Zacks Investment Research·5 days ago
Is MYR Group (MYRG) Stock Outpacing Its Utilities Peers This Year?Here is how MYR Group (MYRG) and NextEra Energy (NEE) have performed compared to their sector so far this year.
MYR Group Inc.(MYRG)Earnings, Financials & Key Ratios
MYRG•NASDAQ
$419.08
55.7× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryEnergy, pipeline and power contractors
AboutMYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, renewable power facilities, and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Henderson, Colorado.Show more
- Revenue$3.66B+8.8%
- EBITDA$229M+92.1%
- Net Income$118M+291.3%
- EPS (Diluted)7.53+311.5%
- Gross Margin11.45%+32.7%
- EBITDA Margin6.26%+76.6%
- Operating Margin4.45%+176.4%
- Net Margin3.24%+259.7%
- ROE18.78%+288.4%
MYRG Price & Volume
MYR Group Inc. (MYRG) stock price & volume — 10-year historical chart
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Grid Modernization Drives MYRG Revenue Growth Momentum
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Improving
Primary Risk:Skilled labor supply constraints
Key Thesis Takeaways
- MYR Group is capitalizing on robust North American grid modernization demand, evidenced by a 20.0% year-over-year revenue increase in 2026Q1.
- While the firm has successfully scaled operating income to $63.8 million, investors should monitor the inherent volatility in project-based margins that previously caused a 2024Q2 operating loss of $20.7 million.
- The company's conservative capital structure, highlighted by a 0.09 debt-to-equity ratio, provides a necessary buffer against the execution risks associated with large-scale utility infrastructure contracts.
Verdict Logic
while the company shows strong operational recovery, the current P/E ratio of 63.47 suggests that much of the growth potential is already priced into the stock.
MYRG Growth Metrics
MYR Group Inc. (MYRG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.17%
5 Years10.23%
3 Years6.73%
TTM13.14%
Profit CAGR
10 Years15.8%
5 Years15.04%
3 Years12.4%
TTM309.76%
EPS CAGR
10 Years19.2%
5 Years16.69%
3 Years15.32%
TTM316.06%
Return on Capital
10 Years13.56%
5 Years15.92%
3 Years14.16%
Last Year19.43%
MYRG Recent Earnings
MYR Group Inc. (MYRG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$2.99+43.1%
$2.09
Rev
$1.0B+7.3%
$932M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$2.33+34.7%
$1.73
Rev
$974M+8.4%
$898M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$2.05+12.6%
$1.82
Rev
$950M+5.9%
$898M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$1.70+9.0%
$1.56
Rev
$900M-3.7%
$935M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $2.99vs $2.09+43.1% | $1.0Bvs $932M+7.3% |
| Q1 2026 | Feb 25, 2026 | $2.33vs $1.73+34.7% | $974Mvs $898M+8.4% |
| Q4 2025 | Oct 29, 2025 | $2.05vs $1.82+12.6% | $950Mvs $898M+5.9% |
| Q3 2025 | Jul 30, 2025 | $1.70vs $1.56+9.0% | $900Mvs $935M-3.7% |
Based on last 12 quarters of dataView full earnings history →
Latest MYRG News
Recent stock market news and headlines for MYR Group Inc. (MYRG)
Zacks Investment Research·6 days ago
5 Relative Price Strength Stocks to Buy for the Second HalfNBIX, MYRG, XYZ, DK and DY show strong relative price strength, upbeat estimate revisions and solid fundamentals heading into the second half.
Zacks Investment Research·Jun 26, 2026
MYR Group (MYRG) Is Up 3.45% in One Week: What You Should KnowDoes MYR Group (MYRG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Zacks Investment Research·Jun 26, 2026
MYR Group, Inc. (MYRG) Hit a 52 Week High, Can the Run Continue?MYR (MYRG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
GuruFocus·Jun 25, 2026
MYR Group Inc (MYRG) Stock Up 3.7% but GF Value Says Overvalued -- GF Score: 83/100On June 25, 2026, MYR Group Inc (MYRG) shares rose 3.7% today, bringing the current price to $487.33. The stock has experienced a strong price performance, trad
Peers Comparison
Key metrics vs top competitors for MYR Group Inc. (MYRG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $419.08 | $6.53B | 55.65 | 8.79% | 3.24% | 18.78% | — | |
| $656.79 | $98.56B | 96.59 | 19.76% | 3.72% | 12.96% | — | |
| $86.97 | $4.72B | 17.32 | 18.97% | 3.31% | 15.21% | — | |
| $76.89 | $1.16B | 22.03 | 20.46% | 8.24% | 19.38% | — | |
| $12.45 | $350.2M | -11.75 | 5.64% | -1.77% | -10.79% | — | |
| $17.00 | $1.14B | 15.74 | 16.47% | 8.27% | 14.83% | — |
Compare MYRG vs Peers
MYR Group Inc. (MYRG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MYRG SEC Filings & Documents
MYR Group Inc. (MYRG) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 29, 2026·SEC
Material company update
Apr 28, 2026·SEC
Material company update
Mar 3, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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MYRG Frequently Asked Questions
MYR Group Inc. (MYRG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is MYR Group Inc.'s revenue?
MYR Group Inc. (MYRG) reported $3.82B in revenue for fiscal year 2025. This represents a 6296% increase from $59.8M in 1989.
How fast is MYR Group Inc. growing?
MYR Group Inc. (MYRG) grew revenue by 8.8% over the past year. This is steady growth.
Is MYRG profitable?
Yes, MYR Group Inc. (MYRG) is profitable, generating $141.9M in net income for fiscal year 2025 (3.2% net margin).
Dividend & Returns
What is MYRG's return on equity?
MYR Group Inc. (MYRG) has a return on equity (ROE) of 18.8%. This is reasonable for most industries.
What is MYR Group Inc.'s free cash flow?
MYR Group Inc. (MYRG) generated $230.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.