MYR Group (MYRG) AI Stock Analysis

• Market Cap: $1.98B
• Dividend Yield: N/A
• Average Volume (3M): 212.82K
• Price to Earnings (P/E): 66.4
• Beta (1Y): 1.66
• Revenue Growth: -7.73%
• EPS Growth: -65.81%
• Country: US
• Employees: 8,500
• Sector: Industrials
• Sector Strength: 75
• Industry: Engineering & Construction
• EPS (TTM): 1.85
• Shares Outstanding: 16,138,502
• 10 Day Avg. Volume: 157,729
• 30 Day Avg. Volume: 212,818
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 8.70
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $144.20
• Price Target Upside: 17.89% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

MYR Group's overall score reflects solid financial performance, particularly in revenue growth and balance sheet strength, despite challenges in cash flow stability. Technical indicators suggest mixed market sentiment, while valuation concerns arise from a high P/E ratio. The earnings call and recent corporate events highlight strategic growth potential, supporting a moderately positive outlook.

MYR Group Business Overview & Revenue Model

Company Description

MYR 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.

How the Company Makes Money

MYR Group generates revenue through its comprehensive suite of electrical construction services. The company's primary revenue streams come from its two main segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). In the T&D segment, MYR Group provides services for the construction and maintenance of high-voltage transmission lines, substations, and distribution systems. This involves contracts with utility companies, independent power producers, and other energy firms. In the C&I segment, the company offers electrical construction and maintenance services for commercial buildings, industrial facilities, and infrastructure projects, often partnering with general contractors and private developers. MYR Group's revenue is influenced by its ability to secure contracts, the scale and duration of projects, and its reputation for reliability and safety. Additionally, the company benefits from trends in renewable energy and infrastructure development, which drive demand for its services.

MYR Group Financial Statement Overview

Summary

MYR Group demonstrates strong revenue growth and effective cost management, as seen in stable gross profit margins. The balance sheet reflects a healthy equity position and low leverage. However, cash flow volatility poses potential challenges.

Income Statement

MYR Group has demonstrated solid revenue growth over recent years, with a strong increase in total revenue from 2020 to 2023. The gross profit margin has remained stable, indicating effective cost management. However, the net profit margin has experienced fluctuations, primarily due to varying net income levels. The EBIT and EBITDA margins have shown improvement, reflecting enhanced operational efficiency.

Balance Sheet

The company's balance sheet reveals a healthy equity position with a consistent increase in stockholders' equity over the years. The debt-to-equity ratio is low, suggesting a conservative approach to leveraging. However, the total assets have not significantly increased, indicating a possible limitation in asset growth. The equity ratio is relatively stable, reflecting strong financial stability.

Cash Flow

MYR Group's cash flow statement shows fluctuating free cash flow, with a notable decrease in recent years. The operating cash flow to net income ratio suggests efficient cash generation relative to net income. However, the free cash flow to net income ratio has been inconsistent, indicating potential challenges in maintaining cash flow stability.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
3.36B	3.64B	3.01B	2.50B	2.25B
	Gross Profit
290.32M	364.40M	343.96M	324.98M	275.85M
	EBIT
54.08M	129.09M	114.91M	118.56M	86.55M
	EBITDA
54.08M	189.08M	170.70M	161.67M	130.19M
	Net Income Common Stockholders
30.26M	90.99M	83.38M	85.01M	58.76M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.46M	24.90M	51.04M	82.09M	22.67M
	Total Assets
1.57B	1.58B	1.40B	1.12B	995.86M
	Total Debt
119.99M	73.61M	74.55M	25.50M	52.08M
	Net Debt
116.53M	48.71M	23.51M	-56.59M	29.41M
	Total Liabilities
973.70M	927.54M	838.66M	601.99M	566.57M
	Stockholders Equity
600.36M	651.20M	560.20M	519.10M	429.29M
Cash Flow		Free Cash Flow
11.18M	-13.72M	90.43M	84.87M	130.81M
	Operating Cash Flow
87.11M	71.02M	167.48M	137.23M	175.17M
	Investing Cash Flow
-67.21M	-79.13M	-185.73M	-49.30M	-40.93M
	Financing Cash Flow
-39.96M	-18.37M	-9.27M	-28.09M	-124.30M

MYR Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 122.32
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYRG, the sentiment is Neutral. The current price of 122.32 is above the 20-day moving average (MA) of 114.56, above the 50-day MA of 118.09, and below the 200-day MA of 126.87, indicating a neutral trend. The MACD of 1.09 indicates Negative momentum. The RSI at 55.59 is Neutral, neither overbought nor oversold. The STOCH value of 88.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MYRG.

MYR Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGX	83 Outperform	$2.01B	24.11	26.59%	0.88%	52.47%	161.32%
PRIM	77 Outperform	$3.23B	18.09	13.67%	0.46%	11.40%	42.51%
MYRG	68 Neutral	$1.98B	66.42	4.84%	―	-7.73%	-65.81%
ECG	68 Neutral	$2.08B	14.50	32.91%	―	-0.16%	4.51%
Sector *	63 Neutral	$4.23B	11.54	5.34%	209.77%	4.14%	-9.49%
NVEE	61 Neutral	$1.22B	37.90	3.83%	―	9.90%	-32.50%
TPC	55 Neutral	$1.13B	―	-13.50%	―	11.51%	5.50%

MYR Group Corporate Events

MYR Group Highlights Strong Growth and Strategic Outlook

On March 7, 2025, MYR Group Inc. released presentation materials for the investment community, highlighting its financial performance and strategic outlook. The company reported strong growth in both its T&D and C&I segments, driven by increased investments in data centers, transportation, and clean energy. MYR Group’s robust financial position, with significant credit availability, supports its growth initiatives and potential acquisitions. The company is well-positioned to benefit from trends like reshoring of manufacturing and rising electricity demand, maintaining its status as a market leader in electrical construction.