M	82.5M	-217.6M	-585.5M	-800.2M	-532.9M
Free cash flow	29.1M	-40M	34.1M	7.1M	130.8M	84.9M	90.4M	-13.7M	11.2M	232.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	21.5M	24M	18.9M	-15.3M	10.6M	16M	23.3M	26.5M	32.1M	36.5M	46.8M	49.9M
Depreciation & amortization	15M	15.6M	15.8M	16.3M	16.7M	16.4M	16.2M	16.3M	16.7M	17.2M	17.8M	18M
Stock-based compensation	2.3M	1.8M	1.9M	2.3M	1.9M	2.3M	2.3M	3.4M	4M	5M	3.4M	5.5M
Change in working capital	-27.1M	20.3M	-23.7M	20M	4.7M	-46K	43.5M	-14.7M	38.8M	108.6M	18.9M	-72.4M
Operating cash flow	12.5M	63.4M	13.6M	23.9M	33.6M	34.8M	85.4M	32.9M	95.6M	114.8M	84.7M	3.3M
Capital expenditure	-21.4M	-19.3M	-23.9M	-18.7M	-14.2M	-10.4M	-10.9M	—	—	—	—	—
Investing cash flow	-21.4M	-19.3M	-23.9M	-18.7M	-14.2M	-10.4M	-10.9M	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	-2.9M	—	-14.3M	-60.7M	0	-75M	0	0	0	0	0
Financing cash flow	-132.9M	-263.8M	-121.9M	-167.8M	-15.8M	-13.9M	-65M	-1.5M	-14.4M	-13.2M	-56.3M	-1M
Net change in cash	-141.9M	-219.7M	-132.2M	-162.6M	3.6M	10.5M	9.5M	31.3M	81.2M	101.7M	28.4M	2.3M
Free cash flow	-9.5M	21.7M	-18.1M	2.5M	18M	8.8M	70.2M	11.6M	65.4M	84.9M	68.6M	-25.6M

MYR Group Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement