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MYR Group, Inc. (MYRG)

POSITIVE
IndustrialsEngineering & ConstructionUnited States

Fundamental

72

Price

$304.24

Market Cap

$4.70B

Part 1 · What the company is worth

Overview

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company operates through two segments: Transmission and Distribution, and Commercial and Industrial. Its 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, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice storm, or other related damages. This segment serves as 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 intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Thornton, Colorado.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$4.01B

Trailing 12 months (through 6/30/2026)

Net Income

$165M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$232M

Total Equity

$660M

Total Liabilities

$984M

Current Ratio

1.40

Interest Coverage

61.03

Debt/EBITDA

0.29

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Fairly Valued

Fair Value

$326.43

Current Price

$304.24

Margin of Safety

+6.8%

Fair Value Range

$243.40 - $409.45

Estimation Methods

Analyst Target:$392.50
DCF:$344.29
PE-based:$276.92
Graham Growth:$387.71
EPV:$95.81
Analyst Consensus:Buy (9B / 6H / 0S)
Last Earnings Surprise:+19.80%

Valuation Metrics

P/E Ratio

28.96

ROE

17.9%

P/B Ratio

6.30

P/FCF

24.58

Gross Margin

12.5%

ROIC

19.8%

Profitability Radar

Value Creation (Economic Moat)

ROIC

19.8%

WACC

11.8%

ROIC − WACC

+8.0 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (21)

  • EPS shows upward trend
  • EPS CAGR 14.78%
  • Price CAGR 23.50%
  • ROIC 19.8%
  • P/FCF 24.58
  • Debt/Equity ratio
  • Operating Margin 5.6%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 24.2%
  • Revenue Growth 5Y 10.2%
  • Analyst Consensus 60% Buy
  • Earnings Surprise avg 22.7%
  • PEG Ratio 1.89
  • Earnings Quality (OCF/NI) 1.81
  • Share Dilution -4.9%
  • Net Margin Trend 4.1% vs 2.2%
  • Piotroski F-Score 6/9

Failed (6)

  • Gross Margin 12.5%
  • P/B Ratio 6.30
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)

Unavailable (1)

  • Dividend Payout NaN%

Piotroski F-Score

6/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

1.81

High quality: earnings backed by cash

Share Dilution

-4.9%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Richard S. Swartz Jr.President, CEO & Director61
Ms. Kelly Michelle Huntington C.F.A.Senior VP & CFO50
Mr. William F. Fry J.D.Senior VP, Chief Legal Officer & Secretary50
Mr. Don A. EganSenior VP and COO of Commercial & Industrial54
Mr. Brian K. SternSenior VP & COO of Transmission & Distribution56
Marisa A. OwensVice President of Accounting-
Ms. Jennifer L. HarperVP of Investor Relations & Treasurer-
Mr. A. James BarrettVice President of Human Resources-
Joesph P. AndersonVP & General Counsel-
R. Clay ThomsonPresident of High Country Line Construction, Inc-

Audit Risk

7

Board Risk

2

Compensation Risk

1

Shareholder Rights Risk

2

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for MYRG, sourced from Markets Gazette.

  • 2/26/2026NEUTRAL
    MYR Group (MYRG) Q4 2025 Earnings Call Transcript

    Investors in MYR Group Inc. (MYRG) have recently gained access to the transcript of the Q4 2025 earnings conference call, a pivotal event for understanding the company's financial performance and future outlook. While specific details of the results were not immediately available, the analysis of such transcripts is paramount for shareholders. It allows for the evaluation of key figures like revenue and earnings, but also for gauging management sentiment, strategies for the upcoming fiscal year, and responses to analyst questions. This quarterly update offers a direct window into the challenges and opportunities MYR Group faces in the electrical infrastructure and construction sector, providing valuable insights for long-term investment decisions.

via Markets Gazette