Everus Construction Group, Inc. (ECG)
NYSE:ECG
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Everus Construction Group, Inc.
(NYSE:ECG)
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Rating:76Outperform
Price Target:
$158.00
▲(22.66% Upside)
Action:ReiteratedDate:04/02/26
The score is driven primarily by improving fundamentals (strong profitability and materially reduced leverage) and supportive technical momentum (price well above key moving averages with positive MACD). Offsetting factors are uneven cash-flow conversion and a only moderate valuation support (P/E ~21.6 and no dividend yield provided), while guidance/backlog visibility remains a net positive despite near-term FCF and segment-margin headwinds.
Positive Factors
Stronger balance sheet and M&A capacity
Everus materially reduced debt and finished 2025 with ample liquidity (cash, low net leverage and available credit). This durable financial flexibility supports capital allocation for capex, prefab investments and disciplined M&A, lowering bankruptcy risk and enabling strategic growth over the next 2–6 months.
Negative Factors
Volatile cash conversion and weaker FCF
Cash conversion has been uneven: FCF covered ~57% of net income in 2025 but fell materially year-over-year and was negative in 2022. Persistent working-capital sensitivity reduces internal funding reliability for capex or debt paydown and elevates refinancing or liquidity risk during cyclical slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger balance sheet and M&A capacity
Everus materially reduced debt and finished 2025 with ample liquidity (cash, low net leverage and available credit). This durable financial flexibility supports capital allocation for capex, prefab investments and disciplined M&A, lowering bankruptcy risk and enabling strategic growth over the next 2–6 months.
Read all positive factors
Everus Construction Group, Inc. (ECG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.84B
Dividend YieldN/A
Average Volume (3M)500.12K
Price to Earnings (P/E)21.6
Beta (1Y)1.74
Revenue Growth31.47%
EPS Growth40.49%
CountryUS
Employees8,700
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.08
Shares Outstanding51,041,607
10 Day Avg. Volume590,983
30 Day Avg. Volume500,115
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)6.94
Price to Sales (P/S)1.17
P/FCF Ratio48.53
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue1.81
Enterprise Value/Gross Profit14.93
Enterprise Value/Ebitda21.49
Forecast
1Y Price Target
$139.80Price Target Upside8.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)4.16
Revenue Forecast (FY)$4.21B
Everus Construction Group, Inc. Business Overview & Revenue Model
Company Description
Everus Construction Group, Inc. provides utility construction services. It offers electrical line construction, pipeline construction, inside electrical wiring and cabling, and mechanical services. The company also involves in the manufacture and ...
How the Company Makes Money
null...
Everus Construction Group, Inc. Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down where sales come from across the company’s business lines, showing which operations drive growth and profits. Heavy revenue concentration in one segment can increase risk if that market slows, while a balanced mix can smooth cyclical swings. Comparing segment revenue trends over time helps identify where management is winning market share or where margins may come under pressure.
Breaks down where sales come from across the company’s business lines, showing which operations drive growth and profits. Heavy revenue concentration in one segment can increase risk if that market slows, while a balanced mix can smooth cyclical swings. Comparing segment revenue trends over time helps identify where management is winning market share or where margins may come under pressure.
Data provided by:
The Fly
The FlyEverus Construction Group, Inc. Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: record quarterly revenue, double-digit full-year top-line growth, substantial EBITDA expansion, a 16% backlog increase, and robust balance sheet flexibility for M&A and growth investments. Offsets include lower free cash flow (driven by working capital and higher CapEx), some margin pressure in the T&D segment, incremental stand‑alone costs, and a modest near‑term EBITDA growth outlook versus the step-change in 2025. On balance, the positives (growth, margins, backlog, financial flexibility and strategic investments) materially outweigh the negatives, which are largely one-time or investment-related.Positive Updates
Record Quarterly and Full-Year Revenue Growth
Q4 2025 revenues exceeded $1,010,000,000 (first time over $1.0B), up 33% YoY; full-year 2025 revenues were $3,750,000,000, up ~31.5%–32% YoY, driven by growth across E&M and T&D.
Negative Updates
Free Cash Flow and Operating Cash Flow Decline
Full-year operating cash flow was $150.8M in 2025 vs $163.4M in 2024 (down ~7.7%); free cash flow was $100.0M vs $128.8M in 2024 (down ~22.4%), reflecting working capital build and higher CapEx to support growth.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Quarterly and Full-Year Revenue Growth
Q4 2025 revenues exceeded $1,010,000,000 (first time over $1.0B), up 33% YoY; full-year 2025 revenues were $3,750,000,000, up ~31.5%–32% YoY, driven by growth across E&M and T&D.
Read all positive updates
Company Guidance
Management provided initial 2026 guidance calling for revenues of $4.1–$4.2 billion and EBITDA of $320–$335 million (the midpoint implies ~11% revenue growth and ~5% EBITDA growth year‑over‑year), with an EBITDA margin at the midpoint just under 8% (~7.98%) and a noted two‑year adjusted EBITDA CAGR of ~25% after accounting for $28 million of incremental stand‑alone operating costs; the outlook is supported by an elevated year‑end 2025 backlog of $3.23 billion (up 16% y/y, with roughly 80% typically burning in 12 months), and management reiterated long‑term targets of 5–7% organic revenue growth and CapEx of ~2–2.5% of revenues while highlighting balance sheet capacity (year‑end cash $152.7M, gross debt $285M, $222.8M available on the credit facility, and net leverage ~0.4x) to fund execution and potential M&A.Everus Construction Group, Inc. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 3.75B | 2.85B | 2.85B | 2.70B |
| Gross Profit | 454.09M | 339.45M | 321.92M | 276.05M |
| EBITDA | 324.33M | 220.05M | 207.51M | 187.49M |
| Net Income | 201.77M | 143.42M | 137.23M | 124.78M |
Balance Sheet | ||||
| Total Assets | 1.73B | 1.29B | 1.05B | 1.14B |
| Cash, Cash Equivalents and Short-Term Investments | 170.50M | 86.01M | 1.57M | 2.11M |
| Total Debt | 105.54M | 363.20M | 222.18M | 305.22M |
| Total Liabilities | 1.10B | 865.85M | 603.61M | 753.34M |
| Stockholders Equity | 629.82M | 422.61M | 448.85M | 382.25M |
Cash Flow | ||||
| Free Cash Flow | 90.01M | 115.10M | 135.75M | -61.34M |
| Operating Cash Flow | 156.84M | 163.38M | 171.34M | -25.50M |
| Investing Cash Flow | -56.77M | -37.06M | -19.97M | -24.57M |
| Financing Cash Flow | -15.59M | -41.87M | -151.91M | 51.50M |
Everus Construction Group, Inc. Technical Analysis
Positive
128.81
Price Trends
115.45
Positive
102.70
Positive
91.30
Positive
Market Momentum
4.51
Negative
57.16
Neutral
54.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ECG, the sentiment is Positive. The current price of 128.81 is above the 20-day moving average (MA) of 123.14, above the 50-day MA of 115.45, and above the 200-day MA of 91.30, indicating a bullish trend. The MACD of 4.51 indicates Negative momentum. The RSI at 57.16 is Neutral, neither overbought nor oversold. The STOCH value of 54.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ECG.
Everus Construction Group, Inc. Risk Analysis
Everus Construction Group, Inc. disclosed 55 risk factors in its most recent earnings report. Everus Construction Group, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
We currently generate, and expect to continue to generate, at least in the short-term, a significant portion of our revenues from data center and other similar high tech and advanced technology contracts. The loss of, or reduction in business from, these types of contracts could have a material adverse effect on our business. Q4, 2025
Everus Construction Group, Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $8.80B | 35.01 | 33.62% | 0.49% | 8.06% | 57.80% | |
79 Outperform | $5.25B | 28.92 | 22.13% | ― | 8.79% | 306.58% | |
76 Outperform | $6.84B | 21.65 | 37.06% | ― | 31.47% | 40.49% | |
74 Outperform | $9.01B | 24.39 | 17.49% | 0.25% | 18.98% | 51.14% | |
70 Outperform | $4.53B | 30.66 | 6.77% | 0.09% | 28.11% | ― | |
67 Neutral | $5.33B | 26.09 | 17.58% | 0.45% | 10.40% | 52.54% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
ECG
Everus Construction Group, Inc.
134.09
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213.00%
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GVA
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MYRG
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404.81
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PRIM
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181.15
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184.52%
TPC
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92.92
70.94
322.71%
Everus Construction Group, Inc. Corporate Events
Business Operations and StrategyM&A Transactions
Everus Completes First Acquisition, Expands Southeast MEP Presence
Positive
Apr 2, 2026
On April 2, 2026, Everus Construction Group announced it had completed the $158 million cash acquisition of SEM Constructors, SEM of the Triangle and SECO Rentals, a North Carolina-based provider of mechanical, electrical and plumbing services wit...
Business Operations and StrategyFinancial Disclosures
Everus Construction Posts Record 2025 Results, Strong Backlog
Positive
Feb 24, 2026
On Feb. 24, 2026, Everus Construction Group reported record fourth-quarter and full-year 2025 results, highlighted by a 33.1% year-on-year jump in quarterly revenue to $1.01 billion and a 60.8% rise in net income to $55.3 million. Full-year 2025 r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.