Saturday 10 October 2026
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MYR Group, Inc.
MYRG Industrials Engineering & Construction
MYR Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.7 billion, up 8.79% from fiscal 2024. In the quarter to June 2026, revenue grew 20.2%, EPS grew 88.2%, free cash flow fell 283.3% and total debt fell 88.4%, each against the same quarter a year earlier.
311.63
0.82
+0.26%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 17.77 | 23.00 | 26.24 | 26.99 | 16.33 | 54.87 | 74.77 | 90.81 | 86.60 | 97.72 |
Analyst estimates 2026–2028 Powerpack |
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| High | 41.43 | 43.77 | 40.81 | 38.14 | 61.32 | 121.22 | 112.11 | 156.63 | 181.02 | 241.13 | |||||
| People | |||||||||||||||
| People | Employees | 4,600 | 5,275 | 5,500 | 7,100 | 7,200 | 7,600 | 8,500 | 9,000 | 8,500 | 9,000 | ||||
| Revenue/emp, $m | 0.25 | 0.27 | 0.28 | 0.29 | 0.31 | 0.33 | 0.35 | 0.40 | 0.40 | 0.41 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,142 | 1,403 | 1,531 | 2,071 | 2,247 | 2,498 | 3,009 | 3,644 | 3,362 | 3,658 | ||||
| Gross margin, % | 11.79 | 8.91 | 10.91 | 10.34 | 12.27 | 13.01 | 11.43 | 10.00 | 8.63 | 11.59 | |||||
| EBT | 38 | 25 | 43 | 50 | 81 | 116 | 114 | 125 | 46 | 161 | |||||
| EBT margin, % | 3.36 | 1.76 | 2.81 | 2.44 | 3.62 | 4.66 | 3.80 | 3.43 | 1.38 | 4.41 | |||||
| Net income | 21 | 21 | 31 | 36 | 59 | 85 | 83 | 91 | 30 | 118 | |||||
| Depreciation | 39 | 39 | 40 | 45 | 46 | 46 | 58 | 59 | 65 | 67 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 66.78 | 86.24 | 93.13 | 124.87 | 134.70 | 148.37 | 179.51 | 218.43 | 204.18 | 233.84 | ||||
| Earnings | 1.25 | 1.30 | 1.89 | 2.27 | 3.52 | 5.05 | 4.98 | 5.45 | 1.84 | 7.57 | |||||
| Cash flow | 3.18 | (0.57) | 5.16 | 3.91 | 10.50 | 8.15 | 9.99 | 4.26 | 5.29 | 20.88 | |||||
| Capex | (1.29) | (1.63) | (2.81) | (3.24) | (2.45) | (2.93) | (4.48) | (4.74) | (4.08) | (5.51) | |||||
| Free cash flow | 1.89 | (2.19) | 2.35 | 0.67 | 8.05 | 5.22 | 5.51 | (0.49) | 1.21 | 15.37 | |||||
| Book value | 15.38 | 17.64 | 19.74 | 21.97 | 25.73 | 30.83 | 33.42 | 39.04 | 36.46 | 42.22 | |||||
| Shares, m | 17 | 16 | 16 | 17 | 17 | 17 | 17 | 17 | 16 | 16 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 29.37 | 27.50 | 14.83 | 14.36 | 17.03 | 21.89 | 18.49 | 26.18 | 79.98 | 28.83 | ||||
| P/S | 0.57 | 0.41 | 0.30 | 0.26 | 0.45 | 0.75 | 0.51 | 0.65 | 0.73 | 0.93 | |||||
| P/B | 2.48 | 2.03 | 1.43 | 1.48 | 2.34 | 3.59 | 2.75 | 3.66 | 4.08 | 5.18 | |||||
| EV/Sales | 0.61 | 0.47 | 0.36 | 0.34 | 0.45 | 0.71 | 0.51 | 0.66 | 0.75 | 0.91 | |||||
| EV/FCF | 21.39 | (18.46) | 14.14 | 62.43 | 7.52 | 20.29 | 16.61 | (294.89) | 126.65 | 13.84 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 54 | (9) | 85 | 65 | 175 | 137 | 167 | 71 | 87 | 327 | ||||
| Capex | (22) | (27) | (46) | (54) | (41) | (49) | (75) | (79) | (67) | (86) | |||||
| Free cash flow | 32 | (36) | 39 | 11 | 134 | 88 | 92 | (8) | 20 | 240 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 147 | 191 | 192 | 242 | 193 | 250 | 223 | 279 | 266 | 265 | ||||
| Total debt | 64 | 83 | 91 | 166 | 29 | 5 | 43 | 37 | 74 | 59 | |||||
| Net debt | 40 | 77 | 84 | 154 | 7 | (78) | (8) | 12 | 71 | (91) | |||||
| Shareholders’ equity | 263 | 287 | 324 | 364 | 429 | 519 | 560 | 651 | 600 | 660 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 3.90 | 3.59 | 4.60 | 4.29 | 5.86 | 8.03 | 6.62 | 6.11 | 1.97 | 7.56 | ||||
| ROIC | 7.99 | 5.07 | 7.70 | 6.90 | 12.40 | 16.78 | 13.01 | 12.17 | 5.04 | 18.32 | |||||
| ROE | 7.23 | 7.69 | 10.17 | 10.94 | 14.81 | 17.93 | 15.45 | 15.02 | 4.84 | 18.78 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
MYR Group, Inc. vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ECG Everus Construction Group, Inc. | $6.2B | 24.7× | — | +33.65% (above 0%: growing) | +57.69% (above 0%: growing) | +140.72% (above 0%: growing) | 14.85% | 9.08% | Compare |
| AGX Argan, Inc. | $5.6B | 30.5× | 58.0× | +61.51% (above 0%: growing) | +47.86% (above 0%: growing) | +178.70% (above 0%: growing) | 19.33% | 14.79% | Compare |
| LGN Legence Corp. | $5.6B | — (loss-making) | 13.0× | +110.74% (above 0%: growing) | n/m | +106.83% (above 0%: growing) | 17.45% | (0.52%) | Compare |
| ROAD Construction Partners, Inc. | $5.0B | 33.8× | 38.5× | +28.25% (above 0%: growing) | +33.75% (above 0%: growing) | −19.66% (below 0%: shrinking) | 16.85% | 10.94% | Compare |
| GVA Granite Construction Incorporated | $5.0B | — (loss-making) | 26.2× | +29.30% (above 0%: growing) | n/m | +755.66% (above 0%: growing) | 16.40% | 8.71% | Compare |
| MYRG MYR Group, Inc. | $4.8B | 29.3× | 39.8× | +20.15% (above 0%: growing) | +88.24% (above 0%: growing) | −283.31% (below 0%: shrinking) | 13.19% | 6.28% | |
| PRIM Primoris Services Corporation | $4.5B | 32.4× | 30.5× | −10.71% (below 0%: shrinking) | n/m | −149.14% (below 0%: shrinking) | 4.88% | (1.59%) | Compare |
| KBR KBR, Inc. | $4.4B | 10.6× | 9.6× | +1.64% (above 0%: growing) | +33.93% (above 0%: growing) | −83.25% (below 0%: shrinking) | 14.77% | 8.67% | Compare |
| TPC Tutor Perini Corporation | $4.4B | 35.3× | 19.8× | +19.17% (above 0%: growing) | +228.95% (above 0%: growing) | −35.14% (below 0%: shrinking) | 12.91% | 7.19% | Compare |
| Median of peers | $5.0B | 31.5× | 26.2× | +28.77% | +47.86% | +43.59% | 15.63% | 8.69% |
MYR Group, Inc. (MYRG) key facts
- Strength: MYR Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.7 billion, up 8.79% from fiscal 2024.
- Strength: Net income was $118.4 million, or $7.57 per share (basic), a net margin of 3.24%.
- MYR Group, Inc. (MYRG) is an Engineering & Construction company in the Industrials sector, listed on Nasdaq.
- As of October 9, 2026, MYRG traded at $311.63, a market capitalization of $4.8 billion.
- At that price the stock trades at 29.3× trailing-twelve-month earnings and 1.2× sales; its P/E is higher than 71% of its own readings over the past ten years.
- Return on equity was 18.8% and debt-to-equity 0.01.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 5.27 (safe zone) for fiscal 2025.