MYR Group (MYRG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

MYR Group

NasdaqGS•Industrials•Engineering & Construction

$254.97-20.24(-0.07%)After hours

Market Cap

$4.53B

P/E

23.5x

P/S

1.1x

P/B

5.5x

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.

How this company scores

GoodMetricSide Score: 79/100

Strongest: Growth (25/25); weakest: Cash & Earnings Quality (17/25).

Profitability20/25

Growth25/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality17/25

Strengths

Growing revenueHigh ROERising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 23.5x5y range 17.4x – 79.3x

Currently near its 20-quarter median.

P/S · 1.1x5y range 0.5x – 1.9x

Currently above its 20-quarter median.

P/B · 5.5x5y range 2.7x – 10.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Watch

Debt-to-equity has risen 122.3% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $4.53B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.31B
Q. Revenue: $1.26B
TTM EBITDA: $341.67M
TTM Op. Income: $264.30M
Q. Op. Income: $85.11M
TTM Net Income: $193.20M
Q. Net Income: $60.01M
EPS: $3.85
Shares Out.: $15.58M

$4.31B in TTM revenue grew 22.8% YoY, reaching $1.26B last quarter. TTM EBITDA of $341.67M and TTM operating income of $264.30M show growth is flowing through to the bottom line. TTM net income of $193.20M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 13.6%
EBITDA Margin: 8.7%
Op. Margin: 6.8%
Net Margin: 4.8%

Op. margin of 6.8% is up 1.9% YoY — cost efficiency is improving. Net margin at 4.8% and gross margin of 13.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 39% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 23.5x
P/S Ratio: 1.1x
P/B Ratio: 5.5x

At 23.5x P/E, the stock trades within typical market levels. P/S of 1.1x and P/B of 5.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 29% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.11B
Cash: $26.01M
Long-Term Debt: $198.78M
Book Value: $818.99M
D/E Ratio: 0.2
Debt/EBITDA: 1.8

With $2.11B in assets and $198.78M in long-term debt, D/E is 0.2and book value is $818.99M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 122% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $46.08M
TTM Free Cash Flow: $137.11M
FCF Margin: 3.2%
FCF / Net Income: 0.7

TTM FCF of $137.11M on $46.08M in operating cash flow. The FCF / Net Income ratio of 0.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 3 consecutive quarters — a weakening trend.