MYR Group (MYRG) AI Stock Analysis

• Market Cap: $3.62B
• Dividend Yield: N/A
• Average Volume (3M): 257.76K
• Price to Earnings (P/E): 37.7
• Beta (1Y): 1.83
• 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: 273,170
• 30 Day Avg. Volume: 257,758
• 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: 0.91
• Enterprise Value/Revenue: 0.94
• Enterprise Value/Gross Profit: 8.27
• Enterprise Value/Ebitda: 18.12
• 1Y Price Target: $223.00
• Price Target Upside: -4.49% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 6.95
• Revenue Forecast (FY): $3.58B

• Rating: 74 Outperform
• Price Target: $239.00 ▲(2.36% Upside)

MYR Group's strong financial performance and positive earnings call sentiment are the most significant factors contributing to its score. The bullish technical indicators also support the stock's potential. However, the high P/E ratio and absence of a dividend yield present valuation concerns.

Positive Factors

Revenue Growth

The consistent revenue growth, particularly in key segments, underscores MYR Group's strong market position and demand for its services, indicating potential for sustained expansion.

Cash Flow Generation

Robust cash flow generation enhances MYR Group's operational flexibility and ability to invest in growth opportunities, supporting long-term financial health.

Improved Margins

Improved margins reflect better cost management and operational efficiency, which can lead to enhanced profitability and competitive advantage over time.

Negative Factors

Increased SG&A Expenses

Rising SG&A expenses can pressure profit margins and indicate potential inefficiencies, which may need addressing to maintain profitability.

Project Inefficiencies

Project inefficiencies can lead to cost overruns and reduced profitability, highlighting the need for improved project management and execution.

Decreased Revenue Growth

A decline in revenue growth suggests challenges in maintaining previous growth rates, potentially impacting future earnings and market competitiveness.

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 primarily generates revenue through its electrical contracting services, which are categorized into several key areas: utility services, commercial and industrial services, and renewable energy projects. The company's utility services include construction and maintenance of high-voltage transmission lines, substations, and distribution systems, which are vital for electric utilities. The commercial and industrial segment offers a range of electrical solutions for commercial facilities, including installation and maintenance. Furthermore, MYR Group has made significant inroads into the renewable energy sector, providing construction services for solar and wind projects. Revenue is primarily derived from contracts with utility companies, government entities, and private sector clients, often structured as fixed-price contracts or cost-plus contracts, allowing for predictable cash flows. Strategic partnerships with major utility providers and ongoing investments in training and technology enhance operational efficiency and safety, contributing positively to the company's earnings.

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	181.81M	118.21M	189.08M	170.70M	161.67M	130.19M
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	207.49M	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	-40.96M	-67.21M	-79.13M	-185.73M	-49.30M	-40.93M
Financing Cash Flow	-80.44M	-39.96M	-18.37M	-9.27M	-28.09M	-124.30M

MYR Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 233.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 233.48 is above the 20-day moving average (MA) of 216.72, above the 50-day MA of 200.08, and above the 200-day MA of 164.51, indicating a bullish trend. The MACD of 9.16 indicates Negative momentum. The RSI at 65.34 is Neutral, neither overbought nor oversold. The STOCH value of 78.63 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	77 Outperform	$4.49B	39.10	33.43%	0.52%	29.16%	163.46%
MYRG	74 Outperform	$3.62B	37.72	16.22%	―	-0.64%	168.51%
ECG	74 Outperform	$4.76B	27.76	35.26%	―	28.20%	24.27%
GVA	70 Outperform	$4.50B	34.36	16.87%	0.52%	6.87%	64.56%
AMRC	64 Neutral	$1.93B	29.87	6.31%	―	12.22%	17.41%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TPC	63 Neutral	$3.55B	―	-2.31%	―	19.22%	78.83%

MYR Group Corporate Events

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.

MYR Group Releases New Investor Presentation Materials

On August 8, 2025, MYR Group Inc. announced the posting of presentation materials on its investor relations website, which will be used in meetings with stakeholders throughout the quarter ending September 30, 2025. The materials highlight MYR Group’s strong financial position, with a significant backlog and revenue growth, and emphasize its strategic focus on data centers and transportation opportunities driven by reshoring and AI growth. The company is well-positioned to benefit from increasing demand in its core markets and plans to leverage its robust balance sheet to support organic growth and acquisitions.

The most recent analyst rating on (MYRG) stock is a Buy with a $200.00 price target. To see the full list of analyst forecasts on MYR Group stock, see the MYRG Stock Forecast page.

MYR Group Inc. Reports Strong Quarterly Growth

MYR Group Inc. is a specialty electrical construction service provider operating in the Transmission and Distribution (T&D) and Commercial and Industrial (C&I) sectors, offering a wide range of services including design, engineering, and maintenance. In its latest earnings report for the quarter ending June 30, 2025, MYR Group Inc. reported significant growth in contract revenues, reaching $900.3 million, up from $828.9 million in the same period last year. The company also saw a substantial increase in net income, reporting $26.5 million compared to a loss of $15.3 million in the previous year. Key financial highlights include a gross profit of $103.7 million and a positive shift in comprehensive income to $31.3 million. The company experienced a notable improvement in its cash position, with cash and cash equivalents rising to $22.9 million from $3.5 million at the end of 2024. Looking ahead, MYR Group Inc. remains focused on executing its backlog of $2.33 billion in remaining performance obligations, with a substantial portion expected to be recognized within the next year, indicating a strong outlook for continued growth.

MYR Group Inc. Reports Strong Q2 Earnings

The latest earnings call for MYR Group Inc. painted a picture of robust financial health, characterized by significant revenue growth, improved margins, and a strong backlog. The positive sentiment was driven by new Master Service Agreements (MSAs) and increased demand for electricity. However, the call also highlighted challenges such as rising costs, inefficiencies, and a decline in solar revenue, which present areas of concern for the company.