MYR Group (MYRG) AI Stock Analysis

• Market Cap: $3.44B
• Dividend Yield: N/A
• Average Volume (3M): 243.53K
• Price to Earnings (P/E): 35.8
• Beta (1Y): 1.89
• Revenue Growth: -0.64%
• EPS Growth: 168.51%
• Country: US
• Employees: 8,500
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 2.05
• Shares Outstanding: 15,522,834
• 10 Day Avg. Volume: 264,246
• 30 Day Avg. Volume: 243,535
• PEG Ratio: -1.22
• Price to Book (P/B): 4.08
• Price to Sales (P/S): 0.73
• P/FCF Ratio: 219.18
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 0.94
• Enterprise Value/Gross Profit: 8.27
• Enterprise Value/Ebitda: 16.60
• 1Y Price Target: $229.00
• Price Target Upside: 3.32% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): 6.96
• Revenue Forecast (FY): $3.58B

• Rating: 74 Outperform
• Price Target: $239.00 ▲(7.83% Upside)

MYR Group's overall stock score is driven by strong financial performance and positive earnings call sentiment. The technical analysis suggests neutral momentum, while the high P/E ratio indicates potential overvaluation. The absence of significant corporate events and dividend yield also impacts the score.

Positive Factors

Revenue Growth

Consistent revenue growth highlights MYR Group's expanding market presence and ability to capture new contracts, supporting long-term business stability.

Balance Sheet Health

A strong balance sheet with low leverage provides financial flexibility and reduces risk, enabling MYR Group to invest in growth opportunities.

Cash Flow Generation

Robust cash flow generation enhances MYR Group's ability to fund operations, reduce debt, and invest in strategic initiatives, supporting long-term growth.

Negative Factors

SG&A Expenses

Rising SG&A expenses can pressure margins and profitability, potentially limiting resources available for growth and investment in the long term.

Project Inefficiencies

Project inefficiencies can lead to cost overruns and reduced profitability, impacting MYR Group's ability to maintain competitive pricing and margins.

Free Cash Flow Conversion

Limited free cash flow conversion may restrict MYR Group's capacity to reinvest in the business, affecting long-term growth and financial resilience.

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 primarily through its contracting services, which are billed on a project basis. The company engages in both large-scale and smaller projects, allowing it to capture a wide array of contracts in the electrical infrastructure sector. Key revenue streams include construction contracts for utility infrastructure, maintenance services for existing electrical systems, and installation projects related to renewable energy sources such as wind and solar. Additionally, MYR Group benefits from long-term relationships with major utility companies and government contracts, which provide a steady flow of income. The company's diversified portfolio and expertise in various sectors enable it to mitigate risks and capitalize on emerging opportunities in the energy market.

MYR Group Financial Statement Overview

Summary

MYR Group demonstrates solid financial health with consistent revenue growth, improved profitability, and strong cash flow generation. The company maintains a conservative leverage position, enhancing financial stability. While operational margins could be improved, the current financial trajectory is positive.

Income Statement

MYR Group has shown consistent revenue growth with a TTM growth rate of 2.11%. The gross profit margin has improved to 10.54% in the TTM, indicating better cost management. Net profit margin has increased to 2.21% from 0.90% in the previous year, reflecting enhanced profitability. However, the EBIT and EBITDA margins are relatively modest at 3.57% and 5.01%, respectively, suggesting room for operational efficiency improvements.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.23, indicating conservative leverage. Return on equity has improved to 13.16% in the TTM, showcasing effective use of equity to generate profits. The equity ratio stands at a solid 36.75%, reflecting a stable financial structure. However, the slight decrease in stockholders' equity over the past year suggests a need for careful equity management.

Cash Flow

MYR Group's cash flow performance is strong, with a significant free cash flow growth rate of 30.51% in the TTM. The operating cash flow to net income ratio of 2.26 indicates robust cash generation relative to net income. The free cash flow to net income ratio is healthy at 0.75, suggesting efficient conversion of earnings into cash. This strong cash flow position supports the company's operational and strategic flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.51B	3.36B	3.64B	3.01B	2.50B	2.25B
Gross Profit	398.45M	290.32M	364.40M	343.96M	324.98M	275.85M
EBITDA	198.45M	118.21M	189.08M	175.94M	164.31M	132.40M
Net Income	97.82M	30.26M	90.99M	83.38M	85.01M	58.76M
Balance Sheet
Total Assets	1.65B	1.57B	1.58B	1.40B	1.12B	995.86M
Cash, Cash Equivalents and Short-Term Investments	76.21M	3.46M	24.90M	51.04M	82.09M	22.67M
Total Debt	118.97M	119.99M	73.61M	74.55M	25.50M	52.08M
Total Liabilities	1.03B	973.70M	927.54M	838.66M	601.99M	566.57M
Stockholders Equity	617.59M	600.36M	651.20M	560.20M	519.10M	429.29M
Cash Flow
Free Cash Flow	156.08M	11.18M	-13.72M	90.43M	84.87M	130.81M
Operating Cash Flow	232.86M	87.11M	71.02M	167.48M	137.23M	175.17M
Investing Cash Flow	-68.85M	-67.21M	-79.13M	-185.73M	-49.30M	-40.93M
Financing Cash Flow	-94.82M	-39.96M	-18.37M	-9.27M	-28.09M	-124.30M

MYR Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 221.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYRG, the sentiment is Positive. The current price of 221.65 is below the 20-day moving average (MA) of 222.71, above the 50-day MA of 210.74, and above the 200-day MA of 169.47, indicating a neutral trend. The MACD of 0.56 indicates Positive momentum. The RSI at 53.33 is Neutral, neither overbought nor oversold. The STOCH value of 50.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MYRG.

MYR Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGX	75 Outperform	$5.26B	45.81	33.43%	0.43%	29.16%	163.46%
MYRG	74 Outperform	$3.44B	35.81	16.22%	―	-0.64%	168.51%
GVA	70 Outperform	$4.30B	28.95	16.87%	0.49%	6.87%	64.56%
ECG	69 Neutral	$4.63B	25.61	35.26%	―	28.20%	24.27%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TPC	63 Neutral	$3.56B	―	-2.31%	―	19.22%	78.83%
AMRC	61 Neutral	$1.83B	29.35	6.31%	―	12.22%	17.41%

MYR Group Corporate Events

MYR Group Releases New Presentation Materials

On November 10, 2025, MYR Group Inc. released presentation materials on its website, which management may use in meetings with stakeholders throughout the quarter ending December 31, 2025. The materials highlight MYR Group’s strong market positioning, with significant growth in its T&D and C&I segments driven by increased investments in data centers, transportation, and clean energy. The company maintains a strong financial position with a substantial credit facility and low debt leverage, enabling it to support organic growth and pursue acquisitions. MYR Group’s long-standing customer relationships and strategic positioning in reshoring and AI-driven data center growth further bolster its industry leadership.

The most recent analyst rating on (MYRG) stock is a Buy with a $237.00 price target. To see the full list of analyst forecasts on MYR Group stock, see the MYRG Stock Forecast page.

MYR Group’s Q3 2025 Earnings Call Highlights Robust Growth

The recent earnings call for MYR Group Inc. painted a largely positive picture for the third quarter of 2025, showcasing robust revenue and income growth, a strong cash flow position, and improved gross margins. Despite some challenges with increased SG&A expenses and project inefficiencies, the company’s strategic positioning and positive outlook in key market segments contributed to an overall optimistic sentiment.

MYR Group Inc. Reports Strong Q3 2025 Results

MYR Group Inc. is a holding company of specialty electrical contractors providing services in the electric utility infrastructure, commercial, and industrial construction markets across the United States and Canada.

MYR Group Appoints Aurelie P. Richard to Board

On August 26, 2025, MYR Group Inc. announced the appointment of Aurelie P. Richard to its Board of Directors, filling the vacancy left by William D. Patterson’s retirement. Ms. Richard, who brings over thirty years of experience in finance and management, will also serve on the Board’s Audit Committee. Her extensive industry experience and strategic acumen are expected to contribute significantly to MYR Group’s growth strategy, enhancing its leadership and operational capabilities.

The most recent analyst rating on (MYRG) stock is a Hold with a $202.00 price target. To see the full list of analyst forecasts on MYR Group stock, see the MYRG Stock Forecast page.