Friday 6 November 2026
Export MYRG’s income statement to Excel — free account
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.
- Revenue
- +32.5%
- EPS
- +86.1%
- Free cash flow
- −84.0%
- Total debt
- +201.7%
Quarter to September 2026, against a year earlier
247.24
16.65
−6.31%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| 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 | 4,315 | +13.8% | 4,553 | 5,173 | 5,868 | +17.1% | |
| Gross margin, % | 11.79 | 8.91 | 10.91 | 10.34 | 12.27 | 13.01 | 11.43 | 10.00 | 8.63 | 11.59 | 12.97 | (0.2) pt | ||||||
| EBT | 38 | 25 | 43 | 50 | 81 | 116 | 114 | 125 | 46 | 161 | 260 | +17.3% | ||||||
| EBT margin, % | 3.36 | 1.76 | 2.81 | 2.44 | 3.62 | 4.66 | 3.80 | 3.43 | 1.38 | 4.41 | 6.02 | +1.1 pt | ||||||
| Net income | 21 | 21 | 31 | 36 | 59 | 85 | 83 | 91 | 30 | 118 | 193 | +20.9% | ||||||
| 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 | 276.96 | +14.9% | |||||
| Earnings | 1.25 | 1.30 | 1.89 | 2.27 | 3.52 | 5.05 | 4.98 | 5.45 | 1.84 | 7.57 | 12.41 | +22.2% | ||||||
| Cash flow | 3.18 | (0.57) | 5.16 | 3.91 | 10.50 | 8.15 | 9.99 | 4.26 | 5.29 | 20.88 | 15.98 | +23.2% | ||||||
| Capex | (1.29) | (1.63) | (2.81) | (3.24) | (2.45) | (2.93) | (4.48) | (4.74) | (4.08) | (5.51) | (6.78) | +17.5% | ||||||
| Free cash flow | 1.89 | (2.19) | 2.35 | 0.67 | 8.05 | 5.22 | 5.51 | (0.49) | 1.21 | 15.37 | 9.20 | +26.2% | ||||||
| Book value | 15.38 | 17.64 | 19.74 | 21.97 | 25.73 | 30.83 | 33.42 | 39.04 | 36.46 | 42.22 | 52.57 | +11.9% | ||||||
| Shares, m | 17 | 16 | 16 | 17 | 17 | 17 | 17 | 17 | 16 | 16 | 16 | (1.0%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 29.37 | 27.50 | 14.83 | 14.36 | 17.03 | 21.89 | 18.49 | 26.18 | 79.98 | 28.83 | 19.92 | 27.8 | |||||
| P/S | 0.57 | 0.41 | 0.30 | 0.26 | 0.45 | 0.75 | 0.51 | 0.65 | 0.73 | 0.93 | 0.89 | 0.6 | ||||||
| P/B | 2.48 | 2.03 | 1.43 | 1.48 | 2.34 | 3.59 | 2.75 | 3.66 | 4.08 | 5.18 | 4.70 | 2.9 | ||||||
| EV/Sales | 0.61 | 0.47 | 0.36 | 0.34 | 0.45 | 0.71 | 0.51 | 0.66 | 0.75 | 0.91 | 0.94 | 0.6 | ||||||
| EV/FCF | 21.39 | (18.46) | 14.14 | 62.43 | 7.52 | 20.29 | 16.61 | (294.89) | 126.65 | 13.84 | 28.21 | (3.0) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 54 | (9) | 85 | 65 | 175 | 137 | 167 | 71 | 87 | 327 | 249 | +22.0% | |||||
| Capex | (22) | (27) | (46) | (54) | (41) | (49) | (75) | (79) | (67) | (86) | (106) | +16.3% | ||||||
| Free cash flow | 32 | (36) | 39 | 11 | 134 | 88 | 92 | (8) | 20 | 240 | 143 | +24.9% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 147 | 191 | 192 | 242 | 193 | 250 | 223 | 279 | 266 | 265 | 298 | +6.8% | |||||
| Net debt | 40 | 77 | 84 | 154 | 7 | (78) | (8) | 12 | 71 | (91) | 191 | n/m | ||||||
| Shareholders’ equity | 263 | 287 | 324 | 364 | 429 | 519 | 560 | 651 | 600 | 660 | 819 | +10.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 3.90 | 3.59 | 4.60 | 4.29 | 5.86 | 8.03 | 6.62 | 6.11 | 1.97 | 7.56 | 10.30 | +3.7 pt | |||||
| ROIC | 7.99 | 5.07 | 7.70 | 6.90 | 12.40 | 16.78 | 13.01 | 12.17 | 5.04 | 18.32 | 16.35 | +10.3 pt | ||||||
| ROE | 7.23 | 7.69 | 10.17 | 10.94 | 14.81 | 17.93 | 15.45 | 15.02 | 4.84 | 18.78 | 26.90 | +11.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 4,600 | 5,275 | 5,500 | 7,100 | 7,200 | 7,600 | 8,500 | 9,000 | 8,500 | 9,000 | — | +7.7% | |||||
| Revenue/emp, $m | 0.25 | 0.27 | 0.28 | 0.29 | 0.31 | 0.33 | 0.35 | 0.40 | 0.40 | 0.41 | — | +5.6% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
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 |
|---|---|---|---|---|---|---|---|---|---|
| KBR KBR, Inc. | $4.8B | 10.8× | 11.0× | +5.02% (above 0%: growing) | +19.93% (above 0%: growing) | −14.21% (below 0%: shrinking) | 14.84% | 9.17% | Compare |
| ROAD Construction Partners, Inc. | $4.4B | 30.2× | 31.2× | +28.25% (above 0%: growing) | +33.75% (above 0%: growing) | −19.66% (below 0%: shrinking) | 16.85% | 10.94% | Compare |
| TPC Tutor Perini Corporation | $4.3B | 30.5× | 20.2× | +21.54% (above 0%: growing) | +457.14% (above 0%: growing) | +21.22% (above 0%: growing) | 12.87% | 7.29% | Compare |
| EXPO Exponent, Inc. | $4.1B | 36.8× | 34.0× | +18.09% (above 0%: growing) | +16.89% (above 0%: growing) | −14.24% (below 0%: shrinking) | 88.10% | 24.10% | Compare |
| MYRG MYR Group, Inc. | $3.8B | 19.9× | 21.2× | +32.47% (above 0%: growing) | +86.07% (above 0%: growing) | −84.04% (below 0%: shrinking) | 13.60% | 6.76% | |
| ECG Everus Construction Group, Inc. | $3.7B | 12.8× | — | +40.27% (above 0%: growing) | +60.60% (above 0%: growing) | −20.67% (below 0%: shrinking) | 14.81% | 8.84% | Compare |
| AGX Argan, Inc. | $3.7B | 20.3× | 25.8× | +61.51% (above 0%: growing) | +47.86% (above 0%: growing) | +178.70% (above 0%: growing) | 19.33% | 14.79% | Compare |
| PRIM Primoris Services Corporation | $3.2B | 33.5× | 57.6× | −10.38% (below 0%: shrinking) | −45.21% (below 0%: shrinking) | −33.74% (below 0%: shrinking) | 10.48% | 4.86% | Compare |
| LGN Legence Corp. | $2.8B | — (loss-making) | 15.4× | +110.74% (above 0%: growing) | n/m | +106.83% (above 0%: growing) | 17.45% | (0.52%) | Compare |
| Median of peers | $3.9B | 30.2× | 25.8× | +24.90% | +33.75% | −14.22% | 15.85% | 9.01% |
Pay and ownership Proxy statement filed 4 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 6.39m | 14.41m | 363.56 |
| 2024 | 4.26m | 1.82m | 247.54 |
| 2023 | 4.62m | 8.75m | 240.65 |
| 2022 | 4.25m | 2.32m | 153.19 |
| 2021 | 4.14m | 11.95m | 183.94 |
Ownership
Directors and executive officers, together
1.90%
BlackRock, Inc. •50 Hudson Yards New York, NY
16.20%
The Vanguard Group •100 Vanguard Blvd. Malvern, PA
8.10%
Wellington Management Company LLP •280 Congress Street Boston MA
6.60%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
MYR Group, Inc. (MYRG) Latest News
29 Oct
28 Oct
30 Sep
1 Aug
MYRG metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score