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

$275.37+4.08(0.02%)Pre-market

Market Cap

$4.35B

P/E

26.3x

P/S

1.1x

P/B

5.8x

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

ExcellentMetricSide Score: 91/100

Strongest: Balance Sheet & Red Flags (25/25); weakest: Profitability (18/25).

Profitability18/25

Growth24/25

Balance Sheet & Red Flags25/25

Cash & Earnings Quality24/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

Valuation vs. 5-year range

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

P/E · 26.3x5y range 17.4x – 79.3x

Currently near its 20-quarter median.

P/S · 1.1x5y range 0.5x – 1.1x

Currently above its 20-quarter median.

P/B · 5.8x5y range 2.7x – 5.9x

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 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $4.35B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $4.01B
Q. Revenue: $1.08B
TTM EBITDA: $295.21M
TTM Op. Income: $225.46M
Q. Op. Income: $67.94M
TTM Net Income: $165.29M
Q. Net Income: $49.85M
EPS: $3.2
Shares Out.: $15.58M

$4.01B in TTM revenue grew 16.1% YoY, reaching $1.08B last quarter. TTM EBITDA of $295.21M and TTM operating income of $225.46M show growth is flowing through to the bottom line. TTM net income of $165.29M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 13.2%
EBITDA Margin: 7.9%
Op. Margin: 6.3%
Net Margin: 4.6%

Op. margin of 6.3% is up 1.9% YoY — cost efficiency is improving. Net margin at 4.6% and gross margin of 13.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 42% — a weakening trend.

Price Ratios

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

P/E Ratio: 26.3x
P/S Ratio: 1.1x
P/B Ratio: 5.8x

At 26.3x P/E, the stock trades within typical market levels. P/S of 1.1x and P/B of 5.8x 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: $1.67B
Cash: $137.87M
Long-Term Debt: $4.72M
Book Value: $754.42M
D/E Ratio: 0.0
Debt/EBITDA: 0.1

With $1.67B in assets and $4.72M in long-term debt, D/E is 0.0and book value is $754.42M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $3.33M
TTM Free Cash Flow: $193.36M
FCF Margin: 4.8%
FCF / Net Income: 1.2

TTM FCF of $193.36M on $3.33M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.