Exponent, Inc. (EXPO) vs MYR Group, Inc. (MYRG)

Exponent, Inc. and MYR Group, Inc. are both Engineering & Construction companies. MYR Group, Inc. is the larger, with a market value of $4.6B against $3.1B — 1.5× the size. MYR Group, Inc. trades at the lower P/E: 27.5× against 28.8×. MYR Group, Inc. grew revenue faster over the last twelve months: 16.1% against 12.8%. Exponent, Inc. has the higher net margin (17.7% vs 4.13%) and the higher return on invested capital (35.9% vs 22.5%). Across the 22 metrics below, MYR Group, Inc. leads on 12 and Exponent, Inc. on 10.

Valuation

Metric EXPO MYRG Engineering & Construction median
P/E 28.78 27.47 28.59
P/S 4.95 1.14 1.15
P/B 10.84 6.03 3.96
Price to free cash flow 28.82 22.72 25.24
EV/EBITDA 22.22 14.97 14.87
EV/Sales 4.84 1.10 1.42
Earnings yield 3.47% 3.64% 2.47%
Free cash flow yield 3.47% 4.40% 1.91%

Profitability

Metric EXPO MYRG Engineering & Construction median
Gross margin 89.67% 12.49% 18.76%
Operating margin 20.17% 5.63% 6.26%
Net margin 17.67% 4.13% 2.23%
Free cash flow margin 17.16% 5.00% 1.83%
Return on equity 31.20% 24.71% 7.90%
Return on assets 15.83% 10.14% 0.87%
Return on invested capital 35.92% 22.49% 2.52%

Growth

Metric EXPO MYRG Engineering & Construction median
Revenue growth (TTM) 12.84% 16.06% 16.67%
EPS growth (last fiscal year) (1.90%) 311.48% —
Revenue growth, 5-year CAGR 7.79% 10.23% 11.76%
Net income growth, 5-year CAGR 5.13% 15.04% 0.00%

Health

Metric EXPO MYRG Engineering & Construction median
Debt to equity 0.00 0.01 0.40
Current ratio 1.98 1.40 1.39
Net debt to EBITDA (1.71) (0.39) 0.38

Dividend

Metric EXPO MYRG Engineering & Construction median
Dividend yield 1.42% — 0.65%
Payout ratio 0.51 0.00 0.00

Size

Metric EXPO MYRG Engineering & Construction median
Market cap 3.06b 4.60b 1.31b

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