MYR Group Inc (MYRG)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Whoever buys today bets that the grid and data center cycle carries for years, that fixed-price discipline holds, and that the analysts with their raised estimates (about $11.47 per share for the current year) prove right — and pays multiples this contractor has never sustained before. Whoever waits checks three things in every quarterly report (10-Q): the "significant estimate changes" as the early-warning signal of the fixed-price job sites, backlog growth against the share price, and whether a new repurchase program is authorized and actually used. The decision is yours.
symbol.quality_note
MYR Group has been wiring America since 1891 — high-voltage lines, substations, data centers. In our in-house stock scanner, the stock lights up 22 filters at once, from the stage-2 trend to a perfect Piotroski F-Score of 9 (data as of July 10, 2026; momentum run of July 17, 2026). We read the annual reports (10-K) for 2024 and 2025 and the quarterly report (10-Q) as of March 31, 2026: a record year with $3.66 billion in revenue, a 2024 margin accident on solar job sites, 57 percent fixed-price contracts — and a $75 million repurchase program that expired unused while the stock nearly tripled. Not investment advice — just the note that management last bought its own shares around $117 and has kept its hands in its pockets since.
Read the analysis
Stock Watch
This analysis is as of July 17, 2026. Stock Watch will tell you what's changed at MYRG since then.
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Appears in These Scanners
This stock currently matches 26 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 333.20 $ — 49% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
NeutralGeprüft am 17.07.2026 gegen die Geschäftsberichte (10-K) für 2025 (eingereicht 25.02.2026) und 2024 (26.02.2025) sowie die vier jüngsten Quartalsberichte (10-Q, zum 31.03.2026, 30.09.2025, 30.06.2025 und 31.03.2025): In den ausgewerteten SEC-Filings von MYR Group findet sich kein wesentlicher eigener KI-Bezug. Die einzige wiederkehrende Erwähnung von „artificial intelligence“ ist ein Nachfrage-Argument im Ausblick — der Stromhunger neuer Technologien („including the emergence and adoption of artificial intelligence technologies“) werde erhebliche Investitionen der Kunden (Stromversorger, Rechenzentrums-Bauherren) erfordern (wortgleich in allen vier 10-Q und im 10-K 2024/2025). Dazu kommt eine generische Cybersecurity-Floskel im Risikoteil des 10-K 2025 („…including the use of new and emerging technologies such as artificial intelligence…“). Weder KI-Umsatzquelle noch dokumentierter operativer KI-Einsatz noch konkretes KI-Geschäftsrisiko fürs eigene Modell: MYR Group baut und wartet Stromnetz- und Elektroinfrastruktur und profitiert allenfalls indirekt vom KI-getriebenen Strombedarf seiner Kunden — nach dem Kriterienkatalog bleibt es bei „neutral“ (Endmarkt-Exponierung allein begründet kein „verkauft“).
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-04-29 · 10-Q 2025-10-29 · 10-Q 2025-07-30 · 10-Q 2025-04-30 · 10-K 2026-02-25 · 10-K 2025-02-26
Rated on July 17, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 30.0% above the current price.
- Consensus
- Strong Sell
- Analyst Ratings
- 5
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 11.82 | 11.72 – 11.92 | 4,410 | 57.0% | 2 |
| 12/31/2027 | 13.83 | 11.01 – 15.43 | 4,784 | 17.0% | 6 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.99 | -31.00 | 830 | -17.40 | 1.90 | 21 | 9 |
| 2025: Q1 | 1.45 | 29.10 | 834 | 2.20 | 2.80 | 83 | 70 |
| 2025: Q2 | 1.70 | – | 900 | 8.60 | 2.90 | 33 | 12 |
| 2025: Q3 | 2.05 | 214.70 | 950 | 7.00 | 3.40 | 96 | 65 |
| 2025: Q4 | 2.33 | 136.80 | 974 | 17.30 | 3.80 | 115 | 85 |
| 2026: Q1 | 2.99 | 105.70 | 1,000 | 20.00 | 4.70 | 85 | 69 |
| 2026: Q2 | 3.17 | 86.50 | 1,082 | 20.10 | 4.60 | 3 | -26 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 1,142 | 39 | 21 | 1.23 | 54 | 263 | 574 |
| 2017 | 1,403 | 30 | 21 | 1.28 | -9 | 287 | 604 |
| 2018 | 1,531 | 50 | 31 | 1.87 | 85 | 323 | 749 |
| 2019 | 2,071 | 57 | 38 | 2.26 | 65 | 364 | 1,008 |
| 2020 | 2,247 | 87 | 59 | 3.48 | 175 | 429 | 996 |
| 2021 | 2,498 | 119 | 85 | 4.95 | 137 | 519 | 1,121 |
| 2022 | 3,009 | 115 | 83 | 4.91 | 167 | 560 | 1,399 |
| 2023 | 3,644 | 129 | 91 | 5.40 | 71 | 651 | 1,579 |
| 2024 | 3,362 | 54 | 30 | 1.83 | 87 | 600 | 1,574 |
| 2025 | 3,658 | 163 | 118 | 7.53 | 327 | 660 | 1,644 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
The quarterly report (10-Q as of 03/31/2026) explicitly names AI data centers, electrification and reshoring as investment drivers for customers; Q1 2026 grew 20 percent to $1,000.4 million — only the second billion-dollar quarter in company history. The $2.84 billion backlog (+7.6 percent), however, grows far more slowly than the share price.
Record year 2025 ($118.4 million net income, $326.6 million operating cash flow), gross margin recovered from 8.6 to 11.6 percent and 13.4 percent in Q1 2026; $163.2 million cash against $9.4 million remaining debt, Piotroski 9 of 9, Altman-Z around 6.9, return on equity around 23 percent (data as of July 10, 2026).
57 percent of revenue at fixed prices (C&I: 84.5 percent), cost overruns per the 10-K "may not be recoverable"; 2024 proved the drop height: clean energy losses erased 5.5 percentage points of T&D margin and group net income fell 67 percent. Even in the record year 2025, negative estimate changes cost 2.4 gross margin points; the collective bargaining agreements (85 percent of craft workers) expire between 2026 and 2028.
P/E around 53 trailing and around 42 on the current-year estimate, price-to-book around 11, price-to-sales around 2 on a 3 to 5 percent net margin (data as of July 10, 2026) — historically high multiples for a cyclical project business; the company's own last buybacks averaged $117.33 (2025).
A stage-2 uptrend, relative strength of 95, 22 scanner hits, institutional accumulation (11 adding, 6 trimming) and only about 3 percent to the all-time high meet a management team that let its $75 million repurchase program expire unused on February 4, 2026, and pays no dividend — the trend strength is real, and so is the leadership's price verdict on its own stock (10-K for 2025, Item 5).
MYR Group is the rare combination of century-old trade business and momentum leader: on the grid since 1891, practically debt-free, a record quarter with 20 percent growth, Piotroski 9 of 9 — and the power hunger of AI data centers stands as a demand driver in its own quarterly report. Against that stand a business model that rests 57 percent on fixed prices and lost two thirds of its profit in a single solar year (2024), a backlog growing at a merely normal pace, and a share price at 53 times trailing earnings — a level at which the leadership preferred to let its own buyback program lapse. Whoever invests here buys first-class execution at a price that assumes flawlessness. Not investment advice.
- MYRG landed on the research list via the momentum/stage-2 run of our in-house stock scanner on July 17, 2026; the 22 hits and all metrics carry the July 10, 2026 data cut.
- Scanner metrics (P/E, P/B, Piotroski, Altman-Z, fundamental grade) use trailing twelve-month figures; the 2024 margin slump has rolled out of them, and a future project accident is naturally not yet in them.
- Price and valuation figures dated July 10, 2026 (about $487 per share, about $7.8 billion market value); analyses are evergreen, daily prices are not a buy argument.
About the Company
MYR Group Inc. erbringt über seine Tochtergesellschaften Elektroinstallationsdienste in den USA und Kanada.
| Employees | 9,000 |
|---|---|
| Headquarters | Thornton, CO |
| Address | 12121 Grant Street, 80241 Thornton, United States |
| Phone | 303 286 8000 |
| Website | myrgroup.com |
| IPO Date | 13. Aug 2008 |
| ISIN | US55405W1045 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Richard S. Swartz Jr. | President, CEO & Director | 1964 |
| Kelly Michelle Huntington C.F.A. | Senior VP & CFO | 1975 |
| William F. Fry J.D. | Senior VP, Chief Legal Officer & Secretary | 1975 |
| Don A. Egan | Senior VP and COO of Commercial & Industrial | 1971 |
| Brian K. Stern | Senior VP & COO of Transmission & Distribution | 1969 |
| Marisa A. Owens | Vice President of Accounting | – |
| Jennifer L. Harper | VP of Investor Relations & Treasurer | – |
| A. James Barrett | Vice President of Human Resources | – |
| Joesph P. Anderson | VP & General Counsel | – |
| R. Clay Thomson | President of High Country Line Construction, Inc | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.