MYR Group, Inc. (MYRG) vs Construction Partners, Inc. (ROAD)

MYR Group, Inc. and Construction Partners, Inc. are both Engineering & Construction companies. Construction Partners, Inc. is the larger, with a market value of $5.1B against $4.6B — 1.1× the size. MYR Group, Inc. trades at the lower P/E: 27.5× against 36.5×. Construction Partners, Inc. grew revenue faster over the last twelve months: 41.9% against 16.1%. MYR Group, Inc. has the higher net margin (4.13% vs 4.10%) and the higher return on invested capital (22.5% vs 6.82%). Across the 22 metrics below, MYR Group, Inc. leads on 13 and Construction Partners, Inc. on 9.

Valuation

Metric MYRG ROAD Engineering & Construction median
P/E 27.47 36.46 28.59
P/S 1.14 1.51 1.15
P/B 6.03 5.03 3.96
Price to free cash flow 22.72 25.37 25.24
EV/EBITDA 14.97 14.55 14.87
EV/Sales 1.10 1.99 1.42
Earnings yield 3.64% 2.74% 2.47%
Free cash flow yield 4.40% 3.94% 1.91%

Profitability

Metric MYRG ROAD Engineering & Construction median
Gross margin 12.49% 15.76% 18.76%
Operating margin 5.63% 8.57% 6.26%
Net margin 4.13% 4.10% 2.23%
Free cash flow margin 5.00% 5.94% 1.83%
Return on equity 24.71% 15.05% 7.90%
Return on assets 10.14% 4.36% 0.87%
Return on invested capital 22.49% 6.82% 2.52%

Growth

Metric MYRG ROAD Engineering & Construction median
Revenue growth (TTM) 16.06% 41.92% 16.67%
EPS growth (last fiscal year) 311.48% 40.46% —
Revenue growth, 5-year CAGR 10.23% 29.05% 11.76%
Net income growth, 5-year CAGR 15.04% 20.36% 0.00%

Health

Metric MYRG ROAD Engineering & Construction median
Debt to equity 0.01 1.72 0.40
Current ratio 1.40 1.57 1.39
Net debt to EBITDA (0.39) 3.86 0.38

Dividend

Metric MYRG ROAD Engineering & Construction median
Dividend yield — — 0.65%
Payout ratio 0.00 0.00 0.00

Size

Metric MYRG ROAD Engineering & Construction median
Market cap 4.60b 5.10b 1.31b

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