MYR Group (MYRG) AI Stock Analysis

• Market Cap: $3.29B
• Dividend Yield: N/A
• Average Volume (3M): 242.43K
• Price to Earnings (P/E): 35.0
• Beta (1Y): 1.87
• 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: 271,903
• 30 Day Avg. Volume: 242,427
• 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: 1.00
• Enterprise Value/Revenue: 0.94
• Enterprise Value/Gross Profit: 8.27
• Enterprise Value/Ebitda: 16.60
• 1Y Price Target: $251.00
• Price Target Upside: 15.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 7.05
• Revenue Forecast (FY): $3.58B

• Rating: 76 Outperform
• Price Target: $258.00 ▲(19.09% Upside)

MYR Group's strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The technical analysis indicates positive momentum but suggests caution due to potential overbought conditions. Valuation concerns due to a high P/E ratio and lack of dividend yield slightly offset the positive aspects.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial stability.

Strong Balance Sheet

A low debt-to-equity ratio suggests financial prudence, providing flexibility for future investments and resilience against economic downturns.

Market Positioning

Strategic market positioning in key growth areas like data centers and clean energy enhances competitive advantage and future growth prospects.

Negative Factors

Increased SG&A Expenses

Rising SG&A expenses can pressure margins and reduce profitability, potentially impacting long-term financial performance if not managed.

Project Inefficiencies

Project inefficiencies can lead to cost overruns and reduced profitability, highlighting operational challenges that need addressing for sustained growth.

Moderate Profit Margins

Moderate profit margins suggest room for improvement in operational efficiency, which is crucial for enhancing long-term profitability.

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 performance with strong revenue growth and profitability improvements. The balance sheet is robust with low leverage and high return on equity, while cash flow generation is strong, albeit with room for improvement in free cash flow conversion.

Income Statement

MYR Group shows a strong revenue growth trajectory with a TTM revenue growth rate of 1.81%. The gross profit margin has improved to 11.34% in the TTM, indicating efficient cost management. Net profit margin also increased to 2.78%, reflecting enhanced profitability. However, the EBIT and EBITDA margins, while improved, remain moderate at 4.24% and 5.65% respectively, suggesting room for operational efficiency improvements.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.19, indicating conservative leverage. Return on equity is robust at 16.65%, showcasing effective use of equity capital. The equity ratio stands at 37.55%, reflecting a stable financial structure with a healthy proportion of equity financing.

Cash Flow

MYR Group's cash flow performance is strong, with a significant free cash flow growth rate of 43.69% in the TTM. The operating cash flow to net income ratio is 2.38, indicating strong cash generation relative to net income. However, the free cash flow to net income ratio of 0.89 suggests that while cash flow is healthy, there is a need to further enhance free cash flow relative to earnings.

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: Neutral
• Last Price: 216.64
• 50DMA: Negative
• 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 Neutral. The current price of 216.64 is below the 20-day moving average (MA) of 219.69, below the 50-day MA of 218.66, and above the 200-day MA of 176.68, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 46.99 is Neutral, neither overbought nor oversold. The STOCH value of 23.03 is Neutral, 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
MYRG	76 Outperform	$3.29B	35.00	16.22%	―	-0.64%	168.51%
AGX	73 Outperform	$4.11B	34.95	32.05%	0.49%	13.49%	77.73%
ECG	72 Outperform	$4.29B	24.62	35.26%	―	28.20%	24.27%
GVA	70 Outperform	$4.98B	33.50	16.87%	0.45%	6.87%	64.56%
TPC	65 Neutral	$3.48B	-124.47	-2.31%	0.09%	19.22%	78.83%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AMRC	61 Neutral	$1.54B	25.04	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.